Company: PATH
Filing Date: 2025-03-24
Form Type: 10-K
Source: 0001734722-25-000007
Chunk: 32

Company: UiPath, Inc.
Filing Date: 2025-03-24
Form: 10-K
Item: Item 8
Chunk 32
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 in the consolidated statements of operations. Amortization of acquired intangible assets was $6.7 million, $8.6 million and $6.9 million for fiscal years 2025, 2024, and 2023, respectively.Expected future amortization expense related to intangible assets was as follows as of January 31, 2025 (in thousands):Year Ended January 31,Amount2026$4,053 20272,407 20281,143 2029101 203062 Thereafter139 Total$7,905 GoodwillChanges in the carrying amount of goodwill were as follows during the periods presented (in thousands):Carrying AmountBalance as of January 31, 2023$88,010 Effect of foreign currency translation1,016 Balance as of January 31, 202489,026 Effect of foreign currency translation(1,722)Balance as of January 31, 2025$87,304 

8Operating LeasesOur operating leases consist of real estate and vehicles and have remaining lease terms of one year to 13 years. For purposes of calculating operating lease liabilities, lease terms may be 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.

99

UiPath, Inc.Notes to Consolidated Financial Statements 

Lease costs are presented below (in thousands):Year Ended January 31,202520242023Operating lease cost$15,899 $13,047 $11,675 Short-term lease cost3,722 4,965 5,895 Variable lease cost2,065 2,142 1,418 Sublease income(1)— (1,615)(2,129)Total lease cost$21,686 $18,539 $16,859 (1) Included in other income, net in the consolidated statements of operationsSupplemental balance sheet information related to leases is as follows (in thousands):As of January 31,20252024Assets:Operating lease right-of-use assets$66,500 $56,072 Liabilities:Operating lease liabilities, current (included in accrued expenses and other current liabilities)$3,587 $8,357 Operating lease liabilities, non-current74,230 58,713 Total operating lease liabilities$77,817 $67,070 Supplement