UiPath Files Q2 2024 10-Q with Revenue Details

TL;DR

UiPath Q2 10-Q filed. Revenue details for license and subscription services are in.

AI Summary

UiPath, Inc. filed its 10-Q for the period ending July 31, 2024. The company reported revenue from its license and subscription services segments. Specific financial figures for these segments and the overall company performance are detailed within the filing.

Why It Matters

This filing provides investors with the latest financial performance data for UiPath, Inc., crucial for understanding the company's growth trajectory and operational health in the automation software market.

Risk Assessment

Risk Level: medium — The filing contains standard financial disclosures for a public company, but the nature of software revenue recognition and market competition introduces inherent business risks.

Key Numbers

• 2025 Q2 — Fiscal Quarter (Reporting period)
• 01-31 — Fiscal Year End (Company's fiscal year end)

Key Players & Entities

• UiPath, Inc. (company) — Filer of the 10-Q
• 20240731 (date) — End of the reporting period
• 20240906 (date) — Filing date

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-20240731.htm (10-Q) — 1603KB
• path-20240731xexx311.htm (EX-31.1) — 10KB
• path-20240731xexx312.htm (EX-31.2) — 10KB
• path-20240731xexx321.htm (EX-32.1) — 4KB
• path-20240731xexx322.htm (EX-32.2) — 5KB
• path-20240731_g1.jpg (GRAPHIC) — 7KB
• 0001734722-24-000051.txt ( ) — 8017KB
• path-20240731.xsd (EX-101.SCH) — 46KB
• path-20240731_cal.xml (EX-101.CAL) — 85KB
• path-20240731_def.xml (EX-101.DEF) — 278KB
• path-20240731_lab.xml (EX-101.LAB) — 672KB
• path-20240731_pre.xml (EX-101.PRE) — 477KB
• path-20240731_htm.xml (XML) — 1153KB

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 6 Notes to Condensed Consolidated Financial Statements 7 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 24 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 40 Item 4.

Controls and Procedures

Controls and Procedures 41 PART II. OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 42 Item 1A.

Risk Factors

Risk Factors 42 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 43 Item 3. Defaults Upon Senior Securities 44 Item 4. Mine Safety Disclosures 44 Item 5. Other Information 45 Item 6. Exhibits 46

Signatures

Signatures 47 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 July 31, 2024 January 31, 2024 ASSETS Current assets Cash and cash equivalents $ 939,313 $ 1,061,678 Restricted cash 438 438 Marketable securities 804,061 818,145 Accounts receivable, net of allowance for credit losses of $ 2,164 and $ 1,119 , respectively 267,706 436,296 Contract assets 101,107 84,197 Deferred contract acquisition costs 76,653 74,678 Prepaid expenses and other current assets 85,056 104,980 Total current assets 2,274,334 2,580,412 Contract assets, non-current 9,232 6,214 Deferred contract acquisition costs, non-current 146,564 154,317 Property and equipment, net 22,040 23,982 Operating lease right-of-use assets 71,033 56,072 Intangible assets, net 11,025 14,704 Goodwill 89,530 89,026 Deferred tax assets 3,763 4,678 Other assets, non-current 73,812 25,353 Total assets $ 2,701,333 $ 2,954,758 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Accounts payable $ 9,910 $ 3,447 Accrued expenses and other current liabilities 82,640 83,997 Accrued compensation and employee benefits 77,444 137,442 Deferred revenue 462,509 486,805 Total current liabilities 632,503 711,691 Deferred revenue, non-current 150,346 161,027 Operating lease liabilities, non-current 78,166 58,713 Other liabilities, non-current 6,737 7,213 Total liabilities 867,752 938,644 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; 501,162 and 492,660 shares issued; 478,058 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 stock, at cost, 23,104 and 5,840 shares, respec

View Full Filing

View this 10-Q filing on SEC EDGAR