Company: LPSN
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001102993-25-000053
Chunk: 114

Company: LIVEPERSON INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 114
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 to depreciation and amortization of our property and equipment and to amortization of our intangible assets and finance leases. 

Three Months Ended March 31,20252024$ Change% Change(Dollar in thousands)Depreciation and amortization expense$5,818 $12,442 $(6,624)(53)%Percentage of total revenue9 %15 %

Total depreciation and amortization expense decreased by 53% to $5.8 million for the three months ended March 31, 2025 from $12.4 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 $4.0 million, in addition to a reduction in depreciation of $2.6 million primarily related to a lower internal-use software development balance due to impairments during 2024.

Impairment of Goodwill

Three Months Ended March 31,20252024$ Change% Change(Dollar in thousands)Impairment of goodwill$— $3,627 $(3,627)(100)%Percentage of total revenue— %4 %

There were no impairment charges for the three months ended March 31, 2025. The impairment charge during the comparable period was attributable to goodwill associated with our WildHealth reporting unit, which was fully divested in 2024. 

Impairment of Intangibles and Other Assets

Three Months Ended March 31,20252024$ Change% Change(Dollar in thousands)Impairment of intangibles and other assets$— $2,221 $(2,221)(100)%Percentage of total revenue— %3 %

There were no impairment charges related to intangibles and other assets during the three months ended March 31, 2025. The impairment charge during the comparable period in 2024 was attributable to intangible assets associated with our WildHealth reporting unit, which was fully divested in 2024. 

34

Restructuring Costs

We maintain restructuring initiatives to realign our cost structure with our current business model, in which we have flattened the organization to align to more efficient sales and service support. While the Company’s restructuring efforts are ongoing, the 2024 restructuring activities were considered to be substantially completed as of December 31, 2024.

Three Months Ended March 31,20252024$ Change% Change(Dollar in thousands)Restructuring