NYSE$PATH

UiPath Inc. · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

UiPath experienced substantial ARR growth and completed its IPO.

UiPath reported a strong start to fiscal year 2022, with ARR growing 64% year-over-year to $653 million. The company completed its initial public offering (IPO) and continues to invest in growth.

  • ARR increased 64% year-over-year to $652.6 million.
  • Revenue increased 65% year-over-year to $186.2 million.
  • Completed initial public offering (IPO) with net proceeds of $692.4 million.
  • Released UiPath Platform 21.4 with new products and features.

Headline financials

Total Revenue

$186M

Previous: $139M+33.6%
EPS (adj)

$0.02

Previous: $0.01+97.4%
Annualized Recurring Revenue

$653M

Previous: $398M+64.0%
Capital Expenditures

-$2.2M

No prior period
Free Cash Flow

-$242M

No prior period
Net Income

-$240M

Previous: -$52.8M-353.6%
Operating Income

-$236M

Previous: -$44.9M-425.9%
Gross Profit

$137M

Previous: $99.5M+37.9%
Cash & Equivalents

$1.8B

No prior period
Total Assets

$2.31B

No prior period
Stock-Based Comp

$251M

No prior period

Revenue & EPS history

UiPath · Revenue · Quarterly

$186M

Q1 2022+33.6%vs Q1 2021
Beat estimate in 9 of 11 quarters(82%)
ActualEstimate

Revenue by segment

UiPath · $186M total across 3 segments · Q1 2022

  • Licenses
    $100M+57.2%
  • Subscription Services
    $77.6M
  • Professional Services
    $8.36M

Forward guidance

UiPath provided guidance for the fiscal second quarter 2022 and full year 2022.

Tailwinds

  • ARR in the range of $702 million and $704 million for Q2 2022.
  • Revenue in the range of $180 million and $185 million for Q2 2022.
  • ARR in the range of $850 million and $855 million for full year 2022.

Headwinds

  • Non-GAAP operating loss in the range of $(35) million and $(25) million for Q2 2022.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-2.2%

Avg return

Earnings day

-2.7%

Avg return

5 days after

-7.6%

Avg return

30 days after

38%

9 / 24 earnings

Positive

+26.0%

Q3 2024

Best reaction

-35.6%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2027
Q4 2026-8.0%-3.2%-24.2%
Q3 2026+24.4%+27.7%+6.9%
Q2 2026+5.9%+7.0%+18.9%
Q1 2026+2.9%+0.9%-1.6%
Q4 2025-15.7%-9.1%-8.1%
Q3 2025-3.4%-4.0%-13.4%
Q2 2025-5.9%-5.4%-1.8%
Q1 2025-35.6%-36.4%-32.4%
Q4 2024-7.7%-6.4%-15.9%
Q3 2024+26.0%+24.2%+25.0%
Q2 2024+11.7%+18.5%+3.3%
Q1 2024-12.7%-6.1%-5.4%
Q4 2023+19.9%+14.6%+12.8%
Q3 2023+16.5%-0.2%+1.9%
Q2 2023-14.0%-9.1%-15.1%
Q1 2023+15.1%+13.6%+9.6%
Q4 2020-0.5%-10.1%-13.8%
Q4 2022-31.2%-27.4%-43.2%
Q3 2021-7.5%-10.4%-16.7%
Q3 2022+0.1%-7.4%-16.6%
Q2 2021-12.9%-11.1%-17.7%
Q2 2022-10.9%-12.7%-17.4%
Q4 2021-2.6%-8.2%-9.9%
Q1 2022-7.0%-3.2%-7.4%
Q1 2021

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