Life360, Inc.
For the period ended Dec 31, 2025. Filed Mar 2, 2026.
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FY2025 · Filed Mar 2, 2026
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Consolidated Statements of Operations and Comprehensive Income (Loss
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Subscription revenue | $369,253 | $277,845 | $220,794 |
| Hardware revenue(1) | 51,816 | 57,589 | 58,178 |
| Other revenue(2) | 68,412 | 36,050 | 25,546 |
| Total revenue | 489,481 | 371,484 | 304,518 |
| Cost of subscription revenue | 50,968 | 41,014 | 30,975 |
| Cost of hardware revenue(3) | 51,175 | 47,225 | 47,384 |
| Cost of other revenue | 6,496 | 4,088 | 3,522 |
| Total cost of revenue | 108,639 | 92,327 | 81,881 |
| Gross profit | 380,842 | 279,157 | 222,637 |
| Operating expenses: | |||
| Research and development | 128,409 | 113,071 | 100,965 |
| Sales and marketing | 154,963 | 113,350 | 99,072 |
| General and administrative | 78,644 | 60,712 | 52,583 |
| Total operating expenses | 362,016 | 287,133 | 252,620 |
| Income (loss) from operations | 18,826 | (7,976) | (29,983) |
| Other income (expense): | |||
| Convertible notes fair value adjustment | — | (608) | (684) |
| Derivative liability fair value adjustment | — | (1,707) | (116) |
| Loss on settlement of convertible notes | — | (440) | — |
| Gain on settlement of derivative liability | — | 1,924 | — |
| Gain on change in fair value of investments(4) | 609 | 5,389 | — |
| Interest income | 13,705 | 6,009 | 3,083 |
| Other income (expense), net(5) | (481) | (7,217) | 145 |
| Total other income (expense), net | 13,833 | 3,350 | 2,428 |
| Income (loss) before income taxes | 32,659 | (4,626) | (27,555) |
| Provision for (benefit from) income taxes | (118,173) | (71) | 616 |
| Net income (loss) | 150,832 | (4,555) | (28,171) |
| Net income (loss) per share, basic (Note 17) | $1.95 | $(0.06) | $(0.42) |
| Net income (loss) per share, diluted (Note 17) | $1.77 | $(0.06) | $(0.42) |
| Weighted-average shares used in computing net income (loss) per share, basic (Note 17) | 77,251,239 | 72,125,571 | 66,748,542 |
| Weighted-average shares used in computing net income (loss) per share, diluted (Note 17) | 85,172,415 | 72,125,571 | 66,748,542 |
| Comprehensive income (loss) | |||
| Net income (loss) | $150,832 | $(4,555) | $(28,171) |
| Change in foreign currency translation adjustment | 4 | 35 | 15 |
| Total comprehensive income (loss) | $150,836 | $(4,520) | $(28,156) |
(1)Includes related party revenue of $195, $55, andzero for the years ended December 31, 2025, 2024, and 2023, respectively.
(2)Includes related party revenue of $890, zero, andzero for the years ended December 31, 2025, 2024, and 2023, respectively.
(3) Includes related party cost of revenue of $137, zero, andzero for the years ended December 31, 2025, 2024, and 2023, respectively.
(4)Includes a related party gain of $882, zero, andzero for the years ended December 31, 2025, 2024, and 2023, respectively.
(5)Includes related party other expense ofzero, $5,498, andzero for the years ended December 31, 2025, 2024, and 2023, respectively.
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