← UiPath, Inc.
| Annual Trend | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|---|---|
| Net income (loss) | ($519.9m) | ($92.4m) | ($525.6m) | ($328.4m) | ($89.9m) | ($73.7m) | $282.3m | |
| Depreciation and amortization | $8.7m | $12.3m | $14.7m | $18.7m | $22.6m | $17.2m | $17.0m | |
| Amortization of deferred contract acquisition costs | $30.4m | $41.0m | $39.3m | $59.8m | $75.5m | $92.1m | $109.4m | |
| (Benefit from) provision for deferred income taxes | ($1.3m) | ($7.6m) | ($5.8m) | $861k | $554k | ($19.8m) | ($202.7m) | |
| Non-cash operating lease expense | $7.0m | $7.3m | $8.9m | $11.7m | $13.0m | $15.9m | $17.0m | |
| Operating lease liabilities, net | ($5.1m) | ($8.1m) | ($9.1m) | ($3.3m) | ($13.6m) | ($15.5m) | ($11.7m) | |
| Net accretion on marketable securities | $0 | $263k | $2.0m | ($1.8m) | ($28.2m) | ($31.8m) | ($10.2m) | |
| Stock-based compensation expense | $137.9m | $86.2m | $515.6m | $369.8m | $372.0m | $358.2m | $290.7m | |
| Charitable donation of Class A common stock | — | $0 | $0 | $5.5m | $4.2m | $6.6m | $4.2m | |
| Credit loss expense (benefit) | — | — | — | — | ($1.6m) | $2.0m | $5.7m | |
| Other non-cash charges (credits), net | $928k | $1.0m | $2.0m | ($2.5m) | ($3.7m) | ($2.3m) | $7.1m | |
| Accounts receivable | ($52.1m) | ($76.9m) | ($86.4m) | ($123.8m) | ($64.2m) | ($22.2m) | ($25.8m) | |
| Contract assets | ($5.1m) | ($22.0m) | ($43.7m) | ($185k) | ($14.7m) | ($4.0m) | $3.2m | |
| Deferred contract acquisition costs | ($61.0m) | ($51.1m) | ($130.2m) | ($118.9m) | ($118.8m) | ($89.2m) | ($116.2m) | |
| Prepaid expenses and other assets | ($20.6m) | ($8.6m) | ($15.4m) | ($59.8m) | $4.2m | $7.1m | ($3.9m) | |
| Accounts payable | ($14.6m) | $1.9m | $3.5m | ($1.6m) | ($5.1m) | $27.9m | ($21.7m) | |
| Accrued expenses and other liabilities | $18.8m | $6.1m | $45.7m | ($15.0m) | $11.8m | $9.2m | $46.7m | |
| Accrued compensation and employee benefits | $17.7m | $49.9m | $24.0m | $15.1m | ($4.0m) | ($23.4m) | $2.6m | |
| Deferred revenue | $97.9m | $99.0m | $105.5m | $160.7m | $137.5m | $68.3m | ($22.4m) | |
| Purchases of marketable securities | $0 | ($103.1m) | ($212.5m) | ($388.4m) | ($1.5b) | ($1.5b) | ($772.5m) | |
| Maturities of marketable securities | $0 | $0 | $107.7m | $151.4m | $1.1b | $1.5b | $809.2m | |
| Purchases of property and equipment | ($15.7m) | ($2.0m) | ($8.9m) | ($23.8m) | ($7.3m) | ($14.9m) | ($19.0m) | |
| Proceeds from exercise of stock options | $3.6m | $26.4m | $12.2m | $8.4m | $6.7m | $8.0m | $1.1m | |
| Payments of tax withholdings on net settlement of equity awards | $0 | $0 | ($10.5m) | ($73.1m) | ($112.1m) | ($77.9m) | ($59.1m) | |
| Proceeds from employee stock purchase plan contributions | $0 | $0 | $19.0m | $15.0m | $17.6m | $15.6m | $14.9m | |
| Payments of deferred or contingent consideration related to business acquisitions | — | — | — | — | ($5.9m) | ($5.6m) | ($128k) | |
| Deferred and contingent consideration recognized in connection with business acquisition | $18.6m | $0 | $0 | $11.4m | $0 | $0 | $9.8m | |
| Tax withholdings on net settlement of restricted stock units, accrued but not yet paid | $0 | $0 | $270k | $2.2m | $3.4m | $4.7m | $4.7m | |
| Property and equipment purchases included in accounts payable | $0 | $0 | $1.9m | $1.1m | $511k | $2.9m | $58k | |
| Net cash provided by operating activities | ($359.4m) | $29.2m | ($55.0m) | ($10.0m) | $299.1m | $320.6m | $371.2m | |
| Payments related to business acquisitions, net of cash acquired | ($18.5m) | ($19.7m) | ($5.5m) | ($29.5m) | $0 | $0 | ($24.8m) | |
| Other investing, net | — | $0 | ($2.7m) | $1.2m | $2.8m | $0 | ($15.4m) | |
| Net cash used in investing activities | ($39.5m) | ($126.0m) | ($35.4m) | ($289.1m) | ($439.6m) | ($45.5m) | ($22.5m) | |
| Repurchases of Class A common stock | ($128.8m) | $0 | $0 | $0 | ($102.6m) | ($390.8m) | ($329.1m) | |
| Payable for repurchase of Class A common stock | — | — | — | — | $0 | $0 | $10.0m | |
| Net cash used in financing activities | $457.8m | $250.4m | $1.5b | ($60.7m) | ($196.9m) | ($450.5m) | ($372.4m) | |
| Effect of exchange rate changes | $3.2m | ($16.5m) | $18.3m | ($6.8m) | ($2.6m) | ($7.0m) | $15.6m | |
| Net decrease in cash, cash equivalents, and restricted cash | $62.0m | $137.1m | $1.4b | ($366.6m) | ($340.0m) | ($182.5m) | ($8.0m) | |
| Cash, cash equivalents, and restricted cash at beginning of period | $234.1m | $371.2m | $1.8b | $1.4b | $1.1b | $879.6m | $871.6m | |
| Cash paid for interest | $96k | $1.7m | $691k | $651k | $563k | $309k | $0 | |
| Cash paid for income taxes, net | $3.5m | $4.5m | $8.5m | $21.0m | $10.8m | $16.7m | $9.8m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.