NYSE$PATH
UiPath Inc. · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
UiPath's ARR surpassed $1 billion, reaching $1.043 billion, marking a 44% year-over-year increase, driven by net new ARR of $66 million.
UiPath reported a solid second quarter with revenue of $242.2 million, a 24% increase year-over-year, and ARR of $1.043 billion, a 44% increase year-over-year. The company is strategically repositioning to elevate customer conversations, sell business outcomes, and help organizations realize the transformational benefits of automation.
- ARR reached $1.043 billion, a 44% increase year-over-year.
- Revenue increased 24% year-over-year to $242.2 million.
- Net new ARR was $66.2 million.
- Dollar based net retention rate was 132%.
Headline financials
Revenue & EPS history
UiPath · Revenue · Quarterly
$242M
Revenue by segment
UiPath · $242M total across 3 segments · Q2 2023
- Subscription Services$125M+38.0%51.5%
- Licenses$104M+8.5%42.8%
- Professional Services$13.9M+43.7%5.7%
Forward guidance
For Q3 2023, UiPath expects revenue in the range of $243 million to $245 million and ARR in the range of $1,091 million to $1,093 million as of October 31, 2022. For the full year fiscal 2023, UiPath expects revenue in the range of $1,002 million to $1,007 million and ARR in the range of $1,153 million to $1,158 million as of January 31, 2023.
Tailwinds
- Revenue in the range of $243 million to $245 million for Q3 2023.
- ARR in the range of $1,091 million to $1,093 million as of October 31, 2022 for Q3 2023.
- Revenue in the range of $1,002 million to $1,007 million for full year fiscal 2023.
- ARR in the range of $1,153 million to $1,158 million as of January 31, 2023 for full year fiscal 2023.
Headwinds
- Non-GAAP operating loss in the range of $(30) million to $(25) million for Q3 2023.
- Non-GAAP operating loss of approximately $(15) million for full year fiscal 2023.
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 Q2 2023
-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
| Quarter | Report date | Reaction (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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