The company's capital structure is increasingly vulnerable, evidenced by a negative equity position of -$51.5 million and a significant debt burden of $393.8 million as of 2026Q1.
LivePerson, Inc. (LPSN) balance sheet — 27-year assets, liabilities & shareholders' equity history
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 |
|---|
| Total Current Assets | 130.1M | 137.12M | 231.22M | 321.71M | 533.47M | 636.28M | 748.81M | 278.11M | 135.09M | 102.84M | 92.15M | 94.38M | 93.7M | 133.18M | 136.15M | 122.01M | 85.7M | 60.96M | 36.7M | 34.09M | 27.32M | 19.43M | 14.54M | 12.46M | 8.91M | 11.14M | 23.47M | 16M |
| Cash & Short-Term Investments | 96.67M | 95M | 183.24M | 212.93M | 391.78M | 521.85M | 654.15M | 176.52M | 66.45M | 57.63M | 54.96M | 54.31M | 49.37M | 91.91M | 103.34M | 93.28M | 61.34M | 45.57M | 25.5M | 26.22M | 21.73M | 17.12M | 12.43M | 10.9M | 8M | 10.14M | 21.45M | 14.9M |
| Cash Only | 96.67M | 95M | 183.24M | 212.93M | 391.78M | 521.85M | 654.15M | 176.52M | 66.45M | 57.57M | 54.85M | 54.21M | 49.37M | 91.91M | 103.34M | 93.28M | 61.34M | 45.57M | 25.5M | 26.22M | 21.73M | 17.12M | 12.43M | 10.9M | 8M | 10.14M | 20.45M | 14.9M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 63K | 108K | 102K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1M | 0 |
| Accounts Receivable | 19.7M | 30.29M | 31.19M | 81.8M | 86.54M | 93.8M | 80.42M | 87.62M | 46.02M | 37.93M | 31.82M | 30.39M | 31.38M | 29.49M | 23.83M | 21M | 16.49M | 10.27M | 7.57M | 6.03M | 4.27M | 1.73M | 1.64M | 1.24M | 607K | 620K | 1.27M | 500K |
| Days Sales Outstanding | 39.82 | 45.36 | 36.43 | 74.28 | 61.36 | 72.91 | 80.07 | 109.67 | 67.24 | 63.25 | 52.14 | 46.41 | 54.56 | 60.54 | 55.26 | 57.59 | 54.79 | 42.82 | 37.03 | 42.11 | 46.48 | 28.3 | 34.44 | 37.61 | 26.91 | 28.99 | 73.88 | 304.17 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 2.61M | 11.82M | 4.02M | 13.16M | 39.75M | 0 | 14.24M | 13.96M | 22.61M | 7.29M | 5.37M | 9.68M | 12.95M | 11.79M | 8.98M | 7.73M | 7.87M | 5.12M | 3.63M | 1.84M | 1.32M | 591K | 475K | 0 | 0 | 0 | 747K | 600K |
| Total Non-Current Assets | 254.18M | 317.55M | 376.55M | 513.8M | 555.47M | 550.38M | 257.62M | 234.6M | 155.02M | 129.96M | 127.49M | 131.81M | 146.11M | 71.91M | 72.42M | 44.04M | 41.57M | 38.55M | 37.92M | 64.19M | 14.42M | 1.99M | 2.61M | 1.08M | 1.93M | 6.48M | 23.53M | 3.6M |
| Property, Plant & Equipment | 85.37M | 90.39M | 100.61M | 123.46M | 128.1M | 126.7M | 106.67M | 91.92M | 43.73M | 34.7M | 28.4M | 24.13M | 19.58M | 17.62M | 17.5M | 13.88M | 12.76M | 9.55M | 7.47M | 3.73M | 1.12M | 575K | 384K | 341K | 595K | 915K | 12.88M | 2.5M |
| Fixed Asset Turnover | 2.56x | 2.70x | 3.11x | 3.26x | 4.02x | 3.71x | 3.44x | 3.17x | 5.71x | 6.31x | 7.85x | 9.91x | 10.72x | 10.09x | 9.00x | 9.59x | 8.61x | 9.16x | 9.99x | 13.99x | 29.82x | 38.74x | 45.29x | 35.26x | 13.84x | 8.53x | 0.49x | 0.24x |
| Goodwill | 132.39M | 184.9M | 222.55M | 285.63M | 296.21M | 291.21M | 95.19M | 94.99M | 95.03M | 80.53M | 80.25M | 80.32M | 80.85M | 32.72M | 32.65M | 24.09M | 24.02M | 23.92M | 24.39M | 51.68M | 9.67M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 13.42M | 13.41M | 15.07M | 61.63M | 78.1M | 85.55M | 10.93M | 11.81M | 13.83M | 12.37M | 16.51M | 24.62M | 32.62M | 13.09M | 15.68M | 1.09M | 2.12M | 2.82M | 4.32M | 6.95M | 2.64M | 0 | 0 | 361K | 1.01M | 5.34M | 8.29M | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 2.26M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 499K | 326K | 349K | 499K | 299K | 0 | 166K | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 18.48M | 24.34M | 33.91M | 38.56M | 46.37M | 41.87M | 42.8M | 33.71M | 1.71M | 1.6M | 1.56M | 1.96M | 2.3M | 2.23M | 2.42M | 2.15M | 2.17M | 1.93M | 1.39M | 1.32M | -896K | 626K | 338K | 380K | 318K | 229K | 2.36M | 1.1M |
| Total Assets | 384.29M | 454.67M | 607.78M | 835.51M | 1.09B | 1.19B | 1.01B | 512.71M | 290.1M | 232.8M | 219.64M | 226.19M | 239.82M | 205.09M | 208.58M | 166.05M | 127.27M | 99.5M | 74.62M | 98.29M | 41.73M | 21.43M | 17.15M | 13.54M | 10.84M | 17.63M | 47M | 19.6M |
| Asset Turnover | 0.51x | 0.54x | 0.51x | 0.48x | 0.47x | 0.40x | 0.36x | 0.57x | 0.86x | 0.94x | 1.01x | 1.06x | 0.88x | 0.87x | 0.75x | 0.80x | 0.86x | 0.88x | 1.00x | 0.53x | 0.80x | 1.04x | 1.01x | 0.89x | 0.76x | 0.44x | 0.13x | 0.03x |
| Asset Growth % | -110.94% | -25.19% | -27.26% | -23.27% | -8.23% | 17.91% | 96.3% | 76.73% | 24.62% | 5.99% | -2.9% | -5.68% | 16.93% | -1.67% | 25.61% | 30.47% | 27.9% | 33.35% | -24.08% | 135.5% | 94.79% | 24.93% | - | 24.91% | -38.52% | -62.5% | 139.8% | - |
| Total Current Liabilities | 117.82M | 122.57M | 139.94M | 267.55M | 251.56M | 223.43M | 208.55M | 170.43M | 113.85M | 89.06M | 74.68M | 55.26M | 58.75M | 44.3M | 35.56M | 25.66M | 24.1M | 20.96M | 16.98M | 16.45M | 8.08M | 3.77M | 3.26M | 3.97M | 2.77M | 3.27M | 3.19M | 2.6M |
| Accounts Payable | 9.54M | 9.52M | 15.38M | 13.55M | 25.3M | 16.94M | 14.12M | 12.3M | 8.17M | 5.48M | 7.29M | 7.1M | 8.98M | 10.14M | 11.13M | 8.26M | 6.42M | 5.38M | 3.56M | 3.07M | 813K | 346K | 262K | 116K | 136K | 592K | 1.13M | 1.8M |
| Days Payables Outstanding | 33.88 | 50.09 | 46.9 | 42.63 | 43.79 | 35.1 | 42.7 | 50.75 | 42.32 | 30.66 | 37.56 | 33.15 | 57.8 | 85.22 | 113.43 | 90.5 | 78.33 | 89.91 | 59.76 | 76.41 | 32.96 | 24.16 | 25.99 | 20.88 | 30.95 | 32.06 | 72.91 | 821.25 |
| Short-Term Debt | 14.95M | 20.05M | 156K | 72.39M | 0 | 7.12M | 5.72M | 6.6M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 214.49M | 54.3M | 57.98M | 81.86M | 84.49M | 98.81M | 88.85M | 88.75M | 55.02M | 35.56M | 27.14M | 13.86M | 11.99M | 8.75M | 6.53M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.28M | 800K | 560K | 0 | 0 |
| Other Current Liabilities | 1.08M | 8.98M | 19.03M | 2.27M | 12.61M | 1.08M | 58.01M | 32.8M | 29.73M | 26.66M | 20.54M | 20.19M | 22.4M | 12.33M | 3.01M | 10.96M | 10.71M | 8.03M | 7.88M | 8.59M | 4.81M | 2.24M | 1.89M | 0 | 0 | 0 | 2.06M | 800K |
| Current Ratio | 1.10x | 1.12x | 1.65x | 1.20x | 2.12x | 2.85x | 3.59x | 1.63x | 1.19x | 1.15x | 1.23x | 1.71x | 1.59x | 3.01x | 3.83x | 4.76x | 3.56x | 2.91x | 2.16x | 2.07x | 3.38x | 5.16x | 4.46x | 3.14x | 3.21x | 3.41x | 7.36x | 6.15x |
| Quick Ratio | 1.10x | 1.12x | 1.65x | 1.20x | 2.12x | 2.85x | 3.59x | 1.63x | 1.19x | 1.15x | 1.23x | 1.71x | 1.59x | 3.01x | 3.83x | 4.76x | 3.56x | 2.91x | 2.16x | 2.07x | 3.38x | 5.16x | 4.46x | 3.14x | 3.21x | 3.41x | 7.36x | 6.15x |
| Cash Conversion Cycle | 5.93 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 388.42M | 376.59M | 535.15M | 519.83M | 769.29M | 613.79M | 553.95M | 193.74M | 5.52M | 3.68M | 6.48M | 5.63M | 731K | 1.73M | 2.77M | 2.7M | -1.47M | -2.59M | -5.94M | -2.88M | -896K | 446K | 338K | 232K | 176K | 89K | 1.04M | 0 |
| Long-Term Debt | 383.62M | 371.73M | 527.07M | 511.56M | 737.42M | 574.24M | 538.43M | 179.01M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 2.26M | 682K | 5.51M | 7.18M | 12.87M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 16.38M | 4.2M | 3.54M | 2.93M | 2.55M | 2.05M | 1.62M | 1.35M | 1.1M | 915K | 3.33M | 2.36M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 597K | 575K | 4.54M | 2.89M | 28.46M | 31.94M | 6.3M | 72K | 4.2M | 2.77M | 3.15M | 3.27M | 731K | 1.26M | 1.51M | 1.55M | -1.99M | -3.1M | -5.94M | -2.88M | -896K | 446K | 338K | 232K | 176K | 89K | 1.04M | 0 |
| Total Liabilities | 506.24M | 499.16M | 675.09M | 787.38M | 1.02B | 837.22M | 762.5M | 364.18M | 119.37M | 92.74M | 81.16M | 60.89M | 59.48M | 46.04M | 38.33M | 28.35M | 22.62M | 18.37M | 11.04M | 13.57M | 7.19M | 4.21M | 3.6M | 4.2M | 2.95M | 3.36M | 4.22M | 2.6M |
| Total Debt | 398.56M | 391.78M | 527.23M | 591.89M | 742.83M | 584.09M | 551.33M | 198.48M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Debt | 301.89M | 296.78M | 343.99M | 378.96M | 351.05M | 62.24M | -102.82M | 21.96M | -66.45M | -57.57M | -54.85M | -54.21M | -49.37M | -91.91M | -103.34M | -93.28M | -61.34M | -45.57M | -25.5M | -26.22M | -21.73M | -17.12M | -12.43M | -10.9M | -8M | -10.14M | -20.45M | -14.9M |
| Debt / Equity | -3.27x | - | - | 12.30x | 10.91x | 1.67x | 2.26x | 1.34x | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | -8.00x | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | -6.06x | - | - | - | - | - | - | - | - | -31.84x | -6.13x | -5.75x | -4.70x | -14.68x | -4.32x | -3.43x | -2.80x | -2.52x | -4.55x | -4.53x | -7.27x | -4.26x | -4.03x | -22.42x | - | - | - | - |
| Interest Coverage | -2.50x | -1.18x | -8.08x | -19.55x | -39.71x | -2.40x | -6.19x | -8.32x | - | - | - | - | - | - | - | - | - | 161.00x | -59.30x | - | - | - | - | - | - | - | - | - |
| Total Equity | -121.96M | -44.49M | -67.32M | 48.14M | 68.09M | 349.44M | 243.93M | 148.53M | 170.73M | 140.06M | 138.48M | 165.31M | 180.34M | 159.05M | 170.24M | 137.7M | 104.64M | 81.14M | 63.58M | 84.71M | 34.55M | 17.21M | 13.55M | 9.34M | 7.89M | 14.27M | 42.77M | 17M |
| Equity Growth % | -85.81% | 33.9% | -239.84% | -29.3% | -80.51% | 43.25% | 64.23% | -13% | 21.89% | 1.15% | -16.23% | -8.34% | 13.38% | -6.57% | 23.64% | 31.59% | 28.97% | 27.61% | -24.94% | 145.19% | 100.71% | 27% | - | 18.36% | -44.73% | -66.64% | 151.62% | - |
| Book Value per Share | -9.97 | -5.15 | -11.38 | 9.19 | 13.71 | 75.30 | 55.53 | 35.60 | 43.26 | 37.28 | 37.05 | 43.92 | 49.65 | 43.60 | 44.70 | 37.55 | 29.67 | 24.83 | 20.11 | 27.14 | 11.96 | 6.47 | 0.34 | 4.02 | 3.48 | 6.30 | 26.15 | 35.96 |
| Total Shareholders' Equity | -121.96M | -44.49M | -67.32M | 48.14M | 68.09M | 349.44M | 243.93M | 148.53M | 170.73M | 140.06M | 138.48M | 165.31M | 180.34M | 159.05M | 170.24M | 137.7M | 104.64M | 81.14M | 63.58M | 84.71M | 34.55M | 17.21M | 13.55M | 9.34M | 7.89M | 14.27M | 42.77M | 17M |
| Common Stock | 173K | 173K | 94K | 91K | 78K | 75K | 70K | 67K | 64K | 60K | 58K | 57K | 57K | 54K | 56K | 54K | 52K | 49K | 47K | 48K | 41K | 38K | 37K | 36K | 34K | 34K | 34K | 0 |
| Retained Earnings | -1.14B | -1.06B | -991.26M | -856.99M | -692.36M | -516.86M | -391.88M | -283.56M | -187.49M | -163.13M | -144.94M | -119.07M | -92.63M | -85.28M | -81.78M | -88.14M | -100.17M | -109.43M | -117.19M | -93.36M | -99.18M | -101.38M | -103.92M | -106.02M | -105.2M | -98.43M | -71.17M | -9.8M |
| Treasury Stock | -3K | -3K | -3K | -3K | -3K | -3K | -3K | -3K | -3K | -3K | -2K | -1K | -1K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -8.1M | -7.25M | -12.19M | -8.48M | -10.68M | -5.56M | 80K | -4.52M | -4.43M | -2.54M | -6.16M | -2.54M | -1.14M | -343K | -353K | -334K | -299K | -172K | -138K | -19K | -6K | 0 | 0 | -1.16M | -8K | -406K | -5.87M | -4.6M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Quick answers to the most common questions about buying LPSN stock.
As of 2025, LivePerson, Inc. (LPSN) had total assets of $454.7M including $137.1M in current assets.
LivePerson, Inc. (LPSN) carries total debt of $391.8M, offset by $95.0M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
LivePerson, Inc. (LPSN) has total shareholders' equity (book value) of $-44.5M ($-5.15 book value per share). Book value represents the net worth of the company belonging to common stock holders.
LivePerson, Inc. (LPSN) reported a current ratio of 1.12x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.
Key Metrics
Top Statement Risk
Negative equity and insolvency
Metrics are mathematically derived from official filings.
Eroding Equity and Structural Weakness
As reported in financial statements, LivePerson's equity position has deteriorated into negative territory, falling from $48.1 million in 2023Q4 to -$51.5 million by 2026Q1, signaling a persistent erosion of shareholder value that reflects the company's ongoing struggle to achieve operational sustainability amidst a shrinking revenue base.
The shift to negative equity suggests that cumulative losses have now outpaced the company's capital base, leaving the balance sheet in a precarious state. Investors should monitor whether this trend necessitates dilutive equity raises or further debt restructuring to maintain basic operational continuity.
High Leverage Amidst Revenue Contraction
Based on the provided quarterly data, LivePerson maintains a significant debt load of $393.8 million as of 2026Q1, which, when viewed against the backdrop of negative equity, suggests a highly leveraged capital structure that leaves little room for error in the company's turnaround efforts.
The presence of substantial debt on a balance sheet with negative equity indicates that the firm is effectively operating on borrowed capital to fund its ongoing losses. This leverage profile significantly increases the risk of default or forced asset liquidation if the company fails to stabilize its cash flow in the near term.
Tightening Liquidity and Cash Runway
According to recent balance sheet filings, the company's cash reserves have declined from $212.9 million in 2023Q4 to $101.5 million in 2026Q1, a trend that warrants close investigation given the firm's ongoing negative operating margins and the potential for accelerated cash burn in a competitive market.
While a current ratio of 1.12 suggests the company can meet its immediate obligations, the rapid depletion of cash reserves highlights a narrowing window for management to execute a successful pivot. The reliance on existing cash to cover operational deficits suggests that liquidity may become a critical constraint if revenue contraction persists.
Goodwill Impairment and Asset Quality
As indicated by the quarterly data, goodwill remains a significant component of total assets at $184.5 million, representing a substantial portion of the company's $457.6 million asset base, which may be subject to future impairment charges if the business continues to underperform relative to its historical valuations.
The persistence of high goodwill levels on the balance sheet, despite the company's negative equity and declining revenue, suggests a risk that these intangible assets are overstated. Investors should consider the possibility that future write-downs could further erode the company's book value and complicate its financial standing.