UiPath Reports Mixed Q1: Earnings Miss, Revenue Beats

by | May 28, 2026 | General

UiPath Inc. (NYSE:PATH) posted mixed first-quarter results after Thursday’s closing bell.  Here’s a look at the details inside the report. 

UiPath Q1 Details     

UiPath reported quarterly earnings of 15 cents per share, which missed the Street estimate of 16 cents, according to Benzinga Pro data.

Quarterly revenue clocked in at $418.38 million, which beat the consensus estimate of $397.81 million by 5.17%.

UiPath reported the following quarterly highlights:   

  • ARR of $1.901 billion as of April 30, 2026, increased 12% year-over-year.
  • Net new ARR of $49 million.
  • Dollar-based net retention rate of 109%.
  • Non-GAAP gross margin was 83%.
  • Non-GAAP operating income was $92 million.
  • Non-GAAP adjusted free cash flow was $130 million.
  • Cash, cash equivalents, and marketable securities were $1.42 billion as of April 30, 2026.

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

“One year into general availability, our agentic products are moving from pilot to production, with customers standardizing on UiPath as the orchestration and automation execution layer for their enterprise AI transformation,” Dines added.


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Looking Ahead

For the second quarter fiscal 2027, UiPath expects:

  • Revenue in the range of $395 million to $400 million, versus the $396.7 million analyst estimate.
  • ARR in the range of $1.929 billion to $1.934 billion as of July 31, 2026.
  • Non-GAAP operating income of approximately $75 million.

PATH Stock Price Activity: According to data from Benzinga Pro, UiPath stock was up 1.04% to $11.70 in Thursday’s extended trading.  

Notably, 36.28% of PATH shares were sold short, according to Benzinga Pro data, heading into the earnings release.

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