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PATH logoUiPath Inc.(PATH)Earnings, Financials & Key Ratios

PATH•NYSE
$10.70
$5.99B mkt cap·20.6× P/E·Price updated May 6, 2026
SectorTechnologyIndustryInfrastructure SoftwareSub-IndustryDeveloper tools and automation
AboutUiPath Inc. provides an end-to-end automation platform that offers a range of robotic process automation (RPA) solutions primarily in the United States, Romania, and Japan. The company offers a suite of interrelated software to build, manage, run, engage, measure, and govern automation within the organization. Its platform combines artificial intelligence with desktop recording, back-end mining of both human activity and system logs, and intuitive visualization tools, which enables users to discover, analyze, and identify processes to automate in a centralized portal; offers low-code development environments that allows users in an organization to create attended and unattended automations without any prior knowledge of coding; deploys robots in highly immersive attended experiences or in standalone, unattended modes behind the scenes, and can leverage native connectors built for commonly used line-of-business applications; offers centralized tools designed to manage, test, and deploy automations and ML models across the enterprise; allows customers to manage long running processes that orchestrate work between robots and humans; and enable users to track, measure, and forecast the performance of automation in their enterprise and help businesses ensure compliance with business standards. In addition, the company provides maintenance and support for its software, as well as professional services, such as training and implementation services to facilitate the adoption of its platform. It serves banking, healthcare, financial services, and government entities. UiPath Inc. was founded in 2005 and is headquartered in New York, New York.Show more
  • Revenue$1.61B+12.7%
  • EBITDA$78M+153.6%
  • Net Income$282M+483.1%
  • EPS (Diluted)0.52+500.0%
  • Gross Margin83.17%+0.5%
  • EBITDA Margin4.84%+147.6%
  • Operating Margin3.78%+133.3%
  • Net Margin17.53%+440.1%
  • ROE14.37%+476.6%
  • ROIC3.93%+133.3%
  • Debt/Equity0.03-19.2%
Technical→

PATH Key Insights

UiPath Inc. (PATH) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Strong Piotroski F-Score: 8/9
  • ✓FCF machine: 21.9% free cash flow margin
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Strong 5Y sales CAGR of 21.5%
  • ✓Share count reduced 2.7% through buybacks

✗Weaknesses

  • ✗Weak 3Y average ROE of 2.0%
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

PATH Price & Volume

UiPath Inc. (PATH) stock price & volume — 10-year historical chart

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PATH Growth Metrics

UiPath Inc. (PATH) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years21.53%
3 Years15.01%
TTM12.65%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM483.11%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM500.15%

Return on Capital

10 Years-41.28%
5 Years-13.68%
3 Years-4.1%
Last Year2.81%

PATH Recent Earnings

UiPath Inc. (PATH) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 12/12 qtrs (100%)●Beat Revenue 9/12 qtrs (75%)
Q2 2026Latest
Mar 11, 2026
EPS
$0.30
Est $0.25
+20.0%
Revenue
$481M
Est $465M
+3.5%
Q4 2025
Dec 3, 2025
EPS
$0.16
Est $0.15
+8.7%
Revenue
$411M
Est $393M
+4.7%
Q4 2025
Sep 4, 2025
EPS
$0.15
Est $0.08
+87.5%
Revenue
$362M
Est $390M
-7.3%
Q2 2025
May 29, 2025
EPS
$0.11
Est $0.10
+7.7%
Revenue
$357M
Est $332M
+7.3%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMar 11, 2026
$0.30vs $0.25+20.0%
$481Mvs $465M+3.5%
Q4 2025Dec 3, 2025
$0.16vs $0.15+8.7%
$411Mvs $393M+4.7%
Q4 2025Sep 4, 2025
$0.15vs $0.08+87.5%
$362Mvs $390M-7.3%
Q2 2025May 29, 2025
$0.11vs $0.10+7.7%
$357Mvs $332M+7.3%
Based on last 12 quarters of dataView full earnings history →

PATH Peer Comparison

UiPath Inc. (PATH) competitors in Developer tools and automation — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
APPN logoAPPNAppian CorporationDirect Competitor1.68B22.72113617.81%-1.06%3.54%
PEGA logoPEGAPegasystems Inc.Direct Competitor6.25B36.9517.3516.61%20.04%50.21%7.86%0.10
NICE logoNICENICE Ltd.Direct Competitor7.72B125.0112.828.54%20.78%15.81%9.11%0.04
NOW logoNOWServiceNow, Inc.Direct Competitor95.34B92.0155.1020.88%12.59%14.98%4.8%0.25
MSFT logoMSFTMicrosoft CorporationDirect Competitor3.06T411.3530.1614.93%39.34%33.13%2.34%0.33
IBM logoIBMInternational Business Machines CorporationDirect Competitor214.84B229.0320.507.62%15.61%35.44%5.39%2.05
ORCL logoORCLOracle CorporationProduct Competitor533.17B185.4542.738.38%25.3%56.31%4.96
SAP logoSAPSAP SEProduct Competitor200.87B172.3924.527.68%19.12%15.67%4.64%0.18

Compare PATH vs Peers

UiPath Inc. (PATH) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs APPN

Most directly comparable listed peer for PATH.

Scale Benchmark

vs GOOGL

Larger-name benchmark to compare PATH against a more recognizable public peer.

Peer Set

Compare Top 5

vs APPN, PEGA, NICE, NOW

PATH Income Statement

UiPath Inc. (PATH) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemJan'20Jan'21Jan'22Jan'23Jan'24Jan'25Jan'26
Sales/Revenue336.16M607.64M892.25M1.06B1.31B1.43B1.61B
Revenue Growth %-80.76%46.84%18.64%23.57%9.3%12.65%
Cost of Goods Sold59.41M65.86M168.87M180.05M195.92M246.94M270.98M
COGS % of Revenue17.67%10.84%18.93%17.01%14.98%17.27%16.83%
Gross Profit
276.75M▲ 0%
541.79M▲ 95.8%
723.38M▲ 33.5%
878.53M▲ 21.4%
1.11B▲ 26.6%
1.18B▲ 6.3%
1.34B▲ 13.3%
Gross Margin %82.33%89.16%81.07%82.99%85.02%82.73%83.17%
Gross Profit Growth %-95.77%33.52%21.45%26.59%6.35%13.26%
Operating Expenses794.03M652.11M1.22B1.23B1.28B1.35B1.28B
OpEx % of Revenue236.21%107.32%137.22%115.89%97.61%94.1%79.65%
Selling, General & Admin662.97M542.19M947.67M941.06M944.77M964.61M897.62M
SG&A % of Revenue197.22%89.23%106.21%88.9%72.23%67.47%55.73%
Research & Development131.07M109.92M276.66M285.75M332.1M380.68M385.21M
R&D % of Revenue38.99%18.09%31.01%26.99%25.39%26.63%23.92%
Other Operating Expenses0002.77M000
Operating Income
-517.28M▲ 0%
-110.32M▲ 78.7%
-500.95M▼ 354.1%
-348.28M▲ 30.5%
-164.72M▲ 52.7%
-162.57M▲ 1.3%
60.95M▲ 137.5%
Operating Margin %-153.88%-18.16%-56.14%-32.9%-12.59%-11.37%3.78%
Operating Income Growth %-78.67%-354.07%30.47%52.71%1.31%137.49%
EBITDA-501.6M-90.72M-486.24M-348.28M-142.12M-145.34M77.92M
EBITDA Margin %-149.22%-14.93%-54.5%-32.9%-10.87%-10.17%4.84%
EBITDA Growth %-81.91%-435.97%28.37%59.19%-2.26%153.62%
D&A (Non-Cash Add-back)15.69M19.6M14.71M022.6M17.23M16.97M
EBIT-517.14M-110.32M-500.95M-348.28M-164.72M-162.57M60.95M
Net Interest Income6.74M1.15M3.55M27.95M57.13M49.42M48.02M
Interest Income6.74M1.15M3.55M27.95M57.13M49.42M48.02M
Interest Expense0000000
Other Income/Expense144K15.66M-9.94M30.72M88.91M84.47M39.67M
Pretax Income
-517.14M▲ 0%
-94.66M▲ 81.7%
-510.88M▼ 439.7%
-317.56M▲ 37.8%
-75.81M▲ 76.1%
-78.1M▼ 3.0%
100.63M▲ 228.8%
Pretax Margin %-153.84%-15.58%-57.26%-30%-5.8%-5.46%6.25%
Income Tax2.79M-2.27M14.7M10.79M14.07M-4.41M-181.7M
Effective Tax Rate %-0.54%2.39%-2.88%-3.4%-18.56%5.64%-180.57%
Net Income
-519.93M▲ 0%
-92.39M▲ 82.2%
-525.59M▼ 468.9%
-328.35M▲ 37.5%
-89.88M▲ 72.6%
-73.69M▲ 18.0%
282.33M▲ 483.1%
Net Margin %-154.67%-15.21%-58.91%-31.02%-6.87%-5.15%17.53%
Net Income Growth %-82.23%-468.86%37.53%72.63%18.01%483.11%
Net Income (Continuing)-519.93M-92.39M-525.59M-328.35M-89.88M-73.69M282.33M
Discontinued Operations0000000
Minority Interest0000000
EPS (Diluted)
-1.00▲ 0%
-0.18▲ 82.0%
-0.97▼ 438.9%
-0.60▲ 38.1%
-0.16▲ 73.3%
-0.13▲ 18.8%
0.52▲ 500.0%
EPS Growth %-82%-438.89%38.14%73.33%18.75%500%
EPS (Basic)-1.00-0.18-0.97-0.60-0.16-0.130.52
Diluted Shares Outstanding519.15M519.15M541.23M548.02M563.86M559.93M544.86M
Basic Shares Outstanding519.15M519.15M541.23M548.02M563.86M559.93M538.13M
Dividend Payout Ratio-------

PATH Balance Sheet

UiPath Inc. (PATH) balance sheet — assets, liabilities & shareholders' equity

Line itemJan'20Jan'21Jan'22Jan'23Jan'24Jan'25Jan'26
Total Current Assets400.98M734.43M2.28B2.34B2.58B2.34B2.24B
Cash & Short-Term Investments232.39M460.52M1.87B1.76B1.88B1.63B1.47B
Cash Only232.39M357.69M1.77B1.4B1.06B879.63M871.16M
Short-Term Investments0102.83M96.42M354.77M818.14M750.32M601.33M
Accounts Receivable118.31M217.69M336.89M446.98M523.79M542.27M580.71M
Days Sales Outstanding128.47130.76137.82154.12146.16138.44131.6
Inventory0000000
Days Inventory Outstanding-------
Other Current Assets21.11M17.65M29.93M72.74M88.58M101M190.75M
Total Non-Current Assets107.19M132.03M295.15M390.8M374.35M526.71M935.25M
Property, Plant & Equipment43.58M32.08M66.13M81.1M80.05M99.24M110.49M
Fixed Asset Turnover7.71x18.94x13.49x13.05x16.34x14.41x14.58x
Goodwill25.31M28.06M53.56M88.01M89.03M87.3M125.31M
Intangible Assets11.78M10.19M16.82M23.01M14.7M7.91M19.99M
Long-Term Investments122K019.52M2.94M1.5M130.41M0
Other Non-Current Assets26.52M53.58M128.49M189.84M184.38M173.89M446.07M
Total Assets
508.17M▲ 0%
866.46M▲ 70.5%
2.57B▲ 196.9%
2.74B▲ 6.3%
2.95B▲ 8.0%
2.87B▼ 3.0%
3.18B▲ 11.0%
Asset Turnover0.66x0.70x0.35x0.39x0.44x0.50x0.51x
Asset Growth %-70.51%196.89%6.33%8.03%-3.03%10.96%
Total Current Liabilities238.62M365.16M527.5M626.45M711.69M798.92M905.42M
Accounts Payable4.61M6.68M11.52M8.89M3.45M33.18M10.16M
Days Payables Outstanding28.3137.0324.8918.026.4249.0413.69
Short-Term Debt0000000
Deferred Revenue (Current)000000603.74M
Other Current Liabilities152.22M218.88M345.68M434.55M531.37M604.78M291.52M
Current Ratio1.68x2.01x4.32x3.74x3.63x2.93x2.48x
Quick Ratio1.68x2.01x4.32x3.74x3.63x2.93x2.48x
Cash Conversion Cycle-------
Total Non-Current Liabilities72.67M83.04M123.03M188.6M226.95M220.59M191.19M
Long-Term Debt0000000
Capital Lease Obligations20.39M14.15M49.84M56.44M58.71M74.23M70.94M
Deferred Tax Liabilities0034K338K000
Other Non-Current Liabilities52.28M68.89M4.52M10.46M7.21M10.52M16.68M
Total Liabilities311.29M448.2M650.53M815.05M938.64M1.02B1.1B
Total Debt26.25M20.08M51.4M63.44M67.07M77.82M70.94M
Net Debt-206.13M-337.61M-1.72B-1.34B-994.61M-801.38M-800.22M
Debt / Equity0.13x0.05x0.03x0.03x0.03x0.04x0.03x
Debt / EBITDA------0.91x
Net Debt / EBITDA-------10.27x
Interest Coverage-------
Total Equity
196.88M▲ 0%
418.26M▲ 112.4%
1.92B▲ 359.5%
1.92B▼ 0.1%
2.02B▲ 5.0%
1.85B▼ 8.4%
2.08B▲ 12.8%
Equity Growth %-112.45%359.5%-0.09%5%-8.45%12.83%
Book Value per Share0.380.813.553.503.583.303.82
Total Shareholders' Equity196.88M418.26M1.92B1.92B2.02B1.85B2.08B
Common Stock1K2K5K6K6K6K6K
Retained Earnings-877.97M-970.36M-1.5B-1.82B-1.91B-1.99B-1.71B
Treasury Stock0000-102.61M-494.78M-833.9M
Accumulated OCI6.23M-12.52M10.9M7.61M8.82M-4.89M36.6M
Minority Interest0000000

PATH Cash Flow Statement

UiPath Inc. (PATH) cash flow — operating, investing & free cash flow history

Line itemJan'20Jan'21Jan'22Jan'23Jan'24Jan'25Jan'26
Cash from Operations-359.44M29.18M-54.96M-9.98M299.08M320.56M371.21M
Operating CF Margin %-106.93%4.8%-6.16%-0.94%22.86%22.42%23.05%
Operating CF Growth %-108.12%-288.38%81.84%3096.51%7.18%15.8%
Net Income-519.93M-92.39M-525.59M-328.35M-89.88M-73.69M282.33M
Depreciation & Amortization15.69M19.6M14.71M18.72M22.6M17.23M16.97M
Stock-Based Compensation137.86M86.17M515.58M369.84M371.95M358.15M290.68M
Deferred Taxes-1.32M-7.59M-5.83M861K554K-19.79M-202.68M
Other Non-Cash Items32.4M33.05M52.07M75.63M60.79M80.44M133.12M
Working Capital Changes-24.13M-9.66M-105.9M-146.69M-66.93M-41.77M-149.21M
Change in Receivables-52.15M-76.91M-86.39M-123.78M-78.91M-26.16M-22.59M
Change in Inventory-12.01M-32.49M00000
Change in Payables-14.56M1.89M3.51M-1.57M-5.05M27.86M-21.68M
Cash from Investing-39.51M-125.99M-35.44M-289.14M-439.57M-45.5M-22.47M
Capital Expenditures-20.98M-3.19M-13.06M-23.82M-7.34M-14.92M-19.05M
CapEx % of Revenue6.24%0.53%1.46%2.25%0.56%1.04%1.18%
Acquisitions-18.52M-19.69M-5.5M-29.54M0-5.57M-24.82M
Investments-------
Other Investing0-1.24M01.2M2.75M5.57M-15.35M
Cash from Financing457.76M250.42M1.47B-60.67M-196.9M-450.51M-372.38M
Debt Issued (Net)0000000
Equity Issued (Net)1000K1000K1000K1000K-1000K-1000K-1000K
Dividends Paid0000000
Share Repurchases-128.84M00-1.49M-102.61M-390.75M-329.1M
Other Financing3.01M-808K27.3M-82.58M-94.28M-83.4M-59.19M
Net Change in Cash
62.01M▲ 0%
137.06M▲ 121.0%
1.4B▲ 919.7%
-366.6M▼ 126.2%
-340M▲ 7.3%
-182.48M▲ 46.3%
-8.04M▲ 95.6%
Free Cash Flow
-380.42M▲ 0%
25.98M▲ 106.8%
-68.02M▼ 361.8%
-33.8M▲ 50.3%
291.74M▲ 963.2%
305.64M▲ 4.8%
352.16M▲ 15.2%
FCF Margin %-113.17%4.28%-7.62%-3.19%22.3%21.38%21.87%
FCF Growth %-106.83%-361.79%50.32%963.24%4.77%15.22%
FCF per Share-0.730.05-0.13-0.060.520.550.65
FCF Conversion (FCF/Net Income)0.69x-0.32x0.10x0.03x-3.33x-4.35x1.31x
Interest Paid96K1.71M691K651K563K309K0
Taxes Paid3.52M4.51M8.45M21M10.82M16.71M0

PATH Key Ratios

UiPath Inc. (PATH) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric2020202120222023202420252026
Return on Equity (ROE)-264.09%-30.04%-44.92%-17.09%-4.57%-3.82%14.37%
Return on Invested Capital (ROIC)--231.79%-263.43%-66.46%-15.42%-11.81%3.93%
Gross Margin82.33%89.16%81.07%82.99%85.02%82.73%83.17%
Net Margin-154.67%-15.21%-58.91%-31.02%-6.87%-5.15%17.53%
Debt / Equity0.13x0.05x0.03x0.03x0.03x0.04x0.03x
FCF Conversion0.69x-0.32x0.10x0.03x-3.33x-4.35x1.31x
Revenue Growth-80.76%46.84%18.64%23.57%9.3%12.65%

PATH SEC Filings & Documents

UiPath Inc. (PATH) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Mar 25, 2026·SEC

Material company update

Mar 11, 2026·SEC

Material company update

Dec 3, 2025·SEC

10-K Annual Reports

2
FY 2026

Mar 25, 2026·SEC

FY 2025

Mar 24, 2025·SEC

10-Q Quarterly Reports

4
FY 2025

Dec 8, 2025·SEC

FY 2025

Sep 8, 2025·SEC

FY 2025

Jun 3, 2025·SEC

PATH Frequently Asked Questions

UiPath Inc. (PATH) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

UiPath Inc. (PATH) reported $1.61B in revenue for fiscal year 2026. This represents a 379% increase from $336.2M in 2020.

UiPath Inc. (PATH) grew revenue by 12.7% over the past year. This is steady growth.

Yes, UiPath Inc. (PATH) is profitable, generating $282.3M in net income for fiscal year 2026 (17.5% net margin).

Dividend & Returns

UiPath Inc. (PATH) has a return on equity (ROE) of 14.4%. This is reasonable for most industries.

UiPath Inc. (PATH) generated $352.2M in free cash flow for fiscal year 2026. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Explore More PATH

UiPath Inc. (PATH) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

→

Dividend History

Yield, growth, payout safety & DRIP

→

Earnings History

EPS trends, net income & profitability

→

Price History

Long-term charts & historical price data

→

Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

→
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