Filing Flows › UiPath (PATH) › Q1 FY27
UiPath (PATH) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Jun 4, 2026
UiPath (PATH) reported revenue of $418M for the first quarter fiscal 2027 (Q1 FY27), +17% from a year earlier and -13% from the quarter before. Operating margin was 6.7%, net earnings $22.5M (5.4% of revenue).
UiPath, Q1 FY27: revenue $418M (+17% year over year), operating margin 6.7%, net earnings $22.5M, operating cash flow $132M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $418M | -13% | +17% |
| Gross profit | $341M | -16% | +17% |
| Operating profit | $28.0M | -65% | — |
| Net earnings | $22.5M | -78% | — |
| Operating cash flow | $132M | -28% | +11% |
| Free cash flow | $129M | -28% | +22% |
What changed
Revenue was $418.4M in Q1 FY27, up 17% year over year and down 13% from the previous quarter. Subscription services was the largest line at 60% of revenue. Subscription services added $35.6M year over year (up 16%), 58% of the total change.
Gross margin was 81.6%, down 0.5 points from Q1 FY26. Operating profit was $28.0M, a 6.7% margin (up 11.3 points year over year). Operating expenses grew 1% against revenue growth of 17%. Net earnings were $22.5M. The effective tax rate was 45.0%. Non-operating items added $13.0M, 32% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $131.9M (up 11% year over year), 586% of net earnings. Non-cash charges added back $7.5M of depreciation and amortization and $53.3M of share-based compensation. Working capital and other items added $48.6M. Capital expenditures of $2.7M left free cash flow of $129.2M.
Questions
What was UiPath's revenue in the first quarter fiscal 2027?
UiPath (PATH) reported revenue of $418M for the first quarter fiscal 2027 (Q1 FY27), +17% from a year earlier and -13% from the quarter before.
Was UiPath profitable in the first quarter fiscal 2027?
Operating profit was $28.0M (6.7% of revenue) and net earnings $22.5M.
Source: UiPath 10-Q on SEC EDGAR.