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PATHUiPath Inc.
$10.27$5.5B
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PATH logoUiPath Inc.(PATH)Earnings, Financials & Key Ratios

PATH•NYSE
19.8× P/E·Price updated Jun 19, 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 Margin82.98%+0.3%
  • EBITDA Margin4.84%+147.6%
  • Operating Margin3.78%+133.3%
  • Net Margin17.53%+440.1%
  • ROE14.37%+476.6%

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.

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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%
TTM15.24%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM584.96%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM597.85%

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 11/12 qtrs (92%)●Beat Revenue 9/12 qtrs (75%)
Q2 2026Latest
May 28, 2026
Metric
Actual
Est
EPS
$0.15-5.9%
$0.16
Rev
$418M+5.2%
$398M
Q2 2026
Mar 11, 2026
Metric
Actual
Est
EPS
$0.30+20.0%
$0.25
Rev
$481M+3.5%
$465M
Q4 2025
Dec 3, 2025
Metric
Actual
Est
EPS
$0.16+8.7%
$0.15
Rev
$411M+4.7%
$393M
Q4 2025
Sep 4, 2025
Metric
Actual
Est
EPS
$0.15+87.5%
$0.08
Rev
$362M-7.3%
$390M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 28, 2026
$0.15vs $0.16-5.9%
$418Mvs $398M+5.2%
Q2 2026Mar 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%
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
Institutional Holdings
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
APPN logoAPPNAppian CorporationDirect Competitor1.55B20.951269.7017.81%0.12%
PEGA logoPEGAPegasystems Inc.Direct Competitor5.09B30.0914.1316.61%20.04%50.21%0.10
NICE logoNICENICE Ltd.Direct Competitor5.13B84.688.767.68%17.58%13.98%0.04
NOW logoNOWServiceNow, Inc.Direct Competitor98.48B95.0456.9120.88%12.59%14.98%0.25
MSFT logoMSFTMicrosoft CorporationDirect Competitor2.82T379.4027.8214.93%39.34%33.13%0.33
IBM logoIBMInternational Business Machines CorporationDirect Competitor233.66B249.1022.307.62%15.61%35.44%2.05
ORCL logoORCLOracle CorporationProduct Competitor530.08B184.3131.6117.35%25.37%49.81%3.63
SAP logoSAPSAP SEProduct Competitor180.87B155.2222.517.68%19.12%15.67%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
MetricJan'20Jan'21Jan'22Jan'23Jan'24Jan'25Jan'26TTM
Sales/Revenue
336.16M607.64M892.25M1.06B1.31B1.43B1.61B1.67B
Revenue Growth %
-80.76%46.84%18.64%23.57%9.3%12.65%15.24%
Cost of Goods Sold
59.41M65.86M168.87M180.05M195.92M246.94M274.13M284.93M
COGS % of Revenue
17.67%10.84%18.93%17.01%14.98%17.27%17.02%-
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▲ 13.0%
1.39B▲ 0%
Gross Margin %
82.33%89.16%81.07%82.99%85.02%82.73%82.98%82.96%
Gross Profit Growth %
-95.77%33.52%21.45%26.59%6.35%13%-
Operating Expenses
794.03M652.11M1.22B1.23B1.28B1.35B1.28B1.28B
OpEx % of Revenue
236.21%107.32%137.22%115.89%97.61%94.1%79.19%-
Selling, General & Admin
662.97M542.19M947.67M941.06M944.77M964.61M890.23M903.85M
SG&A % of Revenue
197.22%89.23%106.21%88.9%72.23%67.47%55.27%-
Research & Development
131.07M109.92M276.66M285.75M332.1M380.68M385.26M383.27M
R&D % of Revenue
38.99%18.09%31.01%26.99%25.39%26.63%23.92%-
Other Operating Expenses
0002.77M0000
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%
103.59M▲ 0%
Operating Margin %
-153.88%-18.16%-56.14%-32.9%-12.59%-11.37%3.78%6.19%
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-145.34M77.92M124.82M
EBITDA Margin %
-149.22%-14.93%-54.5%-32.9%-10.87%-10.17%4.84%7.46%
EBITDA Growth %
-81.91%-435.97%28.37%59.19%-2.26%153.62%209.55%
D&A (Non-Cash Add-back)
15.69M19.6M14.71M022.6M17.23M16.97M21.23M
EBIT
-517.14M-110.32M-500.95M-348.28M-164.72M-162.57M60.95M104.71M
Net Interest Income
6.74M1.15M3.55M27.95M57.13M49.42M48.02M45.78M
Interest Income
6.74M1.15M3.55M27.95M57.13M49.42M48.02M45.78M
Interest Expense
00000000
Other Income/Expense
144K15.66M-9.94M30.72M88.91M84.47M39.67M57.73M
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%
161.32M▲ 0%
Pretax Margin %
-153.84%-15.58%-57.26%-30%-5.8%-5.46%6.25%9.65%
Income Tax
2.79M-2.27M14.7M10.79M14.07M-4.41M-181.7M-166.09M
Effective Tax Rate %
-0.54%2.39%-2.88%-3.4%-18.56%5.64%-180.57%-102.95%
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%
327.41M▲ 0%
Net Margin %
-154.67%-15.21%-58.91%-31.02%-6.87%-5.15%17.53%19.58%
Net Income Growth %
-82.23%-468.86%37.53%72.63%18.01%483.11%584.96%
Net Income (Continuing)
-519.93M-92.39M-525.59M-328.35M-89.88M-73.69M282.33M327.41M
Discontinued Operations
00000000
Minority Interest
00000000
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%
0.62▲ 0%
EPS Growth %
-82%-438.89%38.14%73.33%18.75%500%597.85%
EPS (Basic)
-1.00-0.18-0.97-0.60-0.16-0.130.52-
Diluted Shares Outstanding
519.15M519.15M541.23M548.02M563.86M559.93M544.86M527.82M
Basic Shares Outstanding
519.15M519.15M541.23M548.02M563.86M559.93M538.13M523.58M
Dividend Payout Ratio
--------

PATH Balance Sheet

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

MetricJan'20Jan'21Jan'22Jan'23Jan'24Jan'25Jan'26TTM
Total Current Assets
400.98M734.43M2.28B2.34B2.58B2.34B2.24B1.83B
Cash & Short-Term Investments
232.39M460.52M1.87B1.76B1.88B1.63B1.47B1.31B
Cash Only
232.39M357.69M1.77B1.4B1.06B879.63M871.16M633.67M
Short-Term Investments
0102.83M96.42M354.77M818.14M750.32M601.33M675.05M
Accounts Receivable
118.31M217.69M336.89M446.98M523.79M542.27M580.71M410.23M
Days Sales Outstanding
128.47130.76137.82154.12146.16138.44131.6102.37
Inventory
00000000
Days Inventory Outstanding
--------
Other Current Assets
21.11M17.65M29.93M72.74M88.58M101M190.75M112.78M
Total Non-Current Assets
107.19M132.03M295.15M390.8M374.35M526.71M935.25M1.07B
Property, Plant & Equipment
43.58M32.08M66.13M81.1M80.05M99.24M110.49M112M
Fixed Asset Turnover
7.71x18.94x13.49x13.05x16.34x14.41x14.58x15.22x
Goodwill
25.31M28.06M53.56M88.01M89.03M87.3M125.31M185.69M
Intangible Assets
11.78M10.19M16.82M23.01M14.7M7.91M19.99M100.12M
Long-Term Investments
122K019.52M2.94M1.5M130.41M0315.55M
Other Non-Current Assets
26.52M53.58M128.49M189.84M184.38M173.89M446.07M314.19M
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%
2.9B▲ 0%
Asset Turnover
0.66x0.70x0.35x0.39x0.44x0.50x0.51x0.58x
Asset Growth %
-70.51%196.89%6.33%8.03%-3.03%10.96%25.5%
Total Current Liabilities
238.62M365.16M527.5M626.45M711.69M798.92M905.42M831.67M
Accounts Payable
4.61M6.68M11.52M8.89M3.45M33.18M10.16M19.7M
Days Payables Outstanding
28.3137.0324.8918.026.4249.0413.5320.46
Short-Term Debt
00000000
Deferred Revenue (Current)
000000603.74M2.22B
Other Current Liabilities
152.22M218.88M345.68M434.55M531.37M604.78M291.52M178.69M
Current Ratio
1.68x2.01x4.32x3.74x3.63x2.93x2.48x2.20x
Quick Ratio
1.68x2.01x4.32x3.74x3.63x2.93x2.48x2.20x
Cash Conversion Cycle
-------81.91
Total Non-Current Liabilities
72.67M83.04M123.03M188.6M226.95M220.59M191.19M170.07M
Long-Term Debt
00000000
Capital Lease Obligations
20.39M14.15M49.84M56.44M58.71M74.23M70.94M287.57M
Deferred Tax Liabilities
0034K338K0000
Other Non-Current Liabilities
52.28M68.89M4.52M10.46M7.21M10.52M16.68M11.9M
Total Liabilities
311.29M448.2M650.53M815.05M938.64M1.02B1.1B1B
Total Debt
26.25M20.08M51.4M63.44M67.07M77.82M70.94M71.99M
Net Debt
-206.13M-337.61M-1.72B-1.34B-994.61M-801.38M-800.22M-561.68M
Debt / Equity
0.13x0.05x0.03x0.03x0.03x0.04x0.03x0.04x
Debt / EBITDA
------0.91x0.58x
Net Debt / EBITDA
-------10.27x-4.50x
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%
1.9B▲ 0%
Equity Growth %
-112.45%359.5%-0.09%5%-8.45%12.83%26.85%
Book Value per Share
0.380.813.553.503.583.303.823.61
Total Shareholders' Equity
196.88M418.26M1.92B1.92B2.02B1.85B2.08B1.9B
Common Stock
1K2K5K6K6K6K6K6K
Retained Earnings
-877.97M-970.36M-1.5B-1.82B-1.91B-1.99B-1.71B-1.68B
Treasury Stock
0000-102.61M-494.78M-833.9M-1.07B
Accumulated OCI
6.23M-12.52M10.9M7.61M8.82M-4.89M36.6M27.37M
Minority Interest
00000000

PATH Cash Flow Statement

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

MetricJan'20Jan'21Jan'22Jan'23Jan'24Jan'25Jan'26TTM
Cash from Operations
-359.44M29.18M-54.96M-9.98M299.08M320.56M371.21M384.13M
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%26.08%
Net Income
-519.93M-92.39M-525.59M-328.35M-89.88M-73.69M282.33M327.41M
Depreciation & Amortization
15.69M19.6M14.71M18.72M22.6M17.23M16.97M21.23M
Stock-Based Compensation
137.86M86.17M515.58M369.84M371.95M358.15M290.68M267.63M
Deferred Taxes
-1.32M-7.59M-5.83M861K554K-19.79M-202.68M-191.93M
Other Non-Cash Items
32.4M33.05M52.07M75.63M60.79M80.44M133.12M-77.94M
Working Capital Changes
-24.13M-9.66M-105.9M-146.69M-66.93M-41.77M-149.21M37.74M
Change in Receivables
-52.15M-76.91M-86.39M-123.78M-78.91M-26.16M-22.59M7.46M
Change in Inventory
-12.01M-32.49M000000
Change in Payables
-14.56M1.89M3.51M-1.57M-5.05M27.86M-21.68M2.74M
Cash from Investing
-39.51M-125.99M-35.44M-289.14M-439.57M-45.5M-22.47M-55.38M
Capital Expenditures
-20.98M-3.19M-13.06M-23.82M-7.34M-14.92M-19.05M-8.9M
CapEx % of Revenue
6.24%0.53%1.46%2.25%0.56%1.04%1.18%0.53%
Acquisitions
-18.52M-19.69M-5.5M-29.54M0-5.57M-24.82M-149.4M
Investments
--------
Other Investing
0-1.24M01.2M2.75M5.57M-15.35M-10.73M
Cash from Financing
457.76M250.42M1.47B-60.67M-196.9M-450.51M-372.38M-389.36M
Debt Issued (Net)
00000000
Equity Issued (Net)
454.76M251.23M1.44B21.91M-102.61M-367.11M-313.19M-329.6M
Dividends Paid
00000000
Share Repurchases
-128.84M00-1.49M-102.61M-390.75M-329.1M-345.37M
Other Financing
3.01M-808K27.3M-82.58M-94.28M-83.4M-59.19M-59.76M
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%
-67.41M▲ 0%
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%
375.23M▲ 0%
FCF Margin %
-113.17%4.28%-7.62%-3.19%22.3%21.38%21.87%22.44%
FCF Growth %
-106.83%-361.79%50.32%963.24%4.77%15.22%19.88%
FCF per Share
-0.730.05-0.13-0.060.520.550.650.71
FCF Conversion (FCF/Net Income)
0.69x-0.32x0.10x0.03x-3.33x-4.35x1.31x1.15x
Interest Paid
96K1.71M691K651K563K309K00
Taxes Paid
3.52M4.51M8.45M21M10.82M16.71M05.08M

PATH Key Ratios

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

Metric202120222023202420252026TTM
Return on Equity (ROE)
-30.04%-44.92%-17.09%-4.57%-3.82%14.37%17.29%
Return on Invested Capital (ROIC)
-231.79%-263.43%-66.46%-15.42%-11.81%3.93%6.22%
Gross Margin
89.16%81.07%82.99%85.02%82.73%82.98%82.96%
Net Margin
-15.21%-58.91%-31.02%-6.87%-5.15%17.53%19.58%
Debt / Equity
0.05x0.03x0.03x0.03x0.04x0.03x0.04x
FCF Conversion
-0.32x0.10x0.03x-3.33x-4.35x1.31x1.15x
Revenue Growth
80.76%46.84%18.64%23.57%9.3%12.65%15.24%
Related:PATH Dividend History·PATH Revenue History·PATH Price History·PATH P/E History·PATH Financial Ratios·PATH Institutional Holders

PATH SEC Filings & Documents

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

8-K Announcements

6
Material company update

May 28, 2026·SEC

Material company update

Mar 25, 2026·SEC

Material company update

Mar 11, 2026·SEC

10-K Annual Reports

2
FY 2026

Mar 25, 2026·SEC

FY 2025

Mar 24, 2025·SEC

10-Q Quarterly Reports

5
FY 2026

Jun 4, 2026·SEC

FY 2025

Dec 8, 2025·SEC

FY 2025

Sep 8, 2025·SEC

PATH Frequently Asked Questions

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

Growth & Financials

UiPath Inc. (PATH) reported $1.67B in revenue for fiscal year 2026. This represents a 397% 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 $327.4M 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 $375.2M in free cash flow for fiscal year 2026. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in PATH back in 2020?

Total return calculator · dividends reinvested · 6+ years of data

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How much would $100/month in PATH be worth today?

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