Filing Flows › UiPath (PATH) › Q2 FY27
UiPath (PATH) Q2 FY27 earnings results (second quarter fiscal 2027)
10-Q filed Sep 8, 2026
UiPath (PATH) reported revenue of $410M for the second quarter fiscal 2027 (Q2 FY27), +13% from a year earlier and -2% from the quarter before. Operating margin was 7.7%, net earnings $36.1M (8.8% of revenue).
UiPath, Q2 FY27: revenue $410M (+13% year over year), operating margin 7.7%, net earnings $36.1M, operating cash flow $30.7M. The chart follows the revenue to costs, profit and cash.
| Q2 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $410M | -2% | +13% |
| Gross profit | $330M | -3% | +11% |
| Operating profit | $31.6M | +13% | — |
| Net earnings | $36.1M | +60% | 23× |
| Operating cash flow | $30.7M | -77% | -26% |
| Free cash flow | $29.3M | -77% | -30% |
What changed
Revenue was $410.3M in Q2 FY27, up 13% year over year and down 2% from the previous quarter. Subscription services was the largest line at 65% of revenue. Subscription services added $27.7M year over year (up 12%), 57% of the total change.
Gross margin was 80.4%, down 1.8 points from Q2 FY26. Operating profit was $31.6M, a 7.7% margin (up 13.3 points year over year). Operating expenses fell 6% while revenue rose 13%. Net earnings were $36.1M, up 2178% year over year. The effective tax rate was 31.7%. Non-operating items added $21.3M, 40% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $30.7M (down 26% year over year), 85% of net earnings. Non-cash charges added back $9.0M of depreciation and amortization and $45.0M of share-based compensation. Working capital and other items used $59.4M. Capital expenditures of $1.4M left free cash flow of $29.3M.
Questions
What was UiPath's revenue in the second quarter fiscal 2027?
UiPath (PATH) reported revenue of $410M for the second quarter fiscal 2027 (Q2 FY27), +13% from a year earlier and -2% from the quarter before.
Was UiPath profitable in the second quarter fiscal 2027?
Operating profit was $31.6M (7.7% of revenue) and net earnings $36.1M.
Source: UiPath 10-Q on SEC EDGAR.