Table of Contents
PART I—FINANCIAL INFORMATION
Item 1. Financial Statements (Unaudited).
UiPath, Inc.
Condensed Consolidated Balance Sheets
Amounts in thousands except per share data
(unaudited)
As of
April 30,
2024
January 31,
2024
ASSETS
Current assets
Cash and cash equivalents $ 1,146,618 $ 1,061,678
Restricted cash 438 438
Marketable securities 788,920 818,145
Accounts receivable, net of allowance for credit losses of $1,827 and $1,119, respectively 270,621 436,296
Contract assets 88,146 84,197
Deferred contract acquisition costs 76,309 74,678
Prepaid expenses and other current assets 98,146 104,980
Total current assets 2,469,198 2,580,412
Marketable securities, non-current 962 —
Contract assets, non-current 9,960 6,214
Deferred contract acquisition costs, non-current 145,175 154,317
Property and equipment, net 22,741 23,982
Operating lease right-of-use assets 60,458 56,072
Intangible assets, net 12,577 14,704
Goodwill 88,384 89,026
Deferred tax assets 3,900 4,678
Other assets, non-current 31,621 25,353
Total assets $ 2,844,976 $ 2,954,758
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
Accounts payable $ 6,864 $ 3,447
Accrued expenses and other current liabilities 84,793 83,997
Accrued compensation and employee benefits 40,663 137,442
Deferred revenue 465,216 486,805
Total current liabilities 597,536 711,691
Deferred revenue, non-current 150,934 161,027
Operating lease liabilities, non-current 62,772 58,713
Other liabilities, non-current 6,730 7,213
Total liabilities 817,972 938,644
Commitments and contingencies (Note 9)
Stockholders' equity
Preferred stock, $0.00001 par value per share, 20,000 shares authorized; none issued and outstanding — —
Class A common stock, $0.00001 par value per share, 2,000,000 shares authorized; 496,893 and 492,660 shares issued; 490,115 and
486,820 shares outstanding, respectively 5 5
Class B common stock, $0.00001 par value per share, 115,741 shares authorized; 82,453 shares issued and outstanding 1 1
Treasury stock, at cost, 6,778 and 5,840 shares, respectively (124,620) (102,615)
Additional paid-in capital 4,089,795 4,024,079
Accumulated other comprehensive income 4,740 8,825
Accumulated deficit (1,942,917) (1,914,181)
Total stockholders’ equity 2,027,004 2,016,114
Total liabilities and stockholders’ equity $ 2,844,976 $ 2,954,758
The accompanying notes are an integral part of these condensed consolidated financial statements.
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