UiPath, Inc. (PATH), an agentic automation software firm, reported a profit in its third quarter, compared to prior year's loss, with strong growth in revenues and Annualized renewal run-rate or ARR. The company also issued fourth-quarter outlook, expecting sequentially higher revenues and ARR.
In the overnight trading, the shares were gaining around 10.3 percent to trade at $16.39, after closing 4% higher on Wednesday's regular trading.
Daniel Dines, UiPath Founder and Chief Executive Officer, said, "Enterprises are accelerating their AI and automation strategies, and they're looking for a unified platform rather than standalone tools. Our ability to bring deterministic automation, agentic automation, and orchestration together in one trusted, governed system is a true differentiator. It's delivering meaningful outcomes for customers and positions us well as we close out the year."
Looking ahead for the fourth quarter, UiPath expects non-GAAP operating income of approximately $140 million, revenue in the range of $462 million to $467 million
The Wall Street analysts on average expect the company to report revenues of $463.31 million. Analysts' estimates typically exclude special items.
ARR is expected in the range of $1.844 billion to $1.849 billion as of January 31, 2026.
In the third quarter, the company's net income was $198.84 million or $0.37 per share, compared to prior year's loss of $10.66 million or $0.02 per share.
Revenue of $411.11 million increased 16 percent from $354.65 million a year ago.
ARR grew 11 percent year-over-year to $1.782 billion as of October 31. Net new ARR was $59 million.
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