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.
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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)
| Three Months Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Subscription revenue | $81,874 | $61,579 |
| Hardware revenue | 8,907 | 10,188 |
| Other revenue (including related party revenue of $292 and $0, respectively) | 12,843 | 6,460 |
| Total revenue | 103,624 | 78,227 |
| Cost of subscription revenue | 10,141 | 9,315 |
| Cost of hardware revenue | 8,597 | 8,012 |
| Cost of other revenue | 1,337 | 887 |
| Total cost of revenue | 20,075 | 18,214 |
| Gross profit | 83,549 | 60,013 |
| Operating expenses: | ||
| Research and development | 30,403 | 27,258 |
| Sales and marketing | 35,308 | 24,733 |
| General and administrative | 15,649 | 14,401 |
| Total operating expenses | 81,360 | 66,392 |
| Income (loss) from operations | 2,189 | (6,379) |
| Other income (expense): | ||
| Convertible notes fair value adjustment | — | (608) |
| Derivative liability fair value adjustment | — | (1,707) |
| Other income, net | 1,975 | 311 |
| Total other income (expense), net | 1,975 | (2,004) |
| Income (loss) before income taxes | 4,164 | (8,383) |
| Provision for (benefit from) income taxes | (214) | 1,394 |
| Net income (loss) | $4,378 | $(9,777) |
| Net income (loss) per share, basic (Note 14) | $0.06 | $(0.14) |
| Net income (loss) per share, diluted (Note 14) | $0.05 | $(0.14) |
| Weighted-average shares used in computing net income (loss) per share, basic (Note 14) | 75,699,493 | 68,535,626 |
| Weighted-average shares used in computing net income (loss) per share, diluted (Note 14) | 83,445,337 | 68,535,626 |
| Comprehensive income (loss) | ||
| Net income (loss) | $4,378 | $(9,777) |
| Change in foreign currency translation adjustment | 1 | 1 |
| Total comprehensive income (loss) | $4,379 | $(9,776) |
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