UiPath Inc. (PATH) AI Stock Analysis
PATH AI stock analysis summary
AI ResearchUiPath Inc. (PATH) is an enterprise software provider specializing in robotic process automation. In FY2026, the company generated $1.61B in revenue and achieved positive net income of $282.3M, alongside $352.2M in free cash flow. Over the trailing twelve months, revenue reached $1.72B with an operating margin of 8.9%.
- Market cap
- $6.70B
- Revenue (TTM)
- $1.72B
- P/E
- 19.2x fwd 16.7x
- 1Y return
- -19.3% S&P 500 16.8%
- Avg. target
- $15.50 20.6% vs last close
Bull case
- Free cash flow expanded to $352.2M in FY2026, up from $305.6M in FY2025 and -$68.0M in FY2022.
- Net cash stood at $1.21B as of July 31, 2026, supported by $1.28B in cash and short-term investments against $69.4M in total debt.
- Trailing twelve-month return on equity reached 20.0%, accompanied by a 21.0% profit margin and EPS of $0.67.
Bear case
- The stock declined 19.3% over the past year and 74.3% over five years, underperforming the S&P 500 five-year return of 83.0%.
- Short interest represents 26.8% of the float, indicating elevated negative sentiment.
- UiPath trades at an EV-to-EBITDA multiple of 31.2x, above the US-listed Technology peer median of 16.6x.
What UiPath does
UiPath Inc. provides automation platforms specializing in robotic process automation across the United States, Romania, and Japan. Its suite of software solutions allows organizations to build, manage, run, engage, measure, and govern automations by combining artificial intelligence with desktop recording and backend data mining. The platform offers low-code development environments enabling users to create attended and unattended automations without coding expertise. Additionally, UiPath provides centralized tools for testing and deploying automations and machine learning models, orchestrating complex processes between human workers and robots, and monitoring performance through integrated analytics.
Growth and profitability
UiPath grew annual revenue from $892.3M in FY2022 to $1.61B in FY2026, registering a 5-year revenue CAGR of 21.5%. Profitability improved over this span, moving from an operating margin of -56.1% and net income of -$525.6M in FY2022 to an operating margin of 3.8% and net income of $282.3M in FY2026. Gross margin stood at 83.0% in FY2026. In the latest quarter ended July 31, 2026, quarterly revenue expanded 13.4% year-over-year, while quarterly earnings grew 2280.8%. Over the trailing twelve months, revenue reached $1.72B with a profit margin of 21.0% and diluted EPS of $0.67.
Balance sheet and cash flow
As of July 31, 2026, UiPath held $1.28B in cash and short-term investments against $69.4M in total debt, yielding net cash of $1.21B. Total assets stood at $2.91B and shareholders' equity was $1.95B. The company maintained a current ratio of 2.39 and a debt-to-equity ratio of 0.04. During FY2026, operating cash flow reached $371.2M, supporting $19.0M in capital expenditures and $329.1M in share buybacks.
Valuation and performance
At a closing price of $12.85 on October 16, 2026, UiPath has a market cap of $6.70B and an enterprise value of $5.59B. The stock trades at a trailing P/E of 19.2x and a forward P/E of 16.7x, both lower than the median of its US-listed Technology peers at 28.1x and 18.8x, respectively. Its price-to-sales ratio of 3.9x and EV-to-EBITDA of 31.2x compare to peer medians of 2.8x and 16.6x. Over the past year, PATH fell 19.3%, trailing the S&P 500 (SPY) return of 16.8%.
What analysts expect
Wall Street coverage on UiPath consists of 2 Strong Buy, 1 Buy, 16 Hold, and 2 Sell ratings. The mean price target is $15.50, representing a 20.6% premium over the last close of $12.85. For the fiscal year ending January 31, 2027, consensus estimates project revenue of $1.79B and EPS of $0.79, reflecting 9.3% EPS growth. The company beat EPS estimates in each of the last 4 quarters. The next earnings date is scheduled for December 2, 2026.
Key risks and what to watch
- Short interest is elevated at 26.8% of the float.
- Annual revenue growth slowed from 46.8% in FY2022 to 12.7% in FY2026, with next fiscal year revenue growth estimated at 8.4%.
- The trailing twelve-month operating margin of 8.9% remains below the US-listed Technology peer median of 13.2%.
AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer
About this PATH AI stock analysis
This page is an AI-written research summary of UiPath Inc. (PATH). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.
Related: PATH income statement, PATH balance sheet, PATH key metrics, PATH analyst forecast, PATH chart. See the PATH stock overview for the latest quote and news.
PATH AI stock analysis FAQ
Does UiPath pay a dividend?
UiPath does not pay a dividend. The company returned capital through $329.1M in share buybacks during FY2026.
What is UiPath's net cash position?
As of July 31, 2026, UiPath held $1.28B in cash and short-term investments and $69.4M in total debt, resulting in net cash of $1.21B.
What is the consensus analyst target for PATH stock?
Analysts have a mean price target of $15.50 for UiPath, which represents a 20.6% premium over its closing price of $12.85 on October 16, 2026.
When does UiPath report its next quarterly earnings?
UiPath is scheduled to report its next earnings on December 2, 2026.