RestructuringAug 5, 2026, 04:04 PM
LegalZoom Cuts 13% Workforce; Lowers FY26 Revenue Outlook
AI Summary
LegalZoom reported its second quarter 2026 financial results, with revenue up 7% year-over-year to $205.3 million and net income of $5.2 million. Adjusted EBITDA also increased to $45.9 million. However, the company announced a 13% workforce reduction and lowered its full-year 2026 revenue outlook to $795 million-$805 million, while maintaining a strong profitability outlook.
Key Highlights
- LegalZoom announced a 13% workforce reduction.
- Q2 2026 revenue increased 7% year-over-year to $205.3 million.
- Q2 2026 net income was $5.2 million, representing a 3% margin.
- Q2 2026 Adjusted EBITDA grew 18% year-over-year to $45.9 million (22% margin).
- The company completed $45.5 million in share repurchases during the quarter.
- Full-year 2026 revenue outlook lowered to $795 million-$805 million.
- Full-year 2026 Adjusted EBITDA outlook updated to $190 million-$195 million.
Price Impact
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