Company: PATH
Filing Date: 2025-03-24
Form Type: 10-K
Source: 0001734722-25-000007
Chunk: 271

Company: UiPath, Inc.
Filing Date: 2025-03-24
Form: 10-K
Item: Item 7
Chunk 271
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 and deferred revenue balances during the periods presented were as follows (in thousands):Year Ended January 31,Contract Assets20252024Beginning balance$90,411 $75,783 Contract assets recognized during the year88,862 84,180 Amounts transferred to accounts receivable from unbilled accounts receivable presented at the beginning of the year(84,197)(69,260)Translation adjustments(2,894)(292)Ending balance$92,182 $90,411 Contract assets, current$88,735 $84,197 Contract assets, non-current3,447 6,214 Total contract assets$92,182 $90,411 

94

UiPath, Inc.Notes to Consolidated Financial Statements 

Year Ended January 31,Deferred Revenue20252024Beginning balance$647,832 $520,031 Additions to deferred revenue during the year1,410,482 1,364,473 Revenue recognized that was included in deferred revenue at the beginning of the period(486,805)(398,334)Revenue recognized that was not included in deferred revenue at the beginning of the period(855,330)(828,668)Translation adjustments(10,872)(9,670)Ending balance$705,307 $647,832 Deferred revenue, current$569,464 $486,805 Deferred revenue, non-current135,843 161,027 Total deferred revenue$705,307 $647,832 Remaining Performance ObligationsOur remaining performance obligations are comprised of licenses, subscription services, and professional services not yet delivered. As of January 31, 2025, the aggregate amount of the transaction price allocated to remaining performance obligations was $1,242.6 million, which consists of $705.3 million of billed consideration and $537.3 million of unbilled consideration. We expect to recognize 65% of our remaining performance obligations as revenue over the next twelve months, and the remainder thereafter.Deferred Contract Acquisition CostsOur deferred contract acquisition costs are comprised of sales commissions that represent incremental costs to obtain customer contracts, and are determined based on sales compensation plans. The following table represents a rollforward of our deferred contract acquisition costs (in thousands):Year Ended January 31,20252024Beginning balance$228,995 $187,503 Additions to deferred contract acquisition costs89,124 118,844 Amortization of deferred contract acquisition costs(92,089)(75