Company: PATH
Filing Date: 2025-03-24
Form Type: 10-K
Source: 0001734722-25-000007
Chunk: 89

Company: UiPath, Inc.
Filing Date: 2025-03-24
Form: 10-K
Item: Item 8
Chunk 89
---
100 %$1,308,072 100 %$1,058,581 100 %(1)Revenue from the U.S. represented 44%, 43%, and 46% of our total revenues for fiscal years 2025, 2024, and 2023, respectively.(2)Revenue from Japan represented 9%, 9%, and 10% of our total revenues for fiscal years 2025, 2024, and 2023, respectively.Contract BalancesSignificant changes in our contract assets and deferred revenue balances during the periods presented were as follows (in thousands):Year Ended January 31,Contract Assets20252024Beginning balance$90,411 $75,783 Contract assets recognized during the year88,862 84,180 Amounts transferred to accounts receivable from unbilled accounts receivable presented at the beginning of the year(84,197)(69,260)Translation adjustments(2,894)(292)Ending balance$92,182 $90,411 Contract assets, current$88,735 $84,197 Contract assets, non-current3,447 6,214 Total contract assets$92,182 $90,411 

94

UiPath, Inc.Notes to Consolidated Financial Statements 

Year Ended January 31,Deferred Revenue20252024Beginning balance$647,832 $520,031 Additions to deferred revenue during the year1,410,482 1,364,473 Revenue recognized that was included in deferred revenue at the beginning of the period(486,805)(398,334)Revenue recognized that was not included in deferred revenue at the beginning of the period(855,330)(828,668)Translation adjustments(10,872)(9,670)Ending balance$705,307 $647,832 Deferred revenue, current$569,464 $486,805 Deferred revenue, non-current135,843 161,027 Total deferred revenue$705,307 $647,832 Remaining Performance ObligationsOur remaining performance obligations are comprised of licenses, subscription services, and professional services not yet delivered. As of January 31, 2025, the aggregate amount of the transaction price allocated to remaining performance obligations was $1,242.6 million, which consists of $705.3 million of billed consideration and $537.3 million of unbilled consideration. We expect to recognize 65% of our remaining performance obligations as