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Legalzoom.Com (LZ) FY2024 results: revenue $682 million, up 3.2% on the year

Legalzoom.Com, Inc. (LZ) reported revenue of $682 million for fiscal 2024, the year ended 31 December 2024, up 3.2% on the year before. Net income was $30 million, up 114.7%, and diluted earnings per share $0.16. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2025.

Revenue
$682 million
+3.2% on the year
FY2019FY2024
Operating margin
5.2%
3.2% a year earlier
FY2019FY2024
Net income
$30 million
+114.7% on the year
FY2019FY2024
Diluted EPS
$0.16
+128.6% on the year
FY2019FY2024

this yearthe year beforeHover a bar for its figure.

The year in brief

The four quarters: Q1 FY2024 · Q2 FY2024 · Q3 FY2024 · Q4 FY2024

Income statement (profit and loss)

$ millionFY2024FY2023FY2022On the yearLast 8 years
Revenue682661620+3.2%
Cost of revenue240239211+0.3%
Gross profit442421409+4.8%
Gross margin64.8%63.8%66.0%
Operating income35.621.1-41.7+69.0%
Operating margin5.2%3.2%-6.7%
Interest expense0.40.50.3-9.5%
Pre-tax income43.131.5-47.7+36.8%
Income tax13.117.51.1-25.2%
Effective tax rate30.5%55.7%n/a
Net income30.014.0-48.7+114.7%
Net margin4.4%2.1%-7.9%
Diluted EPS$0.16$0.07-$0.25+128.6%
$ million except per share.
Read moreFree 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

$ millionFY2024FY2023FY2022On the yearLast 8 years
Operating cash flow13612473.8+9.1%
Capital expenditure35.731.622.1+13.0%
Free cash flow99.992.751.7+7.8%
Free cash flow margin14.7%14.0%8.3%
Cash from investing-35.7-31.6-30.6
Cash from financing-183-56.1-93.3
Depreciation and amortisation29.820.218.2+47.5%
Share-based compensation71.566.080.5+8.3%
Buybacks16554.995.1+200.7%
Diluted shares, weighted183m194m196m-5.9%
Shares outstanding at period end174m189m191m-7.9%

Balance sheet

$ millionFY2024FY2023FY2022On the yearLast 8 years
Shareholders' equity93.3169142-44.8%
Debt0.00.00.0
Operating lease liabilities6.07.09.0-13.6%
Finance lease liabilities0.00.00.0
Other liabilities275272254+1.0%
Total liabilities and equity374448405-16.5%
Fixed assetsn/an/a30.8
Goodwill63.363.363.20.0%
Intangible assets8.713.718.9-37.0%
Investments1.41.21.0+18.8%
Cash and equivalents142226189-37.1%
Receivables8.511.713.2-27.5%
Other assets15013289.2+13.5%
Total assets374448405-16.5%

10-K for the year ended 31 December 2024, filed 26 February 2025: the filing.