Company: PATH
Filing Date: 2025-12-08
Form Type: 10-Q
Source: 0001734722-25-000050
Chunk: 35

Company: UiPath, Inc.
Filing Date: 2025-12-08
Form: 10-Q
Item: Part I, Item 1
Chunk 35
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 of the following as of January 31, 2025 (dollars in thousands): Intangible Assets, GrossAccumulated AmortizationIntangible Assets, NetWeighted-Average Remaining Useful Life (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 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 in the condensed consolidated statements of operations. Amortization of acquired intangible assets was $2.3 million and $1.7 million for the three months ended October 31, 2025 and 2024, respectively, and $5.9 million and $5.5 million for the nine months ended October 31, 2025 and 2024, respectively.Expected future amortization expense related to intangible assets was as follows as of October 31, 2025 (in thousands): AmountRemainder of year ending January 31, 2026$2,353 Year ending January 31,20278,029 20286,795 20292,585 20301,404 Thereafter417 Total$21,583 GoodwillChanges in the carrying amount of goodwill during the nine months ended October 31, 2025 were as follows (in thousands): Carrying AmountBalance as of January 31, 2025$87,304 Acquisition of Peak27,964 Effect of foreign currency translation5,357 Balance as of October 31, 2025$120,625 

8. Operating Leases

Our operating leases consist of real estate and vehicles and have remaining lease terms of one year to 12 years. For purposes of calculating operating lease liabilities, lease terms are 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 (