UiPath Q3 2024 10-Q Filed

TL;DR

UiPath 10-Q is in! Check Q3 revenue for licenses & subscriptions.

AI Summary

UiPath, Inc. filed its 10-Q for the period ending October 31, 2024. The company reported revenue from License and Subscription Services for the third quarter and the first nine months of fiscal years 2024 and 2023. Specific financial figures for these periods 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 revenue streams and operational progress in the automation software sector.

Risk Assessment

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

Key Numbers

• 2024 Q3 — Reporting Period (Third quarter of fiscal year 2024)
• 2024-10-31 — Period End Date (The end of the reporting period for this 10-Q filing.)
• 2024-12-09 — Filing Date (The date this 10-Q was officially filed with the SEC.)

Key Players & Entities

• UiPath, Inc. (company) — Filer of the 10-Q
• 2024-10-31 (date) — End of the reporting period
• 2024-12-09 (date) — Filing date
• 2024-01-31 (date) — Fiscal year end

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-20241031.htm (10-Q) — 1697KB
• path-20241031xexx311.htm (EX-31.1) — 10KB
• path-20241031xexx312.htm (EX-31.2) — 10KB
• path-20241031xexx321.htm (EX-32.1) — 4KB
• path-20241031xexx322.htm (EX-32.2) — 5KB
• path-20241031_g1.jpg (GRAPHIC) — 7KB
• 0001734722-24-000059.txt ( ) — 7861KB
• path-20241031.xsd (EX-101.SCH) — 45KB
• path-20241031_cal.xml (EX-101.CAL) — 86KB
• path-20241031_def.xml (EX-101.DEF) — 265KB
• path-20241031_lab.xml (EX-101.LAB) — 575KB
• path-20241031_pre.xml (EX-101.PRE) — 415KB
• path-20241031_htm.xml (XML) — 1185KB

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 43 Item 1A.

Risk Factors

Risk Factors 43 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 45 Item 3. Defaults Upon Senior Securities 45 Item 4. Mine Safety Disclosures 45 Item 5. Other Information 46 Item 6. Exhibits 47

Signatures

Signatures 48 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 t he UiPath 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 enhance our brand; o

—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 October 31, 2024 January 31, 2024 ASSETS Current assets Cash and cash equivalents $ 773,630 $ 1,061,678 Restricted cash 438 438 Marketable securities 795,411 818,145 Accounts receivable, net of allowance for credit losses of $ 2,238 and $ 1,119 , respectively 336,137 436,296 Contract assets 109,918 84,197 Deferred contract acquisition costs 79,644 74,678 Prepaid expenses and other current assets 81,300 104,980 Total current assets 2,176,478 2,580,412 Marketable securities, non-current 34,397 — Contract assets, non-current 12,618 6,214 Deferred contract acquisition costs, non-current 145,968 154,317 Property and equipment, net 25,132 23,982 Operating lease right-of-use assets 69,598 56,072 Intangible assets, net 9,331 14,704 Goodwill 89,864 89,026 Deferred tax assets 27,990 4,678 Other assets, non-current 71,915 25,353 Total assets $ 2,663,291 $ 2,954,758 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Accounts payable $ 18,426 $ 3,447 Accrued expenses and other current liabilities 93,883 83,997 Accrued compensation and employee benefits 88,794 137,442 Deferred revenue 494,370 486,805 Total current liabilities 695,473 711,691 Deferred revenue, non-current 149,361 161,027 Operating lease liabilities, non-current 76,798 58,713 Other liabilities, non-current 9,814 7,213 Total liabilities 931,446 938,644 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; 504,084 and 492,660 shares issued; 467,207 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 Treasur

View Full Filing

View this 10-Q filing on SEC EDGAR