UiPath (PATH) Research & Development (2020 - 2026)
UiPath (PATH) posted Research & Development of $95.2 million for Q1 2026, down 1.77% quarter-over-quarter from $96.9 million in Q4 2025, and down 4.53% year-on-year from $99.7 million in Q1 2025.
UiPath (PATH) Research & Development (2020 - 2026) Analysis & Trends
UiPath (PATH) has reported Research & Development for 7 consecutive years, with $95.2 million the latest figure, recorded in Q1 2026.
- Research & Development for Q1 2026 came in at $95.2 million, down 4.53% year-over-year; the trailing twelve-month figure through Jan 2026 was $385.2 million (up 1.19% YoY), and the FY2026 annual result was $385.2 million, up 1.19% from the prior year.
- Research & Development was $95.2 million for Q1 2026 at UiPath, down from $96.9 million in the prior quarter.
- Over five years, Research & Development peaked at $99.7 million in Q1 2025 and troughed at $64.4 million in Q1 2022.
- Average Research & Development over 5 years is $85.2 million, with a median of $85.6 million recorded in 2024.
- The widest YoY moves for Research & Development: up 120.63% in 2022, down 26.17% in 2022.
- Over 5 years, Research & Development stood at $67.3 million in 2022, then rose by 25.5% to $84.5 million in 2023, then climbed by 14.75% to $97.0 million in 2024, then slipped by 0.11% to $96.9 million in 2025, then slipped by 1.77% to $95.2 million in 2026.
- Per Business Quant data, the three most recent Research & Development figures were $95.2 million in Q1 2026, $96.9 million in Q4 2025, and $98.3 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,853.66 Bn | 2,775.39 Bn | 56.06 Bn | 8.92 Bn |
| 2 | Oracle | 408.21 Bn | 376.86 Bn | 17.12 Bn | 2.61 Bn |
| 3 | Palantir Technologies | 300.98 Bn | 293.06 Bn | 1.42 Bn | 160.98 Mn |
| 4 | Palo Alto Networks | 247.84 Bn | 243.30 Bn | 1.91 Bn | 511.00 Mn |
| 5 | CrowdStrike Holdings | 193.63 Bn | 190.57 Bn | 993.68 Mn | 356.41 Mn |
| 6 | Fortinet | 117.45 Bn | 114.16 Bn | 1.49 Bn | 214.00 Mn |
| 7 | Cloudflare | 86.88 Bn | 85.93 Bn | 455.60 Mn | 150.97 Mn |
| 8 | Synopsys | 86.18 Bn | 86.06 Bn | 1.77 Bn | 714.99 Mn |
| 9 | Block | 46.10 Bn | 39.21 Bn | 2.91 Bn | 1.04 Bn |
| 10 | UiPath | 6.20 Bn | 4.73 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 |