Company: LPSN
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001102993-25-000053
Chunk: 115

Company: LIVEPERSON INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 115
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 costs$1,305 $3,309 $(2,004)(61)%Percentage of total revenue2 %4 %

Restructuring costs decreased by 61% to $1.3 million for the three months ended March 31, 2025, from $3.3 million for the comparable period in 2024. This decrease is attributable to a $1.3 million decrease in severance and other associated costs due to fewer reductions in our workforce compared to the comparable period, and a $0.7 million decrease in IT infrastructure contract termination costs.

Total Other Income, net

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 income (expense), net consists primarily of fair value adjustments for our Warrants and foreign currency gains and losses. 

Three Months Ended March 31,20252024$ Change% Change(Dollar in thousands)Interest expense$(7,478)$(701)$(6,777)(967)%Interest income1,457 2,033 (576)(28)%Other income (expense), net8,487 (237)8,724 3,681 %Total other income, net$2,466 $1,095 $1,371 125 %

Total other income, net increased by 125% to $2.5 million for the three months ended March 31, 2025 from $1.1 million for the comparable period in 2024. This increase is primarily due to a $8.8 million adjustment to the fair value of our Warrants recorded in other income (expense), net, partially offset by a $6.8 million increase in interest expense on our convertible debt. The remaining amount of total other income, net, is primarily attributable to interest income on our money market accounts, and the impact of currency rate fluctuations.

(Benefit from) Provision for Income Taxes

Three Months Ended March 31,20252024$ Change% Change(Dollar in thousands)(Benefit from) provision for income taxes$(345)$362 $(707)(195)%

Benefit from income taxes was $0.3 million for the three months ended March 31, 2025, compared to the provision for income taxes of $0.4 million for the comparable period 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