Life360, Inc.
For the period ended Mar 31, 2025. Filed May 12, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 12, 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
Condensed Consolidated Statements of Cash Flows
(Dollars in U.S. $, in thousands)
| Three Months Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash Flows from Operating Activities: | ||
| Net income (loss) | $4,378 | $(9,777) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Depreciation and amortization | 2,862 | 2,295 |
| Amortization of costs capitalized to obtain contracts | 283 | 341 |
| Amortization of operating lease right-of-use asset | 84 | 81 |
| Stock-based compensation expense, net of amounts capitalized | 9,889 | 8,261 |
| Non-cash interest expense, net | — | 128 |
| Convertible notes fair value adjustment | — | 608 |
| Derivative liability fair value adjustment | — | 1,707 |
| Non-cash revenue from investments | (367) | (446) |
| Provision for credit losses | 339 | — |
| Changes in operating assets and liabilities, net of acquisition: | ||
| Accounts receivable, net | 5,648 | 5,144 |
| Prepaid expenses and other assets | (4,238) | 3,272 |
| Inventory | (1,514) | (2,239) |
| Costs capitalized to obtain contracts, net | (314) | (398) |
| Accounts payable | (139) | 3,492 |
| Accrued expenses and other current liabilities | (6,526) | (3,073) |
| Deferred revenue | 1,771 | 1,381 |
| Other liabilities, noncurrent | (96) | (89) |
| Net cash provided by operating activities | 12,060 | 10,688 |
| Cash Flows from Investing Activities: | ||
| Cash paid for acquisition | (2,825) | — |
| Internally developed software | (1,398) | (1,089) |
| Purchase of property and equipment | (124) | — |
| Net cash used in investing activities | (4,347) | (1,089) |
| Cash Flows from Financing Activities: | ||
| Proceeds related to tax withholdings on restricted stock settlements and the exercise of stock options and warrants | 12,770 | 2,401 |
| Taxes paid related to net settlement of equity awards | (10,587) | (8,110) |
| Net cash provided by (used in) financing activities | 2,183 | (5,709) |
| Net Increase in Cash, Cash Equivalents, and Restricted Cash | 9,896 | 3,890 |
| Cash, Cash Equivalents and Restricted Cash at the Beginning of the Period | 160,459 | 70,713 |
| Cash, Cash Equivalents, and Restricted Cash at the End of the Period | $170,355 | $74,603 |
| Supplemental disclosure: | ||
|---|---|---|
| Cash paid during the period for taxes | $— | $56 |
| Cash paid during the period for interest | — | — |
| Cash payments included in the measurement of operating lease liabilities | 97 | 94 |
| Non-cash investing and financing activities: | ||
| Fair value of stock issued in connection with acquisition | 1,000 | — |
| Property and equipment included within accrued expenses and other current liabilities | 901 | — |
| Stock-based compensation included in internally developed software | 284 | — |
The following table presents the cash, cash equivalents, and restricted cash reported within the condensed consolidated statements of cash flows shown above:
| March 31,2025 | March 31,2024 | |
|---|---|---|
| Cash and cash equivalents | $168,852 | $73,401 |
| Restricted cash, noncurrent | 1,503 | 1,202 |
| Total cash and cash equivalents, and restricted cash | $170,355 | $74,603 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.