PATH 8-K

UiPath, Inc. (PATH)

8-K 2026-09-03 For: 2026-09-01

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Added on September 03, 2026


99.1			Press Release, dated September 3 , 2026
99.2			Press Release, dated September 3, 2026, announcing Executive and Board Appointments
104			Cover Page Interactive Data File (embedded within the Inline XBRL document)


UiPath, Inc.

By:						/s/ Brad Brubaker
						Chief Legal & Administrative Officer and Secretary

Date:						September 3, 2026


UiPath, Inc.
Condensed Consolidated Statements of Operations
in thousands, except per share data
(unaudited)

	Three Months Ended July 31,				Six Months Ended July 31,
	2026		2025		2026		2025
Revenue:
Licenses	$	123,843	$	112,161	$	273,152	$	240,447
Subscription services	266,067		238,363		518,970		455,666
Professional services and other	20,346		11,204		36,516		22,239
Total revenue	410,256		361,728		828,638		718,352
Cost of revenue:
Licenses	1,462		1,200		3,126		2,468
Subscription services	39,679		38,229		83,667		76,697
Professional services and other	39,446		24,951		70,722		49,072
Total cost of revenue	80,587		64,380		157,515		128,237
Gross profit	329,669		297,348		671,123		590,115
Operating expenses:
Sales and marketing	164,606		166,303		332,465		325,964
Research and development	83,393		98,341		176,295		193,180
General and administrative	50,066		52,889		102,772		107,568
Total operating expenses	298,065		317,533		611,532		626,712
Operating income (loss)	31,604		(20,185)		59,591		(36,597)
Interest income	10,769		12,004		21,170		24,652
Other income (expense), net	10,482		11,508		13,062		(4,456)
Income (loss) before income taxes	52,855		3,327		93,823		(16,401)
Provision for income taxes	16,766		1,743		35,209		4,570
Net income (loss)	$	36,089	$	1,584	$	58,614	$	(20,971)
Net income (loss) per share, basic	$	0.07	$	0.00	$	0.11	$	(0.04)
Net income (loss) per share, diluted	$	0.07	$	0.00	$	0.11	$	(0.04)
Weighted-average shares used in computing net income (loss) per share, basic	519,654		536,169		521,586		542,208
Weighted-average shares used in computing net income (loss) per share, diluted	523,013		542,865		525,375		542,208


UiPath, Inc.
Condensed Consolidated Balance Sheets
in thousands
(unaudited)
	As of
	July 31,		January 31,
	2026		2026
Assets
Current assets
Cash and cash equivalents	$	607,414	$	871,157
Restricted cash	1,475		438
Marketable securities	676,576		601,329
Accounts receivable, net of allowance for credit losses of $6,400 and $5,222, respectively	307,112		488,265
Contract assets	135,222		92,440
Deferred contract acquisition costs	86,526		84,739
Prepaid expenses and other current assets	112,305		105,577
Total current assets	1,926,630		2,243,945
Marketable securities, non-current	121,035		216,990
Contract assets, non-current	4,832		1,946
Deferred contract acquisition costs, non-current	165,022		153,708
Property and equipment, net	46,436		46,014
Operating lease right-of-use assets	63,470		64,472
Intangible assets, net	101,479		19,989
Goodwill	179,481		125,310
Deferred tax assets	230,087		233,401
Other assets, non-current	68,895		73,425
Total assets	$	2,907,367	$	3,179,200

Liabilities and stockholders' equity
Current liabilities
Accounts payable	$	16,848	$	10,161
Accrued expenses and other current liabilities	156,930		170,496
Accrued compensation and employee benefits	89,853		121,029
Deferred revenue	543,627		603,737
Total current liabilities	807,258		905,423
Deferred revenue, non-current	71,722		103,568
Operating lease liabilities, non-current	69,438		70,940
Other liabilities, non-current	10,398		16,682
Total liabilities	958,816		1,096,613
Commitments and contingencies
Stockholders' equity
Class A common stock	5		5
Class B common stock	1		1
Treasury stock	(1,092,834)		(833,905)
Additional paid-in capital	4,673,653		4,585,430
Accumulated other comprehensive income	14,657		36,601
Accumulated deficit	(1,646,931)		(1,705,545)
Total stockholders’ equity	1,948,551		2,082,587
Total liabilities and stockholders’ equity	$	2,907,367	$	3,179,200


UiPath, Inc.
Condensed Consolidated Statements of Cash Flows
in thousands
(unaudited)
	Six Months Ended July 31,
	2026		2025
Cash flows from operating activities
Net income (loss)	$	58,614	$	(20,971)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	16,514		7,483
Amortization of deferred contract acquisition costs	52,193		44,165
Net accretion on marketable securities	(933)		(6,962)
Stock-based compensation expense	98,272		154,367
Charitable donation of Class A common stock	3,015		4,187
Non-cash operating lease expense	8,661		8,691

Provision for (benefit from) deferred income taxes	27,929		(360)

Change in fair value of contingent consideration	3,271		—
Other non-cash (credits) charges, net	(6,379)		3,940
Changes in operating assets and liabilities:
Accounts receivable	181,209		192,404
Contract assets	(40,280)		(23,514)
Deferred contract acquisition costs	(67,984)		(36,302)
Prepaid expenses and other assets	(12,165)		(21,151)
Accounts payable	6,857		(11,706)
Accrued expenses and other liabilities	(34,917)		37,841
Accrued compensation and employee benefits	(31,989)		(51,354)
Operating lease liabilities, net	(9,100)		(6,412)
Deferred revenue	(90,161)		(113,757)
Net cash provided by operating activities	162,627		160,589
Cash flows from investing activities
Purchases of marketable securities	(309,441)		(300,059)

Maturities of marketable securities	329,233		257,134
Purchases of property and equipment	(4,073)		(12,832)
Payments related to business acquisitions, net of cash acquired	(149,403)		(24,821)
Other investing, net	5,119		—
Net cash used in investing activities	(128,565)		(80,578)
Cash flows from financing activities
Repurchases of Class A common stock	(268,548)		(329,101)
Proceeds from exercise of stock options	691		523
Payments of tax withholdings on settlement of equity awards	(23,153)		(26,297)
Proceeds from employee stock purchase plan contributions	7,359		8,069
Payments of deferred or contingent consideration related to business acquisitions	(3,473)		—

Net cash used in financing activities	(287,124)		(346,806)
Effect of exchange rate changes	(9,644)		16,216
Net decrease in cash, cash equivalents, and restricted cash	(262,706)		(250,579)
Cash, cash equivalents, and restricted cash - beginning of period	871,595		879,634
Cash, cash equivalents, and restricted cash - end of period	$	608,889	$	629,055


UiPath, Inc.
Reconciliation of GAAP Cost of Revenue, Gross Profit and Margin to Non-GAAP Cost of Revenue, Gross Profit and Margin
in thousands, except percentages
(unaudited)

	Three Months Ended July 31,						Six Months Ended July 31,
	2026			2025			2026			2025
GAAP cost of licenses	$	1,462		$	1,200		$	3,126		$	2,468
Less: Amortization of acquired intangible assets	250			251			501			491
Non-GAAP cost of licenses	$	1,212		$	949		$	2,625		$	1,977

GAAP cost of subscription services	$	39,679		$	38,229		$	83,667		$	76,697
Less: Stock-based compensation expense	1,663			3,682			3,931			7,556
Less: Amortization of acquired intangible assets	2,716			925			5,030			1,606
Less: Employer payroll tax expense related to employee equity transactions	37			71			89			141
Less: Restructuring costs	73			127			73			585
Non-GAAP cost of subscription services	$	35,190		$	33,424		$	74,544		$	66,809

GAAP cost of professional services and other	$	39,446		$	24,951		$	70,722		$	49,072
Less: Stock-based compensation expense	1,498			2,358			3,281			5,086
Less: Employer payroll tax expense related to employee equity transactions	18			34			37			61
Less: Restructuring costs	69			18			69			18
Non-GAAP cost of professional services and other	$	37,861		$	22,541		$	67,335		$	43,907

GAAP gross profit	$	329,669		$	297,348		$	671,123		$	590,115
GAAP gross margin	80		%	82		%	81		%	82		%
Plus: Stock-based compensation expense	3,161			6,040			7,212			12,642
Plus: Amortization of acquired intangible assets	2,966			1,176			5,531			2,097
Plus: Employer payroll tax expense related to employee equity transactions	55			105			126			202
Plus: Restructuring costs	142			145			142			603
Non-GAAP gross profit	$	335,993		$	304,814		$	684,134		$	605,659
Non-GAAP gross margin	82		%	84		%	83		%	84		%


UiPath, Inc.
Reconciliation of GAAP Operating Expenses, Income (Loss) and Margin to Non-GAAP Operating Expenses, Income and Margin
in thousands, except percentages
(unaudited)

	Three Months Ended July 31,						Six Months Ended July 31,
	2026			2025			2026			2025
GAAP sales and marketing	$	164,606		$	166,303		$	332,465		$	325,964
Less: Stock-based compensation expense	13,895			23,402			30,677			46,988
Less: Amortization of acquired intangible assets	3,013			1,047			5,024			1,503
Less: Employer payroll tax expense related to employee equity transactions	329			404			797			851
Less: Restructuring costs	3,347			543			3,347			2,524
Non-GAAP sales and marketing	$	144,022		$	140,907		$	292,620		$	274,098

GAAP research and development	$	83,393		$	98,341		$	176,295		$	193,180
Less: Stock-based compensation expense	21,027			36,087			45,768			70,682
Less: Employer payroll tax expense related to employee equity transactions	186			450			632			840
Less: Restructuring costs	95			279			95			(52)
Non-GAAP research and development	$	62,085		$	61,525		$	129,800		$	121,710

GAAP general and administrative	$	50,066		$	52,889		$	102,772		$	107,568
Less: Stock-based compensation expense	6,879			12,477			14,615			24,055
Less: Amortization of acquired intangible assets	29			31			59			62
Less: Employer payroll tax expense related to employee equity transactions	66			140			208			267
Less: Restructuring costs	1,414			429			1,414			1,332
Less: Charitable donation of Class A common stock	—			—			3,015			4,187
Less: Change in fair value of contingent consideration	825			(277)			3,271			(277)
Non-GAAP general and administrative	$	40,853		$	40,089		$	80,190		$	77,942

GAAP operating income (loss)	$	31,604		$	(20,185)		$	59,591		$	(36,597)
GAAP operating margin	8		%	(6)		%	7		%	(5)		%
Plus: Stock-based compensation expense	44,962			78,006			98,272			154,367
Plus: Amortization of acquired intangible assets	6,008			2,254			10,614			3,662
Plus: Employer payroll tax expense related to employee equity transactions	636			1,099			1,763			2,160
Plus: Restructuring costs	4,998			1,396			4,998			4,407
Plus: Charitable donation of Class A common stock	—			—			3,015			4,187
Plus: Change in fair value of contingent consideration	825			(277)			3,271			(277)
Non-GAAP operating income	$	89,033		$	62,293		$	181,524		$	131,909
Non-GAAP operating margin	22		%	17		%	22		%	18		%


UiPath, Inc.
Reconciliation of GAAP Net Income (Loss) and GAAP Net Income (Loss) Per Share to Non-GAAP Net Income and Non-GAAP Net Income Per Share
in thousands, except per share data
(unaudited)

	Three Months Ended July 31,				Six Months Ended July 31,
	2026		2025		2026		2025
GAAP net income (loss)	$	36,089	$	1,584	$	58,614	$	(20,971)
Plus: Stock-based compensation expense	44,962		78,006		98,272		154,367
Plus: Amortization of acquired intangible assets	6,008		2,254		10,614		3,662
Plus: Employer payroll tax expense related to employee equity transactions	636		1,099		1,763		2,160
Plus: Restructuring costs	4,998		1,396		4,998		4,407
Plus: Charitable donation of Class A common stock	—		—		3,015		4,187
Plus: Change in fair value of contingent consideration	825		(277)		3,271		(277)

Tax adjustments to add-backs	(12,652)		(3,731)		(22,912)		(7,030)
Non-GAAP net income	$	80,866	$	80,331	$	157,635	$	140,505

GAAP net income (loss) per share, basic	$	0.07	$	0.00	$	0.11	$	(0.04)
GAAP net income (loss) per share, diluted	$	0.07	$	0.00	$	0.11	$	(0.04)
GAAP weighted average common shares outstanding, basic	519,654		536,169		521,586		542,208
Plus: Dilutive potential common shares from outstanding equity awards	3,359		6,696		3,789		—
GAAP weighted average common shares outstanding, diluted	523,013		542,865		525,375		542,208

Non-GAAP weighted average common shares outstanding, basic	519,654		536,169		521,586		542,208
Plus: Dilutive potential common shares from outstanding equity awards	3,359		6,696		3,789		5,407
Non-GAAP weighted average common shares outstanding, diluted	523,013		542,865		525,375		547,615
Non-GAAP net income per share, basic	$	0.16	$	0.15	$	0.30	$	0.26
Non-GAAP net income per share, diluted	$	0.15	$	0.15	$	0.30	$	0.26


UiPath, Inc.
Reconciliation of GAAP Operating Cash Flow to Non-GAAP Adjusted Free Cash Flow
in thousands
(unaudited)

	Six Months Ended July 31,
	2026		2025
GAAP net cash provided by operating activities	$	162,627	$	160,589
Purchases of property and equipment	(4,073)		(12,832)
Cash paid for employer payroll taxes related to employee equity transactions	1,902		2,270
Net (receipts) payments of employee tax withholdings on stock option exercises	(149)		11
Cash paid for restructuring costs	526		11,532
Non-GAAP adjusted free cash flow	$	160,833	$	161,570