NEW YORK, June 25, 2026, 07:10 EDT
- UiPath finished Wednesday at $10.31, gaining 1.48%. The stock was quoted at $10.29 before the bell at about 7:05 a.m. EDT.
- UiPath’s shares are trading roughly 10% under the $11.47 average the company paid for its Q1 buybacks.
- UiPath’s cash and marketable securities account for roughly 27% of its market cap. Stripping out that cash, shares are valued at close to 2.1 times ARR.
- UiPath will hold its virtual annual meeting at 11:00 a.m. ET on Thursday.
UiPath, Inc. NYSE:PATH heads into Thursday’s New York open trading under the level it paid to buy its own shares last quarter. The automation software company posted its first GAAP-profitable fiscal Q1, so investors get a direct look at how the market views its use of cash.
NYSE’s regular session goes from 9:30 a.m. to 4:00 p.m. ET. Its 2026 holiday calendar puts Juneteenth on June 19 and Independence Day observed July 3, so June 25 stays open for trading.
PATH finished up 1.48% at $10.31 on Wednesday. Trading volume reached 78.96 million shares, compared with a 45.56 million average, according to Google Finance. That’s about 1.7 times typical volume.
The Nasdaq Composite slid 0.43% and the S&P 500 dropped 0.10% Wednesday, both weighed down by a pullback in tech names.
UiPath’s 10-Q shows the company bought back 20.4 million Class A shares last quarter, paying an average $11.47 each. The stock finished Wednesday 10.1% under that level.
That point lands because the company isn’t lacking cash. UiPath said it had $1.42 billion in cash, cash equivalents, and marketable securities as of April 30. Google Finance shows a market cap of $5.34 billion, so cash and securities make up around 27% of the equity value. Strip that out, and UiPath’s value ex-cash is about $3.92 billion, or close to 2.1x the $1.901 billion in annual recurring revenue it reported at the end of April.
PATH shares are stagnating near the lower end of the range, despite the numbers looking cheap. The 52-week high is $19.84, the low sits at $9.20, according to Google Finance. Shares ended Wednesday down about 48% from the high, and just 12% off the low.
UiPath, Inc. posted stronger results. Revenue climbed 17% to $418 million in the first quarter, while ARR was up 12%. GAAP operating income hit $28 million and operating cash flow totaled $132 million. CEO Daniel Dines said, “ARR growing 12 percent year-over-year to $1.901 billion.” Operating and finance chief Ashim Gupta called out “first quarter GAAP profitability for the first time in company history.” UiPath, Inc.
UiPath shares have not won over many analysts. Google Finance data lists 14 analysts on PATH in the last three months—just two rate it Buy, 11 say Hold, and one is at Sell. 12-month price targets average $13.40, bottoming at $12.
Shareholders have a shot at addressing capital allocation right at the annual meeting. They want to know why the company put $235.7 million into Class A shares at $11.47 apiece while the stock trades around $10.31 now, near the 52-week low.
ARR is the next metric to watch. UiPath is guiding for second-quarter ARR between $1.929 billion and $1.934 billion, with revenue at $395 million to $400 million. That’s $28 million to $33 million in net new ARR for the July quarter based on the $1.901 billion ARR as of April 30, down from the $49 million added in the first quarter.
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