Company: LPSN
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001102993-25-000108
Chunk: 43

Company: LIVEPERSON INC
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 43
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 price allocated in contracts with original duration of one year or greater to the remaining performance obligations was $197.2 million. As of June 30, 2025, 96% of the Company’s remaining performance obligations are expected to be recognized during the next 24 months, with the balance recognized thereafter. The aggregate balance of unsatisfied performance obligations represents contracted revenue that has not yet been recognized, and does not include contract amounts that are cancellable by the customer, amounts associated with optional renewal periods, and any amounts related to performance obligations, which are billed and recognized as they are delivered. The Company has elected the optional exemption, which allows for the exclusion of the amounts for remaining performance obligations that are part of contracts with an original expected duration of less than one year. Such remaining performance obligations represent unsatisfied or partially unsatisfied performance obligations pursuant to ASC 606, Revenue from Contracts with Customers. 

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NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(UNAUDITED)

Contracts with Multiple Performance ObligationsThe Company’s contracts with customers contain multiple performance obligations. For these contracts, the Company accounts for individual performance obligations separately if they are distinct. The transaction price is allocated to the separate performance obligations on a relative standalone selling price (“SSP”) basis. Judgment is required to determine the SSP for each distinct performance obligation. The Company determines SSP based on observable prices at which the performance obligations are sold separately. When not directly observable, SSP is estimated using an adjusted market assessment approach, which considers market conditions and other entity-specific factors. Revenue by Geographic LocationThe Company is domiciled in the United States and has international operations around the globe. The following table presents the Company’s revenues attributable to operations by region for the periods presented:Three Months Ended June 30,Six Months Ended June 30,2025202420252024(In thousands)(In thousands)Americas (1)$38,136 $56,385 $79,688 $118,410 EMEA (2)12,466 14,559 26,652 28,780 APAC (3)8,998 8,931 17,960 17,834 Total revenue$59,600 $79,875 $124,300 $165,024 ——————————————(1)United States, Canada, Latin America and South America (“Americas”)(2)Europe, the Middle East and Africa (“EMEA”)(3)Asia-Pacific (“APAC”)