LegalZoom.com, Inc.
Description
LegalZoom.com, Inc., together with its subsidiaries, operates an online platform that supports the legal, compliance, and business management needs of small businesses and consumers in the United States. The company's platform offers business formation products, such as limited liability company, incorporation of C and S corporations, nonprofit formations, doing-business-as, corporate changes and filings, business licenses, legal forms, and beneficial ownership information reports; intellectual property products consisting of trademark and patent applications, and copyright registrations; and tax services, including business and personal tax preparations. It also provides consumer, estate planning, and other services comprising last will and testament, living will, living trust, power of attorney, and name change. In addition, the company offers subscriptions services, including registered agent, compliance, attorney advice, tax advice and preparation, eSignature, virtual mail and check deposit services, trademark monitoring, and estate planning bundle. The company was incorporated in 1999 and is headquartered in Mountain View, California.
About
Earnings
Date | Estimate EPS | Actual EPS | Difference | % Surprise |
---|---|---|---|---|
Nov 5, 2025 | — | — | — | — |
Aug 6, 2025 | — | — | — | — |
May 5, 2025 | — | — | — | — |
Feb 21, 2025 | 0.16 | — | — | — |
Nov 7, 2024 | 0.15 | 0.17 | 0.02 | 13.33% |
Earnings estimate
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
---|---|---|---|---|
Number of analysts | — | 9 | — | 10 |
Average estimate | — | 0.12 | — | 0.56 |
Low estimate | — | 0.07 | — | 0.36 |
High estimate | — | 0.17 | — | 0.66 |
Last year EPS | — | 0.09 | — | 0.52 |
Growth estimates
Analyst Ratings
Date | Firm | Action | Rating | Price Target |
---|---|---|---|---|
Jan 31, 2025 |
JMP Securities
Andrew Boone
|
Reiterates | Market Perform | — |
Jan 13, 2025 |
Morgan Stanley
Elizabeth Porter
|
Maintains | Underweight | ▲ Raises $7 → $8 |
Jan 13, 2025 |
JP Morgan
Ella Smith
|
Upgrade | Overweight | ▲ Raises $8 → $9 |
Dec 6, 2024 |
UBS
Stephen Ju
|
Initiates | Neutral | Announces $9 |
Nov 26, 2024 |
Citigroup
Ronald Josey
|
Maintains | Neutral | ▲ Raises $7 → $8.5 |
Nov 11, 2024 |
Barclays
Mario Lu
|
Maintains | Equal-Weight | ▲ Raises $7 → $8 |
Nov 8, 2024 |
JP Morgan
Ella Smith
|
Downgrade | Underweight | Maintains $8 |
Sep 16, 2024 |
William Blair
Stephen Sheldon
|
Initiates | Market Perform | — |
Sep 13, 2024 |
JMP Securities
Andrew Boone
|
Reiterates | Market Perform | — |
Sep 5, 2024 |
JP Morgan
Ella Smith
|
Maintains | Neutral | ▼ Lowers $9 → $8 |
Jul 31, 2024 |
Jefferies
Brent Thill
|
Upgrade | Buy | Announces $8 |
Jul 10, 2024 |
Citigroup
|
Downgrade | Neutral | — |
Jul 10, 2024 |
B of A Securities
Michael McGovern
|
Downgrade | Underperform | ▼ Lowers $13 → $6 |
Jul 10, 2024 |
JMP Securities
Andrew Boone
|
Downgrade | Market Perform | — |
Jul 10, 2024 |
JP Morgan
Ella Smith
|
Downgrade | Neutral | ▼ Lowers $14 → $9 |
Jul 10, 2024 |
Barclays
Mario Lu
|
Downgrade | Equal-Weight | — |
May 17, 2024 |
JMP Securities
Andrew Boone
|
Reiterates | Market Outperform | Maintains $14 |
Apr 12, 2024 |
JMP Securities
Andrew Boone
|
Reiterates | Market Outperform | Maintains $14 |
Mar 27, 2024 |
Raymond James
Josh Beck
|
Reinstates | Market Perform | — |
Mar 22, 2024 |
JP Morgan
Ella Smith
|
Maintains | Overweight | ▲ Raises $14 → $16 |
Mar 13, 2024 |
JMP Securities
Andrew Boone
|
Reiterates | Market Outperform | Maintains $14 |
Feb 8, 2024 |
Barclays
Mario Lu
|
Maintains | Overweight | ▼ Lowers $17 → $15 |
Feb 7, 2024 |
JP Morgan
Ella Smith
|
Assumes | Overweight | Announces $14 |
Jan 12, 2024 |
JMP Securities
Andrew Boone
|
Maintains | Market Outperform | ▼ Lowers $15 → $14 |
Nov 14, 2023 |
Morgan Stanley
Elizabeth Porter
|
Maintains | Underweight | ▲ Raises $9 → $9.5 |
Aug 14, 2023 |
JMP Securities
Andrew Boone
|
Reiterates | Market Outperform | Maintains $15 |
Aug 11, 2023 |
Morgan Stanley
Elizabeth Porter
|
Maintains | Underweight | ▲ Raises $7.5 → $9 |
Aug 9, 2023 |
Barclays
Mario Lu
|
Maintains | Overweight | ▲ Raises $12 → $17 |
Aug 9, 2023 |
Credit Suisse
Stephen Ju
|
Maintains | Outperform | ▲ Raises $14 → $17 |
Aug 9, 2023 |
JP Morgan
Sterling Auty
|
Maintains | Overweight | ▲ Raises $13 → $17 |
Income statement
2023 | 2022 | 2021 | 2020 | 2019 | |
---|---|---|---|---|---|
Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
Total reported revenue | 660.73M | 619.98M | 575.08M | 470.64M | 408.38M |
Cost of revenue | 239.26M | 211.10M | 189.36M | 154.56M | 136.92M |
Gross profit | 421.46M | 408.88M | 385.72M | 316.07M | 271.47M |
Operating expense | |||||
Research & development | 83.18M | 70.43M | 84.00M | 41.86M | 37.20M |
Selling general and admin | 317.22M | 379.94M | 385.87M | 222.41M | 173.68M |
Other operating expenses | — | — | — | — | — |
Operating income | 21.06M | -41.49M | -84.15M | 51.80M | 60.59M |
Non operating interest income | |||||
Income | 9.31M | 1.80M | 61,000 | — | — |
Expense | 493,000 | 260,000 | 28.05M | 35.50M | 38.56M |
Other income expense | 1.62M | -7.73M | -7.48M | -3.97M | -11.74M |
Pretax income | 31.49M | -47.67M | -119.62M | 12.33M | 10.28M |
Tax provision | 17.54M | 1.06M | -10.95M | 2.43M | 3.16M |
Net income | 13.95M | -48.73M | -108.66M | 9.90M | 7.44M |
Basic EPS | 0.07 | -0.25 | -0.67 | 0.06 | 0.04 |
Diluted EPS | 0.07 | -0.25 | -0.67 | 0.06 | 0.04 |
Basic average shares | 190.47M | 195.83M | 161.42M | 125.25M | 125.25M |
Diluted average shares | 190.47M | 195.83M | 161.42M | 125.25M | 125.25M |
EBITDA | 60.06M | -20.37M | -66.21M | 79.59M | 79.55M |
Net income from continuing op. | 13.95M | -48.73M | -108.66M | 9.90M | 7.44M |
Minority interests | — | — | — | — | — |
Preferred stock dividends | — | — | — | 26.40M | — |
Balance sheet
2023 | 2022 | 2021 | 2020 | 2019 | |
---|---|---|---|---|---|
Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
Total assets | 447.82M | 405.40M | 431.02M | 252.06M | 200.01M |
Current assets | |||||
Cash | — | — | — | — | — |
Cash equivalents | — | — | — | — | — |
Cash and cash equivalents | 225.72M | 189.08M | 239.30M | 114.47M | 49.18M |
Other short term investments | — | — | — | — | — |
Accounts receivable | 11.74M | 13.18M | 10.64M | 8.56M | 10.18M |
Other receivables | — | — | — | — | — |
Inventory | — | — | — | — | — |
Prepaid assets | 10.42M | 10.62M | 10.96M | 7.18M | 6.66M |
Restricted cash | — | — | — | — | — |
Assets held for sale | 22.72M | 22.72M | — | — | — |
Hedging assets | — | — | — | — | — |
Other current assets | 3.02M | 3.40M | 2.98M | 676,000 | 1.57M |
Non current assets | |||||
Properties | 8.52M | 11.15M | — | — | — |
Land and improvements | — | — | 6.46M | 6.44M | 6.44M |
Machinery furniture equipment | 102.17M | 86.19M | 80.65M | 76.19M | 74.52M |
Construction in progress | — | 105,000 | 1.18M | 4.31M | 5.54M |
Leases | 1.48M | 1.99M | 4.90M | 4.90M | 4.90M |
Accumulated depreciation | -55.41M | -57.46M | -76.03M | -70.31M | -60.68M |
Goodwill | 140.37M | 145.36M | 135.85M | 23.62M | 22.69M |
Investment properties | — | — | — | — | — |
Financial assets | — | — | — | — | — |
Intangible assets | 13.74M | 18.90M | 16.03M | 815,000 | 3.08M |
Investments and advances | 1.16M | 995,000 | 1.12M | 1.05M | 5.53M |
Other non current assets | 37.52M | 38.62M | 40.42M | 53.86M | 52.09M |
Total liabilities | 278.98M | 263.02M | 233.46M | 802.70M | 757.00M |
Current liabilities | |||||
Accounts payable | 32.28M | 25.31M | 31.79M | 28.73M | 16.76M |
Accrued expenses | 46.84M | 37.16M | 29.82M | 22.78M | 20.03M |
Short term debt | 2.05M | 2.32M | — | 3.03M | 3.00M |
Deferred revenue | 167.95M | 164.20M | 146.36M | 127.14M | 102.57M |
Tax payable | 9.80M | 3.84M | 2.68M | 1.79M | 1.77M |
Pensions | — | — | — | — | — |
Other current liabilities | 3.61M | 4.69M | 2.75M | 7.39M | 4.78M |
Non current liabilities | |||||
Long term debt | 6.97M | 8.96M | — | 512.36M | 515.39M |
Provision for risks and charges | — | — | — | — | — |
Deferred liabilities | — | — | — | — | — |
Derivative product liabilities | — | — | — | — | — |
Other non current liabilities | 7.57M | 3.97M | 2.94M | 16.56M | 7.77M |
Shareholders equity | |||||
Common stock | 189,000 | 190,000 | 198,000 | 126,000 | 125,000 |
Retained earnings | -933.06M | -891.86M | -748.01M | -639.35M | -644.31M |
Other shareholders equity | 232,000 | 1.50M | -1.80M | -13.83M | -5.73M |
Total shareholders equity | 168.83M | 142.38M | 197.55M | -550.63M | -556.99M |
Additional paid in capital | 1.10B | 1.03B | 947.16M | 102.42M | 92.92M |
Treasury stock | — | — | — | — | — |
Minority interest | — | — | — | — | — |
Cash flow statement
2023 | 2022 | 2021 | 2020 | 2019 | 2011 | 2010 | |
---|---|---|---|---|---|---|---|
Operating Activities | |||||||
Net Income | 13.95M | -48.73M | -108.66M | 9.90M | 7.44M | — | — |
Depreciation | 28.08M | 23.79M | 16.69M | 20.10M | 16.39M | 4.56M | 3.51M |
Deferred Taxes | 4.71M | -793,000 | -11.60M | 1.33M | 472,000 | -6.93M | — |
Stock-Based Compensation | 66.02M | 80.47M | 112.60M | 12.89M | 5.18M | 944,000 | 1.31M |
Other Non-Cash Items | -648,000 | 245,000 | 1.40M | 2.61M | 2.27M | 11.81M | -3.93M |
Accounts Receivable | 1.44M | -2.51M | -1.51M | 954,000 | -413,000 | -1.49M | -834,000 |
Accounts Payable | 5.03M | -6.61M | 2.36M | 12.42M | 3.91M | -227,000 | 757,000 |
Other Assets & Liabilities | 1.45M | 15.12M | 14.22M | 24.36M | 6.04M | 552,000 | -4.40M |
Operating Cash Flow | 120.02M | 60.99M | 25.49M | 84.55M | 41.29M | 9.23M | -3.59M |
Investing Activities | |||||||
Capital Expenditures | -31.59M | -22.10M | -11.74M | -10.59M | -18.35M | -6.56M | -4.67M |
Net Intangibles | — | — | — | — | — | — | — |
Net Acquisitions | — | -2.53M | -61.52M | -2.14M | 313,000 | — | — |
Purchase of Investments | — | — | -1.13M | — | -2.68M | — | — |
Sale of Investments | — | — | — | — | — | — | — |
Investing Cash Flow | -31.56M | -30.62M | -77.67M | -12.73M | -20.72M | -6.06M | -4.67M |
Financing Activities | |||||||
Long-Term Debt Issuance | — | — | — | — | — | — | — |
Long-Term Debt Payments | -35,000 | -14,000 | -524.33M | -45.38M | -5.38M | -384,000 | -19,000 |
Other Financing Charges | -9.69M | -641,000 | -20.90M | -1.39M | -547,000 | 325,000 | 522,000 |
Financing Cash Flow | -64.60M | -95.78M | 121.54M | -55.47M | -13.05M | -59,000 | 503,000 |
Other Cash Details | |||||||
End Cash Position | 225.72M | 189.08M | 239.30M | 139.47M | 74.18M | 27.11M | 19.17M |
Income Tax Paid | 6.60M | 741,000 | 1.46M | 1.49M | 1.47M | 754,000 | 110,000 |
Interest Paid | — | — | 12.28M | 27.86M | 37.28M | 15,000 | — |
Free Cash Flow | 92.72M | 51.74M | 42.41M | 82.46M | 34.35M | 7.16M | -3.23M |