NEW YORK STOCK EXCHANGE, INC. · Technology · CIK 0001734722
$13.71
+2.08% · delayed ~15 min
Last price from Oct 21, 2026
$7.38B market value
From UiPath, Inc.'s FY2026 10-K, filed Mar 25, 2026 · read the filing
UiPath makes and sells software and computing services. It took in $1.61B last year, which makes it a mid-sized company. Of every dollar it sells, about 18 cents is left as profit.
The financial picture is led by profitability and debt, with growth worth watching.
A conclusion from the filings, not a recommendation. Detailed figures and supporting evidence appear in their dedicated sections below.
Financial health
Strong finances across the board.
From UiPath, Inc.'s FY2026 annual filing · share price scored separately
Largest year-over-year changes in FY2026
Operating income
-$162.6M → $56.8M
Profit
-$73.7M → $282.3M
Operating margin
-11.4% → 3.5%
Profit margin
-5.2% → 17.5%
Measured against FY2025, from the 10-K filed Mar 25, 2026
Improved: turned positive
-$162.6M to $56.8MCritical
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Improved: turned positive
-$73.7M to $282.3MCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
How the latest move compares (quote delayed ~15 min), and what was published around it
PATH rose 2.08% on the latest quote. The average Technology company tracked here moved −1.30%, and the S&P 500 −1.04%. That is 3.4 points above its sector and 3.1 points above the market.
Expectations
Not from the filings — what other people are betting on, and what the price already assumes.
The growth rate someone buying today is paying for, against what the company has delivered
At today's price, the market is paying for free cash flow to grow by about 5% a year for the next 10 years. Over the last 5 years it grew by about 67% a year.
The essentials
Each answered from the filings, with the numbers behind it.
Yes. It keeps about 18 cents of every dollar of sales as profit, earning $282.3M last year.
Slowly. Sales grew 12.7% last year.
It does not appear so. For every $1 it owes, it owns $2.90 in assets.
Core operating and valuation reference metrics
Income
This company pays no dividend. It keeps its profits and reinvests them in the business instead, so any return would have to come from the share price.
Figures from the FY2026 annual filing
Last year it earned $282.3M and generated $371.2M of cash from operations.
Reported annual figures
As reported to the SEC, in USD. Hover or show sources to see where each figure came from.
| Income statement | FY202610-K · Mar 25, 2026Filing for FY2026 | FY202510-K · Mar 24, 2025Filing for FY2025 | FY202410-K · Mar 27, 2024Filing for FY2024 | FY202310-K · Mar 24, 2023Filing for FY2023 | FY202210-K · Apr 4, 2022Filing for FY2022 | ChangeFY2026 vs FY2025 |
|---|---|---|---|---|---|---|
| RevenueWhat is this? | $1.61B | $1.43B | $1.31B | $1.06B | $892.3M | +12.7% |
| Cost of revenue | $271.0M | $246.9M | $195.9M | $180.1M | $168.9M | +9.7% |
| Gross profit | $1.34B | $1.18B | $1.11B | $878.5M | $723.4M | +13.3% |
| Gross marginGross profit ÷ revenueWhat is this? | 83.2% | 82.7% | 85.0% | 83.0% | 81.1% | +0.4 pts |
| Selling, general and administrative | $214.3M | $226.1M | $231.6M | $239.5M | $250.0M | −5.2% |
| Operating income | $56.8M | -$162.6M | -$164.7M | -$348.3M | -$500.9M | n/m |
| Operating marginOperating income ÷ revenueWhat is this? | 3.5% | -11.4% | -12.6% | -32.9% | -56.1% | +14.9 pts |
| Income before tax | $100.6M | -$78.1M | -$75.8M | -$317.6M | -$510.9M | n/m |
| Net income | $282.3M | -$73.7M | -$89.9M | -$328.4M | -$525.6M | n/m |
| Net marginNet income ÷ revenueWhat is this? | 17.5% | -5.2% | -6.9% | -31.0% | -58.9% | +22.7 pts |
| Earnings per shareNet income ÷ shares outstanding at the period end — close to, but not the same as, the reported EPSWhat is this? | $0.5247 | $-0.1316 | $-0.1594 | $-0.5992 | $-1.16 | n/m |
† calculated from other reported figures, such as total liabilities as assets minus equity.
Insider activity, ownership stakes and what's coming — straight from EDGAR, before any article is written about it
Officers, directors and major shareholders must report within two business days of a trade.
Sold on the open market — 1,250,000 shares at $13.44 ($16.8M)
Holds 30,241,238 shares after this filing.
Sold on the open market
20 recent filings, newest first. Each is labelled from its form and item numbers, not from its wording.
Quarterly report for Q2 FY2027
Revenue +13.4% · Operating margin +13.3 pts · Operating income turned positive — against Q2 FY2026
Read the filingHad a director or senior officer leave or join · Published results · Made a Regulation FD disclosure · Reported another event
Read the filingWrite down why you are following UiPath, Inc., what has to go right and what would change your mind, then see each new annual report measured against it. Sign in to start one.
Go deeper
Every figure above traces back to a filing in the timeline, each linked to the document itself.
Coverage from the last 30 days
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Every company's figures are checked for internal consistency: the balance sheet adding up, figures sharing one currency, cash flow and share counts within plausible ranges, and how recent the latest annual report is. Nothing here changes a figure.
Financial figures are from PATH's 10-K for fiscal year 2026 (period ending 2026-01-31, filed Mar 25, 2026), reported under the US GAAP taxonomy. View the source filing.
3 of 4 scored areas had enough reported figures to judge
The score averages profitability, growth, debt and accounting. Accounting had too few reported figures and is left out of the average rather than counted as a weakness, so a company is never marked down for a figure it did not publish. Cash generation is shown for context and already feeds profitability. Valuation is scored separately, because a share price says nothing about whether the business is sound. 8 of the 9 Piotroski checks could be evaluated. How the score works
Each year scored only from its annual report as it was first filed
| Fiscal year | Health | F-Score | Scored from |
|---|---|---|---|
| FY2026 | 8.7 | 7/8 | 10-K, filed Mar 25, 2026 |
| FY2025 | 6.0 | 5/8 | 10-K, filed Mar 24, 2025 |
| FY2024 | 7.3 | 5/8 | 10-K, filed Mar 27, 2024 |
| FY2023 | 7.3 | 4/8 | 10-K, filed Mar 24, 2023 |
| FY2022 | 7.3 | 2/8 | 10-K, filed Apr 4, 2022 |
| FY2021 | 4.7 | 3/5 | 10-K, filed Apr 4, 2022 |
A later restatement never reaches back into an earlier year, and every year is scored without a share price, so the latest point can differ a little from the headline score, which uses today's price.
Every check behind the three models, and what each one tests
7 of 8 checks passed
Nine yes-or-no tests of whether this year's finances improved on last year's. One could not be evaluated and is excluded from the total rather than counted as a failure.
3.13
In the safe zone
For this model, above 2.6 is safe and below 1.1 is distress.
Distance from bankruptcy, from a model fitted on companies that did and did not go bust. It describes a balance sheet's shape today; it does not forecast a failure.
not reported — This company has not reported enough of the required figures to calculate this score.
This company has not reported enough of the required figures to calculate this score.
Screens eight accounting ratios for the pattern earnings manipulators tend to leave. A flag is a reason to read the filing closely, never evidence of wrongdoing.
Every figure above comes from the FY2026 filing as filed with the SEC.
Improved: +14.9 pts
-11.4% to 3.5%Critical
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Improved: +22.7 pts
-5.2% to 17.5%Critical
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Improved: turned positive
-$0.13 to $0.52Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Improved: +15.2%
$305.6M to $352.2MSignificant
Why it matters: Cash left after paying for the plant that produced it — the money genuinely available for dividends, buybacks or paying down debt. Harder to flatter than profit.
Changed: +27.6%
$14.9M to $19.0MSignificant
Why it matters: Neither good nor bad on its own. Heavy spending is a company building capacity or a company struggling to stand still, and the two look identical in this figure.
Improved: +12.7%
$1.43B to $1.61BNotable
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Improved: +13.3%
$1.18B to $1.34BNotable
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Improved: -3.9%
559.9M to 538.1MNotable
Why it matters: The company bought back stock, so each remaining holding owns slightly more of it. Worth checking it was not funded by borrowing.
Q2 FY2027 against Q2 FY2026, from the 10-Q filed Sep 8, 2026 — read it.
Improved: turned positive
-$20.2M to $31.6MCritical
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Improved: +2178.3%
$1.6M to $36.1MCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Improved: +13.3 pts
-5.6% to 7.7%Critical
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Improved: +8.4 pts
0.4% to 8.8%Critical
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Improved: +2250.8%
$0.00 to $0.07Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Improved: +13.4%
$361.7M to $410.3MNotable
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Improved: +10.9%
$297.3M to $329.7MNotable
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Deteriorated: −1.8 pts
82.2% to 80.4%Notable
Why it matters: What survives each sale before overheads. Falling gross margin usually means the company is discounting or its input costs rose — it is the earliest place pricing pressure shows.
Improved: -3.1%
536.2M to 519.7MNotable
Why it matters: The company bought back stock, so each remaining holding owns slightly more of it. Worth checking it was not funded by borrowing.
Q2 FY2027 against Q1 FY2027, from the 10-Q filed Sep 8, 2026 — read it. Quarter-to-quarter moves include seasonal swings — a retailer's holiday quarter — which the year-earlier comparison removes.
Improved: +60.2%
$22.5M to $36.1MCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Improved: +61.4%
$0.04 to $0.07Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Improved: +3.4 pts
5.4% to 8.8%Significant
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Improved: +12.9%
$28.0M to $31.6MNotable
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Deteriorated: −1.3 pts
81.6% to 80.4%Notable
Why it matters: What survives each sale before overheads. Falling gross margin usually means the company is discounting or its input costs rose — it is the earliest place pricing pressure shows.
Improved: +1.0 pts
6.7% to 7.7%Notable
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
2 other measures barely moved. Figures compare the two most recent annual filings — read the latest one. Moves are graded on fixed lines — 5%, 15% and 40% for amounts, and 1, 3 and 8 points for margins — as notable, significant or critical. Nothing here reads the management commentary, which is where a company explains its own numbers.
These coincide with the move in time. None is presented as its cause: a price can move on news that names no company, on the wider market, or on trading that no document records.
Filter by minute, hour, day or week — or compare against peers
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Discounted at 8%–10% a year, with growth settling to 2.5% after 10 years. Those rates are ordinary choices, not measurements: across that range the assumed growth works out between 2% and 7%. This describes what the price implies — it is not a forecast, and not a view on whether the price is right.
Opinions from 29 analysts covering this company, as of . Their views, not this site's.
Of 29 analysts publishing on this company, 3 say strong buy, 5 say buy, 19 say hold and 2 say sell. Analysts are paid to publish a view and are wrong often; the split above says how much they agree with each other, which is the part a single headline rating hides.
Published by Finnhub. Analyst coverage skews towards larger companies and towards optimism — sell ratings are rare across the whole market, so a company with none is ordinary rather than endorsed.
Measured on and published about a week later — this is a fortnightly snapshot, not a live position.
About 20.1% of this company's shares have been borrowed and sold by people expecting to buy them back cheaper. That is a bet the price falls. Those people can be wrong, and when a heavily shorted share rises they have to buy it back, which pushes it up further.
Collected by FINRA from broker-dealers twice a month. It counts positions, not intentions, and some of it is hedging rather than a directional bet against the company.
Nothing in this section is a figure this company reported about itself. These are expectations and positions — what the price implies, what analysts have published, what short sellers are betting, and what large funds held at the last count. WylthIQ reports them; it does not endorse them, does not forecast prices, and takes no view on whether any of them will turn out to be right.
The trailing P/E is 28.5x — investors pay $28.5 for each $1 of trailing profit.
This company has not reported enough of the required figures to calculate this score.
Holds 29,038,838 shares after this filing.
Sold on the open market — 47,600 shares at $13.83 ($658.4K)
Holds 28,991,238 shares after this filing.
Sold on the open market — 29,564 shares at $13.51 ($399.3K)
Holds 1,514,281 shares after this filing.
Sold on the open market — 27,404 shares at $13.63 ($373.6K)
Holds 1,066,107 shares after this filing.
Had shares withheld to cover taxes — 2,095 shares at $12.84 ($26.9K)
Holds 1,580,118 shares after this filing.
Had shares withheld to cover taxes — 36,273 shares at $12.84 ($465.7K)
Holds 1,543,845 shares after this filing.
Had shares withheld to cover taxes — 6,211 shares at $12.84 ($79.7K)
Holds 1,122,695 shares after this filing.
Had shares withheld to cover taxes — 29,184 shares at $12.84 ($374.7K)
Holds 1,093,511 shares after this filing.
Had shares withheld to cover taxes — 1,323 shares at $12.84 ($17.0K)
Holds 889,097 shares after this filing.
Had shares withheld to cover taxes — 29,297 shares at $12.84 ($376.2K)
Holds 859,800 shares after this filing.
Had shares withheld to cover taxes — 12,266 shares at $12.84 ($157.5K)
Holds 2,025,111 shares after this filing.
Had shares withheld to cover taxes — 56,625 shares at $12.84 ($727.1K)
Holds 1,968,486 shares after this filing.
Sold on the open market — 66,052 shares at $13.17 ($869.8K)
Holds 1,902,434 shares after this filing.
Sold on the open market — 40,464 shares at $14.00 ($566.6K)
Holds 1,582,213 shares after this filing.
Notice filed ahead of a planned sale — the sale itself has not necessarily happened yet.
Filed notice to sell 29,565 shares ($405.3K) on or after .
Shares originally obtained via RSU/PSU.
Filed notice to sell 2,500,000 shares ($32.6M) on or after .
Shares originally obtained via Founders Shares.
Filed notice to sell 27,404 shares ($369.4K) on or after .
Shares originally obtained via Restricted Stock Units.
Filed notice to sell 29,564 shares ($391.7K) on or after .
Shares originally obtained via RSU/PSU.
Filed notice to sell 66,052 shares ($879.8K) on or after .
Shares originally obtained via Restricted and Performance Stock Units.
Filed notice to sell 138,893 shares ($2.0M) on or after .
Shares originally obtained via Restricted and Performance Stock Units.
Not investment advice, and not a signal to act on by itself — a filing says what happened, not why, and insiders trade for ordinary reasons having nothing to do with where they think the company is headed.
Held a shareholder vote
Quarterly report for Q1 FY2027
Revenue +17.3% · Operating margin +11.3 pts · Operating income turned positive — against Q1 FY2026
Read the filingPublished results · Reported another event
Read the filingProxy statement for a shareholder meeting
Read the filingHad a director or senior officer leave or join · Made a Regulation FD disclosure
Read the filingAnnual report for FY2026
Revenue +12.7% · Operating margin +14.9 pts · Operating income turned positive — against FY2025
Read the filingPublished results · Reported another event
Read the filingQuarterly report for Q3 FY2026
Revenue +15.9% · Operating margin +15.4 pts · Operating income turned positive — against Q3 FY2025
Read the filingPublished results
Read the filingQuarterly report for Q2 FY2026
Revenue +14.4% · Operating margin +27.1 pts · Operating income $83.2M narrower — against Q2 FY2025
Read the filingPublished results · Reported another event
Read the filingHeld a shareholder vote
Read the filingQuarterly report for Q1 FY2026
Revenue +6.4% · Operating margin +10.2 pts · Operating income $33.1M narrower — against Q1 FY2025
Read the filingPublished results
Read the filingProxy statement for a shareholder meeting
Read the filingHad a director or senior officer leave or join
Read the filingAnnual report for FY2025
Revenue +9.3% · Operating margin +1.2 pts · Capital spending +103.3% — against FY2024
Read the filingAnnounced restructuring or exit costs · Published results · Reported another event
Read the filingPrimary sources and further research