Life360, Inc.
For the period ended Dec 31, 2025. Filed Mar 2, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 2, 2026
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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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
(Dollars in U.S. $, in thousands)
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Cash Flows from Operating Activities: | |||
| Net income (loss) | $150,832 | $(4,555) | $(28,171) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
| Depreciation and amortization | 13,329 | 9,778 | 9,141 |
| Amortization of costs capitalized to obtain contracts | 1,297 | 1,268 | 2,125 |
| Amortization of operating lease right-of-use asset | 348 | 331 | 842 |
| Stock-based compensation expense, net of amounts capitalized | 55,460 | 42,269 | 38,512 |
| Compensation expense in connection with revesting notes | — | — | 73 |
| Non-cash interest expense, net | 1,271 | 59 | 462 |
| 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(1) | (609) | (5,389) | — |
| Provision for credit losses | 799 | 300 | — |
| Non-cash revenue from investments | (1,174) | (1,040) | (1,608) |
| Inventory write-off | — | — | 916 |
| Adjustment in connection with membership benefit | — | — | (2,172) |
| Deferred income taxes | (118,354) | — | — |
| Changes in operating assets and liabilities, net of acquisition: | |||
| Accounts receivable, net | (23,518) | (16,117) | (9,055) |
| Prepaid expenses and other assets | (6,706) | 135 | (6,667) |
| Inventory | (1,810) | (3,958) | 5,811 |
| Costs capitalized to obtain contracts, net | (1,231) | (1,571) | (1,905) |
| Accounts payable | 3,060 | (433) | (7,895) |
| Accrued expenses and other current liabilities | 9,312 | 4,504 | 2,193 |
| Deferred revenue | 6,683 | 6,564 | 4,620 |
| Other liabilities, noncurrent | (359) | (364) | (498) |
| Net cash provided by operating activities | 88,630 | 32,612 | 7,524 |
| Cash Flows from Investing Activities: | |||
| Cash paid for acquisition | (2,825) | — | — |
| Internally developed software | (5,716) | (3,945) | (1,715) |
| Purchase of property and equipment | (1,792) | (1,187) | (506) |
| Related Party SAFE | — | (5,000) | — |
| Convertible note investment | (25,000) | — | — |
| Net cash used in investing activities | (35,333) | (10,132) | (2,221) |
| Cash Flows from Financing Activities: | |||
| Indemnity escrow payment in connection with an acquisition | — | — | (13,128) |
| Proceeds related to tax withholdings on restricted stock settlements and the exercise of stock options and warrants | 69,520 | 14,553 | 5,811 |
| Taxes paid related to net settlement of equity awards | (62,836) | (33,995) | (14,033) |
| 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 | — | (6,292) | — |
| Proceeds from repayment of notes due from affiliates | — | — | 314 |
| Repayment of convertible notes | — | — | (3,919) |
|---|---|---|---|
| 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 (used in) financing activities | 282,072 | 67,266 | (24,955) |
| Net Increase in Cash, Cash Equivalents, and Restricted Cash | 335,369 | 89,746 | (19,652) |
| Cash, Cash Equivalents and Restricted Cash at the Beginning of the Period | 160,459 | 70,713 | 90,365 |
| Cash, Cash Equivalents, and Restricted Cash at the End of the Period | $495,828 | $160,459 | $70,713 |
| Supplemental disclosure: | |||
| Cash paid (refunds received) during the period for income taxes, net | (893) | 2,381 | 697 |
| Cash paid during the period for interest | — | 46 | 640 |
| Cash payments included in the measurement of operating lease liabilities | 390 | 379 | 861 |
| Non-cash investing and financing activities: | |||
| Right of use asset recognized in connection with lease modification | $— | $— | $1,054 |
| Fair value of stock issued in connection with the acquisition of Fantix, Inc. | 1,000 | — | — |
| Liability incurred in connection with the acquisition of Fantix, Inc. | 675 | — | — |
| Operating lease liability recognized in connection with lease modification | — | — | 1,054 |
| 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 | — | 112 | — |
| Stock-based compensation included in internally developed software | 1,321 | 714 | — |
| Related Party Warrant | — | 3,898 | — |
| Conversion of Related Party SAFE to Related Party Investment | 5,000 | — | — |
(1)Includes a related party gain of $882, zero, andzero for the years ended December 31, 2025, 2024, and 2023, respectively.
The following table presents the cash, cash equivalents, and restricted cash reported within the consolidated statements of cash flows shown above:
| December 31,2025 | December 31,2024 | December 31,2023 | |
|---|---|---|---|
| Cash and cash equivalents | $494,261 | $159,238 | $68,964 |
| Restricted cash, noncurrent | 1,567 | 1,221 | 1,749 |
| Total cash and cash equivalents, and restricted cash | $495,828 | $160,459 | $70,713 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.