Company: PATH
Filing Date: 2025-09-08
Form Type: 10-Q
Source: 0001734722-25-000043
Chunk: 58

Company: UiPath, Inc.
Filing Date: 2025-09-08
Form: 10-Q
Item: Part I, Item 1
Chunk 58
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angibles1,231 (636)595 6.1Total$56,850 $(35,246)$21,604 

13

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

Acquired intangible assets, net consisted of the following as of January 31, 2025 (dollars in thousands): Intangible Assets, GrossAccumulated AmortizationIntangible Assets, NetWeighted-Average Remaining Useful Life (years)Developed technology$28,130 $(21,416)$6,714 2.2Customer relationships8,183 (7,648)535 0.5Trade names and trademarks271 (271)— 0.0Other intangibles1,231 (575)656 6.4Total$37,815 $(29,910)$7,905 We record amortization expense associated with acquired developed technology in cost of licenses revenue and cost of subscription services revenue, trade names and trademarks in sales and marketing expense, customer relationships in sales and marketing expense, and other intangibles in general and administrative expense in the condensed consolidated statements of operations. Amortization of acquired intangible assets was $2.3 million and $1.8 million for the three months ended July 31, 2025 and 2024, respectively, and $3.7 million and $3.8 million for the six months ended July 31, 2025 and 2024, respectively.Expected future amortization expense related to intangible assets was as follows as of July 31, 2025 (in thousands): AmountRemainder of year ending January 31, 2026$4,468 Year ending January 31,20277,302 20285,968 20292,020 20301,414 Thereafter432 Total$21,604 GoodwillChanges in the carrying amount of goodwill during the six months ended July 31, 2025 were as follows (in thousands): Carrying AmountBalance as of January 31, 2025$87,304 Acquisition of Peak27,964 Effect of foreign currency translation5,532 Balance as of July 31, 2025$120,800 

8. Operating Leases

Our operating leases consist of real estate and vehicles and have remaining lease terms of one year to 13 years. For purposes of calculating