Company: PATH
Filing Date: 2025-12-08
Form Type: 10-Q
Source: 0001734722-25-000050
Chunk: 111

Company: UiPath, Inc.
Filing Date: 2025-12-08
Form: 10-Q
Item: Part I, Item 8
Chunk 111
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 %83 %82 %Operating expenses:Sales and marketing44 %53 %45 %56 %Research and development23 %27 %26 %28 %General and administrative13 %14 %14 %18 %Total operating expenses80 %94 %85 %102 %Operating income (loss)3 %(12)%(2)%(20)%Interest income3 %3 %3 %4 %Other (expense) income, net— %2 %— %3 %Income (loss) before income taxes6 %(7)%1 %(13)%Benefit from income taxes(42)%(4)%(15)%(1)%Net income (loss)48 %(3)%16 %(12)%

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Comparison of the Three Months Ended October 31, 2025 and 2024

Revenue

Three Months Ended October 31,20252024ChangeChange %(dollars in thousands)Licenses$150,043 $137,174 $12,869 9 %Subscription services247,573 206,922 40,651 20 %Professional services and other13,497 10,557 2,940 28 %Total revenue$411,113 $354,653 $56,460 16 %

Total revenue increased by $56.5 million, or 16%, for the three months ended October 31, 2025 compared to the three months ended October 31, 2024, primarily due to a $40.7 million increase in subscription services revenue and a $12.9 million increase in licenses revenue. Total revenue grew across all geographical regions. Of the growth in total revenue, 14% was attributable to new customers and 86% 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 October 31,   20252024ChangeChange % (dollars in thousands)Licenses$1,311 $2,340 $(1,029)(44)%Subscription services40,121 43,487 (3,366)(8)%Professional services and other27,380 17,936