Loading…
US/Romanian-founded software company selling robotic process automation (RPA) software that automates repetitive office/back-office tasks.
US/Romanian-founded software company selling robotic process automation (RPA) software that automates repetitive office/back-office tasks.
Customers pay annual subscriptions, and most land with a few automations then spread them across departments, so growth depends on existing customers expanding. It is steering from classic RPA, which copies clicks and keystrokes to automate fixed routine tasks, toward agentic automation, where AI software agents handle less rigid work.
Moat: narrow (switching costs, installed base). Automations built around business processes create switching costs, though generative AI threatens rule-based RPA's relevance.
Headquarters: New York, US / Bucharest, Romania · Founded: 2005 · Employees: 3,981
Size UiPath (PATH) is a United States Information Technology company (Packaged Software) with a market value of $6.78B, the 977th largest of 3,117 United States companies the cockpit tracks. Shares closed at $13.00 on 6 Nov 2026.
Performance Over six months the shares gained 20.5%, against +10.2% for the median peer and -1.1% for the United States market (cap-weighted) — 8th highest of 21 in its peer set.
Growth Revenue grew 15.0% over the last twelve months (peer median +14.1%); the operating margin is 9.4% (peer median 19.5%).
Valuation It trades at 15.2× forward earnings against a peer median of 25.5× (7th cheapest of 19).
Price implies For today's price to make sense, revenue must grow about 19% a year for seven years (Req g). Recent delivered growth is +22%, so the hurdle is -2 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 7.1 points above its cost of capital (10.0% WACC).
Backlog Backlog (remaining performance obligations) was $1.38B at 31 Jul 2026, up 14% on a year earlier — 0.8 years of trailing revenue. Backlog detail →
Short interest Short interest is 22.2% of the free float (15 Oct 2026).
Next results Next results expected around 9 Dec 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.72B | $1.61B | $1.43B | $1.31B | $1.06B |
| Revenue growth | — | +13% | +9% | +24% | — |
| Gross profit | $1.41B | $1.34B | $1.18B | $1.11B | $877M |
| EBITDA | $186M | $78.1M | -$121M | -$139M | -$294M |
| Net income | $362M | $282M | -$73.7M | -$89.9M | -$328M |
| Free cash flow | $363M | $352M | $306M | $292M | -$33.8M |
| Capital expenditure | $10.3M | $19.0M | $14.9M | $7.34M | $23.8M |
| Total debt | $79.8M | $81.2M | $77.8M | $67.1M | $63.4M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| UiPath PATH | $6.78B | +20% | +15% | 9% | 15.2× | 19.2% |
| Microsoft MSFT | $3.94T | +28% | +18% | 47% | 25.5× | 17.2% |
| SS&C Technologies SSNC | $18.2B | +13% | +9% | 24% | 10.2× | 6.9% |
| Sap SAP.DE | $276B | +49% | +8% | 29% | 29.8× | 14.9% |
| Pegasystems PEGA | $5.30B | -10% | +1% | 12% | 13.8× | 8.8% |
| Appian APPN | $3.70B | +135% | +21% | 4% | 41.6× | 42.9% |
| ServiceNow NOW | $106B | +12% | +22% | 13% | 22.4× | 29.5% |
| IBM IBM | $232B | +6% | +7% | 21% | 18.8× | 7.6% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | PATH | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -1.9% | +5.3% | 7th lowest of 21 |
| 6-month return | +20.5% | +10.2% | 8th highest of 21 |
| Distance from 52-week high | -34.5% | -19.2% | 6th lowest of 21 |
| Revenue growth (TTM) | +15.0% | +14.1% | 8th highest of 21 |
| Operating margin | 9.4% | 19.5% | 7th lowest of 21 |
| Forward P/E | 15.2× | 25.5× | 7th cheapest of 19 |
| Growth the price implies (Req g, 7 yrs) | 19.2% | 11.7% | 6th most demanding of 17 |
| Growth delivered (Del g) | +21.5% | +15.6% | 4th highest of 17 |
| Hurdle (Req g minus delivered) | -2.3 pp | -6.6 pp | 7th most demanding of 17 |
| ROIC minus cost of capital | +7.1 pp | +7.1 pp | 9th highest of 17 |
| EV / EBITDA | 29.9× | 15.4× | 6th most expensive of 16 |
| Net debt / EBITDA | -6.5× | -1.5× | 3rd least indebted of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| UiPath PATH | United States | $6.78B | +20% | +15% | 9% | 15.2× | 19.2% | +21.5% |
| CD PROJEKT RED Spolka Akcyjna CDR.WA | Poland | $6.80B | +4% | -14% | 54% | 53.4× | 35.0% | -16.5% |
| Qualys QLYS | United States | $6.59B | +102% | +11% | 35% | 23.7× | 4.7% | +13.1% |
| MiniMax 0100.HK | Hong Kong | $7.00B | -81% | +159% | -407% | n/a | n/a | n/a |
| Square Enix 9684.T | Japan | $7.02B | +25% | +1% | 20% | 26.9× | -5.4% | -2.1% |
| Sectra SECT-B.ST | Sweden | $6.53B | +27% | +14% | 20% | 85.0× | 29.0% | +16.8% |
| Commvault Systems CVLT | United States | $6.48B | +51% | +14% | 10% | 27.6× | 26.9% | +10.3% |
| International Games System 3293.TWO | Taiwan | $6.27B | 0% | +15% | 59% | 14.4× | -4.0% | +21.2% |
| Kunlun Tech 300418.SZ | China | $7.33B | -21% | +48% | -21% | 1,291.3× | n/a | n/a |
| Navan NAVN | United States | $6.25B | +36% | +35% | -25% | 76.3× | n/a | n/a |
| SenseTime 0020.HK | Hong Kong | $6.25B | -44% | +31% | -51% | n/a | n/a | n/a |
| InterDigital IDCC | United States | $7.35B | +2% | -12% | 45% | 41.4× | 13.4% | +18.4% |
| Topicus.com TOI.V | Canada | $6.25B | +9% | +28% | 15% | 21.3× | 0.7% | +26.5% |
| Technology One TNE.AX | Australia | $7.40B | +15% | +14% | 29% | 56.7× | 33.3% | +14.9% |
| Duolingo DUOL | United States | $7.51B | +49% | +23% | 12% | 52.6× | 19.8% | +45.0% |
| Dropbox DBX | United States | $7.54B | +20% | 0% | 26% | 11.1× | -5.0% | +5.7% |
| RingCentral RNG | United States | $6.09B | +58% | +5% | 9% | 13.3× | 15.2% | +16.3% |
| Clear Secure YOU | United States | $7.55B | -2% | +23% | 26% | 24.2× | 15.8% | +31.3% |
| Open Text OTEX.TO | Canada | $6.07B | +9% | +1% | 23% | 6.4× | -6.2% | +10.8% |
| Dolby Laboratories DLB | United States | $6.07B | +11% | +1% | 19% | 14.3× | 10.0% | +3.0% |
| Bilibili 9626.HK | Hong Kong | $6.06B | -36% | +11% | 4% | 14.2× | 7.3% | +19.5% |
UiPath reported $1.38B of remaining performance obligations at 31 Jul 2026, up 14% from a year earlier and down 3% from the previous quarter. That is 0.8 years of trailing revenue already under contract. Book-to-bill last quarter: 0.91.