Company: LPSN
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001102993-25-000108
Chunk: 8

Company: LIVEPERSON INC
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 2
Chunk 8
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. The remaining amount of total other (expense) income, net, is primarily attributable to interest income on our money market accounts, and the impact of currency rate fluctuations.

Total other (expense) income, net decreased by 109% to expense of $6.4 million for the six months ended June 30, 2025 from income of $73.9 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, a $5.8 million gain in the fair value of our Warrants was recorded in other (expense) income, net during the current period. The remaining amount of total other (expense) income, net, is primarily attributable to interest income on our money market accounts, and the impact of currency rate fluctuations.

Provision for Income Taxes

Three Months Ended June 30,Six Months Ended June 30,20252024$ Change% Change20252024$ Change% Change(Dollars in thousands)(Dollars in thousands)Provision for income taxes$384 $1,258 $(874)(70)%$39 $1,620 $(1,581)(98)%

Provision for income taxes was $0.4 million and a less than $0.1 million for the three and six months ended June 30, 2025, compared to $1.3 million and $1.6 million for the comparable periods in 2024. Our consolidated effective tax rate was impacted by the statutory income tax rates applicable to each of the jurisdictions in which we operate, valuation allowance recorded against losses generated in the U.S. and Germany, a tax benefit related to an increase in tax receivables, and changes to unrecognized tax benefits in Israel. The overall tax provision recorded represents tax on non-U.S. earnings in the various jurisdictions in which we operate and the provision for U.S. state and local impacts. The total tax expense associated with non-U.S. jurisdictions is relatively consistent between periods.

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Liquidity and Capital Resources

The following describes the Company’s cash flows for the six months ended June 30, 2025 and 2024:

Six Months Ended June 30,20252024(In thousands)Condensed Consolidated Statements of Cash Flows Data:Net cash used in operating activities$(14,772)$(16,832)Net cash used in investing activities(7,947)(17