Filing Flows › UiPath (PATH) › Q1 FY26
UiPath (PATH) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Jun 3, 2025
UiPath (PATH) reported revenue of $357M for the first quarter fiscal 2026 (Q1 FY26), +6% from a year earlier and -16% from the quarter before. Operating margin was -4.6%, net loss $22.6M (6.3% of revenue).
UiPath, Q1 FY26: revenue $357M (+6% year over year), operating margin -4.6%, net loss $22.6M, operating cash flow $119M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $357M | -16% | +6% |
| Operating profit | −$16.4M | -149% | — |
| Net earnings | −$22.6M | -144% | — |
| Operating cash flow | $119M | -19% | +19% |
| Free cash flow | $106M | -23% | +7% |
What changed
Revenue was $356.6M in Q1 FY26, up 6% year over year and down 16% from the previous quarter. Subscription services was the largest line at 61% of revenue. Subscription services added $32.2M year over year (up 17%), 150% of the total change. Licenses declined 8%.
Gross margin was 82.1%, down 1.4 points from a year earlier. Operating costs exceeded revenue by $16.4M, an operating margin of -4.6%. Operating expenses fell 6% while revenue rose 6%. The fastest-growing cost line was Research & development (+11%). The quarter ended with a net loss of $22.6M, after a profit of $51.8M the previous quarter.
Operating cash flow was $119.0M (up 19% year over year). Non-cash charges added back $3.3M of depreciation and amortization and $76.4M of share-based compensation. Working capital and other items added $61.9M. Capital expenditures of $12.8M left free cash flow of $106.2M.
Questions
What was UiPath's revenue in the first quarter fiscal 2026?
UiPath (PATH) reported revenue of $357M for the first quarter fiscal 2026 (Q1 FY26), +6% from a year earlier and -16% from the quarter before.
Was UiPath profitable in the first quarter fiscal 2026?
Operating loss was $16.4M (-4.6% of revenue) and net loss $22.6M.
Source: UiPath 10-Q on SEC EDGAR.