{"schema_version":"secwatch.filing_event.v1","accession":"0001286139-23-000011","form_type":"8-K","ticker":"LZ","cik":"0001286139","company_name":"LEGALZOOM.COM, INC.","filed_at":"2023-02-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:44.228239+00:00","generated_at":"2026-06-19T01:57:06.494938+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"LegalZoom Q4 revenue $146.6M (+3% YoY); restates Q1 2022, cites ineffective controls","bullets":["Q4 revenue $146.6M (+3% YoY); subscription revenue $91.0M (+13% YoY) with 1.44M units.","Q4 net income $1.7M vs. net loss $(20.8M) in prior year; Adjusted EBITDA $26.5M (18% margin).","Full-year 2022 revenue $620.0M (+8% YoY); net loss $(48.7M) vs. $(108.7M) in 2021.","Q1 2023 guidance: revenue $153-157M, Adjusted EBITDA $17M; FY 2023: revenue $620-640M, Adj. EBITDA $100M.","Restating Q1 2022 financials; will report ineffective internal control over financial reporting in 10-K."],"urls":{"canonical":"https://secwatch.observer/filing/0001286139-23-000011","json":"https://secwatch.observer/filing/0001286139-23-000011.json","markdown":"https://secwatch.observer/filing/0001286139-23-000011.md","text":"https://secwatch.observer/filing/0001286139-23-000011.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1286139/000128613923000011/0001286139-23-000011-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1286139/000128613923000011/lz-20230223.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T01:57:06.494938+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2cc3194e3c5433a7143219da2c6b91e6a2b8dbab","claim":"LEGALZOOM.COM, INC. reported the year ended December 31, 2022 results: revenue $620.0 million, net income $ (48,733). Guidance initiated.","evidence_excerpt":"Document Exhibit 99.1 LegalZoom Reports Fourth Quarter and Full Year 2022 Financial Results • Revenue of $146.6 million for the quarter, an increase of 3% year-over-year; and $620.0 million for the year, up 8% year-over-year • Subscription revenue of $91.0 million for the quarter, an increase of 13% year-over-year; and $358.0 million for the year, up 24%","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1286139/000128613923000011/0001286139-23-000011-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the year ended December 31, 2022"},{"label":"Revenue","value":"$620.0 million"},{"label":"Net income","value":"$ (48,733)"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"50feb56d8d411d270129c8824fd256d2bea39019","claim":"LEGALZOOM.COM, INC. reported the three months ended December 31, 2022 results: revenue $146.6 million, net income $1.7 million, EPS $0.01. Guidance initiated.","evidence_excerpt":"• Revenue was $146.6 million for the quarter, up 3% year-over-year, and $620.0 million for the year, up 8% year-over-year. ◦ Transaction revenue was $50.8 million, compared to $56.5 million in the same period in 2021, down 10% year-over-year. ◦ Subscription revenue was $91.0 million, compared to $80.7 million in the same period in 2021, an increase of 13% year-over-year. We had approximately 1.4 million subscription units as of December 31, 2022 with approximately 26 thousand net units added in the quarter, and our average revenue per subscription unit increased 9% from 2021. ◦ Partner revenue was relatively flat at $4.9 million for both quarters in 2022 and 2021. • Gross margin was 68% for the quarter and 66% in the same period in 2021. • Net income was $1.7 million for the quarter, or 1% of revenue, compared to net loss of $(20.8) million or (15%) of revenue in 2021. • Adjusted EBITDA was $26.5 million for the quarter, or 18% of revenue, compared to $7.0 million, or 5% of revenue, fo","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1286139/000128613923000011/0001286139-23-000011-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended December 31, 2022"},{"label":"Revenue","value":"$146.6 million"},{"label":"Net income","value":"$1.7 million"},{"label":"EPS","value":"$0.01"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}