Company: PATH
Filing Date: 2025-09-08
Form Type: 10-Q
Source: 0001734722-25-000043
Chunk: 9

Company: UiPath, Inc.
Filing Date: 2025-09-08
Form: 10-Q
Item: Part I, Item 2
Chunk 9
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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)%

33

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 $1.9 million increase in professional services and other revenue. Total revenue grew across all geographical regions. Of the growth in total revenue, 29% was attributable to new customers and 71% was attributable to existing customers. Subscription services revenue is recognized ratably over the subscription term; therefore, the increase in subscription services revenue is driven both by sales in prior periods for which we continue to provide maintenance and support and SaaS and by new sales in the current period.

Cost of Revenue and Gross Margin

 Three Months Ended July 31,   20252024ChangeChange % (dollars in thousands)Licenses$1,200