Competitive LandscapeConcerns exist about PATH's durable growth rate given the growth of various agentic solutions, the competitive landscape, and a challenging macro environment.
Financial GuidancePATH had a lackluster quarter, missing reported ARR and revenue estimates, and provided disappointing FY26 guidance that is back-end weighted.
Public Sector ExposurePATH is particularly subject to federal government spend cuts and uncertainty over the next several quarters due to its significant exposure to the public sector.