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December 8 , 2021 UilPath " UiPath Reports Third Quarter Fiscal 2022 Financial Results ARR of $ 818 million increased 58 percent year - over - year driven by record net new ARR of $ 92 million NEW YORK -- ( BUSINESS WIRE ) -- UiPath , Inc. ( NYSE : PATH ) , a leading enterprise automation software company , today announced financial results for its third quarter fiscal 2022 ended October 31 , 2021 . TM " Our continued growth at scale was driven by customers across verticals and geographies who recognize that the power of automation not only increases efficiency , but also drives revenue growth and creates a significant competitive advantage . This increasing awareness of the power of our end - to - end automation platform coupled with strong execution by our team resulted in fiscal third quarter ARR of $ 818 million , an increase of 58 percent year over - year , " said Daniel Dines , UiPath Co - Founder and Chief Executive Officer . " Automation is essential to digital transformation and UiPath is leading the way with our vision to deliver the fully automated enterprise ™ M where companies use automation to unlock creativity and the full potential of every worker . " Ashim Gupta , UiPath Chief Financial Officer , added , “ I am pleased with our third quarter fiscal 2022 results as ARR grew 58 percent and trailing twelve - month revenue grew 57 percent year - over - year , once again demonstrating our market leadership . Looking ahead , we expect that the innovation we are delivering in UiPath 2021.10 , our most recent platform release , coupled with investments in our teams and strategic partnerships will further accelerate customer success and platform adoption . Our focus continues to be on driving long - term , durable growth as we believe that we have the unique opportunity to build a truly multi - generational company . " Third Quarter Fiscal 2022 Financial Highlights ARR of $ 818.4 million increased 58 percent year - over - year . • Net new ARR of $ 91.9 million increased 42 percent year - over - year . • Revenue of $ 220.8 million increased 50 percent year - over - year . • GAAP gross margin was 80 percent . • Non - GAAP gross margin was 85 percent . • Net cash used in operations was $ 25.4 million . • Non - GAAP adjusted free cash flowwas negative $ 7.7 million . • Cash , cash equivalents , and marketable securities were $ 1.9 billion as of October 31 , 2021 . Recent Business Highlights