UiPath (PATH) Operating Expenses (2020 - 2026)
UiPath (PATH) reported Operating Expenses of $326.9 million for Q1 2026, little changed on a YoY basis from $325.5 million in Q1 2025, and down 0.71% quarter-over-quarter from $329.2 million in Q4 2025.
UiPath (PATH) Operating Expenses (2020 - 2026) Analysis & Trends
UiPath has reported Operating Expenses for 7 years, with the latest figure at $326.9 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses changed 0.42% year-over-year to $326.9 million; the trailing twelve-month figure through Jan 2026 stood at $1.3 billion (down 4.64% YoY), and the FY2026 full-year result was $1.3 billion, down 4.64% from the prior year.
- Operating Expenses for Q1 2026 stood at $326.9 million, down from $329.2 million in the prior quarter.
- The five-year high for Operating Expenses was $356.3 million in Q3 2024, with the low at $287.0 million in Q4 2022.
- Historically, Operating Expenses has averaged $319.5 million across 5 years, with a median of $317.8 million in 2022.
- The largest YoY upside for Operating Expenses was 72.92% in 2022 against a maximum downside of 15.33% in 2022.
- UiPath's Operating Expenses 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 | 2,903.35 Bn | 2,825.07 Bn | 56.06 Bn | 10.85 Bn |
| 2 | Alarum Technologies | 1,127.45 Bn | 1,113.30 Bn | 7.23 Mn | 6.42 Mn |
| 3 | Oracle | 528.84 Bn | 490.27 Bn | 15.14 Bn | 11.73 Bn |
| 4 | Palantir Technologies | 306.36 Bn | 298.44 Bn | 1.42 Bn | 662.79 Mn |
| 5 | Palo Alto Networks | 194.33 Bn | 189.79 Bn | 1.91 Bn | 1.51 Bn |
| 6 | CrowdStrike Holdings | 171.19 Bn | 168.13 Bn | 993.68 Mn | 979.89 Mn |
| 7 | Fortinet | 108.13 Bn | 104.84 Bn | 1.49 Bn | 905.10 Mn |
| 8 | Synopsys | 86.21 Bn | 86.09 Bn | 1.77 Bn | 1.57 Bn |
| 9 | Cloudflare | 80.35 Bn | 79.41 Bn | 455.60 Mn | 517.59 Mn |
| 10 | UiPath | 5.67 Bn | 4.19 Bn | 407.17 Mn | 326.89 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Apr 30, 2021 | 373.21 Mn |