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

Company: UiPath, Inc.
Filing Date: 2025-03-24
Form: 10-K
Item: Item 8
Chunk 24
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 net loss position.In a period of net income, diluted net income per share would be calculated by giving effect to all potentially dilutive securities outstanding for the period (including unvested RSUs and unexercised stock options under our equity incentive plans, outstanding purchase periods under our ESPP, unvested restricted stock awards and early exercised options subject to repurchase, and returnable common stock issued in connection with business acquisitions) using the treasury stock method.All potentially dilutive common stock equivalents were anti-dilutive in fiscal years 2025, 2024, and 2023, as we were in a net loss position for these periods.Segment InformationOur chief operating decision maker, or CODM, is our CEO. (From the second quarter of fiscal year 2023 through the second quarter of fiscal year 2025, our Co-CEOs acted together as CODM.) The CODM reviews financial information at the consolidated level and manages business activities as one operating and reportable segment. Because the assets of our single reportable segment are presented as total assets on our consolidated balance sheets, no other measure of segment assets is regularly provided to the CODM. Net (loss) income, as reported on our 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.Significant Segment ExpensesRevenue (the sources of which are described under the heading "Revenue Recognition," above) 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):

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UiPath, Inc.Notes to Consolidated Financial Statements 

Year Ended January 31,202520242023Revenue$1,429,664 $1,308,072 $1,058,581 Significant segment expenses:Adjusted cost of licenses(1)5,818 7,098 7,667 Adjusted cost of subscription services(1)(2)(3)(4)142,654 94,265 73,207 Adjusted cost of professional services and other(2)(3)(4)59,068 62,248 69,436 Adjusted sales and marketing(1)(2)(3)(4)583,898 560,009 520,387 Adjusted research and development(2)(3)4)242,679 210,722 181,018 Adjusted general and administrative(