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PATH Current Contract Liabilities

Current Contract Liabilities

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As of Q3'26 (2025-10-31), PATH's current contract liabilities stand at USD 534M, marking a notable decrease from the previous quarter's value of USD 611M. This latest data point reflects a significant quarter-over-quarter decline of approximately USD 77M. Analyzing the period from Q4'23 (2023-01-31) to Q3'26 (2025-10-31), the chart shows a generally volatile trend with several fluctuations. After peaking at USD 705M in Q4'25, current contract liabilities have trended downward over the following quarters, reversing earlier growth observed between Q3'24 and Q4'25. This pattern suggests periods of both expansion and contraction, with the most recent quarters indicating a shift toward declining contract liabilities.