Earnings update – UiPath (PATH)
Excellent results all around, a lot of growth initiatives from new products and partnerships, the emphasis on execution and profitability was appreciated. The 20% cash flow margin for FY2025 is impressive.They seem to be walking the talk.
Q4 – FY 2024
- Non-GAAP EPS of $0.22 beats by $0.06.
- Revenue of $405.25M (+31.4% Y/Y) beats by $21.56M.
- Achieves first quarter of GAAP profitability as a public company
Full Year Fiscal 2024 Financial Highlights
- Revenue of $1.308 billion increased 24 percent year-over-year.
- Net new ARR of $260 million.
- GAAP gross margin was 85 percent.
- Non-GAAP gross margin was 87 percent.
- GAAP operating loss was $(165) million.
- Non-GAAP operating income was $233 million.
- Net cash flow from operations was $299 million.
- Non-GAAP adjusted free cash flow was $309 million.
2025 Outlook:
- Revenue in the range of $1.555 billion to $1.560 billion, better than 1.550 expected.
- ARR in the range of $1.725 billion to $1.730 billion as of January 31, 2025
- Non-GAAP operating income of approximately $295 million – 18% margin.
- Full Year Non-GAAP cash flow should be around 20% of revenues $310Mn