Company: PATH
Filing Date: 2025-12-08
Form Type: 10-Q
Source: 0001734722-25-000050
Chunk: 31

Company: UiPath, Inc.
Filing Date: 2025-12-08
Form: 10-Q
Item: Part I, Item 1
Chunk 31
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% of our total revenues for the nine months ended October 31, 2025 and 2024, respectively.Deferred RevenueDuring the nine months ended October 31, 2025 and 2024, we recognized $473.8 million and $421.7 million of revenue that was included in the deferred revenue balance as of January 31, 2025 and 2024, respectively.Remaining Performance ObligationsOur remaining performance obligations are comprised of licenses, subscription services, and professional services not yet delivered. As of October 31, 2025, the aggregate amount of the transaction price allocated to remaining performance obligations was $1,264.6 million, which consists of $633.2 million of billed consideration and $631.4 million of unbilled consideration. We expect to recognize 66% of our remaining performance obligations as revenue over the next 12 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. Amortization of deferred contract acquisition costs was $26.9 million and $23.6 million for the three months ended October 31, 2025, and 2024, respectively, and $71.1 million and $63.0 million for the nine months ended October 31, 2025 and 2024, respectively, and is recorded in sales and marketing expense in the condensed consolidated statements of operations.

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

4. Marketable Securities

The following is a summary of our marketable securities (in thousands): As of October 31, 2025Amortized CostGross Unrealized GainsGross Unrealized LossesEstimated Fair ValueTreasury bills and U.S. government securities(1)$599,844 $321 $— $600,165 Corporate bonds163,381 — (96)163,285 Commercial paper(2)9,792 8 — 9,800 Yankee bonds2,889 — (4)2,885 Total marketable securities$775,906 $329 $(100)$776,135 (1) Additional treasury bills with both amortized cost and estimated fair value of $24.0 million are included in cash and cash equivalents due to their original maturities of three months or