UiPath, Inc.
PATHQ3 2024(PATH Q2 FY2025)Derived9% AI
AI Revenue %
9%
AI Fair Value
$391.6M
AI Revenue (Q)
$81.3M
Total Revenue (Q)
$902.8M
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
UiPath reported total revenue of $316.3M for Q2 FY2025 (three months ended July 31, 2024). Revenue declined sequentially from Q1 FY2025 ($335.1M), with license revenue dropping to $112.3M from $140.1M. Subscription services grew to $194.7M (61.6% of total). The company made the H.AI investment ($12.1M in convertible bonds) signaling commitment to AI/ML. Daniel Dines returned as sole CEO effective June 1, 2024 (replacing Robert Enslin). The Fiscal Year 2025 Workforce Restructuring was approved. Despite the leadership transition and restructuring, AI feature adoption continued. Maintaining 9.0% estimate. ~$28.5M AI revenue / $316.3M total = ~9.0%.
Analyzed by claude-opus-4-6
Quoted Figures
Revenue: Licenses $112,251; Subscription services $194,673; Professional services and other $9,329; Total revenue $316,253 thousand
Condensed Consolidated Statements of Operations, Q2 FY2025
Other investments carried at fair value, which consist of convertible bonds of private company H.AI (the 'H company') purchased during the three months ended July 31, 2024, are classified as Level 3 because their valuation relies on significant unobservable inputs
Notes, Fair Value Measurement, 10-Q Q2 FY2025
AI Products Identified (Ring 1)
IDP (Intelligent Document Processing)Communications MiningDocument UnderstandingAutopilotClipboard AIGenerative AI features
AI-Enabled Items (Ring 2 — Not Counted)
These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.
UiPath Studio (RPA development)UiPath OrchestratorUiPath RobotsProcess MiningTask MiningIntegration Service
Confidence Tier
DerivedCalculated from reported segments primarily serving AI