UiPath (PATH) Operating Expenses (2020 - 2026)
UiPath's (PATH) quarterly Operating Expenses came in at $326.9 million in Q1 2026, little changed YoY from $325.5 million in Q1 2025, and down 0.71% on a QoQ basis from $329.2 million in Q4 2025.
UiPath (PATH) Operating Expenses (2020 - 2026) Analysis & Trends
UiPath (PATH) has 7 years of Operating Expenses data on file, last reported at $326.9 million in Q1 2026.
- Quarterly Operating Expenses changed 0.42% year-over-year to $326.9 million in Q1 2026, while the trailing twelve-month figure through Jan 2026 was $1.3 billion (down 4.64% YoY) and the FY2026 annual result came in at $1.3 billion, down 4.64% from the prior year.
- Operating Expenses retreated to $326.9 million in Q1 2026, from $329.2 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $356.3 million in Q3 2024 to a low of $287.0 million in Q4 2022.
- A 5-year average of $319.5 million and a median of $317.8 million in 2022 frame the typical range for Operating Expenses.
- The widest YoY moves for Operating Expenses: up 72.92% in 2022, down 15.33% in 2022.
- Tracing PATH's Operating Expenses over 5 years: stood at $287.0 million in 2022, then climbed by 15.63% to $331.8 million in 2023, then increased by 0.73% to $334.3 million in 2024, then retreated by 1.5% to $329.2 million in 2025, then dropped by 0.71% to $326.9 million in 2026.
- The last three Operating Expenses figures came in at $326.9 million (Q1 2026), $329.2 million (Q4 2025), and $317.5 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 12.28 Bn |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 726.59 Mn |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | 13.05 Bn |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | 2.21 Bn |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 953.90 Mn |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | 705.21 Mn |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 1.57 Bn |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | 2.62 Bn |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 2.72 Bn |
| 10 | UiPath | 8.19 Bn | 6.88 Bn | 341.45 Mn | 313.47 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 313.47 Mn |
| Jan 31, 2026 | 326.89 Mn |
| Oct 31, 2025 | 329.23 Mn |
| Jul 31, 2025 | 317.53 Mn |
| Apr 30, 2025 | 309.18 Mn |
| Jan 31, 2025 | 325.50 Mn |
| Oct 31, 2024 | 334.25 Mn |
| Jul 31, 2024 | 356.28 Mn |
| Apr 30, 2024 | 329.25 Mn |
| Jan 31, 2024 | 336.81 Mn |
| Oct 31, 2023 | 331.82 Mn |
| Jul 31, 2023 | 315.91 Mn |
| Apr 30, 2023 | 292.33 Mn |
| Jan 31, 2023 | 306.01 Mn |
| Oct 31, 2022 | 286.97 Mn |
| Jul 31, 2022 | 317.84 Mn |
| Apr 30, 2022 | 316.00 Mn |
| Jan 31, 2022 | 299.41 Mn |
| Oct 31, 2021 | 293.96 Mn |
| Jul 31, 2021 | 257.75 Mn |