{"success":true,"data":{"pressRelease":{"id":"30319","rtpr_id":"nGNX7xCcB","ticker":"LIF","exchange":"NASDAQ","all_tickers":["LIF"],"title":"Life360 Reports Record Q1 2026 Results","author":"Globe Newswire","published_at":"2026-05-11T20:05:01.529Z","article_body":"Record Quarterly Global Net Additions of 201 thousand Paying Circles,\nReaching 3.0 million Total\nMonthly Active Users Reached Approximately 97.8 million; Up 17%\nYear-Over-Year \nTotal Revenue Grew 38% Year-Over-Year to $143.1 million \nAnnualized Monthly Revenue Increased 32% Year-Over-Year to $517.9 million\nRecord Q1 Advertising Revenue of $19.7 million.\n\nSAN FRANCISCO, May 11, 2026 (GLOBE NEWSWIRE) -- Life360, Inc. (Life360 or the\nCompany) (NASDAQ: LIF, ASX: 360), the provider of the market leading family\nsafety and connection mobile application, today announced unaudited financial\nresults for the first quarter (Q1’26) ended March 31, 2026.\n\nBuilding on the momentum of prior quarters, the Company achieved\nrecord-breaking results across key metrics, including Paying Circles, Global\nNet Additions, Subscription Revenue, Annualized Monthly Revenue, and\nAdvertising Revenue.\n\n\"Life360 has become a meaningful part of everyday family life for more than 97\nmillion people who use Life360 to keep their families safe and connected,\"\nsaid Life360 Chief Executive Officer Lauren Antonoff. \"The value we deliver to\nour members powered record-breaking Paying Circle additions in Q1. At the same\ntime, our Life360 Ads platform scaled to become a material part of our\nbusiness. And with AI, we're moving faster than ever to transform Life360 into\nthe super app that makes everyday family better.\"\n\n\"Life360 delivered strong growth and financial performance in Q1’26,\" said\nChief Financial Officer Russell Burke. \"Quarterly revenue grew 38%\nyear-over-year to $143.1 million, and our Annualized Monthly Revenue of\n$517.9 million was up 32% year-over-year. We are disclosing our Advertising\nRevenue separately for the first time this quarter, which reached\n$19.7 million in the quarter and was up 329% year-over-year, as the Life360\nAdvertising Platform took flight following the closing of the Nativo\nacquisition.”\n\n\"We ended Q1’26 with $459.0 million in cash, cash equivalents, restricted\ncash, and short-term investments, a significant increase from $170.4 million\na year ago at this time, primarily driven by the net proceeds from our June\n2025 convertible notes offering and operating cash flows generated over the\nlast twelve months. In Q1’26 alone, we generated operating cash flows of\n$17.2 million, up 42% year-over-year.\n\n\"Looking ahead, we expect revenue growth acceleration into the back half of\n2026 driven by both our core subscription business and our advertising\nplatform entering its strongest seasonal window. We will continue to invest in\nstrategic initiatives including international expansion, advertising platform\nscaling, and product innovation, while remaining committed to balancing growth\ninvestment with margin expansion.\"\n\nQ1'26 Financial Highlights\n* Total Q1'26 revenue of $143.1 million, a YoY increase of 38%, with total\nsubscription revenue of $108.2 million, up 32% YoY and core subscription\nrevenue(1) of $103.5 million, up 36% YoY.\n* Advertising revenue of $19.7 million, up 329% YoY.\n* Annualized Monthly Revenue (AMR) of $517.9 million, up 32% YoY.\n* Adjusted EBITDA(2) of $17.1 million increased 7% from $15.9 million in\nQ1'25.\n* Positive Operating Cash Flow of $17.2 million, up 42% YoY.\n* Quarter-end cash, cash equivalents, restricted cash and short-term\ninvestments of $459.0 million, an increase of $288.6 million from Q1'25.\nQ1'26 Operating Highlights\n* Q1'26 global MAU net additions of 1.9 million lifted total MAU to\napproximately 97.8 million, up 17% YoY.\n* Q1'26 global Paying Circle net additions totaled 201 thousand. Total Paying\nCircles grew 27% YoY to 3.0 million.\n* Average Revenue Per Paying Circle (ARPPC) increased 7% YoY primarily due to\na shift in product mix toward higher-priced offerings across select\ninternational markets throughout 2025.\nKey Performance Indicators\n\n (in millions, except ARPPC, ARPPS, ASP, and percentages) Q1 2026 Q1 2025 % YoY \n Core (3) \n Monthly Active Users (MAU) - Global (4) 97.8 83.7 17 % \n U.S. 51.8 45.3 14 % \n International 46.0 38.4 20 % \n UK, ANZ, CA 12.5 9.9 26 % \n Other International 33.5 28.5 18 % \n Paying Circles - Global (5) 3.0 2.4 27 % \n U.S. 2.1 1.7 24 % \n International 0.9 0.7 32 % \n UK, ANZ, CA 0.4 0.3 30 % \n Other International 0.5 0.4 34 % \n Average Revenue per Paying Circle (ARPPC) (6)(,)(7) $ 143.03 $ 133.42 7 % \n \n Life360 Consolidated \n Subscriptions (8) 3.5 3.0 17 % \n Average Revenue per Paying Subscription (ARPPS) (7)(,)(9) $ 127.15 $ 112.98 13 % \n Net hardware units shipped (10) 0.4 0.5 (25 )% \n Average Selling Price (ASP) (11)(,)(12) $ 11.88 $ 16.99 (30 )% \n Annualized Monthly Revenue (AMR) $ 517.9 $ 393.0 32 % \n \n* Global MAU increased 17% YoY to approximately 97.8 million, with Q1'26 net\nadditions of 1.9 million. U.S. MAU increased 14% YoY, with Q1'26 net adds of\n1.2 million. United Kingdom (“UK”), Australia-New Zealand (“ANZ”) and\nCanada (“CA”) MAU increased 26% YoY, with Q1'26 net adds of 0.5 million,\nwhile other international MAU increased 18% YoY and saw net adds of\n0.2 million.\n* Q1'26 global Paying Circle net additions of 201 thousand, bringing total\nPaying Circles to approximately 3.0 million, up 27% YoY, driven by strong\nU.S. and international performance. U.S. Paying Circles increased 24% YoY\ndriven by improved conversion metrics. UK, ANZ, and CA Paying Circles\nincreased 30% YoY, with Q1'26 net adds of 29 thousand, while other\ninternational Paying Circles increased 34% YoY and saw net adds of\n36 thousand.\n* Q1'26 global ARPPC increased 7% YoY. U.S. ARPPC increased 5% YoY, primarily\ndue to a shift in product mix toward higher-priced offerings. Q1'26\ninternational ARPPC increased 23% YoY, reflecting price increases across\nselect international markets and a shift in product mix toward higher-priced\nofferings.\n* Q1'26 Net hardware units shipped decreased 25% YoY to approximately 0.4\nmillion units, primarily due to a decrease in online retail sales, as well as\nthe strategic exit of our brick-and-mortar retail channel. The ASP of hardware\nunits shipped decreased 30% YoY primarily due to an increase in discounts\noffered in connection with the strategic exit of our brick-and-mortar retail\nchannel.\n* March 2026 AMR increased 32% YoY, benefitting from continued subscriber\ngrowth as well as an increase in other recurring revenue.\nOperating Results\n\nRevenue\n\n Three Months Ended March 31, \n 2026 2025 \n ($ millions) (unaudited) \n Subscription revenue $ 108.2 $ 81.9 \n U.S. subscription revenue 88.9 69.6 \n International subscription revenue 19.3 12.2 \n Hardware revenue 4.5 8.9 \n Advertising revenue (13) 19.7 4.6 \n Other revenue 10.7 8.3 \n Total revenue $ 143.1 $ 103.6 \n \n* Q1'26 total subscription revenue increased 32% YoY to $108.2 million,\nprimarily driven by 27% growth in Paying Circles and a 7% uplift in ARPPC.\n* Q1'26 hardware revenue decreased 49% YoY to $4.5 million, primarily driven\nby a 25% decrease in net hardware units shipped and an increase in discounts\nand returns largely related to the strategic exit of our brick-and-mortar\nretail channel.\n* Q1'26 advertising revenue increased 329% YoY to $19.7 million, primarily\ndriven by growth in managed advertising revenue(14) following the acquisition\nof Nativo.\n* Q1'26 other revenue increased 30% YoY to $10.7 million due to higher data\nrevenue from increased data volumes resulting from user growth as well as an\nincrease in partnership revenue.\nCore Subscription Revenue\n* Core subscription revenue represents GAAP subscription revenue from the\nLife360 mobile application and excludes subscription revenue from non-core\nofferings, including hardware-related subscriptions, for the reported period.\nCore subscription revenue represents revenue derived from, and the overall\nsuccess of, our core product offering. Q1'26 core subscription revenue\nincreased 36% YoY primarily driven by a 27% YoY increase in Paying Circles and\na 7% higher ARPPC.(15)\n Three Months Ended March 31, \n 2026 2025 \n ($ millions) (unaudited) \n Subscription revenue $ 108.2 $ 81.9 \n Non-Core subscription revenue (4.7 ) (5.7 ) \n Core subscription revenue (16) $ 103.5 $ 76.2 \n \n\nGross Profit\n\n Three Months Ended March 31, \n 2026 2025 \n ($ millions, except percentages) (unaudited) \n Gross Profit $ 110.6 $ 83.5 \n Gross Margin 77 % 81 % \n Gross Margin (Subscription Only) 87 % 88 % \n \n* Q1'26 gross margin decreased to 77% from 81% in the prior year, primarily\ndue to the inclusion of a broader range of advertising products with different\nmargins following the acquisition of Nativo and an increase in hardware\ndiscounts and returns largely attributable to the strategic exit of the\nbrick-and-mortar retail channel.\nOperating Expenses\n\n Three Months Ended March 31, \n 2026 2025 \n ($ millions) (unaudited) \n Research and development $ 39.3 $ 30.4 \n Sales and marketing 57.0 35.3 \n General and administrative 22.3 15.6 \n Total operating expenses $ 118.6 $ 81.4 \n Total operating expenses as % of revenue 83 % 79 % \n \n* Q1’26 operating expenses increased 46% YoY, primarily reflecting higher\npersonnel-related costs due to Company growth and the acquisition of Nativo,\nas well as increased growth media spend. As a result, operating expenses as a\npercentage of revenue increased to 83% from 79%.\n* Q1'26 research and development costs increased 29% YoY, primarily driven by\nhigher personnel-related and technology costs due to Company growth and the\nacquisition of Nativo.\n* Q1'26 sales and marketing costs increased 62% YoY, primarily driven by a\nstrategic increase in growth media spend to support new initiatives, higher\napp store commissions (commissions paid to our channel partners), which\nrepresent over one-third of total sales and marketing expense and increased in\nline with subscription revenue growth, and an increase in sales force\npersonnel-related and other costs in connection with the acquisition of\nNativo.\n* Q1'26 general and administrative expenses increased 43% YoY, primarily\ndriven by higher personnel-related costs attributable to Company growth,\nwarehouse relocation costs, and Nativo integration costs.\nCash Flow\n\n Three Months Ended March 31, \n 2026 2025 \n ($ millions) (unaudited) \n Net cash provided by operating activities $ 17.2 $ 12.1 \n Net cash used in investing activities (163.6 ) (4.3 ) \n Net cash provided by financing activities 3.4 2.2 \n Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash (143.0 ) 9.9 \n Cash, Cash Equivalents, and Restricted Cash at the End of the Period $ 352.9 $ 170.4 \n \n* Life360 ended Q1'26 with cash, cash equivalents and restricted cash of\n$352.9 million, a decrease of $143.0 million from Q4’25, reflecting cash\nused for the acquisition of Nativo and the purchase of short-term investments.\n* Q1'26 operating cash flow was $17.2 million. This was offset by\n$163.6 million used in investing activities primarily related to purchases of\nshort-term investments and the acquisition of Nativo. Financing activities\nprovided an additional $3.4 million primarily from the monetization of tariff\nrefund claims and the exercise of stock options.\n* Q1'26 net cash provided by operating activities of $17.2 million was higher\nthan Adjusted EBITDA of $17.1 million primarily due to the timing of receipts\nand payables. See the Adjusted EBITDA section below for the definition and\nreconciliation of Adjusted EBITDA.\n* Cash, cash equivalents and restricted cash increased $182.5 million YoY.\nThe increase was primarily driven by net proceeds from the issuance of the\nJune 2025 convertible notes and cumulative positive operating cash flow. This\nwas primarily offset by $106.4 million in purchases of short-term investments\nand $55.6 million of net cash paid for the acquisition of Nativo.\nAdjusted EBITDA\n\nTo supplement our consolidated financial statements prepared and presented in\naccordance with GAAP, we use certain non-GAAP financial measures, as described\nbelow, to facilitate analysis of our financial and business trends and for\ninternal planning and forecasting purposes. For more information, see the\n“Supplementary and Non-GAAP Financial Information” section below.\n\nNon-GAAP financial measures include adjusted earnings before interest, taxes,\ndepreciation and amortization (Adjusted EBITDA) and Adjusted EBITDA Margin.\nAdjusted EBITDA is defined as net income, excluding (i) loss on change in fair\nvalue of investment, (ii) benefit from income taxes, (iii) depreciation and\namortization, (iv) interest income, (v) other income (expense), net, (vi)\nacquisition-related transaction and integration costs, (vii) stock-based\ncompensation, (viii) channel restructuring costs, and (ix) warehouse\nrelocation costs. These items are excluded from Adjusted EBITDA because they\nare non-cash in nature, because the amount and timing of these items are\nunpredictable, or because they are not driven by core results of operations\nand render comparisons with prior periods and competitors less meaningful.\n\nThe following table presents a reconciliation of Net income, the most directly\ncomparable GAAP measure, to Adjusted EBITDA:\n\n Three Months Ended March 31, \n 2026 2025 \n ($ thousands, except percentages) \n Net income $ 2,779 $ 4,378 \n Net income margin 2 % 4 % \n Add (deduct): \n Loss on change in fair value of investment (17) 3,850 — \n Benefit from income taxes (11,684 ) (214 ) \n Depreciation and amortization (18) 5,422 2,862 \n Interest income (3,816 ) (1,784 ) \n Other income (expense), net 793 (191 ) \n Acquisition-related transaction and integration costs (19) 1,115 993 \n Stock-based compensation 16,255 9,889 \n Channel restructuring costs (20) 1,779 — \n Warehouse relocation costs (21) 606 — \n Adjusted EBITDA $ 17,099 $ 15,933 \n Adjusted EBITDA margin 12 % 15 % \n \n* Q1'26 delivered Adjusted EBITDA of $17.1 million, up 7% from $15.9 million\nin Q1’25, driven by continued strong subscription and advertising revenue\ngrowth.\nEarnings Guidance(22)\n\nFor FY’26, Life360 expects to deliver:\n* MAU growth of 17% to 20%, weighted toward the second half of the year;\n* Consolidated revenue of $650 million to $685 million (YoY growth of 33% to\n40%), increased from the previous range of $640 million to $680 million\ncomprised of: * Subscription revenue of $470 million to $475 million\nincreased from $460 million to $470 million;\n* Hardware revenue of $40 million to $50 million (unchanged);\n* Advertising revenue of $98 million to $115 million (unchanged);\n* Other revenue of $42 million to $45 million (unchanged);\n \n* Adjusted EBITDA(2) of $130 million to $140 million, increased from the\nprevious range of $128 million to $138 million, which represents a margin of\napproximately 20%. As previously disclosed, due to timing of investments to\nsupport our growth, and typical seasonality, we anticipate Adjusted EBITDA to\nbe lightly weighted in the first half of 2026, and heavily weighted in the\nsecond half of 2026.\nInvestor Conference Call\n\nA conference call will be held today as follows:\n\nUS PDT: Monday 11 May 2026 at 3 p.m.\nUS EDT: Monday 11 May 2026 at 6 p.m.\nAEDT: Tuesday 12 May 2026 at 8 a.m.\n\nThe call will be held as a Zoom audio webinar.\n\nParticipants wishing to ask a question should register and join via their\nbrowser here\n(https://www.globenewswire.com/Tracker?data=s9AkuT25hKy4aiGgff0D2h_dNDH8PSWNukXGGjL9LjaytcHDXLOr2Zj2VrmiqEA2BtggwuwLMyBbIWYFvFhFc5iWWFd2l7xJXHunaBvk7rPVwKS68DC3UTKX1cmoJly8eWcnWae8Gf_3gXZ26gv92g==).\nParticipants joining via telephone will be in listen only mode.\n\nDial in details\nU.S.: +1 669 900 6833\nAustralia: +61 2 8015 6011\nOther countries: details\n(https://www.globenewswire.com/Tracker?data=CNcuPFUZPEx3tSBy60HDYor7XgHcpQbCubet4fqRiHqAM1ZqVHaszKxOpCxK_HOW6XN3LT87rUtQ9qPhRb05q5lvFFnhtlC2N6SizWENUIAiXWnrspTc2aA3uCWMun6f_I5jqBTpZnN_nkR2LE7CIofk0b-aorKdHVjr2N45EYk=)\nMeeting ID: 944 3637 1045\n\nA replay will be available after the call at https://investors.life360.com.\n\nAuthorization\n\nLauren Antonoff, Director and Chief Executive Officer of Life360, authorized\nthis announcement being given to ASX.\n\nAbout Life360\n\nLife360, a family connection and safety company, keeps people close to the\nones they love. The category-leading mobile app and hardware tracking devices\nempower members to stay connected to the people, pets, and things they care\nabout most, with a range of services, including location sharing, safe driver\nreports, and crash detection with emergency dispatch. As a remote-first\ncompany based in the San Francisco Bay Area, Life360 serves approximately\n97.8 million monthly active users (MAU), as of March 31, 2026, across more\nthan 180 countries. Life360 delivers peace of mind and enhances everyday\nfamily life in all the moments that matter, big and small. For more\ninformation, please visit life360.com.\n\nContacts\n\n For U.S. investor inquiries: For U.S. media inquiries: \n \n Raymond (RJ) Jones Lynnette Bruno \n rjones@life360.com press@life360.com \n \n For Australian investor inquiries: For Australian media inquiries: \n \n Jolanta Masojada, +61 417 261 367 Giles Rafferty, +61 481 467 903 \n jmasojada@life360.com grafferty@firstadvisers.com.au \n \n\nForward-looking statements\n\nThis announcement and the accompanying presentation and conference call\ncontain forward-looking statements within the meaning of the Private\nSecurities Litigation Reform Act of 1995. Life360 intends such forward-looking\nstatements to be covered by the safe harbor provisions for forward-looking\nstatements contained in Section 21E of the Securities Exchange Act of 1934, as\namended. These forward-looking statements regarding Life360’s intentions,\nobjectives, plans, expectations, assumptions and beliefs about future events,\nincluding Life360’s expectations with respect to the financial and operating\nperformance of its business, including subscription revenue, hardware revenue,\nother revenue and consolidated revenue, ability to create new revenue streams,\nand margin expansion; the resiliency of Life360’s core subscription\nbusiness; the ability of Life360 to adapt to and mitigate the impact of\nmacroeconomic considerations including tariffs and trade barriers; its ability\nto deliver contextually relevant advertisements that enhance the user\nexperience by leveraging its extensive first-party location data; Adjusted\nEBITDA, and operating cash flow; expectations regarding MAU and other member\nmetrics; its capital position; future growth and market opportunities; plans\nto launch new features and products; the impact of price increases and\nexpansion of product offerings in the UK, Australia and New Zealand on future\nresults of operations; its expectations of growth in its data business; its\nexpectation of a new enterprise revenue stream and enhanced location\ncapabilities of its hardware devices; its focus on developing a GPS lineup,\nbuilt on Jiobit technology, the timing of new devices, and the potential for\nthe next generation of hardware to drive a new wave of subscription growth; as\nwell as Life360’s expectations of any changes to the information disclosed\nherein. The words “anticipate”, “believe”, “expect”,\n“project”, “predict”, “will”, “forecast”, “estimate”,\n“likely”, “intend”, “outlook”, “should”, “could”,\n“may”, “target”, “plan” and other similar expressions can\ngenerally be used to identify forward-looking statements. Indications of, and\nguidance or outlook on, future earnings or financial position or performance\nare also forward-looking statements. Investors and prospective investors are\ncautioned not to place undue reliance on these forward-looking statements as\nthey involve inherent risk and uncertainty (both general and specific) and\nshould note that they are provided as a general guide only and should not be\nrelied on as an indication or guarantee of future performance. There is a risk\nthat such predictions, forecasts, projections and other forward-looking\nstatements will not be achieved. Subject to any continuing obligations under\napplicable law, Life360 does not undertake any obligation to publicly release\nthe result of any revisions to these forward-looking statements to reflect\nevents or circumstances after the date of this announcement, to reflect any\nchange in expectations in relation to any forward-looking statements or any\nchange in events, conditions or circumstances on which any such statements are\nbased.\n\nAlthough Life360 believes that the expectations reflected in the\nforward-looking statements and the assumptions upon which they are based are\nreasonable, Life360 can give no assurance that such expectations and\nassumptions will prove to be correct and, actual results may vary in a\nmaterially positive or negative manner. Forward-looking statements are subject\nto known and unknown risks, uncertainty, assumptions and contingencies, many\nof which are outside Life360’s control, and are based on estimates and\nassumptions that are subject to change and may cause actual results,\nperformance or achievements to differ materially from those expressed or\nimplied by such statements. Factors that could cause actual results to differ\nmaterially from those in the forward-looking statements include risks related\nto the preliminary nature of financial results, risks related to Life360’s\nbusiness, market risks, Life360’s need for additional capital, and the risk\nthat Life360’s products and services may not perform as expected, as\ndescribed in greater detail under the heading “Risk Factors” in\nLife360’s ASX and SEC filings, including its Annual Report on Form 10-K\nfiled with the Securities and Exchange Commission on March 2, 2026. To the\nmaximum extent permitted by law, responsibility for the accuracy or\ncompleteness of any forward-looking statements whether as a result of new\ninformation, future events or results or otherwise is disclaimed. This\nannouncement should not be relied upon as a recommendation or forecast by\nLife360. Past performance information given in this document is given for\nillustrative purposes only and is not necessarily a guide to future\nperformance and no representation or warranty is made by any person as to the\nlikelihood of achievement or reasonableness of any forward-looking statements,\nforecast financial information, future share price performance or any\nunderlying assumptions. Nothing contained in this document nor any information\nmade available to you is, or shall be relied upon as, a promise,\nrepresentation, warranty or guarantee as to the past, present or the future\nperformance of Life360\n(https://www.globenewswire.com/Tracker?data=MF2FYaSYHvqO1UlnA9FB2usxpreiPZyPVcRpkjW615g2QCISUtrohoHRPxnwLvUvGBrqkO1ghdU9PU0F09k5Tw==).\n\n Condensed Consolidated Statements of Operations and Comprehensive Income \n (Dollars in U.S. $, in thousands, except share and per share data) \n (unaudited) \n \n Three Months Ended March 31, \n 2026 2025 \n Subscription revenue $ 108,194 $ 81,874 \n Hardware revenue 4,526 8,907 \n Advertising revenue 19,661 4,584 \n Other revenue 10,742 8,259 \n Total revenue 143,123 103,624 \n Cost of subscription revenue 14,504 10,141 \n Cost of hardware revenue 8,624 8,597 \n Cost of advertising revenue 7,935 262 \n Cost of other revenue 1,497 1,075 \n Total cost of revenue 32,560 20,075 \n Gross profit 110,563 83,549 \n Operating expenses: \n Research and development 39,272 30,403 \n Sales and marketing 57,024 35,308 \n General and administrative 22,345 15,649 \n Total operating expenses 118,641 81,360 \n Income (loss) from operations (8,078 ) 2,189 \n Other income (expense): \n Loss on change in fair value of investment (3,850 ) — \n Interest income 3,816 1,784 \n Other income (expense), net (793 ) 191 \n Total other income (expense), net (827 ) 1,975 \n Income (loss) before income taxes (8,905 ) 4,164 \n Benefit from income taxes (11,684 ) (214 ) \n Net income $ 2,779 $ 4,378 \n Net income per share, basic $ 0.03 $ 0.06 \n Net income per share, diluted $ 0.03 $ 0.05 \n Weighted-average shares used in computing net income per share, basic 80,148,997 75,699,493 \n Weighted-average shares used in computing net income per share, diluted 85,677,079 83,445,337 \n Comprehensive income \n Net income $ 2,779 $ 4,378 \n Change in foreign currency translation adjustment (30 ) 1 \n Unrealized gain on short-term investments, net of tax 57 — \n Total comprehensive income $ 2,806 $ 4,379 \n \n\n\n\n Condensed Consolidated Balance Sheets \n (Dollars in U.S. $, in thousands) \n (unaudited) \n \n March 31, 2026 December 31, 2025 \n Assets \n Current Assets: \n Cash and cash equivalents $ 351,191 $ 494,261 \n Short-term investments 106,104 — \n Accounts receivable, net 94,975 80,715 \n Inventory 15,142 9,867 \n Costs capitalized to obtain contracts, net 1,179 1,211 \n Prepaid expenses and other current assets 21,426 20,050 \n Total current assets 590,017 606,104 \n Restricted cash, noncurrent 1,670 1,567 \n Property and equipment, net 2,885 3,019 \n Costs capitalized to obtain contracts, noncurrent 844 869 \n Prepaid expenses and other assets, noncurrent 44,928 48,480 \n Operating lease right-of-use asset 246 335 \n Intangible assets, net 81,636 38,277 \n Goodwill 173,609 134,619 \n Deferred tax assets, net 145,039 126,418 \n Total Assets $ 1,040,874 $ 959,688 \n Liabilities and Stockholders’ Equity \n Current Liabilities: \n Accounts payable 21,969 8,411 \n Accrued expenses and other current liabilities 39,673 42,002 \n Deferred revenue, current 48,197 46,377 \n Total current liabilities 109,839 96,790 \n Convertible notes, net, noncurrent 310,930 310,386 \n Deferred revenue, noncurrent 3,734 4,330 \n Other liabilities, noncurrent 18,741 — \n Total Liabilities $ 443,244 $ 411,506 \n Stockholders’ Equity \n Common stock 81 79 \n Additional paid-in capital 733,561 686,921 \n Accumulated deficit (136,087 ) (138,866 ) \n Accumulated other comprehensive income 75 48 \n Total stockholders’ equity 597,630 548,182 \n Total Liabilities and Stockholders’ Equity $ 1,040,874 $ 959,688 \n \n\n\n\n Condensed Consolidated Statements of Cash Flows \n (Dollars in U.S. $, in thousands) \n (unaudited) \n \n Three Months Ended March 31, \n 2026 2025 \n Cash Flows from Operating Activities: \n Net income $ 2,779 $ 4,378 \n Adjustments to reconcile net income to net cash provided by operating activities: \n Depreciation and amortization 5,422 2,862 \n Amortization of costs capitalized to obtain contracts 360 283 \n Amortization of operating lease right-of-use asset 90 84 \n Stock-based compensation expense, net of amounts capitalized 16,255 9,889 \n Non-cash interest expense, net 715 — \n Loss on change in fair value of investment 3,850 — \n Non-cash revenue from long-term investments (269 ) (367 ) \n Deferred income taxes (11,944 ) — \n Provision for credit losses 112 339 \n Changes in operating assets and liabilities, net of acquisition: \n Accounts receivable, net 16,650 5,648 \n Prepaid expenses and other assets 448 (4,238 ) \n Inventory (5,275 ) (1,514 ) \n Costs capitalized to obtain contracts, net (302 ) (314 ) \n Accounts payable (5,857 ) (139 ) \n Accrued expenses and other current liabilities (7,258 ) (6,526 ) \n Deferred revenue 1,433 1,771 \n Other liabilities, noncurrent — (96 ) \n Net cash provided by operating activities 17,209 12,060 \n Cash Flows from Investing Activities: \n Cash paid for acquisitions, net of cash acquired (55,590 ) (2,825 ) \n Internally developed software (1,592 ) (1,398 ) \n Purchase of property and equipment — (124 ) \n Purchase of short-term investments (106,407 ) — \n Net cash used in investing activities (163,589 ) (4,347 ) \n Cash Flows from Financing Activities: \n Indemnity escrow payment in connection with the acquisition of Fantix, Inc. (675 ) — \n Proceeds from monetization of tariff refund claims 2,256 — \n Proceeds related to tax withholdings on restricted stock settlements and the exercise of stock options and warrants 12,161 12,770 \n Taxes paid related to net settlement of equity awards (10,329 ) (10,587 ) \n Net cash provided by financing activities 3,413 2,183 \n Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash (142,967 ) 9,896 \n Cash, Cash Equivalents and Restricted Cash at the Beginning of the Period 495,828 160,459 \n Cash, Cash Equivalents, and Restricted Cash at the End of the Period $ 352,861 $ 170,355 \n\nSupplementary and Non-GAAP Financial Information\n\nWe report our financial results in accordance with GAAP, however, management\nbelieves that certain non-GAAP financial measures, such as Adjusted EBITDA,\nand the other measures presented in the tables below provide useful\ninformation to investors and others in understanding and evaluating our\nresults of operations, as well as providing useful measures for\nperiod-to-period comparisons of our business performance. Moreover, we have\nincluded non-GAAP financial measures in this media release because they are\nkey measurements used by our management team internally to make operating\ndecisions, including those related to operating expenses, evaluate\nperformance, and perform strategic planning and annual budgeting.\n\nOur non-GAAP financial measures are presented for supplemental informational\npurposes only, may not be comparable to similarly titled measures used by\nother companies and should not be used as substitutes for analysis of, or\nsuperior to, our operating results as reported under GAAP. Additionally, we do\nnot consider our non-GAAP financial measures as superior to, or a substitute\nfor, the equivalent measures calculated and presented in accordance with GAAP.\nAs such, you should consider these non-GAAP financial measures in addition to\nother financial performance measures presented in accordance with GAAP,\nincluding various cash flow metrics, net income, and our other GAAP results.\n\nNon-GAAP cost of revenue is presented to understand margin economically and\nnon-GAAP operating expenses are presented to understand operating efficiency.\nNon-GAAP cost of revenue and Non-GAAP operating expenses present direct and\nindirect expenses adjusted for non-cash expenses, such as stock-based\ncompensation, depreciation and amortization, and non-recurring expenses, such\nas workplace restructuring costs, warehouse relocation costs, channel\nrestructuring costs, and acquisition-related transaction and integration\ncosts. A reconciliation of GAAP financial information to Non-GAAP financial\ninformation for cost of revenue and operating expenses has been provided as\nsupplementary information below.\n\nGAAP Cost of Revenue to Non-GAAP Cost of Revenue Reconciliation(23)\n\n Three Months Ended March 31, \n 2026 2025 \n (in millions) \n Cost of subscription revenue, GAAP $ 14.5 $ 10.1 \n Less: Depreciation and amortization, GAAP (1.0 ) (0.8 ) \n Less: Stock-based compensation, GAAP (0.5 ) (0.2 ) \n Total cost of subscription revenue, Non-GAAP $ 13.1 $ 9.2 \n \n Cost of hardware revenue, GAAP $ 8.6 $ 8.6 \n Less: Depreciation and amortization, GAAP (1.1 ) (1.0 ) \n Less: Stock-based compensation, GAAP (0.3 ) (0.2 ) \n Less: Other, GAAP 0.2 — \n Total cost of hardware revenue, Non-GAAP $ 7.5 $ 7.4 \n \n Cost of advertising revenue, GAAP $ 7.9 $ 0.3 \n Less: Depreciation and amortization, GAAP (0.5 ) (0.1 ) \n Less: Stock-based compensation, GAAP (0.1 ) — \n Total cost of advertising revenue, Non-GAAP $ 7.3 $ 0.2 \n \n Cost of other revenue, GAAP $ 1.5 $ 1.1 \n Total cost of other revenue, Non-GAAP $ 1.5 $ 1.1 \n \n Cost of revenue, GAAP $ 32.6 $ 20.1 \n Less: Depreciation and amortization, GAAP (2.6 ) (1.8 ) \n Less: Stock-based compensation, GAAP (0.9 ) (0.4 ) \n Less: Other, GAAP 0.2 — \n Total cost of revenue, Non-GAAP $ 29.3 $ 17.9 \n \n\nGAAP Operating expenses to Non-GAAP Operating Expenses Reconciliation(23)\n\n Three Months Ended March 31, \n 2026 2025 \n (in millions) \n Research and development expense, GAAP $ 39.3 $ 30.4 \n Less: Stock-based compensation, GAAP (7.8 ) (5.7 ) \n Less: Other, GAAP (0.1 ) (0.7 ) \n Total Research and development, Non-GAAP $ 31.3 $ 23.9 \n \n Sales and marketing expense, GAAP $ 57.0 $ 35.3 \n Less: Depreciation and amortization, GAAP (2.8 ) (1.1 ) \n Less: Stock-based compensation, GAAP (2.0 ) (1.3 ) \n Less: Other, GAAP (1.0 ) — \n Total Sales and marketing expense, Non-GAAP $ 51.1 $ 32.9 \n \n General and administrative expense, GAAP $ 22.3 $ 15.6 \n Less: Stock-based compensation, GAAP (5.5 ) (2.5 ) \n Less: Other, GAAP (1.1 ) (0.3 ) \n Total General and administrative expense, Non-GAAP $ 15.8 $ 12.9 \n \n Total Operating expenses, GAAP $ 118.6 81.4 \n Less: Depreciation and amortization, GAAP (2.8 ) (1.1 ) \n Less: Stock-based compensation, GAAP (15.4 ) (9.5 ) \n Less: Other, GAAP (2.2 ) (1.0 ) \n Total Operating expenses, Non-GAAP $ 98.3 $ 69.8 \n \n\nFootnotes\n1. Core subscription revenue is defined as subscription revenue derived from\nthe Life360 mobile application and excludes non-core subscription revenue\nwhich relates to other hardware related subscription offerings. For more\ninformation, including the use of this measure, refer to the “Core\nsubscription revenue” section.\n\n2. Adjusted EBITDA is a Non-GAAP measure. For more information, including the\ndefinition of Adjusted EBITDA, the use of this non-GAAP measure, as well as a\nreconciliation of Net Income to Adjusted EBITDA, refer to the “Adjusted\nEBITDA” and “Supplementary and Non-GAAP Financial Information” sections.\n3. Core metrics relate solely to the Life360 mobile application.\n4. MAU is defined as a unique member who engages with our Life360 branded\nservices each month, which includes both paying and non-paying members, and\nexcludes certain members who have a delayed account setup.\n5. A Paying Circle is defined as a group of Life360 members with a paying\nsubscription that has been billed as of the end of a period.\n6. ARPPC is defined as annualized subscription revenue recognized and derived\nfrom the Life360 mobile application, excluding certain revenue adjustments\nrelated to bundled Life360 subscription and hardware offerings, for the\nreported period divided by the Average Paying Circles during the same period.\n7. Excludes revenue related to bundled Life360 subscription and hardware\nofferings of immaterial amounts for the three months ended March 31, 2026 and\n$(0.4) million for the three months ended March 31, 2025, respectively.\n8. Subscriptions are defined as the number of paying subscribers associated\nwith the Life360 and Tile brands who have been billed as of the end of the\nperiod.\n9. ARPPS is defined as annualized total subscription revenue recognized and\nderived from Life360 and Tile subscriptions, excluding certain revenue\nadjustments related to bundled Life360 subscription and hardware offerings,\nfor the reported period divided by the average number of paying subscribers\nduring the same period.\n10. Net hardware units shipped represent the number of hardware tracking\ndevices sold during the period, excluding hardware units related to bundled\nLife360 subscription and hardware offerings, net of returns by our retail\npartners and direct consumers.\n11. Excludes revenue related to bundled Life360 subscription and hardware\nofferings of immaterial amounts for the three months ended March 31, 2026 and\n$0.4 million for the three months ended March 31, 2025, respectively.\n12. To determine the net ASP of a unit, we divide hardware revenue recognized,\nexcluding revenue related to bundled Life360 subscription and hardware\nofferings, for the reported period by the number of net hardware units shipped\nduring the same period.\n13. Advertising revenue was $5.3 million, $7.3 million, and $13.9 million for\nthe three months ended June 30, 2025, September 30, 2025, and December 31,\n2025, respectively.\n14. Managed advertising revenue represents revenue generated from direct sales\nof advertising inventory to advertisers and agencies where the Company\nprovides campaign management and optimization services. Refer to the Q1 2026\n10-Q for additional information regarding advertising revenue.\n15. Refer to the ‘Key Performance Indicators’ section for additional\ninformation regarding the impact of bundled offerings on KPI calculations for\nthe periods presented.\n16. Beginning with the second quarter of 2024, the definition of Core\nsubscription revenue was updated and calculated in accordance with GAAP.\n17. Relates to the changes in fair value of the Convertible Note Investment.\nRefer to the Q1 2026 10-Q for the definition and additional information on the\nConvertible Note Investment.\n18. Includes depreciation on fixed assets and amortization of intangible\nassets.\n19. Relates to costs incurred in connection with the acquisition of Nativo,\nInc. and the asset acquisition of Fantix, Inc., including one-time bonus\npayments.\n20. Relates to non-recurring costs incurred in connection with the strategic\nexit of the brick-and-mortar retail channel.\n21. Relates to non-recurring warehouse relocation costs associated with the\nmove of certain hardware manufacturing operations.\n22. With respect to forward looking non-GAAP guidance, we are not able to\nreconcile the forward-looking non-GAAP Adjusted EBITDA measure to the closest\ncorresponding GAAP measure without unreasonable efforts because we are unable\nto predict the ultimate outcome of certain significant items, which are fluid\nand unpredictable in nature. In addition, the Company believes such a\nreconciliation would imply a degree of precision that may be confusing or\nmisleading to investors. These items include, but are not limited to,\nlitigation costs and fair value adjustments. These items may be material to\nour results calculated in accordance with GAAP.\n23. For the definitions of Non-GAAP cost of revenue and Non-GAAP operating\nexpenses, refer to the \"Supplementary and Non-GAAP Financial Information\"\nsection.\nNote: The financial information in this announcement may not add or\nrecalculate due to rounding. All references to $ are to U.S. dollars.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/0d8c6214-b793-495d-943e-9bc10df8296a)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX7xCcB","title":"Life360 Reports Record Q1 2026 Results","author":"Globe Newswire","ticker":"LIF","created":"2026-05-11T20:05:01.529Z","tickers":["LIF"],"exchange":"NASDAQ","article_body":"Record Quarterly Global Net Additions of 201 thousand Paying Circles,\nReaching 3.0 million Total\nMonthly Active Users Reached Approximately 97.8 million; Up 17%\nYear-Over-Year \nTotal Revenue Grew 38% Year-Over-Year to $143.1 million \nAnnualized Monthly Revenue Increased 32% Year-Over-Year to $517.9 million\nRecord Q1 Advertising Revenue of $19.7 million.\n\nSAN FRANCISCO, May 11, 2026 (GLOBE NEWSWIRE) -- Life360, Inc. (Life360 or the\nCompany) (NASDAQ: LIF, ASX: 360), the provider of the market leading family\nsafety and connection mobile application, today announced unaudited financial\nresults for the first quarter (Q1’26) ended March 31, 2026.\n\nBuilding on the momentum of prior quarters, the Company achieved\nrecord-breaking results across key metrics, including Paying Circles, Global\nNet Additions, Subscription Revenue, Annualized Monthly Revenue, and\nAdvertising Revenue.\n\n\"Life360 has become a meaningful part of everyday family life for more than 97\nmillion people who use Life360 to keep their families safe and connected,\"\nsaid Life360 Chief Executive Officer Lauren Antonoff. \"The value we deliver to\nour members powered record-breaking Paying Circle additions in Q1. At the same\ntime, our Life360 Ads platform scaled to become a material part of our\nbusiness. And with AI, we're moving faster than ever to transform Life360 into\nthe super app that makes everyday family better.\"\n\n\"Life360 delivered strong growth and financial performance in Q1’26,\" said\nChief Financial Officer Russell Burke. \"Quarterly revenue grew 38%\nyear-over-year to $143.1 million, and our Annualized Monthly Revenue of\n$517.9 million was up 32% year-over-year. We are disclosing our Advertising\nRevenue separately for the first time this quarter, which reached\n$19.7 million in the quarter and was up 329% year-over-year, as the Life360\nAdvertising Platform took flight following the closing of the Nativo\nacquisition.”\n\n\"We ended Q1’26 with $459.0 million in cash, cash equivalents, restricted\ncash, and short-term investments, a significant increase from $170.4 million\na year ago at this time, primarily driven by the net proceeds from our June\n2025 convertible notes offering and operating cash flows generated over the\nlast twelve months. In Q1’26 alone, we generated operating cash flows of\n$17.2 million, up 42% year-over-year.\n\n\"Looking ahead, we expect revenue growth acceleration into the back half of\n2026 driven by both our core subscription business and our advertising\nplatform entering its strongest seasonal window. We will continue to invest in\nstrategic initiatives including international expansion, advertising platform\nscaling, and product innovation, while remaining committed to balancing growth\ninvestment with margin expansion.\"\n\nQ1'26 Financial Highlights\n* Total Q1'26 revenue of $143.1 million, a YoY increase of 38%, with total\nsubscription revenue of $108.2 million, up 32% YoY and core subscription\nrevenue(1) of $103.5 million, up 36% YoY.\n* Advertising revenue of $19.7 million, up 329% YoY.\n* Annualized Monthly Revenue (AMR) of $517.9 million, up 32% YoY.\n* Adjusted EBITDA(2) of $17.1 million increased 7% from $15.9 million in\nQ1'25.\n* Positive Operating Cash Flow of $17.2 million, up 42% YoY.\n* Quarter-end cash, cash equivalents, restricted cash and short-term\ninvestments of $459.0 million, an increase of $288.6 million from Q1'25.\nQ1'26 Operating Highlights\n* Q1'26 global MAU net additions of 1.9 million lifted total MAU to\napproximately 97.8 million, up 17% YoY.\n* Q1'26 global Paying Circle net additions totaled 201 thousand. Total Paying\nCircles grew 27% YoY to 3.0 million.\n* Average Revenue Per Paying Circle (ARPPC) increased 7% YoY primarily due to\na shift in product mix toward higher-priced offerings across select\ninternational markets throughout 2025.\nKey Performance Indicators\n\n (in millions, except ARPPC, ARPPS, ASP, and percentages) Q1 2026 Q1 2025 % YoY \n Core (3) \n Monthly Active Users (MAU) - Global (4) 97.8 83.7 17 % \n U.S. 51.8 45.3 14 % \n International 46.0 38.4 20 % \n UK, ANZ, CA 12.5 9.9 26 % \n Other International 33.5 28.5 18 % \n Paying Circles - Global (5) 3.0 2.4 27 % \n U.S. 2.1 1.7 24 % \n International 0.9 0.7 32 % \n UK, ANZ, CA 0.4 0.3 30 % \n Other International 0.5 0.4 34 % \n Average Revenue per Paying Circle (ARPPC) (6)(,)(7) $ 143.03 $ 133.42 7 % \n \n Life360 Consolidated \n Subscriptions (8) 3.5 3.0 17 % \n Average Revenue per Paying Subscription (ARPPS) (7)(,)(9) $ 127.15 $ 112.98 13 % \n Net hardware units shipped (10) 0.4 0.5 (25 )% \n Average Selling Price (ASP) (11)(,)(12) $ 11.88 $ 16.99 (30 )% \n Annualized Monthly Revenue (AMR) $ 517.9 $ 393.0 32 % \n \n* Global MAU increased 17% YoY to approximately 97.8 million, with Q1'26 net\nadditions of 1.9 million. U.S. MAU increased 14% YoY, with Q1'26 net adds of\n1.2 million. United Kingdom (“UK”), Australia-New Zealand (“ANZ”) and\nCanada (“CA”) MAU increased 26% YoY, with Q1'26 net adds of 0.5 million,\nwhile other international MAU increased 18% YoY and saw net adds of\n0.2 million.\n* Q1'26 global Paying Circle net additions of 201 thousand, bringing total\nPaying Circles to approximately 3.0 million, up 27% YoY, driven by strong\nU.S. and international performance. U.S. Paying Circles increased 24% YoY\ndriven by improved conversion metrics. UK, ANZ, and CA Paying Circles\nincreased 30% YoY, with Q1'26 net adds of 29 thousand, while other\ninternational Paying Circles increased 34% YoY and saw net adds of\n36 thousand.\n* Q1'26 global ARPPC increased 7% YoY. U.S. ARPPC increased 5% YoY, primarily\ndue to a shift in product mix toward higher-priced offerings. Q1'26\ninternational ARPPC increased 23% YoY, reflecting price increases across\nselect international markets and a shift in product mix toward higher-priced\nofferings.\n* Q1'26 Net hardware units shipped decreased 25% YoY to approximately 0.4\nmillion units, primarily due to a decrease in online retail sales, as well as\nthe strategic exit of our brick-and-mortar retail channel. The ASP of hardware\nunits shipped decreased 30% YoY primarily due to an increase in discounts\noffered in connection with the strategic exit of our brick-and-mortar retail\nchannel.\n* March 2026 AMR increased 32% YoY, benefitting from continued subscriber\ngrowth as well as an increase in other recurring revenue.\nOperating Results\n\nRevenue\n\n Three Months Ended March 31, \n 2026 2025 \n ($ millions) (unaudited) \n Subscription revenue $ 108.2 $ 81.9 \n U.S. subscription revenue 88.9 69.6 \n International subscription revenue 19.3 12.2 \n Hardware revenue 4.5 8.9 \n Advertising revenue (13) 19.7 4.6 \n Other revenue 10.7 8.3 \n Total revenue $ 143.1 $ 103.6 \n \n* Q1'26 total subscription revenue increased 32% YoY to $108.2 million,\nprimarily driven by 27% growth in Paying Circles and a 7% uplift in ARPPC.\n* Q1'26 hardware revenue decreased 49% YoY to $4.5 million, primarily driven\nby a 25% decrease in net hardware units shipped and an increase in discounts\nand returns largely related to the strategic exit of our brick-and-mortar\nretail channel.\n* Q1'26 advertising revenue increased 329% YoY to $19.7 million, primarily\ndriven by growth in managed advertising revenue(14) following the acquisition\nof Nativo.\n* Q1'26 other revenue increased 30% YoY to $10.7 million due to higher data\nrevenue from increased data volumes resulting from user growth as well as an\nincrease in partnership revenue.\nCore Subscription Revenue\n* Core subscription revenue represents GAAP subscription revenue from the\nLife360 mobile application and excludes subscription revenue from non-core\nofferings, including hardware-related subscriptions, for the reported period.\nCore subscription revenue represents revenue derived from, and the overall\nsuccess of, our core product offering. Q1'26 core subscription revenue\nincreased 36% YoY primarily driven by a 27% YoY increase in Paying Circles and\na 7% higher ARPPC.(15)\n Three Months Ended March 31, \n 2026 2025 \n ($ millions) (unaudited) \n Subscription revenue $ 108.2 $ 81.9 \n Non-Core subscription revenue (4.7 ) (5.7 ) \n Core subscription revenue (16) $ 103.5 $ 76.2 \n \n\nGross Profit\n\n Three Months Ended March 31, \n 2026 2025 \n ($ millions, except percentages) (unaudited) \n Gross Profit $ 110.6 $ 83.5 \n Gross Margin 77 % 81 % \n Gross Margin (Subscription Only) 87 % 88 % \n \n* Q1'26 gross margin decreased to 77% from 81% in the prior year, primarily\ndue to the inclusion of a broader range of advertising products with different\nmargins following the acquisition of Nativo and an increase in hardware\ndiscounts and returns largely attributable to the strategic exit of the\nbrick-and-mortar retail channel.\nOperating Expenses\n\n Three Months Ended March 31, \n 2026 2025 \n ($ millions) (unaudited) \n Research and development $ 39.3 $ 30.4 \n Sales and marketing 57.0 35.3 \n General and administrative 22.3 15.6 \n Total operating expenses $ 118.6 $ 81.4 \n Total operating expenses as % of revenue 83 % 79 % \n \n* Q1’26 operating expenses increased 46% YoY, primarily reflecting higher\npersonnel-related costs due to Company growth and the acquisition of Nativo,\nas well as increased growth media spend. As a result, operating expenses as a\npercentage of revenue increased to 83% from 79%.\n* Q1'26 research and development costs increased 29% YoY, primarily driven by\nhigher personnel-related and technology costs due to Company growth and the\nacquisition of Nativo.\n* Q1'26 sales and marketing costs increased 62% YoY, primarily driven by a\nstrategic increase in growth media spend to support new initiatives, higher\napp store commissions (commissions paid to our channel partners), which\nrepresent over one-third of total sales and marketing expense and increased in\nline with subscription revenue growth, and an increase in sales force\npersonnel-related and other costs in connection with the acquisition of\nNativo.\n* Q1'26 general and administrative expenses increased 43% YoY, primarily\ndriven by higher personnel-related costs attributable to Company growth,\nwarehouse relocation costs, and Nativo integration costs.\nCash Flow\n\n Three Months Ended March 31, \n 2026 2025 \n ($ millions) (unaudited) \n Net cash provided by operating activities $ 17.2 $ 12.1 \n Net cash used in investing activities (163.6 ) (4.3 ) \n Net cash provided by financing activities 3.4 2.2 \n Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash (143.0 ) 9.9 \n Cash, Cash Equivalents, and Restricted Cash at the End of the Period $ 352.9 $ 170.4 \n \n* Life360 ended Q1'26 with cash, cash equivalents and restricted cash of\n$352.9 million, a decrease of $143.0 million from Q4’25, reflecting cash\nused for the acquisition of Nativo and the purchase of short-term investments.\n* Q1'26 operating cash flow was $17.2 million. This was offset by\n$163.6 million used in investing activities primarily related to purchases of\nshort-term investments and the acquisition of Nativo. Financing activities\nprovided an additional $3.4 million primarily from the monetization of tariff\nrefund claims and the exercise of stock options.\n* Q1'26 net cash provided by operating activities of $17.2 million was higher\nthan Adjusted EBITDA of $17.1 million primarily due to the timing of receipts\nand payables. See the Adjusted EBITDA section below for the definition and\nreconciliation of Adjusted EBITDA.\n* Cash, cash equivalents and restricted cash increased $182.5 million YoY.\nThe increase was primarily driven by net proceeds from the issuance of the\nJune 2025 convertible notes and cumulative positive operating cash flow. This\nwas primarily offset by $106.4 million in purchases of short-term investments\nand $55.6 million of net cash paid for the acquisition of Nativo.\nAdjusted EBITDA\n\nTo supplement our consolidated financial statements prepared and presented in\naccordance with GAAP, we use certain non-GAAP financial measures, as described\nbelow, to facilitate analysis of our financial and business trends and for\ninternal planning and forecasting purposes. For more information, see the\n“Supplementary and Non-GAAP Financial Information” section below.\n\nNon-GAAP financial measures include adjusted earnings before interest, taxes,\ndepreciation and amortization (Adjusted EBITDA) and Adjusted EBITDA Margin.\nAdjusted EBITDA is defined as net income, excluding (i) loss on change in fair\nvalue of investment, (ii) benefit from income taxes, (iii) depreciation and\namortization, (iv) interest income, (v) other income (expense), net, (vi)\nacquisition-related transaction and integration costs, (vii) stock-based\ncompensation, (viii) channel restructuring costs, and (ix) warehouse\nrelocation costs. These items are excluded from Adjusted EBITDA because they\nare non-cash in nature, because the amount and timing of these items are\nunpredictable, or because they are not driven by core results of operations\nand render comparisons with prior periods and competitors less meaningful.\n\nThe following table presents a reconciliation of Net income, the most directly\ncomparable GAAP measure, to Adjusted EBITDA:\n\n Three Months Ended March 31, \n 2026 2025 \n ($ thousands, except percentages) \n Net income $ 2,779 $ 4,378 \n Net income margin 2 % 4 % \n Add (deduct): \n Loss on change in fair value of investment (17) 3,850 — \n Benefit from income taxes (11,684 ) (214 ) \n Depreciation and amortization (18) 5,422 2,862 \n Interest income (3,816 ) (1,784 ) \n Other income (expense), net 793 (191 ) \n Acquisition-related transaction and integration costs (19) 1,115 993 \n Stock-based compensation 16,255 9,889 \n Channel restructuring costs (20) 1,779 — \n Warehouse relocation costs (21) 606 — \n Adjusted EBITDA $ 17,099 $ 15,933 \n Adjusted EBITDA margin 12 % 15 % \n \n* Q1'26 delivered Adjusted EBITDA of $17.1 million, up 7% from $15.9 million\nin Q1’25, driven by continued strong subscription and advertising revenue\ngrowth.\nEarnings Guidance(22)\n\nFor FY’26, Life360 expects to deliver:\n* MAU growth of 17% to 20%, weighted toward the second half of the year;\n* Consolidated revenue of $650 million to $685 million (YoY growth of 33% to\n40%), increased from the previous range of $640 million to $680 million\ncomprised of: * Subscription revenue of $470 million to $475 million\nincreased from $460 million to $470 million;\n* Hardware revenue of $40 million to $50 million (unchanged);\n* Advertising revenue of $98 million to $115 million (unchanged);\n* Other revenue of $42 million to $45 million (unchanged);\n \n* Adjusted EBITDA(2) of $130 million to $140 million, increased from the\nprevious range of $128 million to $138 million, which represents a margin of\napproximately 20%. As previously disclosed, due to timing of investments to\nsupport our growth, and typical seasonality, we anticipate Adjusted EBITDA to\nbe lightly weighted in the first half of 2026, and heavily weighted in the\nsecond half of 2026.\nInvestor Conference Call\n\nA conference call will be held today as follows:\n\nUS PDT: Monday 11 May 2026 at 3 p.m.\nUS EDT: Monday 11 May 2026 at 6 p.m.\nAEDT: Tuesday 12 May 2026 at 8 a.m.\n\nThe call will be held as a Zoom audio webinar.\n\nParticipants wishing to ask a question should register and join via their\nbrowser here\n(https://www.globenewswire.com/Tracker?data=s9AkuT25hKy4aiGgff0D2h_dNDH8PSWNukXGGjL9LjaytcHDXLOr2Zj2VrmiqEA2BtggwuwLMyBbIWYFvFhFc5iWWFd2l7xJXHunaBvk7rPVwKS68DC3UTKX1cmoJly8eWcnWae8Gf_3gXZ26gv92g==).\nParticipants joining via telephone will be in listen only mode.\n\nDial in details\nU.S.: +1 669 900 6833\nAustralia: +61 2 8015 6011\nOther countries: details\n(https://www.globenewswire.com/Tracker?data=CNcuPFUZPEx3tSBy60HDYor7XgHcpQbCubet4fqRiHqAM1ZqVHaszKxOpCxK_HOW6XN3LT87rUtQ9qPhRb05q5lvFFnhtlC2N6SizWENUIAiXWnrspTc2aA3uCWMun6f_I5jqBTpZnN_nkR2LE7CIofk0b-aorKdHVjr2N45EYk=)\nMeeting ID: 944 3637 1045\n\nA replay will be available after the call at https://investors.life360.com.\n\nAuthorization\n\nLauren Antonoff, Director and Chief Executive Officer of Life360, authorized\nthis announcement being given to ASX.\n\nAbout Life360\n\nLife360, a family connection and safety company, keeps people close to the\nones they love. The category-leading mobile app and hardware tracking devices\nempower members to stay connected to the people, pets, and things they care\nabout most, with a range of services, including location sharing, safe driver\nreports, and crash detection with emergency dispatch. As a remote-first\ncompany based in the San Francisco Bay Area, Life360 serves approximately\n97.8 million monthly active users (MAU), as of March 31, 2026, across more\nthan 180 countries. Life360 delivers peace of mind and enhances everyday\nfamily life in all the moments that matter, big and small. For more\ninformation, please visit life360.com.\n\nContacts\n\n For U.S. investor inquiries: For U.S. media inquiries: \n \n Raymond (RJ) Jones Lynnette Bruno \n rjones@life360.com press@life360.com \n \n For Australian investor inquiries: For Australian media inquiries: \n \n Jolanta Masojada, +61 417 261 367 Giles Rafferty, +61 481 467 903 \n jmasojada@life360.com grafferty@firstadvisers.com.au \n \n\nForward-looking statements\n\nThis announcement and the accompanying presentation and conference call\ncontain forward-looking statements within the meaning of the Private\nSecurities Litigation Reform Act of 1995. Life360 intends such forward-looking\nstatements to be covered by the safe harbor provisions for forward-looking\nstatements contained in Section 21E of the Securities Exchange Act of 1934, as\namended. These forward-looking statements regarding Life360’s intentions,\nobjectives, plans, expectations, assumptions and beliefs about future events,\nincluding Life360’s expectations with respect to the financial and operating\nperformance of its business, including subscription revenue, hardware revenue,\nother revenue and consolidated revenue, ability to create new revenue streams,\nand margin expansion; the resiliency of Life360’s core subscription\nbusiness; the ability of Life360 to adapt to and mitigate the impact of\nmacroeconomic considerations including tariffs and trade barriers; its ability\nto deliver contextually relevant advertisements that enhance the user\nexperience by leveraging its extensive first-party location data; Adjusted\nEBITDA, and operating cash flow; expectations regarding MAU and other member\nmetrics; its capital position; future growth and market opportunities; plans\nto launch new features and products; the impact of price increases and\nexpansion of product offerings in the UK, Australia and New Zealand on future\nresults of operations; its expectations of growth in its data business; its\nexpectation of a new enterprise revenue stream and enhanced location\ncapabilities of its hardware devices; its focus on developing a GPS lineup,\nbuilt on Jiobit technology, the timing of new devices, and the potential for\nthe next generation of hardware to drive a new wave of subscription growth; as\nwell as Life360’s expectations of any changes to the information disclosed\nherein. The words “anticipate”, “believe”, “expect”,\n“project”, “predict”, “will”, “forecast”, “estimate”,\n“likely”, “intend”, “outlook”, “should”, “could”,\n“may”, “target”, “plan” and other similar expressions can\ngenerally be used to identify forward-looking statements. Indications of, and\nguidance or outlook on, future earnings or financial position or performance\nare also forward-looking statements. Investors and prospective investors are\ncautioned not to place undue reliance on these forward-looking statements as\nthey involve inherent risk and uncertainty (both general and specific) and\nshould note that they are provided as a general guide only and should not be\nrelied on as an indication or guarantee of future performance. There is a risk\nthat such predictions, forecasts, projections and other forward-looking\nstatements will not be achieved. Subject to any continuing obligations under\napplicable law, Life360 does not undertake any obligation to publicly release\nthe result of any revisions to these forward-looking statements to reflect\nevents or circumstances after the date of this announcement, to reflect any\nchange in expectations in relation to any forward-looking statements or any\nchange in events, conditions or circumstances on which any such statements are\nbased.\n\nAlthough Life360 believes that the expectations reflected in the\nforward-looking statements and the assumptions upon which they are based are\nreasonable, Life360 can give no assurance that such expectations and\nassumptions will prove to be correct and, actual results may vary in a\nmaterially positive or negative manner. Forward-looking statements are subject\nto known and unknown risks, uncertainty, assumptions and contingencies, many\nof which are outside Life360’s control, and are based on estimates and\nassumptions that are subject to change and may cause actual results,\nperformance or achievements to differ materially from those expressed or\nimplied by such statements. Factors that could cause actual results to differ\nmaterially from those in the forward-looking statements include risks related\nto the preliminary nature of financial results, risks related to Life360’s\nbusiness, market risks, Life360’s need for additional capital, and the risk\nthat Life360’s products and services may not perform as expected, as\ndescribed in greater detail under the heading “Risk Factors” in\nLife360’s ASX and SEC filings, including its Annual Report on Form 10-K\nfiled with the Securities and Exchange Commission on March 2, 2026. To the\nmaximum extent permitted by law, responsibility for the accuracy or\ncompleteness of any forward-looking statements whether as a result of new\ninformation, future events or results or otherwise is disclaimed. This\nannouncement should not be relied upon as a recommendation or forecast by\nLife360. Past performance information given in this document is given for\nillustrative purposes only and is not necessarily a guide to future\nperformance and no representation or warranty is made by any person as to the\nlikelihood of achievement or reasonableness of any forward-looking statements,\nforecast financial information, future share price performance or any\nunderlying assumptions. Nothing contained in this document nor any information\nmade available to you is, or shall be relied upon as, a promise,\nrepresentation, warranty or guarantee as to the past, present or the future\nperformance of Life360\n(https://www.globenewswire.com/Tracker?data=MF2FYaSYHvqO1UlnA9FB2usxpreiPZyPVcRpkjW615g2QCISUtrohoHRPxnwLvUvGBrqkO1ghdU9PU0F09k5Tw==).\n\n Condensed Consolidated Statements of Operations and Comprehensive Income \n (Dollars in U.S. $, in thousands, except share and per share data) \n (unaudited) \n \n Three Months Ended March 31, \n 2026 2025 \n Subscription revenue $ 108,194 $ 81,874 \n Hardware revenue 4,526 8,907 \n Advertising revenue 19,661 4,584 \n Other revenue 10,742 8,259 \n Total revenue 143,123 103,624 \n Cost of subscription revenue 14,504 10,141 \n Cost of hardware revenue 8,624 8,597 \n Cost of advertising revenue 7,935 262 \n Cost of other revenue 1,497 1,075 \n Total cost of revenue 32,560 20,075 \n Gross profit 110,563 83,549 \n Operating expenses: \n Research and development 39,272 30,403 \n Sales and marketing 57,024 35,308 \n General and administrative 22,345 15,649 \n Total operating expenses 118,641 81,360 \n Income (loss) from operations (8,078 ) 2,189 \n Other income (expense): \n Loss on change in fair value of investment (3,850 ) — \n Interest income 3,816 1,784 \n Other income (expense), net (793 ) 191 \n Total other income (expense), net (827 ) 1,975 \n Income (loss) before income taxes (8,905 ) 4,164 \n Benefit from income taxes (11,684 ) (214 ) \n Net income $ 2,779 $ 4,378 \n Net income per share, basic $ 0.03 $ 0.06 \n Net income per share, diluted $ 0.03 $ 0.05 \n Weighted-average shares used in computing net income per share, basic 80,148,997 75,699,493 \n Weighted-average shares used in computing net income per share, diluted 85,677,079 83,445,337 \n Comprehensive income \n Net income $ 2,779 $ 4,378 \n Change in foreign currency translation adjustment (30 ) 1 \n Unrealized gain on short-term investments, net of tax 57 — \n Total comprehensive income $ 2,806 $ 4,379 \n \n\n\n\n Condensed Consolidated Balance Sheets \n (Dollars in U.S. $, in thousands) \n (unaudited) \n \n March 31, 2026 December 31, 2025 \n Assets \n Current Assets: \n Cash and cash equivalents $ 351,191 $ 494,261 \n Short-term investments 106,104 — \n Accounts receivable, net 94,975 80,715 \n Inventory 15,142 9,867 \n Costs capitalized to obtain contracts, net 1,179 1,211 \n Prepaid expenses and other current assets 21,426 20,050 \n Total current assets 590,017 606,104 \n Restricted cash, noncurrent 1,670 1,567 \n Property and equipment, net 2,885 3,019 \n Costs capitalized to obtain contracts, noncurrent 844 869 \n Prepaid expenses and other assets, noncurrent 44,928 48,480 \n Operating lease right-of-use asset 246 335 \n Intangible assets, net 81,636 38,277 \n Goodwill 173,609 134,619 \n Deferred tax assets, net 145,039 126,418 \n Total Assets $ 1,040,874 $ 959,688 \n Liabilities and Stockholders’ Equity \n Current Liabilities: \n Accounts payable 21,969 8,411 \n Accrued expenses and other current liabilities 39,673 42,002 \n Deferred revenue, current 48,197 46,377 \n Total current liabilities 109,839 96,790 \n Convertible notes, net, noncurrent 310,930 310,386 \n Deferred revenue, noncurrent 3,734 4,330 \n Other liabilities, noncurrent 18,741 — \n Total Liabilities $ 443,244 $ 411,506 \n Stockholders’ Equity \n Common stock 81 79 \n Additional paid-in capital 733,561 686,921 \n Accumulated deficit (136,087 ) (138,866 ) \n Accumulated other comprehensive income 75 48 \n Total stockholders’ equity 597,630 548,182 \n Total Liabilities and Stockholders’ Equity $ 1,040,874 $ 959,688 \n \n\n\n\n Condensed Consolidated Statements of Cash Flows \n (Dollars in U.S. $, in thousands) \n (unaudited) \n \n Three Months Ended March 31, \n 2026 2025 \n Cash Flows from Operating Activities: \n Net income $ 2,779 $ 4,378 \n Adjustments to reconcile net income to net cash provided by operating activities: \n Depreciation and amortization 5,422 2,862 \n Amortization of costs capitalized to obtain contracts 360 283 \n Amortization of operating lease right-of-use asset 90 84 \n Stock-based compensation expense, net of amounts capitalized 16,255 9,889 \n Non-cash interest expense, net 715 — \n Loss on change in fair value of investment 3,850 — \n Non-cash revenue from long-term investments (269 ) (367 ) \n Deferred income taxes (11,944 ) — \n Provision for credit losses 112 339 \n Changes in operating assets and liabilities, net of acquisition: \n Accounts receivable, net 16,650 5,648 \n Prepaid expenses and other assets 448 (4,238 ) \n Inventory (5,275 ) (1,514 ) \n Costs capitalized to obtain contracts, net (302 ) (314 ) \n Accounts payable (5,857 ) (139 ) \n Accrued expenses and other current liabilities (7,258 ) (6,526 ) \n Deferred revenue 1,433 1,771 \n Other liabilities, noncurrent — (96 ) \n Net cash provided by operating activities 17,209 12,060 \n Cash Flows from Investing Activities: \n Cash paid for acquisitions, net of cash acquired (55,590 ) (2,825 ) \n Internally developed software (1,592 ) (1,398 ) \n Purchase of property and equipment — (124 ) \n Purchase of short-term investments (106,407 ) — \n Net cash used in investing activities (163,589 ) (4,347 ) \n Cash Flows from Financing Activities: \n Indemnity escrow payment in connection with the acquisition of Fantix, Inc. (675 ) — \n Proceeds from monetization of tariff refund claims 2,256 — \n Proceeds related to tax withholdings on restricted stock settlements and the exercise of stock options and warrants 12,161 12,770 \n Taxes paid related to net settlement of equity awards (10,329 ) (10,587 ) \n Net cash provided by financing activities 3,413 2,183 \n Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash (142,967 ) 9,896 \n Cash, Cash Equivalents and Restricted Cash at the Beginning of the Period 495,828 160,459 \n Cash, Cash Equivalents, and Restricted Cash at the End of the Period $ 352,861 $ 170,355 \n\nSupplementary and Non-GAAP Financial Information\n\nWe report our financial results in accordance with GAAP, however, management\nbelieves that certain non-GAAP financial measures, such as Adjusted EBITDA,\nand the other measures presented in the tables below provide useful\ninformation to investors and others in understanding and evaluating our\nresults of operations, as well as providing useful measures for\nperiod-to-period comparisons of our business performance. Moreover, we have\nincluded non-GAAP financial measures in this media release because they are\nkey measurements used by our management team internally to make operating\ndecisions, including those related to operating expenses, evaluate\nperformance, and perform strategic planning and annual budgeting.\n\nOur non-GAAP financial measures are presented for supplemental informational\npurposes only, may not be comparable to similarly titled measures used by\nother companies and should not be used as substitutes for analysis of, or\nsuperior to, our operating results as reported under GAAP. Additionally, we do\nnot consider our non-GAAP financial measures as superior to, or a substitute\nfor, the equivalent measures calculated and presented in accordance with GAAP.\nAs such, you should consider these non-GAAP financial measures in addition to\nother financial performance measures presented in accordance with GAAP,\nincluding various cash flow metrics, net income, and our other GAAP results.\n\nNon-GAAP cost of revenue is presented to understand margin economically and\nnon-GAAP operating expenses are presented to understand operating efficiency.\nNon-GAAP cost of revenue and Non-GAAP operating expenses present direct and\nindirect expenses adjusted for non-cash expenses, such as stock-based\ncompensation, depreciation and amortization, and non-recurring expenses, such\nas workplace restructuring costs, warehouse relocation costs, channel\nrestructuring costs, and acquisition-related transaction and integration\ncosts. A reconciliation of GAAP financial information to Non-GAAP financial\ninformation for cost of revenue and operating expenses has been provided as\nsupplementary information below.\n\nGAAP Cost of Revenue to Non-GAAP Cost of Revenue Reconciliation(23)\n\n Three Months Ended March 31, \n 2026 2025 \n (in millions) \n Cost of subscription revenue, GAAP $ 14.5 $ 10.1 \n Less: Depreciation and amortization, GAAP (1.0 ) (0.8 ) \n Less: Stock-based compensation, GAAP (0.5 ) (0.2 ) \n Total cost of subscription revenue, Non-GAAP $ 13.1 $ 9.2 \n \n Cost of hardware revenue, GAAP $ 8.6 $ 8.6 \n Less: Depreciation and amortization, GAAP (1.1 ) (1.0 ) \n Less: Stock-based compensation, GAAP (0.3 ) (0.2 ) \n Less: Other, GAAP 0.2 — \n Total cost of hardware revenue, Non-GAAP $ 7.5 $ 7.4 \n \n Cost of advertising revenue, GAAP $ 7.9 $ 0.3 \n Less: Depreciation and amortization, GAAP (0.5 ) (0.1 ) \n Less: Stock-based compensation, GAAP (0.1 ) — \n Total cost of advertising revenue, Non-GAAP $ 7.3 $ 0.2 \n \n Cost of other revenue, GAAP $ 1.5 $ 1.1 \n Total cost of other revenue, Non-GAAP $ 1.5 $ 1.1 \n \n Cost of revenue, GAAP $ 32.6 $ 20.1 \n Less: Depreciation and amortization, GAAP (2.6 ) (1.8 ) \n Less: Stock-based compensation, GAAP (0.9 ) (0.4 ) \n Less: Other, GAAP 0.2 — \n Total cost of revenue, Non-GAAP $ 29.3 $ 17.9 \n \n\nGAAP Operating expenses to Non-GAAP Operating Expenses Reconciliation(23)\n\n Three Months Ended March 31, \n 2026 2025 \n (in millions) \n Research and development expense, GAAP $ 39.3 $ 30.4 \n Less: Stock-based compensation, GAAP (7.8 ) (5.7 ) \n Less: Other, GAAP (0.1 ) (0.7 ) \n Total Research and development, Non-GAAP $ 31.3 $ 23.9 \n \n Sales and marketing expense, GAAP $ 57.0 $ 35.3 \n Less: Depreciation and amortization, GAAP (2.8 ) (1.1 ) \n Less: Stock-based compensation, GAAP (2.0 ) (1.3 ) \n Less: Other, GAAP (1.0 ) — \n Total Sales and marketing expense, Non-GAAP $ 51.1 $ 32.9 \n \n General and administrative expense, GAAP $ 22.3 $ 15.6 \n Less: Stock-based compensation, GAAP (5.5 ) (2.5 ) \n Less: Other, GAAP (1.1 ) (0.3 ) \n Total General and administrative expense, Non-GAAP $ 15.8 $ 12.9 \n \n Total Operating expenses, GAAP $ 118.6 81.4 \n Less: Depreciation and amortization, GAAP (2.8 ) (1.1 ) \n Less: Stock-based compensation, GAAP (15.4 ) (9.5 ) \n Less: Other, GAAP (2.2 ) (1.0 ) \n Total Operating expenses, Non-GAAP $ 98.3 $ 69.8 \n \n\nFootnotes\n1. Core subscription revenue is defined as subscription revenue derived from\nthe Life360 mobile application and excludes non-core subscription revenue\nwhich relates to other hardware related subscription offerings. For more\ninformation, including the use of this measure, refer to the “Core\nsubscription revenue” section.\n\n2. Adjusted EBITDA is a Non-GAAP measure. For more information, including the\ndefinition of Adjusted EBITDA, the use of this non-GAAP measure, as well as a\nreconciliation of Net Income to Adjusted EBITDA, refer to the “Adjusted\nEBITDA” and “Supplementary and Non-GAAP Financial Information” sections.\n3. Core metrics relate solely to the Life360 mobile application.\n4. MAU is defined as a unique member who engages with our Life360 branded\nservices each month, which includes both paying and non-paying members, and\nexcludes certain members who have a delayed account setup.\n5. A Paying Circle is defined as a group of Life360 members with a paying\nsubscription that has been billed as of the end of a period.\n6. ARPPC is defined as annualized subscription revenue recognized and derived\nfrom the Life360 mobile application, excluding certain revenue adjustments\nrelated to bundled Life360 subscription and hardware offerings, for the\nreported period divided by the Average Paying Circles during the same period.\n7. Excludes revenue related to bundled Life360 subscription and hardware\nofferings of immaterial amounts for the three months ended March 31, 2026 and\n$(0.4) million for the three months ended March 31, 2025, respectively.\n8. Subscriptions are defined as the number of paying subscribers associated\nwith the Life360 and Tile brands who have been billed as of the end of the\nperiod.\n9. ARPPS is defined as annualized total subscription revenue recognized and\nderived from Life360 and Tile subscriptions, excluding certain revenue\nadjustments related to bundled Life360 subscription and hardware offerings,\nfor the reported period divided by the average number of paying subscribers\nduring the same period.\n10. Net hardware units shipped represent the number of hardware tracking\ndevices sold during the period, excluding hardware units related to bundled\nLife360 subscription and hardware offerings, net of returns by our retail\npartners and direct consumers.\n11. Excludes revenue related to bundled Life360 subscription and hardware\nofferings of immaterial amounts for the three months ended March 31, 2026 and\n$0.4 million for the three months ended March 31, 2025, respectively.\n12. To determine the net ASP of a unit, we divide hardware revenue recognized,\nexcluding revenue related to bundled Life360 subscription and hardware\nofferings, for the reported period by the number of net hardware units shipped\nduring the same period.\n13. Advertising revenue was $5.3 million, $7.3 million, and $13.9 million for\nthe three months ended June 30, 2025, September 30, 2025, and December 31,\n2025, respectively.\n14. Managed advertising revenue represents revenue generated from direct sales\nof advertising inventory to advertisers and agencies where the Company\nprovides campaign management and optimization services. Refer to the Q1 2026\n10-Q for additional information regarding advertising revenue.\n15. Refer to the ‘Key Performance Indicators’ section for additional\ninformation regarding the impact of bundled offerings on KPI calculations for\nthe periods presented.\n16. Beginning with the second quarter of 2024, the definition of Core\nsubscription revenue was updated and calculated in accordance with GAAP.\n17. Relates to the changes in fair value of the Convertible Note Investment.\nRefer to the Q1 2026 10-Q for the definition and additional information on the\nConvertible Note Investment.\n18. Includes depreciation on fixed assets and amortization of intangible\nassets.\n19. Relates to costs incurred in connection with the acquisition of Nativo,\nInc. and the asset acquisition of Fantix, Inc., including one-time bonus\npayments.\n20. Relates to non-recurring costs incurred in connection with the strategic\nexit of the brick-and-mortar retail channel.\n21. Relates to non-recurring warehouse relocation costs associated with the\nmove of certain hardware manufacturing operations.\n22. With respect to forward looking non-GAAP guidance, we are not able to\nreconcile the forward-looking non-GAAP Adjusted EBITDA measure to the closest\ncorresponding GAAP measure without unreasonable efforts because we are unable\nto predict the ultimate outcome of certain significant items, which are fluid\nand unpredictable in nature. In addition, the Company believes such a\nreconciliation would imply a degree of precision that may be confusing or\nmisleading to investors. These items include, but are not limited to,\nlitigation costs and fair value adjustments. These items may be material to\nour results calculated in accordance with GAAP.\n23. For the definitions of Non-GAAP cost of revenue and Non-GAAP operating\nexpenses, refer to the \"Supplementary and Non-GAAP Financial Information\"\nsection.\nNote: The financial information in this announcement may not add or\nrecalculate due to rounding. All references to $ are to U.S. dollars.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/0d8c6214-b793-495d-943e-9bc10df8296a)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-05-11T20:05:01.649415208Z","server_sent_at_ms":1778529901649},"received_at":"2026-05-11T20:05:01.881Z","source_url":"https://www.globenewswire.com/news-release/2026/05/11/3292318/0/en/Life360-Reports-Record-Q1-2026-Results.html"},"analysis":{"id":"22457","press_release_id":"30319","analysis_json":{"industry":{"label":"Software","sector":"Information Technology"},"redFlags":["GAAP operating loss of $8.1 million despite revenue growth","Net income decreased year-over-year from $4.4 million to $2.8 million"],"eventType":"earnings","narrative":"Life360 delivered record Q1 2026 results, with total revenue growing 38% year-over-year to $143.1 million, driven by a 329% surge in advertising revenue to $19.7 million.\n\nThe company raised its full-year FY26 guidance for consolidated revenue to $650 million-$685 million and Adjusted EBITDA to $130 million-$140 million, citing strong growth in its core subscription business and advertising platform.\n\nOperational metrics showed robust expansion, with global Monthly Active Users reaching 97.8 million and Paying Circles growing 27% to 3.0 million, while cash position strengthened to $459.0 million.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Life360 soars on record ad revenue and guidance raise; advertising platform scales to $19.7M."},"keyFigures":{"eps":0.03,"revenue":143100000,"guidance":"FY26 revenue $650M-$685M, raised from $640M-$680M; Adj EBITDA $130M-$140M, raised from $128M-$138M","revenueYoy":"38%","customDimensions":{"amr":517900000,"mau":97800000,"ad_revenue":19700000,"paying_circles":3000000,"operating_cash_flow":17200000}},"quotedText":"Life360 has become a meaningful part of everyday family life for more than 97 million people who use Life360 to keep their families safe and connected","namedEntities":{"people":[{"name":"Lauren Antonoff","role":"Chief Executive Officer"},{"name":"Russell Burke","role":"Chief Financial Officer"}],"products":[],"companies":[{"name":"Life360, Inc.","ticker":"LIF"},{"name":"Nativo","relationship":"acquired"},{"name":"Fantix, Inc.","relationship":"acquired"}],"dollarAmounts":[{"amount":"$143.1 million","context":"Q1 2026 Total Revenue"},{"amount":"$517.9 million","context":"Annualized Monthly Revenue"},{"amount":"$19.7 million","context":"Q1 2026 Advertising Revenue"},{"amount":"$459.0 million","context":"Q1 2026 cash, cash equivalents, restricted cash, and short-term investments"}]},"materialImpact":{"score":4,"reasoning":"Life360 reported record Q1 results with 38% revenue growth and 329% growth in advertising revenue. 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