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
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 Cash Flows
(Dollars in U.S. $, in thousands)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash Flows from Operating Activities: | ||
| Net income (loss) | $21,177 | $(13,053) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Depreciation and amortization | 9,859 | 7,058 |
| Amortization of costs capitalized to obtain contracts | 932 | 974 |
| Amortization of operating lease right-of-use asset | 259 | 247 |
| Stock-based compensation expense, net of amounts capitalized | 39,985 | 30,507 |
| Non-cash interest expense, net | 727 | 59 |
| Convertible notes fair value adjustment | — | 608 |
| Derivative liability fair value adjustment | — | 1,707 |
| Loss on settlement of convertible notes | — | 440 |
| Gain on settlement of derivative liability | — | (1,924) |
| Gain on change in fair value of investments(1) | (2,090) | (5,389) |
| Non-cash revenue from investments | (905) | (965) |
| Provision for credit losses | 825 | — |
| Changes in operating assets and liabilities, net of acquisition: | ||
| Accounts receivable, net | (8,890) | (6,670) |
| Prepaid expenses and other assets | (6,314) | 3,506 |
| Inventory | (6,078) | (9,689) |
| Costs capitalized to obtain contracts, net | (986) | (1,287) |
| Accounts payable | 3,540 | 12,058 |
| Accrued expenses and other current liabilities | (5,830) | (2,736) |
| Deferred revenue | 5,913 | 5,108 |
| Other liabilities, noncurrent | (294) | (270) |
| Net cash provided by operating activities | 51,830 | 20,289 |
| Cash Flows from Investing Activities: | ||
| Cash paid for acquisition | (2,825) | — |
| Internally developed software | (4,538) | (3,228) |
| Purchase of property and equipment | (1,565) | (63) |
| Convertible note investment | (25,000) | — |
| Net cash used in investing activities | (33,928) | (3,291) |
| Cash Flows from Financing Activities: | ||
| Proceeds related to tax withholdings on restricted stock settlements and the exercise of stock options and warrants | 50,770 | 5,564 |
| Taxes paid related to net settlement of equity awards | (47,292) | (23,371) |
| Proceeds from issuance of common stock in U.S. initial public offering, net of underwriting discounts and commissions | — | 93,000 |
| Payments of U.S. initial public offering issuance costs | — | (2,719) |
| Proceeds from issuance of convertible senior notes | 320,000 | — |
| Payments of debt issuance costs | (10,884) | — |
| Purchase of capped calls | (33,728) | — |
| Net cash provided by financing activities | 278,866 | 72,474 |
| Net Increase in Cash, Cash Equivalents, and Restricted Cash | 296,768 | 89,472 |
| 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 | $457,227 | $160,185 |
| Supplemental disclosure: | ||
|---|---|---|
| Cash paid during the period for taxes | $117 | $2,318 |
| Cash paid during the period for interest | — | 46 |
| Cash payments included in the measurement of operating lease liabilities | 291 | 338 |
| Non-cash investing and financing activities: | ||
| Fair value of stock issued in connection with acquisition | 1,000 | — |
| Conversion of September 2021 Convertible Notes to common stock | — | 3,548 |
| Conversion of July 2021 Convertible Notes and accrued interest to common stock | — | 2,203 |
| Property and equipment included within accrued expenses and other current liabilities | 227 | 1,134 |
| Stock-based compensation included in internally developed software | 904 | 523 |
| IPO-related transaction costs included in accrued expenses and other current liabilities | — | 3,573 |
| Conversion of Related Party SAFE to Related Party Investment | 5,000 | — |
(1)Includes a related party gain of $882 andzero for the nine months ended September 30, 2025 and 2024, respectively.
The following table presents the cash, cash equivalents, and restricted cash reported within the condensed consolidated statements of cash flows shown above:
| September 30,2025 | September 30,2024 | |
|---|---|---|
| Cash and cash equivalents | $455,733 | $158,980 |
| Restricted cash, noncurrent | 1,494 | 1,205 |
| Total cash and cash equivalents, and restricted cash | $457,227 | $160,185 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.