---
schema_version: "secwatch.filing_event.v1"
accession: "0001581760-23-000002"
form_type: "8-K"
ticker: "LIF"
cik: "0001581760"
company_name: "Life360, Inc."
filed_at: "2023-01-12T23:59:59+00:00"
generated_at: "2026-06-20T16:00:43.299450+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "medium"
source: SEC EDGAR
---

# Life360 prelim Q4 core subscription rev +54% YoY; cuts 14% workforce; sees positive cash flow from Q2 2023

## Summary
- Preliminary CY22 core Life360 subscription revenue growth exceeded 54%, in line with guidance; total revenue and Adjusted EBITDA at lower end of guidance.
- Workforce reduction of ~14% to streamline operations; estimated $4M severance charges, annualized cost savings >$15M.
- Cash balance of $90M at Dec 31, 2022 (adjusted for $32M net placement proceeds).
- CY23 total revenue growth expected ~35% YoY; positive Operating Cash Flow and Adjusted EBITDA expected full year, starting Q2.
- Global MAU 48.6M (+37% YoY); Total Paying Circles 1.5M; churn normalized after iOS price changes.

## SEC filing metadata
- accession: 0001581760-23-000002
- form_type: 8-K
- ticker: LIF
- cik: 0001581760
- company_name: Life360, Inc.
- filed_at: 2023-01-12T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: medium
- sec_items: 2.02, 2.05, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1581760/000158176023000002/0001581760-23-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1581760/000158176023000002/lifx-20230112.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001581760-23-000002
- JSON: https://secwatch.observer/filing/0001581760-23-000002.json
- Plain text: https://secwatch.observer/filing/0001581760-23-000002.txt

## Key facts
- Earnings Releases
  Life360, Inc. updated its calendar year 2023 guidance (reaffirmed).
  - Period: calendar year 2023
  - Guidance: reaffirmed
  - Result: guidance update
  source text: On January 12, 2023, Life 360 Inc. (the “Company”) issued an Australian Securities Exchange (“ASX”) media release, among other things, announcing certain preliminary results of operations for the quarter and fiscal year ended December 31, 2022, preliminary guidance for calendar year 2023 and a workforce restructure (the “Media Release”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1581760/000158176023000002/0001581760-23-000002-index.htm
- Earnings Releases
  Life360, Inc. updated its the quarter and fiscal year ended December 31, 2022 guidance (reaffirmed).
  - Period: the quarter and fiscal year ended December 31, 2022
  - Guidance: reaffirmed
  - Result: preliminary results
  source text: On January 12, 2023, Life 360 Inc. (the “Company”) issued an Australian Securities Exchange (“ASX”) media release, among other things, announcing certain preliminary results of operations for the quarter and fiscal year ended December 31, 2022, preliminary guidance for calendar year 2023 and a workforce restructure (the “Media Release”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1581760/000158176023000002/0001581760-23-000002-index.htm
- Restructurings & Charges
  Life360, Inc. announced a restructuring with charges of approximately $4 million (approximately 14% reduction of the Company's workforce).
  - Type: restructuring
  - Charge: approximately $4 million
  - Headcount: approximately 14% reduction of the Company's workforce
  source text: product initiatives. The restructure will result in an approximately 14% reduction of the Company's workforce. The Company estimates that it will incur charges of approximately $4 million in connection with the restructure, primarily related to expected cash payments related to severance costs of approximately $4 million. The Company expects that the majority of
  evidence_url: https://www.sec.gov/Archives/edgar/data/1581760/000158176023000002/0001581760-23-000002-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.