UiPath, Inc.PATH
NYSE•Technology•Software - Infrastructure
UiPath, Inc. provides an automation platform that offers a range of robotic process automation (RPA) solutions primarily in the United States, Romania, the United Kingdom, the Netherlands, and internationally. It offers the UiPath platform, an integrated enterprise software platform that enables AI agents, robots, people, and models to work together in coordinated workflows. The company's UiPath platform includes the UiPath Maestro process orchestration and process intelligence; UiPath agent builder; RPA and API automation; UiPath intelligent xtraction and processing; UiPath test cloud for testing and quality assurance; UiPath packaged and prebuilt agentic solutions; and centralized governance capabilities that apply across automations, AI agents, and manual tasks. It serves the financial services, healthcare, manufacturing, retail, and public sectors. The company was founded in 2005 and is headquartered in New York, New York.
UiPath, Inc. (PATH) reported trailing twelve months revenue of $1.61B as of January 2026, a 12.7% increase year-over-year. Quarterly revenue reached $481.11M, reflecting continued top-line momentum.
UiPath, Inc. generated $282.33M in TTM net income, with quarterly EBITDA of $85.25M. The operating margin expanded from 7.9% to 16.7%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (16.7%) and net margin (21.7%) indicates tight cost control with minimal non-operating drag. Net margin has improved from 12.2% a year ago, signaling stronger bottom-line efficiency.
PATH trades at a P/E of 24.3x (in line with broad market averages) and a P/S of 4.3x. The price-to-book ratio of 3.3x reflects a moderate premium to book value.
The company generated $179.30M in free cash flow over the trailing twelve months, a 29.3% increase year-over-year, indicating cash generation ability. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are under pressure, averaging -5.3%. The business may lack pricing power or face rising costs.'
ROE is low or negative, suggesting limited competitive advantage or capital allocation challenges.
Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.
TTM revenue has grown consistently (7 of 7 quarters up), with ~19.0% growth over the period. Strong demand durability.
Data-driven red flags and warnings across 21 quarters
The company posted negative operating margins in recent quarters — core operations are unprofitable.
FCF consistently trails net income (avg 2.5x) — earnings may be inflated by non-cash items or aggressive accounting.
Limited debt-to-equity data available.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Shares decreased 4.3% — net buybacks are reducing shares outstanding and boosting per-share value.