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Item 1. Business

2026-03-25 compared with 2025-03-24 · 167 added, 131 removed, 103 unchanged (74% of the section changed)

First established in a Bucharest, Romania apartment in 2005, UiPath was incorporated in Delaware in 2015 as a company principally focused on building and managing automations, starting with computer vision technology and user interface automations in our initial RPA offering, which remains the foundation of our platform today.

Over the course of the past several years, we have followed a strategy of leveraging advances in AI to broaden our automation capabilities and have expanded, through both internal product development and strategic acquisitions, from RPA as a tool to automation as a platform.

Our end-to-end, integrated technology, The UiPath Platform™, allows customers to integrate AI with automation, enabling automation to take action based on learning and experience.

It enables employees to quickly build automations for both existing and new processes and to automate a vast array of actions including, but not limited to, logging into applications, extracting information from documents, moving folders, filling in forms, reading emails, and updating information fields and databases.

The ability of our platform to replicate steps performed by humans in executing business processes drives operational efficiencies and enables companies to deliver on key digital initiatives with greater speed, agility, and accuracy.

AI-powered automation is here, and its momentum is continuing to grow as organizations around the world begin to understand the combined power of automation and AI to drive efficiency and accelerate business outcomes.

The UiPath Platform™ continues to shape the future of work as we evolve into an AI-native platform, where agentic AI is combined with RPA to not only help our customers automate workflows, but also to orchestrate and transform end-to-end business processes.

First established in Bucharest, Romania in 2005, UiPath was incorporated in Delaware in 2015 as a company principally focused on building and managing automations, starting with computer vision technology and user interface automations in our initial RPA offering, which remains the foundation of our platform today.

Over the course of the past several years, we have followed a strategy of leveraging advances in AI to broaden our capabilities.

Building upon decades of leadership in automation, UiPath is pioneering the evolution from rule-based automation to intelligent agentic automation.

The UiPath Platform™ uniquely combines controlled agency, developer flexibility, and seamless integration to help organizations scale agentic automation safely and confidently.

Committed to security, governance, and interoperability, we support enterprises as they transition into a future where automation delivers on the full potential of AI to transform industries.

Our platform empowers customers to combine automation, AI agents, and people, delivering end-to-end process orchestration that drives innovation.

Trends Shaping Our Industry

The following are key industry trends affecting our business outlook and product strategy:

A fragmented application landscape complicates business processes and hinders digital transformation.

Businesses worldwide have spent billions of dollars on software in an attempt to drive efficiency and competitive advantages.

A proliferation of applications has resulted in a shift from traditional software suites to specialized point solutions.

Enterprises have transitioned from managing a handful of multi-purpose, largely on-premises applications to managing hundreds or thousands of point solutions deployed across on-premises, cloud, and hybrid environments.

These applications, which were generally not designed for interoperability, run in tandem with legacy technologies, relying on humans to act as the connective tissue in the performance of business processes.

As a result, employees lose valuable time navigating a fragmented application landscape and attention is diverted away from more cognitive activities that could directly improve business outcomes.

Advancements in AI are enabling automation of sophisticated business processes and broader use cases.

While RPA can easily capture data and manipulate applications like a person would, automation of certain more complex and cognitive tasks has historically been out of reach.

The evolution of AI, which refers to the capability of computer systems or algorithms to emulate intelligent human behavior, has now enabled the automation of processes with characteristics—such as high variability, inherent uncertainty, and unstructured data—that would have been impossible to automate with RPA alone.

AI expands capabilities by enabling automations to learn how to read, write, listen, recognize patterns, and make complex decisions, bringing automation to a new level by opening a world of new opportunities for business growth, cost reduction, and improved productivity.

Low-code and no-code automation is enhanced by new AI capabilities.

Low-code and no-code development platforms have been greatly enhanced with the evolution of AI—including large language models, generative AI, and agentic AI.

In addition, many enterprise software companies have introduced AI-powered assistants into their products.

Users can simply describe their automation needs in plain language, and the assistant can automate a range of repetitive tasks and simple workflows.

These advancements are transforming the way that automations are created and broadening the accessibility and footprint of automation across the enterprise.

AI-rich environments call for heightened security and governance.

Security and governance of AI, particularly generative and agentic AI, are key concerns of IT professionals.

Enterprises must monitor the actions and decisions of AI agents to ensure that AI-generated outputs can be trusted to be accurate and non-hallucinatory.

Further, security concerns around use of AI have increased as cyberattacks have grown in frequency and sophistication, intensifying the need for organizations to ensure that their sensitive data will not be compromised by AI agents and large language models.

The market for automation remains a fast-growing enterprise software market and is increasingly competitive.

The recent introduction of AI agents has created a flurry of investment among established software companies and startups.

The following are key trends affecting our industry, business outlook, and product strategy:

AI necessitates reinvention .

AI's disruptions compel organizations to make bold changes in how they operate, compete, and allocate work.

It's now clear that agent-centric operating models can dramatically outperform traditional ways of working— making it imperative for enterprises to reinvent themselves as agentic organizations.

The agentic era marks a radical redivision of labor between people and virtual workers.

AI agents are extending automation into high-value, judgment-based processes such as decision making and risk management— creating new opportunities, including the ability to build software internally that would have otherwise been purchased.

At the same time, use of AI agents creates new risks that call for strong oversight and control.

This requires adopting new operating systems built for orchestration, governance, and continuous optimization across an increasingly autonomous and interconnected digital enterprise.

ROI at last .

Enterprises find their path from pilots to payout.

Organizations are approaching the future with momentum and a mandate:

use the lessons learned in 2025 to make agentic programs deliver.

Budgets are rising, confidence is high, and the experiences of the past year have brought organizations far up the learning curve.

As the focus shifts from experimentation to execution, a new playbook for agentic payoff brings ROI within reach, and investment continues, there's an increasing focus on performance and impact.

As enterprises move from pilot to production, agentic initiatives need to show proof of their scalability, efficiency, and business value.

Vertical ascent .

Focused agentic solutions take off and fly high.

This year, vertical agentic solutions continue their growth trajectory— covering more domains and enjoying broader adoption.

Domain-tuned, tested, and integration-friendly, these configurations of agents, automation, models, and workflows offer quick deployment, measurable outcomes, and a reliable and effective pathway to scale.

The best vertical solutions include all the prebuilt elements and capabilities required for deployment, integration, and ongoing production, and are also highly configurable, making it possible for enterprises to use their own data and models and adapt guardrails to their particular regulatory, security, and reporting standards.

Enter the command center .

Organizations take control over agentic operations by centralizing orchestration, governance, and agent management.

It has become increasingly clear that organizations' adoption of AI in all its forms has advanced faster than their ability to govern, manage, and orchestrate it.

The adoption of multi-agent systems adds yet more complexity, as these systems require sophisticated orchestration capabilities to direct, integrate, and monitor highly autonomous agents across systems, data, and workflows.

As agentic automation extends across their core processes, many organizations are establishing a new operational layer— an agentic command center— to centralize and integrate governance, control, and orchestration.

Gloves off, guardrails up .

Enterprises act decisively to ensure security, transparency, and control for every AI agent and agentic workflow.

As agents gain real autonomy— accessing data, making decisions, and executing actions— their security stakes skyrocket.

To harness AI agents at scale, enterprises must make them not only capable, but trustable.

This means building systems that ensure security, transparency, and control from the first line of code to the last workflow handoff.

The adoption of embedded governance across the agent lifecycle is being accelerated by a wave of technology investment and innovation.

Platform providers are building native capabilities that make it easier to hardwire safety, oversight, and control into agent design and operation.

These technologies allow enterprises to put lifecycle principles into practice— turning governance-as-code, human-in-the-loop, and real-time observability into configurable system features rather than custom engineering challenges.

Data goes meta .

Companies double down on adding the context, structure, real-time access, and control that turn enterprise data into agent rocket fuel.

As enterprises expand their use of generative and agentic AI, data quality, structure, and context are becoming decisive strategic advantages.

Access alone isn't enough— AI agents and generative AI models also need the understanding that comes from metadata, which describe datasets, and ontologies, which describe the relationships between them.

And when governance is embedded directly into data systems, access controls and compliance requirements can travel with the data itself, allowing agent actions and queries to be checked against rules in real time.

Organizations are directing new energy and investment toward enriching and governing their data— building real-time, trusted, and semantically rich systems that give AI agents the understanding they need to perform with accuracy, confidence, and control.

Automation remains a fast-growing enterprise software market and is increasingly competitive.

The introduction of AI agents has created a flurry of investment among both established software companies and startups.

We believe that our competitors primarily fall into the following categories:

• Business orchestration and automation technologies ( BOAT ) providers with consolidated software platforms that deliver enterprise process automation by enabling capabilities including orchestration of business processes, enterprise connectivity, low code development, and agentic automation;

• Enterprise platform vendors that are acquiring, building, or investing in automation and AI functionality or partnering with automation and AI providers;

• Traditional enterprise software companies that are enhancing their offerings with investment in new AI agents.

• AI model research organizations and incubators that seek to build on their models with new capabilities for directly augmenting and assisting human workers.

• AI startups focused on process orchestration and intelligence.

• RPA software providers and adjacent automation and integration platform companies in markets such as low-code, BPM , iPaaS , process mining, IDP , and test automation that provide additional features that can be useful for automations.

• AI model research organizations and incubators that seek to build on their models with new capabilities for directly augmenting and assisting workers;

• AI startups focused on process orchestration and intelligence for industry-specific use cases;

• Proprietary and open-source AI model providers and coding agents;

• RPA software providers and adjacent automation and integration platform companies;

• Test automation providers.

We have alliances and integrations with key vendors across much of the competitive landscape, but these vendors often develop and market their own automation capabilities as extensions of their core models or platforms.

A number of technology companies have attempted to address the AI and automation needs of organizations through the application of BPM, application development platform offerings, RPA tools, and AI point offerings, as well as other horizontal software applications.

A number of technology companies have attempted to address the AI and automation needs of organizations through the application of business process management, application development platform offerings, RPA tools, and AI point offerings, as well as other horizontal software applications.

However, when conducting common enterprise workflows and business-critical processes, these existing offerings are challenged by a number of inherent limitations, including:

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Our platform is purpose-built to be responsive to these challenges and to advance the next generation of automation with several key strengths:

• We deliver scalable, reliable, and secure software robots that emulate human actions with precision and speed, empowering organizations to automate repetitive tasks.

• Our platform’s embedded AI, ML , and NLP capabilities improve decisioning and information processing by adapting to constantly changing variables.

• Our platform allows users to seamlessly design and combine UI automations, API integrations, and AI-based document understanding in a single workflow.

• Our multi-tenant platform is built for enterprise deployment, with security and governance at its core, and can be deployed on-premises, in a public or private cloud, or in a hybrid environment.

In addition, we offer a managed, multi-tenant SaaS version called Automation Cloud™, which allows rapid automation without infrastructure overhead.

• We deliver a scalable, reliable, and secure agentic automation platform that unifies AI agents, robots, people, and models to orchestrate end-to-end, complex enterprise processes— going beyond automation of repetitive tasks to automating dynamic, judgment-intensive workflows.

• Our platform’s embedded AI, ML, and natural language processing capabilities power AI agents that think and act autonomously, improving decision-making and information processing by adapting to constantly changing variables.

• Our platform allows users to seamlessly design and combine agentic AI, UI automations, API integrations, and AI-based document understanding, while supporting low-code, pro-code, and pre-built AI agent templates in a unified environment.

• Our multi-tenant platform is built for enterprise deployment, with security, governance, and auditability at its core, and can be deployed on-premises, in a public or private cloud, or in a hybrid environment.

In addition, we offer a managed, multi-tenant S aaS version called Automation Cloud™, which allows rapid automation of any process, anywhere, without infrastructure overhead.

• Our intuitive interface and low-code, drag-and-drop functionality empowers users of all technical levels to build and deploy complex automations quickly, using customizable and sharable components as modular building blocks.

• Our platform provides users with AI-powered automated testing for their applications, allowing them to streamline development and find and fix issues before they impact production systems.

• Our platform's process mining capabilities analyze the digital footprint of users' processes across all systems to identify the root causes and impact of inefficiencies and shorten the timeline between process analysis and automation deployment.

• Our platform tracks, measures, and forecasts automation performance, providing actionable metrics and predictive insights to continuously optimize business processes and maximize return on investment.

• Our platform was designed to enable people and automations to work together intelligently, with each focusing on the processes they execute best, to enhance productivity and improve business outcomes.

• Our platform provides users with AI-powered agentic testing for their applications, allowing them to streamline development, accelerate test cycles, and find and fix issues before they impact production systems.

• Our platform's process intelligence capabilities, including process mining and task mining, analyze the digital footprint of users' processes across all systems to identify the root causes and impact of inefficiencies, shortening the timeline between process analysis and automation deployment.

• Our platform monitors, measures, and forecasts automation performance, providing actionable metrics and predictive analytics to continuously optimize business processes and maximize return on investment.

• Our platform was designed to enable people, AI agents, and automations to work together intelligently, with each focusing on the processes they execute best, allowing users to continuously enhance productivity and improve business outcomes.

• Our platform provides centralized governance, security, and standard-based architecture that integrates with existing technology and AI ecosystems, allowing organizations to safely scale AI adoption in an enterprise environment with built-in guardrails.

The UiPath Platform ™

The UiPath Platform™ unites AI with enterprise automation, turning AI's promise into real-world impact.

It provides our customers with a robust set of capabilities that allow them to discover opportunities for automation, automate using a digital workforce that seamlessly collaborates with humans, and operate a mission critical automation program at scale.

Identify the highest-ROI opportunities for continuous process optimization and automation using the power of AI

Process mining uses data from business applications to give organizations a detailed understanding of their business processes and how to automate and improve them.

Task mining provides an objective, data-driven picture of employees' desktop activities without disrupting ongoing work, allowing organizations to identify process improvement areas or automation candidates.

Communications mining lets users mine, monitor, and automate service conversations, finding the value in these communications to unlock insights and improve the experience of their customers.

Idea capture and management enables organizations to centrally capture and manage automation ideas and process improvements and to prioritize them based on KPIs.

Rapidly build AI-powered automation that seamlessly collaborates with people and systems to transform every facet of work

UI and API automation are combined for maximum scale and speed across the broadest range of apps and systems, building automations that "see" components of dynamic interfaces with the power of AI.

Low-code development empowers employees to build business apps and automations rapidly with low-code, visual tools, making automation—and innovation—available to everyone.

Generative AI and experiences expand automation's impact and address a broader range of business challenges, stretching the limits of what's possible.

IDP and specialized AI remove the work from paperwork with semantic understanding of a wide range of documents—accurately and quickly.

Process orchestration automates cross-functional business processes and allows seamless collaboration between software robots and humans.

Establish an enterprise-grade foundation to run and optimize a mission-critical automation program at high scale

Real-time and trend analytics provide context for data-driven automation decision-making and strategy.

Continuous testing delivers low- and no-code and coded automated testing across the entire testing lifecycle, with AI-powered features to boost efficiency.

Unified management and governance allow organizations to monitor the integrated platform and their automation programs centrally, enabling them to scale quickly—and responsibly.

Cloud-first flexibility offers AI-powered enterprise-ready automation instantly with SaaS, or allows organizations to self-host for data isolation or regulatory compliance needs.

In October 2024, at our Forward VII user conference, we announced our commitment to lead in agentic automation by adding core agentic AI capabilities to our existing enterprise automation platform.

Our intention is to create the world's first integrated platform for agentic automation.

As the UiPath Platform™ continues to evolve into an increasingly sophisticated AI-native platform, our new agentic capabilities (now in preview) will work in concert with our proven RPA capabilities to not only help our customers automate business processes, but also to build true end-to-end agentic workflows.

The UiPath Platform™ is an integrated enterprise software platform that enables AI agents, robots, people, and models to work together harmoniously in coordinated workflows.

The UiPath Platform™ empowers enterprises to build and orchestrate automated processes across a wide range of enterprise systems and applications.

Key components and capabilities of the UiPath Platform™ include:

Orchestrate— UiPath Maestro™ is the orchestration layer of the UiPath Platform™.

Process Orchestration:

UiPath Maestro™ is the enabler of agentic automation, effectively managing and assigning tasks and responsibilities among people, robots, and AI agents depending on their capabilities.

It acts as the conductor in an automated symphony, ensuring that complex end-to-end processes operate smoothly, efficiently, and in a manner that is aligned with the enterprise's strategic goals.

It is vendor-agnostic, which allows integration of any agent or automation into processes that traverse multiple systems and teams, ensuring flexibility and interoperability.

Process Intelligence:

Our platform combines process mining and task mining to deliver data-driven insights that help organizations optimize processes and power smarter automation.

Process intelligence data integrates with UiPath Maestro™ to support continuous monitoring and optimization of orchestrated workflows.

Process intelligence also allows organizations to test process changes before implementation using simulation tools to predict outcomes and prevent rework.

Automation performance can be monitored and measured to evaluate post-implementation impact.

Build— Developers can build RPA workflows, API integrations, and AI agents within a single environment.

Enterprise Agent Builder:

UiPath Agent Builder enables enterprises to create, customize, and deploy intelligent agents that think, plan, and act autonomously.

Our agents can understand prompts, set goals, and create execution plans.

They can also execute using tools like robots and models, learn, and bring people into the loop.

While the agents execute, our customers can evaluate, debug, and validate their output and performance.

RPA and API Automation:

The platform includes software robots that can perform rule-based tasks across desktop and web applications, as well as API-based automation for direct system integration.

UI automation intelligently understands screens, navigates layouts, and automates any interface by interacting with applications as a person would.

UI automation capabilities use a combination of document understanding and AI Computer Vision to interact with application interfaces, including the ability to adapt to changes in those interfaces without manual reconfiguration.

RPA workflows and agentic workflows can be combined within the same process, allowing organizations to apply each approach where it is best suited.

Intelligent Xtraction & Processing (IXP):

UiPath IXP, our latest evolution of intelligent document processing, enables the extraction and processing of structured and unstructured data from a wide range of document types, turning data into actionable insights to power AI agents and automations.

Information extracted from documents and communications data provides AI agents with the structured contextual outputs they need to make smarter, faster decisions.

UiPath IXP offers production-grade model controls, built-in safeguards for data protection, human-in-the-loop, compliance, and governance for responsible AI use.

Test— UiPath Test Cloud provides agentic testing for enterprises with a full-featured solution that seamlessly integrates into existing testing tool sets.

Testing and Quality Assurance:

UiPath Test Cloud offers agentic testing capabilities for software testing lifecycle, application testing, and the continuous optimization of process automation, using its built-in or customized AI agents tailored to customers' unique testing needs.

The offering supports both low-code and coded test development and includes AI-assisted features such as self-healing automation, which adapts test scripts in response to application changes, reducing maintenance overhead.

Integrated with the UiPath Platform™, Test Cloud allows test design, execution, and management in the same platform used for automation development.

Vertical Solutions— UiPath Solutions are packaged, prebuilt agentic solutions powered by agents, robots, and industry best practices.

Purpose-built for specific use cases in industries such as financial services, insurance, healthcare, retail, supply chain, and manufacturing, Solutions are designed to deliver results in weeks, not months.

Governance, Security, Compliance, and Flexible Deployment— The UiPath Platform™ includes centralized governance capabilities that apply across automations, AI agents, and manual tasks.

These include an AI Trust Layer that enforces policies to govern the use of AI-powered features across the platform, role-based access controls, real-time audit logging, and in-flight masking of personally identifiable information before data is transmitted to LLMs.

Customer-managed LLMs are also supported, allowing organizations to configure their own subscriptions in place of UiPath-managed models when necessitated by data residency or regulatory requirements.

Flexible deployment options include SaaS for infrastructure-free scaling, self-hosted for on-premises or private cloud use, and hybrid models.

Our Growth Strategies

Agentic automation leadership— In addition to RPA, we are focused on targeting a new adjacent market—agentic automation— built around delivering on the benefits of agentic AI across enterprise workflows.

Our approach is to drive continued awareness of the new agentic automation market, facilitate collaboration and research with influential industry analysts, engage with and showcase customers realizing early business outcomes from agentic automation, and join forces with partners that are aligned with this emerging market opportunity.

Customer acquisition and expansion— We sell our platform through a direct sales team, supported by a team of pre-sales engineers and our professional services organization, who offer technical expertise to help customers accelerate adoption and time-to-value.

We also sell through channel partnerships, as well as with systems integrators, and are focused on maintaining and growing a high-quality ecosystem of partners that build, train, and certify skills on our technology as well as those that deploy our technology on behalf of their customers.

We sell to organizations of all sizes across a broad range of industries and geographies, with a focus on enterprise customers.

In certain geographies, we maintain specialized teams that concentrate on specific verticals such as financial services, healthcare, manufacturing, and public sector.

We've designed our go-to-market engine to divide our customer base according to propensity to invest in automation, and we strive to align our coverage model accordingly:

• Enterprise— We dedicate a higher density of resources and coverage to Forbes Global 2000 companies with the highest propensity to invest in and potential to adopt automation at scale.

We believe these accounts represent our largest growth opportunity.

Here we focus on selling positive business outcomes that resonate with C-level executives and leverage our largest partners for customer enablement.

Dense coverage ratios and industry alignment of sales teams allow us to accelerate both new customer acquisition and usage expansion.

• Corporate and Mid-Market— For corporate and mid-market accounts, which are in the earlier stages of their automation journey, we use both direct marketing and a partner-led approach, where we provide resources to support our partners.

With our new agentic automation initiatives, we expect to see a rise in inbound activities through our trial and sandbox digital marketing efforts.

• Small and Mid-Sized Business— We seek to sell to the smallest companies primarily through our most efficient partner-led, self-service, and digital channels, focusing on low-cost, durable customer acquisition.

In addition, we are developing opportunities for product-led growth, which will enable us to speak to users within the product to organically nurture adoption and sell additional capabilities.

Market Opportunities

Business orchestration.

We target CIOs whose focus is on business outcomes and process excellence, and who seek more control, visibility, and the ability to govern the state of change.

Our integrated business process orchestration addresses these needs by allowing management of business process state independent of the workers— whether agent, robot, or human— executing the tasks.

Industry solutions.

We cater to line of business owners in specific industry verticals— such as financial services, insurance, healthcare, public sector, retail, supply chain, and manufacturing— with purpose-built solutions that operationalize agentic automation for their core business processes.

Pre-built and co-developed with industry leaders, these solutions have domain expertise, security, compliance, and governance built in, allowing us to offer these customers faster time to value and high-impact outcomes.

Agentic testing.

We target QA owners at a time when agentic coding is drastically changing the pace of how software is developed.

With developers using AI to write more code faster than ever, old, manual testing approaches simply don't work.

Our disruptive autonomous testing addresses these needs by validating applications continuously as they change so QA functions can keep up and offset increasing risk at enterprise scale.

Agentic automation.

We focus on CoE leaders, enterprise architects, and heads of AI who— in response to executive-led AI mandates, compressed delivery timelines, and broader business involvement— are being pressured to move faster while increasing governance, security, and compliance.

To address these needs, low-code to pro-code agent development yields enterprise-ready agents— autonomous, conversational, and computer-use— built for reliability, governance, and flexible deployment.

Customer Acquisition and Expansion

We sell our platform through a direct sales team, supported by pre-sales and forward deployed engineers and our professional services organization, who offer technical expertise to help customers accelerate adoption and time-to-value.

We also sell through channel partnerships, as well as with systems integrators.

Our sales efforts are complemented by our marketing initiatives, which build brand and category awareness, cultivate a large and growing community, and drive demand through a combination of global and local campaigns.

We employ a variety of approaches to reach prospective customers, including community evangelism, in-person and digital events, content marketing, digital advertising, search optimization, partner marketing, social media, and public relations.

We host and present regularly at regional and global events, including our own Forward and On Tour conferences, and Summit and DevCon events.

We host and present regularly at regional and global events, including our own Fusion and On Tour conferences, and Summit and DevCon events.

Our customers see rapid time-to-value with our products, often expanding use cases and increasing their number of automations beyond their initial deployment.

We expect that our new agentic automation capabilities will follow a similar trend, enabling us to expand sales within organizations as customers automate more complex workflows that require decision-making and benefit from a higher degree of agency.

New agentic capabilities enable us to expand sales within organizations as customers automate more complex workflows that require decision-making and benefit from a higher degree of agency.

The broad applicability of our platform enables us to sell across all levels and departments of an organization, affording opportunity for eventual graduation to larger platform sales.

Platform investment and innovation— We intend to deliver functionalities that increase the surface area of automation for our customers through the addition of agentic AI capabilities throughout the UiPath Platform™.

Platform Investment and Innovation

We intend to deliver functionalities that increase the surface area of automation for our customers through the addition of agentic AI capabilities throughout the UiPath Platform™.

To this end, we have made and plan to continue to make significant investments in research and development to enhance our technology.

For example, in November 2025, we released version 25.10 of the UiPath Platform™.

Notably, this release introduces Autopilot for Everyone, which provides a conversational assistant for creating and interacting with automations, and Clipboard AI, which acts as an intelligent copy-paste assistant, transferring data between documents, spreadsheets, and applications.

In December 2024, we released a private preview of our new Agent Builder product, which allows users to craft AI agents that can think and work by themselves, and in March

2025, our Agentic Orchestration product, which integrates AI agents, robots, and people into complex, multisystem processes, was made available for public preview.

Strategic Acquisitions— We have acquired businesses and technologies to drive platform and market expansion.

For example, in July 2022, we acquired Re:infer , a provider of NLP software focused on unstructured documents and communications, laying the foundation for our Communications Mining technology, which has been a fitting complement to our existing IDP capabilities.

In March 2025, we acquired Peak AI Limited, a U.K.-based software company offering an AI platform that provides pricing and inventory intelligence to customers in manufacturing and retail.

We expect to continue to evaluate acquisition opportunities that we believe are complementary to our platform.

Community Engagement— We have cultivated a dynamic ecosystem of users through our Community, UiPath Academy, and Academic Alliance initiatives, which support and empower individuals to use our platform to navigate the evolving landscape of automation and AI.

Our annual UiPath Community Most Valuable Professional award program recognizes global UiPath Community members for their outstanding contribution, innovation, and evangelism and provides us with a source of continuous user feedback and foresight.

Additionally, to make automation more accessible, we offer free access via our Community Edition and Enterprise Trial, both available online.

(Community Edition is a limited version of our platform that is offered for free to small businesses, university students, and individuals, whereas Enterprise Trial provides full functionality for a limited time.)

We believe that our highly engaged user community sets us apart and that by equipping individuals with the skills to leverage AI-powered automation, we are paving the way for broader adoption and innovation across industries.

The result is a global network of automation professionals who are not only building and sharing automations, but also transforming the way work gets done.

We have a large and diversified customer base across a broad range of industry sectors.

This release is heavily focused on agentic automation, unified development experiences, and enterprise governance, with significant upgrades across nearly every product in the UiPath ecosystem.

Further, we use our platform as a foundation for the introduction of new purpose-built vertical solutions, such as medical records summarization for healthcare, loan quality control for commercial lenders, and quote generation and approval for supply chain and retail, all released in February 2026.

To complement our development we have also acquired, and expect to continue to evaluate opportunities to acquire, businesses and technologies for purposes of platform and market expansion.

Through recent acquisitions we have sought to accelerate time-to-value for customers in certain industry verticals.

For example, in March 2025, we acquired Peak , a U.K .

-based software company offering an AI platform that provides pricing and inventory

intelligence to customers in manufacturing and retail, and in February 2026, we acquired WorkFusion, Inc., a U.S.

-based software company specializing in AI agents for financial crimes compliance.

We have a large and diversified customer base that is using the UiPath Platform to drive efficiency and performance across a broad range of industries and use cases— including, but not limited to, financial services, insurance, healthcare, public sector, retail, supply chain, and manufacturing.

We determine our customer count by considering the number of accounts with a unique account identifier for which we have an active license or SaaS subscription in the period indicated, including entities to which we have sold our products either directly or indirectly (for example, through a channel partner).

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We had approximately 10,747 and approximately 10,753 customers as of January 31, 2026 and 2025, respectively.

We develop and maintain business and technology partnerships that help us to integrate the latest technology into our platform and to market and deliver our platform to our customers around the world.

Partners and Ecosystem

We develop and maintain business and technology partnerships that help us to integrate the latest technologies into our platform and to market and deliver our platform to our customers around the world.

Our business partners include global and regional system integrators, value-added resellers, and business consultants that enhance our market presence and drive greater sales efficiencies.

Our technology partners bring specialized capabilities to our platform.

We sell through channel partners and with systems integrators, with a focus on enabling a high-quality ecosystem of partners that build, deploy, and co-develop solutions on our technology.

Our technology partnerships with hyperscalers, AI infrastructure and model providers, and cloud data platform providers bring specialized capabilities to our platform.

We collaborate to develop solutions that address the specific requirements of horizontal and industry use cases, resulting in faster time-to-value for customers.

With technology partners, hyperscalers, and AI partners, we strategically engage across product and development, marketing, and go-to-market functions.

We work toward interoperability and native extensibility to ensure both first- and third-party agents, robots, and humans are seamlessly orchestrated by the UiPath Platform™ across enterprise systems, applications, and data.

Additionally, we maintain partnerships with leading cloud vendors, such as Amazon Web Services Inc., Google Inc., and Microsoft Corporation, to both simplify the deployment of our platform and to extend our platform to offer customers the benefits of cloud-based AI capabilities.

We work toward interoperability and native extensibility to ensure both first- and third-party agents, robots, and people are seamlessly orchestrated by the UiPath Platform™ across enterprise systems, applications, and data.

We also maintain partnerships with leading cloud vendors to simplify the deployment of our platform and offer customers the benefits of cloud-based AI capabilities.

Additionally, we have cultivated a dynamic ecosystem of users through our Community and UiPath Academy initiatives, which support and empower individuals to use our platform to navigate the evolving landscape of automation and AI.

We believe that our highly engaged user community sets us apart and that by equipping individuals with the skills to leverage agentic automation, we pave the way for broader adoption and innovation across industries.

Intellectual Property

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We continually review our development efforts to assess and identify the existence and patentability of new intellectual property, and maintain an active patent program that has enabled us to steadily build our patent portfolio over the past several fiscal years, as illustrated in the following chart:

As of January 31, 2025, we held 262 issued patents which are scheduled to expire between 2039 and 2045.

As of January 31, 2026, we had 1,086 patent applications globally, including 398 in the U.S.

and 688 in other jurisdictions.

We held 389 issued patents, including 131 issued patents related to AI, 5 of which relate to agentic automation technologies.

These issued patents are scheduled to expire between 2039 and 2045.

As of January 31, 2026, we also had 128 pending patent applications in the U.S.

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patent applications), 124 pending Patent Cooperation Treaty applications, and 293 pending and 6 allowed patent applications in other jurisdictions.

Our patent portfolio is aligned to and supports the UiPath Platform ™ as follows:

Discover Automate Operate

includes 99 AI assets

includes 228 AI assets

includes 24 AI assets

The terms of individual patents extend for varying periods of time, depending upon the date of filing of the patent application, the date of patent issuance, and the legal term of patents in the countries in which they are obtained.

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Our policy is to require all employees and independent contractors to sign agreements assigning to us any inventions, trade secrets, works of authorship, developments, processes, and other intellectual property generated by them on our behalf and under which they agree to protect our confidential information.

In addition, we generally enter into confidentiality agreements with our customers and partners.

addition, we generally enter into confidentiality agreements with our customers and partners.

See Risk Factors—Risks Related to Our Intellectual Property , included in Part I, Item 1A of this Annual Report on Form 10-K, for a description of risks related to our intellectual property.

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Our business is and will continue to be subject to extensive U.S.

federal and state and foreign laws and regulations, including laws and regulations involving privacy, data protection, security, intellectual property, competition, taxation, anti-corruption, anti-bribery, anti-money laundering, use of artificial intelligence, and other similar laws.

Many of these laws and regulations are still evolving and are likely to remain uncertain for the foreseeable future, and these laws and regulations can vary significantly from jurisdiction to jurisdiction.

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Other jurisdictions in the U.S.

are beginning to propose laws similar to the CCPA.

As a result of our global operations, we must comply with many data security and privacy laws that may vary significantly from jurisdiction to jurisdiction.

have adopted or begun to propose laws similar to the CCPA.

As a result of our global operations, we must comply with many data security and privacy laws outside of the U.S.

that may vary significantly from jurisdiction to jurisdiction.

Virtually every jurisdiction in which we operate has established or is in the process of establishing data security and privacy legal frameworks with which we or our customers must comply.

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For example, the data protection landscape in Europe, including with respect to cross-border data transfers, is currently unstable and other countries outside of Europe have enacted or are considering enacting cross-border data transfer restrictions and laws requiring local data residency.

Furthermore, the EU AI Act imposes onerous obligations for providers and deployers of AI-related systems.

Furthermore, the EU AI Act imposes onerous obligations for providers and deployers of AI-related systems, the EU Data Act imposes obligations on providers of data processing services, and other EU security regulations are shaping cybersecurity obligations of cloud service providers.

In addition, we must comply with any sanctions that may be issued by countries in which we do business.

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Embedding these values into everything we do is critical to our success and helps us deliver value to our customers, employees, and stockholders.

Keep an open mind.

BOLD Speak up.

Act with courage.

Make decisions.

HUMBLE Keep an open mind.

Cultivate kindness.

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Check your ego.

Act with courage.

Make decisions.

Be passionate.

Own what you do.

Be customer centric.

Practice agility.

FAST Practice agility.

Prioritize simplicity.

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Be proactive.

IMMERSED Dive deep.

Be passionate.

Own what you do.

Be customer centric.

Employee Experience

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We strive to provide equal opportunity and to foster an environment that drives inclusion and belonging, while also supporting our employees' overall well-being.

We continue to evolve our culture to support our strategy and our vision of accelerating human achievement through the power of automation and AI.

We have designed our rewards programs to be competitive and to attract, retain, and motivate high-performing employees.

We continue to evolve our culture to support our strategy and vision, and have designed our rewards programs to be competitive and to attract, retain, and motivate high-performing employees.

We employ a consistent performance management approach globally, whereby individual performance is evaluated based on impact and alignment with our values, and we utilize various global and functional programs to recognize employee achievement and tenure.

We cultivate high-performing leaders and individual contributors through integrated talent development initiatives.

Our approach empowers all employees to drive their professional growth through access to various e-learning platforms, structured mentoring relationships, and individual coaching and customized learning plans aligned with their career aspirations.

We cultivate high-performing leaders and individual contributors through integrated leadership development initiatives, with a focus on first-time leaders.

Our approach empowers employees to co-own their professional growth together with their managers, working on a personalized individual development plan and accessing various e-learning platforms, individual coaching, or learning events that are aligned with their needs.

Social Responsibility and Community Initiatives

We have built an employee-led giving strategy through which employees can support charities of their choosing via donation.

We further support the charitable pursuits of our people by allotting additional paid time off for activities with social impact.

Our employees have volunteered, for example, in building homes for those without, feeding those in need, and in teaching children valuable technical and life skills.

In furtherance of our mission, vision, and strategy, we are committed to making automation a force for good in the world.

We have invested in research, collaborations, and partnerships to develop solutions that help address global challenges and increase the positive impact of automation on people and our planet.

We further support the charitable pursuits of our people by allotting additional paid time off for activities with social impact and organizing regular volunteering drives for various causes.

Our employees have volunteered, for example, in building homes for those without, feeding those in need, planting trees, and teaching children valuable technical and life skills.

We have supported initiatives dedicated to improving automation skills and technology access and creating social good with our free online learning platform, UiPath Academy.

Working with our partners to develop accessible paths toward fulfilling careers and foster meaningful employment opportunities remains a priority for us, and we have expanded our network of partner organizations to equip students with automation skills as part of our UiPath Academic Alliance program.

We also train and certify our own employees as citizen developers to automate mundane tasks, which promotes empowerment and engagement.

We also founded the UiPath Foundation, an independent non-governmental, non-profit, non-political, and non-religious global organization based in Romania, which aims to provide children living in poverty with the skills and tools necessary to reach their full potential.

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Financial and other important information regarding UiPath is routinely posted on and accessible through our website at www.uipath.com.

We therefore encourage investors and others interested in UiPath to review the information that we make available on our website, in addition to following our filings with the SEC, webcasts, press releases, and conference calls.

In addition, interested parties may automatically receive email alerts and other information about UiPath when they enroll an email address by visiting “Resources” under the "Investor Relations" section at www.uipath.com.

We therefore encourage investors and others interested in UiPath to review the information that we make available on our website and to follow our filings with the SEC, webcasts, press releases, and conference calls.

Interested parties may automatically receive email alerts and other information about UiPath when they enroll an email address by visiting “Resources” under the "Investor Relations" section at www.uipath.com.

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What changed 10-K

Item 1. Business