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Apr 30, 2022
UiPath Q1 2023 Earnings Report
UiPath's Q1 2023 financial results were released, showcasing revenue and ARR growth.
Key Takeaways
UiPath reported a strong first quarter for fiscal year 2023, exceeding guidance across all metrics. ARR reached $977.1 million, a 50% increase year-over-year, driven by net new ARR of $51.8 million. Revenue grew 32% year-over-year to $245.1 million. The company is raising its full fiscal year 2023 guidance, including an FX headwind offset by growing momentum in the business.
Revenue increased by 32% year-over-year, reaching $245.1 million.
ARR grew by 50% year-over-year, totaling $977.1 million.
Net new ARR amounted to $51.8 million.
Dollar-based net retention rate was 138%.
Revenue by Segment
Forward Guidance
For the fiscal second quarter 2023, UiPath expects revenue in the range of $229 million to $231 million and ARR in the range of $1,040 million to $1,042 million as of July 31, 2022. For the full fiscal year 2023, UiPath expects revenue in the range of $1,085 million to $1,090 million and ARR in the range of $1,220 million to $1,225 million as of January 31, 2023.
Positive Outlook
- UiPath expects revenue in the range of $229 million to $231 million for Q2 2023.
- UiPath expects ARR in the range of $1,040 million to $1,042 million as of July 31, 2022 for Q2 2023.
- UiPath expects revenue in the range of $1,085 million to $1,090 million for fiscal year 2023.
- UiPath expects ARR in the range of $1,220 million to $1,225 million as of January 31, 2023 for fiscal year 2023.
- UiPath anticipates growing momentum in the business.
Challenges Ahead
- UiPath expects Non-GAAP operating loss in the range of $(60) million to $(55) million for the fiscal second quarter 2023.
- UiPath's results are subject to foreign exchange volatility.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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