Company: PATH
Filing Date: 2025-12-08
Form Type: 10-Q
Source: 0001734722-25-000050
Chunk: 86

Company: UiPath, Inc.
Filing Date: 2025-12-08
Form: 10-Q
Item: Part I, Item 8
Chunk 86
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 real estate facilities that have not yet commenced.Current operating lease liabilities of $10.0 million and $3.6 million were included in accrued expenses and other current liabilities on our condensed consolidated balance sheets as of October 31, 2025 and January 31, 2025, respectively.Supplemental cash flow information related to leases for the three and nine months ended October 31, 2025 and 2024 was as follows (in thousands):Three Months Ended October 31,Nine Months Ended October 31,2025202420252024Cash paid for amounts included in the measurement of operating lease liabilities$4,728 $1,725 $12,769 $9,043 Operating lease ROU assets obtained in exchange for new operating lease liabilities$2,210 $1,014 $5,204 $20,806 

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

9. Condensed Consolidated Balance Sheet Components

Prepaid Expenses and Other Current AssetsPrepaid expenses and other current assets consisted of the following (in thousands):As ofOctober 31,2025January 31,2025Prepaid expenses and service credits$54,957 $65,334 Other current assets57,171 20,942 Prepaid expenses and other current assets$112,128 $86,276 Property and Equipment, NetProperty and equipment, net consisted of the following (in thousands):As ofOctober 31,2025January 31,2025Computers and equipment$24,723 $23,677 Leasehold improvements51,043 31,402 Furniture and fixtures9,028 7,124 Construction in progress3,253 9,562 Other652 635 Property and equipment, gross88,699 72,400 Less: accumulated depreciation(44,095)(39,660)Property and equipment, net$44,604 $32,740 Depreciation expense for the three months ended October 31, 2025 and 2024 was $1.5 million and $2.1 million, respectively. Depreciation expense for the nine months ended October 31, 2025 and 2024 was $3.9 million and $6.7 million, respectively.Other Assets, Non-CurrentAs of October 31, 2025 and January 31, 202