UiPath
Financial Performance
UiPath Revenue & Financials
Revenue
$1.6B (FY2026)
Market Cap
$7.2B
Net Income
$282.3M
Employees
3,868
What is UiPath's revenue?
UiPath had $1.6B in revenue for fiscal year 2026, up 12.7% from 2025. Net income was $282.3M.
- Latest revenue
- $1.6B (FY2026)
- Year-over-year
- +12.7%
- Growth rate (CAGR)
- 29.8% over 6 years
- Peak revenue
- $1.6B (FY2026)
- Years of data
- 7
- Employees
- 3,868
Financial Analysis
UiPath's revenue grew from $607.6 million in fiscal 2021 to $1.611 billion in fiscal 2026. After years of GAAP losses, it reported net income of $282 million in fiscal 2026. In the second quarter of fiscal 2027 revenue was $410 million, up 13%, and it was the company's fourth straight GAAP-profitable quarter.
Revenue Trend Analysis
YoY Change
+12.7%
6-Year CAGR
+29.8%
Peak Year
2026
Trend
Consistent Growth
UiPath has 7 full fiscal year figures on this page, compounding at +29.8% annually over 6 years. The most recent year saw a 12.7% increase versus the prior year. Annual revenue peaked in fiscal year 2026 at $1.6B. Of 6 comparable year-over-year steps, 6 showed growth and 0 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Operating Income | Net Income | YoY Change | Source |
|---|---|---|---|---|---|
| FY2026 | $1.6B | $56.8M | $282.3M | +12.7% | UiPath, Inc. annual report (Form 10-K, SEC EDGAR, filed 2026-03-25) Fiscal year ended 2026-01-31. |
| FY2025 | $1.4B | -$162.6M | -$73.7M | +9.3% | UiPath, Inc. annual report (Form 10-K, SEC EDGAR, filed 2026-03-25) Fiscal year ended 2025-01-31. |
| FY2024 | $1.3B | -$164.7M | -$89.9M | +23.6% | UiPath, Inc. annual report (Form 10-K, SEC EDGAR, filed 2026-03-25) Fiscal year ended 2024-01-31. |
| FY2023 | $1.1B | -$348.3M | -$328.4M | +18.6% | UiPath, Inc. annual report (Form 10-K, SEC EDGAR, filed 2025-03-24) Fiscal year ended 2023-01-31. |
| FY2022 | $892.3M | -$500.9M | -$525.6M | +46.8% | UiPath, Inc. annual report (Form 10-K, SEC EDGAR, filed 2024-03-27) Fiscal year ended 2022-01-31. |
| FY2021 | $607.6M | -$110.3M | -$92.4M | +80.8% | UiPath, Inc. annual report (Form 10-K, SEC EDGAR, filed 2023-03-24) Fiscal year ended 2021-01-31. |
| FY2020 | $336.2M | -$517.3M | -$519.9M | — | UiPath, Inc. annual report (Form 10-K, SEC EDGAR, filed 2022-04-04) Fiscal year ended 2020-01-31. |
Click any row to see year details.
UiPath balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row. Free cash flow here is operating cash flow less capital expenditures, calculated by CorpDigest. In some years total assets exceed liabilities plus shareholders' equity because the company reported redeemable preferred stock or non-controlling interests outside both.
| Fiscal Year | Operating cash flow | Capital expenditures | Total assets | Total liabilities | Shareholders' equity | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| FY2026ended Jan 31, 2026 | $371.2M | $19M | $3.2B | $1.1B | $2.1B | $352.2M | Form 10-K |
| FY2025ended Jan 31, 2025 | $320.6M | $14.9M | $2.9B | $1B | $1.8B | $305.6M | Form 10-K |
| FY2024ended Jan 31, 2024 | $299.1M | $7.3M | $3B | $938.6M | $2B | $291.7M | Form 10-K |
| FY2023ended Jan 31, 2023 | -$10M | $23.8M | $2.7B | $815M | $1.9B | -$33.8M | Form 10-K |
| FY2022ended Jan 31, 2022 | -$55M | $8.9M | $2.6B | $650.5M | $1.9B | -$63.8M | Form 10-K |
| FY2021ended Jan 31, 2021 | $29.2M | $2M | $866.5M | $448.2M | -$803.7M | $27.2M | Form 10-K |
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UiPath Revenue and Financial FAQ
What were UiPath's total revenue and net income for fiscal 2026?
In fiscal year 2026 (ended January 31, 2026), UiPath generated $1.611 billion in revenue (up 12.7% year-over-year) and achieved its historic first full-year GAAP net income of $282.33 million, a major milestone for enterprise software profitability.
What was UiPath's Annualized Renewal Run-rate (ARR) at the close of fiscal 2026?
UiPath closed fiscal 2026 with ARR of $1.938 billion, approaching the $2 billion threshold and growing at a double-digit pace driven by cloud migrations and expansion among large enterprise accounts.
What is UiPath's non-GAAP operating margin profile?
UiPath's non-GAAP operating margin expanded past 20% in fiscal 2026, generating over $320 million in non-GAAP operating income as management enforced operational discipline and rationalized sales expenses.
How much free cash flow does UiPath generate annually?
UiPath generates robust free cash flow, exceeding $300 million to $350 million annually, with strong cash conversion driven by upfront enterprise annual software subscription billings.
What is the scale of UiPath's share repurchase program?
UiPath's Board of Directors authorized a $500 million share repurchase program, systematically buying back shares to offset dilution from employee stock-based compensation (SBC).
How much cash and liquidity does UiPath hold on its balance sheet?
UiPath maintains a fortress-like balance sheet with approximately $1.7 billion to $1.9 billion in cash, cash equivalents, and marketable securities, with zero debt, insulating operations from economic downcycles.
How has UiPath controlled stock-based compensation (SBC)?
Under CEO Daniel Dines' disciplined cost program, UiPath reduced stock-based compensation from over 25% of revenue post-IPO down toward 14–16% of revenue, accelerating GAAP net profitability.
How many enterprise customers generate more than $100,000 in ARR for UiPath?
UiPath serves more than 2,100 customers contributing over $100,000 in ARR each, and over 300 mega-customers contributing over $1 million in ARR each, demonstrating deep penetration across global multinationals.
What is UiPath's GAAP gross margin percentage?
UiPath maintains elite enterprise software gross margins of 83% to 85%, reflecting the high leverage of its cloud software code and minimal physical hosting overhead.
What were the financial consequences of the mid-2024 guidance reduction?
In May 2024, unexpected enterprise sales cycle elongations and contract restructuring caused a temporary guidance trim and stock drop, which precipitated the CEO transition and Daniel Dines' return to lead operations.
What percentage of UiPath's business is conducted outside the United States?
Approximately 50% of UiPath's revenue is generated internationally, with balanced geographic diversification across Europe, the Middle East, Africa (EMEA), and Asia-Pacific (especially Japan).
What is the forward financial outlook for UiPath as it crosses $2B in ARR?
UiPath is positioned to sustain double-digit ARR growth, expand non-GAAP operating margins past 22–25%, and compound free cash flow as Agentic AI upgrades roll out across its installed customer base.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "UiPath Revenue & Financials." CorpDigest, https://corpdigest.com/company/uipath/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>UiPath reported $1.6B in revenue (FY2026).</strong><br>Source: <a href="https://corpdigest.com/company/uipath/financials" target="_blank" rel="noopener">CorpDigest — UiPath financials</a></div>Related Financial Audits
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