NYSE$PATH
UiPath Inc. · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
UiPath's ARR grew, revenue increased, and cost management led to a record non-GAAP operating margin.
UiPath reported a strong Q4 2023 with ARR growing 30% year-over-year to $1.204 billion. Revenue increased by 7% year-over-year to $308.5 million. Disciplined cost management resulted in a record non-GAAP operating margin and positive non-GAAP adjusted free cash flow.
- ARR grew 30% year-over-year reaching $1.204 billion, driven by net new ARR of $94 million.
- Revenue of $308.5 million increased 7% year-over-year.
- GAAP gross margin was 85%, while non-GAAP gross margin was 87%.
- Non-GAAP adjusted free cash flow was $101.2 million.
Headline financials
Revenue & EPS history
UiPath · Revenue · Quarterly
$309M
Revenue by segment
UiPath · $309M total across 3 segments · Q4 2023
- Licenses$159M-8.7%51.5%
- Subscription Services$139M+33.3%44.9%
- Professional Services$11.1M-5.3%3.6%
Forward guidance
UiPath expects for the first quarter fiscal 2024, revenue in the range of $270 million to $272 million and ARR in the range of $1.245 billion to $1.250 billion as of April 30, 2023. For the full year 2024, UiPath expects revenue in the range of $1.253 billion to $1.258 billion and ARR in the range of $1.425 billion to $1.430 billion as of January 31, 2024.
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 Q4 2023
-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
| Quarter | Report date | Reaction (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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