UiPath

New York, NY · Global headquarters · 26,363 · 3/31/2038

Bucharest, Romania · Corporate office · 119,922 · 2/28/2031

Bellevue, WA · Product development center · 44,735 · 10/31/2034

Bangalore, India(1) · Corporate office · 21,006 · 8/31/2026

Bangalore, India · Product development center · 25,599 · 5/31/2030

Tokyo, Japan · Corporate office · 7,868 · 7/31/2028

(1) During fiscal year 2026, we entered into a lease for new corporate office space in Bangalore, India, the term of which commenced in October 2025 and expires on May 31, 2030; this new space, with a total area of 24,612 square feet, will replace our existing Bangalore corporate office space once its build-out is completed.

We also lease other spaces for our sales, services, development, and administrative activities in various locations in the U.S. and around the world. We do not own any real property. We believe our leased properties are in good operating condition and adequately serve our current business operations.

For additional information regarding obligations under operating leases, see Note 8, Operating Leases, to the consolidated financial statements included in Part II, Item 8 of this Annual Report on Form 10-K.

• UiPath Norway AS Norway⁹
• UiPath PTE LTD Singapore⁹
• UiPath Poland sp. z o.o. Poland⁹
• UiPath Process Mining B.V. Netherlands⁹
• UiPath Robotic Process Automation India Private Limited India⁹
• UiPath SRL Romania⁹
• UiPath Shanghai Technology Co., Ltd. China⁹
• UiPath South Africa (Pty) LTD South Africa⁹
• UiPath Spain S.L. Spain⁹
• UiPath Switzerland GmbH Switzerland⁹
• UiPath Ukraine LLC Ukraine⁹

• We rely on our channel partners, including our strategic alliances, to generate a substantial amount of our revenue, and if we fail to expand and manage our distribution channels or fulfill our future service obligations, our revenue could decline and our growth prospects could suffer.
• If we and our channel partners fail to provide sufficient high-quality consulting, training, support, and maintenance resources to enable our customers to realize significant business value from our platform, we may see a decrease in customer adoption of our platform.
• If we are not able to introduce and release new features or services successfully and to make enhancements to our platform or products, particularly with respect to developing AI technologies, our business and results of operations could be adversely affected.
• We are subject to numerous risks associated with the evolving market for products with AI capabilities.
• Risks associated with our use of AI (including ML and large language models) may result in reputational harm or liability.
• We target enterprise customers, and sales to these customers involve risks that may not be present or that are present to a lesser extent with sales to smaller entities.
• Real or perceived errors, failures, or bugs in our platform and products could adversely affect our business, financial condition, results of operations, and growth prospects.
• Incorrect or improper implementation or use of our platform and products could result in customer dissatisfaction and harm our business, financial condition, results of operations, and growth prospects.
• We rely upon third-party providers of cloud-based infrastructure to host our cloud-based products. Any disruption in the operations of these third-party providers, limitations on capacity, or interference with our use could adversely affect our business, financial condition, and results of operations.
• Delays or difficulties associated with the design, implementation, or post-implementation use of information systems could adversely impact our business, financial condition, and results of operations.
• Our key performance metric, ARR, and certain other operational data in this report are subject to assumptions and limitations and may not provide an accurate indication of our future or expected results.
• We may require additional capital to support the growth of our business, and this capital may not be available on acceptable terms, if at all.
• If we fail to maintain and enhance our brand, our ability to expand our customer base will be impaired and our business, financial condition, and results of operations may suffer.
• Indemnity provisions in various agreements to which we are a party potentially expose us to substantial liability for infringement, misappropriation, or other violation of intellectual property rights, data protection, and other losses.
• We have in the past engaged, and may in the future engage, in acquisition and investment activities, which could divert the attention of management, disrupt our business, dilute stockholder value, and adversely affect our results of operations and financial condition.
• Our practices and disclosures related to ESG matters expose us to risks that could adversely affect our reputation and performance.
• We have undertaken, and may in the future undertake, internal restructuring activities that could result in disruptions to our business or otherwise materially harm our results of operations or financial condition.
• Any future litigation against us could be costly and time-consuming to defend.
• Risks Related to Data Privacy and Cybersecurity
• We and third parties with whom we do business are subject to stringent and evolving U.S. and foreign laws, regulations, and rules, contractual obligations, industry standards, policies, and other obligations related to data privacy and security. Our actual or perceived failure to comply with such obligations could lead to adverse business consequences, including regulatory investigations or actions; litigation (including class claims) and mass arbitration demands; fines and penalties; business disruptions; reputational harm; loss of revenue or profits; and loss of customers or sales.
• If our information technology systems or data, or those of third parties with whom we do business, are or were compromised, we could experience adverse consequences resulting from such compromise, including but not limited to regulatory investigations or actions; litigation; fines and penalties; disruptions of our business operations; reputational harm; loss of revenue or profits; loss of customers or sales; and other adverse consequences.
• Risks Related to Regulatory Compliance and Governmental Matters
• We are subject to anti-corruption, anti-bribery, anti-money laundering, and similar laws, and noncompliance with such laws can subject us to criminal or civil liability and harm our business, financial condition, and results of operations.
• Sales to government entities and highly regulated organizations are subject to a number of challenges and risks.
• We are subject to governmental export and import controls that could impair our ability to compete in international markets or subject us to liability if we violate the controls.
• Risks Related to Our Intellectual Property
• Any failure to obtain, maintain, protect, or enforce our intellectual property and proprietary rights could impair our ability to protect our proprietary technology and our brand.
• We may become subject to intellectual property disputes, which are costly and may subject us to significant liability and increased costs of doing business.
• We may become involved in lawsuits to protect or enforce our intellectual property, which could be expensive, time consuming, and unsuccessful.
• If we are unable to protect the confidentiality of our trade secrets, our business and competitive position would be harmed.
• We may be subject to claims that our employees, consultants, or advisors have wrongfully used or disclosed alleged trade secrets of their current or former employers or claims asserting ownership of what we regard as our own intellectual property.
• We use open source software in our products, which could negatively affect our ability to sell our platform and products or subject us to litigation or other actions.
• If we cannot license rights to use technologies on reasonable terms, we may be unable to license rights that are critical to our business.
• Risks Related to Our International Operations
• Our current operations are international in scope, and we may pursue further geographic expansion, creating a variety of operational challenges.
• We are exposed to fluctuations in currency exchange rates which affect our results of operations.
• Risks Related to Tax and Accounting Matters
• If we fail to maintain effective internal control over financial reporting, our ability to produce timely and accurate financial statements or comply with applicable laws and regulations could be impaired.
• Our corporate structure and intercompany arrangements cause us to be subject to the tax laws of various jurisdictions, and we could be obligated to pay additional taxes, which could materially adversely affect our business, financial condition, results of operations, and growth prospects.
• Changes in tax laws or tax rulings could materially affect our financial condition, results of operations, and cash flows.
• We could be required to collect additional sales, use, transfer, or other indirect taxes or be subject to other tax liabilities that may increase the costs our customers would have to pay for our products and adversely affect our results of operations.
• Our ability to use our NOLs to offset future taxable income may be subject to certain limitations.
• Risks Related to Ownership of Our Class A Common Stock
• The dual class structure of our common stock has the effect of concentrating voting control with Daniel Dines, our Chief Executive Officer, co-founder, and Chairman, which will limit stockholders' ability to influence the outcome of important decisions.
• We have not elected to take advantage of the “controlled company” exemption to the corporate governance rules for publicly-listed companies but may do so in the future.
• Our dual class structure may impact the market price of our Class A common stock.
• Future sales of our Class A common stock in the public market could cause the market price of our Class A common stock to decline.
• Anti-takeover provisions in our charter documents and under Delaware law could make an acquisition of our company more difficult, limit attempts by our stockholders to replace or remove our current management, and limit the market price of our Class A common stock.
• Our amended and restated certificate of incorporation provides that the Court of Chancery of the State of Delaware and the federal district courts of the U.S. will be the exclusive forums for substantially all disputes between us and our stockholders, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers, or employees.
• General Risk Factors
• Our stock price may be volatile, and the value of our Class A common stock may decline.
• Our issuance of additional capital stock in connection with financings, acquisitions, investments, our equity incentive plans, or otherwise will dilute all other stockholders.
• Our business, financial condition, results of operations, or cash flows could be significantly hindered by the occurrence of a natural disaster, public health crisis, military action, terrorist attack, or other catastrophic event.
• If our estimates or judgments relating to our critical accounting estimates prove to be incorrect, our results of operations could be adversely affected.