Life360 (LIF) FY2024 results: revenue $371 million, up 22.0% on the year

Life360, Inc. (LIF) reported revenue of $371 million for fiscal 2024, the year ended 31 December 2024, up 22.0% on the year before. Net income was -$5 million, and diluted earnings per share $-0.06. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2025.

Revenue

$371 million

+22.0% on the year

FY2020FY2024

Operating margin

-2.1%

-9.8% a year earlier

FY2020FY2024

Net income

-$5 million

FY2020FY2024

Diluted EPS

-$0.06

FY2020FY2024

this yearthe year beforeHover a bar for its figure.

The year in brief

The four quarters: Q1 FY2024 · Q2 FY2024 · Q3 FY2024 · Q4 FY2024

Income statement (profit and loss)

$ million	FY2024	FY2023	FY2022	On the year
Revenue	371	305	228	+22.0%
Cost of revenue	92.3	81.9	79.7	+12.8%
Gross profit	279	223	149	+25.4%
Gross margin	75.1%	73.1%	65.1%
Research and development	113	101	102	+12.0%
Operating income	-8.0	-30.0	-94.4
Operating margin	-2.1%	-9.8%	-41.4%
Pre-tax income	-4.6	-27.6	-91.3
Income tax	-0.1	0.6	0.3
Net income	-4.6	-28.2	-91.6
Net margin	-1.2%	-9.3%	-40.1%
Diluted EPS	-$0.06	-$0.42	-$1.50

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	FY2024	FY2023	FY2022	On the year
Operating cash flow	32.6	7.5	-57.1	+333.4%
Capital expenditure	1.2	0.5	0.0	+134.6%
Free cash flow	31.4	7.0	-57.1	+347.8%
Free cash flow margin	8.5%	2.3%	-25.0%
Cash from investing	-10.1	-2.2	-112
Cash from financing	67.3	-25.0	27.7
Depreciation and amortisation	9.8	9.1	9.2	+7.0%
Share-based compensation	42.3	38.5	34.7	+9.8%
Diluted shares, weighted	72m	67m	63m	+8.1%
Shares outstanding at period end	75m	68m	65m	+10.6%

Balance sheet

$ million	FY2024	FY2023	FY2022	On the year
Shareholders' equity	359	247	245	+45.1%
Debt	0.0	4.5	7.6
Operating lease liabilities	0.4	0.7	0.0	-50.3%
Other liabilities	82.7	69.4	87.5	+19.1%
Total liabilities and equity	442	322	340	+37.3%
Fixed assets	1.8	0.7	0.4	+143.7%
Goodwill	134	134	134	0.0%
Intangible assets	40.6	45.4	52.7	-10.7%
Investments	19.8	n/a	n/a
Cash and equivalents	159	69.0	75.4	+130.9%
Receivables	58.0	42.2	33.1	+37.5%
Inventory	8.1	4.1	10.8	+96.6%
Other assets	20.5	26.6	33.5	-23.0%
Total assets	442	322	340	+37.3%

10-K for the year ended 31 December 2024, filed 27 February 2025: the filing.