Life360, Inc.
For the period ended Sep 30, 2025. Filed Nov 10, 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.
Sep 30, 2025 · Filed Nov 10, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
| September 30,2025 | December 31,2024 | |
|---|---|---|
| Assets | ||
| Current Assets: | ||
| Cash and cash equivalents | $455,733 | $159,238 |
| Accounts receivable, net(1) | 66,062 | 57,997 |
| Inventory | 14,135 | 8,057 |
| Costs capitalized to obtain contracts, net | 1,255 | 1,098 |
| Prepaid expenses and other current assets | 19,804 | 14,599 |
| Total current assets | 556,989 | 240,989 |
| Restricted cash, noncurrent | 1,494 | 1,221 |
| Property and equipment, net | 3,175 | 1,779 |
| Costs capitalized to obtain contracts, noncurrent | 946 | 1,049 |
| Prepaid expenses and other assets, noncurrent(2)(3) | 49,811 | 21,611 |
| Operating lease right-of-use asset | 424 | 683 |
| Intangible assets, net | 39,996 | 40,574 |
| Goodwill | 134,619 | 133,674 |
| Total Assets | $787,454 | $441,580 |
| Liabilities and Stockholders’ Equity | ||
| Current Liabilities: | ||
| Accounts payable | $8,891 | $5,463 |
| Accrued expenses and other current liabilities | 27,002 | 32,015 |
| Deferred revenue, current | 46,050 | 39,860 |
| Total current liabilities | 81,943 | 77,338 |
| Convertible notes, net, noncurrent | 309,842 | — |
| Deferred revenue, noncurrent | 4,155 | 5,338 |
| Other liabilities, noncurrent | 67 | 359 |
| Total Liabilities | $396,007 | $83,035 |
| Commitments and Contingencies (Note 9) | ||
| Stockholders’ Equity | ||
| Common Stock, $0.001 par value; 500,000,000 authorized as of September 30, 2025 and December 31, 2024, respectively; 78,268,702 and 75,404,996 issued and outstanding as of September 30, 2025 and December 31, 2024, respectively | 78 | 75 |
| Additional paid-in capital | 659,761 | 648,124 |
| Accumulated deficit | (268,521) | (289,698) |
| Accumulated other comprehensive income | 129 | 44 |
| Total stockholders’ equity | 391,447 | 358,545 |
| Total Liabilities and Stockholders’ Equity | $787,454 | $441,580 |
(1)Includes related party receivables of $206 and $55 as of September 30, 2025 and December 31, 2024, respectively.
(2)Includes $26,208 andzero measured using the fair value option as of September 30, 2025 and December 31, 2024, respectively, related to the Convertible Note Investment. Refer to Note 5, "Fair Value Measurements" for additional information.
(3)The balance as of September 30, 2025 includes the $5,882 Related Party Investment and the $3,898 Related Party Warrant. The balance as of December 31, 2024 includes the $5,000 Related Party SAFE and the $3,898 Related Party Warrant. Refer to Note 5, "Fair Value Measurements" and Note 14, "Related-Party Transactions" for additional information.
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