UiPath
UiPath is the RPA-to-agentic-AI bridge play with significant execution risk. Q3 FY2026 ARR reached $1.782B (+11%); revenue $411M (+16%). Market cap ~$5.7B, down 25% in past year. Agentic automation (Maestro, Agent Builder) generated 1M agent runs but no material revenue until FY2027.
Scenarios
10,000+ enterprise customers have UiPath deployed — Agent Builder and Maestro are the lowest-friction agentic AI adoption path. If agentic automation becomes default, UiPath is the orchestration layer.
Microsoft Power Automate is bundled free in M365. Native agentic AI from Salesforce, SAP, ServiceNow is embedded in enterprise software where UiPath bots operate — threatening the installed base.
Key Factors to Watch
- ●11% ARR growth is too slow for AI potential — market prices in FY2027 agentic acceleration that must materialize
- ●Dollar-based net retention of 108% confirms expansion but below 120%+ expected from true lock-in
- ●Agentic AI creates existential ambiguity: could expand TAM or make RPA obsolete
Score History
| Date | Score | Direction | Note |
|---|---|---|---|
| 2026-04-10 | 6.6 | Positive | Score 6.5→6.6 (rounding drift correction — dimensions unchanged, formula recomputed to match stored value) |
| 2026-03-08 | 6.5 | Positive | Score 6.9→6.5 (formula reweight: sb 0.25→0.15, are 0.20→0.25, md 0.20→0.25, dr 0.20→0.25, aam 0.15→0.10) |
| 2026-03-08 | 6.9 | Positive | Score 6.5→6.9 (are 5→6, md 6→7). External research cross-ref: AgenTeq with 950+ companies building agents; 10,900 enterprise installed base |
| 2026-03-08 | 6.5 | Positive | Initial assessment from batch 9 blind spot review |
Software Peers
Last researched: 2026-04-08
This is research and analysis, not financial advice. Scores reflect AI impact potential, not investment recommendations.