Legalzoom.Com, Inc. ( (LZ) ) has released its Q1 earnings. Here is a breakdown of the information Legalzoom.Com, Inc. presented to its investors.
LegalZoom.com, Inc. is a leading online platform providing legal services to individuals and small businesses, leveraging technology to simplify legal processes. The company operates primarily in the legal services industry and is known for its innovative approach to making legal assistance more accessible.
In its first quarter of 2025, LegalZoom reported strong financial results, surpassing its own expectations. The company achieved a revenue of $183.1 million, marking a 5% increase from the previous year. Subscription revenue grew by 8%, highlighting the success of its subscription-based business model.
Key financial metrics include a net income of $5.1 million, an 8% increase year-over-year, and an adjusted EBITDA of $37.0 million, up 33% from the previous year. The company also ended the quarter with $210 million in cash and cash equivalents. Additionally, LegalZoom announced a $100 million increase in its share repurchase authorization, signaling confidence in its financial health.
LegalZoom’s strategic initiatives, such as the acquisition of Formation Nation, are expected to bolster its service offerings and expand its customer base. The appointment of a new Chief Technology Officer aims to enhance its technology platform, further supporting its growth ambitions.
Looking ahead, LegalZoom remains optimistic about its financial outlook for 2025, maintaining its guidance of 5% revenue growth for the year. The company is focused on achieving double-digit subscription revenue growth by the fourth quarter, despite the challenges posed by the current economic environment.