Growth & profitability
- Revenue has grown 21.5% per year over the past 5 years.
- Operating margin has expanded, at 3.5% in the latest year.
- Free cash flow has grown 66.9% per year over the past 5 years.
PATH Financials UiPath
7 years of revenue, profit, cash flow and balance-sheet history through FY2026, from SEC filings — with a computed, factual read of the trend. Updated Overview →
RevenueNet income
GrossOperatingNet
ROEROA
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2026 | $1.6B | $282M | 83.2% | 3.5% | 13.6% | 8.9% | $352M | — | $871M |
| 2025 | $1.4B | -$74M | 82.7% | -11.4% | -4.0% | -2.6% | $306M | — | $879M |
| 2024 | $1.3B | -$90M | 85.0% | -12.6% | -4.5% | -3.0% | $292M | — | $1.1B |
| 2023 | $1.1B | -$328M | 83.0% | -32.9% | -17.1% | -12.0% | -$34M | — | $1.4B |
| 2022 | $892M | -$526M | 81.1% | -56.1% | -27.3% | -20.4% | -$64M | — | $1.8B |
| 2021 | $608M | -$92M | 89.2% | -18.2% | 11.5% | -10.7% | $27M | — | $358M |
| 2020 | $336M | -$520M | 82.3% | -153.9% | 65.0% | — | -$375M | — | — |
RevenueNet income
GrossOperatingNet
ROEROA
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| Jul '26 | $410M | $36M | 80.4% | 7.7% | 1.9% | 1.2% | $29M | — | $607M |
| Apr '26 | $418M | $23M | 81.6% | 6.7% | 1.2% | 0.8% | $129M | — | $632M |
| Jan '26 | $481M | $104M | 84.6% | 16.7% | 5.0% | 3.3% | $179M | — | $871M |
| Oct '25 | $411M | $199M | 83.3% | 3.2% | 10.3% | 6.9% | $25M | — | $744M |
| Jul '25 | $362M | $2M | 82.2% | -5.6% | 0.1% | 0.1% | $42M | — | $629M |
| Apr '25 | $357M | -$23M | 82.1% | -4.6% | -1.3% | -0.9% | $106M | — | $701M |
| Jan '25 | $424M | $52M | 84.8% | 7.9% | 2.8% | 1.8% | $139M | — | $879M |
| Oct '24 | $355M | -$11M | 82.0% | -12.2% | -0.6% | -0.4% | $23M | — | $774M |
| Jul '24 | $316M | -$86M | 80.0% | -32.7% | -4.7% | -3.2% | $45M | — | $939M |
| Apr '24 | $335M | -$29M | 83.5% | -14.8% | -1.4% | -1.0% | $99M | — | $1.1B |
| Jan '24 | $405M | $34M | 86.8% | 3.7% | 1.7% | 1.1% | $142M | — | $1.1B |
| Oct '23 | $326M | -$32M | 84.7% | -17.1% | -1.6% | -1.1% | $41M | — | $1.0B |
| Jul '23 | $287M | -$60M | 82.9% | -27.0% | -3.0% | -2.3% | $43M | — | $1.1B |
| Apr '23 | $290M | -$32M | 84.9% | -16.0% | -1.6% | -1.2% | $65M | — | $1.3B |
| Jan '23 | $309M | -$28M | 84.5% | -14.6% | -1.4% | -1.0% | $92M | — | $1.4B |
| Oct '22 | $263M | -$58M | 83.7% | -25.5% | -3.1% | -2.3% | -$33M | — | $1.5B |
| Jul '22 | $242M | -$120M | 81.6% | -49.6% | -6.5% | -4.9% | -$30M | — | $1.6B |
| Apr '22 | $245M | -$123M | 81.6% | -47.3% | -6.5% | -5.1% | -$63M | — | $1.7B |
| Jan '22 | $290M | -$63M | 85.8% | -17.6% | -3.3% | -2.5% | -$9M | — | $1.8B |
| Oct '21 | $221M | -$123M | 80.5% | -52.6% | -6.5% | -5.0% | -$28M | — | $1.8B |
Valuation over time
How the market has priced PATH against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
- The price-to-earnings ratio has risen from 19.9× (Feb '26) to 31.1× (Sep '26).
- The price-to-sales ratio has fallen from 8.7× (Mar '23) to 5.4× (Sep '26).
P/E
P/S
Frequently asked questions
Is PATH growing its revenue and profit?
Over the past 5 years, UiPath's revenue has grown 21.5% per year. These are computed facts, not advice.
How much debt does PATH have?
As of FY2026, UiPath reported — of total debt against $871M of cash.
What is PATH's profit margin?
In FY2026, gross margin was 83.2%, operating margin 3.5%, and net margin 17.5%.
What is PATH's P/E ratio?
As of Sep '26, UiPath traded at a price-to-earnings ratio of about 31.1× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.