UiPath, Inc.

What does UiPath do?

UiPath sells an automation platform that combines robotic process automation, AI agents, document understanding, and process orchestration. Enterprises use it to automate repetitive digital work across legacy and modern applications. The company reported $1.611 billion in fiscal 2026 revenue.

Is UiPath publicly traded?

Yes. UiPath trades on the New York Stock Exchange under the ticker PATH. It went public in April 2021 in one of the largest US software IPOs, though the stock has traded well below its debut price for most of its public history.

Who founded UiPath?

Daniel Dines and Marius Tirca founded the company in Bucharest, Romania in 2005. Dines remains chairman, CEO, and the largest individual shareholder. The company was originally called DeskOver before adopting the UiPath name.

Where is UiPath headquartered?

UiPath is headquartered in New York City at One Vanderbilt Avenue. Its largest engineering operations are in Bucharest, Romania, where the company was founded, with additional development centers in India.

Is UiPath profitable?

Yes. In fiscal 2026, ended January 31, 2026, UiPath reported its first full year of GAAP operating profit at $57 million, GAAP net income of $282 million, and $372 million in non-GAAP adjusted free cash flow.

Who owns UiPath?

UiPath is owned by its public shareholders, with institutions holding most of the float. Founder Daniel Dines retains a large stake and effective strategic control as chairman and CEO. There is no parent company.

Daniel Dines and Marius Tirca founded DeskOver in a Bucharest apartment in 2005. The early business mixed outsourcing work with developer toolkits for screen scraping and UI automation, the unglamorous plumbing that later became the company's core product.

Around 2012 the team began packaging the automation engine for business users. The timing matched a real enterprise need: banks, insurers, and shared-service centers were full of repetitive processes running on legacy software that APIs could not reach. The company renamed itself UiPath and focused on robotic process automation.

Venture capital arrived fast after 2015. Accel led early rounds, and by 2018 UiPath was a unicorn with headquarters moved to New York. Sequoia, Coatue, and others pushed the private valuation past $35 billion by early 2021, making Dines Romania's first technology billionaire.

The April 2021 IPO priced at $56 per share and opened strongly, but growth cooled as RPA budgets normalized. The stock spent the following years well below the debut price. Leadership churned: Dines stepped back, returned, ran the company briefly as co-CEO with former SAP and Google executive Rob Enslin, then resumed sole CEO control in June 2024.

Cost discipline followed. UiPath restructured through 2023 and 2024, cut headcount, and pushed toward efficiency. The payoff arrived in fiscal 2026: revenue of $1.611 billion, up 13%, non-GAAP operating income of $370 million at a 23% margin, and the first full-year GAAP operating profit, $57 million, in company history. Cloud ARR passed $1.2 billion and AI products approached $200 million of ARR.

UiPath is a perennial Leader in the Gartner Magic Quadrant for Robotic Process Automation and holds leader positions in Forrester Wave and Everest Group PEAK Matrix evaluations for intelligent automation. In 2025 and 2026 analyst coverage increasingly scored its agentic orchestration stack, where it ranked among the top BOAT vendors.

UiPath's post-IPO years included scrutiny over executive turnover and repeated restructurings, including workforce reductions in 2022, 2024, and later cycles as the company repositioned. Co-founder Marius Tirca departed active roles, and the co-CEO arrangement with Rob Enslin ended in 2024. The company also faced a Romanian tax audit (ANAF) disclosed in SEC filings, which it has contested. None of these matters has produced material regulatory findings against the company.