NYSE : PATH
UiPath, Inc. — Financial statements
Technology · Software - Infrastructure · United States
Last price 13.73 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 7.16B
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Financial statements
UiPath, Inc. (PATH) reported revenue of 1.72B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year February - January; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 1.72B | 1.61B | 1.43B | 1.31B | 1.06B | 892.25M |
| Cost of Revenue | 299.72M | 269.90M | 243.46M | 195.81M | 179.16M | 168.87M |
| Gross Profit | 1.42B | 1.34B | 1.19B | 1.11B | 879.42M | 723.38M |
| Selling, General & Admin | 888.50M | 890.86M | 941.62M | 942.64M | 917.90M | 947.67M |
| Research & Development | 366.08M | 382.90M | 375.44M | 331.71M | 285.26M | 276.66M |
| Other Operating Expenses | 5.34M | 5.74M | 7.00M | |||
| Operating Expenses | 1.26B | 1.28B | 1.32B | 1.27B | 1.20B | 1.22B |
| Operating Income | 161.22M | 61.17M | -137.84M | -162.09M | -323.74M | -500.95M |
| Interest & Investment Income | 44.54M | 48.02M | 49.42M | 57.13M | 27.95M | 3.55M |
| Currency Exchange Gain (Loss) | 9.10M | -7.00M | 6.90M | 300.00K | -500.00K | -8.90M |
| Other Non Operating Income (Expenses) | 56.00K | -7.39M | -3.63M | 3.23M | 1.49M | -2.63M |
| EBT Excluding Unusual Items | 214.91M | 94.80M | -85.15M | -101.44M | -294.80M | -508.93M |
| Merger & Restructuring Charges | -5.00M | -4.41M | -24.73M | -2.63M | -24.55M | |
| Gain (Loss) on Sale of Investments | 4.21M | 10.24M | 31.78M | 28.25M | 1.78M | -1.95M |
| Pretax Income | 210.85M | 100.63M | -78.10M | -75.81M | -317.56M | -510.88M |
| Income Tax Expense | -151.06M | -181.70M | -4.41M | 14.07M | 10.79M | 14.70M |
| Net Income | 361.92M | 282.33M | -73.69M | -89.88M | -328.35M | -525.59M |
| Net Income to Common | 361.92M | 282.33M | -73.69M | -89.88M | -328.35M | -525.59M |
| Shares Outstanding (Basic) | 527.81M | 538.12M | 559.93M | 563.86M | 548.02M | 454.62M |
| Shares Outstanding (Diluted) | 536.44M | 544.86M | 559.93M | 563.86M | 548.02M | 454.62M |
| EPS (Basic) | 0.69 | 0.52 | -0.13 | -0.16 | -0.60 | -1.16 |
| EPS (Diluted) | 0.68 | 0.52 | -0.13 | -0.16 | -0.60 | -1.16 |
| Free Cash Flow | 362.96M | 352.16M | 305.64M | 291.74M | -33.80M | -63.84M |
| Free Cash Flow Per Share | 0.68 | 0.65 | 0.55 | 0.52 | -0.06 | -0.14 |
| Gross Margin | 82.58% | 83.24% | 82.97% | 85.03% | 83.08% | 81.07% |
| Operating Margin | 9.37% | 3.80% | -9.64% | -12.39% | -30.58% | -56.14% |
| Profit Margin | 21.03% | 17.53% | -5.16% | -6.87% | -31.02% | -58.91% |
| Free Cash Flow Margin | 21.09% | 21.87% | 21.38% | 22.30% | -3.19% | -7.16% |
| EBITDA | 184.62M | 75.54M | -122.21M | -140.80M | -308.21M | -489.04M |
| EBITDA Margin | 10.73% | 4.69% | -8.55% | -10.76% | -29.12% | -54.81% |
| D&A For EBITDA | 23.40M | 14.37M | 15.63M | 21.30M | 15.52M | 11.90M |
| EBIT | 161.22M | 61.17M | -137.84M | -162.09M | -323.74M | -500.95M |
| EBIT Margin | 9.37% | 3.80% | -9.64% | -12.39% | -30.58% | -56.14% |
| Revenue as Reported | 1.72B | 1.61B | 1.43B | 1.31B | 1.06B | 892.25M |
| Advertising Expenses | 49.80M | 45.90M | 44.30M | 41.50M | 43.30M |
Balance sheet
Fiscal year February - January; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 607.41M | 871.16M | 879.20M | 1.06B | 1.40B | 1.77B |
| Short-Term Investments | 676.58M | 601.33M | 750.32M | 818.14M | 354.77M | 96.42M |
| Cash & Short-Term Investments | 1.28B | 1.47B | 1.63B | 1.88B | 1.76B | 1.87B |
| Accounts Receivable | 442.33M | 580.71M | 539.87M | 520.49M | 443.48M | 326.82M |
| Receivables | 442.33M | 580.71M | 539.87M | 520.49M | 443.48M | 326.82M |
| Prepaid Expenses | 51.19M | 55.33M | 65.33M | 87.78M | 67.79M | 45.34M |
| Restricted Cash | 1.48M | 438.00K | 438.00K | 438.00K | ||
| Other Current Assets | 147.64M | 134.98M | 103.40M | 91.88M | 76.24M | 40.00M |
| Total Current Assets | 1.93B | 2.24B | 2.34B | 2.58B | 2.34B | 2.28B |
| Property, Plant & Equipment | 109.91M | 110.49M | 99.24M | 80.05M | 81.10M | 66.13M |
| Long-Term Investments | 162.03M | 258.89M | 130.41M | 1.50M | 2.94M | 19.52M |
| Goodwill | 179.48M | 125.31M | 87.30M | 89.03M | 88.01M | 53.56M |
| Other Intangible Assets | 101.48M | 19.99M | 7.91M | 14.70M | 23.01M | 16.82M |
| Long-Term Accounts Receivable | 4.83M | 1.95M | 3.45M | 6.21M | 6.52M | 2.73M |
| Long-Term Deferred Tax Assets | 230.09M | 233.40M | 27.96M | 4.68M | 5.89M | 10.63M |
| Long-Term Deferred Charges | 165.02M | 174.01M | 158.84M | 168.72M | 151.62M | 116.92M |
| Other Long-Term Assets | 27.89M | 11.22M | 11.60M | 9.45M | 31.71M | 8.83M |
| Total Assets | 2.91B | 3.18B | 2.87B | 2.95B | 2.74B | 2.57B |
| Accounts Payable | 16.85M | 10.16M | 33.18M | 3.45M | 8.89M | 11.52M |
| Accrued Expenses | 153.14M | 199.86M | 157.38M | 168.51M | 176.02M | 168.75M |
| Current Portion of Leases | 10.32M | 10.31M | 3.59M | 8.36M | 7.00M | 1.55M |
| Current Income Taxes Payable | 9.78M | 14.78M | 1.63M | 7.14M | 8.75M | 18.21M |
| Current Unearned Revenue | 543.63M | 603.74M | 569.46M | 486.81M | 398.33M | 297.36M |
| Other Current Liabilities | 73.55M | 66.57M | 33.68M | 37.43M | 27.46M | 30.12M |
| Total Current Liabilities | 807.26M | 905.42M | 798.92M | 711.69M | 626.45M | 527.50M |
| Long-Term Leases | 69.44M | 70.94M | 74.23M | 58.71M | 56.44M | 49.84M |
| Long-Term Unearned Revenue | 71.72M | 103.57M | 135.84M | 161.03M | 121.70M | 68.67M |
| Long-Term Deferred Tax Liabilities | 9.70M | 3.80M | 133.00K | 338.00K | 34.00K | |
| Other Long-Term Liabilities | 10.40M | 6.98M | 6.72M | 7.08M | 10.12M | 4.49M |
| Total Liabilities | 958.82M | 1.10B | 1.02B | 938.64M | 815.05M | 650.53M |
| Common Stock | 6.00K | 6.00K | 6.00K | 6.00K | 6.00K | 5.00K |
| Additional Paid-In Capital | 4.67B | 4.59B | 4.33B | 4.02B | 3.74B | 3.41B |
| Retained Earnings | -1.65B | -1.71B | -1.99B | -1.91B | -1.82B | -1.50B |
| Treasury Stock | -1.09B | -833.90M | -494.78M | -102.61M | ||
| Comprehensive Income & Other | 14.66M | 36.60M | -4.89M | 8.82M | 7.61M | 10.90M |
| Total Common Equity | 1.95B | 2.08B | 1.85B | 2.02B | 1.92B | 1.92B |
| Shareholders' Equity | 1.95B | 2.08B | 1.85B | 2.02B | 1.92B | 1.92B |
| Total Liabilities & Equity | 2.91B | 3.18B | 2.87B | 2.95B | 2.74B | 2.57B |
| Total Debt | 79.76M | 81.25M | 77.82M | 67.07M | 63.44M | 51.40M |
| Net Cash (Debt) | 1.33B | 1.61B | 1.65B | 1.81B | 1.70B | 1.83B |
| Net Cash Per Share | 2.47 | 2.95 | 2.94 | 3.21 | 3.10 | 4.03 |
| Filing Date Shares Outstanding | 521.16M | 523.92M | 551.49M | 569.01M | 557.42M | 542.09M |
| Total Common Shares Outstanding | 520.99M | 537.04M | 553.51M | 569.27M | 556.61M | 541.23M |
| Working Capital | 1.12B | 1.34B | 1.54B | 1.87B | 1.72B | 1.75B |
| Book Value Per Share | 3.74 | 3.88 | 3.33 | 3.54 | 3.45 | 3.55 |
| Tangible Book Value | 1.67B | 1.94B | 1.75B | 1.91B | 1.81B | 1.85B |
| Tangible Book Value Per Share | 3.20 | 3.61 | 3.16 | 3.36 | 3.25 | 3.42 |
| Machinery | 34.66M | 34.40M | 30.80M | 30.41M | 34.94M | 27.35M |
| Construction In Progress | 4.16M | 4.10M | 9.56M | 4.56M | 2.42M | 2.55M |
| Leasehold Improvements | 55.18M | 52.58M | 31.40M | 21.76M | 19.62M | 9.34M |
Cash flow statement
Fiscal year February - January; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 361.92M | 282.33M | -73.69M | -89.88M | -328.35M | -525.59M |
| Depreciation & Amortization | 23.40M | 14.37M | 15.63M | 21.30M | 15.52M | 11.90M |
| Other Amortization | 119.99M | 111.96M | 93.69M | 76.77M | 63.03M | 42.06M |
| Asset Writedown & Restructuring Costs | 2.88M | |||||
| Loss (Gain) From Sale of Investments | -4.21M | -10.24M | -31.78M | -28.25M | -1.78M | 1.95M |
| Stock-Based Compensation | 234.58M | 290.68M | 358.15M | 371.95M | 369.84M | 515.58M |
| Provision & Write-off of Bad Debts | 5.74M | 5.74M | 1.98M | -1.58M | ||
| Other Operating Activities | -154.38M | -174.42M | -1.64M | 15.70M | 15.57M | 5.03M |
| Change in Accounts Receivable | -50.55M | -22.59M | -26.16M | -78.91M | -123.97M | -130.05M |
| Change in Accounts Payable | -3.11M | -21.68M | 27.86M | -5.05M | -1.57M | 3.51M |
| Change in Unearned Revenue | 1.17M | -22.43M | 68.35M | 137.47M | 160.75M | 105.48M |
| Change in Other Net Operating Assets | -161.28M | -82.51M | -111.81M | -120.44M | -181.89M | -84.84M |
| Operating Cash Flow | 373.25M | 371.21M | 320.56M | 299.08M | -9.98M | -54.96M |
| Capital Expenditures | -10.29M | -19.05M | -14.92M | -7.34M | -23.82M | -8.88M |
| Cash Acquisitions | -149.40M | -24.82M | -29.54M | -5.50M | ||
| Sale (Purchase) of Intangibles | -2.95M | |||||
| Investment in Securities | 99.47M | 36.76M | 5.23M | -434.98M | -236.98M | -15.38M |
| Other Investing Activities | -10.23M | -15.35M | -35.81M | 2.75M | 1.20M | -2.73M |
| Investing Cash Flow | -70.45M | -22.47M | -45.50M | -439.57M | -289.14M | -35.44M |
| Issuance of Common Stock | 15.37M | 15.91M | 23.64M | 24.30M | 23.40M | 723.61M |
| Repurchase of Common Stock | -324.46M | -388.16M | -468.58M | -215.33M | -84.07M | -10.47M |
| Other Financing Activities | -3.60M | -128.00K | -5.57M | -5.86M | 6.53M | |
| Financing Cash Flow | -312.69M | -372.38M | -450.51M | -196.90M | -60.67M | 1.47B |
| Foreign Exchange Rate Adjustments | -10.27M | 15.59M | -7.03M | -2.62M | -6.81M | 18.27M |
| Net Cash Flow | -20.17M | -8.04M | -182.48M | -340.00M | -366.60M | 1.40B |
| Free Cash Flow | 362.96M | 352.16M | 305.64M | 291.74M | -33.80M | -63.84M |
| Free Cash Flow Margin | 21.09% | 21.87% | 21.38% | 22.30% | -3.19% | -7.16% |
| Free Cash Flow Per Share | 0.68 | 0.65 | 0.55 | 0.52 | -0.06 | -0.14 |
| Levered Free Cash Flow | 474.26M | 473.55M | 449.94M | 332.18M | 140.39M | 273.09M |
| Unlevered Free Cash Flow | 474.26M | 473.55M | 449.94M | 332.18M | 140.39M | 273.09M |
| Cash Interest Paid | 309.00K | 563.00K | 651.00K | 691.00K | ||
| Cash Income Tax Paid | 12.89M | 9.81M | 16.71M | 10.82M | 21.00M | 8.45M |
| Change in Working Capital | -213.79M | -149.21M | -41.77M | -66.93M | -146.69M | -105.90M |
Ratios
Fiscal year February - January; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 7.16B | 6.73B | 7.82B | 13.01B | 8.49B | 19.19B |
| Enterprise Value | 5.83B | 5.29B | 6.29B | 11.26B | 6.87B | 17.35B |
| Last Close Price | 13.73 | 12.59 | 14.22 | 22.98 | 15.36 | 36.53 |
| PE Ratio | 20.30 | 23.85 | ||||
| Forward PE | 15.96 | 17.28 | 29.27 | 46.77 | 126.84 | |
| PS Ratio | 4.16 | 4.18 | 5.47 | 9.95 | 8.02 | 21.50 |
| PB Ratio | 3.67 | 3.23 | 4.23 | 6.45 | 4.42 | 9.98 |
| P/TBV Ratio | 4.29 | 3.48 | 4.46 | 6.80 | 4.69 | 10.36 |
| P/FCF Ratio | 19.71 | 19.12 | 25.57 | 44.59 | ||
| P/OCF Ratio | 19.17 | 18.14 | 24.38 | 43.49 | ||
| PEG Ratio | 0.64 | 0.64 | 0.90 | 1.10 | 4.53 | |
| EV/Sales Ratio | 3.39 | 3.29 | 4.40 | 8.61 | 6.49 | 19.44 |
| EV/EBITDA Ratio | 31.58 | 70.09 | ||||
| EV/EBIT Ratio | 36.16 | 86.56 | ||||
| EV/FCF Ratio | 16.06 | 15.04 | 20.59 | 38.58 | ||
| Debt / Equity Ratio | 0.04 | 0.04 | 0.04 | 0.03 | 0.03 | 0.03 |
| Debt / EBITDA Ratio | 0.38 | 0.82 | ||||
| Debt / FCF Ratio | 0.22 | 0.23 | 0.26 | 0.23 | ||
| Net Debt / Equity Ratio | -0.68 | -0.77 | -0.89 | -0.90 | -0.88 | -0.95 |
| Net Debt / EBITDA Ratio | -7.18 | -21.29 | 13.47 | 12.88 | 5.50 | 3.75 |
| Net Debt / FCF Ratio | -3.65 | -4.57 | -5.38 | -6.21 | 50.20 | 28.72 |
| Asset Turnover | 0.63 | 0.53 | 0.49 | 0.46 | 0.40 | 0.52 |
| Quick Ratio | 2.14 | 2.27 | 2.71 | 3.37 | 3.51 | 4.16 |
| Current Ratio | 2.39 | 2.48 | 2.93 | 3.63 | 3.74 | 4.32 |
| Return on Equity (ROE) | 20.03% | 14.37% | -3.82% | -4.57% | -17.09% | -44.92% |
| Return on Assets (ROA) | 3.66% | 1.26% | -2.96% | -3.56% | -7.62% | -18.21% |
| Return on Capital Employed (ROCE) | 7.70% | 2.70% | -6.70% | -7.20% | -15.40% | -24.50% |
| Earnings Yield | 4.93% | 4.19% | -0.94% | -0.69% | -3.87% | -2.74% |
| FCF Yield | 5.07% | 5.23% | 3.91% | 2.24% | -0.40% | -0.33% |
| Buyback Yield / Dilution | 1.85% | 2.69% | 0.70% | -2.89% | -20.54% | -170.20% |