Company: PATH
Filing Date: 2025-06-03
Form Type: 10-Q
Source: 0001734722-25-000030
Chunk: 73

Company: UiPath, Inc.
Filing Date: 2025-06-03
Form: 10-Q
Item: Part I, Item 8
Chunk 73
---
,2025January 31,2025Prepaid expenses and service credits$66,651 $65,334 Other current assets32,616 20,942 Prepaid expenses and other current assets$99,267 $86,276 Property and Equipment, NetProperty and equipment, net consisted of the following (in thousands):As ofApril 30,2025January 31,2025Computers and equipment$25,107 $23,677 Leasehold improvements32,376 31,402 Furniture and fixtures7,790 7,124 Construction in progress18,761 9,562 Other681 635 Property and equipment, gross84,715 72,400 Less: accumulated depreciation(42,751)(39,660)Property and equipment, net$41,964 $32,740 Depreciation expense for the three months ended April 30, 2025 and 2024 was $1.3 million and $2.3 million, respectively. Other Assets, Non-CurrentAs of April 30, 2025 and January 31, 2025, other assets, non-current included $26.6 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 April 30, 2025 and January 31, 2025, other 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.

15

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,