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what it is
UiPath sells software that handles repetitive office work, so your employees stop clicking the same buttons all day.
how it gets paid
Last year Uipath made $1.4B in revenue. Software licenses was the main engine at $0.49B, or 35% of sales.
why it's growing
Revenue grew 9.3% last year. And while smaller customers remain a weaker point.
what just happened
UiPath's latest quarter showed revenue up 16% to $411M, with profit finally looking less theoretical.
At a glance
B balance sheet — gets the job done, barely
22.1x trailing p/e — priced about right
19.5% return on capital — nothing to write home about
xvary composite: 52/100 — below average
$0.75 fy2026 eps est
What they do
UiPath sells software that handles repetitive office work, so your employees stop clicking the same buttons all day.
UiPath had 10,753 customers as of January 31, 2025. That matters because automation software gets sticky once your workflows depend on it. Switching costs (pain of ripping out software) → leaving breaks processes → so what: your customer usually stays put unless a rival is clearly better.
How they make money
$1.4B
annual revenue · their business grew +9.3% last year
Software licenses
$0.49B
Maintenance and support
$0.31B
Hosted software access
$0.38B
Hybrid solutions
$0.11B
Professional services
$0.11B
The products that matter
enterprise automation platform
UiPath Platform
$1.4B · entire reported revenue base here
this snapshot gives one top-line revenue figure, not a clean segment split. what matters is that the full $1.4B business still converts revenue into an 82.6% gross margin.
82.6% gross margin
earnings power
Profit engine
25.0% net margin · 19.5% return on capital
for every dollar of revenue, UiPath keeps about 25 cents in profit. that's better than the stock's mood suggests, but not enough on its own to end the growth debate.
25.0% net margin
future scale target
Revenue path
$2B fy2028 estimate
the market is underwriting a move from $1.4B to $2B in annual revenue. if that path slips, the stock stops looking like a software recovery and starts looking merely average.
$2B target
Key numbers
$2.0B
2028 revenue
Revenue is projected at $2.0B by fiscal 2028, up from $1.4B today, so your real question is whether profit rises with it.
19.5%
return on capital
Return on capital → profit generated from invested money → so what: UiPath is showing real efficiency, not just adjusted-slide optimism.
11.4%
operating margin
Operating margin → profit after running the business → so what: the company is still climbing out of the hole on a full-year basis.
14.3x
forward p/e
Forward P/E → price versus next year's profit → so what: the stock is not priced like a hypergrowth darling anymore.
Financial health
B
strength
- balance sheet grade B — adequate — nothing special
- risk rank 4 — safer than 20% of stocks
- price stability 10 / 100
- net profit margin 25.0% — keeps 25 cents of every dollar in revenue
- return on equity 20% — $0.20 profit for every $1 investors have put in
B — functional but not a standout on the balance sheet.
Total return vs. market
Return history isn't available for PATH right now.
source: institutional data · return history unavailable
What just happened
beat estimates
UiPath's latest quarter showed revenue up 16% to $411M, with profit finally looking less theoretical.
Gross margin was about 82.6%, and adjusted operating margin reached 22% in the latest quarter. Quiet part out loud: investors are no longer paying for growth alone; they want proof the business can keep its costs under control.
$411M
revenue
$0.16
eps
82.6%
gross margin
the number that mattered
82.6% gross margin matters because software this rich in margin has room to turn even modest growth into a lot more earnings.
-
uipath’s latest quarter suggests the business is getting back on steadier footing.
-
revenue grew 16% to $411 million in the october 2025 fiscal quarter (year ends january 31st.) and annual recurring revenue (arr) grew 11% to $1.8 billion.
-
meanwhile, profitability improved, with a roughly 85% gross margin and 22% adjusted operating margin.
-
to wit, the company churned out a small operating profit on a gaap basis.what we’ve seen in the current technological landscape is that companies are searching for solutions that yield real-time return on investment (roi), since earlystage efforts to implement artificial intelligence (ai) have proven largely unfruitful thus far. as a result, since uipath can tie automation to clear cost and time savings, larger customers keep expanding.
-
gross retention stayed very high at around 98% and net retention was 107%.and while smaller customers remain a weaker point, uipath’s solutions should proliferate as the technology is further refined and ai becomes increasingly integrated across the platform.
source: company earnings report, 2026
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What could go wrong
the top risk here is ai automation competition without a growth payoff. UiPath already has the margins. The market is questioning whether it can turn that into faster growth and a more stable multiple.
med
ai expansion becomes cost, not acceleration
Recent coverage keeps circling the same issue: AI expansion and margin progress. That's the right place to look. A software company with 82.6% gross margin does not get much credit if new spending fails to lift growth above 9.3%.
Because the snapshot does not show separate segment exposure, the practical revenue exposure is the full $1.4B platform story.
med
enterprise automation budgets get pulled toward larger platforms
The ServiceNow comparison is doing the market's thinking out loud. If larger software suites absorb more workflow automation spending, UiPath's standalone pitch gets harder.
That risk also touches the full $1.4B revenue base because this page does not show diversified business lines cushioning the blow.
med
the multiple can compress before the business breaks
A 22.1x trailing p/e is fine if investors believe growth improves. Pair that with a 10 / 100 price stability score and a $9–$20 52-week range, and you get the real issue: this stock can move violently on expectations alone.
That kind of volatility can hit you even if the income statement still looks respectable.
Three clear risks, one common thread: if growth stays around 9.3% while competition and AI investment intensify, the full $1.4B revenue story gets valued more like average software than premium software.
source: institutional data · regulatory filings · risk analysis
Pay attention to
metric
9.3% revenue growth
Margins already look like software royalty money. Growth is the number still doing the heavy lifting in the debate.
risk
10 / 100 price stability
The business may be steadier than the stock. That gap matters if you care about entry points and your own tolerance for sharp moves.
estimate
$0.75 fy2026 eps and $2B fy2028 revenue
Those are the markers the market is leaning on. Hit them cleanly and the story improves. Miss them and the patience gets thinner.
ownership
three straight quarters of net institutional buying
239 buyers versus 234 sellers is not dramatic. The streak matters more than the margin.
Analyst rankings
short-term outlook
top 20%
outlook rank 2 — analysts expect above-average price performance in the year ahead.
risk profile
below average
risk rank 4 — more volatile than most — brace for bigger swings.
chart momentum
top 5%
momentum rank 1 — the highest rating — analysts expect this stock to outperform almost everything.
source: institutional data
Institutional activity
institutions have been net buying for 3 consecutive quarters — 239 buyers vs. 234 sellers in 3q2025. total institutional holdings: 0.3B shares. net buying for 3 quarters.
source: institutional data
Price targets
3-5 year target range
$5
$21
$14
current price
$13
target midpoint · 9% from current · 3-5yr high: $30 (+110% · 21% ann'l return)
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