NYSE$PATH

UiPath Inc. · Q3 2025 earnings

Q3 2025 earnings · · Investor relations

Briefing

UiPath's Q3 2025 financial performance showed revenue growth and strong ARR, driven by customer adoption of their agentic automation vision.

UiPath reported Q3 fiscal year 2025 results with revenue of $355 million, a 9% increase year-over-year, and ARR of $1.607 billion, a 17% increase year-over-year. The company's GAAP gross margin was 82%, and non-GAAP gross margin was 85%.

  • Revenue increased by 9% year-over-year, reaching $355 million.
  • ARR increased by 17% year-over-year, totaling $1.607 billion.
  • Net new ARR was $56 million.
  • Dollar-based net retention rate was 113%.

Headline financials

Total Revenue

$355M

Previous: $326M+8.8%
EPS

-$0.02

Previous: $0.12-116.7%
Annualized Recurring Revenue

$1.61B

Previous: $1.38B+16.5%
Capital Expenditures

-$7.53M

Previous: -$3.56M-111.7%
Free Cash Flow

-$18.2M

Previous: -$35.1M+48.2%
Net Income

-$10.7M

Previous: -$31.5M+66.2%
Operating Income

-$43.4M

Previous: -$55.8M+22.3%
Gross Profit

$291M

Previous: $276M+5.4%
R&D Expense

$96.8M

Previous: $84.5M+14.5%
Stock-Based Comp

$87.5M

Previous: $95.9M-8.8%

Revenue & EPS history

UiPath · Revenue · Quarterly

$355M

Q3 2025+8.8%vs Q3 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 the fourth quarter fiscal 2025, UiPath expects revenue in the range of $422 million to $427 million and ARR in the range of $1.669 billion to $1.674 billion as of January 31, 2025. They also expect non-GAAP operating income of approximately $100 million.

Tailwinds

  • Revenue is expected to be between $422 million and $427 million.
  • ARR is projected to be in the range of $1.669 billion to $1.674 billion as of January 31, 2025.
  • Non-GAAP operating income is expected to be approximately $100 million.

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 Q3 2025

Historical avgQ3 2025

-2.1%

Avg return

Earnings day

-2.5%

Avg return

5 days after

-7.6%

Avg return

30 days after

40%

10 / 25 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+1.2%+1.0%
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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