---
schema_version: "secwatch.filing_event.v1"
accession: "0001286139-24-000091"
form_type: "8-K"
ticker: "LZ"
cik: "0001286139"
company_name: "LEGALZOOM.COM, INC."
filed_at: "2024-08-07T23:59:59+00:00"
generated_at: "2026-05-31T11:38:18.245266+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# LegalZoom reports Q2 revenue up 5% to $177.4M, EBITDA margin down, announces 15% workforce reduction

## Summary
- Q2 revenue $177.4M (+5% YoY), subscription revenue $108.8M (+6%), transaction revenue $68.5M (+4%).
- Net income $1.3M (flat YoY); adjusted EBITDA $28.9M (16% margin vs 18% YoY); free cash flow $17.4M vs $37.4M.
- Repurchased 13.9M shares for $125.2M in Q2; cash and equivalents $118.8M.
- Jeff Stibel appointed CEO effective July 9, 2024, taking direct role in executing growth strategy.
- Restructuring: 15% workforce reduction, ~$5M severance charges in Q3, expected annualized savings of $25M; full-year revenue guidance reaffirmed.

## SEC filing metadata
- accession: 0001286139-24-000091
- form_type: 8-K
- ticker: LZ
- cik: 0001286139
- company_name: LEGALZOOM.COM, INC.
- filed_at: 2024-08-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 2.05, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1286139/000128613924000091/0001286139-24-000091-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1286139/000128613924000091/lz-20240801.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001286139-24-000091
- JSON: https://secwatch.observer/filing/0001286139-24-000091.json
- Plain text: https://secwatch.observer/filing/0001286139-24-000091.txt

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