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DCF valuation

What is Legalzoom.Com, Inc. worth?

With the base-case assumptions below, a discounted cash flow model on Legalzoom.Com, Inc.'s reported free cash flow gives $23.69 per share. The share price was $4.60 on November 10, 2026, 81% below that value.

Inputs from the filings

Free cash flow, fiscal 2025
$147.9M
Average free cash flow, last 5 years
$86.9M
Cash
$181.7M
balance sheet of September 30, 2026
Debt
$0
not reported, counted as 0
Diluted shares, fiscal 2025
184,690,000
Revenue growth per year, last 4 years
12.6%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear7.5%5.0%2.0%10.0%$15.05+227%
Base12.5%7.5%2.5%9.0%$23.69+416%
Bull17.5%10.5%3.0%8.0%$40.92+790%

Sensitivity: base case value per share

Discount rate down the side, growth after year 10 across the top. Everything else as in the base case.

1.5%2.0%2.5%3.0%3.5%
7.0%$30.31$32.35$34.86$37.99$42.02
8.0%$25.35$26.68$28.25$30.13$32.44
9.0%$21.74$22.64$23.69$24.92$26.36
10.0%$18.99$19.64$20.37$21.21$22.17
11.0%$16.84$17.32$17.85$18.44$19.12

Where the presets come from

Base: years 1 to 5 grow at Legalzoom.Com, Inc.'s revenue growth rate over the last 4 fiscal years (12.6% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.

Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.

Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.

This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.

Adjust the assumptions

Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.

Adjust the assumptions

Legalzoom.Com, Inc. company page