UiPath posts 12% ARR growth as profitability improves

UiPath reported fiscal second-quarter revenue of US$410.3 million, up 13% from a year earlier, while annualised renewal run-rate (ARR) rose 12% to US$1.938 billion, according to Yahoo Finance.

Net new ARR increased to US$37 million from US$31 million a year earlier. Dollar-based net retention reached 109%, indicating 9% net expansion from the comparable existing-customer cohort after contraction and attrition.

Profitability also improved. GAAP operating income was US$31.6 million, compared with a US$20.2 million loss in the prior-year quarter. Company-defined non-GAAP operating income rose to US$89 million from US$62.3 million.

UiPath held US$1.405 billion in cash, cash equivalents and marketable securities at quarter-end. The company forecast full-year ARR of between US$2.065 billion and US$2.070 billion.

The company’s Maestro products are positioned as a control layer connecting AI agents, software robots, systems and employees. UiPath has not disclosed agentic-specific revenue, ARR or consumption figures, leaving it unclear whether adoption is generating additional customer spending or mainly supporting renewals.

Hitesh Ramani was promoted to chief financial officer from deputy CFO and chief accounting officer. Ashim Gupta will focus exclusively on his role as chief operating officer. The effect of the finance leadership transition on forecasting, capital allocation and financial controls remains to be seen.