Skip to content
Capital Q&A

After 15 years, family tracker Life360 has a profit in sight

The San Francisco-based family tracker listed on the ASX in 2019. After some COVID troubles, it's thriving.

Daniel Van Boom
Make us a preferred source
After listing on the ASX in 2019, Life360 is on track to turn a profit in 2025, according to company CFO Russell Burke. Credit: Life360.

In retrospect, Life360 picked an awkward time to list on the ASX. After its IPO in 2019 came the pandemic. Then, in 2022, rising interest rates meant investors looked less kindly on growth companies that weren't turning a profit.

Yet the San Francisco-based company, which offers a family tracking app and sells the Tile tracking tag, is approaching the black. About 15 years after the launch of its app, it's growing through international expansion, into the UK and soon Australia, as well as its 2021 acquisition of Tile. Its market cap, after taking a hit in early 2022 alongside many other tech stocks, is trending up to $2 billion. Life360 chief financial officer Russell Burke spoke to Capital Brief about why.

Life360 reported increased revenue to USD78 million, but a net loss of about USD6.5 million. When can we expect profit?

We've laid out a specific path to profitability. And we're very much on that trajectory.