Company: PATH
Filing Date: 2025-06-03
Form Type: 10-Q
Source: 0001734722-25-000030
Chunk: 115

Company: UiPath, Inc.
Filing Date: 2025-06-03
Form: 10-Q
Item: Part I, Item 2
Chunk 115
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 profit82 %83 %Operating expenses:Sales and marketing45 %53 %Research and development27 %26 %General and administrative15 %19 %Total operating expenses87 %98 %Operating loss(5)%(15)%Interest income4 %4 %Other (expense) income, net(4)%3 %Loss before income taxes(5)%(8)%Provision for income taxes1 %1 %Net loss(6)%(9)%

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Comparison of the Three Months Ended April 30, 2025 and 2024

Revenue

Three Months Ended April 30,20252024ChangeChange %(dollars in thousands)Licenses$128,286 $140,128 $(11,842)(8)%Subscription services217,303 185,131 32,172 17 %Professional services and other11,035 9,853 1,182 12 %Total revenue$356,624 $335,112 $21,512 6 %

Total revenue increased by $21.5 million, or 6%, for the three months ended April 30, 2025 compared to the three months ended April 30, 2024, primarily due to a $32.2 million increase in subscription services revenue, partially offset by an $11.8 million decrease in licenses revenue related in part to the transition to our Flex Offerings. As we continued to expand our sales efforts in the U.S. and internationally, total revenue grew across all regions. Of the growth in total revenue, 43% was attributable to new customers and 57% 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 April 30,   20252024ChangeChange % (dollars in thousands)Licenses$1,268 $2,601 $(1,333)(51)%Subscription services38,468 36,754 1,714 5 %Professional services and other24,121 15,970 8,151 51 %Total cost of revenue$63,857 $55,325 $8,532 15 %Gross margin82 %83