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Side-by-side financial comparison of LIVEPERSON INC (LPSN) and P10, Inc. (PX). Click either name above to swap in a different company.

P10, Inc. is the larger business by last-quarter revenue ($81.0M vs $59.3M, roughly 1.4× LIVEPERSON INC). P10, Inc. runs the higher net margin — 11.7% vs -77.8%, a 89.4% gap on every dollar of revenue. On growth, P10, Inc. posted the faster year-over-year revenue change (-4.7% vs -19.0%). P10, Inc. produced more free cash flow last quarter ($18.1M vs $-12.0M). Over the past eight quarters, P10, Inc.'s revenue compounded faster (10.7% CAGR vs -16.6%).

LivePerson is a global technology company that develops conversational commerce and AI software.

P10, Inc. is a global alternative investment management firm that offers a diversified portfolio of investment solutions spanning private equity, private credit, real assets and venture capital. It primarily caters to institutional clients including pension funds, endowments, foundations, and high-net-worth individuals across North America, Europe, and Asia Pacific.

LPSN vs PX — Head-to-Head

Bigger by revenue
PX
PX
1.4× larger
PX
$81.0M
$59.3M
LPSN
Growing faster (revenue YoY)
PX
PX
+14.3% gap
PX
-4.7%
-19.0%
LPSN
Higher net margin
PX
PX
89.4% more per $
PX
11.7%
-77.8%
LPSN
More free cash flow
PX
PX
$30.1M more FCF
PX
$18.1M
$-12.0M
LPSN
Faster 2-yr revenue CAGR
PX
PX
Annualised
PX
10.7%
-16.6%
LPSN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
LPSN
LPSN
PX
PX
Revenue
$59.3M
$81.0M
Net Profit
$-46.1M
$9.5M
Gross Margin
73.2%
Operating Margin
-68.7%
31.9%
Net Margin
-77.8%
11.7%
Revenue YoY
-19.0%
-4.7%
Net Profit YoY
58.9%
79.0%
EPS (diluted)
$-9.22
$0.08

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
LPSN
LPSN
PX
PX
Q4 25
$59.3M
$81.0M
Q3 25
$60.2M
$75.9M
Q2 25
$59.6M
$72.7M
Q1 25
$64.7M
$67.7M
Q4 24
$73.2M
$85.0M
Q3 24
$74.2M
$74.2M
Q2 24
$79.9M
$71.1M
Q1 24
$85.1M
$66.1M
Net Profit
LPSN
LPSN
PX
PX
Q4 25
$-46.1M
$9.5M
Q3 25
$8.7M
$2.1M
Q2 25
$-15.7M
$3.4M
Q1 25
$-14.1M
$4.5M
Q4 24
$-112.1M
$5.3M
Q3 24
$-28.3M
$1.4M
Q2 24
$41.8M
$7.0M
Q1 24
$-35.6M
$5.0M
Gross Margin
LPSN
LPSN
PX
PX
Q4 25
73.2%
Q3 25
71.4%
Q2 25
69.7%
Q1 25
71.8%
Q4 24
77.4%
Q3 24
73.1%
Q2 24
79.4%
Q1 24
71.3%
Operating Margin
LPSN
LPSN
PX
PX
Q4 25
-68.7%
31.9%
Q3 25
-24.2%
14.1%
Q2 25
-10.8%
24.4%
Q1 25
-26.2%
16.6%
Q4 24
-138.0%
26.9%
Q3 24
-21.6%
11.9%
Q2 24
-37.3%
23.7%
Q1 24
-42.7%
18.3%
Net Margin
LPSN
LPSN
PX
PX
Q4 25
-77.8%
11.7%
Q3 25
14.5%
2.8%
Q2 25
-26.4%
4.7%
Q1 25
-21.8%
6.7%
Q4 24
-153.2%
6.2%
Q3 24
-38.1%
1.9%
Q2 24
52.3%
9.8%
Q1 24
-41.8%
7.6%
EPS (diluted)
LPSN
LPSN
PX
PX
Q4 25
$-9.22
$0.08
Q3 25
$-2.76
$0.02
Q2 25
$-0.17
$0.03
Q1 25
$-0.24
$0.04
Q4 24
$-17.23
$0.05
Q3 24
$-4.74
$0.01
Q2 24
$-0.33
$0.06
Q1 24
$-0.40
$0.04

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
LPSN
LPSN
PX
PX
Cash + ST InvestmentsLiquidity on hand
$95.0M
$28.2M
Total DebtLower is stronger
$373.2M
Stockholders' EquityBook value
$-44.5M
$403.5M
Total Assets
$454.7M
$928.3M
Debt / EquityLower = less leverage
0.93×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LPSN
LPSN
PX
PX
Q4 25
$95.0M
$28.2M
Q3 25
$106.7M
$40.0M
Q2 25
$162.0M
$33.4M
Q1 25
$176.3M
$74.4M
Q4 24
$183.2M
$67.5M
Q3 24
$142.1M
$61.5M
Q2 24
$146.0M
$31.2M
Q1 24
$127.1M
$29.0M
Total Debt
LPSN
LPSN
PX
PX
Q4 25
$373.2M
Q3 25
$393.4M
Q2 25
$373.0M
Q1 25
$357.2M
Q4 24
$319.8M
Q3 24
$319.4M
Q2 24
$300.6M
Q1 24
$512.1M
$314.0M
Stockholders' Equity
LPSN
LPSN
PX
PX
Q4 25
$-44.5M
$403.5M
Q3 25
$-22.1M
$396.8M
Q2 25
$-82.4M
$388.9M
Q1 25
$-74.9M
$374.3M
Q4 24
$-67.3M
$386.9M
Q3 24
$45.9M
$394.1M
Q2 24
$66.6M
$396.9M
Q1 24
$19.2M
$400.1M
Total Assets
LPSN
LPSN
PX
PX
Q4 25
$454.7M
$928.3M
Q3 25
$511.4M
$936.0M
Q2 25
$604.2M
$932.2M
Q1 25
$596.2M
$877.4M
Q4 24
$607.8M
$869.3M
Q3 24
$692.0M
$857.0M
Q2 24
$703.8M
$823.2M
Q1 24
$724.7M
$832.8M
Debt / Equity
LPSN
LPSN
PX
PX
Q4 25
0.93×
Q3 25
0.99×
Q2 25
0.96×
Q1 25
0.95×
Q4 24
0.83×
Q3 24
0.81×
Q2 24
0.76×
Q1 24
26.69×
0.78×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
LPSN
LPSN
PX
PX
Operating Cash FlowLast quarter
$-9.7M
$23.0M
Free Cash FlowOCF − Capex
$-12.0M
$18.1M
FCF MarginFCF / Revenue
-20.2%
22.3%
Capex IntensityCapex / Revenue
3.9%
6.0%
Cash ConversionOCF / Net Profit
2.43×
TTM Free Cash FlowTrailing 4 quarters
$-42.5M
$14.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LPSN
LPSN
PX
PX
Q4 25
$-9.7M
$23.0M
Q3 25
$-6.0M
$-8.6M
Q2 25
$-11.7M
$13.4M
Q1 25
$-3.1M
$-4.7M
Q4 24
$-3.1M
$101.0M
Q3 24
$4.8M
$27.5M
Q2 24
$-17.9M
$34.8M
Q1 24
$1.1M
$11.0M
Free Cash Flow
LPSN
LPSN
PX
PX
Q4 25
$-12.0M
$18.1M
Q3 25
$-8.9M
$-9.5M
Q2 25
$-14.8M
$11.6M
Q1 25
$-6.9M
$-6.0M
Q4 24
$-6.8M
$96.6M
Q3 24
$-230.0K
$25.2M
Q2 24
$-22.9M
$33.9M
Q1 24
$-10.4M
$10.7M
FCF Margin
LPSN
LPSN
PX
PX
Q4 25
-20.2%
22.3%
Q3 25
-14.8%
-12.6%
Q2 25
-24.9%
15.9%
Q1 25
-10.6%
-8.9%
Q4 24
-9.2%
113.6%
Q3 24
-0.3%
34.0%
Q2 24
-28.7%
47.7%
Q1 24
-12.2%
16.2%
Capex Intensity
LPSN
LPSN
PX
PX
Q4 25
3.9%
6.0%
Q3 25
4.8%
1.2%
Q2 25
5.3%
2.5%
Q1 25
5.8%
1.9%
Q4 24
5.0%
5.2%
Q3 24
6.8%
3.0%
Q2 24
6.2%
1.3%
Q1 24
13.5%
0.4%
Cash Conversion
LPSN
LPSN
PX
PX
Q4 25
2.43×
Q3 25
-0.69×
-4.01×
Q2 25
3.96×
Q1 25
-1.05×
Q4 24
19.12×
Q3 24
19.54×
Q2 24
-0.43×
4.98×
Q1 24
2.18×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

LPSN
LPSN

Hosted Services Business$51.0M86%
Professional Services$8.3M14%

PX
PX

Management Fees$78.1M96%
Advisory Fees$1.8M2%

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