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

Company: LIVEPERSON INC
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 2
Chunk 10
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 debt discount of $5.6 million, partially offset by a gain on troubled debt restructuring of $42.4 million, and a gain from the change in the fair value of our Warrants of $8.8 million. Net cash used in operating activities was further driven by a decrease in accounts payable, accrued expenses and other current liabilities of $12.4 million, and a decrease in deferred revenue of $2.8 million, partially offset by decreases in accounts receivable of $10.2 million, contract acquisition costs of $7.1 million, and prepaid expenses and other current assets of $1.5 million.

Net cash used in operating activities was $12.0 million for the nine months ended September 30, 2024. Our net loss of $22.1 million includes the effect of non-cash expenses related to depreciation of $23.2 million, stock-based compensation of $18.8 million, amortization of purchased intangible assets and finance leases of $11.6 million, allowance for credit losses of $9.6 million, change in 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