Life360, Inc.
For the period ended Sep 30, 2026. Filed Nov 9, 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.
Sep 30, 2026 · Filed Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations and Comprehensive Income
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Subscription revenue | $124,193 | $96,300 | $348,023 | $266,756 |
| Hardware revenue(1) | 8,996 | 11,312 | 23,328 | 32,485 |
| Advertising revenue | 25,448 | 7,271 | 67,075 | 17,142 |
| Other revenue(2) | 15,500 | 9,614 | 37,793 | 27,119 |
| Total revenue | 174,137 | 124,497 | 476,219 | 343,502 |
| Cost of subscription revenue | 16,288 | 14,003 | 46,052 | 37,193 |
| Cost of hardware revenue(3) | 10,682 | 11,700 | 24,867 | 30,491 |
| Cost of advertising revenue | 11,509 | 540 | 28,940 | 1,317 |
| Cost of other revenue | 1,667 | 1,119 | 4,904 | 3,316 |
| Total cost of revenue | 40,146 | 27,362 | 104,763 | 72,317 |
| Gross profit | 133,991 | 97,135 | 371,456 | 271,185 |
| Operating expenses: | ||||
| Research and development | 40,609 | 32,410 | 127,279 | 95,071 |
| Sales and marketing | 59,320 | 39,024 | 168,657 | 113,205 |
| General and administrative | 26,091 | 20,010 | 75,684 | 53,037 |
| Total operating expenses | 126,020 | 91,444 | 371,620 | 261,313 |
| Income (loss) from operations | 7,971 | 5,691 | (164) | 9,872 |
| Other income (expense): | ||||
| Gain on change in fair value of investments(4) | 17,454 | 821 | 12,727 | 2,090 |
| Interest income | 4,136 | 4,710 | 12,134 | 9,039 |
| Other expense, net | (1,107) | (1,002) | (4,064) | (3) |
| Total other income, net | 20,483 | 4,529 | 20,797 | 11,126 |
| Income before income taxes | 28,454 | 10,220 | 20,633 | 20,998 |
| Provision for (benefit from) income taxes | 5,964 | 427 | (9,697) | (179) |
| Net income | $22,490 | $9,793 | $30,330 | $21,177 |
| Net income per share, basic (Note 15) | $0.28 | $0.13 | $0.38 | $0.28 |
| Net income per share, diluted (Note 15) | $0.26 | $0.11 | $0.35 | $0.25 |
| Weighted-average shares used in computing net income per share, basic (Note 15) | 81,401,722 | 77,736,272 | 80,851,019 | 76,752,859 |
| Weighted-average shares used in computing net income per share, diluted (Note 15) | 85,818,523 | 85,794,178 | 85,696,688 | 84,760,161 |
| Comprehensive income | ||||
| Net income | $22,490 | $9,793 | $30,330 | $21,177 |
| Change in foreign currency translation adjustment | 112 | 185 | 36 | 85 |
| Unrealized loss on available-for-sale securities, net of tax | (23) | — | (82) | — |
| Total comprehensive income | $22,579 | $9,978 | $30,284 | $21,262 |
(1) Includes related party hardware revenue ofzero and $94 for the three and nine months ended September 30, 2026, respectively, and $203 for the three and nine months ended September 30, 2025.
(2) Includes related party other revenue of $3,851 and $4,335 for the three and nine months ended September 30, 2026, respectively, and $195 and $682 for the three and nine months ended September 30, 2025, respectively.
(3) Includes related party cost of hardware revenue ofzero and $62 for the three and nine months ended September 30, 2026, and $137 for the three and nine months ended September 30, 2025.
(4)Includes a related party gain of $17,837 for the three and nine months ended September 30, 2026, andzero and $882 for the three and nine months ended September 30, 2025, respectively.
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