UiPath Inc. (PATH) reported its fiscal fourth-quarter results on [Insert Date], exceeding its guidance across major financial metrics. The company generated revenues of $481 million, marking a 14% increase year-over-year. For the full fiscal year, revenues totaled $1.611 billion, a 13% rise from the previous year. Annual recurring revenues (ARR) reached $1.853 billion in Q4, with $70 million added in net new ARR during the period.
Notably, UiPath achieved full-year GAAP profitability for the first time, posting a GAAP net income of $104 million in the fourth quarter and $282 million for the full year. The company improved its non-GAAP operating income to $150 million in Q4, resulting in a 31% operating margin. With around $1.7 billion in cash and a debt-free balance sheet, UiPath also completed a $1 billion share buyback program during the quarter.
Looking forward, UiPath anticipates revenue in the range of $1.754 billion to $1.759 billion for fiscal year 2027, alongside a projected ARR of $2.051 billion to $2.056 billion and non-GAAP operating income of approximately $415 million. Management has indicated increased confidence in the scalability of its operating model, projecting a non-GAAP operating margin target of 30% in the long run.
