Company: PATH
Filing Date: 2025-12-08
Form Type: 10-Q
Source: 0001734722-25-000050
Chunk: 38

Company: UiPath, Inc.
Filing Date: 2025-12-08
Form: 10-Q
Item: Part I, Item 1
Chunk 38
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 expenses$40,838 $16,005 Accrued legal, accounting, and tax5,348 3,805 Withholding tax from employee equity transactions4,756 4,699 Employee stock purchase plan withholdings6,742 3,335 Payroll taxes and other benefits payable8,571 8,258 Income taxes payable9,403 1,632 Value-added taxes payable9,595 3,640 Operating lease liabilities, current9,993 3,587 Deferred consideration for business acquisition8,000 — Contingent consideration for business acquisition1,610 — Accrued partner incentives13,090 13,314 Cloud infrastructure liabilities13,128 6,685 Other20,797 18,963 Accrued expenses and other current liabilities$151,871 $83,923 

10. Commitments and Contingencies

Letters of CreditWe had a total of $2.9 million and $2.6 million in letters of credit outstanding in favor of certain landlords for office space as of October 31, 2025 and January 31, 2025, respectively. These letters of credit renew annually and expire on various dates through fiscal year 2027.IndemnificationIn the ordinary course of business, we may provide indemnification of varying scope and terms to customers, vendors, directors, and officers with respect to certain matters, including, but not limited to, losses arising out of our breach of such agreements, services to be provided by us, or from intellectual property infringement claims made by third parties.These indemnification provisions may survive termination of the underlying agreement and the potential amount of future payments we could be required to make under these indemnification provisions may not be subject to maximum loss clauses. The maximum potential amount of future payments we could be required to make under these indemnification provisions is indeterminable. As of October 31, 2025 and January 31, 2025, we have not accrued a liability for these indemnification arrangements because the likelihood of incurring a payment obligation, if any, in connection with these indemnification arrangements is remote.

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

Workforce RestructuringOn July 8, 2024, our board of directors approved restructuring actions (the "Fiscal Year 2025 Workforce Restructuring") to reshape the