---
schema_version: "secwatch.filing_event.v1"
accession: "0001286139-23-000130"
form_type: "8-K"
ticker: "LZ"
cik: "0001286139"
company_name: "LEGALZOOM.COM, INC."
filed_at: "2023-11-07T23:59:59+00:00"
generated_at: "2026-06-08T13:48:28.512880+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# LegalZoom Q3 revenue $167.3M (+8% YoY); net income $7.5M vs loss year ago; new $100M buyback

## Summary
- Revenue $167.3M (+8% YoY); subscription revenue $104.5M (+14% YoY).
- Net income $7.5M (5% margin) vs net loss $12.0M prior year; Adjusted EBITDA $33.7M (20% margin), doubled YoY.
- Full-year 2023 guidance raised: revenue $657-659M, Adjusted EBITDA $114-116M.
- Board authorized new $100M stock repurchase program with no expiration date.
- Launched new products: LZ Books, Business Licenses, AI Doc Assist, and revamped Legal Forms library.

## SEC filing metadata
- accession: 0001286139-23-000130
- form_type: 8-K
- ticker: LZ
- cik: 0001286139
- company_name: LEGALZOOM.COM, INC.
- filed_at: 2023-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1286139/000128613923000130/0001286139-23-000130-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1286139/000128613923000130/lz-20231107x8kearnings.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001286139-23-000130
- JSON: https://secwatch.observer/filing/0001286139-23-000130.json
- Plain text: https://secwatch.observer/filing/0001286139-23-000130.txt

## Key facts
- Earnings Releases
  LEGALZOOM.COM, INC. reported third quarter ended September 30, 2023 results: revenue $167.3 million, net income $7.5 million, EPS $0.04.
  - Period: third quarter ended September 30, 2023
  - Revenue: $167.3 million
  - Net income: $7.5 million
  - EPS: $0.04
  - Result: reported results
  source text: LegalZoom Reports Third Quarter 2023 Financial Results • Revenue of $167.3 million for the quarter, an increase of 8% year-over-year • Subscription revenue of $104.5 million for the quarter, an increase of 14% year-over-year • $212.1 million of cash and cash equivalents and no debt outstanding as of September 30, 2023 • Strong product velocity: launched a Business Licenses compliance product, accounting solution LZ Books, AI powered document summarization tool Doc Assist and a revamped Legal Forms library during and subsequent to the end of the third quarter MOUNTAIN VIEW, California – November 7, 2023 – LegalZoom.com, Inc. (Nasdaq: LZ), the No. 1 choice in online small business formations, today announced results for its third quarter ended September 30, 2023, including the following highlights: • Revenue was $167.3 million for the quarter, up 8% year-over-year: ◦ Transaction revenue was $57.4 million, down 2% year-over-year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1286139/000128613923000130/0001286139-23-000130-index.htm
- Earnings Releases
  LEGALZOOM.COM, INC. reported three and nine months ended September 30, 2023 results: revenue $167,274, net income $7,534, EPS $0.04.
  - Period: three and nine months ended September 30, 2023
  - Revenue: $167,274
  - Net income: $7,534
  - EPS: $0.04
  - Result: reported results
  source text: except AOV, ARPU and percentages) Three Months Ended % Growth Nine Months Ended % Growth September 30, (Decline) September 30, (Decline) 2023 2022 YOY 2023 2022 YOY Revenue $ 167,274 $ 155,277 8 % $ 502,064 $ 473,353 6 % Business formations 137 117 17 % 468 359 30 % Transaction units 237 226 5 % 828 718 15 % Average order value (AOV) $ 242 $ 258 (6) % $ 217 $
  evidence_url: https://www.sec.gov/Archives/edgar/data/1286139/000128613923000130/0001286139-23-000130-index.htm
- Earnings Releases
  LEGALZOOM.COM, INC. reported fourth quarter ending December 31, 2023 and full year ending December 31, 2023 results: revenue Revenue is expected to be in the range of $155 million to $157 million for Q4 2023 and $657 million to $659 million for. Guidance raised.
  - Period: fourth quarter ending December 31, 2023 and full year ending December 31, 2023
  - Revenue: Revenue is expected to be in the range of $155 million to $157 million for Q4 2023 and $657 million to $659 million for
  - Guidance: raised
  - Result: guidance update
  source text: Our guidance for the fourth quarter ending December 31, 2023 is as follows: • Revenue is expected to be in the range of $155 million to $157 million • Adjusted EBITDA is expected to be in the range of $28 million to $30 million Our guidance for the full year ending December 31, 2023 is updated as follows: • Revenue is now expected to be in the range of $657 million to $659 million • Adjusted EBITDA is now expected to be in the range of $114 million to $116 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1286139/000128613923000130/0001286139-23-000130-index.htm

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