Company: LPSN
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001102993-25-000108
Chunk: 40

Company: LIVEPERSON INC
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 40
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classified to conform to current period presentation. These reclassifications had no effect on previously reported net income or equity.Use of EstimatesThe preparation of the condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting period. These estimates are based on information available as of the date of the condensed consolidated financial statements. On a regular basis, management evaluates these estimates and assumptions.Items subject to such estimates and assumptions include, but are not limited to: •stock-based compensation expense; •allowance for credit losses;

10

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(UNAUDITED)

•the period of benefit for deferred contract acquisition costs;•valuation of goodwill;•valuation and useful lives of long-lived assets;•valuation of the cash-settled and share-settled warrants (together, “Warrants”);•valuation of features embedded in the 2029 Notes (as defined below);•income taxes; and•recognition, measurement, and disclosure of contingent liabilities.As of the date of issuance of the financial statements, the Company is not aware of any material specific events or circumstances that would require it to update its estimates, judgments, or to revise the carrying values of its assets or liabilities. These estimates may change, as new events occur and additional information is obtained, and are recognized in the condensed consolidated financial statements as soon as they become known. Actual results could differ from those estimates and any such differences may be material to the Company’s condensed consolidated financial statements.Significant Accounting PoliciesThe Company’s significant accounting policies are described in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024. There have been no significant changes to these policies that have had a material impact on the Company’s condensed consolidated financial statements and related notes for the three and six months ended June 30, 2025.Prepaid expenses and other current assetsThe following table presents the detail of prepaid expenses and other current assets as of the dates presented:June 30,2025December 31,2024(In thousands)Prepaid software maintenance$11,726 $9,868 VAT receivable2,813 2,452 Other prepaid expenses1,627 2,910 Other current assets29,165 4,020 Total prepaid expenses and other current