Company: PATH
Filing Date: 2025-03-24
Form Type: 10-K
Source: 0001734722-25-000007
Chunk: 47

Company: UiPath, Inc.
Filing Date: 2025-03-24
Form: 10-K
Item: Item 8
Chunk 47
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11,894 Cost of professional services and other revenue11,386 10,958 11,855 Sales and marketing134,646 144,863 154,922 Research and development132,757 117,965 102,546 General and administrative59,961 83,419 88,623 Total$358,151 $371,955 $369,840 

14Income TaxesThe U.S. and foreign components of loss before income taxes are as follows for the periods presented (in thousands):Year Ended January 31,202520242023U.S.$(136,507)$(168,587)$(273,467)Foreign58,407 92,772 (44,094)Loss before income taxes$(78,100)$(75,815)$(317,561)The components of the provision for income taxes are as follows for the periods presented (in thousands):Year Ended January 31,202520242023Current expense (benefit)Federal$— $(106)$213 State586 (166)493 Foreign14,802 13,786 9,224 Total current expense15,388 13,514 9,930 Deferred expense (benefit)Federal593 — — State— — — Foreign(20,387)554 861 Total deferred (benefit) expense$(19,794)$554 $861 Total (benefit from) provision for income taxes$(4,406)$14,068 $10,791 

110

UiPath, Inc.Notes to Consolidated Financial Statements 

The following is a reconciliation of the statutory federal income tax rate to our effective tax rate for the periods presented:Year Ended January 31,202520242023Federal statutory income tax rate21.0 %21.0 %21.0 %Foreign taxes(11.6)(2.0)(2.2)Non-deductible expenses(9.5)(17.9)(2.1)Stock-based compensation(25.0)(4.6)(10.8)Valuation allowance62.2 (5.7)(12.3)Research and development credits14.7 18.9 3.3 Cross border tax law(44.6)(27.4)— Other, net(1.6)(0.9)(0.3)Effective income tax rate5.6 %(18.