UiPath PATH
NYSE PATH
$14.19 -1.00 (-6.58%)
As of: Sep 8, 2026 · 11:43 AM EDT

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

Historic Data

Download Data
DateValue
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