PATHNYSEServices-Prepackaged SoftwareUS GAAP · USD

UiPath, Inc.

UiPath, Inc. builds software for robotic process automation and broader AI-enabled automation. Its platform helps organizations automate repetitive digital work such as logging into applications, extracting data from documents, moving files, filling forms, reading emails, and updating databases, and it serves customers globally from its U.S. base with roots in Romania.

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Revenue1,611m USD
+12.7 %y/y
Operating profit (EBIT)56.8m USD
+134.9 %y/y
EBIT margin3.5%
+14.9 ppy/y
Net income282m USD
+483.1 %y/y
Free cash flow352m USD
+15.2 %y/y

Fiscal year 2026 · change from previous year

Development 2021–2026

-1,000-50005001,0001,5002,000m USD2021: 608 m USD2021: EBIT -110 m USD20212022: 892 m USD2022: EBIT -501 m USD20222023: 1,059 m USD2023: EBIT -348 m USD20232024: 1,308 m USD2024: EBIT -165 m USD20242025: 1,430 m USD2025: EBIT -163 m USD20252026: 1,611 m USD2026: EBIT 57 m USD20261,61157
RevenueOperating profit (EBIT)
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Business

Share of revenue
Subscription services63 %

Hosted access to UiPath software and related maintenance/support delivered over time.

Licenses33 %

Perpetual or term software license revenue recognized when control transfers.

Professional services and other4 %

Implementation assistance, training, consulting, and other customer services.

Products

Reported · share of revenue
59.3%37.7%FY2026100 %
  • Subscription Services59.3 %
  • License37.7 %
  • Professional Services and Other3.1 %

Source: 10-K FY2026, revenue the company reports per product line (SEC XBRL). Shares are of the lines shown and add up to 100 %.

Customers

UiPath sells to a broad mix of enterprises across many industries, with a meaningful share of revenue coming from a relatively small number of large accounts. Customers buy the platform to automate business processes, improve accuracy, and reduce manual work, often alongside consulting, training, and partner-led implementation.

Large enterprise accounts

Buy platform subscriptions and licenses to automate high-volume workflows across departments.

Top revenue customers

A concentrated set of large customers that can materially affect revenue and ARR if purchasing changes.

Channel partner-led customers

Enterprises acquired or serviced through partners that deploy and support UiPath solutions.

Training and enablement users

Customers, developers, and practitioners using UiPath Academy and community resources to adopt the platform.

Strategy

UiPath's strategy is to expand from classic RPA into an AI-native automation platform that combines AI agents, robots, and people. It emphasizes open orchestration, ecosystem enablement, and product breadth so customers can automate more complex end-to-end processes and scale adoption across the enterprise.

Broaden the platform with AI and agentic automationMedium term

Extends UiPath beyond task automation into higher-value workflow orchestration.

Deepen customer adoption and expansionShort term

Existing customers drive a large share of growth, so expansion within accounts matters.

Scale the partner and community ecosystemMedium term

Partners and trained users help implement, support, and spread the platform.

Geography

Q2/2026

UiPath operates globally and reports that revenue grows across all geographical regions, reflecting a broad international customer base. The company is incorporated in Delaware and has origins in Bucharest, while its commercial footprint spans multiple regions through direct sales and channel partners.

Americas48 %
Europe, Middle East and Africa33 %
Asia Pacific19 %

Share of the revenue the company reports by geography.

Risks

UiPath faces concentration risk because a limited number of customers account for a substantial portion of revenue and ARR, and channel partners are important to sales and delivery. As a software platform company, it is also exposed to cybersecurity, service reliability, product relevance, and implementation risks, while revenue recognition judgments can affect reported results.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Cybersecurity and service disruption1Customer concentration2Channel partner dependence3Product relevance and adoption risk4Revenue recognition complexity5
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Cybersecurity and service disruptionImpact: CriticalLikelihood: Medium

    A breach or outage could affect many customers simultaneously and create liability.

    ExposurePlatformCustomer dataRemote work environment
  2. Customer concentrationImpact: HighLikelihood: Medium

    A limited number of customers represent a substantial portion of revenue and ARR.

    Exposure: Top 10% of customers

  3. Channel partner dependenceImpact: HighLikelihood: Medium

    A substantial amount of revenue is generated through partners and alliances.

    ExposureSalesTrainingIntegrationMaintenance
  4. Product relevance and adoption riskImpact: HighLikelihood: Medium

    Demand depends on the platform continuing to satisfy customer automation needs.

    ExposureUiPath PlatformAI-native automation
  5. Revenue recognition complexityImpact: MediumLikelihood: Low

    Multiple performance obligations and mixed license/SaaS/service contracts require judgment.

    Exposure: ASC 606 allocation and timing

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Accounting

Judgemental items
ASC 606 revenue recognition

Bundled automation contracts require judgment on allocation and timing.

Impact: Affects reported revenue mix and quarter-to-quarter comparability

Standalone selling price estimates

Management estimates SSP for each performance obligation in multi-element contracts.

Impact: Can accelerate or defer recognized revenue

Subscription and maintenance deferral

Recurring access and support are recognized over the contract term.

Impact: Creates deferred revenue and smoother revenue recognition

Goodwill and acquired intangibles

Acquisitions can create impairment risk if expected synergies or growth do not materialize.

Impact: Could lead to non-cash impairment charges

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Last updated: 24/09/2026

UiPath, Inc. (PATH) Revenue, Earnings & Financials 2026 – Clarifo