Legalzoom.Com, Inc. Stock Price, News & Analysis

LegalZoom (NASDAQ: LZ) has expanded its Virtual Mail service to consumers, offering digital mail management solutions for individuals and families. The service provides secure mail handling through over 50 U.S. street addresses across 44 states, allowing customers to protect their home address and manage mail digitally.

The Virtual Mail service includes features such as:

• Digital scanning and flexible forwarding options
• Real-time notifications and global access from any device
• Secure handling of important documents in protected facilities
• Two-factor authentication and encryption
• Complimentary services including shredding, cloud storage, and junk mail filtering

The expansion builds on LegalZoom's 24-year history of helping consumers and businesses operate efficiently, addressing concerns about missing or stolen important mail such as credit cards and government-issued IDs.

LegalZoom (LZ) has announced the sale of its Austin, Texas office building for $38 million in cash, completed on March 31. The online legal services platform has simultaneously opened new leased office spaces in Austin, Texas and Sherman Oaks, California.

The strategic move aims to strengthen the company's balance sheet while promoting collaboration and innovation. Noel Watson, COO and CFO, emphasized that the sale enhances their cash position and capital allocation flexibility, including potential share repurchases.

LegalZoom's current office footprint spans across Mountain View, CA; Frisco, TX; Las Vegas, NV; Reno, NV; Bengaluru, India; and Krakow, Poland. The company maintains a flexible-first approach to support both remote and onsite employees.

LegalZoom (Nasdaq: LZ) has appointed Pratik Savai as its new Chief Technology Officer (CTO). Savai will focus on advancing LegalZoom's technology ecosystem, optimizing platform scalability, and implementing generative AI solutions to streamline legal processes.

Prior to joining LegalZoom, Savai served as CTO at Elation Health, leading Engineering, Product, and Design teams. He previously spent 16 years at Cornerstone OnDemand, where he helped build businesses generating over $840 million in recurring subscription revenues and scaled technology teams to over 400 people globally.

Savai holds multiple advanced degrees, including engineering degrees from the University of Mumbai and USC, along with an MBA from UCLA Anderson School of Management.

LegalZoom (LZ) reported strong Q4 and full-year 2024 results, with revenue reaching $161.7 million in Q4 (up 2% YoY) and subscription revenue of $436.2 million for the full year (up 6% YoY). The company achieved significant profitability improvements with full-year net income of $30.0 million, up 115% YoY, and Adjusted EBITDA of $148.1 million, up 25% YoY.

Q4 highlights include subscription revenue of $108.7 million, transaction revenue of $53.0 million, and net income of $12.9 million. The company maintains a strong financial position with $142.1 million in cash and no debt. For 2025, LegalZoom projects approximately 5% revenue growth and an Adjusted EBITDA margin of 23%. The company recently acquired Formation Nation to support its growth strategy.

LegalZoom (Nasdaq: LZ) has announced its participation in two major investor conferences in March 2025. Jeff Stibel, Chairman and CEO, and Noel Watson, COO and CFO, will represent the company at both events.

The management team will attend the Citizens JMP Technology Conference in San Francisco on March 3rd, where they will participate in a fireside chat at 9:00 a.m. PT and host investor meetings. The following day, March 4th, they will attend the Morgan Stanley Technology, Media & Telecom Conference, also in San Francisco, to host meetings with investors.

A live audio webcast and replay of the Citizens JMP Technology Conference presentation will be available on LegalZoom's Investor Relations website. LegalZoom is a leading online platform for business formation in the United States, focusing on providing comprehensive legal and compliance products through user-friendly technology to support small business owners throughout their entrepreneurial journey.

LegalZoom (LZ) has acquired Formation Nation for $49.3 million in cash upfront, 2.2 million restricted shares, and a $15.4 million cash holdback. Formation Nation operates through two brands: Nevada Corporate Headquarters (NCH) and Inc Authority, providing business formation and compliance services.

The acquisition aims to enhance LegalZoom's customer service capabilities by integrating Formation Nation's 140+ seasoned experts and leveraging their high TrustPilot scores of 4.9-5.0. The deal supports LegalZoom's customer segmentation strategy, with Inc Authority serving the lower-priced DIY segment while maintaining LegalZoom as a premium brand.

LegalZoom also announced preliminary Q4 2024 results with revenue of $161.7M, net income of $12.9M, and Adjusted EBITDA of $44.2M. Full-year 2024 estimates show revenue of $681.9M, net income of $30.0M, and Adjusted EBITDA of $148.1M. The acquisition is expected to positively impact Adjusted EBITDA and be accretive to Adjusted EPS in the first year.

LegalZoom (Nasdaq: LZ) has scheduled its Fourth Quarter and Full Year 2024 financial results announcement for Wednesday, February 26, 2025, after market close. The company will hold a conference call and webcast at 4:30 p.m. ET, featuring Chairman and CEO Jeff Stibel and COO/CFO Noel Watson.

As a leading online platform for business formation in the United States, LegalZoom provides comprehensive legal and compliance products along with professional advisory services to support small business owners. The company focuses on making legal and financial expertise accessible and affordable through technology-driven solutions.

LegalZoom (LZ) has announced a multi-year strategic partnership with 1-800Accountant to provide full-service bookkeeping and tax solutions for small business owners. The service will launch by January 2025, integrating 1-800Accountant's tax expertise into LegalZoom's ecosystem.

The partnership addresses key findings from a recent LegalZoom customer survey, which identified tax management, liability protection, and legitimacy as primary motivations for business formation. The collaboration aims to streamline tax preparation processes through expert CPAs and technology, helping business owners maximize tax savings and maintain compliance.

The agreement includes minimum lead requirements and corresponding minimum annual revenue commitments over the multi-year term.

LegalZoom (Nasdaq:LZ) is urging small business owners to file for trademark registration before the USPTO increases filing fees on January 18, 2025. The company highlights the growing importance of intellectual property protection in the age of AI, where copying branding elements has become easier.

Through its law firm LZ Legal Services, LegalZoom offers attorney-led trademark services for $649, approximately 75% less than traditional attorney fees averaging $2,500. Analysis of five-year customer data shows increased trademark applications, particularly in education, entertainment, advertising, business, and clothing sectors, which represent 44% of filed applications since 2019.