Company: PATH
Filing Date: 2025-03-24
Form Type: 10-K
Source: 0001734722-25-000007
Chunk: 93

Company: UiPath, Inc.
Filing Date: 2025-03-24
Form: 10-K
Item: Item 8
Chunk 93
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100 Goodwill34,351 Total assets acquired47,751 Deferred tax liabilities assumed(3,170)Total$44,581 The following table sets forth the identifiable intangible assets acquired and their estimated useful lives as of the date of acquisition:Fair Value(in thousands)Estimated Useful Life(in years)Developed technology$10,000 5.0Customer relationships3,100 3.0Total$13,100 The acquisition of Re:infer generated goodwill of $34.4 million representing expected synergies and acquired skilled workforce. None of this goodwill is deductible for tax purposes. We incurred transaction costs in connection with the Re:infer acquisition of $1.1 million, which were included in general and administrative expenses in the consolidated statement of operations for fiscal year 2023.

7Intangible Assets and GoodwillIntangible Assets, NetIntangible assets, net consisted of the following as of January 31, 2025 (dollars in thousands):Intangible Assets, GrossAccumulated AmortizationIntangible Assets, NetWeighted-AverageRemaining UsefulLife (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 (575)656 6.4Total$37,815 $(29,910)$7,905 

98

UiPath, Inc.Notes to Consolidated Financial Statements 

Intangible assets, net consisted of the following as of January 31, 2024 (dollars in thousands):IntangibleAssets, GrossAccumulatedAmortizationIntangibleAssets, NetWeighted-AverageRemaining UsefulLife (Years)Developed technology$28,807 $(16,881)$11,926 2.8Customer relationships8,266 (6,306)1,960 1.3Trade names and trademarks272 (266)6 0.2Other intangibles1,231 (419)812 7.0Total$38,576 $(23,872)$14,704 We record amortization expense associated with acquired developed technology in cost of licenses revenue and cost of subscription services revenue, trade names and trademarks in sales and marketing expense, customer relationships in sales and marketing expense, and other intangibles in general and administrative expense