NYSE$PATH
UiPath Inc. · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
UiPath's Q2 2024 financial results were released, revealing a 19% increase in revenue and a 25% increase in ARR year-over-year.
UiPath reported a strong second quarter for fiscal year 2024, with revenue reaching $287.3 million, a 19% increase year-over-year. The company's ARR grew by 25% to $1.308 billion. UiPath also announced a $500 million stock repurchase program, signaling confidence in its future performance.
- Revenue increased by 19% year-over-year, reaching $287.3 million.
- ARR increased by 25% year-over-year, totaling $1.308 billion.
- Net new ARR was $59.0 million.
- The company announced a $500 million stock repurchase program.
Headline financials
Revenue & EPS history
UiPath · Revenue · Quarterly
$287M
Revenue by segment
UiPath · $287M total across 3 segments · Q2 2024
- Subscription Services$160M+28.4%55.7%
- Licenses$119M+15.0%41.5%
- Professional Services$8.01M-42.2%2.8%
Forward guidance
UiPath provided financial outlook for the third quarter and full year fiscal 2024.
Tailwinds
- Revenue in the range of $313 million to $318 million for Q3 2024.
- ARR in the range of $1.359 billion to $1.364 billion as of October 31, 2023.
- Non-GAAP operating income of approximately $32 million for Q3 2024.
- Revenue in the range of $1.273 billion to $1.278 billion for full year fiscal 2024.
- ARR in the range of $1.432 billion to $1.437 billion as of January 31, 2024.
Headwinds
- Reconciliation of non-GAAP operating income guidance to the most directly comparable GAAP measure is not available without unreasonable efforts on a forward-looking basis due to the high variability, complexity and low visibility with respect to the charges excluded from this non-GAAP measure
- Effects of stock-based compensation expense specific to equity compensation awards that are directly impacted by unpredictable fluctuations in our stock price.
- Variability of the above charges to have a significant, and potentially unpredictable, impact on our future GAAP financial results.
- Market, political, economic, and business conditions, including turmoil and macro-economic effects caused by geopolitical tensions and conflict, increasing inflationary cost trends, and foreign exchange volatility.
- Volatility in credit and financial markets
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 2024
-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 | — | — | — |
Discussion
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