LZ 10-Q report for 2025-06-30

LZ 10-Q report for 2025-06-30 lz-20250630 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________ FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the three months ended June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from   to Commission file number 001-35618 LegalZoom.com, Inc. (Exact name of registrant as specified in its charter) ___________________________________ Delaware 95-4752856 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 954 Villa Street , Mountain View , California 94041 (Address of Principal Executive Offices, including Zip code) ( 323 ) 962-8600 (Registrant's telephone number, including area code) (Former name, former address and former fiscal year, if changed since last report) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, par value $0.001 per share LZ The Nasdaq Global Select Market Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.     Yes ☒ No  ☐  Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).                  Yes ☒ No  ☐  Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act. (Check one): Large accelerated filer ☒ Accelerated filer o Non-accelerated filer o Smaller reporting company o Emerging growth company o If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes    ☐    No  ☒ As of July 31, 2025, the registrant had outstanding 180,249,374 shares of common stock, $0.001 par value per share, outstanding . Forward-Looking Statements This Quarterly Report on Form 10-Q contains forward-looking statements. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act. All statements other than statements of historical facts contained in this Quarterly Report on Form 10-Q may be forward-looking statements. In some cases, you can identify forward-looking statements by terms such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “targets,” “projects,” “contemplates,” “believes,” “estimates,” “forecasts,” “predicts,” “potential” or “continue” or the negative of these terms or other similar expressions. Forward-looking statements contained in this Quarterly Report on Form 10-Q include, but are not limited to, statements regarding our future results of operations and financial position, industry and business trends, stock compensation, business strategy, plans, market growth and our objectives for future operations. The forward-looking statements in this Quarterly Report on Form 10-Q are only predictions. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our business, financial condition and results of operations. Forward-looking statements involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including but not limited to those factors discussed below under “Summary of Risk Factors” and in Part II, Item 1A, “Risk Factors” and elsewhere in this Quarterly Report on Form 10-Q, as well as any factors contained in our subsequent filings with the Securities and Exchange Commission, or SEC. The forward-look Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 24 Item 3. Quantitative and Qualitative Disclosures about Market Risk 41 Item 4. Controls and Procedures 42 Part II OTHER INFORMATION Item 1. Legal Proceedings 43 Item 1A . Risk Factors 43 Item 2. Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities 65 Item 3. Defaults Upon Senior Securities 65 Item 4. Mine Safety Disclosures 65 Item 5. Other Information 65 Item 6. Exhibits 66 Signatures 67 3 Table of Contents Part I Item 1. Condensed Consolidated Financial Statements (Unaudited) LegalZoom.com, Inc. Unaudited Condensed Consolidated Balance Sheets (In thousands, except par values) June 30, 2025 December 31, 2024 Assets Current assets: Cash and cash equivalents $ 217,035 $ 142,064 Accounts receivable, net of allowances of $ 2,280 and $ 2,121 , respectively 23,041 8,511 Prepaid expenses and other current assets 14,485 17,926 Current assets held for sale — 22,722 Total current assets 254,561 191,223 Property and equipment, net 60,495 59,788 Goodwill 139,570 63,318 Intangible assets, net 21,926 8,653 Operating lease right-of-use assets 13,648 7,189 Deferred income taxes 45,151 34,696 Available-for-sale debt security — 1,377 Other assets 7,679 7,639 Total assets $ 543,030 $ 373,883 Liabilities and stockholders’ equity Current liabilities: Accounts payable $ 34,779 $ 31,150 Accrued expenses and other current liabilities 73,873 57,928 Deferred revenue 213,908 174,643 Operating lease liabilities 3,947 1,861 Total current liabilities 326,507 265,582 Operating lease liabilities, non-current 10,439 6,018 Deferred revenue 339 381 Other liabilities 11,693 8,645 Total liabilities $ 348,978 $ 280,626 Commitments and contingencies (Note 7) Stockholders’ equity: Preferred stock, $ 0.001 par value; 100,000 shares authorized at June 30, 2025 and December 31, 2024, none issued or outstanding at June 30, 2025 and December 31, 2024 — — Common stock, $ 0.001 par value; 1,000,000 shares authorized; 180,081 shares and 173,619 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 181 175 Additional paid-in capital 1,278,383 1,161,538 Accumulated deficit ( 1,084,873 ) ( 1,069,317 ) Accumulated other comprehensive income 361 861 Total stockholders’ equity 194,052 93,257 Total liabilities and stockholders’ equity $ 543,030 $ 373,883 The accompanying notes are an integral part of these unaudited condensed consolidated financial statements 4 LegalZoom.com, Inc. Unaudited Condensed Consolidated Statements of Operations (In thousands, except per share amounts) Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 Revenue $ 192,509 $ 177,362 $ 375,619 $ 351,576 Cost of revenue 67,398 63,609 133,958 131,993 Gross profit 125,111 113,753 241,661 219,583 Operating expenses: Sales and marketing 69,580 60,130 130,958 113,883 Technology and development 21,635 25,798 42,957 49,755 General and administrative 36,996 26,679 76,217 49,744 Gain on sale of assets held for sale — — ( 14,337 ) — Total operating expenses 128,211 112,607 235,795 213,382 (Loss) income from operations ( 3,100 ) 1,146 5,866 6,201 Interest expense ( 165 ) ( 112 ) ( 347 ) ( 173 ) Interest income 2,069 2,315 3,552 5,202 Other income, net 652 11 999 104 (Loss) income before income taxes ( 544 ) 3,360 10,070 11,334  (Benefit from) provision for income taxes ( 278 ) 2,046 5,209 5,276 Net (loss) income $ ( 266 ) $ 1,314 $ 4,861 $ 6,058 Net (loss) income per share — basic: $ ( 0.00 ) $ 0.01 $ 0.03 $ 0.03 Net (loss) income per share — diluted: $ ( 0.00 ) $ 0.01 $ 0.03 $ 0.03 Weighted-average shares used to compute net (loss) income per share — basic: 180,880 184,257 178,837 186,438 Weighted-average shares used to compute net (loss) income per share — diluted: 180,880 186,456 182,694 189,926 The accompanying notes are an integral part of these unaudited condensed consolidated financial statements 5 LegalZoom.com, Inc. Unaudited Condensed Consolidated Statements of Comprehensive (Loss) Income (In thousands) Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 Net (loss) income $ ( 266 ) $ 1,314 $ 4,861 $ 6,058 Other comprehensive income, net of tax: Change in foreign currency translation adjustments ( 29 ) ( 4 ) ( 102 ) 292 Change in available-for-sale debt security due to unrealized (losses) gains ( 64 ) 154 89 154 Reclassification adjustment for net gain on available-for-sale debt securities included in net income ( 487 ) — ( 487 ) — Total other comprehensive (loss) income ( 580 ) 150 ( 500 ) 446 Total comprehensive (loss) income $ ( 846 ) $ 1,464 $ 4,361 $ 6,504 The accompanying notes are an integral part of these unaudited condensed consolidated financial statements 6 LegalZoom.com, Inc. Unaudited Condensed Consolidated Statements of Stockholders’ Equity (In thousands) Common Stock Additional Paid-In Capital Accumulated Deficit Accumulated Other Comprehensive Income Total Stockholders’ Equity Shares Amount Balance at December 31, 2024 173,619 $ 175 $ 1,161,538 $ ( 1,069,317 ) $ 861 $ 93,257 Issuance of common stock upon exercise of stock options 4,473 4 43,543 —  —  43,547 Issuance of common stock upon vesting of restricted stock unit awards 1,525 2 ( 2 ) —  —  — Shares surrendered for settlement of minimum statutory tax withholdings ( 645 ) ( 1 ) ( 5,941 ) —  —  ( 5,942 ) Stock-based compensation —  —  31,096 —  —  31,096 Other comprehensive income —  —  —  —  80 80 Net income —  —  —  5,127 —  5,127 Issuance of common stock for acquisition 2,205 2 20,045 —  —  20,047 Balance at March 31, 2025 181,177 $ 182 $ 1,250,279 $ ( 1,064,190 ) $ 941 $ 187,212 Issuance of common stock upon exercise of stock options and ESPP 151 —  1,117 —  —  1,117 Issuance of common stock upon vesting of restricted stock unit awards 1,509 2 ( 2 ) —  —  — Shares surrendered for settlement of minimum statutory tax withholdings ( 568 ) ( 1 ) ( 5,229 ) —  —  ( 5,230 ) Stock-based compensation —  —  32,218 —  —  32,218 Repurchase and retirement of common stock ( 2,188 ) ( 2 ) —  ( 20,417 ) —  ( 20,419 ) Other comprehensive loss —  —  —  —  ( 580 ) ( 580 ) Net loss —  —  —  ( 266 ) —  ( 266 ) Balance at June 30, 2025 180,081 $ 181 $ 1,278,383 $ ( 1,084,873 ) $ 361 $ 194,052 7 Common Stock Additional Paid-In Capital Accumulated Deficit Accumulated Other Comprehensive Income Total Stockholders’ Equity Shares Amount Balance at December 31, 2023 188,538 $ 189 $ 1,101,474 $ ( 933,061 ) $ 232 $ 168,834 Issuance of common stock upon exercise of stock options 161 —  82 —  —  82 Issuance of common stock upon vesting of restricted stock unit awards 2,236 2 ( 2 ) —  —  — Shares surrendered for settlement of minimum statutory tax withholdings ( 888 ) —  ( 9,564 ) —  —  ( 9,564 ) Stock-based compensation —  —  16,273 —  —  16,273 Repurchase and retirement of common stock ( 1,172 ) ( 1 ) —  ( 12,758 ) —  ( 12,759 ) Other comprehensive income —  —  —  —  296 296 Net income —  —  —  4,744 —  4,744 Balance at March 31, 2024 188,875 $ 190 $ 1,108,263 $ ( 941,075 ) $ 528 $ 167,906 Issuance of common stock upon exercise of stock options and ESPP 309 —  1,733 —  —  1,733 Issuance of common stock upon vesting of restricted stock unit awards 1,338 1 ( 1 ) —  —  — Shares surrendered for settlement of minimum statutory tax withholdings ( 485 ) —  ( 4,595 ) —  —  ( 4,595 ) Stock-based compensation —  —  20,542 —  —  20,542 Repurchase and retirement of common stock ( 13,929 ) ( 14 ) —  ( 125,185 ) —  ( 125,199 ) Stock repurchase excise tax —  —  —  ( 1,089 ) —  ( 1,089 ) Other comprehensive income —  —  —  —  150 150 Net income —  —  —  1,314 —  1,314 Balance at June 30, 2024 176,108 $ 177 $ 1,125,942 $ ( 1,066,035 ) $ 678 $ 60,762 The accompanying notes are an integral part of these unaudited condensed consolidated financial statements 8 LegalZoom.com, Inc. Unaudited Condensed Consolidated Statements of Cash Flows (In thousands) Six Months Ended June 30, 2025 2024 Cash flows from operating activities Net income $ 4,861 $ 6,058 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 21,745 16,096 Amortization of right-of-use assets 1,484 1,369 Amortization of debt issuance costs 112 113 Stock-based compensation 60,394 33,771 Deferred income taxes ( 5,725 ) ( 879 ) Change in fair value of other equity security ( 302 ) — Unrealized foreign exchange loss 31 338 Gain on sale of assets held for sale ( 14,337 ) — Gain on sale of available-for-sale debt security ( 648 ) — Loss on disposal of property and equipment 97 — Changes in operating assets and liabilities: Accounts receivable ( 14,254 ) ( 3,436 ) Prepaid expenses and other current assets 3,726 ( 7,265 ) Other assets 83 ( 254 ) Accounts payable 4,454 1,935 Accrued expenses and other liabilities ( 697 ) ( 6,309 ) Operating lease liabilities ( 1,056 ) ( 1,196 ) Income tax payable 239 ( 59 ) Deferred revenue 29,635 21,158 Net cash provided by operating activities 89,842 61,440 Cash flows from investing activities Acquisition, net of cash acquired ( 48,468 ) — Proceeds from sale of assets held for sale 37,051 — Proceeds from sale of available-for-sale debt security 1,507 — Purchase of property and equipment ( 16,908 ) ( 19,351 ) Net cash used in investing activities ( 26,818 ) ( 19,351 ) Cash flows from financing activities Repayment of capital lease obligations ( 2 ) ( 13 ) Share repurchase costs (excise tax) ( 1,264 ) — Repurchase of common stock ( 20,419 ) ( 136,450 ) Shares surrendered for settlement of minimum statutory tax withholding ( 11,172 ) ( 14,160 ) Proceeds from issuance of stock under employee stock plans 44,657 1,642 Net cash provided by (used in) financing activities 11,800 ( 148,981 ) Effect of exchange rate changes on cash and cash equivalents 147 ( 32 ) Net increase in cash and cash equivalents 74,971 ( 106,924 ) Cash and cash equivalents, at beginning of the period 142,064 225,719 Cash and cash equivalents, at end of the period $ 217,035 $ 118,795 Non-cash operating, investing, and financing activities: Acquisition-related deferred consideration  $ 13,058 $ — 9 Six Months Ended June 30, 2025 2024 Accrued stock repurchase excise tax $ — $ 1,089 Accrued stock repurchase costs — 1,532 Issuance of common stock for business acquired 20,048 — Purchase of property and equipment included in accounts payable and accrued expenses and other current liabilities 1,029 2,635 Capitalized stock-based compensation 2,920 3,044 Right-of-use assets obtained in exchange of operating lease liabilities (excluding right-of-use assets acquired as part of business acquisition) 4,059 — The accompanying notes are an integral part of these unaudited condensed consolidated financial statements 10 LegalZoom.com, Inc. Notes to Unaudited Condensed Consolidated Financial Statements Note 1. Description of the Business LegalZoom.com, Inc., was initially formed as a California corporation in 1999 and reincorporated as a Delaware corporation in 2007. LegalZoom.com, Inc., and its wholly owned subsidiaries, are referred to herein as the “Company”, “we,” “us,” or “our”. LegalZoom.com, Inc. is a leading online platform for legal services, transforming how individuals and small businesses navigate the legal system. By combining intuitive technology with access to experienced attorneys—whether through our vast independent attorney network or our owned LegalZoom Legal Services (LZLS) law firm—we offer the tools and guidance people need to confidently manage everything from business formation and compliance to estate planning and ongoing legal support. With over two decades of experience and millions of customers served, LegalZoom helps individuals and small businesses navigate legal needs with confidence. Note 2. Summary of Significant Accounting Policies A summary of the significant accounting policies we follow in the preparation of the accompanying unaudited condensed consolidated financial statements is set forth below. Basis of Presentation and Consolidation The accompanying unaudited condensed consolidated financial statements are presented in accordance with accounting principles generally accepted in the United States of America, or GAAP, for interim financial information. Certain information and disclosures normally included in consolidated financial statements prepared in accordance with GAAP have been condensed or omitted. Accordingly, these unaudited, condensed, consolidated financial statements should be read in conjunction with our audited, consolidated financial statements and the related notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2024. The December 31, 2024 unaudited condensed consolidated balance sheet was derived from our audited consolidated financial statements as of that date. Our unaudited condensed consolidated financial statements include, in the opinion of management, all adjustments, consisting of normal and recurring items, necessary for the fair statement of the unaudited condensed consolidated financial statements. All intercompany balances and transactions have been eliminated in consolidation. There have been no significant changes in accounting policies during the six months ended June 30, 2025 from those disclosed in the audited consolidated financial statements for the year ended December 31, 2024 and the related notes, except as noted below under Recently Adopted Accounting Pronouncements . The operating results for the three and six months ended June 30, 2025 are not necessarily indicative of the results expected for the full year ending December 31, 2025. Use of Estimates The preparation of unaudited conde Item 1A . Risk Factors 43 Item 2. Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities 65 Item 3. Defaults Upon Senior Securities 65 Item 4. Mine Safety Disclosures 65 Item 5. Other Information 65 Item 6. Exhibits 66 Signatures 67 3 Table of Contents Part I Item 1. Condensed Consolidated Financial Statements (Unaudited) LegalZoom.com, Inc. Unaudited Condensed Consolidated Balance Sheets (In thousands, except par values) June 30, 2025 December 31, 2024 Assets Current assets: Cash and cash equivalents $ 217,035 $ 142,064 Accounts receivable, net of allowances of $ 2,280 and $ 2,121 , respectively 23,041 8,511 Prepaid expenses and other current assets 14,485 17,926 Current assets held for sale — 22,722 Total current assets 254,561 191,223 Property and equipment, net 60,495 59,788 Goodwill 139,570 63,318 Intangible assets, net 21,926 8,653 Operating lease right-of-use assets 13,648 7,189 Deferred income taxes 45,151 34,696 Available-for-sale debt security — 1,377 Other assets 7,679 7,639 Total assets $ 543,030 $ 373,883 Liabilities and stockholders’ equity Current liabilities: Accounts payable $ 34,779 $ 31,150 Accrued expenses and other current liabilities 73,873 57,928 Deferred revenue 213,908 174,643 Operating lease liabilities 3,947 1,861 Total current liabilities 326,507 265,582 Operating lease liabilities, non-current 10,439 6,018 Deferred revenue 339 381 Other liabilities 11,693 8,645 Total liabilities $ 348,978 $ 280,626 Commitments and contingencies (Note 7) Stockholders’ equity: Preferred stock, $ 0.001 par value; 100,000 shares authorized at June 30, 2025 and December 31, 2024, none issued or outstanding at June 30, 2025 and December 31, 2024 — — Common stock, $ 0.001 par value; 1,000,000 shares authorized; 180,081 shares and 173,619 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 181 175 Additional paid-in capital 1,278,383 1,161,538 Accumulated deficit ( 1,084,873 ) ( 1,069,317 ) Accumulated other comprehensive income 361 861 Total stockholders’ equity 194,052 93,257 Total liabilities and stockholders’ equity $ 543,030 $ 373,883 The accompanying notes are an integral part of these unaudited condensed consolidated financial statements 4 LegalZoom.com, Inc. Unaudited Condensed Consolidated Statements of Operations (In thousands, except per share amounts) Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 Revenue $ 192,509 $ 177,362 $ 375,619 $ 351,576 Cost of revenue 67,398 63,609 133,958 131,993 Gross profit 125,111 113,753 241,661 219,583 Operating expenses: Sales and marketing 69,580 60,130 130,958 113,883 Technology and development 21,635 25,798 42,957 49,755 General and administrative 36,996 26,679 76,217 49,744 Gain on sale of assets held for sale — — ( 14,337 ) — Total operating expenses 128,211 112,607 235,795 213,382 (Loss) income from operations ( 3,100 ) 1,146 5,866 6,201 Interest expense ( 165 ) ( 112 ) ( 347 ) ( 173 ) Interest income 2,069 2,315 3,552 5,202 Other income, net 652 11 999 104 (Loss) income before income taxes ( 544 ) 3,360 10,070 11,334  (Benefit from) provision for income taxes ( 278 ) 2,046 5,209 5,276 Net (loss) income $ ( 266 ) $ 1,314 $ 4,861 $ 6,058 Net (loss) income per share — basic: $ ( 0.00 ) $ 0.01 $ 0.03 $ 0.03 Net (loss) income per share — diluted: $ ( 0.00 ) $ 0.01 $ 0.03 $ 0.03 Weighted-average shares used to compute net (loss) income per share — basic: 180,880 184,257 178,837 186,438 Weighted-average shares used to compute net (loss) income per share — diluted: 180,880 186,456 182,694 189,926 The accompanying notes are an integral part of these unaudited condensed consolidated financial statements 5 LegalZoom.com, Inc. Unaudited Condensed Consolidated Statements of Comprehensive (Loss) Income (In thousands) Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 Net (loss) income $ ( 266 ) $ 1,314 $ 4,861 $ 6,058 Other comprehensive income, net of tax: Change in foreign currency translation adjustments ( 29 ) ( 4 ) ( 102 ) 292 Change in available-for-sale debt security due to unrealized (losses) gains ( 64 ) 154 89 154 Reclassification adjustment for net gain on available-for-sale debt securities included in net income ( 487 ) — ( 487 ) — Total other comprehensive (loss) income ( 580 ) 150 ( 500 ) 446 Total comprehensive (loss) income $ ( 846 ) $ 1,464 $ 4,361 $ 6,504 The accompanying notes are an integral part of these unaudited condensed consolidated financial statements 6 LegalZoom.com, Inc. Unaudited Condensed Consolidated Statements of Stockholders’ Equity (In thousands) Common Stock Additional Paid-In Capital Accumulated Deficit Accumulated Other Comprehensive Income Total Stockholders’ Equity Shares Amount Balance at December 31, 2024 173,619 $ 175 $ 1,161,538 $ ( 1,069,317 ) $ 861 $ 93,257 Issuance of common stock upon exercise of stock options 4,473 4 43,543 —  —  43,547 Issuance of common stock upon vesting of restricted stock unit awards 1,525 2 ( 2 ) —  —  — Shares surrendered for settlement of minimum statutory tax withholdings ( 645 ) ( 1 ) ( 5,941 ) —  —  ( 5,942 ) Stock-based compensation —  —  31,096 —  —  31,096 Other comprehensive income —  —  —  —  80 80 Net income —  —  —  5,127 —  5,127 Issuance of common stock for acquisition 2,205 2 20,045 —  —  20,047 Balance at March 31, 2025 181,177 $ 182 $ 1,250,279 $ ( 1,064,190 ) $ 941 $ 187,212 Issuance of common stock upon exercise of stock options and ESPP 151 —  1,117 —  —  1,117 Issuance of common stock upon vesting of restricted stock unit awards 1,509 2 ( 2 ) —  —  — Shares surrendered for settlement of minimum statutory tax withholdings ( 568 ) ( 1 ) ( 5,229 ) —  —  ( 5,230 ) Stock-based compensation —  —  32,218 —  —  32,218 Repurchase and retirement of common stock ( 2,188 ) ( 2 ) —  ( 20,417 ) —  ( 20,419 ) Other comprehensive loss —  —  —  —  ( 580 ) ( 580 ) Net loss —  —  —  ( 266 ) —  ( 266 ) Balance at June 30, 2025 180,081 $ 181 $ 1,278,383 $ ( 1,084,873 ) $ 361 $ 194,052 7 Common Stock Additional Paid-In Capital Accumulated Deficit Accumulated Other Comprehensive Income Total Stockholders’ Equity Shares Amount Balance at December 31, 2023 188,538 $ 189 $ 1,101,474 $ ( 933,061 ) $ 232 $ 168,834 Issuance of common stock upon exercise of stock options 161 —  82 —  —  82 Issuance of common stock upon vesting of restricted stock unit awards 2,236 2 ( 2 ) —  —  — Shares surrendered for settlement of minimum statutory tax withholdings ( 888 ) —  ( 9,564 ) —  —  ( 9,564 ) Stock-based compensation —  —  16,273 —  —  16,273 Repurchase and retirement of common stock ( 1,172 ) ( 1 ) —  ( 12,758 ) —  ( 12,759 ) Other comprehensive income —  —  —  —  296 296 Net income —  —  —  4,744 —  4,744 Balance at March 31, 2024 188,875 $ 190 $ 1,108,263 $ ( 941,075 ) $ 528 $ 167,906 Issuance of common stock upon exercise of stock options and ESPP 309 —  1,733 —  —  1,733 Issuance of common stock upon vesting of restricted stock unit awards 1,338 1 ( 1 ) —  —  — Shares surrendered for settlement of minimum statutory tax withholdings ( 485 ) —  ( 4,595 ) —  —  ( 4,595 ) Stock-based compensation —  —  20,542 —  —  20,542 Repurchase and retirement of common stock ( 13,929 ) ( 14 ) —  ( 125,185 ) —  ( 125,199 ) Stock repurchase excise tax —  —  —  ( 1,089 ) —  ( 1,089 ) Other comprehensive income —  —  —  —  150 150 Net income —  —  —  1,314 —  1,314 Balance at June 30, 2024 176,108 $ 177 $ 1,125,942 $ ( 1,066,035 ) $ 678 $ 60,762 The accompanying notes are an integral part of these unaudited condensed consolidated financial statements 8 LegalZoom.com, Inc. Unaudited Condensed Consolidated Statements of Cash Flows (In thousands) Six Months Ended June 30, 2025 2024 Cash flows from operating activ results of operations and financial position, industry and business trends, stock compensation, business strategy, plans, market growth and our objectives for future operations. The forward-looking statements in this Quarterly Report on Form 10-Q are only predictions. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our business, financial condition and results of operations. Forward-looking statements involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including but not limited to those factors discussed below under “Summary of Risk Factors” and in Part II, Item 1A, “Risk Factors” and elsewhere in this Quarterly Report on Form 10-Q, as well as any factors contained in our subsequent filings with the Securities and Exchange Commission, or SEC. The forward-looking statements in this Quarterly Report on Form 10-Q are based upon information available to us as of the date of this Quarterly Report on Form 10-Q, and while we believe such information forms a reasonable basis for such statements, such information may be limited or incomplete, and our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain and investors are cautioned not to unduly rely upon these statements. You should read this Quarterly Report on Form 10-Q and the documents that we reference herein and have filed as exhibits to this Quarterly Report on Form 10-Q with the understanding that our actual future results, levels of activity, performance and achievements may be materially different from what we expect. We qualify all of our forward-looking statements by these cautionary statements. Except as required by applicable law, we do not plan to publicly update or revise any forward-looking statements contained in this Quarterly Report on Form 10-Q, whether as a result of any new information, future events or otherwise. Summary of Risk Factors Our business involves significant risks and you are urged to carefully consider the risks discussed under Part II, Item 1A, “Risk Factors” in this Quarterly Report on Form 10-Q prior to making an investment in our common stock. These risks include, but are not limited to, the following: • Our business primarily depends on business formations. • Our business depends substantially on our customers expanding their use of our platform, including converting our transactional customers to subscribers and our subscribers renewing their subscriptions with us. • Failure to effectively manage our growth could adversely impact our business. • Our future quarterly results of operations may fluctuate significantly due to a wide range of factors, which makes our future results difficult to predict. • We have a history of net losses and we may not be able to maintain profitability. • If we fail to provide high-quality products and services that meet our customers’ expectations, we may not be able to attract and retain customers. • If we do not continue to innovate and provide a platform that is useful to our customers, we may not remain competitive, and our results of operations could suffer. • The legal solutions market is highly competitive and our failure to effectively compete successfully could materially and adversely affect our business, results of operations, financial condition and future prospects. 1 Table of Contents • Our business depends on our brand and reputation, which could be adversely affected by numerous factors. • We are incorporating generative artificial intelligence into some of our offerings, which may present compliance risks and reputational risks. • If our marketing efforts are unsuccessful, our business, results of operations, financial condition and future prospects may be adversely affected. • We depend on top talent, including our senior management team, to grow and operate our business, and if we are unable to hire, retain or motivate our employees, we may not be able to grow or operate effectively, which may adversely affect our business and future prospects. • Our business and success depend in part on our strategic relationships with third parties, including our partner ecosystem, and our business may be harmed if we fail to maintain or expand these relationships. • Our reliance on third party providers could adversely affect our business. • The acquisition of Formation Nation, Inc. and any future acquisitions or investments may divert management’s attention, result in additional dilution to our stockholders or adversely affect our operating results. • If we are unable to maintain effective internal control

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The provided excerpt is only the boilerplate cover/filing-status section of Teucrium Commodity Trust’s Form 10‑Q for period ended 2026‑03‑31, with no portfolio holdings, performance, risk, or material updates included. As-is, it contains no actionable investment information beyond confirming the existence of the filing and the issuer/ticker identity (WEAT).

The provided excerpt is only the cover/header portion of Archer Aviation’s Form 10‑Q for the quarter ended 2026‑03‑31 (issuer identity, exchange listing, and securities outstanding). It contains no operating/financial results, guidance, liquidity details, backlog, or risk-factor updates—so it is minimally actionable for trading beyond basic security identifiers and a generic dilution/optionality consideration from warrants.

This excerpt is essentially the cover page of CleanSpark, Inc.’s Form 10-Q for the quarter ended March 31, 2026. It contains identifiers (CIK/file no.), listing venue, and security descriptions (common stock and redeemable warrants with specific exercise terms), but no operating/financial results, guidance, risks, or MD&A detail. Actionability is therefore limited to capital-structure/dilution considerations around the listed warrant.

This excerpt of AST SpaceMobile’s 10‑Q is largely SEC cover-page/boilerplate (registrant info, exchange listing, filing compliance) and contains no financial results, guidance, liquidity, risk-factor updates, or operating metrics. As provided, it does not create a clear tradable catalyst beyond confirming continued reporting/listing status.

This excerpt only includes the cover page of Super Micro Computer, Inc.’s Form 10‑Q for the quarter ended March 31, 2026. It confirms the filing, issuer identity, listing (Nasdaq), and ticker (SMCI), but contains no financial results, guidance, risks, or MD&A content to support a directional investment view.

The provided text is only the cover/header portion of AbCellera Biologics Inc.’s Form 10‑Q for the quarter ended March 31, 2026 (identifying info, exchange listing, filing status). It contains no financial statements, guidance, risk updates, material events, MD&A, cash runway, pipeline/program updates, or disclosures that would support a differentiated trading view.