| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 41 | 20.0x | 17.6x | Around median | |
Growth | 86 | 15.0% | 7.1% | Top tier | |
Quality | 90 | 16.1% | 4.5% | Top tier | |
Safety | 87 | — | 2.6x | Top tier | |
Capital Return | 69 | — | 2.15% | Top tier | |
Momentum | 58 | 34.7% | 2.3% | Around median | |
Sentiment | 44 | 13 | 3 | Around median |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
UiPath Inc. (PATH) provides a platform for automating and orchestrating enterprise processes across agents, robots, APIs, systems, and employees. Its offering is based on combining probabilistic artificial intelligence with deterministic automation that executes repetitive steps accurately and without consuming tokens, while allowing model choice instead of locking the customer into a single ecosystem. Its usage drivers include Maestro for process orchestration, Autopilot, IXP, document processing, and Test Cloud, alongside solutions focused on testing, financial crime, the revenue cycle, and the office of the chief financial officer.
In the 2nd quarter of fiscal year 2027, revenue reached $410.3 million, up 13% year over year, and gross profit according to EDGAR was approximately $329.7 million, equivalent to a gross margin of about 80.4%, while the company recorded net income of $36.1 million and earnings per share of $0.07. On a non-GAAP basis, gross margin was 82% and software margin was 90%, while operating income reached $89 million at a 22% margin; GAAP operating income was $32 million, marking UiPath's fourth consecutive quarter of GAAP profitability.
ARR reached approximately $1.938 billion in the 2nd quarter of fiscal year 2027, growing 12% year over year with net new ARR of $37 million, while cloud ARR, including hybrid offerings and SaaS, reached approximately $1.3 billion and grew by more than 19%. The customer base included approximately 10,350 customers; the number of customers with ARR above $100 thousand increased 10% to 2,666, while the number of customers above $1 million increased 21% to 387, illustrating a shift in the business mix toward large enterprises and multi-product expansions.
The analyst consensus on PATH is Neutral, with an average price target of $17 and a wide range of $13 to $22; the upper end exceeds the stock's 52-week range of $9.20 to $19.84, while the average is below its peak. No displayed price-to-earnings ratio is available despite reported TTM net income of $361.9 million and TTM earnings per share of approximately $0.69, so the valuation cannot be anchored to a stated multiple based on the available data. The wide range of targets and the negative September 2026 reaction despite the raised outlook reflect a divide between improving profitability and ARR growth on one hand, and concerns about the pricing of artificial intelligence momentum and execution on the other.
Figures in the text are as of 2026-09-09; the live price is shown at the top of the page.
Revenue reached $410.3 million, up 13% year over year, or 16% excluding currency headwinds of approximately $8 million. The company recorded EDGAR gross profit of $329.7 million, net income of $36.1 million, and earnings per share of $0.07. On a non-GAAP basis, operating income was $89 million and operating margin was 22%, an increase of more than 400 basis points year over year. Non-GAAP gross margin was also 82%, and software margin was 90%.
In the 2nd quarter of fiscal year 2027, 18 of the 20 largest deals included artificial intelligence products, and management said that deals involving the platform and artificial intelligence are larger than others. Net new ARR was $37 million compared with $31 million in the comparable quarter, while total ARR reached approximately $1.938 billion, growing 12%. Initial trials involving software agents and field engineers showed an approximately 60% reduction in implementation effort. Products such as Maestro, Autopilot, IXP, and Test Cloud support an offering that combines agents, robots, systems, and humans within a governed process.
Management expects revenue of between $1.789 billion and $1.794 billion and ARR of between $2.065 billion and $2.070 billion in fiscal year 2027. It also expects non-GAAP operating income of approximately $445 million, adjusted free cash flow of approximately $425 million, and non-GAAP gross margin of approximately 84%. The revenue outlook includes annual currency headwinds of $20 million, of which $2 million occurred in the first half and $18 million is expected in the second half. For the 3rd quarter of fiscal year 2027, the company set a revenue range of between $440 million and $445 million.
Automated analysis for informational purposes only — not investment advice.
UiPath says its platform uses artificial intelligence when inference adds value and uses token-free deterministic automation when accuracy, repeatability, and cost matter more. Maestro orchestrates processes across agents, robots, APIs, systems, and employees, with governance and compliance controls. The platform is also model-neutral and supports frameworks and technologies such as LangChain, Claude Agent SDK, and Codex, allowing enterprises to choose their artificial intelligence engine. In the 2nd quarter of fiscal year 2027, a leading financial institution selected UiPath over other orchestration providers because Maestro could operate across its internal applications and meet governance and compliance requirements at scale.
UiPath ended the 2nd quarter of fiscal year 2027 with approximately 10,350 customers, while churn remained concentrated among the smallest customers. The number of customers with ARR above $100 thousand increased 10% to 2,666, while customers above $1 million increased 21% to 387. Dollar-based gross retention was 97%, and dollar-based net retention reached 109%, or 108% excluding currencies. Net retention ended fiscal year 2026 at 106%, indicating a three-point improvement according to management.
UiPath announced a planned financial leadership transition under which Hitesh Ramani will assume the position of chief financial officer, succeeding Ashim Gupta, who will focus exclusively on his role as chief operating officer. Ramani joined UiPath in 2021 as chief accounting officer and served as deputy chief financial officer during the two years preceding the announcement. Daniel Dines continues to serve as founder and chief executive officer, and the available information did not include an announcement of any change to his position. The company also welcomed Yazdi Bagli to the board of directors, drawing on his experience at Kaiser Permanente, Walmart, and Procter & Gamble.
