Financial Statements — LZ
Balance Sheet
(in billions USD)| Metric | Q2
2026 | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 |
|---|
| Cash & Equivalents | 0.17 | 0.18 | 0.24 | 0.22 | 0.21 | 0.11 | 0.12 | 0.23 | 0.21 | 0.24 | 0.20 | 0.21 | 0.22 | 0.25 | 0.31 | 0.17 |
| Accounts Receivable | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.02 | 0.02 | 0.01 | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Total Current Assets | 0.21 | 0.23 | 0.28 | 0.25 | 0.25 | 0.17 | 0.18 | 0.28 | 0.27 | 0.29 | 0.26 | 0.26 | 0.24 | 0.28 | 0.34 | 0.19 |
| Property, Plant & Equipment | 0.05 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.05 | 0.04 | 0.04 | 0.03 | 0.03 | 0.05 | 0.05 | 0.05 | 0.05 |
| Goodwill | 0.14 | 0.14 | 0.14 | 0.14 | 0.14 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.01 | 0.01 |
| Intangible Assets | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.02 | 0.00 | 0.00 |
| Total Non-current Assets* | 0.25 | 0.26 | 0.27 | 0.29 | 0.28 | 0.18 | 0.18 | 0.18 | 0.16 | 0.16 | 0.16 | 0.16 | 0.17 | 0.17 | 0.10 | 0.10 |
| Total Assets | 0.47 | 0.49 | 0.55 | 0.54 | 0.53 | 0.35 | 0.36 | 0.46 | 0.43 | 0.45 | 0.42 | 0.42 | 0.41 | 0.45 | 0.43 | 0.29 |
| Accounts Payable | 0.06 | 0.06 | 0.08 | 0.07 | 0.07 | 0.06 | 0.06 | 0.05 | 0.06 | 0.05 | 0.05 | 0.06 | 0.06 | 0.06 | 0.04 | 0.05 |
| Total Current Liabilities | 0.32 | 0.32 | 0.33 | 0.33 | 0.32 | 0.27 | 0.28 | 0.28 | 0.27 | 0.27 | 0.26 | 0.26 | 0.24 | 0.25 | 0.24 | 0.24 |
| Long-term Debt | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.51 |
| Total Non-current Liabilities* | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.52 |
| Total Liabilities | 0.34 | 0.34 | 0.35 | 0.35 | 0.35 | 0.29 | 0.30 | 0.29 | 0.28 | 0.28 | 0.27 | 0.27 | 0.25 | 0.26 | 0.24 | 0.76 |
| Retained Earnings | (1.22) | (1.18) | (1.10) | (1.08) | (1.06) | (1.08) | (1.07) | (0.94) | (0.94) | (0.90) | (0.90) | (0.87) | (0.83) | (0.78) | (0.73) | (0.69) |
| Total Stockholder Equity | 0.13 | 0.15 | 0.20 | 0.19 | 0.19 | 0.06 | 0.06 | 0.17 | 0.15 | 0.17 | 0.15 | 0.15 | 0.17 | 0.19 | 0.19 | (0.55) |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Total Revenue | 205.29 | 206.78 | 190.27 | 190.16 | 192.51 | 183.11 | 161.71 | 168.60 | 177.36 | 174.21 | 158.66 | 167.27 | 168.85 | 165.94 | 147.49 | 154.42 | 163.87 | 154.21 | 142.14 | 147.88 |
| Cost of Revenue | 65.36 | 74.53 | 61.73 | 62.27 | 67.40 | 66.56 | 53.39 | 54.72 | 63.61 | 68.38 | 55.91 | 59.21 | 63.75 | 60.40 | 47.71 | 50.05 | 57.39 | 55.94 | 48.28 | 47.27 |
| Gross Profit | 139.93 | 132.25 | 128.54 | 127.89 | 125.11 | 116.55 | 108.32 | 113.88 | 113.75 | 105.83 | 102.76 | 108.06 | 105.11 | 105.54 | 99.78 | 104.37 | 106.47 | 98.27 | 93.86 | 100.61 |
| Total Operating Expenses | 129.28 | 129.49 | 115.92 | 121.39 | 128.21 | 107.58 | 95.21 | 97.62 | 112.61 | 100.78 | 95.90 | 97.81 | 100.36 | 106.34 | 94.25 | 113.94 | 118.11 | 124.32 | 119.56 | 128.12 |
| Operating Income | 10.65 | 2.76 | 12.62 | 6.49 | (3.10) | 8.97 | 13.11 | 16.27 | 1.15 | 5.06 | 6.85 | 10.26 | 4.75 | (0.80) | 5.53 | (9.58) | (11.64) | (26.05) | (25.70) | (27.51) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.06 | -- | -- | -- | -- | -- | -- | -- | 0.05 | 0.06 | 9.96 |
| Pretax Income | 12.15 | 3.82 | 13.99 | 8.38 | (0.54) | 10.61 | 12.47 | 19.28 | 3.36 | 7.97 | 10.50 | 12.00 | 7.52 | 1.48 | 5.18 | (11.58) | (13.63) | (27.65) | (24.87) | (45.58) |
| Tax Provision | 6.97 | 2.71 | 7.93 | 3.87 | (0.28) | 5.49 | (0.39) | 8.23 | 2.05 | 3.23 | 3.11 | 4.46 | 6.13 | 3.84 | 0.02 | (1.47) | (0.45) | 2.96 | (4.10) | (5.91) |
| Net Income | 5.18 | 1.10 | 6.06 | 4.51 | (0.27) | 5.13 | 12.85 | 11.05 | 1.31 | 4.74 | 7.38 | 7.53 | 1.40 | (2.36) | 5.16 | (10.11) | (13.18) | (30.61) | (20.77) | (39.67) |
| Basic EPS | 0.03 | 0.01 | 0.03 | 0.03 | 0.00 | 0.03 | 0.07 | 0.06 | 0.01 | 0.03 | 0.03 | 0.04 | 0.01 | (0.01) | 0.02 | (0.05) | (0.07) | (0.15) | (0.08) | (0.20) |
| Diluted EPS | 0.03 | 0.01 | 0.03 | 0.02 | 0.00 | 0.03 | 0.07 | 0.06 | 0.01 | 0.02 | 0.03 | 0.04 | 0.01 | (0.01) | 0.02 | (0.05) | (0.07) | (0.15) | (0.08) | (0.20) |
Cash Flow Statement
(in millions USD)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Operating Cash Flow | 39.55 | 47.28 | 34.13 | 54.23 | 39.14 | 50.70 | 42.59 | 31.61 | 27.25 | 34.19 | 22.49 | 27.44 | 45.17 | 29.21 | 21.82 | 27.26 | 11.02 | 13.74 | (6.00) | 19.46 |
| Capital Expenditures | 5.86 | 6.31 | 6.13 | 7.24 | 7.53 | 9.38 | 6.71 | 9.64 | 9.87 | 9.48 | 8.37 | 7.99 | 7.80 | 7.43 | 5.66 | 6.06 | 5.47 | 4.91 | 3.24 | 2.50 |
| Free Cash Flow* | 33.69 | 40.97 | 28.00 | 46.99 | 31.61 | 41.33 | 35.88 | 21.98 | 17.37 | 24.72 | 14.12 | 19.45 | 37.37 | 21.78 | 16.17 | 21.20 | 5.55 | 8.83 | (9.24) | 16.96 |
| Investing Cash Flow | (5.86) | (6.31) | (6.02) | (7.24) | (6.37) | (20.45) | (6.71) | (9.64) | (9.87) | (9.48) | (8.37) | (7.95) | (7.80) | (7.43) | (11.96) | (8.59) | (5.46) | (4.61) | (65.89) | (5.78) |
| Financing Cash Flow | (49.61) | (60.85) | (62.22) | (26.83) | (25.80) | 37.60 | (5.95) | (28.35) | (126.71) | (22.27) | (0.59) | (46.24) | (2.57) | (6.75) | (32.65) | (22.40) | (37.43) | (0.87) | 0.52 | 130.08 |
* Derived from reported values
