Filing Flows › UiPath (PATH) › Q3 FY26
UiPath (PATH) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Dec 8, 2025
UiPath (PATH) reported revenue of $411M for the third quarter fiscal 2026 (Q3 FY26), +16% from a year earlier and +14% from the quarter before. Operating margin was 3.2%, net earnings $199M (48.4% of revenue).
UiPath, Q3 FY26: revenue $411M (+16% year over year), operating margin 3.2%, net earnings $199M, operating cash flow $28.3M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $411M | +14% | +16% |
| Gross profit | $342M | +15% | +18% |
| Operating profit | $13.1M | — | — |
| Net earnings | $199M | 126× | — |
| Operating cash flow | $28.3M | -32% | +0.7% |
| Free cash flow | $25.1M | -40% | +8% |
What changed
Revenue was $411.1M in Q3 FY26, up 16% year over year and up 14% from the previous quarter. Subscription services was the largest line at 60% of revenue. Subscription services added $40.7M year over year (up 20%), 72% of the total change.
Gross margin was 83.3%, up 1.2 points from a year earlier. Operating profit was $13.1M, a 3.2% margin (up 15.4 points year over year). Operating expenses fell 2% while revenue rose 16%. Net earnings were $198.8M. The tax line was a benefit of $174.2M on pre-tax earnings of $24.6M. Non-operating items added $11.5M, 47% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $28.3M (up 1% year over year), 14% of net earnings. Non-cash charges added back $4.5M of depreciation and amortization and $71.5M of share-based compensation. Working capital and other items used $246.6M. Capital expenditures of $3.2M left free cash flow of $25.1M.
Questions
What was UiPath's revenue in the third quarter fiscal 2026?
UiPath (PATH) reported revenue of $411M for the third quarter fiscal 2026 (Q3 FY26), +16% from a year earlier and +14% from the quarter before.
Was UiPath profitable in the third quarter fiscal 2026?
Operating profit was $13.1M (3.2% of revenue) and net earnings $199M.
Source: UiPath 10-Q on SEC EDGAR.