Company: PATH
Filing Date: 2025-12-08
Form Type: 10-Q
Source: 0001734722-25-000050
Chunk: 137

Company: UiPath, Inc.
Filing Date: 2025-12-08
Form: 10-Q
Item: Part I, Item 2
Chunk 137
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-related expenses, which included an $11.1 million decrease in stock-based compensation 

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expense, a $2.9 million decrease in salary-related and bonus expenses associated with reduced headcount, and a $2.0 million decrease in employee termination benefits due to the completion of our Fiscal Year 2025 Workforce Restructuring during the second quarter of fiscal year 2026, partially offset by a $1.1 million increase in general employee severance. The decrease in personnel-related expenses was partially offset by a $5.4 million increase in third-party consulting fees and a $1.3 million increase in sales commissions expense.

Research and Development

 Three Months Ended October 31,   20252024ChangeChange % (dollars in thousands)Research and development$96,869 $96,976 $(107)— %Percentage of revenue23 %27 %  

Research and development expense remained relatively constant for the three months ended October 31, 2025 compared to the three months ended October 31, 2024. Hosting and software services costs decreased $3.8 million. This decrease was offset by a $2.9 million increase in personnel-related expenses, which was driven by a $4.6 million increase in salary-related and bonus expenses associated with higher headcount and merit increases partially offset by a $2.0 million decrease in stock-based compensation expense.

General and Administrative

 Three Months Ended October 31,   20252024ChangeChange % (dollars in thousands)General and administrative$53,175 $50,090 $3,085 6 %Percentage of revenue13 %14 %  

General and administrative expense increased by $3.1 million, or 6%, for the three months ended October 31, 2025 compared to the three months ended October 31, 2024. The increase was primarily attributable to a $2.4 million increase in credit loss expense, a $1.8 million increase in third-party advisory fees, and a $0.6 million increase in travel-related expenses, partially offset by a $1.8 million decrease in software service and implementation costs.

Interest Income

 Three Months Ended October 31,   20252024ChangeChange % (dollars in thousands)Interest income$11,701 $10,055 $1,646 16 %Percentage of revenue3 %3 %  

Interest income increased margin