Company / Stock (167)3-Year Statement
Golden Door Asset's Financial Engine connects audited SEC 10-K/10-Q income statements, balance sheets, and cash flow statements to a deterministic 5-year unlevered DCF valuation, Reverse-DCF implied growth solver, ASC 350-40 software capitalization bridge, and 1-year lagged R&D capital efficiency benchmark across 167 public software companies (167 ranked in the R&D Return universe).
Discounting 5-year unlevered FCF at 10.0% WACC and 2.5% terminal growth ($352.0M PV of FCF + $1.57B PV of Terminal Value)
| DCF Cash Flow Line | TTM | Y1 | Y2 | Y3 | Y4 | Y5 |
|---|---|---|---|---|---|---|
| Projected Revenue | $371.5M | $544.2M | $797.3M | $1.17B | $1.71B | $2.51B |
| Operating EBIT | -$8.0M | -$11.7M | -$17.1M | -$25.1M | -$36.8M | -$53.9M |
| Unlevered Free Cash Flow (FCF) | $27.5M (7%) | $40.3M (7%) | $59.0M (7%) | $86.4M (7%) | $126.6M (7%) | $185.5M (7%) |
| Discounted PV of FCF (@ 10.0% WACC) | $25.0M | $33.3M | $44.3M | $59.0M | $78.6M | $104.7M |
| WACC \ Term g | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% |
|---|---|---|---|---|---|
| 8.0% | $32.00 | $34.23 | $36.87 | $40.03 | $43.90 |
| 9.0% | $27.50 | $29.10 | $30.94 | $33.09 | $35.64 |
| 10.0% | $24.08 | $25.27 | $26.62 | $28.16 | $29.94 |
| 11.0% | $21.39 | $22.31 | $23.33 | $24.47 | $25.77 |
| 12.0% | $19.23 | $19.95 | $20.74 | $21.62 | $22.61 |
Synchronized directly with the 3-Year Operating Statement (75.2% Gross Margin · 46.5% Growth · 11.4% SBC/Rev)
| Income Statement Line | FY22ASEC 10-K | FY23ASEC 10-K | FY24ASEC 10-K | Year 1 (2026)Forecast | Year 2 (2027)Forecast | Year 3 (2028)Forecast |
|---|---|---|---|---|---|---|
| Revenue | $228.3M | $304.5M | $371.5M | $371.5M | $544.2M | $797.3M |
| YoY Revenue Growth (%) | 102.7% | 33.4% | 22.0% | 46.5% | 46.5% | 46.5% |
| Cost of Revenue (COGS) | ($79.7M) | ($81.9M) | ($92.3M) | ($92.3M) | ($132.5M) | ($190.2M) |
| Gross Profit & Margin | $148.6M (65.1%) | $222.6M (73.1%) | $279.2M (75.2%) | $279.2M (75.2%) | $411.7M (75.7%) | $607.1M (76.2%) |
| Research & Development (R&D) | — | — | — | $113.1M | $159.0M | $223.3M |
| Sales & Marketing (S&M) | — | — | — | $113.1M | $159.1M | $223.4M |
| General & Administrative (G&A) | — | — | — | $60.9M | $85.7M | $120.3M |
| Operating EBIT | -$94.4M (-41.4%) | -$30.0M (-9.8%) | -$8.0M (-2.1%) | -$8.0M (-2.1%) | $7.9M (1.4%) | $40.2M (5.0%) |
| Adjusted EBITDA | — | — | — | $3.9M (1.1%) | $25.3M (4.6%) | $65.7M (8.2%) |
Life360, Inc. (LIF) earns a "Watch" rating and an institutional Quality Score of 71/100 (Grade B+). On $371.5M in baseline revenue (46.5% growth, 75.2% gross margin, 7.4% FCF margin), our 5-year DCF yields an Enterprise Value of $1.93B ($26.62/share vs. $62.75 market price). On the R&D Return Benchmark, LIF ranks #28 of 167 (Compounders · Grade AA, 0.90× return).
Gross Margin & Unit Economics: Life360, Inc. operates at a 75.2% gross margin on $371.5M revenue (0.0 pts below the Application SaaS median of 75.2%).
R&D Productivity (Compounders · Grade AA): Investing 26.2% of revenue in R&D ($128.4M) generates $0.90 of incremental gross profit per R&D dollar (Rank #28 of 167).
Rule of 40 & Cash Conversion: Combining 46.5% top-line growth with 7.4% FCF margin yields a 53.9% Rule of 40 score (vs. 48.2% cohort median) and $1.93B DCF Enterprise Value.
Measures incremental gross profit generated per prior-year R&D dollar across 167 scored software companies
x = R&D % of revenue (FY) · y = new gross profit per R&D dollar (FY)
LIF: Compounder, AA
Hover or tap a dot to inspect peer R&D intensity and return
Intensity = R&D ÷ revenue from the same period. The grade uses TTM when that period end is fresh; otherwise the latest fiscal year if that end is fresh; otherwise the name is ungraded. Bands describe spend level, not quality.
As of 2026-10-22.
Active Medians: 11.3% Growth · 75.2% Gross Margin · 32.6% Unlevered FCF · 23.4% GAAP FCF · 48.2% Rule of 40 · 5.5× EV/Rev
| Company | Actions | |||||||
|---|---|---|---|---|---|---|---|---|
LIFLife360, Inc.Subject | $371.5M | 46.5% | 75.2% | 7.4% | -4.0% | 53.9% | 12.8× | Active |
SHOPIFY INC. | $8.88B | 31.9% | 50.4% | 18.0% | 13.1% | 49.9% | 22.7× | |
Salesforce | $43.94B | 11.9% | 77.3% | 34.5% | 26.1% | 46.4% | 5.0× | |
ServiceNow | $15.43B | 22.5% | 73.1% | 30.8% | 15.7% | 53.3% | 7.6× | |
Automatic Data Processing, Inc. | $21.95B | 7.4% | 46.4% | 23.9% | 22.8% | 31.3% | 5.2× | |
Adobe Inc. | $25.97B | 10.8% | 89.3% | 40.8% | 32.8% | 51.6% | 3.8× | |
Zoom Communications, Inc. | $4.99B | 4.4% | 77.3% | 38.6% | 24.0% | 43.0% | 5.7× | |
| Peer Set Median (6 Peers) | $18.69B | 11.3% | 75.2% | 32.6% | 23.4% | 48.2% | 5.5× | =MEDIAN() |
Structural sensitivities monitored in the 3-Statement Financial Engine
Apply any lever below to write its operating assumptions directly into the 3-Statement Model
Automate cloud hosting & support workflows to lift gross margin from 75.2% to 80.2%.
Align R&D intensity and ASC 350-40 capitalization to the R&D Compounders cohort median, recapturing $12.0M in annual EBITDA.
Lift net dollar retention and expansion velocity by +300 bps, compounding Year 3 revenue to $830.3M.
Solid software model with clear operating leverage, partially offset by standard SBC or moderate burn.
Positive FCF but lower conversion efficiency due to capex or timing
Standard software SBC dilution; modest equity transfer to employees
High-quality software margins with healthy balanced growth and profitability
Positive net cash cushion; self-funding operations with zero insolvency risk
The current share price demands 77.0% 5-year CAGR (87.5% net of SBC & dilution)—a +30.5% acceleration over historical run-rate (46.5%). Any growth slowdown risks valuation multiple contraction.
Evaluates shareholder equity vulnerability if SaaS valuation multiples contract toward historical industry medians.
| Multiple Contraction Scenario | EV / Rev | Implied EV | Implied Equity | Implied Price | Downside % |
|---|---|---|---|---|---|
| Current Multiple | 12.8× | $4.76B | $4.91B | $62.75 | 0.0% |
| -20% Multiple Compression | 10.2× | $3.80B | $3.96B | $50.60 | -20.0% |
| -35% Multiple Compression | 8.3× | $3.09B | $3.25B | $41.50 | -35.0% |
| Software Baseline Floor (5.0× EV/Rev) | 5.0× | $1.86B | $2.02B | $25.74 | -60.9% |