UiPath (PATH) Research & Development (2020 - 2026)
UiPath (PATH) reported Research & Development of $95.2 million for Q1 2026, down 4.53% on a YoY basis from $99.7 million in Q1 2025, and down 1.77% quarter-over-quarter from $96.9 million in Q4 2025.
UiPath (PATH) Research & Development (2020 - 2026) Analysis & Trends
UiPath has reported Research & Development for 7 years, with the latest figure at $95.2 million in Q1 2026.
- For the quarter ending Q1 2026, Research & Development fell 4.53% year-over-year to $95.2 million; the trailing twelve-month figure through Jan 2026 stood at $385.2 million (up 1.19% YoY), and the FY2026 full-year result was $385.2 million, up 1.19% from the prior year.
- Research & Development for Q1 2026 stood at $95.2 million, down from $96.9 million in the prior quarter.
- The five-year high for Research & Development was $99.7 million in Q1 2025, with the low at $64.4 million in Q1 2022.
- Historically, Research & Development has averaged $85.2 million across 5 years, with a median of $85.6 million in 2024.
- The largest YoY upside for Research & Development was 120.63% in 2022 against a maximum downside of 26.17% in 2022.
- UiPath's Research & Development stood at $67.3 million in 2022, then climbed by 25.5% to $84.5 million in 2023, then rose by 14.75% to $97.0 million in 2024, then fell by 0.11% to $96.9 million in 2025, then fell by 1.77% to $95.2 million in 2026.
- The last three Research & Development figures came in at $95.2 million (Q1 2026), $96.9 million (Q4 2025), and $98.3 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,903.35 Bn | 2,825.07 Bn | 56.06 Bn | 8.92 Bn |
| 2 | Alarum Technologies | 1,127.45 Bn | 1,113.30 Bn | 7.23 Mn | 2.30 Mn |
| 3 | Oracle | 528.84 Bn | 490.27 Bn | 15.14 Bn | 2.61 Bn |
| 4 | Palantir Technologies | 306.36 Bn | 298.44 Bn | 1.42 Bn | 160.98 Mn |
| 5 | Palo Alto Networks | 194.33 Bn | 189.79 Bn | 1.91 Bn | 511.00 Mn |
| 6 | CrowdStrike Holdings | 171.19 Bn | 168.13 Bn | 993.68 Mn | 356.41 Mn |
| 7 | Fortinet | 108.13 Bn | 104.84 Bn | 1.49 Bn | 214.00 Mn |
| 8 | Synopsys | 86.21 Bn | 86.09 Bn | 1.77 Bn | 714.99 Mn |
| 9 | Cloudflare | 80.35 Bn | 79.41 Bn | 455.60 Mn | 150.97 Mn |
| 10 | UiPath | 5.67 Bn | 4.19 Bn | 407.17 Mn | 95.16 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | 95.16 Mn |
| Oct 31, 2025 | 96.87 Mn |
| Jul 31, 2025 | 98.34 Mn |
| Apr 30, 2025 | 94.84 Mn |
| Jan 31, 2025 | 99.67 Mn |
| Oct 31, 2024 | 96.98 Mn |
| Jul 31, 2024 | 98.43 Mn |
| Apr 30, 2024 | 85.60 Mn |
| Jan 31, 2024 | 85.64 Mn |
| Oct 31, 2023 | 84.51 Mn |
| Jul 31, 2023 | 86.61 Mn |
| Apr 30, 2023 | 75.34 Mn |
| Jan 31, 2023 | 81.87 Mn |
| Oct 31, 2022 | 67.34 Mn |
| Jul 31, 2022 | 67.85 Mn |
| Apr 30, 2022 | 68.69 Mn |
| Jan 31, 2022 | 64.41 Mn |
| Oct 31, 2021 | 61.56 Mn |
| Jul 31, 2021 | 57.65 Mn |
| Apr 30, 2021 | 93.04 Mn |