In Q4'26, UiPath's (PATH) total operating expenses reached $326.89M USD, comprising $95.16M USD in R&D expenses and $231.73M USD in SG&A expenses, reflecting a slight quarterly decline from Q3'26's $329.23M USD total. Over the period from Q1'24 to Q4'26, R&D expenses exhibited steady growth from $75.34M USD to $95.16M USD, with a notable acceleration in Q2'25 onward, indicating increased investment in innovation. In contrast, SG&A expenses peaked at $257.85M USD in Q2'25 before stabilizing around $220-230M USD, contributing to overall operating expenses fluctuating between $300-350M USD annually, suggesting a maturing cost structure amid business expansion.