Company: PATH
Filing Date: 2025-12-08
Form Type: 10-Q
Source: 0001734722-25-000050
Chunk: 87

Company: UiPath, Inc.
Filing Date: 2025-12-08
Form: 10-Q
Item: Part I, Item 8
Chunk 87
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5, other assets, non-current included $27.1 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 October 31, 2025 and January 31, 2025, other assets, non-current also included $13.7 million and $11.9 million, respectively, related to private-company convertible bonds, which are carried at fair value. Refer to Note 5, Fair Value Measurement for further information.

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

Accrued Expenses and Other Current LiabilitiesAccrued expenses and other current liabilities consisted of the following (in thousands):As ofOctober 31,2025January 31,2025Accrued 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