Company: PATH
Filing Date: 2025-12-08
Form Type: 10-Q
Source: 0001734722-25-000050
Chunk: 68

Company: UiPath, Inc.
Filing Date: 2025-12-08
Form: 10-Q
Item: Part I, Item 1
Chunk 68
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-advised fund in the current year, and a $1.4 million aggregate decrease in depreciation and amortization and rent expense. These decreases were partially offset by a $4.2 million increase in third-party advisory fees and a $2.8 million increase in credit loss expense.

Interest Income

 Nine Months Ended October 31,   20252024ChangeChange % (dollars in thousands)Interest income$36,353 $37,255 $(902)(2)%Percentage of revenue3 %4 %  

Interest income remained relatively constant for the nine months ended October 31, 2025 compared to the nine months ended October 31, 2024.

Other (Expense) Income, Net

 Nine Months Ended October 31,   20252024ChangeChange % (dollars in thousands)Other (expense) income, net$(4,636)$26,199 $(30,835)(118)%Percentage of revenue— %3 %  (1) Not meaningful

Other expense, net increased by $30.8 million, or 118%, for the nine months ended October 31, 2025 compared to the nine months ended October 31, 2024, primarily due to a $17.5 million decrease in accretion of net discounts on marketable securities, an $8.4 million increase in losses from foreign currency transactions, and a $5.2 million increase in legal expense related to shareholder litigation.

Benefit From Income Taxes

 Nine Months Ended October 31,   20252024ChangeChange % (dollars in thousands)Benefit from income taxes$(169,677)$(7,236)$(162,441)NM(1)Percentage of revenue(15)%(1)%  (1) Not meaningful

Benefit from income taxes increased by $162.4 million for the nine months ended October 31, 2025 compared to the nine months ended October 31, 2024, mainly driven by release of valuation allowance associated with our U.S. federal and New York City and State DTAs, as well period-over-period change in the proportion of operating profits realized across jurisdictions.

Liquidity and Capital Resources

As of October 31, 2025, our principal sources of liquidity were cash, cash equivalents, and marketable securities totaling $1,519.8 million, and we had an accumulated deficit of $1,810.0 million