Company: PATH
Filing Date: 2025-03-24
Form Type: 10-K
Source: 0001734722-25-000007
Chunk: 151

Company: UiPath, Inc.
Filing Date: 2025-03-24
Form: 10-K
Item: Item 7
Chunk 151
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 tax expense related to employee equity transactions, partially offset by a $2.6 million increase in employee termination benefits related to our Fiscal Year 2025 Workforce Restructuring and a $1.9 million increase in employee insurance costs. General and administrative expense was also impacted an $11.1 million increase in software service and implementation costs, a $2.7 million increase due to a credit loss recovery recorded in the prior comparable period, a $2.3 million increase in charitable donations mainly driven by the increased fair value of our Class A common shares contributed to a donor-advised fund in the current year, and a $1.9 million increase in third-party consulting fees, partially offset by a $3.9 million decrease in commercial insurance costs.

67

Interest Income

Year Ended January 31,20252024Change% Change(dollars in thousands)Interest income$49,422 $57,130 $(7,708)(13)%Percentage of revenue3 %4 %

Interest income decreased by $7.7 million, or 13%, for fiscal year 2025 compared to fiscal year 2024 as a result of a period-over-period decrease in our aggregate balance of cash and cash equivalents and marketable securities, as well as decreased interest rates.

Other Income, Net

Year Ended January 31,20252024Change% Change(dollars in thousands)Other income, net$35,047 $31,775 $3,272 10 %Percentage of revenue3 %3 %

Other income, net increased by $3.3 million, or 10%, for fiscal year 2025 compared to fiscal year 2024, primarily due to a $6.6 million increase in foreign currency transaction gains and a $1.9 million increase in accretion of discounts on marketable securities, partially offset by a $3.9 million decrease in legal expense related to shareholder litigation and a $1.6 million decrease in sublease income.

(Benefit From) Provision For Income Taxes

Year Ended January 31,20252024Change% Change(dollars in thousands)(Benefit from) provision for income taxes$(4,406)$14,068 $(18,474)NM(1)Percentage of revenue0 %1 %(1) Not meaningful

Provision for income taxes decreased by $18.5 million for fiscal year 2025 compared to fiscal year 202