Company: PATH
Filing Date: 2025-09-08
Form Type: 10-Q
Source: 0001734722-25-000043
Chunk: 134

Company: UiPath, Inc.
Filing Date: 2025-09-08
Form: 10-Q
Item: Part I, Item 8
Chunk 134
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 Three Months Ended July 31,Six Months Ended July 31, 2025202420252024 (as a percentage of revenue)(as a percentage of revenue)Revenue:  Licenses31 %35 %34 %39 %Subscription services66 %62 %63 %58 %Professional services and other3 %3 %3 %3 %Total revenue100 %100 %100 %100 %Cost of revenue:Licenses— %1 %— %1 %Subscription services11 %14 %11 %12 %Professional services and other7 %5 %7 %5 %Total cost of revenue18 %20 %18 %18 %Gross profit82 %80 %82 %82 %Operating expenses:Sales and marketing46 %62 %45 %57 %Research and development27 %31 %27 %28 %General and administrative15 %20 %15 %20 %Total operating expenses88 %113 %87 %105 %Operating loss(6)%(33)%(5)%(23)%Interest income3 %4 %3 %4 %Other income (expense), net3 %3 %— %3 %Income (loss) before income taxes— %(26)%(2)%(16)%Provision for income taxes— %1 %1 %1 %Net income (loss)— %(27)%(3)%(17)%

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Comparison of the Three Months Ended July 31, 2025 and 2024

Revenue

Three Months Ended July 31,20252024ChangeChange %(dollars in thousands)Licenses$112,161 $112,251 $(90)— %Subscription services238,363 194,673 43,690 22 %Professional services and other11,204 9,329 1,875 20 %Total revenue$361,728 $316,253 $45,475 14 %

Total revenue increased by $45.5 million, or 14%, for the three months ended July 31, 2025 compared to the three months ended July 31, 2024, primarily due to a $43.7 million increase in subscription services revenue and a $1.