Life360, Inc.

Listed Company

LIFXCIK 0001581760OTCLarge AcceleratedServices-Computer Processing & Data PreparationDelawareFY ends Dec 31

Period

FY 2025

Revenue

$489.48M

Net Income

$150.83M

Total Assets

$959.69M

Equity

$548.18M

Shares Out

80.20M

Op. Cash Flow

$88.63M

Business

Life360, Inc. operates a technology platform that connects people, pets and things to provide family-focused location and safety services. The company offers the Life360 mobile application with features for location coordination, driving safety, digital safety and emergency assistance, alongside hardware tracking products under the Tile and Jiobit brands. Its business is organized around subscription services and hardware product offerings across its Life360 and Tile product families, supported by a scalable location and backend technology platform. Products are distributed globally via mobile app stores, online and brick-and-mortar retail channels, direct e-commerce and third-party integrations.

Summary from filing dated 2025-02-27

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenue	489	371	305	228	113
Total cost of revenue	109	92	82	80	23
Gross profit	381	279	223	149	90
Research and development	128	113	101	102	51
Sales and marketing	155	113	99	92	47
General and administrative	79	61	53	48	24
Total operating expenses	362	287	253	243	122
Income (loss) from operations	19	−8	−30	−94	−32
Convertible notes fair value adjustment	0	−608,000	−684,000	2	−511,000
Derivative liability fair value adjustment	0	−2	−116,000	1	—
Loss on settlement of convertible notes	0	−440,000	0	0	—
Gain on settlement of derivative liability	0	2	0	0	—
Gain on change in fair value of investments	609,000	5	0	0	—
Interest income	14	6	3	—	—
Other income (expense), net	−481,000	−7	145,000	13,000	−178,000
Total other income (expense), net	14	3	2	3	−1
Income (loss) before income taxes	33	−5	−28	−91	−34
Provision for (benefit from) income taxes	−118	−71,000	616,000	312,000	−127,000
Net income (loss)	151	−5	−28	−92	−34
Net income (loss) per share, basic (in usd per share)	1.95	−0.06	−0.42	−1.47	−0.65
Net income (loss) per share, diluted (in usd per share)	1.77	−0.06	−0.42	−1.5	−0.65
Weighted-average shares used in computing net income (loss) per share, basic (in shares)	77	72	67	62	52
Weighted-average shares used in computing net income (loss) per share, diluted (in shares)	85	72	67	63	52
Change in foreign currency translation adjustment	4,000	35,000	15,000	−6,000	0
Total comprehensive income (loss)	151	−5	−28	−92	−34

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	494	159	69	75	231
Accounts receivable, net	81	58	42	33	12
Inventory	10	8	4	11	2
Costs capitalized to obtain contracts, net	1	1	1	1	1
Prepaid expenses and other current assets	20	15	15	9	11
Total current assets	606	241	131	143	257
Restricted cash, noncurrent	2	1	2	2	355,000
Property and equipment, net	3	2	730,000	393,000	580,000
Costs capitalized to obtain contracts, noncurrent	869,000	1	834,000	626,000	330,000
Prepaid expenses and other assets, noncurrent	48	22	7	7	4
Operating lease right-of-use asset	335,000	683,000	1	800,000	2
Intangible assets, net	38	41	45	—	—
Goodwill	135	134	134	134	31
Deferred tax assets, net	126	0	—	—	—
Total Assets	960	442	322	340	302
Accounts payable	8	5	6	14	3
Accrued expenses and other current liabilities	42	32	28	27	11
Deferred revenue, current	46	40	34	30	14
Total current liabilities	97	77	71	88	41
Convertible notes, net, noncurrent	310	0	1	4	8
Deferred revenue, noncurrent	4	5	2	3	0
Other liabilities, noncurrent	0	359,000	723,000	576,000	1
Total Liabilities	412	83	75	95	52
Commitments and Contingencies (Note 10)	—	—	—	—	—
Common Stock, $0.001 par value; 500,000,000 shares authorized as of December 31, 2025 and December 31, 2024, respectively; 79,359,589 and 75,404,996 issued and outstanding as of December 31, 2025 and December 31, 2024, respectively	79,000	75,000	70,000	67,000	61,000
Additional paid-in capital	687	648	532	502	416
Accumulated deficit	−139	−290	−285	−257	−165
Accumulated other comprehensive income	48,000	44,000	9,000	−6,000	0
Total stockholders equity	548	359	247	245	250
Total Liabilities and Stockholders Equity	960	442	322	340	302

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	13	10	9	9	876,000
Amortization of costs capitalized to obtain contracts	1	1	2	3	4
Amortization of operating lease right-of-use asset	348,000	331,000	842,000	0	0
Stock-based compensation expense, net of amounts capitalized	55	42	39	35	12
Compensation expense in connection with revesting notes	0	0	73,000	−87,000	184,000
Non-cash interest expense, net	1	59,000	462,000	474,000	166,000
Provision for credit losses	800,000	300,000	0	0	—
Non-cash revenue from investments	−1	−1	−2	−2	0
Inventory write-off	0	0	900,000	0	0
Adjustment in connection with membership benefit	0	0	−2	0	0
Deferred income taxes	−118	0	0	—	—
Accounts receivable, net	−24	−16	−9	6	−3
Prepaid expenses and other assets	−7	135,000	−7	11	−943,000
Inventory	−2	−4	6	−497,000	−859,000
Costs capitalized to obtain contracts, net	−1	−2	−2	−3	−2
Accounts payable	3	−433,000	−8	−13	559,000
Accrued expenses and other current liabilities	9	5	2	−8	5
Deferred revenue	7	7	5	5	2
Other liabilities, noncurrent	−359,000	−364,000	−498,000	−303,000	−1
Net cash provided by operating activities	89	33	8	−57	−12
Cash paid for acquisition	−3	0	0	−111	−3
Internally developed software	−6	−4	−2	−701,000	0
Purchase of property and equipment	−2	−1	−506,000	0	−81,000
Related Party SAFE	0	−5	0	0	—
Convertible note investment	−25	0	0	—	—
Net cash used in investing activities	−35	−10	−2	−112	−7
Indemnity escrow payment in connection with an acquisition	0	0	−13	0	0
Proceeds related to tax withholdings on restricted stock settlements and the exercise of stock options and warrants	70	15	6	—	—
Taxes paid related to net settlement of equity awards	−63	−34	−14	−4	−5
Proceeds from issuance of common stock in U.S. initial public offering, net of underwriting discounts and commissions	0	93	0	0	—
Payments of U.S. initial public offering issuance costs	0	−6	0	0	6
Proceeds from repayment of notes due from affiliates	0	0	314,000	648,000	0
Repayment of convertible notes	0	0	−4	−3	0
Proceeds from issuance of convertible senior notes	320	0	0	—	—
Payments of debt issuance costs	−11	0	0	—	—
Purchase of capped calls	−34	0	0	—	—
Net cash provided by (used in) financing activities	282	67	−25	28	194
Net Increase in Cash, Cash Equivalents, and Restricted Cash	335	90	−20	−141	175
Cash paid (refunds received) during the period for income taxes, net	−893,000	2	697,000	0	33,000
Cash paid during the period for interest	0	46,000	640,000	514,000	24,000
Cash payments included in the measurement of operating lease liabilities	400,000	400,000	900,000	—	—
Right of use asset recognized in connection with lease modification	0	0	1	0	0
Fair value of stock issued in connection with the acquisition of Fantix, Inc.	1	0	0	15	14
Liability incurred in connection with the acquisition of Fantix, Inc.	675,000	0	0	—	—
Operating lease liability recognized in connection with lease modification	0	0	1	0	0
Property and equipment included within accrued expenses and other current liabilities	0	112,000	0	0	—
Stock-based compensation included in internally developed software	1	714,000	0	0	—
Related Party Warrant	0	4	0	0	—
Conversion of Related Party SAFE to Related Party Investment	5	0	0	—	—

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