LZ

MKT CAP:$1B

LegalZoom.com, Inc.

Market Cap

$1B

Industrials·Specialty Business Services·🇺🇸 United States·NASDAQ

Industrials·Specialty·🇺🇸·NASDAQ

Stock Price

$6.25-$3.34 (-34.83%)

Apr 23, 2026

Company Details

LegalZoom.com, Inc. operates an online platform for legal and compliance solutions in the United States. The company's platform offers products and services, including business formations, creating estate planning documents, protecting inte...

CEO

Jeffrey Stibel

IPO Date

Jun 30, 2021

Website

www.legalzoom.com

Key Metrics TTM

Revenue

$756M

+10.9% YoY

Net Income

$15M

EPS (Diluted)

$0.08

Free Cash Flow

$148M

Revenue / Share

$4.15

Gross Margin

65.9%

Operating Margin

3.5%

Net Margin

2.0%

FCF Margin

19.6%

P/S

1.5x

P/E

72.2x

Earnings Reports

Q1 2026

May 6, 2026

PENDING

FY 2025

Feb 23, 2026

$756M+10.9%EPS $0.08

Q4 2025

Feb 23, 2026

$190M+17.7%EPS $0.03

Q3 2025

Nov 5, 2025

$190M+12.8%EPS $0.02

Q2 2025

Aug 7, 2025

$193M+8.5%EPS -$0.00

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 21	$150M	$101M	-$28M
Q3 21	$148M	$101M	-$28M
Q4 21	$142M	$94M	-$26M
Q4 22	$147M	$100M	$6M
Q1 23	$166M	$106M	-$796.0K
Q2 23	$169M	$105M	$5M
Q3 23	$167M	$108M	$10M
Q4 23	$159M	$103M	$7M
Q1 24	$174M	$106M	$5M
Q2 24	$177M	$114M	$1M
Q3 24	$169M	$114M	$16M
Q4 24	$162M	$108M	$13M
Q1 25	$183M	$117M	$9M
Q2 25	$193M	$125M	-$3M
Q3 25	$190M	$128M	$6M
Q4 25	$190M	$129M	$14M

Valuation

Quarter	P/S	P/E
Q2 21	2.1x	—
Q3 21	2.0x	—
Q4 21	1.9x	—
Q4 22	1.9x	—
Q1 23	1.8x	—
Q2 23	1.8x	—
Q3 23	1.7x	95.0x
Q4 23	1.7x	79.8x
Q1 24	1.7x	52.9x
Q2 24	1.6x	53.1x
Q3 24	1.6x	45.5x
Q4 24	1.6x	37.2x
Q1 25	1.6x	36.7x
Q2 25	1.6x	38.7x
Q3 25	1.5x	50.1x
Q4 25	1.5x	72.2x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 21	$9M	$6M
Q3 21	$19M	$17M
Q4 21	-$6M	-$9M
Q4 22	$22M	$16M
Q1 23	$29M	$22M
Q2 23	$45M	$37M
Q3 23	$27M	$19M
Q4 23	$22M	$14M
Q1 24	$34M	$25M
Q2 24	$27M	$17M
Q3 24	$32M	$22M
Q4 24	$43M	$36M
Q1 25	$51M	$41M
Q2 25	$39M	$32M
Q3 25	$54M	$47M
Q4 25	$34M	$28M

Capital Expenditures

Quarter	CapEx
Q2 21	$3M
Q3 21	$2M
Q4 21	$3M
Q4 22	$6M
Q1 23	$7M
Q2 23	$8M
Q3 23	$8M
Q4 23	$8M
Q1 24	$9M
Q2 24	$10M
Q3 24	$10M
Q4 24	$7M
Q1 25	$9M
Q2 25	$8M
Q3 25	$7M
Q4 25	$6M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 21	+35.5%	+77.1%
Q3 21	+12.4%	+56.6%
Q4 21	+16.3%	+57.1%
Q4 22	+9.5%	+2.1%
Q1 23	+10.3%	-6.3%
Q2 23	+14.2%	-6.4%
Q3 23	+17.7%	-6.4%
Q4 23	+7.6%	+6.9%
Q1 24	+5.0%	+1.5%
Q2 24	+5.0%	+7.4%
Q3 24	+0.8%	-3.0%
Q4 24	+1.9%	-2.1%
Q1 25	+5.1%	+2.9%
Q2 25	+8.5%	+11.0%
Q3 25	+12.8%	+20.6%
Q4 25	+17.7%	+18.7%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 21	$45M	29.8%
Q3 21	$38M	25.8%
Q4 21	$26M	18.2%
Q4 22	$16M	10.8%
Q1 23	$16M	9.9%
Q2 23	$19M	11.2%
Q3 23	$16M	9.3%
Q4 23	$15M	9.5%
Q1 24	$15M	8.5%
Q2 24	$19M	10.7%
Q3 24	$16M	9.3%
Q4 24	$22M	13.6%
Q1 25	$30M	16.3%
Q2 25	$31M	15.9%
Q3 25	$28M	14.9%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q2 21	$28M	$34M	$65M
Q3 21	$27M	$28M	$73M
Q4 21	$18M	$31M	$70M
Q4 22	$19M	$27M	$48M
Q1 23	$20M	$27M	$60M
Q2 23	$20M	$27M	$54M
Q3 23	$21M	$25M	$51M
Q4 23	$22M	$28M	$46M
Q1 24	$24M	$23M	$54M
Q2 24	$26M	$27M	$60M
Q3 24	$23M	$28M	$46M
Q4 24	$17M	$31M	$48M
Q1 25	$21M	$39M	$61M
Q2 25	$22M	$37M	$70M
Q3 25	$19M	$34M	$68M
Q4 25	$19M	$33M	$63M

Revenue Segments

Quarter	Reportable Segment
Q1 25	$183M
Q2 25	$193M
Q3 25	$190M
Q4 25	$190M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$248M	$0	$248M
Q2 22	$216M	$0	$216M
Q3 22	$212M	$0	$212M
Q4 22	$189M	$0	$189M
Q1 23	$204M	$0	$204M
Q2 23	$239M	$0	$239M
Q3 23	$212M	$0	$212M
Q4 23	$226M	$0	$226M
Q1 24	$228M	$0	$228M
Q2 24	$119M	$0	$119M
Q3 24	$112M	$0	$112M
Q4 24	$142M	$0	$142M
Q1 25	$210M	$0	$210M
Q2 25	$217M	$0	$217M
Q3 25	$237M	$0	$237M
Q4 25	$203M	$0	$203M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 21	195M	+0.6%	+55.7%
Q3 21	196M	+0.6%	+56.6%
Q4 21	198M	+0.7%	+1.6%
Q4 22	193M	-2.2%	-0.4%
Q1 23	191M	-1.1%	-2.0%
Q2 23	195M	+1.8%	-0.8%
Q3 23	197M	+1.3%	-0.1%
Q4 23	193M	-2.3%	-0.3%
Q1 24	193M	+0.3%	+1.1%
Q2 24	186M	-3.6%	-4.3%
Q3 24	176M	-5.4%	-10.7%
Q4 24	183M	+3.7%	-5.2%
Q1 25	181M	-1.2%	-6.6%
Q2 25	181M	+0.1%	-3.0%
Q3 25	187M	+3.2%	+5.9%
Q4 25	182M	-2.3%	-0.3%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 21	—	—
Q3 21	—	—
Q4 21	$116.7K	1K
Q4 22	$106.6K	1K
Q1 23	$120.0K	1K
Q2 23	$122.1K	1K
Q3 23	$121.0K	1K
Q4 23	$133.3K	1K
Q1 24	$146.4K	1K
Q2 24	$149.0K	1K
Q3 24	$141.7K	1K
Q4 24	$167.7K	964
Q1 25	$189.9K	964
Q2 25	$199.7K	964
Q3 25	$197.3K	964
Q4 25	$159.1K	1K

Revenue / Employee