Company: LPSN
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001102993-25-000187
Chunk: 146

Company: LIVEPERSON INC
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 146
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4, respectively. During the three months ended September 30, 2025, the outstanding PRSUs vested but have not been distributed as of September 30, 2025.Total stock-based compensation costs included in the condensed consolidated statements of operations for the three and nine months ended September 30, 2025 and 2024 are as follows:

33

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(UNAUDITED)

Three Months Ended September 30,Nine Months Ended September 30,2025202420252024(In thousands)(In thousands)Cost of revenue $77 $251 $466 $882 Sales and marketing 507 2,182 2,944 6,491 General and administrative 1,283 1,725 4,811 5,841 Product development 768 1,217 3,383 5,619 Total$2,635 $5,375 $11,604 $18,833 

Note 12. Restructuring 

LivePerson has undertaken several restructuring initiatives to realign the Company’s cost structure with its current business model, a changing competitive environment and changes in the Company’s commercial performance. During the three months ended September 30, 2025, the Company initiated a new restructuring plan (the “2025 Restructuring Plan”) to reduce cash expenditures to align with the Company’s current commercial performance resulting in a charge of $9.3 million for the quarter. Such costs primarily include severance and other compensation costs and are recorded in Restructuring costs in the condensed consolidated statements of operations. The Company expects the restructuring activities to be substantially completed by the end of fiscal 2025.The following table presents the detail of the liability for the Company’s restructuring costs, which is included in Accrued expenses and other current liabilities within the condensed consolidated balance sheets as of September 30, 2025 and December 31, 2024:September 30,2025December 31,2024(In thousands)Balance, beginning of the year$3,028 $2,076 Severance and other associated costs11,178 12,356 IT contract termination costs— (1,217)Cash payments(6,414)(10,187)Balance, end of period$7,792 $3,028 The following table presents the detail of expenses for the Company’s restructuring costs for the three and nine months ended