Companies /Technology

UiPath Inc - Class A

NYSE: PATH Software - Infrastructure
$18.14
▼ $0.53 (−2.84%) today
Markets closed · 9:05am ET

Q1 2027 Earnings

Reported May 28, 2026, 4:14pm ET · SEC source
$0.15
Miss −5.48%
EPS · est. $0.16
$418.4M
Beat +5.26%
Revenue · est. $397.5M
−5.1%
Trailing market
PATH vs S&P since report
1 quarter
Consecutive EPS misses

Market Reaction

% change · around the report
−8%−4%0May 28May 29report 4:14pm ETearnings+0.0%+0.4%
−8%−4%0May 28May 29earnings+0.0%+0.4%
PATH +0.4%S&P 500 +0.0%
−8%−4%0May 28May 29report 4:14pm ETearnings+0.3%+0.4%
−8%−4%0May 28May 29earnings+0.3%+0.4%
PATH +0.4%NASDAQ +0.3%
−5%0+5%+10%May 27Jun 5report 4:14pm ETearnings−2.7%−3.5%
−5%0+5%+10%May 27Jun 5earnings−2.7%−3.5%
PATH −3.5%S&P 500 −2.7%
−6%0+6%+12%May 27Jun 5report 4:14pm ETearnings−4.4%−3.5%
−6%0+6%+12%May 27Jun 5earnings−4.4%−3.5%
PATH −3.5%NASDAQ −4.4%
+3.76%
Day of report
+1.21%
Next session
+0.78%
One week
−6.13%
30 days

S&P 500 over the same 30 days: −1.04%.

Did PATH Beat Earnings? Q1 2027 Results

UiPath posted a mixed first quarter of fiscal 2027, delivering a clear revenue beat while falling just short on earnings per share, as the automation software company navigated a period of accelerating AI-driven demand. Revenue climbed 17.3% year-over-year to $418.38 million, ahead of the $397.48 million consensus estimate by 5.26%, though adjusted EPS of $0.15 came in slightly below the $0.16 expectation, a miss of 5.48%. The headline story, however, was a sharp swing to GAAP profitability, with net income reaching $22.52 million compared to a net loss of $22.55 million a year earlier, driven by a meaningful reduction in stock-based compensation to $53.31 million from $76.36 million. Annual recurring revenue grew 12% to $1.90 billion, with the company's agentic AI products progressing from pilots to production deployments. Analysts have held a cautious Hold consensus heading into the print, but UiPath's forward guidance, projecting full-year revenue of $1.78 billion and non-GAAP operating income of roughly $430 million, signals confidence in sustained momentum.

Key Takeaways
  • ARR grew 12% year-over-year to $1.901 billion
  • Net new ARR of $49 million
  • Dollar-based net retention rate of 109%
  • Subscription services revenue grew 16% year-over-year
  • GAAP operating margin improved to 7% from -5% year-over-year
  • Non-GAAP operating margin expanded to 22% from 20%
  • Stock-based compensation expense declined significantly to $53.3 million from $76.4 million

“We delivered a strong start to the fiscal year, with ARR growing 12 percent year-over-year to $1.901 billion.”

UiPath CEO, on the earnings call

Forward Guidance & Outlook

For Q2 FY2027, UiPath expects revenue of $395 million to $400 million, ARR of $1.929 billion to $1.934 billion as of July 31, 2026, and non-GAAP operating income of approximately $75 million. For full year FY2027, the company expects revenue of $1.776 billion to $1.781 billion, ARR of $2.058 billion to $2.063 billion as of January 31, 2027, and non-GAAP operating income of approximately $430 million.

PATH YoY Financials

Q1 2027 vs Q1 2026 · SEC filings Q1 2026 Q1 2027
$0$200.0M$400.0M$356.6M$418.4MRevenue$292.8M$341.5MGross Profit$7.6M$28.0MOperating Income$7.5M$22.5MNet Income
$0$200.0M$400.0MRevenueGross ProfitOperating IncomeNet Income

PATH Revenue by Segment

Subscription Services$252.9M
Licenses$149.3M
Professional Services and Other$16.2M

Figures from SEC filings and company reports. Not investment advice.