LZ

Human-in-the-loop subscriptions generated 49% of third-quarter revenue. Business formation volume dropped 13% year over year to 110,000.

Revenue of  $195.1 million, up 3% year-over-year, above the midpoint of the Company's guidance range Subscription revenue of $139.7 million, up 11% year-over-year, marking the sixth consecutive quarter of double digit-subscription revenue growth Net income of $8.1 million and net income margin of 4%, with net income margin increasing approximately 180 basis points year-over-year Adjusted EBITDA of $50.0 million and Adjusted EBITDA margin of 26%, at the midpoint of the Company's guidance range, with Adjusted EBITDA margin increasing approximately 130 basis points year-over-year Completed $14.6 million of share repurchases in the quarter, with approximately $65.8 million remaining under the existing authorization as of September 30, 2026 Ended the quarter with cash and cash equivalents of $181.7 million and delivered $39.9 million in cash from operating activities and $34.1 million in free cash flow with no debt outstanding as of September 30, 2026 Reiterating the midpoint of full-year 2026 revenue outlook of approximately $800.0 million, or 6% year-over-year growth, and narrowing the range to $797.0–$803.0 million; updating Adjusted EBITDA outlook to a range of $180.0-$185.0 million, or Adjusted EBITDA margin of approximately 23% at the midpoint, reflecting a challenging customer acquisition environment and continued investment behind LegalZoom's growth priorities and channel diversification MOUNTAIN VIEW, Calif., Nov. 04, 2026 (GLOBE NEWSWIRE) -- LegalZoom (Nasdaq: LZ), America's #1 online legal services company, today announced results for its third quarter ended September 30, 2026.

LegalZoom is undervalued after a 45% share price decline despite continued revenue and cash flow growth. LZ is shifting its product mix toward higher-value offerings, driving increased profitability and average revenue per subscription unit. Management reduced 2026 revenue guidance to $795–$805 million and EBITDA to $190–$195 million, but valuation multiples remain compelling.

MOUNTAIN VIEW, Calif., Oct. 21, 2026 (GLOBE NEWSWIRE) -- LegalZoom (Nasdaq: LZ), America's #1 online legal services company, today announced it will report its financial results for the third quarter ended September 30, 2026, on Wednesday, November 4, 2026, after the close of market.

Investors need to pay close attention to LZ stock based on the movements in the options market lately.

LegalZoom shares dropped after the Company cut full-year revenue guidance to approximately $795-$805 million from $810-$830 million and announced a workforce reduction of roughly 13%. Levi & Korsinsky is investigating potential securities law violations on behalf of LZ investors who lost money.

LegalZoom told investors in May 2026 that full-year revenue would reach $810 million to $830 million. On August 5, that outlook was cut. Levi & Korsinsky is investigating potential securities law violations on behalf of LZ investors. LegalZoom told investors in May 2026 that full-year revenue would reach $810 million to $830 million. On August 5, that outlook was cut. Levi & Korsinsky is investigating potential securities law violations on behalf of LZ investors.

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LegalZoom faces significant headwinds after a Q2 revenue miss, growth deceleration, and a guidance cut, prompting a downgrade to neutral. LZ's shift to subscription services is offset by subscriber churn and declining transactional revenue, raising concerns about sustainable growth. AI-driven changes in Google search traffic and a DIY environment are challenging LZ's customer acquisition and market relevance.

LegalZoom.com NASDAQ: LZ reported second-quarter revenue of $205 million, up 7% from a year earlier and in line with its guidance, while adjusted EBITDA increased 18% to $46 million and exceeded the high end of its outlook.