UiPath, Inc.
PATHQ4 2023(PATH Q3 FY2024)Derived7% AI
AI Revenue %
7%
AI Fair Value
$242.4M
AI Revenue (Q)
$22.1M
Total Revenue (Q)
$316.3M
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
UiPath reported total revenue of $325.9M for Q3 FY2024 (three months ended October 31, 2023). This filing now includes a segment data note and the forward-looking statements explicitly reference 'AI-powered automation' as a market opportunity. Subscription services revenue reached $167.5M (51.4% of total). The company was increasingly marketing its AI capabilities, including generative AI features announced at its FORWARD conference. However, revenue recognition from these newer AI features remained early-stage. Slight increase to 7.0% to reflect growing AI feature adoption. ~$22.8M AI revenue / $325.9M total = ~7.0%.
Analyzed by claude-opus-4-6
Quoted Figures
Revenue: Licenses $148,068; Subscription services $167,529; Professional services and other $10,324; Total revenue $325,921 thousand
Condensed Consolidated Statements of Operations, Q3 FY2024
the estimated addressable market opportunity for our platform and for AI-powered automation in general
Forward-Looking Statements, 10-Q Q3 FY2024
AI Products Identified (Ring 1)
IDP (Intelligent Document Processing)Communications MiningDocument UnderstandingGenerative AI features (early)
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 MiningAutopilot (preview)
Confidence Tier
DerivedCalculated from reported segments primarily serving AI