---
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"
generated_at: "2026-06-19T01:57:06.494938+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# LegalZoom Q4 revenue $146.6M (+3% YoY); restates Q1 2022, cites ineffective controls

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001286139-23-000011
- JSON: https://secwatch.observer/filing/0001286139-23-000011.json
- Plain text: https://secwatch.observer/filing/0001286139-23-000011.txt

## Key facts
- Earnings Releases
  LEGALZOOM.COM, INC. reported the year ended December 31, 2022 results: revenue $620.0 million, net income $ (48,733). Guidance initiated.
  - Period: the year ended December 31, 2022
  - Revenue: $620.0 million
  - Net income: $ (48,733)
  - Guidance: initiated
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1286139/000128613923000011/0001286139-23-000011-index.htm
- Earnings Releases
  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.
  - Period: the three months ended December 31, 2022
  - Revenue: $146.6 million
  - Net income: $1.7 million
  - EPS: $0.01
  - Guidance: initiated
  - Result: reported results
  source text: • 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_url: https://www.sec.gov/Archives/edgar/data/1286139/000128613923000011/0001286139-23-000011-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.