Company: PATH
Filing Date: 2025-03-24
Form Type: 10-K
Source: 0001734722-25-000007
Chunk: 256

Company: UiPath, Inc.
Filing Date: 2025-03-24
Form: 10-K
Item: Item 7
Chunk 256
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 are observable for the asset or liability, either directly or indirectly, such as:•quoted prices for similar assets or liabilities in active markets; •quoted prices for identical or similar assets or liabilities in markets that are not active; or •inputs other than quoted prices that are observable or can be corroborated by observable market data.Level 2 inputs must be observable for substantially the full term of the asset or liability.Level 3—Unobservable inputs for the asset or liability that are supported by little or no market activity and that are significant to the fair value.Financial instruments consist of cash equivalents, marketable securities and other investments, accounts receivable, and accounts payable. Marketable securities and other investments are recorded at fair value. Cash equivalents, accounts receivable and accounts payable are recorded at their carrying value, which approximates fair value due to the short time to the expected receipt or payment date.

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UiPath, Inc.Notes to Consolidated Financial Statements 

Cash and Cash EquivalentsWe consider all highly liquid investments purchased with original maturity dates of three months or less to be cash equivalents.Marketable SecuritiesOur marketable securities consist primarily of treasury bills and U.S. government securities, corporate bonds, and commercial paper with original maturity dates of more than three months from the date of purchase. We determine the appropriate classification of our marketable securities at the time of purchase and reevaluate such designation at each balance sheet date. We have classified and accounted for our marketable securities as available-for-sale securities based on our intentions with regard to these instruments, and we classify them as current or non-current assets in the consolidated balance sheets based on their stated maturity dates.The fair value of available-for-sale marketable securities is remeasured each reporting period. Any premiums and discounts are amortized or accreted over the life of the related available-for-sale security as an adjustment to yield. Interest income is recognized when earned. Unrealized gains and losses on marketable securities are reported as a separate component of accumulated other comprehensive income on the consolidated balance sheets until realized.We evaluate an available-for-sale debt security for impairment if the estimated fair value is below its amortized cost basis. We consider our intent to sell the security or whether it is more likely than not that we will be required to sell the security before recovery of its amortized basis. If either of these conditions exist, the debt security’s amortized cost basis is written down to fair value, with the change recognized in other income (expense), net in the consolidated statements of operations. If neither of these conditions are