Company: LPSN
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001102993-25-000108
Chunk: 5

Company: LIVEPERSON INC
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 2
Chunk 5
---
reciation and Amortization Expense

Our depreciation and amortization expense relates to depreciation and amortization of our property and equipment and to amortization of our intangible assets and finance leases. 

Three Months Ended June 30,Six Months Ended June 30,20252024$ Change% Change20252024$ Change% Change(Dollars in thousands)(Dollars in thousands)Depreciation and amortization expense$5,758$11,396$(5,638)(50)%$11,576$23,838$(12,262)(51)%Percentage of total revenue10 %14 %9 %14 %

Total depreciation and amortization expense decreased by 50% to $5.8 million for the three months ended June 30, 2025 from $11.4 million for the comparable period in 2024. The decrease was primarily driven by the lower intangible asset balance due to impairments during 2024, which drove a reduction in amortization of $3.5 million, in addition to a reduction in depreciation of $2.1 million primarily related to a lower internal-use software balance due to impairments during 2024.

Total depreciation and amortization expense decreased by 51% to $11.6 million for the six months ended June 30, 2025 from $23.8 million for the comparable period in 2024. The decrease was primarily driven by the lower intangible asset balance due to impairments during 2024, which drove a reduction in amortization of $7.5 million, in addition to a reduction in depreciation of $4.8 million primarily related to a lower internal-use software balance due to impairments during 2024.

Impairment of Goodwill

Three Months Ended June 30,Six Months Ended June 30,20252024$ Change% Change20252024$ Change% Change(Dollars in thousands)(Dollars in thousands)Impairment of goodwill$—$—$—— %$— $3,627$(3,627)(100)%Percentage of total revenue— %— %— %2 %

There were no goodwill impairment charges for the three and six months ended June 30, 2025, and the three months ended June 30, 2024. The impairment charge during the six months ended June 30, 2024 was a result of our impairment test in the first quarter of 2024, attributable to the goodwill associated