Want to see PATH full AI Analyst Report?
Top Page
UiPath
(NYSE:PATH)
Select Model
Select Model
Rating:73Outperform
Price Target:
$14.50
▼(-12.97% Downside)
Action:Reiterated
Date:09/14/26
PATH scores well on fundamentals, driven by the profitability inflection, consistently strong gross margins, improving cash generation, and a very low-debt balance sheet, reinforced by a positive earnings call with maintained guidance and strong enterprise/AI demand signals. The main drag is technical weakness (price below key short-term moving averages with low RSI/stochastic), with valuation only moderately supportive given a ~20.5 P/E and no dividend.
Positive Factors
ARR and revenue growth
Double-digit ARR and revenue growth indicates continued enterprise demand and expanding platform adoption. Sustained growth supports recurring revenue visibility, creates opportunities to increase usage within existing accounts, and provides a durable foundation for operating leverage over the next several quarters.
Negative Factors
Foreign-exchange exposure
Foreign-exchange pressure is expected to reduce reported revenue and can obscure the underlying pace of customer and subscription growth. Because management includes material FX headwinds in its full-year outlook, currency movements remain a relevant constraint on reported results over the coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
ARR and revenue growth
Double-digit ARR and revenue growth indicates continued enterprise demand and expanding platform adoption. Sustained growth supports recurring revenue visibility, creates opportunities to increase usage within existing accounts, and provides a durable foundation for operating leverage over the next several quarters.
Read all positive factors
UiPath Key Performance Indicators (KPIs)
Any
Dollar-Based Net Retention Rate
Tracks how revenue from existing customers changes over time after accounting for expansions, contractions, and churn; a rate above 100% means upsells and cross-sells more than offset losses and indicates healthy land‑and‑expand economics. For UiPath, a high net retention rate suggests sticky automation deployments and predictable growth from the installed base, while a declining rate warns of weakening adoption or pricing pressure.
Tracks how revenue from existing customers changes over time after accounting for expansions, contractions, and churn; a rate above 100% means upsells and cross-sells more than offset losses and indicates healthy land‑and‑expand economics. For UiPath, a high net retention rate suggests sticky automation deployments and predictable growth from the installed base, while a declining rate warns of weakening adoption or pricing pressure.
Data provided by:
The Fly
The FlyUiPath (PATH) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$7.03B
Dividend YieldN/A
Average Volume (3M)48.20M
Price to Earnings (P/E)20.1
Beta (1Y)1.24
Revenue Growth14.98%
EPS Growth1765.75%
CountryUS
Employees3,981
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)0.67
Shares Outstanding456,464,700
10 Day Avg. Volume34,138,379
30 Day Avg. Volume48,204,844
Financial Highlights & Ratios
PEG Ratio-0.05
Price to Book (P/B)3.25
Price to Sales (P/S)4.21
P/FCF Ratio19.24
Enterprise Value/Market Cap0.78
Enterprise Value/Revenue3.18
Enterprise Value/Gross Profit3.85
Enterprise Value/Ebitda23.09
Forecast
1Y Price Target
$15.57Price Target Upside-6.53% Downside
Rating ConsensusHold
Number of Analyst Covering17
EPS Forecast (FY)0.79
Revenue Forecast (FY)$1.79B
UiPath Business Overview & Revenue Model
Company Description
UiPath Inc. delivers a comprehensive automation ecosystem, specializing in Robotic Process Automation (RPA) solutions, with a significant presence in the United States, Romania, and Japan. The company's integrated software suite empowers organizat...
How the Company Makes Money
UiPath primarily makes money by selling access to its automation software platform to organizations, typically under subscription-based licensing arrangements. Revenue is generated from (1) software subscriptions/licenses for its core automation p...
UiPath Earnings Call Summary
Earnings Call Date:Sep 03, 2026
(Q2-2027)
| % Change Since: |
Next Earnings Date:Dec 09, 2026
Earnings Call Sentiment Positive
The call was strongly positive overall. UiPath reported double-digit ARR and revenue growth, expanding operating margins, a fourth consecutive quarter of GAAP profitability, improving retention, major enterprise wins and growing AI-related demand. The principal negatives were FX headwinds, lower adjusted free cash flow due to tax-payment timing, attrition among the smallest customers and continued variability in the macroeconomic environment.Positive Updates
Strong ARR and Revenue Growth
Second-quarter ARR reached $1.938 billion, up 12% year-over-year, driven by $37 million of net new ARR. Revenue reached $410 million, up 13% year-over-year.
Negative Updates
Foreign-Exchange Headwinds
Second-quarter revenue faced an approximately $8 million year-over-year FX headwind, including a $1 million incremental headwind since prior guidance, driven by the Japanese yen, Romanian leu and Indian rupee. Third-quarter guidance includes a $10 million year-over-year FX headwind, while full-year revenue guidance includes a $20 million year-over-year FX headwind.
Read all updates
Q2-2027 Updates
Positive
Negative
Strong ARR and Revenue Growth
Second-quarter ARR reached $1.938 billion, up 12% year-over-year, driven by $37 million of net new ARR. Revenue reached $410 million, up 13% year-over-year.
Read all positive updates
Company Guidance
For the third fiscal quarter 2027, UiPath expects revenue in the range of $440 million to $445 million, including no incremental FX impact since the time of our last guide and a $10 million year-over-year FX headwind; ARR in the range of $1.992 billion to $1.997 billion, including a $1 million incremental FX headwind since the time of our last guide and a $4 million year-over-year FX headwind; non-GAAP operating income of approximately $100 million; and third quarter basic share count of approximately 523 million shares. For the fiscal full year 2027, it expects revenue in the range of $1.789 billion to $1.794 billion, including a $1 million incremental FX headwind since the time of our last guide and $20 million year-over-year FX headwind inclusive of $2 million headwind that was realized in the first half of the year and an expected headwind of $18 million in the second half of the year; ARR in the range of $2.065 billion to $2.070 billion, including a $1 million incremental FX headwind since the time of our last guide and a $5 million year-over-year FX tailwind inclusive of $10 million tailwind realized in the first half, partially offset by expected headwinds in the second half of the year; non-GAAP operating income of approximately $445 million; fiscal full year 2027 non-GAAP adjusted free cash flow of approximately $425 million; and non-GAAP gross margin of approximately 84%.UiPath Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
90
Very Positive
Cash Flow
82
Very Positive
| Breakdown | TTM | Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.72B | 1.61B | 1.43B | 1.31B | 1.06B | 892.25M |
| Gross Profit | 1.42B | 1.34B | 1.18B | 1.11B | 878.53M | 723.38M |
| EBITDA | 236.85M | 117.60M | -60.87M | -53.22M | -298.84M | -496.18M |
| Net Income | 361.92M | 282.33M | -73.69M | -89.88M | -328.35M | -525.59M |
Balance Sheet | ||||||
| Total Assets | 2.91B | 3.18B | 2.87B | 2.95B | 2.74B | 2.57B |
| Cash, Cash Equivalents and Short-Term Investments | 1.28B | 1.47B | 1.63B | 1.88B | 1.76B | 1.87B |
| Total Debt | 69.44M | 81.25M | 77.82M | 67.07M | 63.44M | 51.40M |
| Total Liabilities | 958.82M | 1.10B | 1.02B | 938.64M | 815.05M | 650.53M |
| Stockholders Equity | 1.95B | 2.08B | 1.85B | 2.02B | 1.92B | 1.92B |
Cash Flow | ||||||
| Free Cash Flow | 362.96M | 352.16M | 305.64M | 291.74M | -33.80M | -68.02M |
| Operating Cash Flow | 373.25M | 371.21M | 320.56M | 299.08M | -9.98M | -54.96M |
| Investing Cash Flow | -70.45M | -22.47M | -45.50M | -439.57M | -289.14M | -35.44M |
| Financing Cash Flow | -312.69M | -372.38M | -450.51M | -196.90M | -60.67M | 1.47B |
UiPath Technical Analysis
Positive
16.66
Price Trends
14.72
Negative
12.99
Positive
12.60
Positive
Market Momentum
-0.41
Negative
47.97
Neutral
87.77
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PATH, the sentiment is Positive. The current price of 16.66 is above the 20-day moving average (MA) of 13.22, above the 50-day MA of 14.72, and above the 200-day MA of 12.60, indicating a neutral trend. The MACD of -0.41 indicates Negative momentum. The RSI at 47.97 is Neutral, neither overbought nor oversold. The STOCH value of 87.77 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for PATH.
UiPath Risk Analysis
UiPath disclosed 1 risk factors in its most recent earnings report. UiPath reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
UiPath Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | $3.97T | 29.73 | 33.22% | 0.68% | 17.79% | 31.42% | |
74 Outperform | $6.33B | 13.94 | 13.45% | 3.80% | 0.15% | -15.59% | |
73 Outperform | $7.03B | 20.12 | 18.42% | ― | 14.98% | 1765.75% | |
73 Outperform | $502.36B | 165.91 | 37.47% | ― | 78.92% | 285.33% | |
65 Neutral | $427.56B | 21.84 | 42.58% | 1.41% | 21.62% | 45.95% | |
62 Neutral | $2.87B | -267.33 | 16.36% | ― | 20.90% | 37.46% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
PATH
UiPath
13.48
-3.66
-21.35%
DOX
Amdocs
58.84
-19.69
-25.07%
MSFT
Microsoft
535.07
25.22
4.95%
ORCL
Oracle
141.40
-162.54
-53.48%
APPN
Appian
40.10
11.58
40.60%
PLTR
Palantir Technologies
209.05
31.84
17.97%
UiPath Corporate Events
Business Operations and StrategyExecutive/Board ChangesFinancial DisclosuresProduct-Related AnnouncementsRegulatory Filings and Compliance
UiPath Posts Strong Q2 Results and Updates Leadership
Positive
Sep 3, 2026
On September 3, 2026, UiPath reported second-quarter fiscal 2027 results for the period ended July 31, 2026, with revenue rising 13% year-on-year to $410 million and annualized renewal run-rate reaching $1.938 billion, up 12%. The company delivere...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.