UiPath (PATH) Research & Development (2020 - 2026)
UiPath's Research & Development came in at $83.39 million for fiscal Q2 2027 (quarter ended Jul 31, 2026), down 15.2% from $98.34 million a year earlier and down 10.2% from the prior quarter.
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Analysis
UiPath (PATH) Research & Development (2020 - 2026) Analysis & Trends
Over the trailing twelve months to Jul 31, 2026, UiPath reported Research & Development of $368.32 million, down 5.5% year-over-year; for FY2026 (ended Jan 31, 2026), it came in at $385.21 million, up 1.2% from FY2025.
- Research & Development has increased in each of the last five fiscal years, with a five-year compound annual growth rate of 28.5% (FY2021 to FY2026).
- Going back by fiscal year, Research & Development was $380.68 million in FY2025 (+14.6%), $332.1 million in FY2024 (+16.2%), $285.75 million in FY2023 (+3.3%) and $276.66 million in FY2022 (+151.7%).
- The fiscal Q2 2027 figure represents the lowest quarterly Research & Development since fiscal Q1 2024.
- Year-over-year, Research & Development has declined for five consecutive quarters, with growth averaging 2.5% over the last eight quarters.
- The fastest year-over-year change in Research & Development over five years came in fiscal Q3 2022 (growth of 124.2%), and the weakest in fiscal Q1 2023 (a decline of 26.2%).
- Business Quant data shows PATH's Research & Development at $92.9 million (Q1 2027), $95.16 million (Q4 2026) and $96.87 million (Q3 2026) in the three fiscal quarters before Q2 2027.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Palantir Technologies | 450.50 Bn | 419.56 Bn | 1.64 Bn | 192.51 Mn |
| 2 | Oracle | 401.01 Bn | 273.57 Bn | - | 2.40 Bn |
| 3 | Sap Se | 257.03 Bn | 178.11 Bn | 8.40 Bn | -2.14 Bn |
| 4 | Salesforce | 187.04 Bn | 142.92 Bn | 8.70 Bn | 1.69 Bn |
| 5 | ServiceNow | 135.91 Bn | 114.37 Bn | 2.82 Bn | 915.00 Mn |
| 6 | Automatic Data Processing | 104.14 Bn | 86.27 Bn | 2.51 Bn | 265.90 Mn |
| 7 | Intuit | 72.30 Bn | 51.65 Bn | 3.44 Bn | 857.00 Mn |
| 8 | Relx | 60.17 Bn | 57.14 Bn | - | - |
| 9 | Strategy | 55.31 Bn | 48.30 Bn | 81.55 Mn | 23.10 Mn |
| 10 | UiPath | 5.58 Bn | 114.07 Mn | 329.67 Mn | 83.39 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 83.39 Mn |
| Apr 30, 2026 | 92.90 Mn |
| 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 |
API Access
UiPath Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=PATH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "PATH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=PATH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();