LegalZoom
Turns business formation into recurring compliance, advisory, and operations services.
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Profile
Runs a U.S.-concentrated online platform for business formation, compliance, attorney advice, legal forms, virtual mail, bookkeeping, and estate planning. Uses one reportable segment, while transaction purchases often become the entry point into recurring small-business subscriptions that now provide most revenue.
Operates an online legal-services platform for small businesses and consumers, combining software, an independent attorney network, and its own law firm. Offerings span business formation, compliance, intellectual-property protection, ongoing legal support, virtual mail, legal forms, bookkeeping, and estate planning.
Business formation is the usual entry point for small-business customers. Transaction purchases feed subscriptions such as registered agent, compliance, attorney advice, e-signature, virtual mail, trademark monitoring, and estate-planning bundles; subscriptions now account for most revenue.
Operations are concentrated in the United States, with services delivered across every state and thousands of counties. The model depends on converting formation customers into recurring services, maintaining trust in legal-service delivery, and operating within state-by-state legal-services rules.
Company facts
Categories
Key statistics
Year to date −35.8% · Average volume (30d) 2.9M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 6, 2026 | William Blair | Downgrade | Outperform | Market Perform | ||
| Aug 6, 2026 | JP Morgan | Downgrade | Overweight | Neutral | ||
| Mar 4, 2026 | Barclays | Downgrade | Equal Weight | Underweight | ||
| Feb 20, 2026 | Morgan Stanley | Target | $7 | $6.50 | ||
| Feb 20, 2026 | UBS | Reiterate | Neutral | $9 | $8 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | $0.15 | $0.16 | +4.3% | $205.8M | $205.3M | −0.3% | −30.00% |
| May 6, 2026Q1 FY26 | $0.13 | $0.12 | −7.7% | $202.1M | $206.8M | +2.3% | −3.34% |
| Feb 19, 2026Q4 FY25 | $0.18 | $0.17 | −5.6% | $184.7M | $190.3M | +3.0% | −6.95% |
| Nov 5, 2025Q3 FY25 | $0.20 | $0.17 | −15.0% | $184.9M | $190.2M | +2.9% | +7.37% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $183.1M | $192.5M | $190.2M | $190.3M | $206.8M | $205.3M | |
| Gross profit | $116.6M | $125.1M | $127.9M | $128.5M | $132.3M | $139.9M | |
| Operating income | $9.0M | −$3.1M | $6.5M | $13.9M | $3.4M | $10.7M | |
| Net income | $5.1M | −$266.0K | $4.5M | $6.1M | $1.1M | $5.2M | |
| Diluted EPS | $0.03 | −$0.00 | $0.02 | $0.03 | $0.01 | $0.03 | |
| Gross margin | 63.7% | 65.0% | 67.3% | 67.6% | 64.0% | 68.2% | |
| Operating margin | 4.9% | -1.6% | 3.4% | 7.3% | 1.6% | 5.2% |
Fiscal years (4-quarter sums)FY21 $575.1M · FY22 $619.6M · FY23 $660.7M · FY24 $681.9M · FY25 $756.0M
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $167.2M · Total debt $15.1M · Total assets $466.4M · Shareholders' equity $127.2M
Dividends
No dividends on record.
Ownership
Institutions and insiders are filed separately and overlap, so together they can pass the whole company. No split is drawn from them.
Shares outstanding 171.65M · Float 116.49M · 67.9% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Francisco Partners Management, LP | 28.63M | 16.68% | 13F | Aug 14, 2026 |
| BlackRock, Inc. | 18.00M | 10.49% | 13F | Aug 7, 2026 |
| Technology Crossover Management Ix, Ltd. | 16.40M | 9.55% | 13F | Aug 7, 2026 |
| Jeffrey M. Stibel · director, officer: Chief Executive Officer | 13.59M | 7.92% | Form 4 | Aug 18, 2026 |
| Vanguard Portfolio Management LLC | 10.82M | 6.30% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 21, 2026 | Noel Bertram Watson | officer: Chief Operating Officer & CFO | −83,629 | $5.83 |
| Aug 20, 2026 | Noel Bertram Watson | officer: Chief Operating Officer & CFO | −416,371 | $5.91 |
| Aug 18, 2026 | Nicole Miller | officer: CHIEF LEGAL OFFICER | −33,479 | $5.51 |
| Aug 17, 2026 | Nicole Miller | officer: CHIEF LEGAL OFFICER | −43,996 | $5.51 |
| May 18, 2026 | Noel Bertram Watson | officer: Chief Operating Officer & CFO | −15,000 | $6.45 |
Peers
- H&R Block
Business formation plus tax and bookkeeping services
- Intuit
QuickBooks-led accounting and SMB management platform
- Docusign
Agreement workflow and eSignature platform
- Dropbox
Forms, agreements, and eSignature workflow peer
