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PATH

UiPath Inc.

PATH

UiPath Inc. • NYSE
$13.86 ▲ 1.99% (+0.27)
Market Cap $7.36 B
52w High $18.74
52w Low $9.38
Dividend Yield 0%
P/E 462
Volume 6.28M
Outstanding Shares 530.99M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2026 $361.728M ▲ $317.533M ▲ $1.584M ▲ 0.438% ▲ $0.003 ▲ $-14.836M ▼
Q1-2026 $356.624M ▼ $309.179M ▼ $-22.555M ▼ -6.325% ▼ $-0.041 ▼ $-13.159M ▼
Q4-2025 $423.646M ▲ $325.503M ▼ $51.794M ▲ 12.226% ▲ $0.09 ▲ $36.824M ▲
Q3-2025 $354.653M ▲ $334.254M ▼ $-10.655M ▲ -3.004% ▲ $-0.02 ▲ $-38.83M ▲
Q2-2025 $316.253M $356.282M $-86.097M -27.224% $-0.15 $-98.768M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2026 $1.448B ▼ $2.592B ▼ $926.614M ▼ $1.666B ▼
Q1-2026 $1.555B ▼ $2.644B ▼ $945.981M ▼ $1.698B ▼
Q4-2025 $1.63B ▲ $2.865B ▲ $1.02B ▲ $1.846B ▲
Q3-2025 $1.569B ▼ $2.663B ▼ $931.446M ▲ $1.732B ▼
Q2-2025 $1.744B $2.701B $867.752M $1.834B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2026 $1.584M ▲ $41.587M ▼ $-655K ▲ $-111.602M ▲ $-72.024M ▲ $41.587M ▼
Q1-2026 $-22.555M ▼ $119.002M ▼ $-79.923M ▼ $-235.204M ▼ $-178.555M ▼ $106.17M ▼
Q4-2025 $51.794M ▲ $146.082M ▲ $-16.696M ▲ $-16.985M ▲ $105.566M ▲ $138.69M ▲
Q3-2025 $-10.655M ▲ $28.07M ▼ $-22.914M ▲ $-172.643M ▲ $-165.683M ▲ $23.195M ▼
Q2-2025 $-86.097M $46.376M $-41.659M $-215.151M $-207.305M $44.958M

Revenue by Products

Product Q3-2025Q4-2025Q1-2026Q2-2026
License
License
 $140.00M ▲$200.00M ▲$130.00M ▼$110.00M ▼
Professional Services and Other
Professional Services and Other
 $20.00M ▲$20.00M ▲$20.00M ▲$20.00M ▲
Subscription Services
Subscription Services
 $210.00M ▲$220.00M ▲$220.00M ▲$240.00M ▲

Five-Year Company Overview

Income Statement

Income Statement UiPath’s revenue has been climbing steadily every year, showing healthy demand and a growing customer base. The company’s gross margins are strong, which means its core software business is attractive economically. However, it still reports accounting losses, mainly because it spends heavily on sales, marketing, and product development. The good news is that these losses have been narrowing over time, signaling a gradual move toward better operating discipline and a potential path to profitability if growth and cost control continue to improve.

Balance Sheet

Balance Sheet The balance sheet is a relative strength. UiPath holds a sizable cash cushion and keeps debt very low, giving it flexibility to invest, weather downturns, and pursue acquisitions or partnerships. Equity levels are solid, reflecting past capital raises and accumulated investments in the business. While cash has come down from earlier peaks as the company funds its growth, the overall financial foundation still looks robust and not overly leveraged.

Cash Flow

Cash Flow UiPath has transitioned from burning cash to generating it from its core operations. Operating cash flow and free cash flow have turned positive and improved for several years in a row. Capital spending remains modest, so most of the cash generated can support ongoing product development, sales efforts, or simply strengthen the balance sheet. This shift toward self-funding growth is a key milestone, even though reported earnings are still negative.

Competitive Edge

Competitive Edge UiPath is a recognized leader in robotic process automation, with strong brand visibility and a broad global customer base. Its main edge comes from offering a full automation platform rather than just point tools, plus meaningful switching costs once a client has embedded UiPath deeply into critical workflows. A large developer community adds further stickiness. At the same time, competition is intense—from other automation vendors, large cloud platforms, and AI-first startups—so maintaining that leadership will require ongoing innovation and strong execution. The company likely has a defensible but not unassailable position.

Innovation and R&D

Innovation and R&D UiPath is leaning heavily into AI and what it calls “agentic automation,” where software agents can understand tasks, reason, and take action with less human guidance. Products like Autopilot and Maestro show a clear push to make automation smarter, more autonomous, and easier for non-technical users to adopt. The platform integrates process discovery, low-code automation, AI models, and orchestration, aiming to be an end-to-end automation hub. This innovation strategy is ambitious and could deepen customer reliance on UiPath, but it also requires sustained R&D spending and fast adaptation in a rapidly evolving AI landscape.

Summary

UiPath is evolving from a pure RPA vendor into a broader AI-driven automation platform, supported by strong revenue growth and improving, though still negative, profitability. Its balance sheet and cash generation provide a cushion and flexibility to keep investing in innovation. The company benefits from switching costs, a large ecosystem, and a comprehensive platform, but faces fierce competition and ongoing pressure to turn its technology leadership into durable, profitable growth. Overall, the story is one of a financially solid, fast-evolving software company still in the process of proving out long-term margin and moat strength.

NEWS

November 25, 2025 · 4:10 PM UTC

UiPath to Participate in the Barclays 23rd Annual Global Technology Conference

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November 21, 2025 · 5:00 AM UTC

R Systems Elevated to UiPath Diamond Partner Status and Recognized as a UiPath Agentic Automation Fast Track Partner

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November 19, 2025 · 8:30 AM UTC

UiPath Becomes Founding Contributor to AIUC-1, Joining AIUC in Promoting Security Standards for Enterprise AI Adoption

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November 17, 2025 · 4:30 PM UTC

UiPath Named a Leader and Star Performer in the Everest Group Full Suite Intelligent Process Automation Platform (IPAP) PEAK Matrix® Assessment 2025

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November 5, 2025 · 4:10 PM UTC

UiPath Announces Third Quarter Fiscal 2026 Financial Results Conference Call

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