Company: LPSN
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001102993-25-000108
Chunk: 130

Company: LIVEPERSON INC
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 8
Chunk 130
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 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 reversal in the comparable period which did not recur in the current period.

Restructuring costs decreased by 71% to $1.9 million for the six months ended June 30, 2025, from $6.4 million for the comparable period in 2024. This decrease is attributable to a $5.1 million decrease in severance and other associated costs due to fewer reductions in our workforce compared to the comparable period, partially offset by a $0.6 million increase in IT infrastructure contract termination costs due to a reversal in the comparable period which did not recur in the current period.

Total Other (Expense) Income, net

36

Interest expense represents interest expense from our convertible senior notes, and amortization of debt issuance costs and debt discount. Interest income represents interest earned from cash deposits. Other (expense) income, net consists primarily of fair value adjustments for our Warrants and foreign currency gains and losses. 

Three Months Ended June 30,Six Months Ended June 30,20252024$ Change% Change20252024$ Change% Change(Dollars in thousands)(Dollars in thousands)Interest expense$(7,866)$(2,051)$(5,815)(284)%$(15,344)$(2,752)$(12,592)(458)%Interest income1,493 1,214 279 23 %2,950 3,247 (297)(9)%Gain on debt extinguishment— 73,083 (73,083)(100)%— 73,083 (73,083)(100)%Other (expense) income, net(2,520)606 (3,126)(516)%5,967 369 5,598 1,517 %Total other (expense) income, net$(8,893)$72,852 $(81,745)(112)%$(6,427)$73,947 $(80,374)(109)%

Total other (expense) income, net decreased by 112% to expense of $8.9 million for the three months ended June 30, 2025 from income of $72.9 million for the comparable period in 2024. This decrease is primarily due to a gain of $73.1 million on the extinguishment of the 2026 Notes during the comparable period. In addition