UiPath, Inc.(PATH)Stock Analysis
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Rank #451 of 2,879 stocksTOP 25%
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
PATH Stock Analysis & AI Quality Score
AI stock analysis and institutional research for UiPath, Inc. (PATH), a Technology sector company. 13F Pro's AI-powered ranking engine scores PATH at 67.7/100 on a 32-signal composite quality model, placing it at rank #451 of 2,879 stocks — the top 25% of the AI-ranked universe. PATH scores in the top quartile across profitability (81.0), free cash flow (77.6), institutional flow (77.6). Areas of concern include earnings quality (30.0), which score below median versus the broader universe. Shareholder dilution risk is elevated at 10.2/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2027), UiPath, Inc. reports quarterly revenue of $418.4M, net income of $22.5M, an operating margin of 6.7%. Top institutional holders of PATH by reported 13-F value include BlackRock,, VANGUARD PORTFOLIO MANAGEMENT, TFG Asset Management GP Ltd, based on the most recent SEC filings. PATH trades on the NYSE exchange and files with the SEC under CIK 1734722. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate PATH daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for UiPath, Inc. directly from SEC EDGAR. UiPath, Inc.'s 13F Pro composite quality score has ranged between 8 and 69 since 2022, currently 67.7 — an improving long-term trajectory across 51 quarterly and live scoring snapshots.
What's Driving PATH's Business? Latest 10-Q Breakdown
✓ 31/31 datapoints verifiedAI-extracted from UiPath, Inc.'s 10-Q filed 2026-06-04 — Q1 FY2027 (quarter ended April 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
UiPath reported Q1 revenue of $418.4M (+17% YoY) driven by subscription services growth, with ARR of $1.9B (+12% YoY) and net income of $22.5M versus loss of $22.6M in prior year.
Biggest Revenue Drivers
Total revenue: $418.4M+17% YoY
Maintenance, support, and SaaS revenue recognized ratably over subscription terms; growth driven by both prior-period sales continuation and new current-period sales.
Term licenses recognized at point in time when customer can use and benefit from software; growth reflects increased customer adoption and expansion.
Fees for deployment, education, and training services recognized as services rendered.
Largest Expense Items
Increase driven by higher sales commissions amortization, marketing/travel expenses, and depreciation; partially offset by lower consulting fees.
Increase primarily from $5.6M higher third-party hosting/software costs and $1.6M increased depreciation, partially offset by lower personnel costs.
Decrease from lower stock-based compensation expense, partially offset by higher salary and severance costs.
Decrease driven by lower stock-based compensation and charitable donations, partially offset by $2.4M increase in fair value of contingent consideration.
Margins: Gross margin remained flat at 82% despite revenue growth of 17%, as increased subscription services revenue and higher margin were offset by increased professional services costs, primarily from third-party subcontractor usage.
Watch Items from the Filing
- WorkFusion acquisition for $190M (Feb 2026) with $30M contingent consideration; Peak AI contingent consideration increased $2.4M in fair value during quarter, creating acquisition-related payment obligations.
- Romania VAT audit: $14.3M assessment paid; ongoing appeal with estimated additional possible loss of $13M not yet accrued. India GST inspection: $46.8M inquiry raised with no probable loss accrued.
- Multiple securities class actions and shareholder derivative lawsuits pending; 2023 action dismissed but subject to appeal; 2024 action has second amended complaint pending motion to dismiss as of Oct 2025.
- ARR grew 12% YoY to $1.9B; dollar-based net retention rate 109% indicates strong existing customer expansion; 374 customers with ARR ≥$1M represent 52% of quarterly revenue.
- Cash and marketable securities declined from $1.7B (Jan 31, 2026) to $1.4B (Apr 30, 2026) due to $243.8M share repurchases and $149.4M acquisition payments; stock repurchased at average $11.47/share in Q1.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Revenue
Q1 2027
$418.4M
Net Income
Q1 2027
$22.5M
Free Cash Flow
Q1 2027
$129.2M
Operating Margin
Q1 2027
6.7%
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+12.7% YoYNet Income
+483.1% YoYOperating Income
+134.9% YoYEPS (Diluted)
+500.0% YoYTotal Assets
+11.0% YoYOp. Cash Flow
+15.8% YoY| Metric | FY 2026 | FY 2025 | FY 2024 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $1.61B +12.7% | $1.43B +9.3% | $1.31B +46.6% | $892.3M +46.8% | $607.6M +80.8% | $336.2M |
| Net Income | $282.3M +483.1% | $-73.7M +18.0% | $-89.9M +82.9% | $-525.6M -468.9% | $-92.4M +82.2% | $-519.9M |
| Operating Income | $56.8M +134.9% | $-162.6M +1.3% | $-164.7M +67.1% | $-500.9M -354.1% | $-110.3M +78.7% | $-517.3M |
| EPS (Diluted) | $0.52 +500.0% | $-0.13 +18.8% | $-0.16 +86.2% | $-1.16 -110.9% | $-0.55 +51.6% | $-1.14 |
| Total Assets | $3.18B +11.0% | $2.87B -3.0% | $2.95B +14.9% | $2.57B +196.9% | $866.5M | — |
| Operating Cash Flow | $371.2M +15.8% | $320.6M +7.2% | $299.1M +644.2% | $-55.0M -288.4% | $29.2M +108.1% | $-359.4M |
AI Insight: PATH Financial Trends
UiPath swung to sustained profitability in 2026 after volatile 2025, with Q1 2026 marking strongest revenue and operating income in the dataset.
• Net income surged from $2M loss in Q3 2025 to $199M profit in Q4 2025, then $104M in Q1 2026, signaling durability of profitability inflection.
• Revenue grew 31% YoY from Q1 2025 ($424M) to Q1 2026 ($481M), though Q2 2026 pulled back 17% to $418M sequentially.
• Operating income improved dramatically: Q1 2026 delivered $80M positive vs. $-103M in Q3 2024; Q2 2026 held $28M positive.
⚠ Q2 2026 revenue ($418M) declined 13% from Q1 2026 peak ($481M), reversing growth momentum and breaking uptrend; monitor sustainability.
⚠ Operating CF fell 27% from Q1 2026 ($182M) to Q2 2026 ($132M), despite positive operating income; may signal working-capital headwinds.
AI Insight: PATH Ratio Trends
Path to profitability solidifying: OpMargin swung from -32.7% in Q3 2024 to +6.0% TTM, with Q1 2026 hitting 16.7%.
• Operating margin recovered sharply from -32.7% (Q3 2024) through inflection at Q1 2025 (+7.9%), reaching 16.7% in Q1 2026.
• ROIC swung from -22.6% (Q3 2024) to +5.3% TTM; Q1 2026 posted 15.4%, strongest quarter on record.
• Net profit margin expanded from -27.2% (Q3 2024) to +19.6% TTM, with Q4 2025 spike to 48.4% then normalizing.
⚠ Q2 2026 shows sequential margin compression: OpMargin fell to 6.7% from 16.7% in Q1 2026; ROIC dropped 9.5pp.
⚠ Q4 2025 NPM spike to 48.4% appears anomalous; subsequent Q2 2026 NPM of 5.4% suggests seasonal or one-off driver.
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Top Institutional Holders of PATH
BlackRock, Inc.
$477.9M43,055,302 shVANGUARD PORTFOLIO MANAGEMENT LLC
$294.0M26,488,863 shTFG Asset Management GP Ltd
$279.8M25,207,628 shVANGUARD CAPITAL MANAGEMENT LLC
$206.4M18,594,868 shSTATE STREET CORP
$148.1M13,346,181 shSUSQUEHANNA INTERNATIONAL GROUP, LLP
$116.8M10,518,100 shBANK OF AMERICA CORP /DE/
$111.5M10,046,699 shUBS Group AG
$104.4M9,403,093 shMORGAN STANLEY
$94.4M8,503,907 shGEODE CAPITAL MANAGEMENT, LLC
$89.4M8,050,156 sh
| Fund | Value | Shares |
|---|---|---|
| BlackRock, Inc. | $477.9M | 43,055,302 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $294.0M | 26,488,863 |
| TFG Asset Management GP Ltd | $279.8M | 25,207,628 |
| VANGUARD CAPITAL MANAGEMENT LLC | $206.4M | 18,594,868 |
| STATE STREET CORP | $148.1M | 13,346,181 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $116.8M | 10,518,100 |
| BANK OF AMERICA CORP /DE/ | $111.5M | 10,046,699 |
| UBS Group AG | $104.4M | 9,403,093 |
| MORGAN STANLEY | $94.4M | 8,503,907 |
| GEODE CAPITAL MANAGEMENT, LLC | $89.4M | 8,050,156 |
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Is PATH a good stock to buy?
13F Pro's AI-powered analysis of UiPath, Inc. (PATH) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Technology sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for PATH are available on the PATH stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own PATH?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling PATH. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of UiPath, Inc.'s investment landscape.