Life360, Inc.
For the period ended Sep 30, 2025. Filed Nov 10, 2025.
View on SEC.govAbout this filing
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.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Subscription revenue | $96,300 | $71,833 | $266,756 | $199,090 |
| Hardware revenue(1) | 11,312 | 11,744 | 32,485 | 33,833 |
| Other revenue(2) | 16,885 | 9,288 | 44,261 | 23,032 |
| Total revenue | 124,497 | 92,865 | 343,502 | 255,955 |
| Cost of subscription revenue | 14,003 | 10,659 | 37,193 | 30,367 |
| Cost of hardware revenue(3) | 11,700 | 11,213 | 30,491 | 29,147 |
| Cost of other revenue | 1,659 | 981 | 4,633 | 2,790 |
| Total cost of revenue | 27,362 | 22,853 | 72,317 | 62,304 |
| Gross profit | 97,135 | 70,012 | 271,185 | 193,651 |
| Operating expenses: | ||||
| Research and development | 32,410 | 29,012 | 95,071 | 83,283 |
| Sales and marketing | 39,024 | 30,722 | 113,205 | 79,818 |
| General and administrative | 20,010 | 15,229 | 53,037 | 44,243 |
| Total operating expenses | 91,444 | 74,963 | 261,313 | 207,344 |
| Income (loss) from operations | 5,691 | (4,951) | 9,872 | (13,693) |
| Other income (expense): | ||||
| 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(4) | 821 | 5,389 | 2,090 | 5,389 |
| Interest income | 4,710 | 2,069 | 9,039 | 4,214 |
| Other income (expense), net(5) | (1,002) | 455 | (3) | (5,986) |
| Total other income (expense), net | 4,529 | 7,913 | 11,126 | 2,786 |
| Income (loss) before income taxes | 10,220 | 2,962 | 20,998 | (10,907) |
| Provision for (benefit from) income taxes | 427 | (4,727) | (179) | 2,146 |
| Net income (loss) | $9,793 | $7,689 | $21,177 | $(13,053) |
| Net income (loss) per share, basic (Note 15) | $0.13 | $0.10 | $0.28 | $(0.18) |
| Net income (loss) per share, diluted (Note 15) | $0.11 | $0.09 | $0.25 | $(0.18) |
| Weighted-average shares used in computing net income (loss) per share, basic (Note 15) | 77,736,272 | 74,232,140 | 76,752,859 | 71,187,103 |
| Weighted-average shares used in computing net income (loss) per share, diluted (Note 15) | 85,794,178 | 82,083,976 | 84,760,161 | 71,187,103 |
| Comprehensive income (loss) | ||||
| Net income (loss) | $9,793 | $7,689 | $21,177 | $(13,053) |
| Change in foreign currency translation adjustment | 185 | — | 85 | (3) |
| Total comprehensive income (loss) | $9,978 | $7,689 | $21,262 | $(13,056) |
(1)Includes related party revenue of $203 for the three and nine months ended September 30, 2025. No related party revenue was recorded during the three and nine months ended September 30, 2024.
(2)Includes related party revenue of $195 and $682 for the three and nine months ended September 30, 2025, respectively. No related party revenue was recorded during the three and nine months ended September 30, 2024.
(3)Includes related party cost of revenue of $137 for the three and nine months ended September 30, 2025. No related party cost of revenue was recorded during the three and nine months ended September 30, 2024.
(4)Includes a related party gain ofzero and $882 for the three and nine months ended September 30, 2025, respectively. No related party gain was recorded during the three and nine months ended September 30, 2024.
(5)Includes related party other expense ofzero and $5,498 for the three and nine months ended September 30, 2024, respectively. No related party other expense was recorded during the three and nine months ended September 30, 2025.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.