NYSE$PATH

UiPath Inc. · Q2 2025 earnings

Q2 2025 earnings · · Investor relations

Briefing

UiPath's Q2 2025 financial results were released, showcasing revenue growth and increased ARR.

UiPath reported a 10% year-over-year increase in revenue, reaching $316 million, and a 19% year-over-year increase in ARR, totaling $1.551 billion. The company's cash flow from operations increased to $46 million, with non-GAAP adjusted free cash flow rising to $49 million. Additionally, UiPath announced a $500 million expansion of its stock repurchase program.

  • Revenue increased by 10% year-over-year, reaching $316 million.
  • ARR increased by 19% year-over-year, totaling $1.551 billion.
  • Net new ARR was $43 million.
  • The board authorized an additional $500 million for share repurchases.

Headline financials

Total Revenue

$316M

Previous: $287M+10.1%
EPS

-$0.15

Previous: $0.09-266.7%
Annualized Recurring Revenue

$1.55B

Previous: $1.31B+18.6%
Capital Expenditures

-$2.66M

Previous: -$2.88M+7.6%
Free Cash Flow

-$88.8M

Previous: -$63.2M-40.3%
Net Income

-$86.1M

Previous: -$60.4M-42.6%
Operating Income

-$103M

Previous: -$77.6M-33.2%
Gross Profit

$253M

Previous: $238M+6.1%
R&D Expense

$96.8M

No prior period
Stock-Based Comp

$94.3M

Previous: $102M-7.6%

Revenue & EPS history

UiPath · Revenue · Quarterly

$316M

Q2 2025+10.1%vs Q2 2024
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

For Q3 2025, UiPath expects revenue between $345 million and $350 million, ARR between $1.600 billion and $1.605 billion as of October 31, 2024, and non-GAAP operating income of approximately $27 million. For fiscal year 2025, revenue is expected to be between $1.420 billion and $1.425 billion, ARR between $1.665 billion and $1.670 billion as of January 31, 2025, and non-GAAP operating income of approximately $170 million.

Tailwinds

  • Revenue in the range of $345 million to $350 million for Q3 2025.
  • ARR in the range of $1.600 billion to $1.605 billion as of October 31, 2024 for Q3 2025.
  • Non-GAAP operating income of approximately $27 million for Q3 2025.
  • Revenue in the range of $1.420 billion to $1.425 billion for fiscal year 2025.
  • ARR in the range of $1.665 billion to $1.670 billion as of January 31, 2025 for fiscal year 2025.

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 2025

Historical avgQ2 2025

-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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