Filing Flows › UiPath (PATH) › Q1 FY27 › vs Q1 FY26
UiPath (PATH) Q1 FY27 vs Q1 FY26 (year over year)
UiPath's revenue rose $61.8M (+17%) from $357M in Q1 FY26 to $418M in Q1 FY27. The biggest changes: Subscription services +$35.6M (+16%); Licenses +$21.0M (+16%); Professional services and other +$5.1M (+47%). Gross margin 81.6% against 82.1% (-0.5 pts).
UiPath, Q1 FY27: revenue $418M (+17% year over year), operating margin 6.7%, net earnings $22.5M, operating cash flow $132M. The chart draws each line against Q1 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q1 FY26 | Change | |
|---|---|---|---|
| Gross margin | 81.6% | 82.1% | -0.5 pts |
| Operating margin | 6.7% | -4.6% | +11.3 pts |
| Net margin | 5.4% | -6.3% | +11.7 pts |
| Free cash flow margin | 30.9% | 29.8% | +1.1 pts |
Every line
| Line | Q1 FY27 | Q1 FY26 | Change | % |
|---|---|---|---|---|
| Subscription services | $253M | $217M | $35.6M | +16% |
| Licenses | $149M | $128M | $21.0M | +16% |
| Professional services and other | $16.2M | $11.0M | $5.1M | +47% |
| Revenue | $418M | $357M | $61.8M | +17% |
| Gross profit | $341M | $293M | $48.7M | +17% |
| Cost of revenue | $76.9M | $63.9M | $13.1M | +20% |
| Other income, net | $13.0M | −$3.3M | $16.3M | — |
| Operating profit | $28.0M | −$16.4M | $44.4M | — |
| Operating expenses | $313M | $309M | $4.3M | +1% |
| Pre-tax earnings | $41.0M | −$19.7M | $60.7M | — |
| Research & development | $92.9M | $94.8M | −$1.9M | -2% |
| Sales & marketing | $168M | $160M | $8.2M | +5% |
| General & admin | $52.7M | $54.7M | −$2.0M | -4% |
| Net earnings | $22.5M | −$22.6M | $45.1M | — |
| Income tax | $18.4M | $2.8M | $15.6M | +552% |
| Depreciation & amortization | $7.5M | $3.3M | $4.3M | +131% |
| Share-based compensation | $53.3M | $76.4M | −$23.1M | -30% |
| Working capital & other | $48.6M | $61.9M | −$13.4M | -22% |
| Operating cash flow | $132M | $119M | $12.9M | +11% |
| Free cash flow (OCF − capex) | $129M | $106M | $23.1M | +22% |
| Capital expenditures | $2.7M | $12.8M | −$10.1M | -79% |
Questions
How much did UiPath's revenue grow year over year in Q1 FY27?
UiPath's revenue rose $61.8M (+17%) from $357M in Q1 FY26 to $418M in Q1 FY27.
What drove UiPath's revenue change in Q1 FY27?
Subscription services +$35.6M (+16%); Licenses +$21.0M (+16%); Professional services and other +$5.1M (+47%).