One of the most bullish things about $PATH is the sheer size of UiPath’s installed base. But more importantly, it’s what that installed base is actually doing. UiPath arguably has the largest dedicated RPA installed base among specialist vendors, with thousands of enterprise customers already using its technology to automate business workflows. This is an enormous competitive advantage as enterprises transition towards agentic AI. UiPath already has established relationships, integrations and production automations embedded in the very workflows that enterprises now want to make more intelligent. And with Maestro, UiPath has the opportunity to expand from automating individual tasks to orchestrating entire end-to-end workflows. Basically, UiPath can build on existing deployments rather than starting from scratch. Every additional workflow that becomes economically viable to automate creates another potential expansion opportunity. The bigger the agentic automation opportunity becomes, the more valuable UiPath’s existing footprint will become.