HIGHBuilt-inProduct / Revenue mix
UiPath Platform
“10-K Item 1A: 'we derive substantially all of our revenue from our UiPath Platform™'”
PATH · Concentration risk · 10-K extracted
UiPath (PATH) concentration risks
Updated
The most significant concentration UiPath discloses is UiPath Platform, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: UiPath’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH1
MEDIUM1
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMOutside partyCustomer
limited number of customers
“10-K Item 1A: 'A limited number of customers represent a substantial portion of our revenue and ARR'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's disclosed concentration profile combines a high-share product dependency with a moderate-share customer concentration, both of which are well-aligned with the business's current stage and go-to-market model. On the product side, substantially all revenue is derived from the UiPath Platform — a high-share, structural concentration by disclosed size. For a company at this stage of growth, single-platform revenue concentration is characteristic and expected: the business is built around one integrated suite, and diversification across distinct product lines has not yet been a strategic priority. The structural character means the investment thesis is directly tied to platform adoption, renewal rates, and expansion within the installed base. On the customer side, a limited number of customers represent a substantial portion of revenue and ARR — a moderate-share dependency by disclosed size. The filing does not quantify a precise share or identify named customers, but the characterization of "a limited number" driving a "substantial portion" of both revenue and annual recurring revenue indicates that a small cohort of enterprise accounts is disproportionately important to the near-term financial trajectory. Loss of or significant reduction in spending by any of these accounts would have a proportionate impact on reported metrics. Together, the profile presents a coherent but concentrated picture: a single-platform business where both the product and customer bases are concentrated in ways that are typical for enterprise software companies in an expansion phase. Platform net retention, expansion revenue within the top-customer cohort, and new enterprise logo additions are the primary variables to track.
For the engine’s reasoning on PATH’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Software - Infrastructure
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| APPN | Appian Corporation | 2 | 2 | 0 | 4 |
| PATH● | UiPath, Inc. | 1 | 1 | 0 | 2 |
| AVPT | AvePoint, Inc. | 1 | 0 | 0 | 1 |
| ATEN | A10 Networks, Inc. | 0 | 2 | 0 | 2 |
| ACIW | ACI Worldwide, Inc. | 0 | 0 | 0 | 0 |
| AKAM | Akamai Technologies, Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.