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
DateValue
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