Company: PATH
Filing Date: 2025-06-03
Form Type: 10-Q
Source: 0001734722-25-000030
Chunk: 118

Company: UiPath, Inc.
Filing Date: 2025-06-03
Form: 10-Q
Item: Part I, Item 2
Chunk 118
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 $2.4 million decrease in charitable donations mainly driven by the decreased fair value of our Class A common shares contributed to a donor-advised fund in the current year, a $1.8 million decrease in other taxes in non-U.S. jurisdictions, and a $0.7 million decrease in commercial insurance costs. These decreases were partially offset by a $2.1 million increase in third-party advisory fees.

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Interest Income

 Three Months Ended April 30,   20252024ChangeChange % (dollars in thousands)Interest income$12,648 $13,830 $(1,182)(9)%Percentage of revenue4 %4 %  

Interest income decreased by $1.2 million, or 9%, for the three months ended April 30, 2025 compared to the three months ended April 30, 2024 as a result of a period-over-period decrease in our aggregate balance of cash and cash equivalents and marketable securities, as well as decreased interest rates.

Other (Expense) Income, Net

 Three Months Ended April 30,   20252024ChangeChange % (dollars in thousands)Other (expense) income, net$(15,964)$10,679 $(26,643)NM (1)Percentage of revenue(4)%3 %  (1) Not meaningful

Other expense, net increased by $26.6 million for the three months ended April 30, 2025 compared to the three months ended April 30, 2024, primarily due to a $15.9 million increase in losses from foreign currency transactions as a result of the lower value of the U.S. dollar during the three months ended April 30, 2025, a $5.6 million decrease in accretion of net discounts on marketable securities, and a $5.1 million increase in legal expense related to shareholder litigation.

Provision For Income Taxes

 Three Months Ended April 30,   20252024ChangeChange % (dollars in thousands)Provision for income taxes$2,827 $3,780 $(953)(25)%Percentage of revenue1 %1 %  

Provision for income taxes decreased by $1.0 million, or 25%, for the three months ended April 30, 2025 compared to the three months ended April 30, 2024, mainly driven by the lower non-U.S. operating profits.