Quarterly ResultMay 11, 2026, 04:18 PM
Life360 Q1 Revenue +38% to $143.1M; Net Income $2.8M
AI Summary
Life360 reported a significant increase in total revenue for the first quarter of 2026, rising 38.1% to $143.1 million, driven by strong growth in subscription and advertising revenue. However, net income decreased by 36.5% to $2.8 million, resulting in a basic EPS of $0.03. The company also saw substantial cash outflows from investing activities, primarily due to acquisitions and the purchase of short-term investments.
Key Highlights
- Total revenue increased 38.1% to $143.1 million for Q1 2026.
- Net income decreased 36.5% to $2.8 million for Q1 2026.
- Basic net income per share was $0.03 for Q1 2026, down from $0.06.
- Subscription revenue grew 32.1% to $108.2 million in Q1 2026.
- Advertising revenue surged 328.9% to $19.7 million in Q1 2026.
- Cash and cash equivalents were $351.2 million as of March 31, 2026.
- Net cash used in investing activities was $163.6 million for Q1 2026.
- Cash paid for acquisitions, net of cash acquired, was $55.6 million.