UiPath, Inc.
PATHQ3 2025(PATH Q2 FY2026)Derived12% AI
AI Revenue %
12%
AI Fair Value
$549.4M
AI Revenue (Q)
$78.2M
Total Revenue (Q)
$651.4M
Source: SEC EDGAR SEC Filing Filing
View SEC Filing on SEC.govAnalysis
UiPath reported total revenue of $361.7M for Q2 FY2026 (three months ended July 31, 2025). Subscription services revenue grew to $238.4M (65.9% of total), a 22.4% increase YoY and now nearly two-thirds of revenue. License revenue was $112.2M (31.0% of total), flat YoY. The company recorded its first quarterly net income of $1.6M, showing operational improvement. Six-month revenue was $718.4M. The acquired intangible assets (~$21.6M net) from the recent acquisition remain on the balance sheet. Other segment items include stock-based compensation and change in fair value of contingent consideration, confirming the AI-related acquisition. Maintaining 12.0% estimate. ~$43.4M AI revenue / $361.7M total = ~12.0%.
Analyzed by claude-opus-4-6
Quoted Figures
Revenue: Licenses $112,161; Subscription services $238,363; Professional services and other $11,204; Total revenue $361,728 thousand
Condensed Consolidated Statements of Operations, Q2 FY2026
Net income $1,584 thousand for three months ended July 31, 2025
Condensed Consolidated Statements of Operations, Q2 FY2026
(6) Excludes change in fair value of contingent consideration
Notes, Segment Information, Q2 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