Company: PATH
Filing Date: 2025-03-24
Form Type: 10-K
Source: 0001734722-25-000007
Chunk: 26

Company: UiPath, Inc.
Filing Date: 2025-03-24
Form: 10-K
Item: Item 8
Chunk 26
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.Recently Adopted Accounting PronouncementsIn November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. ASU No. 2023-07 is intended to improve reportable segments disclosures requirements, primarily through enhanced disclosures about significant segment expenses. We adopted ASU No. 

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UiPath, Inc.Notes to Consolidated Financial Statements 

2023-07 as of January 31, 2025 and have included the relevant disclosures under the heading "Segment Information" above.Recently Issued Accounting PronouncementsIn December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. ASU No. 2023-09 will require additional tax disclosures, predominantly related to the effective income tax rate reconciliation and income taxes paid. ASU No. 2023-09 will be effective for us for annual periods beginning after December 15, 2024. Early adoption is permitted. We are currently evaluating the impact of this pronouncement on our consolidated financial statements.In November 2024, the FASB issued ASU No. 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures. ASU No. 2024-03 requires additional disclosure on specific expense categories included in the expense captions presented on the statements of operations, and may be applied prospectively or retrospectively. ASU No. 2024-03 is effective for annual reporting periods beginning after December 15, 2026 and for interim reporting periods beginning after December 15, 2027. Early adoption is permitted. We are currently evaluating the impact of this pronouncement on our consolidated financial statements.

3Revenue RecognitionDisaggregation of RevenueThe following table summarizes revenue by geographical region (dollars in thousands):Year Ended January 31,202520242023AmountPercentage ofRevenueAmountPercentage ofRevenueAmountPercentage ofRevenueAmericas(1)$695,053 49 %$631,923 48 %$529,060 50 %Europe, Middle East, and Africa457,703 32 %415,915 32 %301,036 28 %Asia-Pacific(2)276,908 19 %260,234 20 %228,485 22 %Total revenue$1,429,664