Q1 2025 UiPath Inc Earnings Call Transcript
Key Points
- ARR grew 21% year-over-year to $1.508 billion, driven by net new ARR of $44 million.
- Revenue increased to $335 million, a 16% year-over-year growth.
- UiPath Inc (PATH) expects to generate $300 million of non-GAAP adjusted free cash flow for the full fiscal year 2025.
- Strong customer retention with a dollar-based gross retention rate of 98% and a dollar-based net retention rate of 118%.
- Positive feedback and excitement around new AI innovations, including Autopilot and large language models (LLMs).
- Leadership transition with Rob Enslin leaving the company, which may cause short-term disruption.
- Challenging macroeconomic environment impacting large multiyear deals and mid-market customers.
- Inconsistent execution, including contract execution challenges and sales compensation changes.
- Investments to reaccelerate growth have fallen short of expectations, creating short-term pressure on operating margins.
- Revised second quarter and fiscal 2025 guidance are lower than expected, reflecting ongoing macroeconomic challenges and leadership changes.
Greetings, and welcome to the UiPath First Quarter 2025 Earnings Conference Call.
(Operator Instructions)
As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Ali Fani, Senior Director of Investor Relations. Thank you, Elias. You may begin.
Good afternoon, and thank you for joining us today to review UiPath's First quarter fiscal 2025 financial results, which we announced in our earnings press release issued after the close of the market today. On the call with me are Daniel Dines, UiPath's Founder and Chief Innovation Officer; and Ashim Gupta, Chief Financial Officer, to deliver our prepared comments and answer questions. Our earnings press release and financial supplemental materials are posted on the UiPath Investor Relations website, ir.uipath.com. These materials include GAAP to non-GAAP reconciliations we will be discussing non-GAAP metrics on today's call. This afternoon's call includes forward-looking statements about our ability to drive growth and operational
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