Company: PATH
Filing Date: 2025-12-08
Form Type: 10-Q
Source: 0001734722-25-000050
Chunk: 113

Company: UiPath, Inc.
Filing Date: 2025-12-08
Form: 10-Q
Item: Part I, Item 8
Chunk 113
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 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 marginally for the three months ended October 31, 2025 compared to the three months ended October 31, 2024.

Other (Expense) Income, Net

 Three Months Ended October 31,   20252024ChangeChange % (dollars in thousands