Life360, Inc. (ASX:360) Shares Under Pressure Over the Year

Life360, Inc. (ASX:360) Shares Under Pressure Over the Year - What’s Happening Recently?

Sonal Goyal

06 October 2026 06:41 PM AEDT

Life360, Inc. (ASX:360) Shares Under Pressure Over the Year - What’s Happening Recently?

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Life360, Inc. (ASX:360), a provider of a family connection and safety mobile application that is also listed on Nasdaq under the ticker LIF, has experienced a sharp share price decline over the past year despite reporting record quarterly revenue. Life360, Inc. (ASX:360) shares were priced at $20.12, down 0.98% in today’s session, and are down 63.31% over the past year. The company announced its second quarter 2026 results, for the quarter ended 30 June 2026, on 10 August 2026.

For context, the S&P/ASX 200 Info Tech [XIJ] (INDEXASX: XIJ) stood at 1,684.00, down 2.90% (−50.30 points) today as of 6 Oct, and is down 42.73% over the past year. Meanwhile, the S&P/ASX 200 stood at 8,735.70, up 0.57% (+49.30 points) today, and is down 2.74% over the past year.

Business Model and Operational Footprint

Life360 operates a mobile application that helps families share locations, coordinate and receive safety alerts. Its Revenue comes from subscriptions to paid “Circles”, hardware such as tracking devices, advertising, and other sources including data and Partnership revenue. Subscription revenue is the largest component, at US$115.6 million of US$159.0 million in total revenue in Q2 2026.

The company reported approximately 102.4 million monthly active users (MAU) at the end of the quarter, including 54.0 million in the United States and 48.4 million internationally. Paying Circles totalled 3.2 million, with 2.3 million in the US and 1.0 million internationally. The company is headquartered in San Mateo, California, and its Advertising capability has been expanded through the Acquisition of Nativo. It has also moved to exit brick-and-mortar retail for hardware sales and is relocating certain hardware Manufacturing operations.

Sector Dynamics

Consumer subscription applications operate with app store commissions, advertising cycles and hardware Supply chain costs. Life360 notes that its advertising platform enters its strongest seasonal window in the second half of the year, and that it paid higher app store commissions in line with subscription growth.

Among ASX-listed technology companies, Life360’s 63.31% one-year decline is comparable to those of Xero Ltd (ASX:XRO) at 64.67% and WiseTech Global Ltd (ASX:WTC) at 63.87%, against a 42.73% decline in the S&P/ASX 200 Info Tech index. Dual-listed names also trade across NASDAQ and ASX sessions, which means results announced in the US are reflected on the ASX in the following Australian trading day.

Q2 2026 Results Release

All figures are in US dollars. Total revenue was US$159.0 million, up 38%. Core subscription revenue was US$111.1 million, up 34%, and advertising revenue was a record US$22.0 million, up 315%. Hardware revenue declined 20% to US$9.8 million as net hardware units shipped fell 18%. Annualised Monthly Revenue was US$537.2 million, up 29%.

Adjusted EBITDA was US$31.1 million, up 53%, and Operating Cash Flow was US$23.8 million, up 79%. Net Income was US$5.1 million, compared with US$7.0 million a year earlier. Gross Margin was 80%, while operating expenses rose 43% to US$127.0 million, equal to 80% of revenue, up from 77%. Cash and short-term investments were US$467.7 million. The company repurchased 314,762 treasury shares for US$13.2 million, with US$211.8 million remaining under its US$225.0 million programme.

FY26 guidance is revenue of US$650–685 million, subscription revenue of US$475–480 million (raised), hardware revenue of US$35–45 million (lowered), advertising revenue of US$98–115 million, adjusted EBITDA of US$130–140 million and MAU growth of 17% to 20%.

Average revenue per Paying Circle was US$142.56, up 5%, and average revenue per paying subscription was US$128.38, up 11%. United States MAU rose 14% to 54.0 million, and international MAU rose 20% to 48.4 million. Net hardware units shipped fell to about 0.7 million, with an average selling price of US$14.70, and the company attributed the decline to its exit from brick-and-mortar retail and lower online retail sales.

Growth Catalysts and Critical Operating Risks

Growth catalysts identified include Paying Circle growth (up 27%), international expansion (UK, Australia, New Zealand and Canada Paying Circles up 34%), the integrated Life360 Ads Platform, the company’s AI labs and a Q3 focus on pet owners, children and ageing adults. Management expects revenue growth to accelerate in the second half of 2026.

Operating risks include declining net income relative to revenue growth, higher operating expenses from the Nativo acquisition and restructuring, a lower advertising gross margin as the platform expands and a reduced hardware revenue outlook. Average revenue per Paying Circle was broadly flat sequentially at US$142.56. MAU growth is weighted to the second half of the year, and the company notes that cash used in investing activities was US$92.7 million in the quarter. Reliance on app stores, advertising Demand and tariff-affected hardware supply chains also remain variables.

Where Things Stand

Life360 reports record quarterly revenue and Paying Circles alongside higher expenses, while its ASX-listed shares remain well below levels of a year ago. The next reference points are third quarter results and progress against the FY26 guidance ranges.

FAQs

Q: What did Life360, Inc. (ASX:360) report for Q2 2026?

A:Total revenue of US$159.0 million (up 38%), adjusted EBITDA of US$31.1 million (up 53%), 3.2 million Paying Circles (up 27%) and approximately 102.4 million monthly active users.

Q: What is Life360’s FY26 revenue guidance?

A:Consolidated revenue of US$650 million to US$685 million and adjusted EBITDA of US$130 million to US$140 million.

Q: How have Life360 (ASX:360) shares performed over the past year?

A:Shares are down 63.31% over twelve months and were down 0.98% today at $20.12, compared with a 42.73% one-year decline in the S&P/ASX 200 Info Tech index.

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