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 millions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Subscription revenue | 277.85a | 220.79a | 153.29a |
| Hardware revenue (including related party revenue of $55, $0, and $0, respectively) | 57.59a | 58.18a | 47.88a |
| Other revenue | 36.05a | 25.55a | 27.13a |
| Total revenue | 371.48a | 304.52a | 228.31a |
| Cost of subscription revenue | -41.01a | -30.98a | -30.66a |
| Cost of hardware revenue | -47.23a | -47.38a | -45.44a |
| Cost of other revenue | -4.09a | -3.52a | -3.61a |
| Total cost of revenue | -92.33a | -81.88a | -79.71a |
| Gross profit | 279.16a | 222.64a | 148.6a |
| Operating expenses | — | — | — |
| Research and development | -113.07a | -100.97a | -102.48a |
| Sales and marketing | -113.35a | -99.07a | -92.42a |
| General and administrative | -60.71a | -52.58a | -48.11a |
| Total operating expenses | -287.13a | -252.62a | -243.01a |
| Loss from operations | -7.98a | -29.98a | -94.41a |
| Other income (expense) | — | — | — |
| Convertible notes fair value adjustment | -0.61a | -0.68a | 1.79a |
| Derivative liability fair value adjustment | -1.71a | -0.12a | 1.3a |
| Loss on settlement of convertible notes | -0.44a | 0a | 0a |
| Gain on settlement of derivative liability | 1.92a | 0a | 0a |
| Gain on change in fair value of investment | 5.39a | 0a | 0a |
| Other income (expense), net | -1.21a | 3.23a | 0.01a |
| Total other income (expense), net | 3.35a | 2.43a | 3.09a |
| Loss before income taxes | -4.63a | -27.56a | -91.32a |
| Provision for (benefit from) income taxes | -0.07a | -0.62a | -0.31a |
| Net loss | -4.56a | -28.17a | -91.63a |
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