UiPath (PATH) Research & Development (2020 - 2026)
UiPath's (PATH) quarterly Research & Development came in at $167.9 million in Q2 2026, up 5.13% on a YoY basis from $159.7 million in Q2 2025, and down 5.79% quarter-over-quarter from $178.2 million in Q1 2026.
Analysis
UiPath (PATH) Research & Development (2020 - 2026) Analysis & Trends
UiPath (PATH) has reported Research & Development for 7 consecutive years, with $167.9 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Research & Development rose 5.13% year-over-year to $167.9 million; the trailing twelve-month figure through Apr 2026 stood at $691.5 million (down 3.69% YoY), and the FY2026 full-year result was $683.3 million, down 7.47% from the prior year.
- Research & Development fell to $167.9 million in Q2 2026 per PATH's latest filing, from $178.2 million in the prior quarter.
- Across five years, Research & Development topped out at $194.3 million in Q3 2024 and bottomed at $156.5 million in Q4 2022.
- Historically, Research & Development has averaged $176.6 million across 5 years, with a median of $177.5 million in 2025.
- The sharpest annual moves came in 2022 and 2023: Research & Development soared 75.85% in 2022, then decreased 15.48% in 2023.
- Over 5 years, Research & Development stood at $156.5 million in 2022, then grew by 22.25% to $191.3 million in 2023, then slipped by 2.14% to $187.2 million in 2024, then decreased by 4.27% to $179.2 million in 2025, then declined by 6.32% to $167.9 million in 2026.
- According to Business Quant data, Research & Development over the past three periods registered $167.9 million, $178.2 million, and $179.2 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | ServiceNow | 139.08 Bn | 134.41 Bn | 2.82 Bn | 1.37 Bn |
| 2 | Broadridge Financial Solutions | 19.52 Bn | 19.11 Bn | 853.00 Mn | - |
| 3 | SS&C Technologies Holdings | 19.23 Bn | 18.79 Bn | 818.30 Mn | 160.50 Mn |
| 4 | UiPath | 7.43 Bn | 6.12 Bn | 341.45 Mn | 167.86 Mn |
| 5 | Pegasystems | 5.85 Bn | 5.85 Bn | 312.69 Mn | 165.41 Mn |
| 6 | Appian | 2.58 Bn | 2.41 Bn | 144.74 Mn | 70.11 Mn |
| 7 | Materialise | 447.14 Mn | 447.14 Mn | 46.23 Mn | -14.31 Mn |
| 8 | Jingbo Technology | 366.51 Mn | 366.12 Mn | 89,520.00 | 65,656.00 |
| 9 | Gloo Holdings | 257.70 Mn | 224.45 Mn | 13.43 Mn | 9.63 Mn |
| 10 | Egain | 145.47 Mn | 62.41 Mn | 16.81 Mn | 7.28 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Apr 30, 2026 | 167.86 Mn |
| Jan 31, 2026 | 178.18 Mn |
| Oct 31, 2025 | 179.19 Mn |
| Jul 31, 2025 | 166.30 Mn |
| Apr 30, 2025 | 159.66 Mn |
| Jan 31, 2025 | 176.84 Mn |
| Oct 31, 2024 | 187.19 Mn |
| Jul 31, 2024 | 194.33 Mn |
| Apr 30, 2024 | 180.14 Mn |
| Jan 31, 2024 | 191.72 Mn |
| Oct 31, 2023 | 191.28 Mn |
| Jul 31, 2023 | 169.73 Mn |
| Apr 30, 2023 | 160.41 Mn |
| Jan 31, 2023 | 173.76 Mn |
| Oct 31, 2022 | 156.47 Mn |
| Jul 31, 2022 | 181.55 Mn |
| Apr 30, 2022 | 189.78 Mn |
| Jan 31, 2022 | 174.76 Mn |
| Oct 31, 2021 | 172.91 Mn |
| Jul 31, 2021 | 144.27 Mn |