What is UiPath's operating income?

UiPath's total operating income in 2026 was $56.76 million, based on the following breakdown: Total Gross Profit: $1.34 billion Total Operating Expenses: $1.28 billion

UiPath (PATH) Financials

$13.76 -0.12 (-0.83%)

Closing price 09/11/2026 03:58 PM Eastern

Extended Trading

$13.77 +0.02 (+0.12%)

As of 09/11/2026 07:59 PM Eastern

Compare

Annual Income Statements for UiPath

This table shows UiPath's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024	2025	2026
Period end date	1/31/2020	1/31/2021	1/31/2022	1/31/2023	1/31/2024	1/31/2025	1/31/2026
Net Income / (Loss) Attributable to Common Shareholders	-520	-92	-526	-328	-90	-74	282
Consolidated Net Income / (Loss)	-520	-92	-526	-328	-90	-74	282
Net Income / (Loss) Continuing Operations	-520	-92	-526	-328	-90	-74	282
Total Pre-Tax Income	-517	-95	-511	-318	-76	-78	101
Total Operating Income	-517	-110	-501	-348	-165	-163	57
Total Gross Profit	277	542	723	879	1,112	1,183	1,340
Total Revenue	336	608	892	1,059	1,308	1,430	1,611
Operating Revenue	336	608	892	1,059	1,308	1,430	1,611
Total Cost of Revenue	59	66	169	180	196	247	271
Operating Cost of Revenue	59	66	169	180	196	247	271
Total Operating Expenses	794	652	1,224	1,227	1,277	1,345	1,283
Selling, General & Admin Expense	180	162	250	240	232	226	214
Marketing Expense	483	380	698	702	713	738	683
Research & Development Expense	131	110	277	286	332	381	385
Total Other Income / (Expense), net	0.14	16	-9.94	31	89	84	44
Interest & Investment Income	6.74	1.15	3.55	28	57	49	48
Other Income / (Expense), net	-6.60	15	-13	2.77	32	35	-4.16
Income Tax Expense	2.79	-2.27	15	11	14	-4.41	-182
Basic Earnings per Share	($3.41)	($0.55)	($1.16)	($0.60)	($0.16)	($0.13)	$0.52
Weighted Average Basic Shares Outstanding	152.38M	168.26M	454.63M	548.02M	563.86M	559.93M	538.13M
Diluted Earnings per Share	($3.41)	($0.55)	($1.16)	($0.60)	($0.16)	($0.13)	$0.52
Weighted Average Diluted Shares Outstanding	152.38M	168.26M	454.63M	548.02M	563.86M	559.93M	544.86M
Weighted Average Basic & Diluted Shares Outstanding	-	-	542.09M	557.42M	569.01M	551.49M	523.92M

This table shows UiPath's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026	Q4 2026	Q1 2027	Q2 2027
Period end date	1/31/2024	4/30/2024	7/31/2024	10/31/2024	1/31/2025	4/30/2025	7/31/2025	10/31/2025	1/31/2026	4/30/2026	7/31/2026
Net Income / (Loss) Attributable to Common Shareholders	34	-29	-86	-11	52	-23	1.58	199	104	23	36
Consolidated Net Income / (Loss)	34	-29	-86	-11	52	-23	1.58	199	104	23	36
Net Income / (Loss) Continuing Operations	34	-29	-86	-11	52	-23	1.58	199	104	23	36
Total Pre-Tax Income	37	-25	-82	-25	55	-20	3.33	25	92	41	53
Total Operating Income	15	-49	-103	-43	34	-16	-20	13	80	28	32
Total Gross Profit	352	280	253	291	359	293	297	342	407	341	330
Total Revenue	405	335	316	355	424	357	362	411	481	418	410
Operating Revenue	405	335	316	355	424	357	362	411	481	418	410
Total Cost of Revenue	53	55	63	64	65	64	64	69	74	77	81
Operating Cost of Revenue	53	55	63	64	65	64	64	69	74	77	81
Total Operating Expenses	337	329	356	334	326	309	318	329	327	313	298
Selling, General & Admin Expense	59	64	64	50	49	55	53	53	54	53	50
Marketing Expense	192	180	194	187	177	160	166	179	178	168	165
Research & Development Expense	86	86	98	97	100	95	98	97	95	93	83
Total Other Income / (Expense), net	22	25	21	18	21	-3.32	24	12	12	13	21
Interest & Investment Income	15	14	13	10	12	13	12	12	12	10	11
Other Income / (Expense), net	6.28	11	7.71	7.81	8.85	-16	12	-0.18	0.48	2.58	10
Income Tax Expense	2.68	3.78	3.83	-15	2.83	2.83	1.74	-174	-12	18	17
Basic Earnings per Share	$0.07	($0.05)	($0.15)	($0.02)	$0.09	($0.04)	$0.00	$0.37	$0.19	$0.04	$0.07
Weighted Average Basic Shares Outstanding	563.86M	569.93M	568.04M	551.04M	559.93M	548.45M	536.17M	532.26M	538.13M	523.58M	519.65M
Diluted Earnings per Share	$0.07	($0.05)	($0.15)	($0.02)	$0.09	($0.04)	$0.00	$0.37	$0.19	$0.04	$0.07
Weighted Average Diluted Shares Outstanding	563.86M	569.93M	568.04M	551.04M	559.93M	548.45M	542.87M	539.02M	544.86M	527.82M	523.01M
Weighted Average Basic & Diluted Shares Outstanding	569.01M	572.78M	549.96M	549.60M	551.49M	535.04M	531.02M	534.75M	523.92M	518.12M	521.16M

This table details how cash moves in and out of UiPath's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024	2025	2026
Period end date	1/31/2020	1/31/2021	1/31/2022	1/31/2023	1/31/2024	1/31/2025	1/31/2026
Net Change in Cash & Equivalents	62	137	1,398	-367	-340	-182	-8.04
Net Cash From Operating Activities	-359	29	-55	-9.98	299	321	371
Net Cash From Continuing Operating Activities	-359	29	-55	-9.98	299	321	371
Net Income / (Loss) Continuing Operations	-520	-92	-526	-328	-90	-74	282
Consolidated Net Income / (Loss)	-520	-92	-526	-328	-90	-74	282
Depreciation Expense	8.67	12	15	19	23	17	17
Amortization Expense	37	49	41	58	47	60	99
Non-Cash Adjustments To Reconcile Net Income	130	56	474	387	357	359	316
Changes in Operating Assets and Liabilities, net	-15	4.72	-59	-146	-38	-42	-343
Net Cash From Investing Activities	-40	-126	-35	-289	-440	-46	-22
Net Cash From Continuing Investing Activities	-40	-126	-35	-289	-440	-46	-22
Purchase of Property, Plant & Equipment	-21	-3.19	-12	-24	-7.34	-15	-19
Acquisitions	-19	-20	-5.50	-30	0.00	0.00	-25
Purchase of Investments	0.00	-103	-213	-388	-1,486	-1,470	-772
Sale and/or Maturity of Investments	0.00	0.00	197	151	1,051	1,476	809
Other Investing Activities, net	-	0.00	-2.73	1.20	2.75	-36	-15
Net Cash From Financing Activities	458	250	1,470	-61	-197	-451	-372
Net Cash From Continuing Financing Activities	458	250	1,470	-61	-197	-451	-372
Repurchase of Common Equity	-129	-0.73	-3.73	0.00	-103	-391	-329
Issuance of Common Equity	0.00	0.00	711	15	18	16	15
Other Financing Activities, net	3.60	26	12	-74	-112	-75	-58
Effect of Exchange Rate Changes	3.19	-17	18	-6.81	-2.62	-7.03	16
Cash Interest Paid	0.10	1.71	0.69	0.65	0.56	0.31	0.00
Cash Income Taxes Paid	3.53	4.51	8.45	21	11	17	9.81

This table details how cash moves in and out of UiPath's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026	Q4 2026	Q1 2027	Q2 2027
Period end date	1/31/2024	4/30/2024	7/31/2024	10/31/2024	1/31/2025	4/30/2025	7/31/2025	10/31/2025	1/31/2026	4/30/2026	7/31/2026
Net Change in Cash & Equivalents	59	85	-207	-166	106	-179	-72	115	127	-238	-25
Net Cash From Operating Activities	146	100	46	28	146	119	42	28	182	132	31
Net Cash From Continuing Operating Activities	146	100	46	28	146	119	42	28	182	132	31
Net Income / (Loss) Continuing Operations	34	-29	-86	-11	52	-23	1.58	199	104	23	36
Consolidated Net Income / (Loss)	34	-29	-86	-11	52	-23	1.58	199	104	23	36
Depreciation Expense	6.04	4.90	4.58	4.53	3.22	3.25	4.23	4.51	4.97	7.51	9.01
Amortization Expense	27	9.20	8.19	16	24	18	28	16	37	23	28
Non-Cash Adjustments To Reconcile Net Income	67	86	87	87	118	85	48	84	100	41	13
Changes in Operating Assets and Liabilities, net	12	28	33	-68	-51	36	-40	-275	-64	37	-55
Net Cash From Investing Activities	-8.64	36	-42	-23	-17	-80	-0.66	101	-43	-113	-16
Net Cash From Continuing Investing Activities	-8.64	36	-42	-23	-17	-80	-0.66	101	-43	-113	-16
Purchase of Property, Plant & Equipment	-3.78	-1.24	-1.42	-4.88	-7.39	-13	-	-3.16	-3.05	-2.68	-1.39
Purchase of Investments	-479	-323	-410	-464	-308	-153	-147	-207	-265	-155	-154
Sale and/or Maturity of Investments	475	360	370	446	299	111	146	328	224	190	140
Other Investing Activities, net	-	-	-	-	-	0.00	-	-	1.49	4.63	0.49
Net Cash From Financing Activities	-82	-46	-215	-173	-17	-235	-112	-11	-14	-252	-35
Net Cash From Continuing Financing Activities	-82	-46	-215	-173	-17	-235	-112	-11	-14	-252	-35
Repurchase of Common Equity	-50	-22	-197	-163	-9.35	-228	-102	-	-	-244	-25
Issuance of Common Equity	3.30	4.92	3.73	4.25	2.71	4.21	3.86	3.80	3.00	4.03	3.33
Other Financing Activities, net	-35	-29	-17	-14	-10	-12	-14	-15	-17	-12	-14
Effect of Exchange Rate Changes	3.55	-5.13	3.13	1.80	-6.84	18	-1.35	-2.83	2.20	-4.82	-4.82
Cash Income Taxes Paid	1.69	7.39	4.66	3.64	1.01	6.05	5.08	1.45	-2.77	4.97	9.24

This table presents UiPath's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2021	2022	2023	2024	2025	2026
Period end date	1/31/2021	1/31/2022	1/31/2023	1/31/2024	1/31/2025	1/31/2026
Total Assets	866	2,572	2,735	2,955	2,865	3,179
Total Current Assets	734	2,277	2,344	2,580	2,339	2,244
Cash & Equivalents	358	1,769	1,402	1,062	879	871
Restricted Cash	7.00	-	0.00	0.44	0.44	0.44
Short-Term Investments	103	96	355	818	750	601
Accounts Receivable	172	252	374	436	451	488
Prepaid Expenses	50	55	94	105	86	106
Other Current Assets	45	105	119	159	171	177
Plant, Property, & Equipment, net	15	17	29	24	33	46
Total Noncurrent Assets	115	278	362	350	494	889
Long-Term Investments	-	20	2.94	0.00	94	217
Goodwill	28	54	88	89	87	125
Intangible Assets	10	17	23	15	7.91	20
Noncurrent Deferred & Refundable Income Taxes	8.12	11	5.90	4.68	28	233
Other Noncurrent Operating Assets	69	177	242	242	277	294
Total Liabilities & Shareholders' Equity	866	2,572	2,735	2,955	2,865	3,179
Total Liabilities	448	651	815	939	1,020	1,097
Total Current Liabilities	365	528	626	712	799	905
Accounts Payable	6.68	12	8.89	3.45	33	10
Accrued Expenses	37	88	77	84	84	170
Current Deferred Revenue	211	297	398	487	569	604
Current Employee Benefit Liabilities	111	131	143	137	112	121
Total Noncurrent Liabilities	83	123	189	227	221	191
Noncurrent Deferred Revenue	61	69	122	161	136	104
Other Noncurrent Operating Liabilities	22	54	67	66	85	88
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-804	1,922	1,920	2,016	1,846	2,083
Total Preferred & Common Equity	-804	1,922	1,920	2,016	1,846	2,083
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	-804	1,922	1,920	2,016	1,846	2,083
Common Stock	179	3,407	3,737	4,024	4,333	4,585
Retained Earnings	-970	-1,496	-1,824	-1,914	-1,988	-1,706
Treasury Stock	-	-	0.00	-103	-495	-834
Accumulated Other Comprehensive Income / (Loss)	-13	11	7.61	8.83	-4.89	37

This table presents UiPath's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026	Q3 2026	Q1 2027	Q2 2027
Period end date	4/30/2023	7/31/2023	10/31/2023	4/30/2024	7/31/2024	10/31/2024	4/30/2025	7/31/2025	10/31/2025	4/30/2026	7/31/2026
Total Assets	2,643	2,670	2,787	2,845	2,701	2,663	2,644	2,592	2,896	2,905	2,907
Total Current Assets	2,257	2,304	2,430	2,469	2,274	2,176	2,110	2,031	2,093	1,918	1,927
Cash & Equivalents	1,312	1,094	1,003	1,147	939	774	701	629	744	632	607
Restricted Cash	-	0.40	0.44	0.44	0.44	0.44	0.44	0.44	0.44	1.48	1.48
Short-Term Investments	469	736	814	789	804	795	854	819	655	675	677
Accounts Receivable	233	226	373	271	268	336	267	270	367	300	307
Prepaid Expenses	121	107	91	98	85	81	99	110	112	113	112
Other Current Assets	122	140	148	164	178	190	188	203	216	197	222
Plant, Property, & Equipment, net	27	25	23	23	22	25	42	42	45	46	46
Total Noncurrent Assets	358	342	335	353	405	462	493	520	758	941	934
Long-Term Investments	5.71	0.00	0.00	0.96	-	34	36	75	122	109	121
Goodwill	89	90	87	88	90	90	121	121	121	186	179
Intangible Assets	21	19	16	13	11	9.33	24	22	22	100	101
Noncurrent Deferred & Refundable Income Taxes	5.92	5.57	5.14	3.90	3.76	28	29	26	213	250	230
Other Noncurrent Operating Assets	236	227	226	247	301	300	281	276	281	297	302
Total Liabilities & Shareholders' Equity	2,643	2,670	2,787	2,845	2,701	2,663	2,644	2,592	2,896	2,905	2,907
Total Liabilities	687	687	826	818	868	931	946	927	971	1,002	959
Total Current Liabilities	503	518	628	598	633	695	716	738	789	832	807
Accounts Payable	5.73	1.89	14	6.86	9.91	18	17	20	14	20	17
Accrued Expenses	63	64	108	85	83	94	123	146	152	179	157
Current Deferred Revenue	386	384	406	465	463	494	531	507	534	572	544
Current Employee Benefit Liabilities	49	68	100	41	77	89	45	66	89	61	90
Total Noncurrent Liabilities	184	169	198	220	235	236	230	188	183	170	152
Noncurrent Deferred Revenue	113	104	133	151	150	149	141	104	99	86	72
Other Noncurrent Operating Liabilities	71	65	66	70	85	87	16	84	84	84	80
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,956	1,983	1,961	2,027	1,834	1,732	1,698	1,666	1,925	1,903	1,949
Total Preferred & Common Equity	1,956	1,983	1,961	2,027	1,834	1,732	1,698	1,666	1,925	1,903	1,949
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,956	1,983	1,961	2,027	1,834	1,732	1,698	1,666	1,925	1,903	1,949
Common Stock	3,802	3,888	3,959	4,090	4,177	4,250	4,404	4,475	4,531	4,628	4,674
Retained Earnings	-1,856	-1,917	-1,948	-1,943	-2,029	-2,040	-2,010	-2,009	-1,810	-1,683	-1,647
Treasury Stock	-	-	-53	-125	-322	-487	-724	-825	-824	-1,070	-1,093
Accumulated Other Comprehensive Income / (Loss)	10	12	3.16	4.74	8.11	8.92	30	25	28	27	15

This table displays calculated financial ratios and metrics derived from UiPath's official financial filings.

Metric	2020	2021	2022	2023	2024	2025	2026
Period end date	1/31/2020	1/31/2021	1/31/2022	1/31/2023	1/31/2024	1/31/2025	1/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	534,749,684.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	534,749,684.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	0.53
Growth Metrics	-	-	-	-	-	-	-
Profitability Metrics	-	-	-	-	-	-	-
Net Operating Profit after Tax (NOPAT)	-362	-77	-351	-244	-115	-114	159
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-12.70%	-5.72%	-6.17%	7.65%
Earnings before Interest and Taxes (EBIT)	-524	-96	-514	-346	-133	-128	53
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-478	-35	-459	-269	-50	-50	169
Valuation Ratios	-	-	-	-	-	-	-
Leverage & Solvency	-	-	-	-	-	-	-
Liquidity Ratios	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-26	-439	-367	-91	-100	-112
Efficiency Ratios	-	-	-	-	-	-	-
Capital & Investment Metrics	-	-	-	-	-	-	-
Invested Capital	0.00	-51	37	160	136	122	393
Increase / (Decrease) in Invested Capital	0.00	-51	89	123	-24	-14	271
Book Value per Share	$0.00	($4.78)	$3.66	$3.47	$3.56	$3.36	$3.89
Tangible Book Value per Share	$0.00	($5.00)	$3.53	$3.27	$3.38	$3.19	$3.62
Total Capital	0.00	418	1,922	1,920	2,016	1,846	2,083
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	0.00	-468	-1,885	-1,760	-1,880	-1,724	-1,690
Capital Expenditures (CapEx)	21	3.19	12	24	7.34	15	19
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-98	-115	-39	-12	-90	-134
Debt-free Net Working Capital (DFNWC)	0.00	369	1,750	1,718	1,869	1,540	1,339
Net Working Capital (NWC)	0.00	369	1,750	1,718	1,869	1,540	1,339
Net Nonoperating Expense (NNE)	158	15	175	85	-25	-40	-123
Net Nonoperating Obligations (NNO)	0.00	-470	-1,885	-1,760	-1,880	-1,724	-1,690
Total Depreciation and Amortization (D&A)	46	61	56	77	83	78	116
Earnings Adjustments	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	($1.16)	($0.60)	($0.16)	($0.13)	$0.52
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	454.63M	548.02M	563.86M	559.93M	538.13M
Adjusted Diluted Earnings per Share	$0.00	$0.00	($1.16)	($0.60)	($0.16)	($0.13)	$0.52
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	454.63M	548.02M	563.86M	559.93M	544.86M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	542.09M	557.42M	569.01M	551.49M	523.92M
Normalized Net Operating Profit after Tax (NOPAT)	-362	-77	-351	-244	-115	-114	40
Debt Service Ratios	-	-	-	-	-	-	-
Payout Ratios	-	-	-	-	-	-	-

This table displays calculated financial ratios and metrics derived from UiPath's official financial filings.

Metric	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026	Q4 2026	Q1 2027	Q2 2027
Period end date	1/31/2024	4/30/2024	7/31/2024	10/31/2024	1/31/2025	4/30/2025	7/31/2025	10/31/2025	1/31/2026	4/30/2026	7/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	534,749,684.00	523,921,872.00	518,120,266.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	534,749,684.00	523,921,872.00	518,120,266.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	0.20	0.04	0.07
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	31.34%	15.72%	10.07%	8.82%	4.54%	6.42%	14.38%	15.92%	-	17.32%	13.42%
EBITDA Growth	335.53%	20.04%	-53.29%	35.23%	27.86%	53.70%	129.92%	316.71%	-	638.03%	424.07%
EBIT Growth	153.64%	7.91%	-36.41%	15.54%	98.59%	16.53%	90.93%	136.26%	-	194.41%	585.03%
NOPAT Growth	144.27%	-6.58%	-33.21%	22.31%	127.80%	66.82%	86.72%	448.17%	-	233.94%	324.54%
Net Income Growth	222.49%	9.92%	-42.64%	66.21%	52.71%	21.51%	101.84%	1,966.16%	-	199.87%	2,178.35%
EPS Growth	240.00%	16.67%	-36.36%	66.67%	28.57%	20.00%	100.00%	1,950.00%	-	200.00%	0.00%
Operating Cash Flow Growth	54.97%	48.55%	4.72%	-32.93%	0.33%	18.96%	-10.33%	0.72%	-	10.86%	-26.18%
Free Cash Flow Firm Growth	124.87%	136.23%	89.38%	-484.99%	19.68%	-327.88%	-616.76%	-1,058.92%	-	-186.45%	-504.86%
Invested Capital Growth	-15.26%	-46.76%	-41.48%	-10.88%	-10.42%	99.80%	58.88%	216.00%	-	169.92%	280.05%
Revenue Q/Q Growth	24.34%	-17.31%	-5.63%	12.14%	19.45%	-15.82%	1.43%	13.65%	-	-13.04%	-1.94%
EBITDA Q/Q Growth	327.60%	-166.88%	-290.72%	81.31%	549.33%	-116.42%	307.83%	41.28%	-	-49.93%	28.37%
EBIT Q/Q Growth	150.79%	-281.42%	-146.58%	62.82%	219.42%	-176.26%	73.20%	248.57%	-	-62.15%	37.68%
NOPAT Q/Q Growth	135.80%	-347.51%	-108.93%	58.04%	204.98%	-136.05%	16.35%	1,199.73%	-	-83.04%	40.23%
Net Income Q/Q Growth	207.54%	-184.73%	-199.61%	87.62%	586.10%	-143.55%	107.02%	12,452.97%	-	-78.44%	60.22%
EPS Q/Q Growth	216.67%	-171.43%	-200.00%	86.67%	550.00%	-144.44%	100.00%	0.00%	-	-78.95%	75.00%
Operating Cash Flow Q/Q Growth	247.88%	-31.29%	-53.64%	-39.47%	420.42%	-18.54%	-65.05%	-32.02%	-	-27.65%	-76.73%
Free Cash Flow Firm Q/Q Growth	1,627.20%	15.68%	-119.59%	-69.03%	412.44%	-320.25%	38.38%	-173.31%	-	-61.11%	-30.11%
Invested Capital Q/Q Growth	-5.39%	-33.70%	-0.33%	42.55%	-4.90%	47.88%	-20.74%	183.53%	-	23.70%	11.59%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	86.84%	83.49%	79.98%	82.02%	84.77%	82.09%	82.20%	83.26%	-	81.61%	80.36%
EBITDA Margin	13.43%	-6.33%	-26.20%	-4.37%	16.43%	-3.20%	6.57%	8.16%	-	14.70%	19.24%
Operating Margin	3.72%	-14.76%	-32.68%	-12.23%	7.93%	-4.60%	-5.58%	3.18%	-	6.69%	7.70%
EBIT Margin	5.28%	-11.57%	-30.24%	-10.03%	10.02%	-9.08%	-2.40%	3.14%	-	7.31%	10.26%
Profit (Net Income) Margin	8.37%	-8.58%	-27.22%	-3.00%	12.23%	-6.32%	0.44%	48.37%	-	5.38%	8.80%
Tax Burden Percent	92.68%	115.15%	104.65%	41.79%	94.82%	114.33%	47.61%	808.55%	-	54.98%	68.28%
Interest Burden Percent	171.18%	64.34%	86.02%	71.72%	128.66%	60.93%	-38.34%	190.77%	-	134.03%	125.59%
Effective Tax Rate	7.32%	0.00%	0.00%	0.00%	5.18%	0.00%	52.39%	-708.55%	-	45.02%	31.72%
Return on Invested Capital (ROIC)	30.49%	-107.90%	-260.12%	-88.96%	83.51%	-34.63%	-34.22%	150.00%	-	18.48%	26.44%
ROIC Less NNEP Spread (ROIC-NNEP)	29.40%	-108.21%	-259.35%	-90.11%	82.41%	-33.99%	-34.90%	144.04%	-	17.99%	25.45%
Return on Net Nonoperating Assets (RNNOA)	-27.19%	101.17%	242.83%	83.49%	-76.91%	31.52%	32.59%	-123.06%	-	-14.67%	-20.63%
Return on Equity (ROE)	3.31%	-6.73%	-17.29%	-5.47%	6.60%	-3.10%	-1.63%	26.93%	-	3.81%	5.81%
Cash Return on Invested Capital (CROIC)	-61.34%	-29.57%	-59.09%	-81.85%	-77.38%	-133.73%	-108.72%	-90.00%	-	-30.19%	-39.99%
Operating Return on Assets (OROA)	2.43%	-5.71%	-15.57%	-5.19%	4.92%	-4.80%	-1.36%	1.75%	-	4.40%	6.42%
Return on Assets (ROA)	3.85%	-4.23%	-14.01%	-1.56%	6.01%	-3.34%	0.25%	27.02%	-	3.25%	5.51%
Return on Common Equity (ROCE)	3.31%	-6.73%	-17.29%	-5.47%	6.60%	-3.10%	-1.63%	26.93%	-	3.81%	5.81%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-4.28%	-6.13%	-5.29%	0.00%	-3.98%	0.00%	0.00%	-	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	14	-35	-72	-30	32	-11	-9.61	106	91	15	22
NOPAT Margin	3.45%	-10.33%	-22.88%	-8.56%	7.52%	-3.22%	-2.66%	25.71%	-	3.68%	5.26%
Net Nonoperating Expense Percent (NNEP)	1.09%	0.32%	-0.77%	1.15%	1.11%	-0.64%	0.69%	5.96%	-	0.49%	0.99%
Return On Investment Capital (ROIC_SIMPLE)	0.69%	-	-	-	1.73%	-0.65%	-0.58%	5.49%	4.36%	0.81%	1.11%
Cost of Revenue to Revenue	13.16%	16.51%	20.02%	17.98%	15.23%	17.91%	17.80%	16.74%	-	18.39%	19.64%
SG&A Expenses to Revenue	14.67%	18.95%	20.08%	14.12%	11.57%	15.33%	14.62%	12.93%	-	12.60%	12.20%
R&D to Revenue	21.13%	25.54%	31.12%	27.34%	23.53%	26.59%	27.19%	23.56%	-	22.21%	20.33%
Operating Expenses to Revenue	83.11%	98.25%	112.66%	94.25%	76.83%	86.70%	87.78%	80.08%	-	74.92%	72.65%
Earnings before Interest and Taxes (EBIT)	21	-39	-96	-36	42	-32	-8.68	13	81	31	42
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	54	-21	-83	-15	70	-11	24	34	123	61	79
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	6.45	5.33	3.80	3.93	4.23	3.88	3.77	4.38	-	2.84	3.39
Price to Tangible Book Value (P/TBV)	6.80	5.60	4.02	4.16	4.46	4.24	4.13	4.73	-	3.34	3.96
Price to Revenue (P/Rev)	9.94	7.97	5.04	4.82	5.47	4.54	4.20	5.42	-	3.23	3.84
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	311.72	36.67	-	16.48	18.27
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.32%	2.73%	-	6.07%	5.47%
Enterprise Value to Invested Capital (EV/IC)	81.91	98.34	58.23	40.58	50.05	28.15	33.40	17.07	-	8.19	9.60
Enterprise Value to Revenue (EV/Rev)	8.51	6.54	3.78	3.68	4.26	3.49	3.18	4.44	-	2.38	3.02
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	71.72	59.77	-	16.47	17.04
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	482.81	-	34.44	31.30
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	187.22	-	19.38	19.83
Enterprise Value to Operating Cash Flow (EV/OCF)	37.21	26.70	15.66	16.23	19.00	14.92	14.23	20.61	-	10.36	13.94
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.04	0.00	0.00	-	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.04	0.00	0.00	-	0.00	0.00
Financial Leverage	-0.92	-0.93	-0.94	-0.93	-0.93	-0.93	-0.93	-0.85	-	-0.82	-0.81
Leverage Ratio	1.45	1.38	1.41	1.48	1.51	1.47	1.51	1.52	-	1.54	1.52
Compound Leverage Factor	2.47	0.89	1.21	1.06	1.94	0.90	-0.58	2.90	-	2.07	1.91
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	4.14%	0.00%	0.00%	-	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	4.14%	0.00%	0.00%	-	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	95.86%	100.00%	100.00%	-	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	-2.00	0.00	0.00	-	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	41.35	0.00	0.00	-	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	-2.00	0.00	0.00	-	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	-0.81	0.00	0.00	-	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	16.75	0.00	0.00	-	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	-0.81	0.00	0.00	-	0.00	0.00
Altman Z-Score	8.63	8.18	4.89	4.46	4.82	4.25	4.15	5.42	-	3.48	4.45
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.63	4.13	3.60	3.13	2.93	2.95	2.75	2.65	-	2.31	2.39
Quick Ratio	3.25	3.69	3.18	2.74	2.60	2.54	2.33	2.24	-	1.93	1.97
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	38	44	-8.72	-15	46	-101	-62	-171	-180	-290	-378
Operating Cash Flow to CapEx	3,847.83%	8,080.53%	3,270.52%	575.79%	1,976.22%	927.38%	0.00%	893.52%	-	4,915.35%	2,210.15%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.46	0.49	0.51	0.52	0.49	0.53	0.57	0.56	-	0.60	0.63
Accounts Receivable Turnover	3.23	5.37	5.60	3.98	3.22	5.40	5.57	4.42	-	5.90	5.97
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00
Fixed Asset Turnover	49.34	54.52	59.19	59.25	50.41	44.86	47.08	44.54	-	38.20	39.12
Accounts Payable Turnover	31.76	32.95	37.62	14.69	13.48	21.51	17.30	16.00	-	15.53	16.41
Days Sales Outstanding (DSO)	113.08	67.94	65.21	91.71	113.28	67.56	65.54	82.59	-	61.83	61.18
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00
Days Payable Outstanding (DPO)	11.49	11.08	9.70	24.84	27.07	16.97	21.10	22.82	-	23.50	22.24
Cash Conversion Cycle (CCC)	101.59	56.87	55.51	66.87	86.21	50.60	44.45	59.78	-	38.33	38.94
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	136	90	90	128	122	180	143	404	393	486	542
Invested Capital Turnover	8.83	10.44	11.37	10.39	11.10	10.75	12.88	5.83	-	5.02	5.03
Increase / (Decrease) in Invested Capital	-24	-79	-64	-16	-14	90	53	276	271	306	399
Enterprise Value (EV)	11,128	8,857	5,227	5,194	6,091	5,066	4,764	6,902	-	3,979	5,205
Market Capitalization	13,008	10,794	6,971	6,797	7,815	6,585	6,287	8,422	-	5,396	6,611
Book Value per Share	$3.56	$3.56	$3.20	$3.15	$3.36	$3.08	$3.11	$3.62	$3.89	$3.63	$3.76
Tangible Book Value per Share	$3.38	$3.38	$3.03	$2.97	$3.19	$2.82	$2.85	$3.36	$3.62	$3.09	$3.22
Total Capital	2,016	2,027	1,834	1,732	1,846	1,772	1,666	1,925	2,083	1,903	1,949
Total Debt	0.00	0.00	0.00	0.00	0.00	73	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	73	0.00	0.00	0.00	0.00	0.00
Net Debt	-1,880	-1,937	-1,744	-1,604	-1,724	-1,519	-1,523	-1,520	-1,690	-1,417	-1,407
Capital Expenditures (CapEx)	3.78	1.24	1.42	4.88	7.39	13	0.00	3.16	3.05	2.68	1.39
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-12	-64	-102	-88	-90	-162	-156	-94	-134	-222	-166
Debt-free Net Working Capital (DFNWC)	1,869	1,872	1,642	1,481	1,540	1,394	1,292	1,305	1,339	1,087	1,119
Net Working Capital (NWC)	1,869	1,872	1,642	1,481	1,540	1,394	1,292	1,305	1,339	1,087	1,119
Net Nonoperating Expense (NNE)	-20	-5.89	14	-20	-20	11	-11	-93	-14	-7.14	-15
Net Nonoperating Obligations (NNO)	-1,880	-1,937	-1,744	-1,604	-1,724	-1,519	-1,523	-1,520	-1,690	-1,417	-1,407
Total Depreciation and Amortization (D&A)	33	18	13	20	27	21	32	21	42	31	37
Debt-free, Cash-free Net Working Capital to Revenue	-0.88%	-4.75%	-7.38%	-6.27%	-6.32%	-11.14%	-10.40%	-6.05%	-	-13.28%	-9.65%
Debt-free Net Working Capital to Revenue	142.86%	138.27%	118.75%	104.94%	107.69%	96.05%	86.35%	84.00%	-	64.98%	65.05%
Net Working Capital to Revenue	142.86%	138.27%	118.75%	104.94%	107.69%	96.05%	86.35%	84.00%	-	64.98%	65.05%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.07	($0.05)	($0.15)	($0.02)	$0.09	($0.04)	$0.00	$0.37	$0.19	$0.04	$0.07
Adjusted Weighted Average Basic Shares Outstanding	563.86M	569.93M	568.04M	551.04M	559.93M	548.45M	536.17M	532.26M	538.13M	523.58M	519.65M
Adjusted Diluted Earnings per Share	$0.07	($0.05)	($0.15)	($0.02)	$0.09	($0.04)	$0.00	$0.37	$0.19	$0.04	$0.07
Adjusted Weighted Average Diluted Shares Outstanding	563.86M	569.93M	568.04M	551.04M	559.93M	548.45M	542.87M	539.02M	544.86M	527.82M	523.01M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	569.01M	572.78M	549.96M	549.60M	551.49M	535.04M	531.02M	534.75M	523.92M	518.12M	521.16M
Normalized Net Operating Profit after Tax (NOPAT)	14	-35	-72	-30	32	-11	-14	9.15	56	15	22
Normalized NOPAT Margin	3.45%	-10.33%	-22.88%	-8.56%	7.52%	-3.22%	-3.91%	2.23%	-	3.68%	5.26%
Pre Tax Income Margin	9.03%	-7.45%	-26.01%	-7.19%	12.89%	-5.53%	0.92%	5.98%	-	9.79%	12.88%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%	0.00%
Augmented Payout Ratio	-114.17%	-143.71%	-285.78%	-471.07%	-530.23%	-883.19%	2,484.63%	147.37%	-	105.49%	74.20%

Financials Breakdown Chart

Key Financial Trends

UiPath’s latest quarter showed clear improvement in profitability and cash generation, but the operating trend is still uneven. In Q1 fiscal 2027, revenue rose to $418.4 million from $361.7 million a year ago, and the company produced $22.5 million in net income versus a loss in the prior-year quarter. Operating cash flow also improved sharply to $131.9 million, helped by strong non-cash add-backs and working capital changes. That said, growth is not fully linear: revenue was down sequentially from Q4 fiscal 2026, and operating income was much lower than the prior quarter.

Over the last several years, UiPath has moved from heavy losses toward a much more balanced model. Revenue has generally trended higher year over year, gross margins remain strong, and the company has stayed cash-rich. However, operating expenses—especially marketing and R&D—have remained elevated, which has kept profitability volatile. The company is now consistently generating cash from operations, but it is still relying on investment income and share repurchases to shape bottom-line results.

Revenue grew year over year in Q1 fiscal 2027 to $418.4 million, up from $361.7 million in Q1 fiscal 2026.
Gross profit remained very strong at $341.5 million, showing the business still has attractive software margins.
Net income turned positive at $22.5 million in Q1 fiscal 2027, versus a loss a year earlier.
Operating cash flow improved sharply to $131.9 million in Q1 fiscal 2027, up from $119.0 million in the prior-year quarter.
Liquidity is solid, with $632.2 million in cash and equivalents plus $675.0 million in short-term investments at the end of Q1 fiscal 2027.
Deferred revenue remains substantial at $572.1 million current and $86.2 million noncurrent, which supports future recognized revenue.
UiPath continues to use buybacks, repurchasing $243.8 million of stock in Q1 fiscal 2027.
Investment income still matters, contributing a meaningful amount to pre-tax results alongside core operations.
Revenue declined sequentially from $481.1 million in Q4 fiscal 2026 to $418.4 million in Q1 fiscal 2027.
Operating expenses remain high, with $313.5 million of operating costs in Q1 fiscal 2027, limiting operating leverage.
Operating income dropped sharply quarter over quarter to $28.0 million from $80.3 million in Q4 fiscal 2026.
Share count remains elevated, with weighted average diluted shares of 527.8 million in the latest quarter, which can cap EPS growth.

Looking at the broader trend, the biggest positive is that UiPath has stabilized its business model. In earlier periods, such as fiscal 2023 and early fiscal 2024, the company posted large losses and negative operating cash flow. Since then, the company has generally improved revenue, narrowed losses, and eventually reached consistent profitability in recent quarters. Balance sheet strength also gives management flexibility to keep investing and repurchasing shares.

The main risk is execution consistency. Revenue growth has not been smooth from quarter to quarter, and the company’s expense structure is still large relative to sales. If growth slows while marketing and R&D stay elevated, margins could compress again. For investors, UiPath looks financially healthier than it did a couple of years ago, but the stock likely still depends on sustained revenue growth and continued operating discipline.

09/12/26 03:07 PM ETAI Generated. May Contain Errors.

UiPath Financials - Frequently Asked Questions

According to the most recent income statement we have on file, UiPath's fiscal year ends in January. Their fiscal year 2026 ended on January 31, 2026.

UiPath's net income appears to be on a downward trend, with a most recent value of $282.33 million in 2026, falling from -$519.93 million in 2020. The previous period was -$73.69 million in 2025. See where experts think UiPath is headed by visiting UiPath's forecast page.

UiPath's total operating income in 2026 was $56.76 million, based on the following breakdown:

Total Gross Profit: $1.34 billion
Total Operating Expenses: $1.28 billion

Over the last 6 years, UiPath's total revenue changed from $336.16 million in 2020 to $1.61 billion in 2026, a change of 379.1%.

UiPath's total liabilities were at $1.10 billion at the end of 2026, a 7.6% increase from 2025, and a 144.7% increase since 2021.

In the past 5 years, UiPath's cash and equivalents has ranged from $357.69 million in 2021 to $1.77 billion in 2022, and is currently $871.16 million as of their latest financial filing in 2026.

Over the last 6 years, UiPath's book value per share changed from 0.00 in 2020 to 3.89 in 2026, a change of 389.5%.

Related Companies

Financial statements for NYSE:PATH last updated on 9/8/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

From Our Partners

Unlock superior investment research and tools.

Get MarketBeat All Access

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

UiPath (PATH) Financials

Financials Breakdown Chart

Key Financial Trends

UiPath Financials - Frequently Asked Questions

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

UiPath (PATH) Financials

Annual Income Statements for UiPath

Quarterly Income Statements for UiPath

Annual Cash Flow Statements for UiPath

Quarterly Cash Flow Statements for UiPath

Annual Balance Sheets for UiPath

Quarterly Balance Sheets for UiPath

Annual Metrics And Ratios for UiPath

Quarterly Metrics And Ratios for UiPath

Financials Breakdown Chart

Key Financial Trends

UiPath Financials - Frequently Asked Questions

When does UiPath's financial year end?

How has UiPath's net income changed over the last 6 years?

What is UiPath's operating income?

How has UiPath's revenue changed over the last 6 years?

How much debt does UiPath have?

How much cash does UiPath have?

How has UiPath's book value per share changed over the last 6 years?

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools