Stocks LZ Financial statements
Financial statementsLEGALZOOM.COM, INC. financial statements
Income statement, balance sheet and cash flow statement for the last 7 fiscal years, taken from the XBRL data LEGALZOOM.COM, INC. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
| FY2019 | FY2021 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|
| Revenue | 408 | 471 | 575 | 620 | 661 | 682 | 756 |
| Cost of revenue | 137 | 155 | 189 | 211 | 239 | 240 | 258 |
| Gross profit | 271 | 316 | 386 | 409 | 421 | 442 | 498 |
| Selling and marketing | 116 | 171 | 279 | 264 | 211 | 208 | 262 |
| Operating expenses | 225 | 267 | 471 | 451 | 400 | 406 | 473 |
| Operating income | 46.3 | 48.9 | -85.1 | -41.7 | 21.1 | 35.6 | 25 |
| Interest expense | 38.6 | 35.5 | 28 | 0.26 | 0.49 | 0.45 | 1.29 |
| Interest income | 1.8 | 9.31 | 7.85 | 7.57 | |||
| Other non-operating income | 2.58 | 3.71 | 1.19 | -4.48 | 1.62 | 0.1 | 1.19 |
| Pre-tax income | 10.3 | 12.3 | -120 | -47.7 | 31.5 | 43.1 | 32.4 |
| Income tax | 3.16 | 2.43 | -11 | 1.06 | 17.5 | 13.1 | 17 |
| Net income | 7.44 | 9.9 | -109 | -48.7 | 14 | 30 | 15.4 |
| EBITDA | 58.4 | 66.2 | -69.4 | -23.5 | 41.3 | 65.4 | 61.3 |
| EPS, basic | 0.04 | 0.06 | -0.67 | -0.25 | 0.07 | 0.17 | 0.09 |
| EPS, diluted | 0.04 | 0.06 | -0.67 | -0.25 | 0.07 | 0.16 | 0.08 |
| Shares, basic (weighted) | 124 | 125 | 161 | 196 | 190 | 180 | 179 |
| Shares, diluted (weighted) | 129 | 127 | 161 | 196 | 194 | 183 | 185 |
Balance sheet
| FY2019 | FY2021 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | 49.2 | 114 | 239 | 189 | 226 | 142 | 203 |
| Receivables | 8.56 | 10.6 | 13.2 | 11.7 | 8.51 | 20.6 | |
| Other current assets | 0.68 | 2.12 | 1.99 | 1.94 | 1.83 | 0.95 | |
| Total current assets | 134 | 267 | 242 | 275 | 191 | 242 | |
| Property, plant and equipment | 51.4 | 47 | 30.8 | 48.2 | 59.8 | 58 | |
| Lease right-of-use assets | 0 | 11.1 | 8.52 | 7.19 | 13.4 | ||
| Goodwill | 9.81 | 11.4 | 59.9 | 63.2 | 63.3 | 63.3 | 141 |
| Intangible assets | 0.82 | 16 | 18.9 | 13.7 | 8.65 | 18.2 | |
| Long-term investments | 1.05 | 1.12 | 1 | 1.16 | 1.38 | 0 | |
| Other non-current assets | 6.05 | 12.8 | 9.24 | 8.5 | 7.64 | 7.4 | |
| Total assets | 252 | 431 | 405 | 448 | 374 | 512 | |
| Accounts payable | 28.7 | 31.8 | 25.3 | 32.3 | 31.2 | 27.2 | |
| Accrued liabilities | 41 | 50.8 | 57.4 | 61.7 | 57.9 | 83.4 | |
| Deferred revenue | 127 | 146 | 164 | 168 | 175 | 204 | |
| Short-term debt | 3.03 | 0 | |||||
| Total current liabilities | 200 | 229 | 249 | 264 | 266 | 319 | |
| Long-term debt | 512 | 0 | |||||
| Lease liabilities | 0 | 8.96 | 6.97 | 6.02 | 10 | ||
| Other non-current liabilities | 16.6 | 2.94 | 3.97 | 7.57 | 8.65 | 10.8 | |
| Total liabilities | 732 | 233 | 263 | 279 | 281 | 340 | |
| Total debt | 512 | 0 | |||||
| Paid-in capital | 102 | 947 | 1,033 | 1,101 | 1,162 | 1,306 | |
| Retained earnings | -639 | -748 | -892 | -933 | -1,069 | -1,134 | |
| Other comprehensive income | -13.8 | -1.8 | 1.5 | 0.23 | 0.86 | 0.18 | |
| Shareholders' equity | -557 | -551 | 198 | 142 | 169 | 93.3 | 172 |
| Total equity | -557 | -551 | 198 | 142 | 169 | 93.3 | 172 |
| Total liabilities and equity | 252 | 431 | 405 | 448 | 374 | 512 | |
| Shares outstanding | 125 | 198 | 191 | 189 | 174 | 178 |
Cash flow statement
| FY2019 | FY2021 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|
| Net income | 7.44 | 9.9 | -109 | -48.7 | 14 | 30 | 15.4 |
| Depreciation and amortization | 12.1 | 17.3 | 15.7 | 18.2 | 20.2 | 29.8 | 36.3 |
| Stock-based compensation | 5.18 | 12.9 | 113 | 80.5 | 66 | 71.5 | 114 |
| Deferred income tax | 0.47 | 1.33 | -11.6 | -0.79 | 4.71 | -4.55 | 6.63 |
| Change in receivables | -0.41 | 0.95 | -1.51 | -2.51 | 1.44 | 3.23 | -11.8 |
| Change in payables | 3.91 | 12.4 | 2.36 | -6.61 | 5.03 | -0.82 | -3.66 |
| Cash from operations | 52.7 | 93 | 54.2 | 73.8 | 124 | 136 | 178 |
| Capital expenditures | -18.3 | -10.6 | -11.7 | -22.1 | -31.6 | -35.7 | -30.3 |
| Acquisitions | 0 | -0.93 | -61.5 | -2.53 | 0 | 0 | -48.5 |
| Purchases of investments | -2.01 | 0 | 0 | ||||
| Sales and maturities of investments | 0 | 0 | 1.62 | ||||
| Cash from investing | -20.7 | -12.7 | -77.7 | -30.6 | -31.6 | -35.7 | -40.1 |
| Share buybacks | -1.54 | -4.81 | 0 | -95.1 | -54.9 | -165 | -80.5 |
| Cash from financing | -12.9 | -15.1 | 123 | -93.3 | -56.2 | -183 | -77.3 |
| Exchange rate effect | -0.5 | 0.06 | -0.01 | -0.09 | 0.03 | -0.31 | 0.17 |
| Net change in cash | 18.6 | 65.3 | 99.8 | -50.2 | 36.6 | -83.7 | 61 |
| Free cash flow | 34.3 | 82.5 | 42.4 | 51.7 | 92.7 | 99.9 | 148 |
| Interest paid | 37.3 | 27.9 | 12.3 | 0 | 0 | ||
| Income taxes paid | 1.47 | 1.49 | 1.46 | 0.74 | 6.6 | 26.2 | 8.91 |
Key metrics
Profitability
| Metric | Value | How it is calculated |
|---|---|---|
| Gross margin | 66.7% | Gross profit / revenue. |
| Operating margin | 4.1% | Operating income / revenue. |
| Pre-tax margin | 4.8% | Pre-tax income / revenue. |
| Net margin | 2.1% | Net income / revenue. |
| FCF margin | 18.9% | Free cash flow (cash from operations - capital expenditures) / revenue. |
| Operating cash flow margin | 22.1% | Cash from operations / revenue. |
| Effective tax rate | 56.0% | Income tax / pre-tax income, when pre-tax income is positive. |
| Return on equity (ROE) | 13.3% | Net income / average shareholders' equity (opening and closing). Not shown when equity is negative. |
| Return on assets (ROA) | 3.6% | Net income / average total assets. |
| Stock-based pay / revenue | 12.4% | Stock-based compensation (from the cash flow statement) / revenue. |
| Capex / revenue | 3.2% | Capital expenditures / revenue. |
Growth
| Metric | Value | How it is calculated |
|---|---|---|
| Revenue growth, 1y | 10.9% | Revenue vs the same period a year earlier. Only from a positive base. |
| Revenue CAGR, 3y | 6.8% | Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Revenue CAGR, 5y | 9.9% | Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Gross profit growth, 1y | 12.7% | Gross profit vs the same period a year earlier. Only from a positive base. |
| Gross profit CAGR, 3y | 6.8% | Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Gross profit CAGR, 5y | 9.5% | Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Operating income growth, 1y | -29.8% | Operating income vs the same period a year earlier. Only from a positive base. |
| Operating income CAGR, 5y | -12.6% | Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| EBITDA growth, 1y | -6.3% | EBITDA vs the same period a year earlier. Only from a positive base. |
| EBITDA CAGR, 5y | -1.5% | Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Net income growth, 1y | -48.5% | Net income vs the same period a year earlier. Only from a positive base. |
| Net income CAGR, 5y | 9.3% | Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| EPS growth, 1y | -50.0% | EPS vs the same period a year earlier. Only from a positive base. |
| EPS CAGR, 5y | 5.9% | Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Operating cash flow growth, 1y | 31.4% | Operating cash flow vs the same period a year earlier. Only from a positive base. |
| Operating cash flow CAGR, 3y | 34.1% | Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Operating cash flow CAGR, 5y | 13.9% | Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Free cash flow growth, 1y | 48.0% | Free cash flow vs the same period a year earlier. Only from a positive base. |
| Free cash flow CAGR, 3y | 41.9% | Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Free cash flow CAGR, 5y | 12.4% | Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Book value growth, 1y | 84.3% | Book value vs the same period a year earlier. Only from a positive base. |
| Book value CAGR, 3y | 6.5% | Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Total assets growth, 1y | 36.8% | Total assets vs the same period a year earlier. Only from a positive base. |
| Total assets CAGR, 3y | 8.1% | Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Total assets CAGR, 5y | 15.2% | Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Share count change, 1y | 1.0% | Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution. |
| Share count change per year, 3y | -1.9% | Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution. |
| Share count change per year, 5y | 7.7% | Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution. |
Balance sheet health
| Metric | Value | How it is calculated |
|---|---|---|
| Current ratio | 0.67x | Current assets / current liabilities. |
| Quick ratio | 0.59x | (Cash + short-term investments + receivables) / current liabilities. |
| Cash ratio | 0.53x | (Cash + short-term investments) / current liabilities. |
| Liabilities / assets | 72.7% | Total liabilities / total assets. |
| Interest coverage | 18.6x | Operating income / interest expense. |
| Working capital | -$105.9M | Current assets - current liabilities. |
| Goodwill and intangibles / assets | 33.4% | (Goodwill + intangible assets) / total assets. |
| Tangible book value | -$28.5M | Shareholders' equity - goodwill - intangible assets. |
Efficiency
| Metric | Value | How it is calculated |
|---|---|---|
| Asset turnover | 1.70x | Revenue / average total assets. |
| Fixed asset turnover | 14.8x | Revenue / average property, plant and equipment. |
| Receivables turnover | 40.1x | Revenue / average receivables. |
| Days sales outstanding | 9 days | 365 x average receivables / revenue. |
| Days payables | 50 days | 365 x average accounts payable / cost of revenue. |
| FCF conversion | 888.0% | Free cash flow / net income, when net income is positive. |
| Capex / operating cash flow | 14.6% | Capital expenditures / cash from operations, when that is positive. |
Per share
| Metric | Value | How it is calculated |
|---|---|---|
| EPS, diluted | $0.10 | Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS. |
| Revenue per share | $4.62 | Revenue / diluted weighted shares. |
| FCF per share | $0.87 | Free cash flow / diluted weighted shares. |
| Operating cash flow per share | $1.02 | Cash from operations / diluted weighted shares. |
| Book value per share | $0.76 | Shareholders' equity / shares outstanding (diluted weighted shares when not reported). |
| Tangible book per share | -$0.17 | Tangible book value / shares outstanding. |
| Cash per share | $1.00 | (Cash + short-term investments) / shares outstanding. |
| Buybacks / FCF | 99.6% | Share buybacks / free cash flow, when free cash flow is positive. |
Valuation
| Metric | Value | How it is calculated |
|---|---|---|
| Market cap | $962.5M | Share price x shares outstanding. |
| Enterprise value | $795.3M | Market cap + total debt - cash - short-term investments. |
| P/E | 57.1x | Market cap / net income. Only when net income is positive. |
| P/S | 1.21x | Market cap / revenue. |
| P/B | 7.57x | Market cap / shareholders' equity. Only when equity is positive. |
| P/FCF | 6.43x | Market cap / free cash flow. Only when free cash flow is positive. |
| P/OCF | 5.49x | Market cap / cash from operations, when positive. |
| EV/Sales | 1.00x | Enterprise value / revenue. |
| EV/EBIT | 24.5x | Enterprise value / operating income, when both are positive. |
| EV/FCF | 5.31x | Enterprise value / free cash flow, when both are positive. |
| FCF yield | 15.5% | Free cash flow / market cap. |
| Earnings yield | 1.8% | Net income / market cap (the inverse of P/E). |
| Shareholder yield | 15.5% | (Dividends paid + share buybacks) / market cap. |
What was LEGALZOOM.COM, INC.'s revenue in fiscal 2025?
LEGALZOOM.COM, INC. reported revenue of $756.0M for fiscal 2025, 10.9% higher than the year before.
Was LEGALZOOM.COM, INC. profitable in fiscal 2025?
Yes. Net income was $15.4M, a net margin of 2%.
How much free cash flow did LEGALZOOM.COM, INC. generate in fiscal 2025?
Cash from operations of $178.2M minus capital expenditures of $30.3M left free cash flow of $147.9M.