Company: PATH
Filing Date: 2025-09-08
Form Type: 10-Q
Source: 0001734722-25-000043
Chunk: 52

Company: UiPath, Inc.
Filing Date: 2025-09-08
Form: 10-Q
Item: Part I, Item 1
Chunk 52
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 business activities as one operating and reportable segment. Because the assets of our single reportable segment are presented as total assets on our condensed consolidated balance sheets, no other measure of segment assets is regularly provided to the CODM. Net income (loss), as reported on our condensed 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.

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

Significant Segment ExpensesRevenue is reduced by significant expenses regularly provided to the CODM, as well as other segment items, to arrive at net income (loss) for the periods presented as follows (in thousands):Three Months Ended July 31,Six Months Ended July 31,2025202420252024Revenue$361,728 $316,253 $718,352 $651,365 Significant segment expenses:Adjusted cost of licenses(1)949 1,574 1,977 3,331 Adjusted cost of subscription services(1)(2)(3)(4)33,424 37,264 66,809 68,972 Adjusted cost of professional services and other(2)(3)(4)22,541 14,230 43,907 27,664 Adjusted sales and marketing(1)(2)(3)(4)140,907 148,011 274,098 290,159 Adjusted research and development(2)(3)(4)61,525 63,810 121,710 119,641 Adjusted general and administrative(1)(2)(3)(4)(5)(6)40,089 44,910 77,942 84,779 Other segment items(7)68,716 100,342 169,300 187,465 Amortization of acquired intangible assets2,254 1,751 3,662 3,779 Interest income(12,004)(13,370)(24,652)(27,200)Provision for income taxes1,743 3,828 4,570 7,608 Net income (loss)$1,584 $(86,097)$(20,971)$(114,833)(1) Excludes amortization of acquired intangible assets(2) Excludes stock-based compensation(3) Excludes employer payroll