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Lazard LAZ Indefinite-lived net operating loss carryforwards

Indefinite-lived net operating loss carryforwards at other companies

CHE
ChemedCHE
$52M+32.0%
Alignment Healthcare logo
Alignment HealthcareALHC
$95.33M-74.5%
First BanCorp logo
First BanCorpFBP
$16.1M-93.1%
Cal-Maine Foods logo
Cal-Maine FoodsCALM
$6K-72.7%
Warby Parker logo
Warby ParkerWRBY
$299.9M-1.8%
Kulicke & Soffa Industries logo
Kulicke & Soffa IndustriesKLIC
$35.7M

Other financials

Income statement

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Revenue$756.6M+16.7%
Operating income$89.6M+63.9%
Net income$100.9M+67.1%
EPS (diluted)$0.91+62.5%

Balance sheet

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Cash & equivalents$1.0B+12.3%
Total debt$2.2B-1.4%
Total equity$881.3M+46.1%
Total assets$4.2B+0.2%

Cash flow

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Operating cash flow-$219.3M-0.8%
CapEx$2.2M-84.2%
Free cash flow-$221.5M+4.3%

Valuation

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Market cap$4.36B+2.5%
Enterprise value$5.5B-0.9%
P/E15.7×+1.7×
P/S1.4×-0.1×

Profitability

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Operating margin11.3%-1.9pp
Net margin8.6%-1.7pp
FCF margin15.5%-3.7pp

Returns & leverage

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Return on equity37.4%-23.8pp
Debt / equity2.5×-1.2×

Where this comes from

Reported directly by Lazard in its filing.

Tagged under the XBRL concept laz:IndefiniteLivedNetOperatingLossCarryforwards.

The official record: Lazard’s 10-K, filed February 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Lazard's indefinite-lived net operating loss carryforwards?
Lazard (LAZ) reported indefinite-lived net operating loss carryforwards of $90M in Q4 2025.
How has Lazard's indefinite-lived net operating loss carryforwards changed year-over-year?
Lazard's indefinite-lived net operating loss carryforwards decreased by 1.1% year-over-year, from $91M to $90M.
What is the long-term trend for Lazard's indefinite-lived net operating loss carryforwards?
Over 4 years (2021 to 2025), Lazard's indefinite-lived net operating loss carryforwards has grown at a 16.4% compound annual growth rate (CAGR), from $49M to $90M.
What does indefinite-lived net operating loss carryforwards mean?
This represents net operating loss carryforwards that do not have a statutory expiration date for utilization against future taxable income. These assets provide long-term tax planning flexibility and potential value preservation for shareholders. They are particularly valuable for companies with cyclical earnings profiles.