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UiPath
🇺🇸 NYSE:PATH
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•
Jan 31, 2024

UiPath Q4 2024 Earnings Report

UiPath's Q4 2024 earnings showcased record quarterly revenue and ARR growth, achieving GAAP profitability and strong cash flow.

Key Takeaways

UiPath reported a strong finish to fiscal year 2024, with Q4 revenue reaching $405 million, a 31% increase year-over-year, and ARR growing by 22% to $1.464 billion. The company achieved its first quarter of GAAP profitability and generated $146 million in cash flow from operations and non-GAAP adjusted free cash flow.

Revenue increased 31% year-over-year to $405 million.

ARR increased 22% year-over-year to $1.464 billion.

GAAP profitability was achieved for the first time as a public company.

Cash flow from operations and non-GAAP adjusted free cash flow reached $146 million.

Total Revenue
$405M
Previous year: $309M
+31.3%
EPS
$0.22
Previous year: $0.15
+46.7%
Annualized Recurring Revenue
$1.46B
Previous year: $1.2B
+21.3%
Gross Profit
$351M
Previous year: $261M
+34.6%
Cash and Equivalents
$1.06B
Previous year: $1.4B
-24.3%
Free Cash Flow
$146M
Previous year: $101M
+44.3%
Total Assets
$2.95B
Previous year: $2.74B
+8.0%

UiPath

UiPath

UiPath Revenue by Segment

Forward Guidance

UiPath provided financial outlook for the first quarter and full year fiscal 2025.

Positive Outlook

  • Q1 2025 revenue is expected to be in the range of $330 million to $335 million.
  • Q1 2025 ARR is expected to be in the range of $1.508 billion to $1.513 billion as of April 30, 2024.
  • Q1 2025 Non-GAAP operating income is expected to be approximately $55 million.
  • FY 2025 revenue is expected to be in the range of $1.555 billion to $1.560 billion.
  • FY 2025 ARR is expected to be in the range of $1.725 billion to $1.730 billion as of January 31, 2025.

Challenges Ahead

  • Reconciliation of non-GAAP operating income guidance to the most directly comparable GAAP measure is not available without unreasonable efforts on a forward-looking basis due to the high variability.
  • Complexity and low visibility with respect to the charges excluded from this non-GAAP measure.
  • Effects of stock-based compensation expense specific to equity compensation awards that are directly impacted by unpredictable fluctuations in our stock price.
  • Variability of the above charges to have a significant, and potentially unpredictable, impact on our future GAAP financial results.
  • Guidance reflects typical seasonal patterns in the business.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

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