Company: PATH
Filing Date: 2025-12-08
Form Type: 10-Q
Source: 0001734722-25-000050
Chunk: 83

Company: UiPath, Inc.
Filing Date: 2025-12-08
Form: 10-Q
Item: Part I, Item 8
Chunk 83
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 4,700 — 4,700 Total marketable securities703,319 141,116 — 844,435 Other investments carried at fair value— — 11,879 11,879 Total$1,015,261 $141,116 $11,879 $1,168,256 Our money market funds and treasury bills and U.S. government securities are classified within Level 1 of the fair value hierarchy because they are valued based on quoted market prices in active markets. We classify corporate bonds, commercial paper, and Yankee bonds as Level 2 because they are valued using inputs other than quoted prices which are directly or indirectly observable in the market, including readily-available pricing sources for the identical underlying security which may not be actively traded. Other investments carried at fair value (which consist of convertible bonds of a private company, the H Company, purchased during fiscal year 2025) and contingent consideration liability associated with business acquisition are classified as Level 3 because their valuation relies on unobservable inputs.

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

6. Business Acquisition

Peak AI LimitedOn March 7, 2025, we acquired all outstanding equity of Peak AI Limited ("Peak"), a UK-based software company that provides pricing and inventory intelligence technology. With this acquisition, we gained an experienced team, established customer relationships in retail and manufacturing sectors, and technology that is optimized for industry-specific use cases. The total purchase consideration for the acquisition of Peak was $40.1 million, consisting of initial cash consideration of $30.3 million and deferred and contingent consideration with an aggregate acquisition-date fair value of $9.8 million.The Peak acquisition was accounted for as a business combination. The following table summarizes the allocation of purchase price to the assets acquired and liabilities assumed as of the acquisition date (in thousands):March 7, 2025Intangible assets$16,181 Other net liabilities(4,055)Goodwill27,964 Total$40,090 The following table sets forth the identifiable intangible assets acquired and their estimated useful lives as of the acquisition date:Fair Value (in thousands)Estimated Useful Life (in years)Customer relationships$9,228 3.0Developed technology6,447 5.0Trade names and trademarks506 3.0Total$16,181 The acquisition of Peak generated goodwill of $28.0 million representing expected synerg