UiPath (PATH) Research & Development (2020 - 2026)
UiPath (PATH) posted Research & Development of -$119.9 million for Q1 2026, down 166.94% on a QoQ basis from $179.2 million in Q4 2025, and down 126.22% year-over-year from $457.5 million in Q1 2025.
UiPath (PATH) Research & Development (2020 - 2026) Analysis & Trends
UiPath's Research & Development history runs 7 years deep, the most recent figure standing at -$119.9 million for Q1 2026.
- Quarterly Research & Development fell 126.22% year-over-year to -$119.9 million in Q1 2026, while the trailing twelve-month figure through Jan 2026 was $252.4 million (down 69.7% YoY) and the FY2026 annual result came in at $385.2 million, down 47.84% from the prior year.
- Research & Development was -$119.9 million for Q1 2026 at UiPath, down from $179.2 million in the prior quarter.
- Across five years, Research & Development topped out at $466.7 million in Q1 2024 and bottomed at -$119.9 million in Q1 2026.
- A 5-year average of $138.3 million and a median of $97.0 million in 2024 frame the typical range for Research & Development.
- Annual changes were most pronounced in 2024 — Research & Development surged 168.57% — and 2026, when it sank 126.22%.
- UiPath's Research & Development stood at $67.3 million in 2022, then increased by 25.5% to $84.5 million in 2023, then advanced by 14.75% to $97.0 million in 2024, then jumped by 84.77% to $179.2 million in 2025, then slumped by 166.94% to -$119.9 million in 2026.
- Business Quant data shows PATH's Research & Development at -$119.9 million in Q1 2026, $179.2 million in Q4 2025, and $98.3 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,921.46 Bn | 2,797.02 Bn | 56.06 Bn | 6.81 Bn |
| 2 | PagSeguro Digital | 2,686.70 Bn | 2,686.70 Bn | 358.92 Mn | - |
| 3 | Oracle | 344.13 Bn | 312.24 Bn | - | 4.01 Bn |
| 4 | Repay Holdings | 342.29 Bn | 342.15 Bn | - | - |
| 5 | Palantir Technologies | 294.57 Bn | 286.54 Bn | 1.42 Bn | 160.98 Mn |
| 6 | Palo Alto Networks | 224.46 Bn | 219.93 Bn | 1.91 Bn | 823.00 Mn |
| 7 | CrowdStrike Holdings | 182.52 Bn | 179.42 Bn | 993.68 Mn | 802.89 Mn |
| 8 | Fortinet | 111.29 Bn | 107.99 Bn | 1.49 Bn | 636.30 Mn |
| 9 | Cloudflare | 93.63 Bn | 92.68 Bn | 455.60 Mn | 271.60 Mn |
| 10 | UiPath | 6.51 Bn | 5.64 Bn | 407.17 Mn | -119.94 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | -119.94 Mn |
| Oct 31, 2025 | 179.19 Mn |
| Jul 31, 2025 | 98.34 Mn |
| Apr 30, 2025 | 94.84 Mn |
| Jan 31, 2025 | 457.48 Mn |
| Oct 31, 2024 | 96.98 Mn |
| Jul 31, 2024 | 98.43 Mn |
| Apr 30, 2024 | 180.14 Mn |
| Jan 31, 2024 | 466.67 Mn |
| Oct 31, 2023 | 84.51 Mn |
| Jul 31, 2023 | 86.61 Mn |
| Apr 30, 2023 | 75.34 Mn |
| Jan 31, 2023 | 173.76 Mn |
| Oct 31, 2022 | 67.34 Mn |
| Jul 31, 2022 | 67.85 Mn |
| Apr 30, 2022 | 68.69 Mn |
| Jan 31, 2022 | 174.76 Mn |
| Oct 31, 2021 | 172.91 Mn |
| Jul 31, 2021 | 57.65 Mn |
| Apr 30, 2021 | 93.04 Mn |