NYSE$PATH

UiPath Inc. · Q1 2026 earnings

Q1 2026 earnings · · After market close · Investor relations

Briefing

UiPath reported its Q1 2026 financial results, with moderate revenue growth and a narrowed net loss.

UiPath generated $356,624,000 in revenue during Q1 FY26 and reported a GAAP net loss of $22,555,000. Despite continued losses, the company exceeded guidance, grew ARR to $1.693 billion, and advanced its AI product offerings.

  • Revenue reached $356.6 million, a 6% increase YoY
  • Net loss narrowed to $22.6 million from $28.7 million last year
  • ARR climbed to $1.693 billion, up 12% YoY
  • Launched agentic automation platform and Test Cloud, reinforcing AI-led strategy

Headline financials

Total Revenue

$357M

Previous: $335M+6.4%
EPS

-$0.04

Previous: -$0.05+20.0%
Annualized Recurring Revenue

$1.69B

Previous: $1.51B+12.0%
Net New ARR

$27M

No prior period
Net Retention Rate

108.0%

No prior period
GAAP Gross Margin

82.0%

No prior period
Non-GAAP Gross Margin

84.0%

No prior period
Capital Expenditures

-$12.8M

Previous: -$1.24M-936.5%
Free Cash Flow

-$35.4M

Previous: -$30M-18.1%
Net Income

-$22.6M

Previous: -$28.7M+21.5%
Operating Income

-$16.4M

Previous: -$49.5M+66.8%
Gross Profit

$293M

Previous: $280M+4.6%

Revenue & EPS history

UiPath · Revenue · Quarterly

$357M

Q1 2026+6.4%vs Q1 2025
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Revenue by segment

UiPath · $326M total across 3 segments · Q3 2024

  • Subscription Services
    $168M+28.7%
  • Licenses
    $148M+25.3%
  • Professional Services
    $10.3M-28.4%

Forward guidance

UiPath anticipates Q2 FY26 revenue between $345M–$350M and FY26 revenue between $1.549B–$1.554B, with improving non-GAAP profitability and steady ARR growth.

Tailwinds

  • Revenue and EPS exceeded guidance in Q1
  • ARR expected to rise to $1.825 billion by FY26 end
  • Non-GAAP operating income forecasted at $305 million for the year
  • Gross margins remain strong, supporting profitability
  • Momentum building around agentic automation and AI partnerships

Headwinds

  • UiPath continues to report GAAP net losses
  • License revenue declined YoY
  • Stock-based compensation remains a significant cost
  • Cash outflows from share repurchases and acquisitions
  • Revenue guidance for Q2 shows limited sequential growth

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 2026

Historical avgQ1 2026

-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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