Company: PATH
Filing Date: 2025-06-03
Form Type: 10-Q
Source: 0001734722-25-000030
Chunk: 25

Company: UiPath, Inc.
Filing Date: 2025-06-03
Form: 10-Q
Item: Part I, Item 1
Chunk 25
---
 our condensed consolidated balance sheets, no other measure of segment assets is regularly provided to the CODM. Net (loss) income, as reported on our condensed consolidated statements of operations, is one of the measures of segment profit or loss used by our CODM to evaluate performance relative to plan, make resource allocation decisions, and monitor profitability trends.

7

Table of ContentsUiPath, Inc.Notes to Condensed Consolidated Financial Statements (Continued)(unaudited)

Significant Segment ExpensesRevenue is reduced by significant expenses regularly provided to the CODM, as well as other segment items, to arrive at net loss for the periods presented as follows (in thousands):Three Months Ended April 30,20252024Revenue$356,624 $335,112 Significant segment expenses:Adjusted cost of licenses(1)1,028 1,757 Adjusted cost of subscription services(1)(2)(3)(4)33,385 31,708 Adjusted cost of professional services and other(2)(3)21,366 13,434 Adjusted sales and marketing(1)(2)(3)(4)133,191 142,148 Adjusted research and development(2)(3)(4)60,185 55,831 Adjusted general and administrative(1)(2)(3)(4)(5)37,853 39,869 Other segment items(6)100,584 87,123 Amortization of acquired intangible assets1,408 2,028 Interest income(12,648)(13,830)Provision for income taxes2,827 3,780 Net loss$(22,555)$(28,736)(1) Excludes amortization of acquired intangible assets(2) Excludes stock-based-compensation(3) Excludes employer payroll tax on employee equity transactions(4) Excludes restructuring costs(5) Excludes charitable donation of Class A common stock(6) Other segment items include stock-based compensation expense; employer payroll tax expense related to employee equity transactions; restructuring costs; charitable donation of Class A common stock; and other (expense) income, net.Recently Issued Accounting PronouncementsIn December 2023, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. ASU No. 2023-09 will require additional tax disclosures, predominantly related to the effective