UiPath Files Q1 FY25 10-Q with Revenue Details

TL;DR

**UiPath Q1 FY25 10-Q filed. Revenue breakdown available. Check financials.**

AI Summary

UiPath, Inc. filed its 10-Q for the period ending April 30, 2024. The company reported financial results for the first quarter of fiscal year 2025, detailing revenues from licenses, subscription services, and professional services. Key financial metrics and balance sheet information were disclosed.

Why It Matters

This filing provides investors with the latest financial performance data for UiPath, a key player in the automation software market, impacting investment decisions.

Risk Assessment

Risk Level: medium — As a public company in the tech sector, UiPath faces ongoing market, competition, and execution risks detailed in its SEC filings.

Key Numbers

• 2024-02-01 to 2024-04-30 — Q1 FY25 Period (Reporting period for the current quarter's financial data.)
• 2023-02-01 to 2023-04-30 — Q1 FY24 Period (Reporting period for the prior year's comparable quarter.)

Key Players & Entities

• UiPath, Inc. (company) — Filer of the 10-Q report
• 20240430 (date) — End of the reporting period
• 20240603 (date) — Filing date of the report
• 0001734722 (company) — CIK for UiPath, Inc.

FAQ

Key Financial Figures

• $0.00001 — stered Class A common stock, par value $0.00001 per share PATH New York Stock Exchange

Filing Documents

• path-20240430.htm (10-Q) — 1178KB
• uipathadvisoryagreement-re.htm (EX-10.1) — 39KB
• path-20240430xexx311.htm (EX-31.1) — 10KB
• path-20240430xexx312.htm (EX-31.2) — 10KB
• path-20240430xexx321.htm (EX-32.1) — 4KB
• path-20240430xexx322.htm (EX-32.2) — 4KB
• image_0a.jpg (GRAPHIC) — 32KB
• path-20240430_g1.jpg (GRAPHIC) — 7KB
• 0001734722-24-000039.txt ( ) — 6555KB
• path-20240430.xsd (EX-101.SCH) — 44KB
• path-20240430_cal.xml (EX-101.CAL) — 84KB
• path-20240430_def.xml (EX-101.DEF) — 252KB
• path-20240430_lab.xml (EX-101.LAB) — 552KB
• path-20240430_pre.xml (EX-101.PRE) — 397KB
• path-20240430_htm.xml (XML) — 867KB

Financial Statements (Unaudited)

Financial Statements (Unaudited) 1 Condensed Consolidated Balance Sheets 1 Condensed Consolidated Statements of Operations 2 Condensed Consolidated Statements of Comprehensive Loss 3 Condensed Consolidated Statements of Stockholders' Equity 4 Condensed Consolidated Statements of Cash Flows 5 Notes to Condensed Consolidated Financial Statements 6 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 20 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 32 Item 4.

Controls and Procedures

Controls and Procedures 32 PART II. OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 34 Item 1A.

Risk Factors

Risk Factors 34 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 35 Item 3. Defaults Upon Senior Securities 35 Item 4. Mine Safety Disclosures 35 Item 5. Other Information 35 Item 6. Exhibits 36

Signatures

Signatures 37 Table of Contents SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), about UiPath, Inc. and its consolidated subsidiaries ("UiPath," the "Company," "we," "us," or "our") and our industry that involve substantial risks and uncertainties. All statements other than statements of historical fact contained in this Quarterly Report on Form 10-Q, including statements regarding our future results of operations or financial condition, business strategy, and plans and objectives of management for future operations, are forward-looking statements. In some cases, forward-looking statements can be identified because they contain words such as "anticipate," "believe," "contemplate," "continue," "could," "estimate," "expect," "intend," "may," "plan," "possible," "potential," "predict," "project," "should," "target," "will," or "would," or the negative of these words or other similar terms or expressions. These forward-looking statements include, but are not limited to, statements concerning the following: our expectations regarding our revenue, annualized renewal run-rate ("ARR"), expenses, and other operating results; our ability to effectively manage our growth and achieve or sustain profitability; our ability to acquire new customers and successfully retain existing customers; the ability of the UiPath Business Automation Platform to satisfy and adapt to customer demands and our ability to increase its adoption; our ability to grow our platform and release new functionality in a timely manner; future investments in our business, our anticipated capital expenditures, and our estimates regarding our capital requirements; the costs and success of our marketing efforts and our ability to evolve and en

—FINANCIAL INFORMATION

PART I—FINANCIAL INFORMATION

Financial Statements (Unaudited)

Item 1. Financial Statements (Unaudited). UiPath, Inc. Condensed Consolidated Balance Sheets Amounts in thousands except per share data (unaudited) As of April 30, 2024 January 31, 2024 ASSETS Current assets Cash and cash equivalents $ 1,146,618 $ 1,061,678 Restricted cash 438 438 Marketable securities 788,920 818,145 Accounts receivable, net of allowance for credit losses of $ 1,827 and $ 1,119 , respectively 270,621 436,296 Contract assets 88,146 84,197 Deferred contract acquisition costs 76,309 74,678 Prepaid expenses and other current assets 98,146 104,980 Total current assets 2,469,198 2,580,412 Marketable securities, non-current 962 — Contract assets, non-current 9,960 6,214 Deferred contract acquisition costs, non-current 145,175 154,317 Property and equipment, net 22,741 23,982 Operating lease right-of-use assets 60,458 56,072 Intangible assets, net 12,577 14,704 Goodwill 88,384 89,026 Deferred tax assets 3,900 4,678 Other assets, non-current 31,621 25,353 Total assets $ 2,844,976 $ 2,954,758 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Accounts payable $ 6,864 $ 3,447 Accrued expenses and other current liabilities 84,793 83,997 Accrued compensation and employee benefits 40,663 137,442 Deferred revenue 465,216 486,805 Total current liabilities 597,536 711,691 Deferred revenue, non-current 150,934 161,027 Operating lease liabilities, non-current 62,772 58,713 Other liabilities, non-current 6,730 7,213 Total liabilities 817,972 938,644 Commitments and contingencies (Note 9) Stockholders' equity Preferred stock, $ 0.00001 par value per share, 20,000 shares authorized; none issued and outstanding — — Class A common stock, $ 0.00001 par value per share, 2,000,000 shares authorized; 496,893 and 492,660 shares issued; 490,115 and 486,820 shares outstanding, respectively 5 5 Class B common stock, $ 0.00001 par value per share, 115,741 shares authorized; 82,453 shares issued and outstanding 1 1 Treasury stoc

View Full Filing

View this 10-Q filing on SEC EDGAR