UiPath Inc-2025年季度报告

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerginggrowth company” in Rule 12b-2 of the Exchange Act. As of May30, 2025, the registrant had457,586,105shares of Class A common stock and77,452,748shares of Class B common stock, eachwith a par value of $0.00001 per share, outstanding. Table of Contents PagePART I.FINANCIAL INFORMATIONItem 1.Financial Statements (Unaudited)1Condensed Consolidated Balance Sheets1Condensed Consolidated Statements of Operations2Condensed Consolidated Statements of ComprehensiveIncome (Loss)3Condensed Consolidated Statements of Stockholders’ Equity4Condensed Consolidated Statements of Cash Flows5Notes to Condensed Consolidated Financial Statements6Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations25Item 3.Quantitative and Qualitative Disclosures About Market Risk36Item 4.Controls and Procedures37 PART II.OTHER INFORMATIONItem 1.Legal Proceedings38Item 1A.Risk Factors38Item 2.Unregistered Sales of Equity Securities and Use of Proceeds38Item 3.Defaults Upon Senior Securities38Item 4.Mine Safety Disclosures38Item 5.Other Information39Item 6.Exhibits40Signatures41 SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q contains forward-looking statements within the meaning of Section 27A of the Securities Actof 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"),about UiPath, Inc. and its consolidated subsidiaries (“UiPath,” the “Company,” “we,” “us,” or “our”) and our industry that involvesubstantial risks and uncertainties. All statements other than statements of historical fact contained in this Quarterly Report on Form 10-Q, including statements regarding our future results of operations or financial condition, business strategy, and plans and objectives ofmanagement for future operations, are forward-looking statements. In some cases, forward-looking statements can be identified •our expectations regarding our revenue, annualized renewal run-rate ("ARR"), expenses, and other operating results;•our ability to effectively manage our growth and achieve or sustain profitability;•our ability to acquire new customers and successfully retain existing customers;•the ability of the UiPath Platform™ to satisfy and adapt to customer demands and our ability to increase its adoption;•our ability to grow our platform and release new functionality in a timely manner;•future investments in our business, our anticipated capital expenditures, and our estimates regarding our capitalrequirements;•the costs and success of our marketing efforts and our ability to evolve and enhance our brand;•our growth strategies;•the estimated addressable market opportunity for our platform and for automation in general;•our reliance on key personnel and our ability to attract, integrate, and retain highly-qualified personnel and execute These forward-looking statements should not be unduly relied upon or regarded as predictions of future events. The forward-looking statements contained in this Quarterly Report on Form 10-Q are based on our current expectations and projections about futureevents and trends that we believe may affect our business, financial condition, and operating results. The outcome of the eventsdescribed in these forward-looking statements is subject to risks, uncertainties, and other factors described in the section titled "RiskFactors" and elsewhere in our Annual Report on Form 10-K for the fiscal year ended January31, 2025 filed with the Securities and In addition, statements that “we believe,” and similar statements reflect our beliefs and opinions on the relevant subject, basedon information available to us as of the date of this Quarterly Report on Form 10-Q. While we believe such information provides areasonable basis for these statements, that information may be limited or incomplete. Our statements should not be read to indicate The forward-looking statements made in this Quarterly Report on Form 10-Q relate only to events as of the date on which thestatements are made. We undertake no obligation to update any forward-looking statements made in this Quarterly Report on Form 10-Q to reflect events or circumstances after the date of this Quarterly Report on Form 10-Q or to reflect new information or the occurrence PART I—FINANCIAL INFORMATION UiPath, Inc.Condensed Consolidated Statements of Operations UiPath, Inc.Condensed Consolidated Statements of Comprehensive Income (Loss) Supplemental disclosure of cash flow information UiPath, Inc.Notes to Condensed Consolidated Financial Statements 1.Organization and Description of Business Description of Business UiPath, Inc. ("UiPath," the “Compa