Company: PATH
Filing Date: 2025-06-03
Form Type: 10-Q
Source: 0001734722-25-000030
Chunk: 71

Company: UiPath, Inc.
Filing Date: 2025-06-03
Form: 10-Q
Item: Part I, Item 8
Chunk 71
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(290)521 2.9Other intangibles1,231 (605)626 6.3Total$57,124 $(33,070)$24,054 

12

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 $1.4 million and $2.0 million for the three months ended April 30, 2025 and 2024, respectively.Expected future amortization expense related to intangible assets was as follows as of April 30, 2025 (in thousands): AmountRemainder of year ending January 31, 2026$6,814 Year ending January 31,20277,373 20286,028 20292,040 20301,428 Thereafter371 Total$24,054 GoodwillChanges in the carrying amount of goodwill during the three months ended April 30, 2025 were as follows (in thousands): Carrying AmountBalance as of January 31, 2025$87,304 Acquisition of Peak27,964 Effect of foreign currency translation6,103 Balance as of April 30, 2025$121,371 

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 operating lease liabilities, lease terms may be deemed to include options to extend the lease when it is reasonably certain