Company: PATH
Filing Date: 2025-06-03
Form Type: 10-Q
Source: 0001734722-25-000030
Chunk: 32

Company: UiPath, Inc.
Filing Date: 2025-06-03
Form: 10-Q
Item: Part I, Item 1
Chunk 32
---
 and $3.6 million were included in accrued expenses and other current liabilities on our condensed consolidated balance sheets as of April 30, 2025 and January 31, 2025, respectively.Supplemental cash flow information related to leases for the three months ended April 30, 2025 and 2024 was as follows (in thousands):Three Months Ended April 30,20252024Cash paid for amounts included in the measurement of operating lease liabilities$4,470 $3,653 Operating lease ROU assets obtained in exchange for new operating lease liabilities755 7,044 

14

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

9. Condensed Consolidated Balance Sheet Components

Prepaid Expenses and Other Current AssetsPrepaid expenses and other current assets consisted of the following (in thousands):As ofApril 30,2025January 31,2025Prepaid expenses and service credits$66,651 $65,334 Other current assets32,616 20,942 Prepaid expenses and other current assets$99,267 $86,276 Property and Equipment, NetProperty and equipment, net consisted of the following (in thousands):As ofApril 30,2025January 31,2025Computers and equipment$25,107 $23,677 Leasehold improvements32,376 31,402 Furniture and fixtures7,790 7,124 Construction in progress18,761 9,562 Other681 635 Property and equipment, gross84,715 72,400 Less: accumulated depreciation(42,751)(39,660)Property and equipment, net$41,964 $32,740 Depreciation expense for the three months ended April 30, 2025 and 2024 was $1.3 million and $2.3 million, respectively. Other Assets, Non-CurrentAs of April 30, 2025 and January 31, 2025, other assets, non-current included $26.6 million and $24.4 million, respectively, related to equity investments in private companies without readily determinable fair values. As a measurement alternative, these investments are reported at cost and are assessed periodically to determine whether their carrying value must be adjusted for observable changes in price or indicators of impairment.As of April 30, 2025 and January 31, 2025, other