Welcome to our dedicated page for Legalzoom.Com news (Ticker: LZ), a resource for investors and traders seeking the latest updates and insights on Legalzoom.Com stock.
LegalZoom.com, Inc. (Nasdaq: LZ) is a leading online platform providing comprehensive legal, tax, accounting, and compliance solutions tailored for small businesses and families in the United States. Since its inception over 15 years ago, LegalZoom has assisted more than three million Americans in navigating the complexities of legal and financial tasks. The company’s services encompass business formations, compliance and tax advice, estate plans, trademark filings, business licenses, accounting, virtual mailbox, and e-signature solutions.
Recent developments highlight LegalZoom’s ongoing commitment to supporting entrepreneurs. In November 2023, the company announced a Secondary Offering of 15,099,993 shares of common stock by LucasZoom, LLC, an affiliate of Permira Advisers LLC. Though LegalZoom is not directly offering shares in this transaction, it underscores the confidence investors have in the company's growth trajectory.
The company recently introduced the Beneficial Ownership Information Report service, aimed at ensuring compliance with the new Corporate Transparency Act. This service helps business owners avoid severe penalties associated with non-compliance by streamlining the filing process with the Financial Crimes Enforcement Network (FinCEN).
LegalZoom also announced partnerships with NBA Champion Giannis Antetokounmpo and WNBA Champion Kelsey Plum to support the Fast Break for Small Business grant program. This initiative, launched in collaboration with the NBA, WNBA, and NBA G-League, aims to distribute $3 million in grants and services to small business owners and aspiring entrepreneurs.
Financially, LegalZoom demonstrated strong performance in the fourth quarter of 2023, with significant revenue growth and an increase in Adjusted EBITDA margin, reflecting operational efficiencies. The company continues to invest in technology and expand its service offerings, ensuring robust support for its growing base of small business customers.
Looking ahead, LegalZoom is poised to maintain its leadership in online legal solutions by continuously enhancing its platform and broadening its ecosystem of services. With a mission to make legal and financial expertise accessible to all, LegalZoom empowers entrepreneurs to transform their business dreams into reality.
LegalZoom (LZ) reported strong Q4 and full-year 2024 results, with revenue reaching $161.7 million in Q4 (up 2% YoY) and subscription revenue of $436.2 million for the full year (up 6% YoY). The company achieved significant profitability improvements with full-year net income of $30.0 million, up 115% YoY, and Adjusted EBITDA of $148.1 million, up 25% YoY.
Q4 highlights include subscription revenue of $108.7 million, transaction revenue of $53.0 million, and net income of $12.9 million. The company maintains a strong financial position with $142.1 million in cash and no debt. For 2025, LegalZoom projects approximately 5% revenue growth and an Adjusted EBITDA margin of 23%. The company recently acquired Formation Nation to support its growth strategy.
LegalZoom (Nasdaq: LZ) has announced its participation in two major investor conferences in March 2025. Jeff Stibel, Chairman and CEO, and Noel Watson, COO and CFO, will represent the company at both events.
The management team will attend the Citizens JMP Technology Conference in San Francisco on March 3rd, where they will participate in a fireside chat at 9:00 a.m. PT and host investor meetings. The following day, March 4th, they will attend the Morgan Stanley Technology, Media & Telecom Conference, also in San Francisco, to host meetings with investors.
A live audio webcast and replay of the Citizens JMP Technology Conference presentation will be available on LegalZoom's Investor Relations website. LegalZoom is a leading online platform for business formation in the United States, focusing on providing comprehensive legal and compliance products through user-friendly technology to support small business owners throughout their entrepreneurial journey.
LegalZoom (LZ) has acquired Formation Nation for $49.3 million in cash upfront, 2.2 million restricted shares, and a $15.4 million cash holdback. Formation Nation operates through two brands: Nevada Corporate Headquarters (NCH) and Inc Authority, providing business formation and compliance services.
The acquisition aims to enhance LegalZoom's customer service capabilities by integrating Formation Nation's 140+ seasoned experts and leveraging their high TrustPilot scores of 4.9-5.0. The deal supports LegalZoom's customer segmentation strategy, with Inc Authority serving the lower-priced DIY segment while maintaining LegalZoom as a premium brand.
LegalZoom also announced preliminary Q4 2024 results with revenue of $161.7M, net income of $12.9M, and Adjusted EBITDA of $44.2M. Full-year 2024 estimates show revenue of $681.9M, net income of $30.0M, and Adjusted EBITDA of $148.1M. The acquisition is expected to positively impact Adjusted EBITDA and be accretive to Adjusted EPS in the first year.
LegalZoom (Nasdaq: LZ) has scheduled its Fourth Quarter and Full Year 2024 financial results announcement for Wednesday, February 26, 2025, after market close. The company will hold a conference call and webcast at 4:30 p.m. ET, featuring Chairman and CEO Jeff Stibel and COO/CFO Noel Watson.
As a leading online platform for business formation in the United States, LegalZoom provides comprehensive legal and compliance products along with professional advisory services to support small business owners. The company focuses on making legal and financial expertise accessible and affordable through technology-driven solutions.
LegalZoom (LZ) has announced a multi-year strategic partnership with 1-800Accountant to provide full-service bookkeeping and tax solutions for small business owners. The service will launch by January 2025, integrating 1-800Accountant's tax expertise into LegalZoom's ecosystem.
The partnership addresses key findings from a recent LegalZoom customer survey, which identified tax management, liability protection, and legitimacy as primary motivations for business formation. The collaboration aims to streamline tax preparation processes through expert CPAs and technology, helping business owners maximize tax savings and maintain compliance.
The agreement includes minimum lead requirements and corresponding minimum annual revenue commitments over the multi-year term.
LegalZoom (Nasdaq:LZ) is urging small business owners to file for trademark registration before the USPTO increases filing fees on January 18, 2025. The company highlights the growing importance of intellectual property protection in the age of AI, where copying branding elements has become easier.
Through its law firm LZ Legal Services, LegalZoom offers attorney-led trademark services for $649, approximately 75% less than traditional attorney fees averaging $2,500. Analysis of five-year customer data shows increased trademark applications, particularly in education, entertainment, advertising, business, and clothing sectors, which represent 44% of filed applications since 2019.
LegalZoom (Nasdaq: LZ) has announced its participation in the Barclays 22nd Annual Global Technology Conference on December 11, 2024. Chairman and CEO Jeff Stibel and COO/CFO Noel Watson will conduct a fireside chat starting at 2:30 p.m. PT.
The event will be accessible via live audio webcast and replay on LegalZoom's Investor Relations website. LegalZoom operates as a leading online platform for business formation in the United States, focusing on providing comprehensive legal and compliance products through user-friendly technology. The company supports millions of small business owners with services ranging from free business formations to professional advisory services.
LegalZoom (LZ) announces expanded partnership with Defy Ventures, committing $100,000 in 2025 to support mental health and wellbeing programs for incarcerated and formerly incarcerated individuals. The funding will enhance trauma-informed curriculum, expand support groups, provide staff training, and offer technical support. The partnership, which began in 2021, has helped maintain a three-year recidivism rate below 15%. Defy Ventures offers programs including CEO of Your New Life, Entrepreneur Bootcamp, and Business Accelerator, focusing on business skills and personal development. Previous LegalZoom contributions have funded various initiatives, including a cohort at California Women's Facility and post-release services.
LegalZoom (LZ) has appointed Nathan Gooden to its Board of Directors and as a member of both the Audit and Compensation Committees. Gooden, currently CFO of Squarespace, brings extensive experience in finance leadership across small business and ecommerce technology sectors. His background includes serving as CFO of Amazon Alexa and previous roles at Spacepointe and Solavei. The appointment aligns with LegalZoom's strategic focus on achieving high-value customer growth, margin expansion, and reaccelerating subscription revenue growth. Following this appointment, LegalZoom's Board consists of six directors, with five being independent.
LegalZoom reported strong Q3 2024 results with revenue of $168.6 million, up 1% year-over-year. Subscription revenue grew 5% to $110.7 million, while transaction revenue decreased 7% to $57.9 million. The company achieved record Q3 net income of $11.1 million with a 7% margin and record Adjusted EBITDA of $47.1 million with a 28% margin. Subscription units increased 10% year-over-year, while transaction units grew 8%. The company repurchased 3.8 million shares for $24.7 million and increased its share repurchase authorization by $40.0 million to $215.0 million.
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