UiPath Reports $356.6 Million Revenue with 6% Year-Over-Year Growth

UiPath, Inc. reported a total revenue of $356.6 million for the three months ended April 30, 2025, marking a 6% increase from $335.1 million in the same period last year. The growth was primarily driven by a 17% rise in subscription services revenue, which reached $217.3 million, while license revenue decreased by 8% to $128.3 million. The company's gross profit for the quarter was $292.8 million, resulting in a gross margin of 82%, slightly down from 83% in the prior year. Despite the increase in revenue, UiPath recorded a net loss of $22.6 million, an improvement from a net loss of $28.7 million in the previous year.

In terms of operational metrics, UiPath's annualized renewal run-rate (ARR) reached $1.69 billion, reflecting a 12% year-over-year increase. The company reported a dollar-based net retention rate of 108%, down from 118% a year earlier, indicating a decline in revenue growth from existing customers. The total number of customers with ARR exceeding $100,000 increased to 2,365, up from 2,092 in the previous year. The company also noted a decrease in its employee headcount, which contributed to a reduction in sales and marketing expenses by 11% to $159.7 million.

Strategically, UiPath completed the acquisition of Peak AI Limited on March 7, 2025, for a total consideration of $40.1 million. This acquisition is expected to enhance UiPath's capabilities in pricing and inventory intelligence technology, particularly in the retail and manufacturing sectors. The company has also been undergoing a workforce restructuring initiative aimed at streamlining operations and prioritizing investments in artificial intelligence and innovation, with the restructuring expected to be completed by July 31, 2025.

On the balance sheet, UiPath reported total assets of $2.64 billion as of April 30, 2025, down from $2.87 billion at the end of January 2025. Cash and cash equivalents decreased to $700.6 million, while marketable securities increased to $854.4 million. The company’s total liabilities were $946.0 million, a decrease from $1.02 billion in January. The stockholders' equity stood at $1.70 billion, down from $1.85 billion at the end of the previous fiscal period.

Looking ahead, UiPath anticipates continued growth in its subscription services and overall revenue, although it acknowledges potential challenges from macroeconomic factors such as inflation and foreign currency fluctuations. The company remains focused on enhancing its platform and expanding its market presence, particularly through strategic acquisitions and product innovations.