Company: PATH
Filing Date: 2025-09-08
Form Type: 10-Q
Source: 0001734722-25-000043
Chunk: 57

Company: UiPath, Inc.
Filing Date: 2025-09-08
Form: 10-Q
Item: Part I, Item 1
Chunk 57
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 directly or indirectly observable in the market, including readily-available pricing sources for the identical underlying security which may not be actively traded. Other investments carried at fair value (which consist of convertible bonds of private company the H Company purchased during fiscal year 2025) and contingent consideration liability associated with business acquisition are classified as Level 3 because their valuation relies on unobservable inputs.

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

6. Business Acquisition

Peak AI LimitedOn March 7, 2025, we acquired all outstanding equity of Peak AI Limited ("Peak"), a UK-based software company that provides pricing and inventory intelligence technology. With this acquisition, we gain an experienced team, established customer relationships in retail and manufacturing sectors, and technology that is optimized for industry-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 int