Life360 Reports 32% Revenue Growth to $103.6 Million, Achieves Net Income Turnaround

Life360, Inc. reported significant financial growth in its latest quarterly filing for the period ending March 31, 2025. The company achieved total revenue of $103.6 million, marking a 32% increase from $78.2 million in the same quarter of the previous year. This growth was primarily driven by a 33% rise in subscription revenue, which reached $81.9 million, up from $61.6 million. The company also reported a net income of $4.4 million, a substantial turnaround from a net loss of $9.8 million in the prior year, reflecting a 145% improvement.

The filing highlighted several strategic developments, including the acquisition of assets from Fantix, Inc. for $4.5 million, which included $3.5 million in cash and $1 million in common stock. This acquisition is expected to enhance Life360's product offerings and market position. Additionally, the company has seen a 26% increase in its Paying Circles, which now total approximately 2.4 million, and a 19% increase in total subscriptions, reaching about 3 million. Monthly Active Users (MAUs) also grew by 26% year-over-year, reaching 83.7 million.

Operationally, Life360's gross profit increased to $83.5 million, up 39% from the previous year, with a gross margin of 81%. The company reported a 9% increase in the cost of subscription revenue, attributed to growth-related expenses. However, the cost of hardware revenue saw a 7% increase, which negatively impacted the hardware gross margin, dropping to 3% from 21% in the prior year. The company continues to focus on expanding its geographic reach and enhancing product adoption rates, particularly through its hardware offerings.

Looking ahead, Life360 expressed optimism about its growth trajectory, supported by its strong cash position of $168.9 million as of March 31, 2025, up from $159.2 million at the end of 2024. The company anticipates that its existing cash and cash equivalents, along with revenue from subscriptions and hardware sales, will be sufficient to meet its working capital and capital expenditure needs for at least the next 12 months. Life360's management remains focused on leveraging its technology platform to enhance family connectivity and safety, while also exploring additional revenue channels through partnerships and product innovations.