Company: PATH
Filing Date: 2025-09-08
Form Type: 10-Q
Source: 0001734722-25-000043
Chunk: 107

Company: UiPath, Inc.
Filing Date: 2025-09-08
Form: 10-Q
Item: Part I, Item 8
Chunk 107
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-specific use cases. The total purchase consideration for the acquisition of Peak was $40.1 million, consisting of initial cash consideration of $30.3 million and deferred and contingent consideration with an aggregate acquisition-date fair value of $9.8 million.The Peak acquisition is accounted for as a business combination. The following table summarizes the allocation of purchase price to the assets acquired and liabilities assumed as of the acquisition date (in thousands):March 7, 2025Intangible assets$16,181 Other net liabilities(4,055)Goodwill27,964 Total$40,090 The following table sets forth the identifiable intangible assets acquired and their estimated useful lives as of the acquisition date:Fair Value (in thousands)Estimated Useful Life (in years)Customer relationships$9,228 3.0Developed technology6,447 5.0Trade names and trademarks506 3.0Total$16,181 The acquisition of Peak generated goodwill of $28.0 million representing expected synergies and acquired skilled workforce. None of this goodwill is deductible for tax purposes.

7. Intangible Assets and Goodwill

Intangible Assets, NetAcquired intangible assets, net consisted of the following as of July 31, 2025 (dollars in thousands):  Intangible Assets, GrossAccumulated AmortizationIntangible Assets, NetWeighted-Average Remaining Useful Life (years)Developed technology$36,689 $(24,965)$11,724 3.3Customer relationships18,124 (9,311)8,813 2.6Trade names and trademarks806 (334)472 2.7Other intangibles1,231 (636)595 6.1Total$56,850 $(35,246)$21,604 

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

Acquired intangible assets, net consisted of the following as of January 31, 2025 (dollars in thousands): Intangible Assets, GrossAccumulated AmortizationIntangible Assets, NetWeighted-Average Remaining Useful Life (years)Developed technology$28,130 $(21,416)$6,714 2.2Customer relationships8,183 (7,648)535 0.5Trade names and trademarks271 (271)— 0.0Other intangibles1,231 (