UiPath (PATH) investor relations material

Executive summary

• Achieved first full-year GAAP profitability, with strong Q4 and full-year results exceeding guidance and significant non-GAAP operating margin expansion.

• ARR reached $1.853 billion, up 11% year-over-year; Q4 revenue was $481 million, up 14% year-over-year.

• Expanded large customer base to 2,565 customers with $100,000+ ARR and 357 with $1 million+ ARR.

• Accelerated AI product adoption, with nearly $200 million in AI product ARR and 90% of $1M+ ARR customers using AI products.

• Expanded vertical solutions in healthcare and financial services, including the acquisition of WorkFusion.

Financial highlights

• FY26 revenue: $1.611 billion, up 13% year-over-year; Q4 revenue: $481 million, up 14% year-over-year.

• FY26 non-GAAP operating income: $370 million (23% margin); Q4 non-GAAP operating income: $150 million (31% margin).

• FY26 GAAP net income: $282 million; Q4 GAAP net income: $104 million.

• FY26 adjusted free cash flow: $372 million; ended Q4 with $1.7 billion in cash and no debt.

• Completed $1 billion stock repurchase program and authorized an additional $500 million.

Outlook and guidance

• FY27 revenue guidance: $1.754–$1.759 billion; ARR: $2.051–$2.056 billion.

• FY27 non-GAAP operating income: ~$415 million; non-GAAP gross margin: ~84%.

• FY27 adjusted free cash flow: ~$425 million; expected dilution from stock-based compensation: 2–3%.

• Q1 FY27 revenue guidance: $395–$400 million; ARR: $1.894–$1.899 billion.