UiPath, Inc. 10-Q

Financial Statements (unaudited)

Item 1. Financial Statements (Unaudited). UiPath, Inc. Condensed Consolidated Balance Sheets Amounts in thousands except per share data (unaudited) As of July 31, 2026 January 31, 2026 ASSETS Current assets Cash and cash equivalents $ 607,414 $ 871,157 Restricted cash 1,475 438 Marketable securities 676,576 601,329 Accounts receivable, net of allowance for credit losses of $ 6,400 and $ 5,222 , respectively 307,112 488,265 Contract assets 135,222 92,440 Deferred contract acquisition costs 86,526 84,739 Prepaid expenses and other current assets 112,305 105,577 Total current assets 1,926,630 2,243,945 Marketable securities, non-current 121,035 216,990 Contract assets, non-current 4,832 1,946 Deferred contract acquisition costs, non-current 165,022 153,708 Property and equipment, net 46,436 46,014 Operating lease right-of-use assets 63,470 64,472 Intangible assets, net 101,479 19,989 Goodwill 179,481 125,310 Deferred tax assets 230,087 233,401 Other assets, non-current 68,895 73,425 Total assets $ 2,907,367 $ 3,179,200 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Accounts payable $ 16,848 $ 10,161 Accrued expenses and other current liabilities 156,930 170,496 Accrued compensation and employee benefits 89,853 121,029 Deferred revenue 543,627 603,737 Total current liabilities 807,258 905,423 Deferred revenue, non-current 71,722 103,568 Operating lease liabilities, non-current 69,438 70,940 Other liabilities, non-current 10,398 16,682 Total liabilities 958,816 1,096,613 Commitments and contingencies (Note 10) 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; 547,650 and 540,898 shares issued; 456,299 and 472,346 shares outstanding, respectively 5 5 Class B common stock, $ 0.00001 par value per share, 115,741 shares authorized; 64,691 shares issued and outstanding 1 1 Treasury stock, at cost, 91,351 and 68,552 shares, respectively ( 1,092,834 ) ( 833,905 ) Additional paid-in capital 4,673,653 4,585,430 Accumulated other comprehensive income 14,657 36,601 Accumulated deficit ( 1,646,931 ) ( 1,705,545 ) Total stockholders’ equity 1,948,551 2,082,587 Total liabilities and stockholders’ equity $ 2,907,367 $ 3,179,200 The accompanying notes are an integral part of these condensed consolidated financial