LegalZoom.com (LZ) Revenue — Quarter Ended Mar 31, 2024
LegalZoom's revenue rose in the latest quarter, reflecting continued growth. The increase was driven by higher demand for the company's services.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
LegalZoom's revenue rose in the latest quarter, reflecting continued growth. The increase was driven by higher demand for the company's services.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$174.2M
Revenue reported for this quarter.
Quarter-over-quarter
+9.8%
Change from the immediately preceding quarter.
Year-over-year
+5.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$669M
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2023 | $168.9M | +3.8% |
| Sep 30, 2023 | $167.3M | +7.7% |
| Dec 31, 2023 | $158.7M | +8.2% |
| Mar 31, 2024 | $174.2M | +5.0% |
Revenue performance
The company reported a sequential increase in revenue compared to the immediately preceding quarter, as well as a year-over-year gain.
Quarterly comparison
Revenue exceeded the prior quarter's level and also surpassed the figure from the same quarter one year earlier.
What to watch
The company's cash position increased modestly, partly due to operating cash flows, though share repurchases and capital expenditures served as offsets.