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.