PATHNYSEServices-Prepackaged SoftwareFiscal year ends January 31
UiPath, Inc.
Financials through Q2 FY2027, quarter ended Jul 31, 2026Last filing: 10-Q on Sep 8, 2026
$13.12+0.27 (+2.10%)
Close on Oct 19, 2026
- Market cap
- $6.86B
- P/E (TTM)
- 19.6
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2019 to 2026
Gross margin
83.2%−6.0 pts over 5 years
Operating margin
3.5%+21.7 pts over 5 years
Net margin
17.5%+32.7 pts over 5 years
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +12.7% | +15.0% | +21.5% | – | |
| Gross profit | +13.3% | +15.1% | +19.8% | – | |
| Free cash flow | +15.2% | – | +66.9% | – |
Returns and balance sheet
8 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2019 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | – | 11.5% | 14.4% | |
| Return on assets | – | – | 9.3% | |
| Current ratio | – | 2.01 | 2.48 | |
| Capex to revenue | – | 0.3% | 1.2% | |
| Diluted shares | – | 168M | 545M |
Where the cash went
Fiscal 2022 to 2026, five years combined
UiPath generated $1.06B from operations and spent $896.47M on capital expenditure, dividends and share buybacks. 8% of that went back into the business.
Generated
$1.06B
Used
$896.47M
Capital expenditure$74.01M8%Dividends$00%Share buybacks$822.47M92%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin17.5%
×Asset turnover0.53×
×Equity multiplier1.54×
=Return on equity, FY202614.4%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | 17.5% | 0.53× | 1.54× | 14.4% |
| FY2025 | -5.2% | 0.49× | 1.51× | -3.8% |
| FY2024 | -6.9% | 0.46× | 1.45× | -4.6% |
| FY2023 | -31.0% | 0.40× | 1.38× | -17.1% |
| FY2022 | -58.9% | 0.52× | 3.08× | -94.0% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
7of 8 tests passed in fiscal 2026. Some tests lack the figures they need.
- ProfitableNet income above zero$282.33M
- Cash generatingOperating cash flow above zero$371.21M
- Return on assets improvedROA up on the prior year-2.5% → 9.9%
- Earnings backed by cashOperating cash flow above net income$371.21M vs $282.33M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose2.93 → 2.48
- No dilutionShare count did not rise560M → 545M
- Gross margin improvedGross margin up on the prior year82.73% → 83.17%
- More efficientAsset turnover rose0.48 → 0.56