Company: PATH
Filing Date: 2025-09-08
Form Type: 10-Q
Source: 0001734722-25-000043
Chunk: 62

Company: UiPath, Inc.
Filing Date: 2025-09-08
Form: 10-Q
Item: Part I, Item 1
Chunk 62
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 incurring a payment obligation, if any, in connection with these indemnification arrangements is remote.

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

Workforce RestructuringOn July 8, 2024, our board of directors approved restructuring actions (the "Fiscal Year 2025 Workforce Restructuring") to reshape the organization by streamlining our structure, particularly in operational and corporate functions, to better prioritize our go-to-market investments and focus our research and development investments on AI and driving innovation across our platform. The Fiscal Year 2025 Workforce Restructuring was completed during the three months ended July 31, 2025.The following table presents amounts incurred for restructuring-related costs during the six months ended July 31, 2025, 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