Company: PATH
Filing Date: 2025-03-24
Form Type: 10-K
Source: 0001734722-25-000007
Chunk: 195

Company: UiPath, Inc.
Filing Date: 2025-03-24
Form: 10-K
Item: Item 7
Chunk 195
---
Weighted-average remaining lease term (years)10.110.7Weighted-average discount rate7.2 %7.1 %Future undiscounted lease payments for our operating lease liabilities as of January 31, 2025 were as follows (in thousands):AmountYear Ended January 31,2026$8,420 202714,567 202813,214 20299,808 20308,824 Thereafter56,829 Total operating lease payments111,662 Less: imputed interest(33,845)Total operating lease liabilities$77,817 

100

UiPath, Inc.Notes to Consolidated Financial Statements 

As of January 31, 2025, we had non-cancellable commitments in the amount of $0.2 million related to operating leases of real estate facilities that have not yet commenced.

9Consolidated Balance Sheet ComponentsPrepaid Expenses and Other Current AssetsPrepaid expenses and other current assets consisted of the following (in thousands):As of January 31,20252024Prepaid expenses and service credits$65,334 $87,781 Other current assets20,942 17,199 Prepaid expenses and other current assets$86,276 $104,980 Property and Equipment, NetProperty and equipment, net consisted of the following (in thousands):As of January 31,20252024Computers and equipment$23,677 $23,767 Leasehold improvements31,402 21,756 Furniture and fixtures7,124 6,640 Construction in progress9,562 4,560 Other635 632 Property and equipment, gross72,400 57,355 Less: accumulated depreciation(39,660)(33,373)Property and equipment, net$32,740 $23,982 Depreciation expense was $8.1 million, $11.1 million, and $8.6 million for fiscal years 2025, 2024, and 2023, respectively.Other Assets, Non-CurrentAs of January 31, 2025 and January 31, 2024, other assets, non-current included $24.4 million and $1.5 million, respectively, related to equity investments in private companies without readily determinable fair values. As a measurement alternative, these investments are reported at cost and are assessed periodically to determine whether their carrying value must be adjusted for observable changes in price or indicators of