UiPath (PATH) Operating Expenses (2020 - 2026)

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

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

UiPath's Operating Expenses history runs 7 years deep, the most recent figure standing at $326.9 million for 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 was $326.9 million for Q1 2026 at UiPath, down from $329.2 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $356.3 million in Q3 2024 and bottomed at $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.
  • Peak annual rise in Operating Expenses reached 72.92% in 2022, while the deepest fall reached 15.33% in 2022.
  • UiPath's Operating Expenses stood at $287.0 million in 2022, then increased by 15.63% to $331.8 million in 2023, then gained by 0.73% to $334.3 million in 2024, then slipped by 1.5% to $329.2 million in 2025, then fell by 0.71% to $326.9 million in 2026.
  • Business Quant data shows PATH's Operating Expenses at $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 2,921.46 Bn 2,797.02 Bn 56.06 Bn 8.75 Bn
2 PagSeguro Digital 2,686.70 Bn 2,686.70 Bn 358.92 Mn -363.49 Mn
3 Oracle 344.13 Bn 312.24 Bn - 13.05 Bn
4 Repay Holdings 342.29 Bn 342.15 Bn - -
5 Palantir Technologies 294.57 Bn 286.54 Bn 1.42 Bn 662.79 Mn
6 Palo Alto Networks 224.46 Bn 219.93 Bn 1.91 Bn 1.51 Bn
7 CrowdStrike Holdings 182.52 Bn 179.42 Bn 993.68 Mn 979.89 Mn
8 Fortinet 111.29 Bn 107.99 Bn 1.49 Bn 905.10 Mn
9 Cloudflare 93.63 Bn 92.68 Bn 455.60 Mn 517.59 Mn
10 UiPath 6.51 Bn 5.64 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