LegalZoom.com (LZ) financial statements
LegalZoom.com reported revenue of $756M in fiscal 2025, up 10.8% a year over 6 years.
Net income was $15M and the operating margin 3.3%, against 11.3% in 2019.
Free cash flow was $148M, and the company returned $81M in net buybacks.
The diluted share count rose 44% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from LegalZoom.com's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $408M | $471M | $575M | $620M | $661M | $682M | $756M |
| Cost of revenue | $137M | $155M | $189M | $211M | $239M | $240M | $258M |
| Gross profit | $271M | $316M | $386M | $409M | $421M | $442M | $498M |
| Operating income | $46M | $49M | -$85M | -$42M | $21M | $36M | $25M |
| Interest expense | $39M | $36M | $28M | $260,000 | $493,000 | $446,000 | $1M |
| Pre-tax income | $10M | $12M | -$120M | -$48M | $31M | $43M | $32M |
| Income tax | $3M | $2M | -$11M | $1M | $18M | $13M | $17M |
| Net income | $7M | $10M | -$109M | -$49M | $14M | $30M | $15M |
| EPS (diluted) | $0.04 | $0.06 | -$0.67 | -$0.25 | $0.07 | $0.16 | $0.08 |
| Diluted shares | 129M | 127M | 161M | 196M | 194M | 183M | 185M |
| Gross margin | 66.5% | 67.2% | 67.1% | 66.0% | 63.8% | 64.8% | 65.9% |
| Operating margin | 11.3% | 10.4% | -14.8% | -6.7% | 3.2% | 5.2% | 3.3% |
| Net margin | 1.8% | 2.1% | -18.9% | -7.9% | 2.1% | 4.4% | 2.0% |
Balance sheet
Fiscal years, from LegalZoom.com's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $49M | $114M | $239M | $189M | $226M | $142M | $203M |
| Receivables | — | $9M | $11M | $13M | $12M | $9M | $21M |
| Total current assets | — | $134M | $267M | $242M | $275M | $191M | $242M |
| Property, plant and equipment | — | $51M | $47M | $31M | $48M | $60M | $58M |
| Goodwill | $10M | $11M | $60M | $63M | $63M | $63M | $141M |
| Total assets | — | $252M | $431M | $405M | $448M | $374M | $512M |
| Total current liabilities | — | $200M | $229M | $249M | $264M | $266M | $319M |
| Long-term debt | — | $512M | $0 | — | — | — | — |
| Total liabilities | — | $732M | $233M | $263M | $279M | $281M | $340M |
| Shareholders' equity | -$557M | -$551M | $198M | $142M | $169M | $93M | $172M |
| Net debt | -$49M | $401M | -$239M | -$189M | -$226M | -$142M | -$203M |
Cash flow
Fiscal years, from LegalZoom.com's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | $53M | $93M | $54M | $74M | $124M | $136M | $178M |
| Capital spending | $18M | $11M | $12M | $22M | $32M | $36M | $30M |
| Free cash flow | $34M | $82M | $42M | $52M | $93M | $100M | $148M |
| Stock-based compensation | $5M | $13M | $113M | $80M | $66M | $72M | $114M |
| Share buybacks (net) | -$2M | -$5M | $0 | -$95M | -$55M | -$165M | -$81M |
| Free cash flow margin | 8.4% | 17.5% | 7.4% | 8.3% | 14.0% | 14.7% | 19.6% |
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Open LZ in InvestinglyQuestions
What was LegalZoom.com's revenue in 2025?
$756M in fiscal 2025, from its 10-K filing.
How much free cash flow does LegalZoom.com generate?
$148M in fiscal 2025 (operating cash flow minus capital spending).
From LegalZoom.com's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.