Company: PATH
Filing Date: 2025-09-08
Form Type: 10-Q
Source: 0001734722-25-000043
Chunk: 59

Company: UiPath, Inc.
Filing Date: 2025-09-08
Form: 10-Q
Item: Part I, Item 1
Chunk 59
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 operating lease liabilities, lease terms are deemed to include options to extend the lease when it is reasonably certain that we will exercise those options. Our operating lease arrangements do not contain any material restrictive covenants or residual value guarantees.

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

Lease costs are presented below (in thousands):Three Months Ended July 31,Six Months Ended July 31,2025202420252024Operating lease cost$5,314 $4,086 $8,691 $7,562 Short-term lease cost696 1,024 1,356 2,147 Variable lease cost711 411 1,649 934 Total$6,721 $5,521 $11,696 $10,643 The following table represents the weighted-average remaining lease term and discount rate as of the periods presented:As ofJuly 31,2025January 31,2025Weighted-average remaining lease term (years)9.610.1Weighted-average discount rate7.6 %7.2 %Future undiscounted lease payments for our operating lease liabilities as of July 31, 2025 were as follows (in thousands):AmountRemainder of year ending January 31, 2026$4,314 Year ending January 31,202715,503 202813,920 202910,430 20309,358 Thereafter57,278 Total operating lease payments110,803 Less: imputed interest(31,493)Total operating lease liabilities$79,310 As of July 31, 2025, we had non-cancellable commitments in the amount of $2.9 million related to operating leases of real estate facilities that have not yet commenced.Current operating lease liabilities of $6.7 million and $3.6 million were included in accrued expenses and other current liabilities on our condensed consolidated balance sheets as of July 31, 2025 and January 31, 2025, respectively.Supplemental cash flow information related to leases for the three and six months ended July 31, 2025 and 2024 was as follows (in thousands):Three Months Ended July 31,Six Months Ended July 31,2025202420252024Cash paid for amounts included in the measurement of operating lease liabilities$3,571 $3,665 $8,041