Below are the financial statements of Life360, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in thousands of USD | 2024 as of 2024-12-31 | 2023 as of 2023-12-31 |
|---|---|---|
| Assets | — | — |
| Current assets | — | — |
| Cash and cash equivalents | 159,238a | 68,964a |
| Accounts receivable, net | 57,997a | 42,180a |
| Inventory | 8,057a | 4,099a |
| Costs capitalized to obtain contracts, net | 1,098a | 1,010a |
| Prepaid expenses and other current assets | 14,599a | 15,174a |
| Total current assets | 240,989a | 131,427a |
| Restricted cash, noncurrent | 1,221a | 1,749a |
| Property and equipment, net | 1,779a | 730a |
| Costs capitalized to obtain contracts, noncurrent | 1,049a | 834a |
| Prepaid expenses and other assets, noncurrent | 21,611a | 6,848a |
| Operating lease right-of-use asset | 683a | 1,014a |
| Intangible assets, net | 40,574a | 45,441a |
| Goodwill | 133,674a | 133,674a |
| Total assets | 441,580a | 321,717a |
| Liabilities and stockholders’ equity | — | — |
| Current liabilities | — | — |
| Accounts payable | 5,463a | 5,896a |
| Accrued expenses and other current liabilities | 32,015a | 27,538a |
| Convertible notes, current | 0a | 3,449a |
| Deferred revenue, current | 39,860a | 33,932a |
| Total current liabilities | 77,338a | 70,815a |
| Convertible notes, noncurrent | 0a | 1,056a |
| Derivative liability, noncurrent | 0a | 217a |
| Deferred revenue, noncurrent | 5,338a | 1,842a |
| Other liabilities, noncurrent | 359a | 723a |
| Total liabilities | 83,035a | 74,653a |
| Stockholders’ equity | — | — |
| Common stock | 75a | 70a |
| Additional paid-in capital | 648,124a | 532,128a |
| Accumulated deficit | -289,698a | -285,143a |
| Accumulated other comprehensive income | 44a | 9a |
| Total stockholders’ equity | 358,545a | 247,064a |
| Total liabilities and stockholders’ equity | 441,580a | 321,717a |
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