Legalzoom.Com (LZ) Q2 FY2024 earnings: revenue $177 million, up 5.0% on the year

Legalzoom.Com, Inc. (LZ) reported revenue of $177 million for Q2 FY2024, the quarter ended 30 June 2024, up 5.0% on the same quarter a year earlier. Net income was $1 million, down 5.8% on the year, and diluted earnings per share $0.01. The figures are the company's own, from the 10-Q it filed with the SEC on 7 August 2024.

Revenue$177 millionup 5.0%

Net income$1 milliondown 5.8%

Diluted EPS$0.01

QuarterQ2 FY2024ended 30 June 2024

The quarter, against the one before and a year earlier

Line	Q2 FY2024	Q1 FY2024	A year earlier	Change on the year
Revenue	177	174	n/a	n/a
Cost of revenue	63.6	68.4	n/a	n/a
Gross profit	114	106	n/a	n/a
Gross margin	64.1%	60.7%	n/a
Operating income	1.1	5.1	n/a	n/a
Operating margin	0.6%	2.9%	n/a
Interest expense	0.1	0.1	n/a	n/a
Pre-tax income	3.4	8.0	n/a	n/a
Income tax	2.0	3.2	n/a	n/a
Effective tax rate	60.9%	40.5%	n/a
Net income	1.3	4.7	n/a	n/a
Net margin	0.7%	2.7%	n/a
Diluted EPS	$0.01	$0.02	n/a	n/a

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

Line	Q2 FY2024	Q1 FY2024	A year earlier	Change on the year
Operating cash flow	27.2	34.2	n/a	n/a
Capital expenditure	9.9	9.5	n/a	n/a
Free cash flow	17.4	24.7	n/a	n/a
Free cash flow margin	9.8%	14.2%	n/a
Cash from investing	-9.9	-9.5	n/a	n/a
Cash from financing	-127	-22.3	n/a	n/a
Share-based compensation	18.9	14.9	n/a	n/a
Buybacks	124	12.8	n/a	n/a
Diluted shares, weighted	186m	193m	n/a	n/a
Shares outstanding at period end	176m	189m	n/a	n/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q2 FY2024	Q1 FY2024	A year earlier	Change on the year
Shareholders' equity	60.8	168	n/a	n/a
Debt	0.0	0.0	n/a	n/a
Operating lease liabilities	6.3	6.6	n/a	n/a
Other liabilities	292	285	n/a	n/a
Total liabilities and equity	360	460	n/a	n/a
Goodwill	63.3	63.3	n/a	n/a
Intangible assets	11.2	12.5	n/a	n/a
Investments	1.4	1.2	n/a	n/a
Cash and equivalents	119	228	n/a	n/a
Receivables	15.3	15.7	n/a	n/a
Other assets	149	139	n/a	n/a
Total assets	360	460	n/a	n/a

Questions

What was Legalzoom.Com's revenue in Q2 FY2024?

Legalzoom.Com (LZ) reported revenue of $177 million for Q2 FY2024, the quarter ended 30 June 2024, up 5.0% on the same quarter a year earlier.

How much did Legalzoom.Com earn in Q2 FY2024?

Net income for Q2 FY2024 was $1 million, down 5.8% on the year, and diluted earnings per share $0.01.

When did Legalzoom.Com report Q2 FY2024 results?

Legalzoom.Com filed its 10-Q for the quarter ended 30 June 2024 with the SEC on 7 August 2024.

Quarterly results, the last 12 quarters

	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	167	159	174	177	169	162	183	193	190	190	207	205
Cost of revenue	59.2	55.9	68.4	63.6	54.7	53.4	66.6	67.4	62.3	61.7	74.5	65.4
Gross profit	108	103	106	114	114	108	117	125	128	129	132	140
Gross margin	65%	65%	61%	64%	68%	67%	64%	65%	67%	68%	64%	68%
Operating income	10.3	6.9	5.1	1.1	16.3	13.1	9.0	-3.1	6.5	12.6	2.8	10.7
Operating margin	6%	4%	3%	1%	10%	8%	5%	-2%	3%	7%	1%	5%
Interest expense	0.1	0.3	0.1	0.1	0.1	0.2	0.2	0.2	0.2	0.8	0.7	0.1
Pre-tax income	12.0	10.5	8.0	3.4	19.3	12.5	10.6	-0.5	8.4	14.0	3.8	12.1
Tax rate	37%	30%	41%	61%	43%	-3%	52%	n/a	46%	57%	71%	57%
Net income	7.5	7.4	4.7	1.3	11.1	12.9	5.1	-0.3	4.5	6.1	1.1	5.2
Net margin	5%	5%	3%	1%	7%	8%	3%	-0%	2%	3%	1%	3%
Diluted EPS	$0.04	$0.04	$0.02	$0.01	$0.06	$0.07	$0.03	$0.00	$0.02	$0.03	$0.01	$0.03
Operating cash flow	27.4	22.5	34.2	27.2	31.6	42.6	50.7	39.1	54.2	34.1	47.3	39.5
Capital expenditure	8.0	8.4	9.5	9.9	9.6	6.7	9.4	7.5	7.2	6.1	6.3	5.9
Free cash flow	19.4	14.1	24.7	17.4	22.0	35.9	41.3	31.6	47.0	28.0	41.0	33.7
Buybacks	45.1	0.0	12.8	124	25.5	3.1	0.0	20.4	17.2	42.9	43.5	45.5
Shares outstanding	188m	189m	189m	176m	173m	174m	181m	180m	180m	178m	173m	167m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-Q for the period ended 30 June 2024, filed 7 August 2024, accession 0001286139-24-000093: the filing on EDGAR. All of Legalzoom.Com, Inc.'s filings: EDGAR company page.

The same record on your computer

GreekSoup is also a free program for your own computer. It reads these same filings for the names you follow, refreshed as they land, with no account. One pasted line installs it.

Install