LIFE — what changed in the latest 10-Q
A section-by-section comparison of LIFE's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-05 vs the prior 10-Q · 2026-05-08
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +40 | −36 | ~13 | 33 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~1 | 3 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | Text added/removed | +50 | −46 | ~35 | 203 |
| Other information | Text added/removed | +3 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-05
ARPU was $1,758 and $1,950 during the three and six months ended June 30, 2026, compared to $1,920 and $1,946 during the same periods in 2025, respectively. ARPU for the total business decreased by 8% for the three months ended June 30, 2026, and remained approximately flat for the six months ended …
For the three and six months ended June 30, 2026, Contribution Profit increased by $24.7 million and $42.8 million, respectively, compared to the same periods in 2025. The increase in Contribution Profit was primarily driven by continued
revenue growth across both our direct and third-party channels, partially offset by the increase in sales and marketing expenses.
Contribution Margin was 33% and 42% for the three months ended June 30, 2026 and 2025, respectively, and 32% and 43% for the six months ended June 30, 2026 and 2025, respectively. For the three months ended June 30, 2026 and 2025, the decrease was primarily driven by the change to third-party agent …
Adjusted EBITDA. We define Adjusted EBITDA as net income excluding interest expense, interest income, income tax expense (benefit), depreciation and amortization, and stock-based compensation and related taxes as set forth in the table below. Adjusted EBITDA Margin is calculated by dividing Adjusted…
Text removed vs the prior filing · source: 10-Q · 2026-05-08
ARPU for the direct channel increased by 7% for the three months ended March 31, 2026 compared to the three months ended March 31, 2025, while ARPU for the third-party channel decreased by 8% over the same period. The direct channel comprised an increased portion of revenue over these periods, contr…
Contribution Profit increased by $18.1 million from $40.5 million for the three months ended March 31, 2025 to $58.6 million for the three months ended March 31, 2026. This increase in Contribution Profit was primarily driven by continued revenue growth across both our direct and third-party channel…
Adjusted EBITDA. We define Adjusted EBITDA as net income excluding interest expense, interest income net, income tax expense, depreciation and amortization, and stock-based compensation expense as set forth in the table below. Adjusted EBITDA Margin is calculated by dividing Adjusted EBITDA for a pe…
Adjusted EBITDA increased by $9.9 million, to $33.6 million for the three months ended March 31, 2026, from $23.7 million for the three months ended March 31, 2025, representing Adjusted EBITDA Margins of 17% and 25%, respectively. The increase in Adjusted EBITDA was primarily due to the increase in…
Deemed dividend on the conversion of Series D and D1 redeemable convertible preferred stock
Risk factors
Text added vs the prior filing · source: 10-Q · 2026-08-05
We also have limited experience with our third-party channel, which is becoming an increasingly significant portion of our total revenue and growth strategy. In particular, as we expand our agency relationships, we have faced and may continue to face increased pressure to offer higher agent compensa…
As we expand our business, we may also face integration challenges as well as potential unknown liabilities and reputational concerns in connection with third-party agencies or carriers we work with, including challenges, liabilities, and concerns that may impact and cause fluctuations in our financ…
As we grow, we will be required to continue to improve our financial controls and procedures, and we may not be able to do so effectively. For example, risk of compliance failures may increase if our internal controls and systems do not keep pace with evolving regulatory requirements or increased tr…
termination of policies sold through agents, we may not be able to fully or promptly recoup agent payments owed to us from the applicable agency or agent, and in certain cases such amounts may prove entirely uncollectible. This could negatively impact our cash flows and financial results and could a…
In addition to our direct channel, we rely on our third-party channel, consisting primarily of contractual relationships with independent agents and agencies, to generate a significant and growing portion of our revenue. Our revenue from sales of policies on our platform through our third-party chan…
Text removed vs the prior filing · source: 10-Q · 2026-05-08
We also have limited experience with our third-party channel, which is becoming an increasingly significant portion of our total revenue and growth strategy. In particular, as we expand our agency relationships, we have faced and may continue to face increased pressure to offer higher agent compensa…
As we expand our business, we may also face integration challenges as well as potential unknown liabilities and reputational concerns in connection with third-party agencies or carriers we work with, including challenges, liabilities, and
concerns that may impact and cause fluctuations in our financial results. For example, when working with new carriers or new products with existing carriers, our limited historical experience and data may result in more frequent changes to persistency and resulting persistency estimates, which can r…
As we grow, we will be required to continue to improve our financial controls and procedures, and we may not be able to do so effectively. For example risk of compliance failures may increase if our internal controls and systems do not keep pace with evolving regulatory requirements or increased tra…
In addition to our direct channel, we rely on our third-party channel, consisting primarily of contractual relationships with independent agents and agencies, to generate a significant and growing portion of our revenue. Our revenue from sales of policies on our platform through our third-party chan…
Other information
Text added vs the prior filing · source: 10-Q · 2026-08-05
On May 12, 2026, Peter Colis, our Chief Executive Officer, adopted a trading arrangement intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) that will expire on January 15, 2027. The trading plan provides for the potential sale of up to 663,732 shares of our Class A common stock…
On May 15, 2026, Brandt Kucharski, our Chief Accounting Officer, adopted a trading arrangement intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) that will expire on August 31, 2027. The trading plan provides for the potential sale of up to 136,831 shares of our Class A common …
On May 20, 2026, Lingke Wang, our President, adopted a trading arrangement intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) that will expire on February 12, 2027. The trading plan provides for the potential sale of up to 710,000 shares of our Class A common stock, consisting …
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice