Company: PATH
Filing Date: 2025-09-08
Form Type: 10-Q
Source: 0001734722-25-000043
Chunk: 110

Company: UiPath, Inc.
Filing Date: 2025-09-08
Form: 10-Q
Item: Part I, Item 8
Chunk 110
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 following (in thousands):As ofJuly 31,2025January 31,2025Computers and equipment$24,226 $23,677 Leasehold improvements33,086 31,402 Furniture and fixtures7,732 7,124 Construction in progress18,762 9,562 Other665 635 Property and equipment, gross84,471 72,400 Less: accumulated depreciation(42,926)(39,660)Property and equipment, net$41,545 $32,740 Depreciation expense for the three months ended July 31, 2025 and 2024 was $1.2 million and $2.3 million, respectively. Depreciation expense for the six months ended July 31, 2025 and 2024 was $2.5 million and $4.6 million, respectively.Other Assets, Non-CurrentAs of July 31, 2025 and January 31, 2025, other assets, non-current included $26.7 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 July 31, 2025 and January 31, 2025, other assets, non-current also included $13.4 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.

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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 ofJuly 31,2025January 31,2025Accrued expenses(1)$38,470 $16,005 Accrued legal, accounting, and tax(1)7,053 3,805 Withholding tax from employee equity transactions4,847 4,699 Employee stock purchase plan withholdings2,967 3,335 Payroll taxes and other benefits payable8,244 8,258 Income taxes payable2,166 1,632 Value-added taxes payable5,315 3,640 Operating lease liabilities,