UiPath Inc. (PATH)
NEUTRALFundamental
70
Price
$16.55
Market Cap
$8.57B
Part 1 · What the company is worth
Overview
UiPath sells software that automates repetitive computer work — the kind of copy-pasting between screens that office workers do by hand. Its "robots" watch how a task is performed and then repeat it, and the platform is increasingly adding AI that can decide what to do next rather than just follow a fixed script. Customers range from banks to hospitals automating back-office processes such as invoice handling and claims processing.
How it makes money
Most revenue comes from subscriptions billed as customers use the platform over time, tracked internally as annualized renewal run-rate. A smaller, declining portion is one-time software licenses, and a thin slice is professional services helping customers get automations running. Growth depends less on signing new logos than on getting existing customers to automate more processes and pay for more usage within their accounts.
Revenue by segment
Recurring fees for ongoing access to the automation platform, now the majority and the growing part of revenue.
Upfront software licenses tied to on-premises or self-managed deployments, a legacy model the company is moving away from.
Implementation, training and support work billed separately from the software itself.
Competitive moat
Switching costs · NarrowOnce a customer has built automations into daily workflows around UiPath's platform, security model and multi-tenant infrastructure, replacing it means re-engineering those processes. The company also points to a large, engaged user community as a source of stickiness. But it names market competition among its own top risks, so the advantage looks real but not unassailable.
What drives demand
Moderately cyclicalAs enterprise software funded from corporate IT and operations budgets, spending can slow when companies tighten costs, and the company itself warns that customer retention and renewal are not guaranteed. Recurring subscription billing smooths the impact compared to a one-time license sale, but growth still depends on customers' willingness to expand automation spending.
Key risks
- Revenue concentrated in few customers — A limited number of customers account for a substantial share of revenue and renewal run-rate; losing one or seeing it not renew would hurt disproportionately.
- Renewal is not guaranteed — Subscriptions must be renewed and often expanded to sustain growth; the company acknowledges it may fail to retain customers or grow their spending as expected.
- Intense competition — The automation and AI software market is competitive, with rivals ranging from large platform vendors to specialized automation and agentic-AI startups.
- Still operating at a net loss — The company has a history of net losses and expects significant ongoing expenses, which makes profitability dependent on continued revenue growth outpacing cost growth.
- Cybersecurity and data privacy — The platform automates access to customers' internal systems and data, so a security breach or privacy failure could damage trust and trigger regulatory exposure.
Customer concentration
The company states that a limited number of customers represent a substantial portion of its revenue and annualized renewal run-rate, without disclosing the exact percentage.
The case for
Buyers argue that automations embedded deep in customers' daily workflows are costly to rip out, that the shift from one-time licenses to recurring subscriptions makes revenue more predictable, and that adding agentic AI on top of its existing robot workforce lets UiPath sell more into accounts it already has rather than needing to win new ones.
The case against
Sellers worry that a limited number of large customers drive a substantial share of revenue, that renewal and expansion are not guaranteed in a competitive market crowded with both established platforms and AI-native challengers, and that the company still has not proven it can turn recurring growth into sustained profit.
Written by the editors, published on August 18, 2026
Direct competitors
Who this company fights with for the same customers
No editorial profile for this company yet
No competitor list for this company yet.
Balance Sheet & Liquidity
Revenue
$1.67B
Trailing 12 months (through 4/30/2026)
Net Income
$327M
Trailing 12 months (through 4/30/2026)
Free Cash Flow
$352M
Total Equity
$2.08B
Total Liabilities
$1.10B
Current Ratio
2.31
Interest Coverage
-
Debt/EBITDA
1.13
Earnings Per Share
Revenue & Net Income
Free Cash Flow
Income Breakdown
Historical statement
Margins over time
Debt over time
How heavy the debt is
Growth grid
Growth — Revenue
Fair Value Estimation
Fair Value
$11.42
Current Price
$16.55
Margin of Safety
-45.0%
Fair Value Range
$7.77 - $15.07
Estimation Methods
Valuation Metrics
P/E Ratio
27.62
ROE
13.6%
P/B Ratio
3.95
P/FCF
20.02
Gross Margin
83.0%
ROIC
3.9%
Profitability Radar
Value Creation (Economic Moat)
ROIC
3.9%
WACC
9.6%
ROIC − WACC
-5.7 pp
ROIC is below the cost of capital — the company is destroying value for every dollar invested.
Fundamental Analysis Criteria
Passed (18)
- EPS shows upward trend
- Gross Margin 83.0%
- P/FCF 20.02
- Debt/Equity ratio
- Operating Margin 6.0%
- Positive Free Cash Flow
- CapEx intensity
- Current Ratio
- Debt/EBITDA
- Return on Tangible Assets
- Low reliance on intangibles
- ROE 17.3%
- Revenue Growth 5Y 21.5%
- Earnings Surprise avg 24.7%
- Earnings Quality (OCF/NI) 1.17
- Share Dilution -4.2%
- Net Margin Trend 19.6% vs -4.7%
- Piotroski F-Score 8/9
Failed (6)
- Price CAGR -17.60%
- ROIC 3.9%
- P/B Ratio 3.95
- Price below Graham Number
- DCF valuation (Unknown)
- Analyst Consensus 32% Buy
Unavailable (3)
- Dividend Payout NaN%
- Interest Coverage
- PEG Ratio (need PE > 0 and growth > 0)
Piotroski F-Score
Strong financial health
Earnings Quality
High quality: earnings backed by cash
Share Dilution
Buying back shares. Shareholder friendly
Governance
Executive Team
| Name | Title | Age |
|---|---|---|
| Mr. Daniel Solomon Dines | Co-Founder, CEO, & Executive Chairman of the Board | 53 |
| Mr. Ashim Gupta | CFO & COO | 46 |
| Mr. Brad C. Brubaker J.D. | General Counsel, Chief Legal Officer & Secretary | 61 |
| Hitesh Ramani | Deputy CFO & Chief Accounting Officer | - |
| Mr. Raghavendra Malpani | Chief Product & Technology Officer | 47 |
| Ms. Allise Furlani | Senior Director of Investor Relations | - |
| Mr. Michael Atalla | Chief Marketing Officer | - |
| Agi Garaba | Chief People Officer | - |
| Ms. Andreea Baciu | Chief Culture Officer | - |
| Mr. Brandon Deer | Chief Strategy Officer | - |
Audit Risk
2
Board Risk
8
Compensation Risk
6
Shareholder Rights Risk
10
Part 2 · The price and when to enter
This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.
Latest News
Recent headlines for PATH, sourced from Markets Gazette.
- 5/29/2026NEUTRALTranscript: UiPath Q1 2027 Earnings Conference Call
UiPath Inc. held its Q1 2027 Earnings Conference Call on May 29, 2026. While the transcript itself does not contain specific financial figures or forward-looking statements that would immediately impact the stock price, it provides management's detailed commentary on the company's performance, strategic initiatives, and market outlook. Investors and analysts will scrutinize the call for insights into revenue growth, customer acquisition, product development, and competitive positioning. The absence of immediate, quantifiable data in the title suggests a neutral initial market reaction, pending deeper analysis of the transcript's qualitative information.
- 5/13/2026NEGATIVEWhy Is UiPath Stock Falling On Wednesday?
UiPath Inc. (PATH) experienced a significant stock decline on Wednesday, driven by a notable increase in short interest and growing concerns over competitive pressures. The emergence of advanced AI tools from competitors like Anthropic is raising questions about UiPath's market position and future growth prospects in the rapidly evolving automation and AI landscape. Investors are closely monitoring analyst outlooks for potential shifts in strategy or market share. The combination of increased bearish sentiment and competitive threats suggests a challenging period ahead for the company's stock.
- 3/16/2026POSITIVEThis Artificial Intelligence (AI) Stock Is Down Around 30% This Year. Could It Be a Steal of a Deal?
UiPath Inc. (PATH), a leader in Robotic Process Automation (RPA), has seen its stock decline approximately 30% year-to-date. Despite the downturn, the company's core business of automating enterprise processes positions it favorably to capitalize on the widespread corporate investment in artificial intelligence. Analysts suggest that this significant price drop may present a compelling buying opportunity for investors looking to gain exposure to the AI-driven automation trend, anticipating a potential rebound as the market recognizes UiPath's strategic value.
- 3/16/2026NEUTRALIs It Time to Buy UiPath With the Stock Beaten Down?
UiPath Inc. (PATH) shares have experienced a challenging start to the year, prompting a discussion on whether it's an opportune moment to invest. Despite recent stock performance, the company is positioned to capitalize on a significant future growth opportunity. Investors are weighing the current downturn against the long-term potential of UiPath's automation platform. The article suggests that the current valuation might present a buying opportunity for those who believe in the company's future prospects, but does not provide concrete financial data to support a definitive buy or sell recommendation.
- 3/12/2026NEGATIVEStock Market Today, March 12: UiPath Shares Drop After Slower Growth Outlook Offsets First Full-Year Profit
UiPath Inc. reported its first full-year profit, a significant milestone for the automation software company. However, this achievement was overshadowed by a weaker-than-expected growth outlook for the upcoming fiscal year, leading to a divided response from Wall Street analysts. The company's shares experienced a notable decline as investors focused on the deceleration in future growth prospects rather than the current profitability. This mixed signal suggests potential headwinds for UiPath, prompting caution among stakeholders regarding its near-term trajectory and valuation.
- 3/12/2026NEUTRALUiPath (PATH) Q4 2026 Earnings Call Transcript
UiPath Inc. is scheduled to release its Q4 2026 earnings on March 12, 2026. While the content of the earnings call transcript is not available, the market will be closely watching for key performance indicators, revenue figures, and management's outlook for the upcoming fiscal year. Investors will be keen to assess the company's progress in the automation and AI space, particularly its ability to convert its strong market position into sustained profitability and growth. Any guidance provided on future revenue, earnings, and strategic initiatives will be critical for shaping investor sentiment and the stock's trajectory.
- 3/11/2026POSITIVEUiPath Stock Surges Into The Close, Shares Continue To Climb After Hours As Q4 Earnings Top Expectations
UiPath Inc. (NYSE:PATH) announced its fourth-quarter fiscal 2026 financial results, surpassing earnings expectations. The company's stock experienced a significant surge into the closing bell and continued its upward trajectory in after-hours trading. This positive performance indicates strong investor confidence and suggests that UiPath's strategic initiatives and operational execution are resonating well within the market. Investors will be closely watching for further guidance and the company's outlook for the upcoming fiscal year.
- 3/11/2026NEUTRALUiPath Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
UiPath, Inc. (NYSE: PATH) is scheduled to release its fourth-quarter earnings on March 11th. Current analyst consensus forecasts earnings per share of $0.26 and revenue projections of $464.49 million. The stock concluded Tuesday's trading session at $11.59. Recent analyst actions include upgrades from Neutral to Outperform by Macquarie and Oppenheimer in January 2022. While these revisions suggest a positive outlook from some analysts, the upcoming earnings report itself is the primary determinant of immediate market reaction, making the current outlook neutral pending the official results.
- 2/26/2026POSITIVEStock Market Today, Feb. 26: UiPath Advances as It Moves to Shape Agentic AI Standards
UiPath Inc. shares surged following the announcement that the company has joined a prominent industry group focused on establishing standards for agent-based artificial intelligence. This strategic move positions UiPath as a key player in shaping the future development of AI, suggesting a potential strengthening of its technological leadership and an expansion of market opportunities. Investors reacted positively to the news, interpreting it as a signal of innovation and commitment to standardization, crucial elements for the widespread adoption of AI technologies. This initiative could translate into competitive advantages and enhanced long-term confidence for the company.
- 2/24/2026POSITIVE40% of Enterprise Apps Will Embed AI Agents by End of 2026, According to Gartner. Here's How to Profit.
Gartner predicts that by the end of 2026, 40% of enterprise applications will embed AI agents, a significant increase that outlines a substantial market opportunity. This trend is set to generate soaring demand for automation and artificial intelligence platforms. UiPath, a recognized leader in Robotic Process Automation (RPA) and AI, is explicitly identified as one of the companies poised to profit significantly from this evolution. For investors, this suggests potential revenue growth and increased market penetration for UiPath, strengthening its competitive position in a rapidly expanding sector. The ability to deliver integrated AI solutions will be a key driver for future growth.
via Markets Gazette