Legalzoom.Com, Inc. ( (LZ) ) has released its Q4 earnings. Here is a breakdown of the information Legalzoom.Com, Inc. presented to its investors.
LegalZoom.com, Inc. is a leading online platform providing legal services to individuals and small businesses, focusing on business formation, compliance, and ongoing legal support.
In its latest earnings report, LegalZoom announced strong financial results for the fourth quarter and full year 2024, with revenue and earnings at the high end of their outlook range. The company also revealed its acquisition of Formation Nation to bolster its growth strategy.
Key financial highlights include a 6% year-over-year increase in full-year subscription revenue to $436.2 million, a 115% rise in net income to $30 million, and a 25% increase in Adjusted EBITDA to $148.1 million. The company ended the year with $142.1 million in cash and no debt. Additionally, LegalZoom’s gross margin improved to 67% for the quarter, and net income per share rose to $0.07 from $0.04 in the previous year.
Looking ahead, LegalZoom’s management is optimistic about 2025, projecting a 5% revenue growth and an expansion in margins. The company plans to focus on its core legal and compliance services while enhancing subscription revenue and operational efficiencies.