Company: PATH
Filing Date: 2025-09-08
Form Type: 10-Q
Source: 0001734722-25-000043
Chunk: 112

Company: UiPath, Inc.
Filing Date: 2025-09-08
Form: 10-Q
Item: Part I, Item 8
Chunk 112
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5, and the remaining liability, which is recorded in accrued compensation and employee benefits in the condensed consolidated balance sheets, as of July 31, 2025 (in thousands): Employee Termination BenefitsAccrued restructuring costs as of January 31, 2025$9,778 Restructuring costs incurred during the six months ended July 31, 20254,407 Amount paid during the six months ended July 31, 2025(11,532)Accrued restructuring costs as of July 31, 2025$2,653 The following table presents restructuring charges (credits), consisting primarily of employee termination benefits, recognized during the six months ended July 31, 2025 by financial statement line item (in thousands):Employee Termination BenefitsCost of subscription services revenue$585 Cost of professional services and other revenue18 Sales and marketing2,524 Research and development(52)General and administrative1,332 Total$4,407 Defined Contribution PlansWe sponsor retirement plans for qualifying employees, including a 401(k) plan in the U.S. and defined contribution plans in certain other countries, to which we make matching contributions. Our total matching contributions to all defined contribution plans were $3.7 million and $4.0 million for the three months ended July 31, 2025 and 2024, respectively, and $9.2 million and $10.2 million for the six months ended July 31, 2025 and 2024, respectively.LitigationFrom time to time, we may be involved in lawsuits, claims, investigations, and proceedings, consisting of intellectual property, commercial, employment, and other matters which arise in the ordinary course of business. In accordance with Accounting Standards Codification ("ASC") 450, Contingencies, we make a provision for a liability when it is both probable that a liability has been incurred and the amount of the loss can be reasonably estimated.UiPath and certain of its officers and directors are currently parties to the following litigation matters:2023 Securities ActionOn September 6, 2023, a putative class action lawsuit was initiated in the United States District Court for the Southern District of New York against UiPath, then Co-Chief Executive Officer ("Co-CEO") Daniel Dines, and Chief Financial Officer ("CFO") Ashim Gupta (the "2023 Securities Action"). The complaint, captioned In re UiPath, Inc. Securities Litigation, has been amended multiple times