Company: PATH
Filing Date: 2025-06-03
Form Type: 10-Q
Source: 0001734722-25-000030
Chunk: 31

Company: UiPath, Inc.
Filing Date: 2025-06-03
Form: 10-Q
Item: Part I, Item 1
Chunk 31
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Remainder of year ending January 31, 2026$6,814 Year ending January 31,20277,373 20286,028 20292,040 20301,428 Thereafter371 Total$24,054 GoodwillChanges in the carrying amount of goodwill during the three months ended April 30, 2025 were as follows (in thousands): Carrying AmountBalance as of January 31, 2025$87,304 Acquisition of Peak27,964 Effect of foreign currency translation6,103 Balance as of April 30, 2025$121,371 

8. Operating Leases

Our operating leases consist of real estate and vehicles and have remaining lease terms of one year to 13 years. For purposes of calculating operating lease liabilities, lease terms may be deemed to include options to extend the lease when it is reasonably certain that we will exercise those options. Our operating lease arrangements do not contain any material restrictive covenants or residual value guarantees.

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

Lease costs are presented below (in thousands):Three Months Ended April 30,20252024Operating lease cost$3,377 $3,476 Short-term lease cost660 1,123 Variable lease cost938 523 Total$4,975 $5,122 The following table represents the weighted-average remaining lease term and discount rate as of the periods presented:As ofApril 30,2025January 31,2025Weighted-average remaining lease term (years)9.910.1Weighted-average discount rate7.4 %7.2 %Future undiscounted lease payments for our operating lease liabilities as of April 30, 2025 were as follows (in thousands):AmountRemainder of year ending January 31, 2026$7,007 Year ending January 31,202714,990 202813,530 20299,981 20308,913 Thereafter57,191 Total operating lease payments111,612 Less: imputed interest(32,660)Total operating lease liabilities$78,952 As of April 30, 2025, we had non-cancellable commitments in the amount of $0.3 million related to operating leases of vehicles that have not yet commenced.Current operating lease liabilities of $5.5 million