UiPath Q1 FY27 Revenue Up 17% to $418M with First GAAP Profit
PATH•UiPath posted Q1 FY27 revenue of $418M, up 17% year-over-year, with ARR of $1.901B, up 12%, and delivered its first GAAP operating profit of $28M on an 83% gross margin. Cash and marketable securities reached $1.4B, free cash flow hit $130M.
1. Q1 Financial Performance
UiPath delivered Q1 FY27 revenue of $418 million, a 17% increase year-over-year, driven by strong enterprise demand. Annual recurring revenue rose 12% to $1.901 billion, underpinned by $49 million in net new ARR and a remaining performance obligations backlog of $1.413 billion, up 15%.
2. Profitability and Cash Position
The company achieved its first GAAP operating profit of $28 million, alongside non-GAAP operating income of $92 million, representing a 22% margin. Free cash flow was $130 million, and cash plus marketable securities totaled $1.4 billion, with zero debt on the balance sheet.
3. Customer Metrics and Retention
Dollar-based net retention stood at 109% and gross retention at 97%, reflecting strong customer expansion. The count of customers with over $100,000 ARR grew 11% to 2,624, while those exceeding $1 million ARR rose 18% to 374, highlighting upsell momentum.
4. Guidance Outlook
Management projected Q2 FY27 revenue of $395 million to $400 million and full-year revenue of $1.776 billion to $1.781 billion. The outlook assumes continued growth despite variable macroeconomic conditions and potential FX headwinds.
