UiPath (PATH) Operating Expenses (2020 - 2026)

UiPath (PATH) posted Operating Expenses of $326.9 million for Q1 2026, down 0.71% quarter-over-quarter from $329.2 million in Q4 2025, and little changed year-on-year from $325.5 million in Q1 2025.

UiPath (PATH) Operating Expenses (2020 - 2026) Analysis & Trends

UiPath (PATH) has reported Operating Expenses for 7 consecutive years, with $326.9 million the latest figure, recorded in Q1 2026.

  • Operating Expenses for Q1 2026 came in at $326.9 million, changed 0.42% year-over-year; the trailing twelve-month figure through Jan 2026 was $1.3 billion (down 4.64% YoY), and the FY2026 annual result was $1.3 billion, down 4.64% from the prior year.
  • Operating Expenses was $326.9 million for Q1 2026 at UiPath, down from $329.2 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $356.3 million in Q3 2024 and troughed at $287.0 million in Q4 2022.
  • Average Operating Expenses over 5 years is $319.5 million, with a median of $317.8 million recorded in 2022.
  • The widest YoY moves for Operating Expenses: up 72.92% in 2022, down 15.33% in 2022.
  • Over 5 years, Operating Expenses stood at $287.0 million in 2022, then rose by 15.63% to $331.8 million in 2023, then advanced by 0.73% to $334.3 million in 2024, then dropped by 1.5% to $329.2 million in 2025, then retreated by 0.71% to $326.9 million in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $326.9 million in Q1 2026, $329.2 million in Q4 2025, and $317.5 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Microsoft 2,853.66 Bn 2,775.39 Bn 56.06 Bn 10.85 Bn
2 Oracle 408.21 Bn 376.86 Bn 17.12 Bn 13.05 Bn
3 Palantir Technologies 300.98 Bn 293.06 Bn 1.42 Bn 662.79 Mn
4 Palo Alto Networks 247.84 Bn 243.30 Bn 1.91 Bn 1.51 Bn
5 CrowdStrike Holdings 193.63 Bn 190.57 Bn 993.68 Mn 979.89 Mn
6 Fortinet 117.45 Bn 114.16 Bn 1.49 Bn 905.10 Mn
7 Cloudflare 86.88 Bn 85.93 Bn 455.60 Mn 517.59 Mn
8 Synopsys 86.18 Bn 86.06 Bn 1.77 Bn 1.57 Bn
9 Block 46.10 Bn 39.21 Bn 2.91 Bn 3.08 Bn
10 UiPath 6.20 Bn 4.73 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