Company: PATH
Filing Date: 2025-06-03
Form Type: 10-Q
Source: 0001734722-25-000030
Chunk: 72

Company: UiPath, Inc.
Filing Date: 2025-06-03
Form: 10-Q
Item: Part I, Item 8
Chunk 72
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 that we will exercise those options. Our operating lease arrangements do not contain any material restrictive covenants or residual value guarantees.

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

Lease costs are presented below (in thousands):Three Months Ended April 30,20252024Operating lease cost$3,377 $3,476 Short-term lease cost660 1,123 Variable lease cost938 523 Total$4,975 $5,122 The following table represents the weighted-average remaining lease term and discount rate as of the periods presented:As ofApril 30,2025January 31,2025Weighted-average remaining lease term (years)9.910.1Weighted-average discount rate7.4 %7.2 %Future undiscounted lease payments for our operating lease liabilities as of April 30, 2025 were as follows (in thousands):AmountRemainder of year ending January 31, 2026$7,007 Year ending January 31,202714,990 202813,530 20299,981 20308,913 Thereafter57,191 Total operating lease payments111,612 Less: imputed interest(32,660)Total operating lease liabilities$78,952 As of April 30, 2025, we had non-cancellable commitments in the amount of $0.3 million related to operating leases of vehicles that have not yet commenced.Current operating lease liabilities of $5.5 million and $3.6 million were included in accrued expenses and other current liabilities on our condensed consolidated balance sheets as of April 30, 2025 and January 31, 2025, respectively.Supplemental cash flow information related to leases for the three months ended April 30, 2025 and 2024 was as follows (in thousands):Three Months Ended April 30,20252024Cash paid for amounts included in the measurement of operating lease liabilities$4,470 $3,653 Operating lease ROU assets obtained in exchange for new operating lease liabilities755 7,044 

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

9. Condensed Consolidated Balance Sheet Components

Prepaid Expenses and Other Current AssetsPrepaid expenses and other current assets consisted of the following (in thousands):As ofApril 30