Filing Flows › Life360 (LIF) › Q4 2024
Life360 (LIF) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Feb 27, 2025
Life360 (LIF) reported revenue of $116M for the fourth quarter 2024 (Q4 2024), +33% from a year earlier and +24% from the quarter before. Operating margin was 4.9%, net earnings $8.5M (7.4% of revenue).
Life360, Q4 2024: revenue $116M (+33% year over year), operating margin 4.9%, net earnings $8.5M, operating cash flow $12.3M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $116M | +24% | +33% |
| Gross profit | $85.5M | +22% | +42% |
| Operating profit | $5.7M | — | — |
| Net earnings | $8.5M | +11% | — |
| Operating cash flow | $12.3M | +94% | +38% |
| Free cash flow | $11.2M | +77% | +32% |
What changed
Revenue was $115.5M in Q4 2024, up 33% year over year and up 24% from the previous quarter. Subscription revenue was the largest line at 68% of revenue.
Gross margin was 74.0%, up 4.9 points from a year earlier. Operating profit was $5.7M, a 4.9% margin (up 9.9 points year over year). Operating expenses grew 24% against revenue growth of 33%. The fastest-growing cost line was Sales & marketing (+31%). Net earnings were $8.5M. The effective tax rate was -35.3%.
Operating cash flow was $12.3M (up 38% year over year), 145% of net earnings. Non-cash charges added back $2.7M of depreciation and amortization and $11.8M of share-based compensation. Working capital and other items used $10.7M. Capital expenditures of $1.1M left free cash flow of $11.2M.
Questions
What was Life360's revenue in the fourth quarter 2024?
Life360 (LIF) reported revenue of $116M for the fourth quarter 2024 (Q4 2024), +33% from a year earlier and +24% from the quarter before.
Was Life360 profitable in the fourth quarter 2024?
Operating profit was $5.7M (4.9% of revenue) and net earnings $8.5M.
Source: Life360 10-K on SEC EDGAR.