Company: LPSN
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001102993-25-000187
Chunk: 8

Company: LIVEPERSON INC
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 2
Chunk 8
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450)$(15,007)(178)%Interest income1,207 1,551 (344)(22)%4,157 4,798 (641)(13)%Gain on troubled debt restructuring27,720 — 27,720 — %27,720 — 27,720 — %Gain on debt extinguishment— — — — %— 73,083 (73,083)(100)%Other income (expense), net2,878 (7,615)10,493 138 %8,845 (7,246)16,091 222 %Total other income (expense), net$23,692 $(11,762)$35,454 301 %$17,265 $62,185 $(44,920)(72)%

Total other income (expense), net increased by 301% to income of $23.7 million for the three months ended September 30, 2025 from expense of $11.8 million for the comparable period in 2024. This increase is primarily due to a gain of $27.7 million on the troubled debt restructuring. In addition, a $2.9 million gain in the fair value of our Warrants was recorded in other income (expense), net during the current period, compared to a $7.8 million loss in the comparable period. The remaining amount of total other income (expense), net, is attributable to interest expense on our Notes, partially offset by interest income on our money market accounts, and the impact of currency rate fluctuations.

Total other income (expense), net decreased by 72% to income of $17.3 million for the nine months ended September 30, 2025 from income of $62.2 million for the comparable period in 2024. This decrease is primarily due to a gain of $27.7 million on the troubled debt restructuring, compared to a gain of $73.1 million on the extinguishment of the 2026 Notes during the comparable period. The decrease was partially offset by a $8.8 million gain in the fair value of our Warrants recorded in other income (expense), net during the current period, compared to a $7.8 million loss in the comparable period. The remaining amount of total other income (expense), net, is attributable to interest expense on our Notes, partially offset by interest income on our money market accounts, and the impact of currency rate fluctuations.