Company: PATH
Filing Date: 2025-12-08
Form Type: 10-Q
Source: 0001734722-25-000050
Chunk: 78

Company: UiPath, Inc.
Filing Date: 2025-12-08
Form: 10-Q
Item: Part I, Item 8
Chunk 78
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 31,2025202420252024Revenue$411,113 $354,653 $1,129,465 $1,006,018 Significant segment expenses:Adjusted cost of licenses(1)1,060 1,518 3,037 4,849 Adjusted cost of subscription services(1)(2)(3)(4)35,840 37,791 102,649 106,763 Adjusted cost of professional services and other(2)(3)(4)24,999 14,980 68,906 42,644 Adjusted sales and marketing(1)(2)(3)(4)156,263 151,881 430,361 442,040 Adjusted research and development(2)(3)(4)64,276 62,341 185,986 181,982 Adjusted general and administrative(1)(2)(3)(4)(5)(6)40,897 36,421 118,839 121,200 Other segment items(7)72,637 83,505 241,937 270,970 Amortization of acquired intangible assets2,250 1,770 5,912 5,549 Interest income(11,701)(10,055)(36,353)(37,255)Benefit from income taxes(174,247)(14,844)(169,677)(7,236)Net income (loss)$198,839 $(10,655)$177,868 $(125,488)(1) Excludes amortization of acquired intangible assets(2) Excludes stock-based compensation(3) Excludes employer payroll tax on employee equity transactions(4) Excludes restructuring costs(5) Excludes charitable donation of Class A common stock(6) Excludes change in fair value of contingent consideration(7) Other segment items include stock-based compensation expense; employer payroll tax expense related to employee equity transactions; restructuring costs; charitable donation of Class A common stock; change in fair value of contingent consideration; and other income (expense), net, as applicable.Recently Issued Accounting PronouncementsIn December 2023, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("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