Company: PATH
Filing Date: 2025-06-03
Form Type: 10-Q
Source: 0001734722-25-000030
Chunk: 94

Company: UiPath, Inc.
Filing Date: 2025-06-03
Form: 10-Q
Item: Part I, Item 8
Chunk 94
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 Sales and marketing23,586 36,216 Research and development34,595 29,142 General and administrative11,578 16,623 Total stock-based compensation expense$76,361 $88,727 (3) Includes employer payroll tax expense related to equity transactions as follows:Cost of subscription services revenue$70 $177 Cost of professional services and other revenue27 66 Sales and marketing447 1,223 Research and development390 630 General and administrative127 415 Total employer payroll tax expense related to equity transactions$1,061 $2,511 (4) Includes restructuring expense as follows:Cost of subscription services revenue$458 $— Sales and marketing1,981 — Research and development(331)— General and administrative903 — Total restructuring expense$3,011 $— 

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 Three Months Ended April 30, 20252024 (as a percentage of revenue)Revenue:  Licenses36 %42 %Subscription services61 %55 %Professional services and other3 %3 %Total revenue100 %100 %Cost of revenue:Licenses— %1 %Subscription services11 %11 %Professional services and other7 %5 %Total cost of revenue18 %17 %Gross profit82 %83 %Operating expenses:Sales and marketing45 %53 %Research and development27 %26 %General and administrative15 %19 %Total operating expenses87 %98 %Operating loss(5)%(15)%Interest income4 %4 %Other (expense) income, net(4)%3 %Loss before income taxes(5)%(8)%Provision for income taxes1 %1 %Net loss(6)%(9)%

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Comparison of the Three Months Ended April 30, 2025 and 2024

Revenue

Three Months Ended April 30,20252024ChangeChange %(dollars in thousands)Licenses$128,286 $140,128 $(11,842)(8)%Subscription services217,303 185,131 32,172 17 %Professional services and other11,035 9,853 1,182 12 %Total revenue$356,624 $335,112 $21,512 6 %

Total revenue increased by $21.5