Highlights

  • ASX: 360 shares trading at $18.58 with a broker consensus price target of $36.41, implying approximately 96% upside.
  • Life360 reported record full-year 2025 revenue of $489.5 million (up 32% year-on-year) and record Adjusted EBITDA of $93.2 million, with Q4 2025 MAU reaching approximately 95.8 million — up 20% year-on-year.
  • FY2026 guidance targets consolidated revenue of $640–$680 million (YoY growth of 31%–39%) and Adjusted EBITDA of $128–$138 million, representing a margin of approximately 20%.

 

Life360 Inc. (ASX:360) traded at $18.58 on 14 April 2026, up $0.67 or 3.7% in the most recent session on volume of 875,314 shares. The company carries a market capitalisation of $4.33 billion. As per EODHD/Others, the broker consensus price target of $36.41 represents implied upside of approximately 96% — nearly double the current share price — making it one of the larger valuation discrepancies in the ASX consumer technology space. Life360 maintains a dual listing on the ASX (360) and the NASDAQ (LIF), a structure that can occasionally produce pricing inefficiencies between the two exchanges as institutional and retail investor bases respond differently to the same underlying news flow. Brokers note that the ASX-quoted price has not always moved in step with the NASDAQ-listed share, and point to this as a potential additional consideration for investors assessing the stock on the local exchange.

Business Overview and Platform Scale

Life360 operates the leading family safety and location-sharing mobile application globally. The platform enables families to share real-time location data, receive alerts, and access a growing suite of safety and membership features including roadside assistance, identity theft protection, and emergency response services. The freemium business model — offering a basic tier at no cost and charging for premium membership tiers — has enabled rapid user base growth while simultaneously driving subscription revenue conversion. The scale of the platform is its most distinctive characteristic. With approximately 95.8 million monthly active users as of Q4 2025, Life360 operates at a scale that very few consumer software companies on the ASX can match. The breadth of the free user base represents a substantial pool of potential paying subscribers that the company is progressively monetising through product improvements and targeted pricing strategies.

Record Q4 2025 and Full-Year 2025 Financial Results

Life360's Q4 2025 results delivered records across multiple key metrics. Total Q4 revenue reached $146.0 million, up 26% year-on-year. Subscription revenue for the quarter was $102.5 million, up 30% year-on-year, with core subscription revenue of $97.3 million growing 33%. Annualised Monthly Revenue (AMR) — a forward-looking metric based on the most recent month's recurring revenue — stood at $478.0 million, up 30% year-on-year. Adjusted EBITDA for Q4 was $32.4 million, up 53% on Q4 2024. Positive operating cash flow of $36.8 million was up 199% year-on-year. For the full year 2025, total revenue reached $489.5 million, up 32% year-on-year, and Adjusted EBITDA hit a record $93.2 million. Paying Circles — Life360's primary subscription unit — grew 26% year-on-year to 2.8 million, with full-year net additions of 576,000 representing the largest annual subscriber intake on record. Average Revenue Per Paying Circle grew 6% year-on-year, driven by US price increases and a shift in product mix toward higher-priced membership tiers.

User Growth and Monetisation Dynamics

Monthly active users reached 95.8 million in Q4 2025, up 20% year-on-year, with net additions of 4.2 million in the quarter alone. The gap between 95.8 million MAU and 2.8 million Paying Circles represents the conversion opportunity that underpins much of the broker analysis on Life360. Even modest improvements in the conversion rate from free to paying user — without any further growth in the MAU base — would translate into meaningful incremental subscription revenue. Analysts note that Life360 has historically operated with international pricing set below US levels, providing further room for ARPU expansion as the company moves to close that gap across select markets. The introduction of higher-priced membership tiers across international markets during 2024 and 2025 has already begun to move this metric in the right direction.

FY2026 Guidance and Investment Outlook

Life360's FY2026 guidance is ambitious but grounded in the momentum demonstrated across the FY2025 reporting period. The company is targeting consolidated revenue of $640–$680 million, representing year-on-year growth of 31%–39%. This includes subscription revenue of $460–$470 million, hardware revenue of $40–$50 million, and other revenue of $140–$160 million. Adjusted EBITDA guidance of $128–$138 million implies a margin of approximately 20%. The company has noted that Adjusted EBITDA will be lightly weighted toward the first half of 2026 and more heavily concentrated in the second half, reflecting the timing of growth investments. The FY2026 guidance implies continued MAU growth of 20% year-on-year — a target that, if achieved, would take the platform to over 115 million monthly active users by the end of the year.

Conclusion

Life360's operational metrics — nearly 96 million MAU, record subscriber net adds, 32% revenue growth, and a clear pathway to 20% Adjusted EBITDA margins — present a compelling picture of a consumer software business at genuine scale. The 96% gap between the current ASX share price and the broker consensus target of $36.41 reflects both the structural discount applied to high-growth technology stocks in the current rate environment and what analysts view as an incomplete market appreciation of Life360's monetisation potential relative to its user base. As the company executes on its FY2026 revenue and profitability guidance, that gap has the potential to narrow materially.