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Get filing alertsUiPath promotes Hitesh Ramani to CFO, adds Yazdi Bagli to board, and reports Q2 revenue up 13%
Filed September 3, 2026 · Period ending September 1, 2026 · ~1 min read
Key Changes
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Hitesh Ramani, previously Deputy CFO and Chief Accounting Officer, is appointed CFO effective September 3, 2026. Ashim Gupta steps down as CFO but remains COO.
Item 5.02 verify on EDGAR → -
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Q2 FY2027 revenue was $410 million, up 13% year-over-year, with ARR of $1.938 billion, up 12%.
Exhibit 99.1 view on EDGAR → -
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The board expanded from seven to eight members and appointed Yazdi Bagli, an IT executive at Kaiser Permanente, as an independent director.
Item 5.02 verify on EDGAR → -
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CEO Daniel Dines' entity adopted a Rule 10b5-1 plan to sell up to 5,000,000 shares through February 1, 2027, representing less than 5% of his holdings.
Item 8.01 verify on EDGAR → -
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Brad Brubaker's role expands to Chief Legal & Administrative Officer while retaining the Chief Legal Officer title.
Item 5.02 verify on EDGAR →
Summary
UiPath announced a series of leadership changes alongside its second quarter fiscal 2027 results. Hitesh Ramani, who has been with the company since 2021 and most recently served as Deputy CFO and Chief Accounting Officer, was promoted to Chief Financial Officer. Ashim Gupta, the outgoing CFO, will continue as Chief Operating Officer, focusing exclusively on day-to-day operations.
The board also expanded from seven to eight members with the appointment of Yazdi Bagli, an IT executive at Kaiser Permanente, as an independent director. Brad Brubaker's role was broadened to Chief Legal & Administrative Officer. Financially, the company reported revenue of $410 million for the quarter, a 13% increase year-over-year, and annualized recurring revenue of $1.938 billion, up 12%.
GAAP operating income was $32 million, a significant improvement from a loss in the prior year. The company also provided guidance for the third quarter and full fiscal year 2027. Separately, an entity controlled by CEO Daniel Dines adopted a Rule 10b5-1 trading plan to sell up to 5 million shares through February 2027. The filing notes this represents less than 5% of his holdings and is part of his personal long-term investment strategy for tax, asset diversification, and liquidity. No red flags were identified in the filing.
Section-by-Section Diff
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
UiPath appoints a new independent director, promotes its Deputy CFO to CFO, and expands its Chief Legal Officer's role.
Added in current filing · verify on EDGAR →
Following the Effective Date, Mr. Ramani, in his role as Chief Financial Officer, will receive a base salary of $470,000 and will be eligible to receive an annual performance-based bonus with a target opportunity of 50% of his base salary. The Company has agreed to grant Mr. Ramani an award of 130,368 restricted stock units (the “RSU Award”).
The new CFO's compensation includes a $470,000 base salary, a 50% target bonus, and a 130,368-share restricted stock unit award. The RSUs vest 16.67% on October 1, 2026, then 8.33% quarterly thereafter, subject to continued service.
Event · Item 8.01 — Other Events
UiPath grants performance stock units to four executives and discloses a CEO 10b5-1 plan to sell up to 5M shares.
Added in current filing · verify on EDGAR →
the Compensation Committee approved the grant of performance stock units (“PSUs”) to certain senior executives of the Company, including 1,125,000, 1,125,000, 525,000, and 300,000 PSUs, to each of Ashim Gupta, Raghu Malpani, Hitesh Ramani, and Brad Brubaker, respectively.
The Compensation Committee granted performance stock units to four senior executives. Each PSU represents a contingent right to receive one share of Class A common stock, subject to two stock price hurdles that must be satisfied by July 31, 2029 and July 31, 2031, respectively, plus service-based vesting requirements under the 2021 Equity Incentive Plan.
Added in current filing · verify on EDGAR →
IceVulcan Investments Ltd., an entity controlled by Daniel Dines, our CEO, founder, and Chairman, adopted, on July 15, 2026, a trading plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act to sell up to 5,000,000 shares of our Class A common stock, through February 1, 2027, subject to limit prices.
An entity controlled by CEO Daniel Dines adopted a Rule 10b5-1 trading plan to sell up to 5,000,000 shares of Class A common stock through February 1, 2027, subject to limit prices. In connection with the plan, Mr. Dines will convert 5,000,000 shares of Class B common stock held by another entity he controls to Class A common stock, which will be transferred to IceVulcan Investments Ltd.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
The shares subject to the trading plan represent less than 5% of Mr. Dines’s holdings and he will continue to remain a significant controlling stockholder of the Company.
The filing states the shares subject to the trading plan represent less than 5% of Mr. Dines's holdings, and he will continue to remain a significant controlling stockholder. The plan is described as part of his personal long-term investment strategy for tax, asset diversification, and liquidity.
Event · Exhibit 99.1
Added in current filing · view on EDGAR →
ARR of $1.938 billion as of July 31, 2026 increased 12 percent year-over-year.
Annualized Renewal Run-rate (ARR) reached $1.938 billion, up 12% year-over-year. Net new ARR for the quarter was $37 million, indicating continued subscription growth.
Added in current filing · view on EDGAR →
GAAP operating income was $32 million.
The company achieved GAAP operating income of $32 million and non-GAAP operating income of $89 million for the quarter. This marks a significant improvement from the prior-year GAAP operating loss of $20.2 million.
Added in current filing · view on EDGAR →
Hitesh Ramani has been promoted to Chief Financial Officer, building on his role as Deputy CFO and Chief Accounting Officer since 2021.
UiPath announced leadership changes: Ashim Gupta will focus exclusively on his Chief Operating Officer role, Hitesh Ramani is promoted to CFO, and Brad Brubaker becomes Chief Legal & Administrative Officer. These changes sharpen accountability across finance, operations, and legal.
Added in current filing · view on EDGAR →
Revenue in the range of $440 million to $445 million
For Q3 FY2027, UiPath expects revenue of $440–445 million, ARR of $1.992–1.997 billion, and non-GAAP operating income of approximately $100 million. For full-year FY2027, it expects revenue of $1.789–1.794 billion, ARR of $2.065–2.070 billion, and non-GAAP operating income of approximately $445 million.
Event · Exhibit 99.2
UiPath announces CFO promotion, COO role focus, new Chief Legal & Administrative Officer, and a new board member.
Added in current filing · view on EDGAR →
Hitesh Ramani Promoted to Chief Financial Officer
Hitesh Ramani, who joined UiPath in 2021 as Chief Accounting Officer and became Deputy CFO in 2024, is promoted to CFO. He will lead the company's global financial and accounting organization.
Added in current filing · view on EDGAR →
Ashim Gupta to Continue as Chief Operating Officer
Ashim Gupta, previously CFO and COO, will retain the COO role and focus exclusively on day-to-day operations. He was CFO from 2019 and took on the additional COO role in 2024.
Added in current filing · view on EDGAR →
Brad Brubaker Named Chief Legal & Administrative Officer
Brad Brubaker's role expands from Chief Legal Officer and General Counsel to Chief Legal & Administrative Officer. He will now also oversee the People Organization, with Chief People Officer Agi Garaba reporting into him.
Added in current filing · view on EDGAR →
UiPath appointed Yazdi Bagli to its Board of Directors, effective today.
Yazdi Bagli, Executive Vice President, IT and Enterprise Business Services at Kaiser Permanente, joins the board. He brings enterprise IT and shared services transformation experience from Kaiser Permanente, Walmart, and Procter & Gamble.
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Figures/quotes linked to EDGAR · Narrative written by AI · Sep 4, 2026 · How we verify