Q: What is UiPath(PATH) 2026Q3 Earnings Summary?
**Bullish Points:**
1. **Revenue Growth:**
- Total revenue increased by 16% year-over-year to $411.1 million for the three months ended October 31, 2025.
- Total revenue increased by 12% year-over-year to $1,129.5 million for the nine months ended October 31, 2025.
- Subscription services revenue increased by 20% year-over-year for both the three and nine months ended October 31, 2025.
2. **Net Profit:**
- Net income of $198.8 million for the three months ended October 31, 2025, compared to a net loss of $10.7 million for the same period in 2024.
- Net income of $177.9 million for the nine months ended October 31, 2025, compared to a net loss of $125.5 million for the same period in 2024.
3. **Operating Costs:**
- Total operating expenses decreased by 1.5% year-over-year for the three months ended October 31, 2025.
- Total operating expenses decreased by 6.3% year-over-year for the nine months ended October 31, 2025.
4. **Gross Margin:**
- Gross margin improved to 83% for both the three and nine months ended October 31, 2025, compared to 82% for the same periods in 2024.
5. **Cash Flow:**
- Cash flow from operations increased to $188.9 million for the nine months ended October 31, 2025, from $174.5 million for the same period in 2024.
6. **Stock Repurchase:**
- The company repurchased 30.2 million shares of Class A common stock at an average price of $10.87 per share during the nine months ended October 31, 2025.
7. **Income Taxes:**
- Significant benefit from income taxes, with $174.2 million for the three months ended October 31, 2025, and $169.7 million for the nine months ended October 31, 2025.
8. **Management Analysis:**
- Completion of Fiscal Year 2025 Workforce Restructuring aimed at streamlining the organization and focusing on AI and innovation.
**Bearish Points:**
1. **Cash and Cash Equivalents:**
- Cash and cash equivalents, restricted cash, and marketable securities decreased to $1,520.2 million as of October 31, 2025, from $1,724.1 million as of January 31, 2025.
2. **Deferred Revenue:**
- Deferred revenue as of October 31, 2025, was $1,264.6 million, indicating potential future obligations.
3. **Foreign Currency Impact:**
- Net foreign currency transaction losses of $6.5 million for the nine months ended October 31, 2025.
**Summary:**
UiPath (PATH) has shown strong financial performance with significant revenue growth, a return to profitability, and improved operating efficiency. The company has also benefited from substantial tax benefits and has actively repurchased shares, which could be seen as a positive signal to investors. However, the decrease in cash and cash equivalents and the impact of foreign currency losses are areas to monitor. Overall, the financial report indicates a positive outlook for UiPath, with a focus on innovation and efficiency.
For more information, you can read the original text of UiPath's financial report.
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