Quarterly ResultMay 6, 2026, 05:07 PM
LegalZoom Q1 Revenue $206.78M; Net Income $1.10M, down from $5.13M
AI Summary
LegalZoom reported Q1 2026 revenue of $206.78 million, a 12.9% increase year-over-year, but net income significantly declined by 78.5% to $1.10 million. Basic earnings per share also fell to $0.01 from $0.03 in the prior year quarter. The company also announced a $100.0 million increase to its stock repurchase program, bringing the total authorization to $415.0 million, and repurchased $43.5 million worth of shares during the quarter.
Key Highlights
- Q1 2026 Revenue increased 12.9% to $206.78 million from $183.11 million YoY.
- Q1 2026 Net Income decreased 78.5% to $1.10 million from $5.13 million YoY.
- Basic EPS for Q1 2026 was $0.01, down from $0.03 in Q1 2025.
- Stock repurchase program increased by $100.0 million to an aggregate of $415.0 million.
- Repurchased 5.3 million shares for $43.5 million during Q1 2026.
- Cash and cash equivalents were $183.15 million as of March 31, 2026.
- Deferred revenue grew to $223.5 million as of March 31, 2026.
- Net cash provided by operating activities was $47.28 million in Q1 2026.