UiPath pivots to agentic AI, posts first profit on $205M tax benefit; ARR growth slows to 11%

Filed March 25, 2026 · Period ending January 31, 2026 · Compared to 10-K Mar 24, 2025 · ~2 min read

Key Changes

• high

  Company released $205M U.S. deferred tax asset valuation allowance, driving $282M net income vs. $74M loss prior year. Operating income improved to $57M from $(163)M loss, but headline profit is largely a one-time tax event.

  Notes: Income Taxes verify on EDGAR →
• high

  ARR growth decelerated from 14% to 11%, and dollar-based net retention fell from 110% to 107%, signaling slower expansion within existing customer base despite 13% revenue growth acceleration.

  MD&A: Key Metrics verify on EDGAR →
• high

  UiPath repositioned from automation platform to 'agentic automation' leader, introducing UiPath Maestro orchestration layer and Enterprise Agent Builder for autonomous AI agents. Acquired WorkFusion ($149M) for financial crimes compliance agents.

  Business: Platform & Acquisitions verify on EDGAR →