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UiPath

PATH NYSE Systems Software Financials FY2020–FY2026

UiPath's revenue rose 12.7% to $1.6 billion in fiscal 2026. Its operating margin was 3.5%, up from −11.4% a year earlier. Free cash flow was $352 million, up 15.2%. It paid out $329 million in dividends and buybacks, 93% of free cash flow. The diluted share count fell 2.7%.

Last close · Oct 23, 2026

$14.13

1.4%
Value it Compare
Revenue Total sales reported in the income statement.
$1.6B
12.7% vs prior year
Operating margin Operating income as a share of revenue.
3.5%
14.9 pts
Net income Profit after all expenses, interest and tax.
$282M
Free cash flow Cash from operations minus capital spending.
$352M
15.2%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
13.7%
Market cap Last close times the latest diluted share count, so it is approximate.
$7.4B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
21.1x
On $0.67 EPS (TTM)

About these figures. UiPath has no borrowings (its balance sheets have no debt line), so debt is counted as zero. UiPath's interest coverage is blank for fiscal 2026: it has no borrowings and reported no interest expense.

What UiPath does

No business description yet.

Legal name
UiPath, Inc.
Fiscal year ends
January 31, 2026
Latest annual report
—
Accession · CIK
0001734722-26-000012
0001734722

Revenue and margins

UiPath had $1.6B of revenue in fiscal 2026, up 12.7% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $352M in fiscal 2026, 21.9% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

UiPath returned $329M to shareholders in fiscal 2026, 93% of free cash flow. The diluted share count fell 2.7%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value UiPath yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

—

Adds net cash of $1.5B and divides by 544.9M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Earnings multiple

Value per share

—

Reference multiples: today 21.1x · peers 60.8x · sector 33.5x.

Balance sheet

Cash, debt and the ratios that show how comfortably UiPath can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY22FY23FY24FY25FY26
Cash and short-term investments $1.9B$1.8B$1.9B$1.6B$1.5B
Debt incl. finance leases $0.0M$0.0M$0.0M$0.0M$0.0M
Net debt / EBITDA ————−20.0x
Debt / equity 0.0x0.0x0.0x0.0x0.0x
Interest coverage −725.0x−535.0x−292.6x−526.1x—
Current ratio 4.3x3.7x3.6x2.9x2.5x
Quick ratio 4.3x3.7x3.6x2.9x2.5x
Total assets $2.6B$2.7B$3.0B$2.9B$3.2B
Total liabilities $651M$815M$939M$1.0B$1.1B
Shareholders' equity $1.9B$1.9B$2.0B$1.8B$2.1B
Net debt (− = net cash) −$1.9B−$1.8B−$1.9B−$1.6B−$1.5B

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.0M

0 insiders

Sold, 12 months

$62.7M

4 insiders

Of sales under plans

100%

$62.7M

DateInsiderTradeSharesPriceValueFiling
Oct 16, 2026 Daniel DinesCEO and Chairman, Director, 10% owner Sold plan 1,250,000 $13.01 $16.3M Form 4
Oct 15, 2026 Daniel DinesCEO and Chairman, Director, 10% owner Sold plan 1,250,000 $13.44 $16.8M Form 4
Sep 17, 2026 Raghavendra MalpaniCpo & CTO Sold plan 40,464 $14.00 $0.6M Form 4
Sep 16, 2026 Raghavendra MalpaniCpo & CTO Sold plan 98,429 $13.81 $1.4M Form 4
Sep 11, 2026 Ashim GuptaCOO Sold plan 117,339 $13.85 $1.6M Form 4
Aug 19, 2026 Daniel DinesCEO and Chairman, Director, 10% owner Sold plan 1,402,347 $16.07 $22.5M Form 4
Aug 14, 2026 Hitesh RamaniChief Accounting Officer Sold plan 25,000 $16.75 $0.4M Form 4
Aug 13, 2026 Hitesh RamaniChief Accounting Officer Sold plan 25,000 $16.50 $0.4M Form 4
Jan 26, 2026 Daniel DinesCEO and Chairman, Director, 10% owner Sold plan 45,000 $15.01 $0.7M Form 4
Jan 23, 2026 Daniel DinesCEO and Chairman, Director, 10% owner Sold plan 45,000 $15.23 $0.7M Form 4
Jan 22, 2026 Daniel DinesCEO and Chairman, Director, 10% owner Sold plan 45,000 $15.02 $0.7M Form 4
Jan 15, 2026 Daniel DinesCEO and Chairman, Director, 10% owner Sold plan 45,000 $15.38 $0.7M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY24FY25FY26
Net income is positive ✕ ✕ ✓
Cash from operations is positive ✓ ✓ ✓
Return on assets rose ✓ ✓ ✓
Cash from operations exceeds net income ✓ ✓ ✓
Debt fell relative to assets ✕ ✕ ✕
Current ratio rose ✕ ✕ ✕
Share count didn't rise ✕ ✓ ✓
Gross margin rose ✓ ✕ ✓
Revenue rose relative to assets ✓ ✓ ✓
F-score 5 / 95 / 97 / 9
Accruals ratio −13.7%−13.6%−2.9%
Altman Z'' 3.922.783.13

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
UiPath PATH $7.4B 12.7% 3.5% 21.9% 13.7% 21.1x 7
Rubrik RBRK $26.5B 48.5% −26.2% 19.2% — — 5 Compare →
CommVault Systems CVLT $7.1B 18.9% 6.3% 20.0% — 107.9x 6 Compare →
Check Point CHKP $17.5B 6.3% 30.5% 43.0% — — 7 Compare →
Nutanix NTNX — 12.4% 9.6% 29.5% — 13.7x — Compare →

7 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY20FY21FY22FY23FY24FY25FY26
Income statement
Revenue $336M $608M $892M $1.1B $1.3B $1.4B $1.6B
Gross profit $277M $542M $723M $879M $1.1B $1.2B $1.3B
Research and development $131M $110M $277M $286M $332M $381M $385M
Operating income −$517M −$110M −$501M −$348M −$165M −$163M $56.8M
Interest expense $0.1M $1.7M $0.7M $0.7M $0.6M $0.3M $0.0M
Pretax income −$517M −$94.7M −$511M −$318M −$75.8M −$78.1M $101M
Income tax $2.8M −$2.3M $14.7M $10.8M $14.1M −$4.4M −$182M
Net income −$520M −$92.4M −$526M −$328M −$89.9M −$73.7M $282M
Diluted EPS −$3.41 −$0.55 −$1.16 −$0.60 −$0.16 −$0.13 $0.52
Diluted shares 0.15B 0.17B 0.45B 0.55B 0.56B 0.56B 0.54B
Cash flow
Cash from operations −$359M $29.2M −$55.0M −$10.0M $299M $321M $371M
Capital expenditure $15.7M $2.0M $8.9M $23.8M $7.3M $14.9M $19.0M
Free cash flow −$375M $27.2M −$63.8M −$33.8M $292M $306M $352M
Depreciation and amortization $8.7M $12.3M $14.7M $18.7M $22.6M $17.2M $17.0M
Stock-based compensation $138M $86.2M $516M $370M $372M $358M $291M
Acquisitions $18.5M $19.7M $5.5M $29.5M $0.0M $0.0M $24.8M
Share buybacks $129M $0.0M $0.0M $0.0M $103M $391M $329M
Dividends paid $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Dividends and buybacks $129M $0.0M $0.0M $0.0M $103M $391M $329M
Balance sheet
Cash and short-term investments $234M $461M $1.9B $1.8B $1.9B $1.6B $1.5B
Total debt $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Finance lease liabilities $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Current assets — $734M $2.3B $2.3B $2.6B $2.3B $2.2B
Current liabilities — $365M $528M $627M $712M $799M $905M
Inventory $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Property and equipment, net — $14.8M $17.2M $29.0M $24.0M $32.7M $46.0M
Total assets — $867M $2.6B $2.7B $3.0B $2.9B $3.2B
Total liabilities — $448M $651M $815M $939M $1.0B $1.1B
Shareholders' equity −$800M −$804M $1.9B $1.9B $2.0B $1.8B $2.1B
Margins
Gross margin 82.3% 89.2% 81.1% 83.0% 85.0% 82.7% 83.2%
Operating margin −153.9% −18.2% −56.1% −32.9% −12.6% −11.4% 3.5%
EBITDA margin −151.3% −16.1% −54.5% −31.1% −10.9% −10.2% 4.6%
Net margin −154.7% −15.2% −58.9% −31.0% −6.9% −5.2% 17.5%
FCF margin −111.6% 4.5% −7.2% −3.2% 22.3% 21.4% 21.9%
Returns
Return on capital — — — — — — 13.7%
Return on capital employed — — −39.4% −16.8% −7.6% −7.5% 2.6%
Return on equity — — −94.0% −17.1% −4.6% −3.8% 14.4%
Return on assets — — −30.6% −12.4% −3.2% −2.5% 9.3%
Growth
Revenue growth — 80.8% 46.8% 18.6% 23.6% 9.3% 12.7%
FCF growth — — −334.5% — — 4.8% 15.2%
Share count change — 10.4% 170.2% 20.5% 2.9% −0.7% −2.7%
Financial health
Net debt / EBITDA — — — — — — −20.0x
Debt / equity — — 0.0x 0.0x 0.0x 0.0x 0.0x
Interest coverage −5,388.4x −64.6x −725.0x −535.0x −292.6x −526.1x —
Current ratio — 2.0x 4.3x 3.7x 3.6x 2.9x 2.5x
Quick ratio — 2.0x 4.3x 3.7x 3.6x 2.9x 2.5x
Capital allocation
Capex / revenue 4.7% 0.3% 1.0% 2.3% 0.6% 1.0% 1.2%
Stock comp / revenue 41.0% 14.2% 57.8% 34.9% 28.4% 25.1% 18.1%
Payouts / FCF — 0.0% — — 35.2% 127.9% 93.5%
Quality scores
Piotroski F-score — — — 3.0 5.0 5.0 7.0
Altman Z'' — −3.6 4.4 3.6 3.9 2.8 3.1
Accruals ratio — — −27.4% −12.0% −13.7% −13.6% −2.9%

Source: SEC EDGAR XBRL filings (CIK 0001734722). Data updated October 16, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

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