Company: LPSN
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001102993-25-000108
Chunk: 6

Company: LIVEPERSON INC
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 2
Chunk 6
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 with our WildHealth reporting unit, which was fully divested in 2024. 

Impairment of Intangibles and Other Assets

35

Three Months Ended June 30,Six Months Ended June 30,20252024$ Change% Change20252024$ Change% Change(Dollars in thousands)(Dollars in thousands)Impairment of intangibles and other assets$— $8,347$(8,347)(100)%$— $10,568$(10,568)(100)%Percentage of total revenue— %10 %— %6 %

There were no impairment charges related to intangibles and other assets during the three and six months ended June 30, 2025. For the three months ended June 30, 2024, impairment of intangibles and other assets represents a non-cash charge of $8.3 million related to the impairment of internal-use software. Impairment of intangibles and other assets for the six months ended June 30, 2024 also includes a non-cash charge of $2.2 million as a result of our impairment test in the first quarter of 2024, attributable to the intangible assets associated with our WildHealth reporting unit.

Restructuring Costs

We maintain restructuring initiatives to realign our cost structure with our current business model, in which we have flattened the organization to align to more efficient sales and service support. While the Company’s restructuring efforts are ongoing, the 2024 restructuring activities were considered to be substantially completed as of December 31, 2024.

Three Months Ended June 30,Six Months Ended June 30,20252024$ Change% Change20252024$ Change% Change(Dollars in thousands)(Dollars in thousands)Restructuring costs$561$3,119$(2,558)(82)%$1,866$6,428$(4,562)(71)%Percentage of total revenue1 %4 %2 %4 %

Restructuring costs decreased by 82% to $0.6 million for the three months ended June 30, 2025, from $3.1 million  for the comparable period in 2024. This decrease is attributable to a $3.8 million decrease in severance and other associated costs due to fewer reductions in our workforce compared to the comparable period, partially offset by a $1.3 million increase in IT infrastructure contract termination costs due to a