UiPath Inc. (PATH) Stock

UiPath Inc. (PATH) is a Technology stock trading at $15.90 (as of 2026-08-20), with a market capitalization of $8.39B and a trailing P/E of 41.9. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

UiPath Inc. provides an end-to-end automation platform that offers a range of robotic process automation (RPA) solutions primarily in the United States, Romania, and Japan. The company offers a suite of interrelated software to build, manage, run, engage, measure, and govern automation within the organization. Its platform combines artificial intelligence with desktop recording, back-end mining of both human activity and system logs, and intuitive visualization tools, which enables users to discover, analyze, and identify processes to automate in a centralized portal; offers low-code development environments that allows users in an organization to create attended and unattended automations without any prior knowledge of coding; deploys robots in highly immersive attended experiences or in standalone, unattended modes behind the scenes, and can leverage native connectors built for commonly used line-of-business applications; offers centralized tools designed to manage, test, and deploy automations and ML models across the enterprise; allows customers to manage long running processes that orchestrate work between robots and humans; and enable users to track, measure, and forecast the performance of automation in their enterprise and help businesses ensure compliance with business standards. In addition, the company provides maintenance and support for its software, as well as professional services, such as training and implementation services to facilitate the adoption of its platform. It serves banking, healthcare, financial services, and government entities. UiPath Inc. was founded in 2005 and is headquartered in New York, New York.

Understand UiPath Inc.: how it makes money

UiPath provides an end-to-end automation platform (RPA) with software to build, manage, run, and govern automation, and it makes money mainly from subscription services, along with licenses and professional services.

Subscription-led revenue is sustained by retention and forward demand visibility, as shown by Annual Recurring Revenue (1.9 USD_B), Dollar-Based Net Revenue Retention Rate (109%), and Remaining Performance Obligations (1.41 USD_B).

Revenue by segment (latest quarter)
Subscription$0.3B
Licenses$0.1B
Services$0.0B

Business quality (Mixed): The operating metrics (ARR, Net New Annual Recurring Revenue, retention, and remaining performance obligations) suggest a subscription-driven model with measurable renewal and forward workload visibility, but the engine depends on continued net expansion and replenishment of ARR.

Valuation: Trades at 18× trailing earnings · $6B market cap.

Bull case

  • Net expansion appears positive: Net New Annual Recurring Revenue is 0.05 USD_B.
  • Customers, on average, expand value over time: Dollar-Based Net Revenue Retention Rate is 109%.
  • There is forward visibility tied to contracted demand: Remaining Performance Obligations are 1.41 USD_B, with 0.91 USD_B as Current Remaining Performance Obligations.
  • The revenue mix is weighted to recurring offerings: Revenue From Subscription Services is 0.25 USD_B, compared with Revenue From Licenses (0.15 USD_B) and Revenue From Professional Services And Other (0.02 USD_B).

Bear case

  • Top-line retention is not universally strong at the gross level: Dollar-Based Gross Revenue Retention Rate is 97%.
  • Operating leverage is present but the operating margin is still modest: Operating margin is 6.7% (gross margin is 81.6%).
  • Growth and re-acceleration depend on continuing ARR creation: The subscription engine relies on Net New Annual Recurring Revenue (0.05 USD_B) and the replenishment of Remaining Performance Obligations (1.41 USD_B).
  • The company is emphasizing AI capabilities, but the metric provided is limited: Artificial Intelligence Traction With Respect To Annual Recurring Revenue is 0.2 USD_B, and its impact on future ARR is not shown in the provided facts.
Valuation — source: SEC EDGAR (first-party)
Price$15.90
Market Cap$8.39B
P/E Ratio41.9
EV / EBITDA432.9
Price / Book4.41
Price / Sales5.42
FCF Yield6.6%
DCF Value (model)$10.24
DCF Upside vs Price-35.6%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$1.61B
Net Margin17.5%
Revenue Growth (YoY)12.7%
EPS Growth (YoY)-500.0%
FCF Growth (YoY)15.2%
Financial Health — source: SEC EDGAR
Altman Z-Score5.06 (safe)
Valuation vs Sector & Industry
Stock P/E41.9
Sector P/E (Technology)33.9
Industry P/E (Business Services)30.0
vs Sector23.4%
vs Industry39.8%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($804.99M)
Institutional Holders Tracked10
Company
SectorTechnology
IndustryBusiness Services
CEODaniel Solomon Dines
Employees3,868
CountryUS
IPO Date2021-04-21

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PATH earnings history · PATH institutional & insider holders · PATH KPIs & operating metrics · PATH financials · PATH investor presentations & press releases · PATH SEC filings · PATH peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.