Company: PATH
Filing Date: 2025-12-08
Form Type: 10-Q
Source: 0001734722-25-000050
Chunk: 84

Company: UiPath, Inc.
Filing Date: 2025-12-08
Form: 10-Q
Item: Part I, Item 8
Chunk 84
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ies and acquired skilled workforce. None of this goodwill is deductible for tax purposes.

7. Intangible Assets and Goodwill

Intangible Assets, NetAcquired intangible assets, net consisted of the following as of October 31, 2025 (dollars in thousands):  Intangible Assets, GrossAccumulated AmortizationIntangible Assets, NetWeighted-Average Remaining Useful Life (years)Developed technology$36,709 $(26,225)$10,484 3.2Customer relationships20,373 (10,264)10,109 2.5Trade names and trademarks803 (379)424 2.4Other intangibles1,231 (665)566 5.9Total$59,116 $(37,533)$21,583 

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Table of ContentsUiPath, Inc.Notes to Condensed Consolidated Financial Statements (Continued)(unaudited)

Acquired intangible assets, net consisted of the following as of January 31, 2025 (dollars in thousands): Intangible Assets, GrossAccumulated AmortizationIntangible Assets, NetWeighted-Average Remaining Useful Life (years)Developed technology$28,130 $(21,416)$6,714 2.2Customer relationships8,183 (7,648)535 0.5Trade names and trademarks271 (271)— 0.0Other intangibles1,231 (575)656 6.4Total$37,815 $(29,910)$7,905 We record amortization expense associated with acquired developed technology in cost of licenses revenue and cost of subscription services revenue, trade names and trademarks in sales and marketing expense, customer relationships in sales and marketing expense, and other intangibles in general and administrative expense in the condensed consolidated statements of operations. Amortization of acquired intangible assets was $2.3 million and $1.7 million for the three months ended October 31, 2025 and 2024, respectively, and $5.9 million and $5.5 million for the nine months ended October 31, 2025 and 2024, respectively.Expected future amortization expense related to intangible assets was as follows as of October 31, 2025 (in thousands): AmountRemainder of year ending January 31, 2026$2,353 Year ending January 31,20278,