UiPath Inc. (PATH) Income Statement
PATH FY2026 at a glance
Fiscal year ended January 31, 2026 · U.S. dollarsPATH revenue and net income
Where PATH's revenue goes
FY2026Each bar shows an amount and its share of revenue. PATH kept 17.5% of revenue as net income.
PATH profit margins
PATH growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +12.7% | +15.0% | +21.5% | — |
| Gross profit | +13.0% | +15.0% | +19.8% | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | +89.5% | +68.7% | +51.6% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
PATH quarterly EPS vs estimates
UiPath beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: December 2, 2026 (estimate $0.10).
PATH income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.61B | $1.43B | $1.31B | $1.06B | $892.3M | $607.6M | $336.2M | $148.5M |
| Cost of revenue | $274.1M | $246.9M | $195.9M | $180.1M | $168.9M | $65.9M | $59.4M | $42.3M |
| Gross profit | $1.34B | $1.18B | $1.11B | $878.5M | $723.4M | $541.8M | $276.8M | $106.1M |
| Research & development | $385.3M | $380.7M | $332.1M | $285.8M | $276.7M | $109.9M | $131.1M | $66.9M |
| Sales, general & admin | $897.6M | $964.6M | $944.8M | $941.1M | $947.7M | $542.2M | $663.0M | — |
| Total operating expenses | $1.28B | $1.35B | $1.28B | $1.23B | $1.22B | $652.1M | $794.0M | $363.3M |
| Operating income | $61.0M | −$162.6M | −$164.7M | −$348.3M | −$500.9M | −$110.3M | −$517.3M | −$257.2M |
| Interest income | $48.0M | $49.4M | $57.1M | $28.0M | $3.6M | $1.2M | $6.7M | — |
| Interest expense | — | — | — | $28.0M | $3.6M | $15.7M | $144,000 | — |
| Income before taxes | $100.6M | −$78.1M | −$75.8M | −$317.6M | −$510.9M | −$94.7M | −$517.1M | −$258.8M |
| Income taxes | −$181.7M | −$4.4M | $14.1M | $10.8M | $14.7M | −$2.3M | $2.8M | $2.8M |
| Net income | $282.3M | −$73.7M | −$89.9M | −$328.4M | −$525.6M | −$92.4M | −$519.9M | −$261.6M |
| EBITDA | $117.6M | −$60.9M | −$53.2M | −$298.8M | −$496.2M | −$90.7M | −$501.5M | −$258.8M |
| EPS (diluted) | $0.72 | $0.38 | $0.54 | $0.15 | −$0.15 | $0.09 | −$1.06 | — |
| Gross margin | 83.0% | 82.7% | 85.0% | 83.0% | 81.1% | 89.2% | 82.3% | 71.5% |
| Operating margin | 3.8% | −11.4% | −12.6% | −32.9% | −56.1% | −18.2% | −153.9% | −173.2% |
| Net margin | 17.5% | −5.2% | −6.9% | −31.0% | −58.9% | −15.2% | −154.7% | −176.2% |
| Jul '26 | Apr '26 | Jan '26 | Oct '25 | Jul '25 | Apr '25 | Jan '25 | Oct '24 | Jul '24 | Apr '24 | Jan '24 | Oct '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $410.3M | $418.4M | $481.1M | $411.1M | $361.7M | $356.6M | $423.6M | $354.7M | $316.3M | $335.1M | $405.3M | $325.9M |
| Cost of revenue | $80.6M | $79.0M | $72.8M | $68.8M | $64.4M | $63.9M | $64.5M | $63.8M | $63.3M | $55.9M | $54.1M | $49.9M |
| Gross profit | $329.7M | $339.4M | $408.3M | $342.3M | $297.3M | $292.8M | $359.1M | $290.9M | $252.9M | $279.2M | $351.2M | $276.0M |
| Research & development | $83.4M | $92.9M | $95.2M | $96.9M | $98.3M | $94.8M | $98.5M | $97.0M | $98.4M | $85.6M | $85.6M | $84.5M |
| Sales, general & admin | $214.7M | $220.6M | $231.7M | $232.4M | $219.2M | $159.7M | $220.1M | $237.3M | $257.8M | $243.1M | $250.5M | $247.3M |
| Total operating expenses | $298.1M | $309.0M | $328.1M | $329.2M | $317.5M | $309.2M | $325.5M | $334.3M | $356.3M | $328.7M | $336.1M | $331.8M |
| Operating income | $31.6M | $30.4M | $80.3M | $13.1M | −$20.2M | −$16.4M | $33.6M | −$43.4M | −$103.3M | −$49.5M | $15.1M | −$55.8M |
| Interest income | $10.8M | $10.4M | $11.7M | $11.7M | $12.0M | $12.6M | $12.2M | $10.1M | $13.4M | $13.8M | $15.2M | $14.5M |
| Interest expense | — | — | — | — | — | — | — | — | — | — | $18.1M | — |
| Income before taxes | $52.9M | $41.0M | $92.4M | $24.6M | $3.3M | −$19.7M | $54.6M | −$25.5M | −$82.3M | −$25.0M | $36.6M | −$27.6M |
| Income taxes | $16.8M | $18.4M | −$12.0M | −$174.2M | $1.7M | $2.8M | $2.8M | −$14.8M | $3.8M | $3.8M | $2.7M | $3.9M |
| Net income | $36.1M | $22.5M | $104.5M | $198.8M | $1.6M | −$22.6M | $51.8M | −$10.7M | −$86.1M | −$28.7M | $33.9M | −$31.5M |
| EBITDA | $61.9M | $48.5M | $97.4M | $29.1M | −$14.8M | −$16.5M | $57.8M | −$21.0M | −$77.7M | −$20.1M | $40.4M | −$22.2M |
| EPS (diluted) | $0.09 | $0.06 | $0.30 | $0.16 | $0.15 | $0.11 | $0.10 | $0.11 | $0.04 | $0.13 | $0.22 | $0.12 |
| Gross margin | 80.4% | 81.1% | 84.9% | 83.3% | 82.2% | 82.1% | 84.8% | 82.0% | 80.0% | 83.3% | 86.7% | 84.7% |
| Operating margin | 7.7% | 7.3% | 16.7% | 3.2% | −5.6% | −4.6% | 7.9% | −12.2% | −32.7% | −14.8% | 3.7% | −17.1% |
| Net margin | 8.8% | 5.4% | 21.7% | 48.4% | 0.4% | −6.3% | 12.2% | −3.0% | −27.2% | −8.6% | 8.4% | −9.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in PATH's financial statements (latest annual report filed March 25, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
PATH financial results
In fiscal year 2026 (ended January 31, 2026), UiPath reported revenue of $1.6 billion, up 12.7% from the year before. It had net income of $282.3 million, a net profit margin of 17.5%. Diluted earnings per share came to $0.72. Over five years revenue grew at an average rate of 21.5% a year.
See the PATH stock overview for the latest quote and news, or the PATH chart for price history and technical indicators.
PATH income statement FAQ
What is UiPath's annual revenue?
UiPath reported total revenue of $1.6 billion for fiscal year 2026, which ended on January 31, 2026. That was up 12.7% from $1.4 billion the previous year.
Is UiPath profitable?
Yes. UiPath reported net income of $282.3 million in fiscal 2026, a net profit margin of 17.5%; its operating margin was 3.8%.
What is UiPath's gross margin?
UiPath's gross margin was 83.0% in fiscal 2026: for every $100 of revenue, UiPath kept $83 after the direct cost of its products and services.
How much does UiPath spend on research and development?
UiPath spent $385.3 million on research and development in fiscal 2026, 23.9% of revenue.
How fast is UiPath growing?
Revenue grew 21.5% a year on average over the last five fiscal years, from $607.6 million to $1.6 billion.
What are UiPath's earnings per share?
UiPath earned $0.72 per diluted share in fiscal 2026, compared with $0.38 a year earlier.
When will UiPath report its next earnings?
UiPath is expected to report results for the quarter ending October 31, 2026 on December 2, 2026 after the market closes.
When does UiPath's fiscal year end?
UiPath's fiscal year ends in January. The latest annual report covers the year ended January 31, 2026 and was filed on March 25, 2026.