Life360, Inc. 10-Q Filing

Ticker: LIFX · Form: 10-Q · Filed: Aug 11, 2025 · CIK: 1581760

Life360, Inc. 10-Q Filing Summary
FieldDetail
CompanyLife360, Inc. (LIFX)
Form Type10-Q
Filed DateAug 11, 2025
Pages16
Reading Time19 min
Key Dollar Amounts$0.001, $
Sentimentneutral

Sentiment: neutral

FAQ

What type of filing is this?

This is a 10-Q filing submitted by Life360, Inc. (ticker: LIFX) to the SEC on Aug 11, 2025.

What are the key financial figures in this filing?

Key dollar amounts include: $0.001 (ange on which registered Common Stock, $0.001 par value per share LIF The Nasdaq St); $ (idated Balance Sheets (Dollars in U.S. $, in thousands, except share and per sha).

How long is this filing?

Life360, Inc.'s 10-Q filing is 16 pages with approximately 4,656 words. Estimated reading time is 19 minutes.

Where can I view the full 10-Q filing?

The complete filing is available on SEC EDGAR. You can also read the AI-decoded analysis with risk assessment and key highlights on ReadTheFiling.

Filing Stats: 4,656 words · 19 min read · ~16 pages · Grade level 15.9 · Accepted 2025-08-11 16:12:47

Key Financial Figures

  • $0.001 — ange on which registered Common Stock, $0.001 par value per share LIF The Nasdaq St
  • $ — idated Balance Sheets (Dollars in U.S. $, in thousands, except share and per sha

Filing Documents

- Financial Information

Part I - Financial Information Item 1.

Financial Statements (unaudited)

Financial Statements (unaudited) 1 Condensed Consolidated Balance Sheets 2 Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) 3 Condensed Consolidated Statements of Stockholders' Equity 4 Condensed Consolidated Statements of Cash Flows 6 Notes to Condensed Consolidated Financial Statements (unaudited) 8 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 26 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 41 Item 4.

Controls and Procedures

Controls and Procedures 41

- Other Information

Part II - Other Information Item 1.

Legal Proceedings

Legal Proceedings 43 Item 1A.

Risk Factors

Risk Factors 43 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 46 Item 3. Defaults Upon Senior Securities 47 Item 4. Mine Safety Disclosures 47 Item 5. Other Information 47 Item 6. Exhibits 48

Signatures

Signatures 49 In this report, unless otherwise stated or the context otherwise indicates, the terms "Life360," "the Company," "we," "us," "our" and similar references refer to Life360, Inc. and its consolidated subsidiaries. The Life360 logo, and other trademarks, trade names or service marks of Life360, Inc. appearing in this Quarterly Report on Form 10-Q are the property of Life360, Inc. All other trademarks, trade names and service marks appearing in this Quarterly Report on Form 10-Q are the property of their respective owners. Solely for convenience, the trademarks and trade names in this report may be referred to without the and symbols, but such references should not be construed as any indicator that their respective owners will not assert their rights thereto. Table of Contents

FORWARD-LOOKING STATEMENTS

FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q (this "Quarterly Report") contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are based on our management's beliefs and assumptions and on information currently available to our management. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). These forward-looking statements include statements regarding, among other things, (a) our expectations regarding our results of operations and key performance indicators, (b) key factors affecting our performance (c) our growth strategy, (d) our future financing plans, (e) our anticipated needs for, and use of, working capital and (f) our expectations regarding the effect of the capped call transactions entered into in connection with the pricing of our 0.00% convertible senior notes due June 1, 2030. They are generally identifiable by use of the words: "may," "might," "will," "could," "would," "should," "expect," "plan," "anticipate," "intend," "seek," "believe," "estimate," "predict," "potential," "continue," "contemplate," "possible" or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. We caution you the foregoing list may not contain all of the forward-looking statements made in this Quarterly Report. These forward-looking statements are subject to risks and uncertainties, many of which are outside of our control, including risks related to our business, market risks, our need for additional capital, and the risk that our products and services may not perform as expected, as described in "Risk Factors" under Part II, Item 1A in this Quarterly Report, Part II, Item 1A in our previous Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, filed with the

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

Financial Statements (unaudited)

Item 1. Financial Statements (unaudited) 1 Table of Contents Life360, Inc. Condensed Consolidated Balance Sheets (Dollars in U.S. $, in thousands, except share and per share data) (unaudited) June 30, 2025 December 31, 2024 Assets Current Assets: Cash and cash equivalents $ 432,710 $ 159,238 Accounts receivable, net (1) 58,854 57,997 Inventory 9,673 8,057 Costs capitalized to obtain contracts, net 1,231 1,098 Prepaid expenses and other current assets 18,741 14,599 Total current assets 521,209 240,989 Restricted cash, noncurrent 1,518 1,221 Property and equipment, net 3,042 1,779 Costs capitalized to obtain contracts, noncurrent 965 1,049 Prepaid expenses and other assets, noncurrent (2)(3) 49,194 21,611 Operating lease right-of-use asset 512 683 Intangible assets, net 42,520 40,574 Goodwill 134,619 133,674 Total Assets $ 753,579 $ 441,580 Liabilities and Stockholders' Equity Current Liabilities: Accounts payable $ 2,966 $ 5,463 Accrued expenses and other current liabilities 27,152 32,015 Deferred revenue, current 42,833 39,860 Total current liabilities 72,951 77,338 Convertible notes, net, noncurrent 309,298 — Deferred revenue, noncurrent 4,507 5,338 Other liabilities, noncurrent 165 359 Total Liabilities $ 386,921 $ 83,035 Commitments and Contingencies (Note 9) Stockholders' Equity Common Stock, $ 0.001 par value; 500,000,000 authorized as of June 30, 2025 and December 31, 2024, respectively; 77,516,232 and 75,404,996 issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 78 75 Additional paid-in capital 644,950 648,124 Accumulated deficit ( 278,314 ) ( 289,698 ) Accumulated other comprehensive (loss) income ( 56 ) 44 Total stockholders' equity 366,658 358,545 Total Liabilities and Stockholders' Equity $ 753,579 $ 441,580 (1) Includes related party receivables of $ 15 and $ 55 as of June 30, 2025 and December 31, 2024, respectively. (2) Includes $ 25,387 and zero measured using the fair

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