NYSE$PATH

UiPath Inc. · Q3 2026 earnings

Q3 2026 earnings · · After market close · Investor relations

Briefing

UiPath posted strong Q3 2026 results with revenue and earnings surpassing expectations.

UiPath delivered a profitable Q3 with significant revenue growth, its first GAAP-profitable third quarter, driven by strong adoption of its agentic automation platform and key partnerships.

  • Revenue reached $411 million, up from $354.7 million the prior year.
  • GAAP net income was $198.8 million, marking a turnaround from a $10.7 million loss last year.
  • Annualized Renewal Run-rate (ARR) hit $1.782 billion.
  • Non-GAAP operating income came in at $87.8 million, reflecting improved execution and cost control.

Headline financials

Total Revenue

$411M

Previous: $355M+15.9%
EPS

$0.37

Previous: -$0.02+1950.0%
Annualized Recurring Revenue

$1.78B

Previous: $1.61B+11.0%
Net New ARR

$59M

No prior period
Net Retention Rate

107.0%

No prior period
GAAP Gross Margin

83.0%

No prior period
Non-GAAP Gross Margin

85.0%

No prior period
Capital Expenditures

-$16M

Previous: -$7.53M-112.4%
Free Cash Flow

$183M

Previous: -$18.2M+1105.4%
Net Income

$199M

Previous: -$10.7M+1966.2%
Operating Income

$13.1M

Previous: -$43.4M+130.1%
Gross Profit

$342M

Previous: $291M+17.7%

Revenue & EPS history

UiPath · Revenue · Quarterly

$411M

Q3 2026+15.9%vs Q3 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 expects continued momentum in Q4 with revenue projected between $462M and $467M, supported by strong customer demand for AI and automation.

Tailwinds

  • Revenue guidance set between $462M and $467M for Q4.
  • ARR expected to increase to $1.844B–$1.849B by fiscal year-end.
  • Non-GAAP operating income guidance of approximately $140M.
  • Continued product innovation in agentic automation and AI orchestration.
  • Expansion of strategic partnerships including Microsoft, OpenAI, and Google.

Headwinds

  • Guidance does not include reconciliation to GAAP due to variability in expenses.
  • Stock-based compensation remains a significant cost factor.
  • Macroeconomic uncertainty could affect customer budgets.
  • Increased competition in automation and AI tooling.
  • Ongoing volatility in share price impacts compensation expenses.

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 2026

Historical avgQ3 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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