Life360, Inc.
For the period ended Mar 31, 2026. Filed May 11, 2026.
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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.
Mar 31, 2026 · Filed May 11, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
| March 31,2026 | December 31,2025 | |
|---|---|---|
| Assets | ||
| Current Assets: | ||
| Cash and cash equivalents | $351,191 | $494,261 |
| Short-term investments | 106,104 | — |
| Accounts receivable, net(1) | 94,975 | 80,715 |
| Inventory | 15,142 | 9,867 |
| Costs capitalized to obtain contracts, net | 1,179 | 1,211 |
| Prepaid expenses and other current assets | 21,426 | 20,050 |
| Total current assets | 590,017 | 606,104 |
| Restricted cash, noncurrent | 1,670 | 1,567 |
| Property and equipment, net | 2,885 | 3,019 |
| Costs capitalized to obtain contracts, noncurrent | 844 | 869 |
| Prepaid expenses and other assets, noncurrent(2)(3) | 44,928 | 48,480 |
| Operating lease right-of-use asset | 246 | 335 |
| Intangible assets, net | 81,636 | 38,277 |
| Goodwill | 173,609 | 134,619 |
| Deferred tax assets, net | 145,039 | 126,418 |
| Total Assets | $1,040,874 | $959,688 |
| Liabilities and Stockholders’ Equity | ||
| Current Liabilities: | ||
| Accounts payable | $21,969 | $8,411 |
| Accrued expenses and other current liabilities | 39,673 | 42,002 |
| Deferred revenue, current(4) | 48,197 | 46,377 |
| Total current liabilities | 109,839 | 96,790 |
| Convertible notes, net, noncurrent | 310,930 | 310,386 |
| Deferred revenue, noncurrent(5) | 3,734 | 4,330 |
| Other liabilities, noncurrent | 18,741 | — |
| Total Liabilities | $443,244 | $411,506 |
| Commitments and Contingencies (Note 10) | ||
| Stockholders’ Equity | ||
| Common Stock, $0.001 par value; 500,000,000 authorized as of March 31, 2026 and December 31, 2025, respectively; 80,688,123 and 79,359,589 issued and outstanding as of March 31, 2026 and December 31, 2025, respectively | 81 | 79 |
| Additional paid-in capital | 733,561 | 686,921 |
| Accumulated deficit | (136,087) | (138,866) |
| Accumulated other comprehensive income | 75 | 48 |
| Total stockholders’ equity | 597,630 | 548,182 |
| Total Liabilities and Stockholders’ Equity | $1,040,874 | $959,688 |
(1)Includes related party receivables of $29 and $3 as of March 31, 2026, and December 31, 2025, respectively.
(2)Includes$20,876 and $24,726 measured using the fair value option as of March 31, 2026, and December 31, 2025, respectively, related to the Convertible Note Investment. Refer to Note 6, "Fair Value Measurements" for additional information.
(3)Includes the $5,882 Related Party Investment and the $3,898 Related Party Warrant as of March 31, 2026, and December 31, 2025. Refer to Note 6, "Fair Value Measurements" and Note 14, "Related-Party Transactions" for additional information.
(4)Includes related party deferred revenue, current of $780 as of March 31, 2026, and December 31, 2025.
(5)Includes related party deferred revenue, noncurrent of $2,047 and $2,242 as of March 31, 2026 and December 31, 2025, respectively.
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