UiPath, Inc. (NYSE: PATH), a global leader in agentic automation, announced its financial results for the second quarter of fiscal year 2026, ending July 31, 2025. The company delivered robust growth, exceeding guidance across key metrics, driven by its innovative automation platform and strategic partnerships.
Revenue: $362M, up 14% year-over-year.
ARR: $1.723B, up 11% year-over-year.
Net New ARR: $31M.
Dollar-Based Net Retention Rate: 108%.
Non-GAAP Operating Income: $62M; GAAP operating loss: $(20)M.
Cash Flow: $42M from operations; $45M non-GAAP adjusted free cash flow.
Cash and Equivalents: $1.52B as of July 31, 2025.
UiPath reported revenue of $362 million, a 14% increase from $316 million in Q2 FY2025, reflecting strong demand for its agentic automation platform. Annual recurring revenue (ARR) reached $1.723 billion, up 11% from $1.551 billion in Q2 FY2025. Net new ARR was $31 million, with a dollar-based net retention rate of 108%, indicating solid customer retention and expansion.
GAAP Gross Margin: 82%.
Non-GAAP Gross Margin: 84%.
GAAP Operating Loss: $(20) million.
Non-GAAP Operating Income: $62 million, driven by operational efficiency.
Net cash flow from operations was $42 million, with non-GAAP adjusted free cash flow at $45 million. Cash, cash equivalents, and marketable securities totaled $1.52 billion as of July 31, 2025, providing strong liquidity for future investments.
For Q3 FY2026, UiPath expects:
Revenue: $390M–$395M.
ARR: $1.771B–$1.776B as of October 31, 2025.
Non-GAAP Operating Income: ~$70M.
For full-year FY2026, UiPath projects:
Revenue: $1.571B–$1.576B.
ARR: $1.834B–$1.839B as of January 31, 2026.
Non-GAAP Operating Income: ~$340M.
UiPath notes that non-GAAP operating income guidance excludes stock-based compensation and other variable charges, which are difficult to predict due to stock price fluctuations.
ERP Modernization with Deloitte: UiPath completed its SAP S/4HANA migration, achieving 93% clean core in solution design and 88% across implementation, advancing operational excellence.
Leadership Appointment: Michael Atalla joined as Chief Marketing Officer, bringing over 20 years of experience from F5 and Microsoft to drive UiPath’s agentic AI and orchestration strategy.
Industry Recognition: UiPath was named a Leader in the 2025 Gartner® Magic Quadrant™ for Robotic Process Automation for the seventh consecutive year, recognized for its ability to execute.
Partnership with HCLTech: A new strategic partnership aims to accelerate agentic automation for global enterprises, enabling intelligent, self-sufficient operations.
CEO Daniel Dines emphasized, “Our continued innovation and best-in-class products are enabling customers across industries to move beyond pilots into production deployments, orchestrating agents, robots, and humans to achieve real outcomes.” CFO Ashim Gupta added, “The momentum we’re seeing from customers and partners around our agentic automation platform, combined with our continued focus on operational efficiency, positions us well as we enter the second half of the year.”
UiPath (NYSE: PATH) is a global leader in agentic automation, empowering enterprises to leverage AI agents for autonomous execution and optimization of complex business processes. The UiPath Platform™ combines controlled agency, developer flexibility, and seamless integration, supporting secure and scalable automation solutions.
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