Life360 Inc
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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FY2024 · Filed Feb 27, 2025
LIF$41.98-6.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations and Comprehensive Loss
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Subscription revenue | $277,845 | $220,794 | $153,287 |
| Hardware revenue (including related party revenue of $55, $0, and $0, respectively) | 57,589 | 58,178 | 47,884 |
| Other revenue | 36,050 | 25,546 | 27,134 |
| Total revenue | 371,484 | 304,518 | 228,305 |
| Cost of subscription revenue | 41,014 | 30,975 | 30,659 |
| Cost of hardware revenue | 47,225 | 47,384 | 45,441 |
| Cost of other revenue | 4,088 | 3,522 | 3,607 |
| Total cost of revenue | 92,327 | 81,881 | 79,707 |
| Gross profit | 279,157 | 222,637 | 148,598 |
| Operating expenses: | |||
| Research and development | 113,071 | 100,965 | 102,480 |
| Sales and marketing | 113,350 | 99,072 | 92,419 |
| General and administrative | 60,712 | 52,583 | 48,110 |
| Total operating expenses | 287,133 | 252,620 | 243,009 |
| Loss from operations | (7,976) | (29,983) | (94,411) |
| Other income (expense): | |||
| Convertible notes fair value adjustment | (608) | (684) | 1,786 |
| Derivative liability fair value adjustment | (1,707) | (116) | 1,295 |
| Loss on settlement of convertible notes | (440) | — | — |
| Gain on settlement of derivative liability | 1,924 | — | — |
| Gain on change in fair value of investment | 5,389 | — | — |
| Other income (expense), net | (1,208) | 3,228 | 13 |
| Total other income (expense), net | 3,350 | 2,428 | 3,094 |
| Loss before income taxes | (4,626) | (27,555) | (91,317) |
| Provision for (benefit from) income taxes | (71) | 616 | 312 |
| Net loss | (4,555) | (28,171) | (91,629) |
| Net loss per share, basic (Note 17) | $(0.06) | $(0.42) | $(1.47) |
| Net loss per share, diluted (Note 17) | $(0.06) | $(0.42) | $(1.50) |
| Weighted-average shares used in computing net loss per share, basic (Note 17) | 72,125,571 | 66,748,542 | 62,209,545 |
| Weighted-average shares used in computing net loss per share, diluted (Note 17) | 72,125,571 | 66,748,542 | 62,839,593 |
| Comprehensive loss | |||
| Net loss | $(4,555) | $(28,171) | $(91,629) |
| Change in foreign currency translation adjustment | 35 | 15 | (6) |
| Total comprehensive loss | $(4,520) | $(28,156) | $(91,635) |
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