Life360, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 6 fiscal years, taken from the XBRL data Life360, Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2020	FY2022	FY2022	FY2023	FY2024	FY2025
Revenue	80.7	113	228	305	371	489
Cost of revenue	15.4	22.8	79.7	81.9	92.3	109
Gross profit	65.3	89.9	149	223	279	381
Research and development	39.6	51	102	101	113	128
Selling and marketing	30.2	47.5	92.4	99.1	113	155
General and administrative	12.1	23.7	48.1	52.6	60.7	78.6
Operating income	-16.7	-32.3	-94.4	-30	-7.98	18.8
Other non-operating income	0.32	-1.42	3.09	2.43	3.35	13.8
Pre-tax income	-16.3	-33.7	-91.3	-27.6	-4.63	32.7
Income tax	0	-0.13	0.31	0.62	-0.07	-118
Net income	-16.3	-33.6	-91.6	-28.2	-4.56	151
EBITDA	-16	-31.4	-85.2	-20.8	1.8	32.2
EPS, basic	-0.33	-0.65	-1.47	-0.42	-0.06	1.95
EPS, diluted	-0.33	-0.65	-1.50	-0.42	-0.06	1.77
Shares, basic (weighted)	49.3	51.7	62.2	66.7	72.1	77.3
Shares, diluted (weighted)	49.3	51.7	62.8	66.7	72.1	85.2

Balance sheet

	FY2020	FY2022	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	56.4	231	75.4	69	159	494
Receivables		11.8	33.1	42.2	58	80.7
Inventory		2.01	10.8	4.1	8.06	9.87
Other current assets		10.6	8.55	15.2	14.6	20.1
Total current assets		257	143	131	241	606
Property, plant and equipment		0.58	0.39	0.73	1.78	3.02
Lease right-of-use assets		1.63	0.8	1.01	0.68	0.34
Goodwill		31.1	134	134	134	135
Intangible assets		7.99	52.7	45.4	40.6	38.3
Long-term investments					19.8
Other non-current assets		0.37	0.14	0.02
Total assets		302	340	322	442	960
Accounts payable		3.25	13.8	5.9	5.46	8.41
Accrued liabilities		1.32	3.9	3.35	3.83	7.12
Deferred revenue		13.9	30.1	33.9	39.9	46.4
Total current liabilities		41.4	87.6	70.8	77.3	96.8
Lease liabilities		0.29	0	0.72	0.36	0
Other non-current liabilities		1.21	0.58	0.72	0.36	0
Total liabilities		52.3	95.1	74.7	83	412
Total debt			7.57	4.51
Paid-in capital		416	502	532	648	687
Retained earnings		-165	-257	-285	-290	-139
Treasury stock						0
Other comprehensive income		0	-0.01	0.01	0.04	0.05
Shareholders' equity	64.2	250	245	247	359	548
Total equity	64.2	250	245	247	359	548
Total liabilities and equity		302	340	322	442	960
Shares outstanding		60.2	65.2	68.2	75.4	79.4

Cash flow statement

	FY2020	FY2022	FY2022	FY2023	FY2024	FY2025
Net income	-16.3	-33.6	-91.6	-28.2	-4.56	151
Depreciation and amortization	0.66	0.88	9.2	9.14	9.78	13.3
Stock-based compensation	8.09	11.8	34.7	38.5	42.3	55.5
Deferred income tax				0	0	-118
Change in receivables	-1.15	-2.69	6.47	-9.06	-16.1	-23.5
Change in inventory	0	-0.86	-0.5	5.81	-3.96	-1.81
Change in payables	1.93	0.56	-12.7	-7.9	-0.43	3.06
Cash from operations	-7.25	-12.2	-57.1	7.52	32.6	88.6
Capital expenditures	-0.65	-0.08	0	-0.51	-1.19	-1.79
Acquisitions	0	-2.98	-111	0	0	-2.83
Cash from investing	-0.65	-7.06	-112	-2.22	-10.1	-35.3
Debt issued	3.12	0	0
Stock issued	0	193	32.2	0
Cash from financing	0.45	194	27.7	-25	67.3	282
Net change in cash	-7.46	175	-141	-19.7	89.7	335
Free cash flow	-7.9	-12.2	-57.1	7.02	31.4	86.8
Interest paid	0	0.02	0.51	0.64	0.05	0
Income taxes paid	0	0.03	0	0.7	2.38	-0.89

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $39.98 on September 28, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	77.6%	Gross profit / revenue.
Operating margin	1.1%	Operating income / revenue.
EBITDA margin	2.7%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	2.5%	Pre-tax income / revenue.
Net margin	25.7%	Net income / revenue.
FCF margin	18.0%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	18.2%	Cash from operations / revenue.
Effective tax rate	-947.6%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	24.0%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	14.0%	Net income / average total assets.
Return on invested capital (ROIC)	1.5%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
R&D / revenue	26.6%	Research and development expense / revenue.
Stock-based pay / revenue	12.1%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	0.2%	Capital expenditures / revenue.
D&A / revenue	1.6%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	31.8%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	28.9%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	43.4%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	36.4%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	36.8%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	42.3%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	1,684.0%	EBITDA vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y	171.8%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow growth, 1y	176.3%	Free cash flow vs the same period a year earlier. Only from a positive base.
Book value growth, 1y	52.9%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	30.9%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	53.6%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	117.3%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	41.4%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Share count change, 1y	18.1%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	10.7%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	11.5%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	5.60x	Current assets / current liabilities.
Quick ratio	3.42x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	2.50x	(Cash + short-term investments) / current liabilities.
Liabilities / assets	41.7%	Total liabilities / total assets.
Working capital	$492.5M	Current assets - current liabilities.
Goodwill and intangibles / assets	23.9%	(Goodwill + intangible assets) / total assets.
Tangible book value	$362.3M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.54x	Revenue / average total assets.
Fixed asset turnover	209x	Revenue / average property, plant and equipment.
Inventory turnover	8.72x	Cost of revenue / average inventory.
Days inventory	42 days	365 x average inventory / cost of revenue.
Receivables turnover	5.81x	Revenue / average receivables.
Days sales outstanding	63 days	365 x average receivables / revenue.
Days payables	44 days	365 x average accounts payable / cost of revenue.
Cash conversion cycle	60 days	Days inventory + days sales outstanding - days payables.
FCF conversion	70.1%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	1.0%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$1.72	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$6.69	Revenue / diluted weighted shares.
FCF per share	$1.21	Free cash flow / diluted weighted shares.
Operating cash flow per share	$1.22	Cash from operations / diluted weighted shares.
Book value per share	$7.55	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$4.46	Tangible book value / shares outstanding.
Cash per share	$3.29	(Cash + short-term investments) / shares outstanding.

Valuation

Metric	Value	How it is calculated
Market cap	$3.26B	Share price x shares outstanding.
Enterprise value	$2.99B	Market cap + total debt - cash - short-term investments.
P/E	22.1x	Market cap / net income. Only when net income is positive.
P/S	5.69x	Market cap / revenue.
P/B	5.31x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	8.99x	Market cap / tangible book value, when positive.
P/FCF	31.6x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	31.2x	Market cap / cash from operations, when positive.
EV/Sales	5.22x	Enterprise value / revenue.
EV/EBIT	459x	Enterprise value / operating income, when both are positive.
EV/EBITDA	190x	Enterprise value / EBITDA, when both are positive.
EV/FCF	29.0x	Enterprise value / free cash flow, when both are positive.
FCF yield	3.2%	Free cash flow / market cap.
Earnings yield	4.5%	Net income / market cap (the inverse of P/E).

What was Life360, Inc.'s revenue in fiscal 2025?

Life360, Inc. reported revenue of $489.5M for fiscal 2025, 31.8% higher than the year before.

Was Life360, Inc. profitable in fiscal 2025?

Yes. Net income was $150.8M, a net margin of 30.8%.

How much free cash flow did Life360, Inc. generate in fiscal 2025?

Cash from operations of $88.6M minus capital expenditures of $1.8M left free cash flow of $86.8M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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