LIF

Life360 just crossed the chasm from a growth-at-a-loss consumer subscription story into a self-funding compounder, and the FY2025 10-K narrative supports that the inflection is structural rather than cosmetic. Revenue grew 31.8% to $489M, but the mix is what matters: management discloses subscription revenue grew 33% to $369M while 'Other revenue' (ads + aggregated data partnerships) jumped 90% to $68M. That higher-margin mix shift explains how gross margin reached 77.8% and net income swung from -$4.55M to +$151M — a genuine operating-leverage step, not a one-quarter blip. Operating cash flow of $88.6M against just $1.79M of capex confirms the model is now cash-generative, and the balance sheet carries $494M cash against a trivial $4.5M of long-term debt.

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