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| 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 |