Life360, Inc.
For the period ended Jun 30, 2025. Filed Aug 11, 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.
Jun 30, 2025 · Filed Aug 11, 2025
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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Subscription revenue | $88,582 | $65,678 | $170,456 | $127,257 |
| Hardware revenue | 12,266 | 11,901 | 21,173 | 22,089 |
| Other revenue(1) | 14,533 | 7,284 | 27,376 | 13,744 |
| Total revenue | 115,381 | 84,863 | 219,005 | 163,090 |
| Cost of subscription revenue | 13,049 | 10,393 | 23,190 | 19,708 |
| Cost of hardware revenue | 10,194 | 9,922 | 18,791 | 17,934 |
| Cost of other revenue | 1,637 | 922 | 2,974 | 1,809 |
| Total cost of revenue | 24,880 | 21,237 | 44,955 | 39,451 |
| Gross profit | 90,501 | 63,626 | 174,050 | 123,639 |
| Operating expenses: | ||||
| Research and development | 32,258 | 27,013 | 62,661 | 54,271 |
| Sales and marketing | 38,873 | 24,363 | 74,181 | 49,096 |
| General and administrative | 17,378 | 14,613 | 33,027 | 29,014 |
| Total operating expenses | 88,509 | 65,989 | 169,869 | 132,381 |
| Income (loss) from operations | 1,992 | (2,363) | 4,181 | (8,742) |
| Other income (expense): | ||||
| Convertible notes fair value adjustment | — | — | — | (608) |
| Derivative liability fair value adjustment | — | — | — | (1,707) |
| Loss on settlement of convertible notes | — | (440) | — | (440) |
| Gain on settlement of derivative liability | — | 1,924 | — | 1,924 |
| Gain on change in fair value of investments(2) | 1,269 | — | 1,269 | — |
| Other income (expense), net(3) | 3,353 | (4,607) | 5,328 | (4,296) |
| Total other income (expense), net | 4,622 | (3,123) | 6,597 | (5,127) |
| Income (loss) before income taxes | 6,614 | (5,486) | 10,778 | (13,869) |
| Provision for (benefit from) income taxes | (392) | 5,478 | (606) | 6,872 |
| Net income (loss) | $7,006 | $(10,964) | $11,384 | $(20,741) |
| Net income (loss) per share, basic (Note 15) | $0.09 | $(0.15) | $0.15 | $(0.30) |
| Net income (loss) per share, diluted (Note 15) | $0.08 | $(0.15) | $0.14 | $(0.30) |
| Weighted-average shares used in computing net income (loss) per share, basic (Note 15) | 76,797,385 | 70,760,080 | 76,254,119 | 69,647,853 |
| Weighted-average shares used in computing net income (loss) per share, diluted (Note 15) | 84,476,048 | 70,760,080 | 83,980,695 | 69,647,853 |
| Comprehensive income (loss) | ||||
| Net income (loss) | $7,006 | $(10,964) | $11,384 | $(20,741) |
| Change in foreign currency translation adjustment | (101) | (4) | (100) | (3) |
| Total comprehensive income (loss) | $6,905 | $(10,968) | $11,284 | $(20,744) |
(1)Includes related party revenue of $195 and $487 for the three and six months ended June 30, 2025, respectively. No related party revenue was recorded during the three and six months ended June 30, 2024.
(2)Includes a related party gain of $882 for the three and six months ended June 30, 2025. No related party gain was recorded during the three and six months ended June 30, 2024.
(3)Includes related party other expense of $5,498 for the three and six months ended June 30, 2024. No related party other expense was recorded during the three and six months ended June 30, 2025.
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