LegalZoom.com (LZ) 10-K Summary — Year Ended Dec 31, 2024
LegalZoom.com, Inc. filed its annual 10-K report. The filing shows revenue growth and positive profitability, with liquidity supported by cash and cash equivalents.
Key takeaway
Year ended Dec 31, 2024 · FY2025 10-K
LegalZoom.com, Inc. filed its annual 10-K report. The filing shows revenue growth and positive profitability, with liquidity supported by cash and cash equivalents.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$681.9M
Revenue reported for the fiscal year.
Operating income
$35.6M
Income from operations reported for the year.
Net income
$30M
Net income reported for the year.
Operating cash flow
$135.6M
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 30, 2022 | $473.4M | n/a |
| Dec 31, 2022 | $620M | +31.0% |
| Dec 31, 2023 | $660.7M | +6.6% |
| Dec 31, 2024 | $681.9M | +3.2% |
Business overview
The filing references a business overview section, but the provided context does not include a detailed description of the company's operations. The company is identified as LegalZoom.com, Inc.
Financial performance
Revenue increased compared to the prior year. The company reported positive operating income, net income, and operating cash flow for the period.
Material risks
The filing lists a risk factors section, but no specific risk descriptions are provided in the supplied context. Therefore, no material risks can be identified from the available data.
Liquidity and capital
The company relies on operating cash flow for liquidity, and its cash and equivalents decreased due to stock repurchases and capital expenditures. Subsequent to year-end, it used cash for an acquisition and intends to sell its headquarters.
What to watch
Readers should monitor the outcome of the planned sale of the Austin headquarters and the integration of the Formation Nation acquisition in the next filing.