Company: PATH
Filing Date: 2025-06-03
Form Type: 10-Q
Source: 0001734722-25-000030
Chunk: 33

Company: UiPath, Inc.
Filing Date: 2025-06-03
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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 assets, non-current also included $13.0 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 ofApril 30,2025January 31,2025Accrued expenses$37,467 $19,810 Withholding tax from employee equity transactions3,160 4,699 Employee stock purchase plan withholdings7,759 3,335 Payroll taxes and other benefits payable9,658 8,258 Income taxes payable3,616 1,632 Value-added taxes payable2,530 3,640 Operating lease liabilities, current5,519 3,587 Deferred consideration for business acquisition8,000 — Contingent consideration for business acquisition1,835 — Rebates payable to partners16,751 13,314 Cloud infrastructure liabilities7,411 6,685 Other19,428 18,963 Accrued expenses and other current liabilities$123,134 $83,923 

10. Commitments and Contingencies

Letters of CreditWe had a total of $2.7 million and $2.6 million in letters of credit outstanding in favor of certain landlords for office space as of April 30, 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 April 30, 2025 and January 31, 2025,