PATHUiPath, Inc.
Services-Prepackaged Software
- Revenue
- $1.6B
- 13% YoY
- Operating margin
- 3.5%
- 131% YoY
- EBITDA
- $74M
- 151% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear131% of net incomeCash flow under 80% of net income
- Dilutive SBCFired18% of revenueOver 10% of revenue
- Payouts exceed cash flowClear89% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear6% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $892M | $1.1B | $1.3B | $1.4B | $1.6B | 13% |
| Operating income | −$501M | −$348M | −$165M | −$163M | $57M | 135% |
| Net income | −$526M | −$328M | −$90M | −$74M | $282M | 483% |
| Operating cash flow | −$55M | −$10M | $299M | $321M | $371M | 16% |
| Capex | $9M | $24M | $7M | $15M | $19M | 28% |
| Stock-based comp | $516M | $370M | $372M | $358M | $291M | 19% |
| Buybacks | $0 | $0 | $103M | $391M | $329M | 16% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $39M · 10
- Net
- −$39M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2026 | — | — | 18 | 232 |
| FY2025 | — | — | 21 | 179 |
| FY2024 | — | — | 33 | 141 |
| FY2023 | — | — | 22 | 95 |
| FY2022 | — | — | 53 | 114 |