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UiPath Joins S&P MidCap 400 Index
1 Jan
Summary
- UiPath is now part of the S&P MidCap 400 Index starting January 2.
- The company achieved its first GAAP profitable third quarter.
- UiPath boasts no debt and over $1.5 billion in cash.
UiPath, a leader in enterprise software and robotic process automation, is set to be included in the S&P MidCap 400 Index. This significant move for investors takes effect at the opening bell on January 2, replacing Synovus Financial. The inclusion is driven by the company's recent financial performance and strategic advancements in AI agentic automation.
The company, headquartered in New York, has a market capitalization of approximately $9 billion. Its stock has experienced volatility but shows constructive trends. With a robust balance sheet, UiPath holds over $1.5 billion in cash and maintains no outstanding debt, positioning it favorably despite high growth expectations reflected in its valuation.
UiPath recently reported strong third-quarter fiscal 2026 results, marking its first GAAP profitable quarter. Revenue increased by 16% year-over-year to $411 million, with annual recurring revenue growing to $1.782 billion. These positive financial indicators suggest a turning tide in market sentiment for the automation software provider.
