Company: PATH
Filing Date: 2025-09-08
Form Type: 10-Q
Source: 0001734722-25-000043
Chunk: 15

Company: UiPath, Inc.
Filing Date: 2025-09-08
Form: 10-Q
Item: Part I, Item 2
Chunk 15
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, 2024. The increase was primarily driven by a $15.1 million increase in personnel-related expenses, which included an $8.9 million increase in stock-based compensation expense, a $7.4 million increase in salary-related and bonus expenses associated with higher headcount and merit increases, and a $1.4 million aggregate increase in employee insurance costs and employer payroll taxes, partially offset by a $1.7 million decrease in employee termination benefits due to reduced activity under our Fiscal Year 2025 Workforce Restructuring and a $0.8 million decrease in general employee severance. This increase was partially offset by a $6.6 million decrease in hosting and software services costs.

General and Administrative

 Six Months Ended July 31,   20252024ChangeChange % (dollars in thousands)General and administrative$107,568 $127,029 $(19,461)(15)%Percentage of revenue15 %20 %  

General and administrative expense decreased by $19.5 million, or 15%, for the six months ended July 31, 2025 compared to the six months ended July 31, 2024. This decrease was primarily driven by an $11.4 million decrease in personnel-related expenses, which included an $8.4 million decrease in stock-based compensation expense, a $1.2 million decrease in employee termination benefits due to reduced activity under our Fiscal Year 2025 Workforce Restructuring, and a $1.0 million decrease in salary-related and bonus expenses associated with 

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reduced headcount. General and administrative expense was also impacted by a $4.4 million decrease in other taxes in non-U.S. jurisdictions, a $2.4 million decrease in charitable donations mainly driven by the decreased fair value of our Class A common shares contributed to a donor-advised fund in the current year, and a $1.0 million decrease in software service and implementation costs. These decreases were partially offset by a $2.4 million increase in third-party advisory fees.

Interest Income

 Six Months Ended July 31,   20252024ChangeChange % (dollars in thousands)Interest income$24,652 $27,200 $(2,548)(9)%Percentage of revenue3 %4 %  

Interest income decreased by $2.5 million, or 9%, for the six months ended July 31, 2025 compared to the six months ended July