LegalZoom.com, Inc. (LZ) Financial Statements (2024 and earlier)

Company Profile

Business Address 101 N. BRAND BLVD., SUITE 1100
GLENDALE, CA 91203
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7374 - Computer Processing and Data Preparation and Processing Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments238,937204,126189,082211,812215,537247,504
Cash and cash equivalents238,937204,126189,082211,812215,537247,504
Receivables14,07015,98313,93713,57812,99312,784
Prepaid expense8,61112,42310,62411,3779,29215,409
Contract with customer, asset, after allowance for credit loss1,9293,4611,9152,0292,1183,702
Disposal group, including discontinued operation22,72222,72222,72222,722  
Other current assets1,0162,3041,9932,2021,5812,981
Other undisclosed current assets1,1771,1761,4071,0168691,080
Total current assets:288,462262,195241,680264,736242,390283,460
Noncurrent Assets
Operating lease, right-of-use asset9,87510,46111,14811,7966,9615,292
Property, plant and equipment38,89434,44630,82329,01249,34247,769
Long-term investments and receivables1,0041,0009951,1831,1821,182
Long-term investments1,0041,0009951,1831,1821,182
Intangible assets, net (including goodwill)79,58280,81382,12976,73674,50375,355
Goodwill63,26563,24763,22963,18459,93359,994
Intangible assets, net (excluding goodwill)16,31717,56618,90013,55214,57015,361
Deferred income tax assets21,83126,68229,38027,47325,68524,849
Other noncurrent assets8,9898,7559,24012,87713,31913,157
Total noncurrent assets:160,175162,157163,715159,077170,992167,604
TOTAL ASSETS:448,637424,352405,395423,813413,382451,064
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:52,34951,68257,37359,91655,82056,509
Taxes payable3,7453,3802,725
Employee-related liabilities21,57418,74116,316
Accounts payable33,30725,80325,312   
Accrued liabilities52,34951,68257,373   
Other undisclosed accounts payable and accrued liabilities(33,307)(25,803)(25,312)34,59733,69937,468
Deferred revenue179,432181,219164,200168,705163,140163,729
Debt   36   
Other undisclosed current liabilities35,71228,15427,59327,85919,94633,354
Total current liabilities:267,493261,055249,202256,480238,906253,592
Noncurrent Liabilities
Long-term debt and lease obligation:    9,5684,8423,505
Liabilities, other than long-term debt12,79513,28013,8183,9393,9784,116
Deferred revenue7117948921,0131,1371,283
Other liabilities4,2844,1333,9682,9262,8412,833
Operating lease, liability7,8008,3538,9589,5684,8423,505
Total noncurrent liabilities:12,79513,28013,81813,5078,8207,621
Total liabilities:280,288274,335263,020269,987247,726261,213
Equity
Equity, attributable to parent168,349150,017142,375153,826165,656189,851
Common stock191190190193196198
Additional paid in capital1,070,4611,049,9481,032,5501,015,068994,558969,731
Accumulated other comprehensive income (loss)3308661,4974,4981,854(355)
Accumulated deficit(902,633)(900,987)(891,862)(865,933)(830,952)(779,723)
Total equity:168,349150,017142,375153,826165,656189,851
TOTAL LIABILITIES AND EQUITY:448,637424,352405,395423,813413,382451,064

Income Statement (P&L) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues168,854165,936147,487154,416163,867154,209
Cost of revenue(63,748)(60,395)(47,712)(50,050)(57,393)(55,940)
Gross profit:105,106105,54199,775104,366106,47498,269
Operating expenses(100,361)(106,337)(94,249)(113,942)(118,111)(124,321)
Operating income (loss):4,745(796)5,526(9,576)(11,637)(26,052)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
6246941,625(2,536)(2,022)(1,544)
Interest and debt expense      (53)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (17)   
Income (loss) from continuing operations before equity method investments, income taxes:5,369(102)7,134(12,112)(13,659)(27,649)
Other undisclosed income (loss) from continuing operations before income taxes2,1531,581(1,951)53529 
Income (loss) from continuing operations before income taxes:7,5221,4795,183(11,577)(13,630)(27,649)
Income tax expense (benefit)(6,127)(3,837)(20)1,469451(2,960)
Income (loss) from continuing operations:1,395(2,358)5,163(10,108)(13,179)(30,609)
Loss before gain (loss) on sale of properties:(10,108)(13,179)(30,609)
Net income (loss) available to common stockholders, diluted:1,395(2,358)5,163(10,108)(13,179)(30,609)

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):1,395(2,358)5,163(10,108)(13,179)(30,609)
Other comprehensive income (loss) (536)(631)(3,001)2,6442,2091,440
Comprehensive income (loss):859(2,989)2,162(7,464)(10,970)(29,169)
Other undisclosed comprehensive income, net of tax, attributable to parent      
Comprehensive income (loss), net of tax, attributable to parent:859(2,989)2,162(7,464)(10,970)(29,169)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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