$LZ

LEGALZOOM.COM, INC.

CIK:0001286139|SEC Filings

Unaudited Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Revenue	$ 205,289	$ 192,509	$ 412,070	$ 375,619
Cost of revenue	65,359	67,398	139,887	133,958
Gross profit	139,930	125,111	272,183	241,661
Operating expenses:
Sales and marketing	78,849	69,580	157,517	130,958
Technology and development	20,047	21,635	39,652	42,957
General and administrative	30,384	36,996	61,600	76,217
Gain on sale of assets held for sale	0	0	0	(14,337)
Total operating expenses	129,280	128,211	258,769	235,795
Income (loss) from operations	10,650	(3,100)	13,414	5,866
Interest expense	(126)	(165)	(802)	(347)
Interest income	1,627	2,069	3,275	3,552
Other (expense) income, net	(3)	652	78	999
Income (loss) before income taxes	12,148	(544)	15,965	10,070
Provision for (benefit from) income taxes	6,965	(278)	9,678	5,209
Net income (loss)	$ 5,183	$ (266)	$ 6,287	$ 4,861
Net income (loss) per share — basic (in dollars per share)	$ 0.03	$ 0	$ 0.04	$ 0.03
Net income (loss) per share — diluted (in dollars per share)	$ 0.03	$ 0	$ 0.04	$ 0.03
Weighted-average shares used to compute net income (loss) per share — basic (in shares)	170,189	180,880	175,568	178,837
Weighted-average shares used to compute net income (loss) per share — diluted (in shares)	171,641	180,880	177,627	182,694

Unaudited Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities
Net income	$ 6,287	$ 4,861
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	22,411	21,745
Amortization of right-of-use assets	1,887	1,484
Amortization of debt issuance costs	95	112
Stock-based compensation	44,910	60,394
Deferred income taxes	7,825	(5,725)
Change in fair value of other equity security	0	(302)
Unrealized foreign exchange loss	248	31
Gain on sale of assets held for sale	0	(14,337)
Gain on sale of available-for-sale debt security	0	(648)
Loss on disposal of property and equipment	15	97
Changes in operating assets and liabilities, net of effects of business combination:
Accounts receivable	828	(14,254)
Prepaid expenses and other current assets	(6,979)	3,726
Other assets	522	83
Accounts payable	8,698	4,454
Accrued expenses and other liabilities	(15,566)	(697)
Operating lease liabilities	(1,852)	(1,056)
Income tax payable	15	239
Deferred revenue	17,485	29,635
Net cash provided by operating activities	86,829	89,842
Cash flows from investing activities
Acquisition, net of cash acquired	0	(48,468)
Proceeds from sale of assets held for sale	0	37,051
Proceeds from sale of available-for-sale debt security	0	1,507
Purchase of property and equipment	(12,165)	(16,908)
Net cash used in investing activities	(12,165)	(26,818)
Cash flows from financing activities
Payment of deferred consideration from business acquisition	(12,514)	0
Proceeds from issuance of stock under employee stock plans	518	44,657
Repayment of capital lease obligations	0	(2)
Share repurchase costs (excise tax)	0	(1,264)
Repurchase of common stock	(89,010)	(20,419)
Shares surrendered for settlement of minimum statutory tax withholding	(9,459)	(11,172)
Net cash (used in) provided by financing activities	(110,465)	11,800
Effect of exchange rate changes on cash and cash equivalents	(72)	147
Net (decrease) increase in cash and cash equivalents	(35,873)	74,971
Cash and cash equivalents, at beginning of the period	203,100	142,064
Cash and cash equivalents, at end of the period	167,227	217,035
Non-cash operating, investing, and financing activities:
Acquisition-related deferred consideration	101	13,058
Accrued stock repurchase excise tax	730	0
Issuance of common stock for business acquired	0	20,048
Purchase of property and equipment included in accounts payable and accrued expenses and other current liabilities	1,532	1,029
Capitalized stock-based compensation	2,570	2,920
Right-of-use assets obtained in exchange of operating lease liabilities (excluding right-of-use assets acquired as part of business acquisition)	2,623	4,059
Cash paid during the period for:
Interest on deferred consideration for business acquisition	$ 626	$ 0

Unaudited Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 167,227	$ 203,100
Accounts receivable, net of allowances of $3,300 and $2,281, respectively	19,759	20,589
Prepaid expenses and other current assets	25,187	18,234
Total current assets	212,173	241,923
Property and equipment, net	53,540	58,045
Goodwill	140,705	140,705
Intangible assets, net	14,932	18,152
Operating lease right-of-use assets	14,150	13,414
Deferred income taxes	24,095	31,884
Other assets	6,764	7,399
Total assets	466,359	511,522
Current liabilities:
Accounts payable	35,875	27,167
Accrued expenses and other current liabilities	56,055	83,361
Deferred revenue	221,180	203,653
Operating lease liabilities	5,003	4,338
Total current liabilities	318,113	318,519
Operating lease liabilities, non-current	10,133	10,025
Deferred revenue	234	277
Other liabilities	10,723	10,819
Total liabilities	339,203	339,640
Commitments and contingencies (Note 6)
Stockholders’ equity:
Preferred stock, $0.001 par value; 100,000 shares authorized at June 30, 2026 and December 31, 2025, none issued or outstanding at June 30, 2026 and December 31, 2025	0	0
Common stock, $0.001 par value; 1,000,000 shares authorized; 167,451 shares and 177,624 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively	169	179
Additional paid-in capital	1,344,473	1,305,936
Accumulated deficit	(1,217,855)	(1,134,414)
Accumulated other comprehensive income	369	181
Total stockholders’ equity	127,156	171,882
Total liabilities and stockholders’ equity	$ 466,359	$ 511,522