LEGALZOOM.COM, INC.
For the period ended Dec 31, 2025. Filed Feb 23, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 23, 2026
LZ$4.71-2.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Cash flows from operating activities | |||
| Net income | $15,427 | $29,963 | $13,953 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 44,123 | 34,927 | 25,383 |
| Amortization of debt issuance costs | 210 | 227 | 227 |
| Amortization of right-of-use assets | 3,287 | 2,132 | 2,692 |
| Stock-based compensation | 113,708 | 71,510 | 66,015 |
| Gain on sale of assets held for sale | (14,337) | — | — |
| Change in fair value of other equity security | (302) | — | — |
| Gain on sale of available-for-sale debt security | (758) | — | — |
| Deferred income taxes | 6,634 | (4,552) | 4,712 |
| Change in fair value of contingent consideration | — | — | (836) |
| Unrealized foreign exchange loss (gain) | 75 | 648 | (1,387) |
| Non-cash interest expense | 548 | — | — |
| Other | 293 | — | (39) |
| Changes in operating assets and liabilities, net of effects of business combination: | |||
| Accounts receivable | (11,802) | 3,227 | 1,441 |
| Prepaid expenses and other current assets | (252) | (2,775) | 1,557 |
| Other assets | 926 | 707 | 435 |
| Accounts payable | (3,657) | (817) | 5,025 |
| Accrued expenses and other liabilities | 7,147 | (4,156) | 4,119 |
| Operating lease liabilities | (2,647) | (1,942) | (2,319) |
| Income tax payable | 255 | (44) | (4) |
| Deferred revenue | 19,319 | 6,584 | 3,334 |
| Net cash provided by operating activities | 178,197 | 135,639 | 124,308 |
| Cash flows from investing activities | |||
| Acquisitions, net of cash acquired | (48,468) | — | — |
| Purchase of property and equipment | (30,277) | (35,696) | (31,593) |
| Proceeds from sale of available-for-sale debt security | 1,617 | — | — |
| Proceeds from sale of assets held for sale | 37,051 | — | — |
| Other | — | — | 38 |
| Net cash used in investing activities | (40,077) | (35,696) | (31,555) |
| Cash flows from financing activities | |||
| Repayment of finance lease obligations | (2) | (25) | (35) |
| Payment of debt issuance costs | (841) | — | — |
| Repurchase of common stock | (80,532) | (165,014) | (54,873) |
| Payment of share repurchase excise taxes and repurchase costs | (1,264) | (169) | (100) |
Consolidated Statements of Cash Flows (continued)
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Shares surrendered for settlement of minimum statutory tax withholding | (40,387) | (20,491) | (9,587) |
| Proceeds from issuance of stock under employee stock plans | 45,770 | 2,414 | 8,445 |
| Net cash used in financing activities | (77,256) | (183,285) | (56,150) |
| Effect of exchange rate changes on cash and cash equivalents | 172 | (313) | 34 |
| Net increase (decrease) in cash and cash equivalents | 61,036 | (83,655) | 36,637 |
| Cash and cash equivalents, at beginning of the period | 142,064 | 225,719 | 189,082 |
| Cash and cash equivalents, at end of the period | $203,100 | $142,064 | $225,719 |
| Reconciliation of cash and cash equivalents in the consolidated balance sheets | |||
| Cash and cash equivalents | $203,100 | $142,064 | $225,719 |
| Non-cash operating, investing, and financing activities: | |||
| Right of use assets obtained in exchange of operating lease liabilities (excluding right-of-use assets acquired as part of business acquisition) | $5,627 | $803 | $63 |
| Capitalized stock-based compensation | 5,264 | 5,967 | 4,056 |
| Purchase of property and equipment included in accounts payable and accrued expenses and other current liabilities | 1,520 | 2,342 | 2,577 |
| Issuance of common stock for acquisition consideration | 20,047 | — | — |
| Accrued stock repurchase excise tax | — | 1,247 | 185 |
| Acquisition related deferred consideration | 12,729 | — | — |
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