Conclusion
Although Uipath has been in loss in the past three years, Uipath has not lack of money.
The company may soon be profitable.
Stock-based compensation would reduce valuation in company.
Uipath ‘s stock price is $21.66 per share, which is equivalent to $12.34 billion in market cap.
We do not see Uipath’ s investment value for $21.66 per share.
Disclaimer: The content is for reference only and does not constitute investment advice.
Balance sheet analysis
Uipath’ s total assts were $2.95 billion and $2.74 billion as of January 31, 2024 and as of January 31, 2023, respectively.
Total current assets were $2.58 billion as of January 31, 2024, accounting for 87.5% of total assets.
Non-current assets were minimal.
Cash and cash equivalents were $1.06 billion as of January 31, 2024, consisting of 36% of total assets.
Total liabilities were $938.6 million as of January 31, 2024, which was slightly lower than $1.06 billion in cash and cash equivalents.
Profitability analysis
Uipath’ s revenues were $1.3 billion, $1.06 billion and $892 million in fiscal 2024, in fiscal 2023 and fiscal 2022, respectively.
Revenues in 2024 were up 22.6% year-on-year.
Revenues in 2023 were up 18.8% year-on-year.
Operating loss was $164.7 million, $348 million and $501 million in 2024, 2023 and 2022, respectively.
Stock-based compensation expense was $372 million, $ 370 million and $515.6 million in 2024, 2023 and 2022, respectively.
Cash flow analysis
Net cash provided by operating activities was $299 billion, -$10 million and -$55 million in 2024, 2023 and 2022, respectively.
Good news is that the amount of net cash provided by operating activities is positive for fiscal 2024.
Repurchases of Class A common stock were $102 million for 2024.
Introduction
First established in a Bucharest, Romania apartment in 2005, UiPath was incorporated in Delaware in 2015 as a company principally focused on building and managing automations and developing computer vision technology, which remains the foundation of our platform today. Since that time, we have evolved from our beginnings in RPA into an end-to-end AI-powered Business Automation Platform through development and acquisitions, have launched new products, and have expanded our operations across the globe. Our vision is to enable automation across all knowledge work to accelerate human achievement. We are leading a new era of workforce productivity, inspired by the rise of business automation platforms across enterprises everywhere.
The UiPath Business Automation Platform is The Foundation of Innovation™. We provide our customers with a robust set of capabilities that allow them to discover opportunities for automation, automate using a digital workforce that seamlessly collaborates with humans, and operate a mission critical automation program at scale. Our platform allows customers to integrate AI with automation, enabling automation to take action based on learning and experience. It enables employees to quickly build automations for both existing and new processes and to automate a vast array of actions including, but not limited to, logging into applications, extracting information from documents, moving folders, filling in forms, reading emails, and updating information fields and databases. The ability of our platform to replicate steps performed by humans in executing business processes drives operational efficiencies and enables companies to deliver on key digital initiatives with greater speed, agility, and accuracy.
AI-powered automation is here, and its momentum is continuing to grow as organizations around the world begin to understand the combined power of automation and AI to drive efficiency and accelerate business outcomes. We aspire to be the defining business automation platform, advancing the evolution of automation and AI as a way of working and a catalyst for continuous reinvention.(form form 10k)
