Q1 2026 UiPath Inc Earnings Call Transcript
Key Points
- UiPath Inc (PATH) reported strong first-quarter financial performance, with revenue of $357 million and an ARR of $1.693 billion, marking a 12% year-over-year increase.
- The company achieved a significant improvement in GAAP operating loss, reducing it to $16 million from $49 million in the prior year, and reported a non-GAAP operating income of $70 million, representing a 20% margin.
- UiPath Inc (PATH) launched its agentic automation platform, which has been well-received, with customers creating thousands of autonomous agents and generating over 250,000 agent runs.
- The company has a strong partner ecosystem, with over 40 partners completing the agentic fast-track program, enhancing customer engagement and adoption.
- UiPath Inc (PATH) maintains a healthy balance sheet with $1.6 billion in cash, cash equivalents, and marketable securities, and no debt, allowing for strategic investments and share repurchases.
- Despite the positive financial performance, the macroeconomic environment remains variable, leading to cautious guidance for the remainder of the fiscal year.
- The adoption of the newly launched agentic solutions is still in its early phases, and no material revenue contribution is expected in fiscal 2026.
- UiPath Inc (PATH) experienced a slight decline in its dollar-based net retention rate to 108%, indicating some pressure on customer retention.
- The US federal business is still in transition, with continued pressure on new budgets being finalized, affecting growth in this segment.
- The company faces competition in the agentic orchestration market, requiring differentiation through unique offerings like Maestro, which integrates agents, robots, and people.
Greetings, and welcome to the new UiPath first-quarter 2026 earnings conference call. (Operator Instructions) As a reminder, this conference is being recorded.
It is now my pleasure to introduce you to your host, Allise Furlani, Vice President of Investor Relations. Thank you, Allise, you may begin.
Good afternoon, and thank you for joining us today to review UiPath's first quarter fiscal 2026 financial results, which we announced in our earnings press release issued after the close of the market today. On the call me with me are Daniel Dines, Founder and Chief Executive Officer; and Ashism Gupta, Chief Operating and Financial Officer, to deliver our prepared comments and answer questions.
Our earnings release and financial supplemental materials are posted on the UiPath's 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 call includes forward
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