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Legalzoom.com, Inc. (LZ) stock

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NASDAQ: LZ Nasdaq Internet Services & Infrastructure Next results ~November 4, 2026

B Fundamentals grade

Legalzoom.com, Inc. is a US-listed company in the internet services & infrastructure industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$8.4

Cash-flow model

Base case. Range ~$6.5–$11 across our lower- and higher-growth cases (4.9%–14.9% a year).

Price vs value

Modestly undervalued

The price is inside our value range, 19% below our base value.

Price used: $6.76, November 3, 2026

Legalzoom.com, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders1 buying, 2 selling1 purchase and 10 sales by directors and officers, last 12 monthsInsider trades
  • Funds117 adding, 136 cuttingOf 50 active managers that changed their stake, 22 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Legalzoom.com files

Where Legalzoom.com stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $792m, up 12.3% on a year earlier, slower than the 12.9% growth a quarter earlier. Free-cash-flow margin held at 18.9%. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 2 of our 3 financial-health checks. Our cash-flow model value is $8.73 a share, against a share price of $6.67. At that price, our model says the market is pricing in about 10.8% a year of cash-flow growth for five years, faster than the 6.6% a year revenue growth it has delivered.

Source: 10-Q filed August 5, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 4, 2026 (estimated)

Legalzoom.com, Inc.'s trailing-twelve-month revenue grew 12.3% year on year, with a free-cash-flow margin of 18.9%. Where it stands out: days sales outstanding of 9 days ranks 2 of 14 internet services & infrastructure companies we cover.

Our discounted-cash-flow model values the business at ~$8.4 per share in the base case (~$6.5–$11 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 14.4% while net income fell 41.4%: a 56pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Priced below our value. The share price of $6.93 is 21% below our value per share of $8.
  • Net cash. Cash exceeds long-term debt by $0.2bn.

Things to watch

  • Results due soon. Results are expected around 4 November; the share price can move sharply on the day.
  • High earnings multiple. The shares trade at 75 times the last 12 months' earnings, so expectations are demanding.
  • Volatile shares. Over the past year the shares showed annualised volatility of 60% and a beta of 0.5 against the S&P 500.
  • Heavily shorted. 11.1% of the shares available to trade are sold short (4.7 days of average volume to cover).
  • Missing expectations. Earnings per share fell short of the consensus estimate in 3 of the last four quarters.

Latest results: FY2026 Q2

Filed August 5, 2026
Earnings per share
$0.16 against an average estimate of $0.15: beat by 7.0%
Revenue
$205m, up 6.6% on a year earlier
Share reaction
-32.6% in the first session after the results on August 5, 2026, against -0.4% for the S&P 500
Guidance given
revenue $795m to $805m (full year ending December 31, 2026); adjusted EBITDA $190m to $195m (full year ending December 31, 2026)
Next report
November 4, 2026; average EPS estimate $0.20

Legalzoom.com's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-2.4%
  • 1 week+2.8%
  • 1 month+20.8%
  • This year-30.2%
  • 1 year-33.0%
  • 5 years-74.6%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$792M
Operating margin
4.1%
Net margin
2.1%
EPS (TTM, diluted)
$0.09

Growth

Revenue growth
+12.3%
Change in growth rate
−0.6 pts
Share count change
+1.8%

Cash

Free cash flow (TTM)
$150M
FCF margin
18.9%
Stock pay % of revenue
12.4%

Earnings

Last results
August 5, 2026
Next results (est.)
November 4, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Insider trade
  2. Results
  3. Guidance

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Legalzoom.com, Inc. valuation models and calculator

What the price is pricing in

The share price implies about 10.6% a year of cash-flow growth for five years.That is close to the 6.6% a year revenue growth Legalzoom.com has delivered.

  • Priced in10.6%
  • Last 12 months12.3%
  • 3 years a year7.6%
  • 5 years a year6.6%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($6.75, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Hold12-month view
12-month price target
~$8.4
Price used
$6.75close November 3, 2026
Implied change
▲ +24%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Legalzoom.com, Inc.'s free cash flow after stock-based pay with after-tax interest added back ($35.6M, FY2026 Q2 TTM), growing 5% and 8.2% in the next two years (forecasts, guidance and its record), then back to 9.9% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$6.5–~$11 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Legalzoom.com, Inc.'s free cash flow after stock-based pay ( $35.6M, FY2026 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Legalzoom.com, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 9.9%: the 10-year Treasury yield (4.9%) plus a beta of 1.09 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$8.4 ~$6.5–$11 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$13 ~$10–$23 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$0.1 ~$0.0–$0.1 Left out: out of range vs price (0.01x)
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$10 ~$8.4–$13 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Legalzoom.com, Inc. with Internet Services & Infrastructure in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −24%
  • Revenue growth 5 points higher ▲ +31%
  • Free-cash-flow margin 1 point lower ▼ −5%
  • Last year's free-cash-flow margin change, if it persists ▲ +2%
  • Discount rate 1 point higher ▼ −15%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $4$5$7$9$11$14
8.5% $3$4$5$7$8$11
10% $3$4$4$5$7$8

Valuation multiples over time Market data may be delayed

At fiscal year end 20212022202320242025Now
Share price$16.07$7.74$11.30$7.51$9.93$6.93
Market value$2.6bn$1.5bn$2.2bn$1.4bn$1.8bn$1.3bn
+ Net debt (− = net cash)−$239m−$189m−$226m−$142m−$203m−$167m
Enterprise value$2.4bn$1.3bn$2.0bn$1.2bn$1.6bn$1.1bn
Multiples
Price / sales 4.5x2.4x3.3x2.0x2.4x1.6x
Price / earnings ——157.4x45.8x118.9x74.6x
Price / free cash flow 61.2x29.3x23.7x13.7x12.4x8.4x
EV / EBITDA ——47.8x18.8x26.6x—

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

41 /100

Weak moat

How hard Legalzoom.com's competitive advantage looks for rivals to wear away, judged from 6 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median 0.6% of total assets over 6 years.

  • Pricing power 20 / 20

    Gross margin has been a median 65.7%, moving by 1.1 percentage points (standard deviation) across 6 years.

  • Durability 0 / 20

    Operating margin has been a median 2.0%; its worst year was -14.7%.

  • Cash conversion 17 / 20

    Free cash flow was positive in 6 of 6 years, at a median 14.3% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (46 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 4, 2026, after the close. Analysts expect revenue of $194m and EPS of $0.20 (range $0.16 to $0.23) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $0.71 +15% $800m +6%
Next $0.81 +13% $836m +5%

Next year's EPS estimate has moved −2.0% in 90 days, across 7 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −2.0% on 90 days ago. In the last 30 days, 1 analyst raised Legalzoom.com, Inc.'s forecast and 5 cut it.

Consensus EPS forecast Legalzoom.com, Inc., last 90 days
$0.70 $0.75 $0.80 $0.85 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $0.73 Current fiscal year, 60 days ago: $0.71 Current fiscal year, 30 days ago: $0.71 Current fiscal year, 7 days ago: $0.71 Current fiscal year, Now: $0.71 $0.71 Next fiscal year, 90 days ago: $0.82 Next fiscal year, 60 days ago: $0.81 Next fiscal year, 30 days ago: $0.81 Next fiscal year, 7 days ago: $0.81 Next fiscal year, Now: $0.81 $0.81

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $0.73$0.82
60 days ago $0.71$0.81
30 days ago $0.71$0.81
7 days ago $0.71$0.81
Now $0.71$0.81

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.15 $0.16 +7.0%
Mar 2026 $0.13 $0.12 −8.1%
Dec 2025 $0.18 $0.17 −4.2%
Sept 2025 $0.19 $0.17 −8.9%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 5, 2026
  • Revenue full year ending December 31, 2026 $795m to $805m Lowered
    “Revenue is expected to be in the range of $795 million to $805 million, or 6% year-over-year growth at the midpoint.” source
  • Revenue third quarter ending September 30, 2026 $192m to $196m New
    “Revenue in the range of $192 million to $196 million, or 2% year-over-year growth at the midpoint.” source
  • Adjusted EBITDA full year ending December 31, 2026 $190m to $195m Non-GAAP Lowered
    “Adjusted EBITDA is expected to be in the range of $190 million to $195 million, reflecting 12% year-over-year growth at the midpoint, and a 24% margin.” source
  • Adjusted EBITDA third quarter ending September 30, 2026 $49m to $51m Non-GAAP New
    “Adjusted EBITDA in the range of $49 million to $51 million, an 8% year-over-year increase at the midpoint, and a 26% margin.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Legalzoom.com, Inc.'s revenue by +5.0% next year and +8.2% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+3.2%, weight 53%) , management guidance (+3.2%, weight 20%) and the company's own record (+9.9%, weight 27%) . How the weights are set.

Analyst recommendations

8 analysts, Oct 2026
Buy225%
Hold675%
Sell00%

Monthly trend

  1. Oct 2026268
  2. Sep 2026268
  3. Aug 2026268
  4. Jul 20261348

Counts of recommendations published by analysts covering Legalzoom.com, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
11.1%
of tradable shares
Days to cover
4.69
at average volume
Short interest, 1 month
+11%
to October 15, 2026
Held by institutions
97%
of shares
Held by insiders
5.1%
of shares
Employees
1,196
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −30.5%

$9.97 on October 31, 2025 to $6.93

ThenNowEffect
Revenue (last 12 months) $706m $792m +12.3%
Net margin 4.1% 2.1% −47.8%
P/E multiple 61.8x 74.6x +20.8%
Share count 178m 181m −1.8%

Biggest factor: net margin.

Last 3 years −34.4%

$10.56 on November 3, 2023 to $6.93

ThenNowEffect
Revenue (last 12 months) $637m $792m +24.5%
P/S multiple 3.2x 1.6x −50.6%
Share count 194m 181m +6.7%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 20222023202420252026 to date
Return
LZ−52%+46%−34%+32%−30%
Industry peers (median)−81%+44%−15%−12%−30%
S&P 500−18%+26%+25%+18%+11%
Months that ended higher
LZ17%50%42%50%36%
S&P 50042%67%75%75%46%
Largest fall from a high during the year
LZ−56%−37%−59%−36%−48%
S&P 500−25%−10%−8%−19%−9%

Worst fall since June 30, 2021: 86% from August 10, 2021 to August 12, 2026. Getting back needed a 634% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$5.43 – $10.93
From 52-week high
−36.6%
vs 50-day average
+13.1%
vs 200-day average
+6.1%
Volatility (1 year)
61%
Beta vs S&P 500
0.47

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±16.1%
After a week
7 up, 5 down
typical move ±14.1%
After a month
6 up, 6 down
typical move ±14.8%
Results releasedNext dayS&P 500 next day5 days21 days
August 5, 2026 −32.6% −0.4% −35.4% −23.8%
May 6, 2026 −9.5% +1.1% −11.9% −14.5%
February 19, 2026 −5.9% +0.5% +0.6% −11.2%
November 5, 2025 +10.2% −0.7% +3.5% −5.4%
August 7, 2025 +28.3% +0.7% +24.6% +20.9%
May 7, 2025 +23.2% +1.1% +26.5% +26.1%
February 26, 2025 +11.3% −1.5% +14.0% +2.1%
February 10, 2025 +2.2% +0.8% +0.9% +0.9%
November 6, 2024 +22.0% +3.3% +8.5% +8.5%
August 7, 2024 −0.5% +1.6% −4.9% +9.4%
July 10, 2024 −24.2% +0.1% −17.6% −25.6%
May 7, 2024 −23.0% +0.1% −20.3% −29.7%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Legalzoom.com, Inc.’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 3, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: fundamentals grade B (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: the shares trade below our fair value: a collar caps upside the model expects.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Legalzoom.com, Inc. in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Legalzoom.com, Inc.
$600M $650M $700M $750M $800M FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $648.7M Revenue (TTM), FY23 Q4: $660.7M Revenue (TTM), FY24 Q1: $669M Revenue (TTM), FY24 Q2: $677.5M Revenue (TTM), FY24 Q3: $678.8M Revenue (TTM), FY24 Q4: $681.9M Revenue (TTM), FY25 Q1: $690.8M Revenue (TTM), FY25 Q2: $705.9M Revenue (TTM), FY25 Q3: $727.5M Revenue (TTM), FY25 Q4: $756M Revenue (TTM), FY26 Q1: $779.7M Revenue (TTM), FY26 Q2: $792.5M $792.5M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $648.7M
FY23 Q4 $660.7M
FY24 Q1 $669M
FY24 Q2 $677.5M
FY24 Q3 $678.8M
FY24 Q4 $681.9M
FY25 Q1 $690.8M
FY25 Q2 $705.9M
FY25 Q3 $727.5M
FY25 Q4 $756M
FY26 Q1 $779.7M
FY26 Q2 $792.5M
Revenue growth, TTM YoY Legalzoom.com, Inc.
0% 5% 10% 15% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 5.4% Revenue growth, TTM YoY, FY23 Q4: 6.6% Revenue growth, TTM YoY, FY24 Q1: 6.1% Revenue growth, TTM YoY, FY24 Q2: 6.4% Revenue growth, TTM YoY, FY24 Q3: 4.6% Revenue growth, TTM YoY, FY24 Q4: 3.2% Revenue growth, TTM YoY, FY25 Q1: 3.3% Revenue growth, TTM YoY, FY25 Q2: 4.2% Revenue growth, TTM YoY, FY25 Q3: 7.2% Revenue growth, TTM YoY, FY25 Q4: 10.9% Revenue growth, TTM YoY, FY26 Q1: 12.9% Revenue growth, TTM YoY, FY26 Q2: 12.3% 12.3%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 5.4%
FY23 Q4 6.6%
FY24 Q1 6.1%
FY24 Q2 6.4%
FY24 Q3 4.6%
FY24 Q4 3.2%
FY25 Q1 3.3%
FY25 Q2 4.2%
FY25 Q3 7.2%
FY25 Q4 10.9%
FY26 Q1 12.9%
FY26 Q2 12.3%
Operating margin (TTM) Legalzoom.com, Inc.
2% 3% 4% 5% 6% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 2.9% Operating margin (TTM), FY23 Q4: 3.2% Operating margin (TTM), FY24 Q1: 4.0% Operating margin (TTM), FY24 Q2: 3.4% Operating margin (TTM), FY24 Q3: 4.3% Operating margin (TTM), FY24 Q4: 5.2% Operating margin (TTM), FY25 Q1: 5.7% Operating margin (TTM), FY25 Q2: 5.0% Operating margin (TTM), FY25 Q3: 3.5% Operating margin (TTM), FY25 Q4: 3.3% Operating margin (TTM), FY26 Q1: 2.4% Operating margin (TTM), FY26 Q2: 4.1% 4.1%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 2.9%
FY23 Q4 3.2%
FY24 Q1 4.0%
FY24 Q2 3.4%
FY24 Q3 4.3%
FY24 Q4 5.2%
FY25 Q1 5.7%
FY25 Q2 5.0%
FY25 Q3 3.5%
FY25 Q4 3.3%
FY26 Q1 2.4%
FY26 Q2 4.1%
FCF margin (TTM) Legalzoom.com, Inc.
10% 15% 20% 25% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 14.6% FCF margin (TTM), FY23 Q4: 14.0% FCF margin (TTM), FY24 Q1: 14.3% FCF margin (TTM), FY24 Q2: 11.2% FCF margin (TTM), FY24 Q3: 11.5% FCF margin (TTM), FY24 Q4: 14.7% FCF margin (TTM), FY25 Q1: 16.9% FCF margin (TTM), FY25 Q2: 18.5% FCF margin (TTM), FY25 Q3: 21.4% FCF margin (TTM), FY25 Q4: 19.6% FCF margin (TTM), FY26 Q1: 18.9% FCF margin (TTM), FY26 Q2: 18.9% 18.9%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 14.6%
FY23 Q4 14.0%
FY24 Q1 14.3%
FY24 Q2 11.2%
FY24 Q3 11.5%
FY24 Q4 14.7%
FY25 Q1 16.9%
FY25 Q2 18.5%
FY25 Q3 21.4%
FY25 Q4 19.6%
FY26 Q1 18.9%
FY26 Q2 18.9%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Legalzoom.com took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $756M
  2. Other income $7.5M · 1.0%
  3. Cost of revenue $258M · 34.1%
  4. Gross profit $498M · 65.9%
  5. Selling, general and admin $262M · 34.6%
  6. Other operating costs $211M · 28.0%
  7. Operating income $25M · 3.3%
  8. Income tax $17M · 2.3%
  9. Net income $15.4M · 2.0%

Shares of revenue. Source: Legalzoom.com's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained. Other income is income outside operations, such as investment gains.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 408 471 575 620 661 682 756 792
Gross profit 271 316 386 409 421 442 498 529
EBITDA 58 66 −69 −24 41 65 61 —
Operating income 46 49 −85 −42 21 36 25 33
Net income 7 10 −109 −49 14 30 15 17
Diluted EPS $0.04 $0.06 −$0.67 −$0.25 $0.07 $0.16 $0.08 $0.09
Growth (year on year)
Revenue — +15.2% +22.2% +7.8% +6.6% +3.2% +10.9% +12.3%
EBITDA — +13.5% −204.7% — — +58.5% −6.3% —
Operating income — +5.8% −273.9% — — +69.0% −29.8% −7.7%
Net income — — <−999% — — +114.7% −48.5% −41.4%
Diluted EPS — — <−999% — — +128.6% −50.0% −42.4%
Margins
Gross margin 66.5% 67.2% 67.1% 66.0% 63.8% 64.8% 65.9% 66.7%
EBITDA margin 14.3% 14.1% −12.1% −3.8% 6.2% 9.6% 8.1% —
Operating margin 11.3% 10.4% −14.8% −6.7% 3.2% 5.2% 3.3% 4.1%
Net margin 1.8% 2.1% −18.9% −7.9% 2.1% 4.4% 2.0% 2.1%
Free-cash-flow margin 8.4% 17.5% 7.4% 8.3% 14.0% 14.7% 19.6% 18.9%
Cash flow
Cash from operations 53 93 54 74 124 136 178 175
Capital spending 18 11 12 22 32 36 30 26
Free cash flow 34 82 42 52 93 100 148 150
Stock-based pay 5 13 113 80 66 72 114 98
Free cash flow after stock pay 29 70 −70 −29 27 28 34 51
Balance sheet
Cash 49 114 239 189 226 142 203 167
Total debt 0 515 0 0 0 0 0 0
Net debt (negative = net cash) −49 401 −239 −189 −226 −142 −203 −167
Diluted shares 129m 127m 161m 196m 194m 183m 185m 181m
Returned to shareholders
Buybacks 2 5 0 95 55 165 81 149
Total returned 2 5 0 95 55 165 81 149

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 3 checks passed · June 30, 2026
What it owns · $466m
Short-term assets $212mLonger-term assets $254m
What it owes, and who funded it · $466m
Short-term liabilities $318mLonger-term liabilities $21mShareholders' equity $127m
  • Short-term assets cover short-term liabilities $212m of assets due within a year against $318m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $212m short-term assets against $21m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Operating income of $33m against $2m of interest.

From Legalzoom.com, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q2 TTM
Buybacks (TTM)
$149M
Returned to shareholders
100%
of free cash flow
Buybacks, last 3 fiscal years
$300M
Diluted share count
+1.8%
year over year
Total shareholder yield
12.8%
dividends 0.0% + buybacks 12.8% of market value
Days sales outstanding
9 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in internet services & infrastructure
Last 12 months unless stated LZ MARA FSLY RIOT GLBE DOCN Median
Revenue, last 12 months $792m $804m $687m $675m $962m $1.0bn $242m
Revenue growth, last 12 months 12.3% 0.7% 20.4% 24.5% 27.8% 21.4% 8.3%
Revenue growth, 3-year average 7.6% 66.6% 13.6% 38.0% — 15.9% 7.6%
Revenue growth, latest quarter 6.6% −26.7% 23.3% 13.9% — 28.6% 5.5%
Gross margin 66.7% −24.3% 61.5% 62.4% 45.3% 57.2% 49.5%
Operating margin 4.1% −366.3% −12.0% −199.2% 7.4% 14.8% −56.0%
Operating margin, 3-year average 4.2% −95.0% −24.9% −58.8% — 13.8% −25.3%
Net margin 2.1% −429.7% −11.8% −196.3% 7.1% 23.3% −55.8%
Cash from operations / revenue 22.1% −111.3% 17.4% −73.0% 29.5% 30.7% −10.4%
Free-cash-flow margin 18.9% −154.0% 7.4% −115.1% 29.2% 17.3% −25.9%
Free-cash-flow margin, 3-year average 16.2% −126.9% 3.4% −114.1% — 15.0% −17.4%
Stock pay / revenue 12.4% 18.1% 19.7% 20.9% 4.1% 9.4% 11.9%
Change in share count 1.8% 52.5% 7.1% 44.8% 5.2% 14.2% 5.2%

Median of all 34 companies we cover in internet services & infrastructure. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

34 internet services & infrastructure companies
Measure Company Peer median Rank
Revenue growth Growth 12.3% 10.1% 16 of 34
Change in growth rate Growth -0.6pp -0.6pp 17 of 34
Gross margin Profitability 66.7% 61.5% 7 of 16
Operating margin Profitability 4.1% -49.3% 8 of 33
Net margin Profitability 2.1% -47.1% 9 of 34
Free-cash-flow margin Cash generation 18.9% 16.2% 6 of 17
Stock pay as % of revenue Cash generation 12.4% 12.4% 17 of 32
Change in share count Balance sheet 1.8% 5.2% 11 of 26
Days sales outstanding Balance sheet 9 days 48 days 2 of 14

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$1B
Institutions reporting
242
Shares held vs prior quarter
▼ 1.0%
Positions opened / closed
44 / 38

Top buyers and sellers, Q2 2026: 117 institutions bought and 136 sold ; the biggest buyer was Ameriprise Financial Inc (+1.6M shares) and the biggest seller Boston Partners (−2.3M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Francisco Partners Management, LP $175M 28.6M 17.5% 0.0%
Blackrock, Inc. $110M 18.0M 11.0% ▲ 0.4%
Technology Crossover Management Ix, Ltd. $101M 16.4M 10.0% 0.0%
Vanguard Portfolio Management LLC $66.3M 10.8M 6.6% ▼ 4.3%
Vanguard Capital Management LLC $39.7M 6.5M 4.0% ▼ 6.8%
State Street Corp $27.9M 4.6M 2.8% ▲ 3.0%
Renaissance Technologies LLC $24.2M 3.9M 2.4% ▼ 1.7%
Arrowstreet Capital, Limited Partnership $18.6M 3.0M 1.9% ▼ 14.1%
Geode Capital Management, LLC $18.6M 3.0M 1.9% ▲ 4.7%
Dimensional Fund Advisors LP $18.3M 3.0M 1.8% ▼ 4.1%
Punch & Associates Investment Management, Inc. $17.5M 2.9M 1.7% ▲ 6.0%
Acadian Asset Management LLC $17.4M 2.8M 1.7% ▲ 32.5%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Legalzoom.com, Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $768,750 1 trade by 1 insider, last 12 months Insider sales History → $4.2M 10 trades by 2 insiders · 30% under pre-set plans
Net ▼ $3.5M net selling
Insider Date Trade Shares Price Value
Watson Noel Bertram Chief Operating Officer & CFO August 21, 2026 Sell 83,629 $5.83 $487,557
Watson Noel Bertram Chief Operating Officer & CFO August 20, 2026 Sell 416,371 $5.91 $2.5M
Miller Nicole CHIEF LEGAL OFFICER August 18, 2026 Sell pre-set plan 33,479 $5.51 $184,469
Miller Nicole CHIEF LEGAL OFFICER August 17, 2026 Sell pre-set plan 43,996 $5.51 $242,418
Miller Nicole CHIEF LEGAL OFFICER May 19, 2026 Sell pre-set plan 19,199 $6.58 $126,329
Watson Noel Bertram Chief Operating Officer & CFO May 18, 2026 Sell pre-set plan 15,000 $6.45 $96,750
Stibel Jeffrey M Chief Executive Officer May 11, 2026 Buy 125,000 $6.15 $768,750
Miller Nicole CHIEF LEGAL OFFICER February 26, 2026 Sell pre-set plan 23,325 $6.63 $154,645
Watson Noel Bertram Chief Operating Officer & CFO February 18, 2026 Sell pre-set plan 15,000 $6.96 $104,400
Watson Noel Bertram Chief Operating Officer & CFO November 18, 2025 Sell pre-set plan 15,000 $9.56 $143,400
Miller Nicole CHIEF LEGAL OFFICER November 18, 2025 Sell pre-set plan 23,506 $9.63 $226,363

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 3 trades and filings

No trades in Legalzoom.com, Inc. disclosed in the last 12 months; 3 earlier trades on record.

  • Alan S. Lowenthal(D-CA 47):Sale (full), $1,001 - $15,000, traded November 11, 2021, filed November 28, 2021
  • Alan S. Lowenthal(D-CA 47):Purchase, $1,001 - $15,000, traded August 16, 2021, filed August 30, 2021
  • Alan S. Lowenthal(D-CA 47):Purchase, $1,001 - $15,000, traded August 13, 2021, filed August 30, 2021

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around November 4, 2026 estimated from the company's past filing pattern, not announced

  • August 5, 2026
  • May 6, 2026
  • February 19, 2026
  • November 5, 2025
  • August 7, 2025
  • May 7, 2025

Recent SEC filings

Data status

When each part of this page on Legalzoom.com, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Legalzoom.com, Inc. in brief

What does Legalzoom.com, Inc. do?
Legalzoom.com, Inc. is a US-listed company in the internet services & infrastructure industry. Its financial year ends in December.
What is Legalzoom.com, Inc.'s stock ticker?
Legalzoom.com, Inc. trades under the ticker LZ on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Legalzoom.com, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Legalzoom.com, Inc. reported revenue of $792M, 12.3% higher than a year earlier, according to its SEC filings.
What is Legalzoom.com, Inc.'s free cash flow?
Legalzoom.com, Inc.'s free-cash-flow margin is 18.9% of revenue over the trailing twelve months, ranking 6 of the 17 internet services & infrastructure companies we cover.
What is Legalzoom.com, Inc.'s fair value (intrinsic value) per share?
Our discounted-cash-flow model of Legalzoom.com, Inc.'s free cash flow after stock-based pay gives ~$8.4 per share in the base case, and ~$6.5–$11 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Legalzoom.com, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Francisco Partners Management, LP, Blackrock, Inc. and Technology Crossover Management Ix, Ltd. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Legalzoom.com, Inc. buying back stock, and does it pay a dividend?
Legalzoom.com, Inc. spent $149M on share repurchases over the trailing twelve months, and its diluted share count still rose 1.8% over the year.
What is Legalzoom.com, Inc.'s market cap?
On November 2, 2026, Legalzoom.com, Inc.'s market capitalisation was about $1.3B, with a price-to-earnings ratio of 74.6 and net debt of -$167M. Market figures come from third-party market data and may be delayed.
Who are Legalzoom.com, Inc.'s competitors?
In our Internet Services & Infrastructure peer group, the companies closest to Legalzoom.com, Inc. are Mara Holdings, Inc., Fastly, Inc., Riot Platforms, Inc., Global-e Online Ltd. and Digitalocean Holdings, Inc. The side-by-side comparison below sets their revenue, margins and growth against Legalzoom.com, Inc.'s.
Are insiders buying or selling Legalzoom.com, Inc. stock?
Over the last 12 months, Legalzoom.com, Inc.'s directors and officers reported 1 open-market purchases and 10 sales on Form 4. The insider trading page charts every trade.
When is Legalzoom.com, Inc.'s next earnings date?
Around November 4, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Legalzoom.com, Inc. announces its own schedule.