Company: PATH
Filing Date: 2025-06-03
Form Type: 10-Q
Source: 0001734722-25-000030
Chunk: 45

Company: UiPath, Inc.
Filing Date: 2025-06-03
Form: 10-Q
Item: Part I, Item 1
Chunk 45
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 pricing model, one between the U.S. and Romania, and one between Japan and Romania. These negotiations are still underway, the authorities are in the process of determining the cost sharing allocations between the respective countries, and the ultimate outcomes remain uncertain. On December 20, 2021, the Organization for Economic Co-operation and Development ("OECD") published the Pillar Two Model Rules defining the global minimum tax for multinational enterprises with an annual revenue above €750.0 million. The OECD has since issued administrative guidance providing transition and safe harbor rules around the implementation of the Pillar Two global minimum tax. We have assessed the impact of the Pillar Two rules and included the impact when calculating estimated annual effective tax rate for the current year.

14. Net Loss Per Share

The following table sets forth the computation of basic and diluted net loss per share for the periods presented (in thousands except per share amounts):Three Months Ended April 30,20252024Class AClass BClass AClass BNumerator:Net loss$(19,277)$(3,278)$(24,579)$(4,157)Denominator:Weighted-average shares used in computing net loss per share, basic and diluted468,751 79,700 487,472 82,453 Net loss per share, basic and diluted$(0.04)$(0.04)$(0.05)$(0.05)

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

Anti-dilutive common stock equivalents excluded from the computation of diluted net loss per share were as follows (in thousands):Three Months Ended April 30,20252024Class AClass BClass AClass BUnvested RSUs25,881 — 32,230 — Outstanding stock options8,830 — 10,946 — Shares issuable under ESPP1,043 — 690 — Unvested PSUs205 — — — Returnable shares issued in connection with business acquisition136 — 274 — Shares subject to repurchase from RSAs and early exercised stock options— — 28 — Total36,095 — 44,168 — 

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Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

The following discussion and analysis of our financial condition and results of operations should be read in conjunction with our unaudited condensed