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UiPath

PATH on NYSE. UiPath sells software that automates repetitive work to businesses. Market value $4.8bn.

Watch this stockFree. We tell you when something changes.

Price checks use the past 12 months to July 2026. Quality checks use five annual reports, the latest for the year to January 2026.

Should I look at this?

Not a fit for our list right now

Why it could be worth it

What to watch out for

See Technology stocks that passed both tests

This is not advice. Check the numbers below.

Compare with another stock

Cash yield
past 12 months to July 2026
5.1%fair

For every $100 of what the whole company costs, it produced $5.09 of spare cash in the past 12 months. A savings account pays about $4.

Price to profit
past 12 months to July 2026
42.7×full

You pay 42.7 years of operating profit for the business. The average large US company costs around 18.

Return on capital
five annual reports to January 2026
-13.6%five-year median

Each dollar kept in the business earns -14 cents a year. Above 10 is good.

Quality score: 52 of 100. Price score: 56 of 100. Our list needs 70 on quality and 60 on price.

$13.10 a share, 42% above its 1-year low

Over the past year the price has ranged from $9.20 to $19.84.

Pays no dividend

Prices from Tuesday’s close (6 October).

Five years of cash, in billions

-0.1
-0.0
0.3
0.3
0.4
0.4
2022202320242025202612 monthsto Jul '26
Revenue
$892m$1.1bn$1.3bn$1.4bn$1.6bn
Operating margin
-56.1%-32.9%-12.6%-11.4%3.5%
Debt to equity
0.000.000.000.000.00
Shares outstanding
0.45bn0.55bn0.56bn0.56bn0.54bn

Health checks

  • Free cash flow positive3 of 5 years
  • Accounting looks honest (Beneish)Nothing unusual
  • Financial strength (Piotroski)6 of 8 checks we could run
  • Profit backed by cash (accruals)Yes
  • Debt0.00× equity
  • Revenue growth, five yearsStrong, 15.9% a year
  • Buying back its own sharesNo, 20% more shares since 2022

The quarter to July 2026

How the business did, compared with the same quarter a year earlier.

  • Sales: $410 million last quarter, up 13% on a year ago.
  • Profit: $36 million, up 2178% on a year ago.
  • It keeps 9 cents of each $1 of sales as operating profit, after losing 3 cents a year earlier.
  • Spare cash over the past 12 months: $363 million, up from $310 million.
  • 4% fewer shares than a year ago. Each share owns a bit more of the company.
  • It has $607 million more cash than debt, down from $629 million a year ago.
  • Sales grew on a year ago in each of the last 4 quarters.
Sales by quarter
Sales by quarter
Quarter toAmount
October 2024$355m
January 2025$424m
April 2025$357m
July 2025$362m
October 2025$411m
January 2026$481m
April 2026$418m
July 2026$410m
Profit by quarter
Profit by quarter
Quarter toAmount
October 2024-$11m
January 2025$52m
April 2025-$23m
July 2025$2m
October 2025$199m
January 2026$104m
April 2026$23m
July 2026$36m

From the company's quarterly reports to the SEC.

Dates

Next results (estimated)
n/a
Last annual report (10-K)
25 March 2026
Next quarterly (estimated, 10-Q)
8 December 2026

Who owns it

2 long-term investors we follow own it, down from 3 last quarter. 528 funds in all.

Jun '25
Dec '25
Jun '26

Sold out this quarter

Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

4 investors own more than 5%.

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

No insider bought shares on the open market in the last 12 months. 5 sold $83m, $83m of it under preset trading plans.

  • Gupta Ashim
    COO
    Sold
    under a preset trading plan
    Date
    2 October 2026
    Shares
    66,052
    Price
    $13.17
    Value
    $869,773
  • Malpani Raghavendra
    CPO & CTO
    Sold
    under a preset trading plan
    Date
    17 September 2026
    Shares
    40,464
    Price
    $14.00
    Value
    $566,553
  • Malpani Raghavendra
    CPO & CTO
    Sold
    under a preset trading plan
    Date
    16 September 2026
    Shares
    98,429
    Price
    $13.81
    Value
    $1m
  • Gupta Ashim
    COO
    Sold
    under a preset trading plan
    Date
    11 September 2026
    Shares
    117,339
    Price
    $13.85
    Value
    $2m
  • Dines Daniel
    CEO and Chairman, Director
    Sold
    under a preset trading plan
    Date
    19 August 2026
    Shares
    1,402,347
    Price
    $16.07
    Value
    $23m
  • Ramani Hitesh
    Chief Accounting Officer
    Sold
    under a preset trading plan
    Date
    14 August 2026
    Shares
    25,000
    Price
    $16.75
    Value
    $418,750
  • Ramani Hitesh
    Chief Accounting Officer
    Sold
    under a preset trading plan
    Date
    13 August 2026
    Shares
    25,000
    Price
    $16.50
    Value
    $412,500
  • Dines Daniel
    CEO and Chairman, Director
    Sold
    under a preset trading plan
    Date
    26 January 2026
    Shares
    45,000
    Price
    $15.01
    Value
    $675,450
  • Dines Daniel
    CEO and Chairman, Director
    Sold
    under a preset trading plan
    Date
    23 January 2026
    Shares
    45,000
    Price
    $15.23
    Value
    $685,350
  • Dines Daniel
    CEO and Chairman, Director
    Sold
    under a preset trading plan
    Date
    22 January 2026
    Shares
    45,000
    Price
    $15.02
    Value
    $675,900

From Form 4 filings: insiders must report trades in their own company's shares within two days.

Warning signs in its filings

Problems the company itself reported to the SEC, in its own words.

None of the warning signs we check for were found.

We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.

We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 25 Mar 2026, plus the 10-Q filed 8 Sep 2026 and 3 later 8-Ks.

A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.

What could go wrong

  • It isn't cheap on profits: 42.7× operating profit.

Whether the price already reflects the risks is what the deep dive is for.

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

  • What the business is worth, as a range, and the margin of safety at today’s price
  • Prices to start buying, buy, and buy hard
  • The three things that would make this a mistake
  • Every number footnoted to the filing it came from
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What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.