Company: LPSN
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001102993-25-000187
Chunk: 101

Company: LIVEPERSON INC
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 101
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. state and local impacts. The total tax expense associated with non-U.S. jurisdictions is relatively consistent between periods.

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Liquidity and Capital Resources

The following describes the Company’s cash flows for the nine months ended September 30, 2025 and 2024:

Nine Months Ended September 30,20252024(In thousands)Condensed Consolidated Statements of Cash Flows Data:Net cash used in operating activities$(20,781)$(12,015)Net cash used in investing activities(11,215)(23,505)Net cash used in financing activities$(45,852)$(34,862)

As of September 30, 2025, we had $106.7 million in cash and cash equivalents, a decrease of $76.6 million from December 31, 2024. The decrease is primarily attributable to cash paid of $45.0 million related to the troubled debt restructuring, various uses of cash for operating purposes, and purchases of property and equipment.

Cash Flows from Operating Activities

Net cash used in operating activities was $20.8 million for the nine months ended September 30, 2025. Our net loss of $21.1 million includes the effect of non-cash expenses of depreciation of $16.6 million, stock-based compensation of $11.6 million, interest expense of $13.8 million, and amortization of debt issuance costs and accretion of 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