Company: PATH
Filing Date: 2025-09-08
Form Type: 10-Q
Source: 0001734722-25-000043
Chunk: 12

Company: UiPath, Inc.
Filing Date: 2025-09-08
Form: 10-Q
Item: Part I, Item 2
Chunk 12
---
 expense was also impacted by a $2.5 million decrease in other taxes in non-U.S. jurisdictions and a $1.1 million decrease in software service and implementation costs.

Interest Income

 Three Months Ended July 31,   20252024ChangeChange % (dollars in thousands)Interest income$12,004 $13,370 $(1,366)(10)%Percentage of revenue3 %4 %  

Interest income decreased by $1.4 million, or 10%, for the three months ended July 31, 2025 compared to the three months ended July 31, 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 Income, Net

 Three Months Ended July 31,   20252024ChangeChange % (dollars in thousands)Other income, net$11,508 $7,710 $3,798 49 %Percentage of revenue3 %3 %  

35

Other income, net increased by $3.8 million, or 49%, for the three months ended July 31, 2025 compared to the three months ended July 31, 2024, primarily due to a $9.5 million increase in gains from foreign currency transactions partially offset by a $5.9 million decrease in accretion of net discounts on marketable securities.

Provision For Income Taxes

 Three Months Ended July 31,   20252024ChangeChange % (dollars in thousands)Provision for income taxes$1,743 $3,828 $(2,085)(54)%Percentage of revenue— %1 %  

Provision for income taxes decreased by $2.1 million, or 54%, for the three months ended July 31, 2025 compared to the three months ended July 31, 2024, mainly driven by period-over-period change in the proportion of operating profits realized across jurisdictions.

Comparison of the Six Months Ended July 31, 2025 and July 31, 2024

Revenue

Six Months Ended July 31,20252024ChangeChange %(dollars in thousands)Licenses$240,447 $252,379 $(11,932)(5)%Subscription services455,666 379,804 75,862 20 %Professional services and other22,239