Overview
UiPath makes enterprise automation software. Its platform lets companies build software robots and AI agents, run them across business applications, and coordinate them with human approvals. The company is headquartered in New York and trades on the NYSE under the ticker PATH.
Origins
Daniel Dines and Marius Tîrcă founded the business in Bucharest in 2005 as DeskOver, selling automation libraries to developers. Around 2013 they shifted to robotic process automation, renamed the company UiPath in 2015, and went public in April 2021.
Leadership
Dines is chief executive. Rob Enslin, hired in 2022 as co-CEO, ran the company alone from February 2024 until he stepped down on June 1, 2024, when Dines returned. Ashim Gupta is CFO and COO.
Financial results
For the fiscal year ended January 31, 2026, revenue rose 13% to $1.611 billion and UiPath recorded GAAP net income of $282 million, its first profitable year. ARR was $1.853 billion at year end. In the second quarter of fiscal 2027, ended July 31, 2026, revenue was $410 million, up 13%, ARR reached $1.938 billion, and the company raised its full-year guidance. It had $1.405 billion in cash, cash equivalents and marketable securities and no debt.
Strategy
UiPath is moving from classic robotic process automation toward orchestrating AI agents. It bought Peak in March 2025 and WorkFusion in February 2026 to add industry-specific agents, and in 2026 announced banking solutions for fraud and lending, an audit agent with BDO, and a Snowflake integration. The main competitive pressure comes from Microsoft, ServiceNow and other platforms adding their own agents.
