$PATH (+3,5ย %) | UiPath Q2 Earnings Highlights:
๐น Adj EPS: $0.04 (Est. $0.03) ๐ข
๐น Revenue: $316M (Est. $303.69M) ๐ข; UP +10% YoY
๐น ARR: $1.551B; UP +19% YoY
Q3 Guidance:
๐น Revenue: $345M - $350M (Est. $347.2M) ๐ก
๐น ARR: $1.60B - $1.605B
๐น Adj Operating Income: $27M
FY2025 Guidance:
๐น Revenue: $1.42B - $1.425B (Est. $1.41B) ๐ก
๐น ARR: $1.665B - $1.670B
๐น Adj Operating Income: $170M
Q2 Financial Highlights:
๐น Net New ARR: $43M
๐น Dollar-Based Net Retention Rate: 115%
๐น GAAP Gross Margin: 80%
๐น Non-GAAP Gross Margin: 83%
๐น Cash Flow from Operations: $46M
๐น Free Cash Flow: $49M
๐น Cash and Cash Equivalents: $1.7B
Key Developments:
๐ธ $500M Stock Repurchase Program: Announced an additional $500M stock buyback, bringing the total repurchase authorization to $554M.
๐ธ Leadership Changes: Ashim Gupta expanded role to Chief Operating Officer alongside his CFO duties.
๐ธ Product Innovation: New platform features launched, including UiPath Autopilot for developers and testers, and AI enhancements for intelligent document processing.
CEO Daniel Dines' Commentary:
๐ธ "We are pleased with our second quarter results, with ARR growing 19% year-over-year. Our AI-powered automation platform continues to drive value for customers, and we remain focused on product innovation, customer-centricity, and operational efficiencies."
CFO Ashim Gupta's Commentary:
๐ธ "Our disciplined decision-making has allowed us to raise profitability guidance for the year, and we are excited about the $500 million expansion of our share repurchase program, demonstrating our confidence in the strategy and long-term shareholder value."