UiPath, Inc.
PATHQ2 2025(PATH Q1 FY2026)Derived12% AI
AI Revenue %
12%
AI Fair Value
$546.2M
AI Revenue (Q)
$40.2M
Total Revenue (Q)
$335.1M
Source: SEC EDGAR SEC Filing Filing
View SEC Filing on SEC.govAnalysis
UiPath reported total revenue of $356.6M for Q1 FY2026 (three months ended April 30, 2025). Subscription services revenue was $217.3M (60.9% of total), growing 17.4% YoY. License revenue was $128.3M, declining 8.4% YoY. The company accelerated its AI strategy with new acquisitions -- goodwill increased from $87.3M to $121.4M and intangible assets jumped from $7.9M to $24.1M, indicating a meaningful AI-related acquisition. Contingent consideration of $1.8M appeared as a Level 3 liability. The shift from license to subscription revenue supports growing AI/cloud adoption. With deepening AI integration across the platform (agentic automation, enhanced Autopilot, AI-powered process discovery), increasing estimate to 12.0%. ~$42.8M AI revenue / $356.6M total = ~12.0%.
Analyzed by claude-opus-4-6
Quoted Figures
Revenue: Licenses $128,286; Subscription services $217,303; Professional services and other $11,035; Total revenue $356,624 thousand
Condensed Consolidated Statements of Operations, Q1 FY2026
Goodwill $121,371 (up from $87,304 at January 31, 2025)
Condensed Consolidated Balance Sheet, Q1 FY2026
Contingent consideration $1,835 (Level 3 financial liability)
Notes, Fair Value Measurement, Q1 FY2026
AI Products Identified (Ring 1)
IDP (Intelligent Document Processing)Communications MiningDocument UnderstandingAutopilotClipboard AIGenerative AI featuresAgentic automation
AI-Enabled Items (Ring 2 — Not Counted)
These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.
UiPath Studio (RPA development)UiPath OrchestratorUiPath RobotsProcess MiningTask MiningIntegration Service
Confidence Tier
DerivedCalculated from reported segments primarily serving AI