Company: LPSN
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001102993-25-000187
Chunk: 102

Company: LIVEPERSON INC
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 102
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 fair value of Warrants of $7.8 million, intangible and other assets impairment of $10.6 million and goodwill impairment of $3.6 million, partially offset by gain on debt extinguishment of $73.1 million, in connection with the exchange of our 2026 Notes. Cash used in operating activities was further driven by a decrease in accrued expenses and other current liabilities of $35.6 million and deferred revenue of $6.1 million, partially offset by decreases in accounts receivable of $22.2 million, and prepaid expenses and other current assets of $6.2 million.

Cash Flows from Investing Activities

Net cash used in investing activities was $11.2 million for the nine months ended September 30, 2025, and was primarily driven by purchases of property and equipment. 

Net cash used in investing activities was $23.5 million for the nine months ended September 30, 2024, and was primarily driven by purchases of property and equipment.

Cash Flows from Financing Activities

Net cash used in financing activities was $45.9 million for the nine months ended September 30, 2025, and was primarily driven by payments to lenders of $45.0 million related to the troubled debt restructuring.

Net cash used in financing activities was $34.9 million for the nine months ended September 30, 2024, which was driven primarily by the full repayment of our 2024 Notes for $72.5 million, the repurchase of 2026 Notes for $4.9 million and payments of debt issuance costs of $7.4 million in connection with the debt exchange transaction, partially offset by proceeds of $50.0 million from the issuance of 2029 Notes.

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We have incurred significant expenses to develop our technology and services, to hire employees in our customer service and sales and marketing departments, and for the amortization of purchased intangible assets, as well as acquisition costs and non-cash compensation costs. Historically, we have incurred net losses and negative cash flows for various quarterly and annual periods since our inception, including during numerous quarters and annual periods in the past several years. As of September 30, 2025, we had an accumulated deficit of $1,012.4 million.

Our principal sources of liquidity are the net proceeds from the issuance of our convertible senior notes, after deducting purchaser discounts as applicable and debt issuance costs paid by us, and payments received from customers using our products. We anticipate that our