UiPath Inc. (PATH) soared 35% to reach a new all-time high following a robust third-quarter report that exceeded expectations across revenue, profitability, and customer growth metrics.
- UiPath (PATH) shares rose 35% to a record high of $72.40
- Q3 revenue reached $442 million, up 22% year-over-year
- Annual Recurring Revenue (ARR) hit $1.16 billion
- Non-GAAP net income rose 52% to $87 million
- New customer acquisitions grew 38% year-over-year
- Customer retention rate remained at 93%
UiPath Inc. (PATH) achieved a milestone with its stock climbing 35% to a record closing price of $72.40, driven by a standout third-quarter financial performance. The automation software leader reported revenue of $442 million, surpassing analyst forecasts by 8% and marking a 22% year-over-year increase. This growth was fueled by a 38% year-over-year surge in new customer acquisitions and a 25% expansion in annual recurring revenue (ARR), which reached $1.16 billion. The company also delivered non-GAAP net income of $87 million, a 52% improvement from the same quarter last year, reflecting significant progress in operational efficiency and margin expansion. The strong results underscore UiPath’s ability to scale its enterprise automation platform amid increasing demand for digital transformation. The company added 125 new enterprise customers during the quarter, including multiple Fortune 500 firms, and reported a 93% customer retention rate, signaling high product stickiness and satisfaction. Additionally, UiPath’s AI-powered automation tools saw a 60% increase in usage, indicating growing adoption of intelligent automation across industries such as financial services, healthcare, and manufacturing. The market reacted favorably, with analysts upgrading their ratings on PATH stock, citing improved visibility into long-term growth and a stronger competitive position in the RPA (Robotic Process Automation) space. Institutional investors increased their holdings by 14% in the quarter, according to public filings, reflecting confidence in the company’s execution and strategic direction.