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UiPath, Inc.

PATH Technology Software Infrastructure

UiPath, Inc.’s revenue for fiscal 2026 (year ended January 2026) was $1.6 billion, up 12.7% from fiscal 2025.

Revenue
+13.4%
EPS
+2,233.3%
Free cash flow
−29.5%

Quarter to July 2026, against a year earlier

13.05 0.46 −3.40%
Market cap
$6.8B
P/E
19.5×
Fwd P/E
35.1×
Dividend yield
—
F-score
8/9
Altman Z
4.03
Beneish M
−2.26
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Revenue by segment Fiscal 2026

  • Reportable Segment

Every year since 2020 →

Insider Decisions last twelve months

Sold, $m 85.44
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell 14 12 — — — — — — 2 2 5 —
Insider Ownership 23.27%

Capital & Financial Ratios $m

Size
Market Cap 6,780.00
Revenue ttm 1,720.86
Net income ttm 361.92
Free cash flow ttm 362.96
Net debt Q (1,285.46)
Valuation
P/E 19.48
Forward P/E 35.10 (above 35: high)
Price / sales 3.94
Forward P/S Powerpack
Price / FCF 18.68
Price / book 3.48
Financial health
Current ratio Q 2.39 (at or above 1.5: strong)
Debt / equity Q 0.00 (at or below 0.5: strong)
Interest coverage Q (3.85)
Growth
Revenue growth Q +13.42% (above 0%: growing)
Operating income growth Q +256.57% (above 0%: growing)
EPS, this year +9.38%
EPS, next year A +16.87% (at or above 15%: strong)
Revenue, next year A +11.26% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A +13.32%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 3.2×, against a ten-year median of 5.1×; over the ten years it ranged from 2.4× in 2026 to 42.6× in 2021.
P/S against its own 10 years 9.68%
10-year low 10-year high
P/B against its own 10 years 15.72%
10-year low 10-year high
EV/Sales against its own 10 years 12.98%
10-year low 10-year high
EV/FCF against its own 10 years 21.78%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2024 2025 2026 Q'26
Cash 1,880 1,630 1,473 1,285
Receivables 436 451 488 307
Inventory — — — —
Other 84 89 92 135
2,580 2,339 2,244 1,927
2024 2025 2026 Q'26
Payables 3 33 10 17
ST’ Debt — — — —
Other — — — —
712 799 905 807

Compound Annual Growth %

10y 5y 3y
Sales — 21.53% 15.01%
Cash Flow — 66.31% 0.00%
Earnings — 0.00% 0.00%
Book Value — 0.00% 2.74%

Earnings Trends EPS, adjusted, against the consensus

Q2 FY27 Estimate 0.15 Actual 0.15

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY26 0.14 0.16 Beat by 0.02
Q4 FY26 0.25 0.30 Beat by 0.05
Q1 FY27 0.15 0.15 Met by 0.00
Q2 FY27 0.15 0.15 Met by 0.00
Q3 FY27 0.19 — Reports 2 December 2026

EPS $

Apr Jul Oct Jan Year
’26 0.04 0.07 — — —
’26 (0.04) 0.00 0.37 0.19 0.52
’25 (0.05) (0.15) (0.02) 0.09 (0.13)
’24 (0.06) (0.11) (0.06) 0.06 (0.16)
’23 (0.23) (0.22) (0.10) (0.05) (0.60)
’22 (1.11) (0.19) (0.23) (0.12) (1.16)
’21 (0.33) 0.03 (0.41) 0.17 (0.55)
Fiscal quarters ending in the months shown.

Revenue $m

Apr Jul Oct Jan Year
’26 418 410 — — —
’26 357 362 411 481 1,611
’25 335 316 355 424 1,430
’24 290 287 326 405 1,308
’23 245 242 263 309 1,059
’22 186 196 221 290 892
’21 113 139 147 208 608
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Apr Jul Oct Jan Year
’26 132 31 — — —
’26 119 42 28 182 371
’25 100 46 28 146 321
’24 67 44 42 146 299
’23 (53) (24) (27) 94 (10)
’22 (18) (6) (25) (6) (55)
’21 (24) 28 7 18 29
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Apr Jul Oct Jan Year
’26 129 29 — — —
’26 106 42 25 179 352
’25 99 45 23 139 306
’24 65 43 41 142 292
’23 (63) (30) (33) 92 (34)
’22 (20) (8) (30) (9) (67)
’21 (25) 28 7 16 26
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing 16.2% a year for ten years.

Implied
16.2%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

2.8
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to January

Ten-year view Analyst estimates Powerpack
Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 TTM Jul ’26 Trend 10 yrs 2027e 2028e 2029e Next 3/yr
Income, $m
Income, $m Revenue — — 148 336 608 892 1,059 1,308 1,430 1,611 1,721 +40.6% 1,792 1,942 2,092 +9.1%
Gross margin, % — — 71.62 82.33 89.16 81.07 82.99 85.02 82.73 83.17 82.55 +11.6 pt
EBT — — (259) (517) (95) (511) (318) (76) (78) 101 211 n/m
EBT margin, % — — (175.00) (153.84) (15.58) (57.26) (30.00) (5.80) (5.46) 6.25 12.25 +181.3 pt
Net income — 0 (262) (520) (92) (526) (328) (90) (74) 282 362 n/m
Per share, $
Per share, $ Revenue — — 0.29 2.21 3.61 1.96 1.93 2.32 2.55 2.99 3.31 +39.9%
Earnings — — (0.50) (3.41) (0.55) (1.16) (0.60) (0.16) (0.13) 0.52 0.67 n/m
Cash flow — — 0.00 (2.36) 0.17 (0.12) (0.02) 0.53 0.57 0.69 0.72 n/m
Capex — — 0.00 (0.14) (0.02) (0.03) (0.04) (0.01) (0.03) (0.04) (0.02) n/m
Free cash flow — — 0.00 (2.50) 0.15 (0.15) (0.06) 0.52 0.55 0.65 0.70 n/m
Book value — — 0.00 0.00 (4.78) 4.23 3.50 3.58 3.30 3.87 3.75 n/m
Shares, m — — 519 152 168 455 548 564 560 538 528 +0.5%
Valuation, ×
Valuation, × P/E — — 0.00 0.00 0.00 0.00 0.00 0.00 0.00 23.98 19.48 3.0
P/S — — 19.11 19.11 19.11 18.61 7.95 9.91 5.57 4.19 3.94 12.9
P/B — — 0.00 0.00 0.00 8.64 4.38 6.43 4.31 3.24 3.48 3.4
EV/Sales — — 18.34 18.34 18.34 16.52 6.29 8.47 4.43 3.28 3.19 11.7
EV/FCF — — 428.81 428.81 428.81 (220.72) (197.09) 37.97 20.72 14.98 15.14 117.8
Cash, $m
Cash, $m Operating cash flow — — — (359) 29 (55) (10) 299 321 371 373 n/m
Capex — — — (21) (3) (12) (24) (7) (15) (19) (10) (1.6%)
Free cash flow — — — (380) 26 (67) (34) 292 306 352 363 n/m
Balance, $m
Balance, $m Working capital — — — 143 369 1,750 1,718 1,869 1,540 1,339 1,119 +45.2%
Net debt — — — (234) (468) (1,865) (1,757) (1,880) (1,630) (1,473) (1,285) +35.9%
Shareholders’ equity — — — — (804) 1,922 1,920 2,016 1,846 2,083 1,949 n/m
Returns, %
Returns, % ROA — — 0.00 0.00 (21.33) (30.57) (12.37) (3.16) (2.53) 9.34 13.16 +9.3 pt
ROIC — — — 0.00 0.00 (551.44) (133.33) (75.78) (47.08) 5.82 14.42 +5.8 pt
ROE — — 0.00 64.83 11.52 (94.00) (17.09) (4.57) (3.82) 14.37 20.03 +14.4 pt
People
People Employees — — — — 2,863 4,013 3,833 4,035 3,868 3,981 — +6.8%
Revenue/emp, $m — — 0.00 0.00 0.21 0.22 0.28 0.32 0.37 0.40 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Jan 2026 · latest quarter Jul 2026

Business profile

Updated

UiPath sells enterprise software for automating business processes. Its platform brings together software robots, AI agents, people and business applications so customers can design, run and monitor workflows. A software robot follows defined instructions to perform tasks, while an AI agent can work on processes that require decisions or interpretation. People can be brought into a workflow when their input is needed.

The platform includes tools to build automations, connect applications, process documents, test software and identify inefficient processes. UiPath Maestro coordinates tasks among people, robots and agents across systems. Customers can use UiPath’s tools to create agents, connect their own AI models and apply governance and security controls across workflows.

Where the money comes from and where it goes Fiscal 2026

Fiscal 2026: revenue by segment, and margins
Reportable Segment 1,611 100.00%
Gross margin 83.17%
Operating margin 3.52%
Pre-tax margin 6.25%

Revenue by segment since 2020

UiPath, Inc. vs peers in Software Infrastructure (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
DBX Dropbox, Inc. $7.8B 19.7× 20.7× +0.93% (above 0%: growing) −6.52% (below 0%: shrinking) −10.29% (below 0%: shrinking) 80.21% 26.10% Compare
S SentinelOne, Inc. $7.5B — (loss-making) — (loss-making) +20.56% (above 0%: growing) n/m −83.92% (below 0%: shrinking) 72.07% (31.08%) Compare
ZETA Zeta Global Holdings Corp. $7.4B — (loss-making) 299× +43.55% (above 0%: growing) n/m +69.99% (above 0%: growing) 59.12% 3.82% Compare
QLYS Qualys, Inc. $6.9B 34.7× 38.3× +11.04% (above 0%: growing) +15.38% (above 0%: growing) +72.34% (above 0%: growing) 83.40% 33.98% Compare
PATH UiPath, Inc. $6.8B 19.5× 35.1× +13.42% (above 0%: growing) +2,233.33% (above 0%: growing) −29.52% (below 0%: shrinking) 80.36% 7.70%
ACIW ACI Worldwide, Inc. $6.0B 36.1× 21.6× −11.52% (below 0%: shrinking) −63.64% (below 0%: shrinking) +74.53% (above 0%: growing) 45.78% 12.27% Compare
BOX Box, Inc. $6.0B 60.7× 109× +9.23% (above 0%: growing) +66.67% (above 0%: growing) +65.84% (above 0%: growing) 79.08% 10.16% Compare
WEX WEX Inc. $5.9B 15.3× 14.8× +12.76% (above 0%: growing) +69.05% (above 0%: growing) −117.04% (below 0%: shrinking) 63.16% 30.61% Compare
MBGL Mobility Global Inc. $5.9B — — — — — 71.37% 17.52% Compare
Median of peers $6.5B 34.7× 30.0× +11.04% +15.38% +65.84% 71.72% 14.90%

All 183 Software Infrastructure stocks →

From the latest earnings call

Updated

  • CEO Daniel Dines said 18 of UiPath’s top 20 deals included AI, with customers expanding from individual automations into broader business processes.
  • Dines said Ashim Gupta would focus exclusively on operating UiPath, while Hitesh Ramani succeeds him as chief financial officer.

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 68.57%
Held by the ten largest 39.23%
Holder Shares Stake Change
Vanguard 48.42m 9.34% −22.09k
BlackRock 46.15m 8.91% +3.10m
Tetragon Partners GP Ltd 30.95m 5.97% +5.74m
Two Sigma 15.03m 2.90% +11.48m
State Street 13.83m 2.67% +486.01k
Senvest Management, LLC 12.09m 2.33% +4.30m
Bank of America 11.29m 2.18% +1.25m
UBS 9.37m 1.81% −1.14m
Geode Capital Management 8.15m 1.57% +104.69k
Dimensional Fund Advisors 7.98m 1.54% +1.14m
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 12 May 2026

Ownership

Directors and executive officers, together 85.20% of the votes
Daniel Dines 84.60% of the votes
BlackRock, Inc. 1.40% of the votes
Vanguard Portfolio Management less than 1% of the votes
Tetragon Financial Group Limited less than 1% of the votes
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

UiPath, Inc. (PATH) Latest News

28 Oct

Impact 4 · · Zacks

27 Oct

Impact 4 · · Simply Wall St.
Impact 3 · · Simply Wall St.

26 Oct

Impact 3 · · Zacks
Impact 3 · · Trefis

23 Oct

Impact 3 · · Zacks

21 Oct

Impact 3 · · StockStory

20 Oct

Impact 3 · · Zacks

14 Oct

Impact 3 · · Zacks
Impact 3 · · Simply Wall St.

13 Oct

Impact 4 · · Zacks
Impact 3 · · Simply Wall St.

12 Oct

Impact 3 · · Zacks

9 Oct

Impact 4 · · Business Wire
Impact 4 · · Simply Wall St.
Impact 3 · · Simply Wall St.

8 Oct

Impact 4 · · Business Wire
Impact 3 · · Zacks

7 Oct

Impact 4 · · Business Wire

6 Oct

Impact 4 · · Business Wire

5 Oct

Impact 3 · · Business Wire

3 Oct

Impact 3 · · Barchart

1 Oct

Impact 3 · · Business Wire

30 Sep

Impact 4 · · Trefis
Impact 4 · · Simply Wall St.
Impact 4 · · Business Wire
Impact 4 · · Simply Wall St.
Impact 3 · · Simply Wall St.
Impact 3 · · Zacks
Impact 3 · · Benzinga

PATH metrics, ten years each

stockrow.com/PATH · Data as of Jul 31, 2026 · For information only; not investment advice. · © 2026 stockrow.com