UiPath Inc (NYSE: PATH) is an enterprise automation software company that provides a platform for robotic process automation, agentic automation, and process orchestration. It makes money through subscription licenses and maintenance and support contracts, with subscription services representing 59% of total revenue and licenses representing 38% in FY2026 (year ended January 31, 2026). Annualized recurring revenue (ARR) reached $1,852.6 million as of January 31, 2026, up 11% year over year, with a dollar-based net retention rate of 107%. The UiPath Platform includes UiPath Maestro for process orchestration, UiPath Agent Builder for enterprise AI agent development, and process intelligence tools combining process mining and task mining. Vertical packaged solutions target financial services, insurance, healthcare, retail, supply chain, and manufacturing. The platform competes against business orchestration and automation technology vendors, enterprise platform vendors building automation capabilities, RPA software providers, and AI startups focused on process orchestration.

Revenue model

Subscription licenses and maintenance and support contracts are the primary revenue streams, with subscription services at 59% of revenue and licenses at 38% in FY2026 (year ended January 31, 2026). Professional services and other revenue account for 3%. ARR of $1,852.6 million as of January 31, 2026 is the key operating metric. 68% of ARR growth in FY2026 came from existing customers and 32% from new customers.

Products and services

UiPath Platform includes: UiPath Maestro (process orchestration and agentic automation management), UiPath Agent Builder (enterprise AI agent development), process mining and task mining tools, RPA workflow builders, API integrations, and vertical prebuilt agentic solutions for financial services, insurance, healthcare, retail, supply chain, and manufacturing. Deployment options include SaaS, self-hosted, and hybrid models.

Customers and end markets

Enterprise customers across financial services, insurance, healthcare, retail, supply chain, and manufacturing. Primary buyers are CIOs focused on business process outcomes. No specific customer concentration figures are disclosed in the filing excerpts.

Value-chain role

UiPath sits at the enterprise software layer between AI models and business processes, providing orchestration, governance, and automation tooling that connects people, software robots, and AI agents across enterprise workflows. Cloud infrastructure is outsourced to third-party hosting providers.

Geographic exposure

Not specified in the filing excerpts provided.

Competitors

Business orchestration and automation technology (BOAT) platform vendors, Enterprise platform vendors building or acquiring automation capabilities, RPA software providers, AI startups focused on process orchestration and industry-specific use cases, Proprietary and open-source AI model providers and coding agents, Test automation providers, AI model research organizations building worker augmentation capabilities

Source: SEC 10-K, filed 2026-03-25

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