IPO: Romanian Software Company UiPath Unveils S-1

After filing confidentially for an initial public offering (IPO) in December, UiPath, the high-flying robotic process automation (RPA) startup, has…

UiPath logo


After filing confidentially for an initial public offering (IPO) in December, UiPath, the high-flying robotic process automation (RPA) startup, has now unveiled its S-1 filing with the US Securities and Exchange Commission (SEC), giving a peek into its financials with information not publicly known before.

With its S-1 filing made, UiPath is set to begin trading soon on the New York Stock Exchange under the ticker “PATH”.

  • As to financials, UiPath’s S-1 filing shows $608 million revenue for its most recent fiscal year ending January 31, 2021. In the previous year, the company made $336 million in revenue.
  • UiPath isn’t profitable, showing net losses of $92 million and a much higher $520 million in its most recent fiscal year and the one before that respectively.
  • Most of UiPath’s revenue comes from its ‘Licenses’ segment, that is selling licenses for the use of its software to corporations. The second-highest segment after that is grouped as “Maintenance and support” for its software services. Then, there’s a third “Services and other” segment bringing in a small part of its sales.
  • Obviously, UiPath is growing fast, showing 81% year-over-year revenue growth in its most recent fiscal year. Though, the company isn’t profitable, like many tech companies going public in this same market phase.
  • UiPath has a legal presence in 29 countries, with its major operations in the US, Japan, and Romania. Romania is where the company was founded in before it relocated to the US. The company’s founders are Romanian citizens.

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