UiPath (PATH) Research & Development (2020 - 2026)
UiPath's (PATH) quarterly Research & Development came in at -$119.9 million in Q1 2026, down 126.22% YoY from $457.5 million in Q1 2025, and down 166.94% on a QoQ basis from $179.2 million in Q4 2025.
UiPath (PATH) Research & Development (2020 - 2026) Analysis & Trends
UiPath (PATH) has 7 years of Research & Development data on file, last reported at -$119.9 million in 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 slipped to -$119.9 million in Q1 2026, from $179.2 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $466.7 million in Q1 2024 to a low of -$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 slumped 126.22%.
- Tracing PATH's Research & Development over 5 years: 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 surged by 84.77% to $179.2 million in 2025, then plunged by 166.94% to -$119.9 million in 2026.
- The last three Research & Development figures came in at -$119.9 million (Q1 2026), $179.2 million (Q4 2025), and $98.3 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 10.00 Bn |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 339.50 Mn |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | 4.01 Bn |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | 1.16 Bn |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 669.10 Mn |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | 276.12 Mn |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 396.38 Mn |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | 60.00 Mn |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 664.96 Mn |
| 10 | UiPath | 8.19 Bn | 6.88 Bn | 341.45 Mn | 167.86 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 167.86 Mn |
| 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 |