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| 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 |