$PATH (+3.5%) UiPath Inc. reported earnings

Q3 FY2025 results ended on October 31st 2024

- Revenue: $355M, +9% YoY

- ARR: $1.607B, +17% YoY

- GAAP Net Loss: $(10.7M) vs $(31.5M) YoY

- Net new ARR: $56M

CEO Daniel Dines: "Our customers' response to the agentic automation vision and roadmap that we announced at FORWARD has been energizing and reinforces our leading position in the AI-powered automation market."

🌱Revenue & Growth

- License revenue: $137.2M vs $148.1M YoY

- Subscription services: $206.9M, +24% YoY

- Professional services: $10.6M vs $10.3M YoY

- Dollar-based net retention rate: 113%

💰Profits & Financials

- GAAP Gross Margin: 82% vs 85% YoY

- Non-GAAP Gross Margin: 85% vs 87% YoY

- Non-GAAP Operating Income: $50M vs $4.7M YoY

- Cash and investments: $1.6B

📌Business Highlights

- Launched Agent Builder for automation developers

- Integrated with SAP Build Process Automation

- Partnered with Anthropic to integrate Claude 3.5 Sonnet

- Announced partnership with Inflection AI

- Partnered with Indosat to train 100,000 workers in Indonesia

🔮Future Outlook

Q4 FY2025:

- Revenue: $422M-$427M

- ARR: $1.669B-$1.674B

- Non-GAAP Operating Income: ~$100M