Company: LPSN
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001102993-25-000053
Chunk: 100

Company: LIVEPERSON INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 100
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 correlation or other means.•Level 3: Unobservable inputs reflecting the Company’s assumptions incorporated in valuation techniques used to determine fair value. These assumptions are required to be consistent with market participant assumptions that are reasonably available.

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NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(UNAUDITED)

Financial Assets and LiabilitiesThe carrying amount of cash, accounts receivable, and accounts payable approximate their fair value due to their short-term nature. The Company’s assets and liabilities that are measured at fair value on a recurring basis, by level, within the fair value hierarchy as of March 31, 2025 and December 31, 2024, are summarized as follows: March 31, 2025Level 1Level 2Level 3Total(In thousands)AssetsCash equivalents - money market funds$99,324 $— $— $99,324 Total assets$99,324 $— $— $99,324 Liabilities:Warrants liability$— $— $8,674 $8,674 Total liabilities$— $— $8,674 $8,674 December 31, 2024Level 1Level 2Level 3Total(In thousands)Assets:Cash equivalents - money market funds$105,772 $— $— $105,772 Total assets$105,772 $— $— $105,772 Liabilities:Warrants liability$— $— $17,498 $17,498 Total liabilities$— $— $17,498 $17,498 In determining fair value, the Company utilizes valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible as well as considers counterparty credit risk in its assessment of fair value. Observable or market inputs reflect market data obtained from independent sources, while unobservable inputs reflect the Company’s assumptions based on the best information available.The Company’s money market funds are measured at fair value on a recurring basis based on quoted market prices in active markets and are classified as Level 1 within the fair value hierarchy. The Company’s Warrants liability was measured at fair value on a recurring basis and was classified as Level 3 within the fair value hierarchy. Significant changes in unobservable inputs could result in significantly lower or higher fair value measurements. On a nonrecurring basis, the Company uses fair value measures when analyzing