Financials UiPath, Inc.

Equities

PATH

US90364P1057

Software

Market Closed - Nyse Other stock markets 16:00:02 2026-02-13 EST			5-day change	1st Jan Change
11.32 ^USD	+1.25%		-12.18%	-30.93%

02-11	RBC Cuts Price Target on UiPath to $14 From $17, Keeps Sector Perform Rating	MT
02-06	UiPath, Inc. acquired WorkFusion, Inc. from Georgian Partners Growth L.P., Greycroft LP, Inovia Capital, Inc., Mohr Davidow Ventures, NGP Management Oy, Hawk Equity LLC and others.	CI

Projected Income Statement: UiPath, Inc.

Fiscal Period: January	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	607.6	892.3	1,059	1,308	1,430	1,594	1,742	1,885
Change	-	46.84%	18.64%	23.57%	9.3%	11.52%	9.25%	8.19%
EBITDA ¹	-	83.43	83.88	255.2	257.8	374.3	429.7	462.6
Change	-	-	0.55%	204.19%	1.04%	45.16%	14.8%	7.67%
EBIT ¹	-	73.84	65.16	232.6	240.6	359.5	406.9	448.3
Change	-	-	-11.76%	256.91%	3.45%	49.45%	13.18%	10.16%
Interest Paid	-	-9.937	30.72	-	-	-	-	-
Earnings before Tax (EBT) ¹	-	-510.9	-317.6	-75.82	-78.1	85.54	172.5	319.6
Change	-	-	37.84%	76.13%	-3.01%	209.53%	101.7%	85.24%
Net income ¹	-	-525.6	-328.4	-89.88	-73.69	235	110.5	101.6
Change	-	-	37.53%	72.63%	18.01%	418.85%	-52.97%	-8.04%
Announcement Date	3/26/21	3/30/22	3/15/23	3/13/24	3/12/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: January	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3	2027 Q4	2028 Q1	2028 Q2	2028 Q3
Net sales ¹	186.2	195.5	220.8	289.7	245.1	242.2	262.7	308.5	289.6	287.3	325.9	405.3	335.1	316.3	354.7	423.6	356.6	361.7	411.1	464.8	393.4	395.1	448.5	504.9	422.6	429.3	481.8
Change	-	5%	12.94%	31.19%	-15.41%	-1.16%	8.47%	17.43%	-6.15%	-0.79%	13.44%	24.34%	-17.31%	-5.63%	12.14%	19.45%	-15.82%	1.43%	13.65%	13.06%	-15.37%	0.43%	13.54%	12.56%	-16.29%	1.58%	12.22%
EBITDA ¹	18.32	9.13	11.42	44.55	-6.825	-7.199	22.94	74.97	53.85	35.67	49.07	116.6	55.27	11.04	54.26	137.3	72.87	66.52	92.29	143.2	80.08	75.05	103.5	162.7	89	85.25	121.2
Change	-	-50.17%	25.09%	290.09%	-115.32%	-5.48%	418.63%	226.83%	-28.17%	-33.77%	37.58%	137.53%	-52.59%	-80.03%	391.66%	152.98%	-46.91%	-8.71%	38.74%	55.17%	-44.08%	-6.29%	37.9%	57.22%	-45.3%	-4.21%	42.17%
EBIT ¹	16.07	6.729	9.097	41.95	-10.86	-11.22	18.01	69.24	48.24	30.12	43.68	110.5	50.36	6.454	49.72	134	69.62	62.29	87.78	139.8	80.45	73.18	99.22	155.6	86.35	82	113.6
Change	-	-58.12%	35.19%	361.1%	-125.9%	-3.32%	260.45%	284.45%	-30.33%	-37.55%	44.99%	153.03%	-54.43%	-87.19%	670.39%	169.59%	-48.06%	-10.52%	40.91%	59.27%	-42.45%	-9.04%	35.59%	56.85%	-44.52%	-5.04%	38.48%
Charge d'intérêts	-	-	-3.401	-3.8	-1.82	3.905	10.45	18.19	-	13.58	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	-238.3	-98.28	-119.6	-54.68	-117.8	-116.3	-56.54	-26.96	-28.27	-56.53	-27.61	36.6	-24.96	-82.27	-25.5	54.62	-19.73	3.327	24.59	78.09	28.54	-1.191	26.03	89.81	-	-	-
Change	-	58.75%	-21.74%	54.3%	-115.39%	1.26%	51.38%	52.32%	-4.86%	-99.98%	51.16%	232.54%	-168.19%	-229.66%	69.01%	314.22%	-136.12%	116.86%	639.16%	217.55%	-63.46%	-104.17%	2,285.81%	244.97%	-	-	-
Net income ¹	-239.7	-100	-122.8	-63.11	-122.6	-120.4	-57.72	-27.69	-31.9	-60.36	-31.54	33.92	-28.74	-86.1	-10.66	51.79	-22.56	1.584	198.8	61.47	9.995	2.047	21.71	71.95	6.521	1.718	28.07
Change	-	58.26%	-22.76%	48.6%	-94.2%	1.78%	52.05%	52.03%	-15.21%	-89.21%	47.75%	207.54%	-184.73%	-199.61%	87.62%	586.1%	-143.55%	107.02%	12,452.97%	-69.08%	-83.74%	-79.52%	960.62%	231.37%	-90.94%	-73.65%	1,533.74%
Announcement Date	6/8/21	9/7/21	12/8/21	3/30/22	6/1/22	9/6/22	12/1/22	3/15/23	5/24/23	9/6/23	11/30/23	3/13/24	5/29/24	9/5/24	12/5/24	3/12/25	5/29/25	9/4/25	12/3/25	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: UiPath, Inc.

Fiscal Period: January	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	-	-1,865	-1,757	-1,880	-1,630	-1,424	-1,829	-2,210
Change	-	-	5.79%	-7%	13.3%	12.64%	-28.44%	-20.83%
Announcement Date	3/26/21	3/30/22	3/15/23	3/13/24	3/12/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: UiPath, Inc.

Fiscal Period: January	2022	2023	2024	2025	2026	2027	2028
CAPEX ¹	8.879	23.82	7.342	14.92	19.02	14.45	13.39
Change	-	168.22%	-69.17%	103.26%	27.43%	-24%	-7.39%
Free Cash Flow (FCF) ¹	-66.79	-33.8	291.7	305.6	368.7	420	471.2
Change	-	49.4%	963.24%	4.77%	20.63%	13.91%	12.19%
Announcement Date	3/30/22	3/15/23	3/13/24	3/12/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: UiPath, Inc.

Fiscal Period: January	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	-	9.35%	7.92%	19.51%	18.03%	23.47%	24.67%	24.55%
EBIT Margin (%)	-	8.28%	6.16%	17.78%	16.83%	22.55%	23.36%	23.79%
EBT Margin (%)	-	-57.26%	-30%	-5.8%	-5.46%	5.37%	9.91%	16.96%
Net margin (%)	-	-58.91%	-31.02%	-6.87%	-5.15%	14.74%	6.34%	5.39%
FCF margin (%)	-	-7.49%	-3.19%	22.3%	21.38%	23.12%	24.11%	25%
FCF / Net Income (%)	-	12.71%	10.29%	-324.58%	-414.74%	156.91%	380.02%	463.64%
Profitability
ROA	-	2.62%	3.03%	10.91%	10.36%	-	-	-
ROE	-	3.86%	4.19%	15.77%	15.61%	18.42%	17.61%	16.73%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	-	1%	2.25%	0.56%	1.04%	1.19%	0.83%	0.71%
CAPEX / EBITDA (%)	-	10.64%	28.39%	2.88%	5.79%	5.08%	3.36%	2.89%
CAPEX / FCF (%)	-	-13.29%	-70.47%	2.52%	4.88%	5.16%	3.44%	2.84%
Items per share
Cash flow per share ¹	-	-0.1209	-0.0182	0.5304	0.5725	0.6949	0.7765	0.91
Change	-	-	84.95%	3,014.29%	7.94%	21.37%	11.75%	17.19%
Dividend per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Book Value Per Share ¹	-	3.551	3.504	3.58	3.335	3.837	4.38	4.944
Change	-	-	-1.33%	2.17%	-6.84%	15.04%	14.16%	12.89%
EPS ¹	-0.55	-1.16	-0.6	-0.16	-0.13	0.4221	0.1992	0.2065
Change	-	-110.91%	48.28%	73.33%	18.75%	424.68%	-52.82%	3.71%
Nbr of stocks (in thousands)	-	525,228	552,835	566,078	549,599	534,750	534,750	534,750
Announcement Date	3/26/21	3/30/22	3/15/23	3/13/24	3/12/25	-	-	-