Summary by Futu AI
UiPath reported Q3 FY2025 revenue of $354.7 million, up 9% year-over-year, with subscription services revenue growing 24% to $206.9 million. The company's ARR increased 17% to $1.61 billion, while licenses revenue declined 7% to $137.2 million. Gross margin decreased to 82% from 85% in the prior year period.UiPath posted a net loss of $10.7 million, narrowing from $31.5 million a year ago. The company benefited from a $14.8 million income tax benefit, primarily due to the release of valuation allowance on UK deferred tax assets. Operating expenses decreased slightly to $334.3 million, with sales and marketing expenses down 2% and general and administrative costs down 11% year-over-year.Looking ahead, UiPath continues to focus on AI-powered automation and expanding its platform capabilities. The company is reshaping its organization to streamline operations and prioritize investments in artificial intelligence and innovation across its platform. Despite macroeconomic challenges, UiPath maintains a strong financial position with $1.6 billion in cash and marketable securities as of October 31, 2024.