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LAW logoCS Disco, Inc.(LAW)Earnings, Financials & Key Ratios

LAW•NYSE
$3.98
$252M mkt cap·Price updated May 7, 2026
SectorTechnologyIndustryApplication SoftwareSub-IndustryContent management and document workflows
AboutCS Disco, Inc., a legal technology company, provides cloud-native and artificial intelligence-powered legal solutions for ediscovery, legal document review, and case management for enterprises, law firms, legal services providers, and governments. The company offers DISCO Ediscovery, a solution that automates ediscovery process and saves legal departments from manual tasks associated with collecting, processing, enriching, searching, reviewing, analyzing, producing, and using enterprise data that is at issue in legal matters. It also provides DISCO Review, an AI-powered document review solution, which consistently delivers legal document reviews; and DISCO Case Builder, a solution that allows legal professionals to collaborate with teams to build a compelling case by offering a single place to search, organize, and review witness testimony and other legal data. The company's tools are used in various legal matters comprising litigation, investigation, compliance, and diligence. CS Disco, Inc. was founded in 2012 and is headquartered in Austin, Texas.Show more
  • Revenue$157M+8.3%
  • EBITDA-$48M+17.1%
  • Net Income-$44M+20.4%
  • EPS (Diluted)-0.72+22.6%
  • Gross Margin74.86%+0.9%
  • EBITDA Margin-30.55%+23.5%
  • Operating Margin-30.68%+28.0%
  • Net Margin-28.29%+26.5%
  • ROE-32.2%-0.4%
  • ROIC-33.97%+43.5%
Technical→

LAW Key Insights

CS Disco, Inc. (LAW) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Strong 5Y sales CAGR of 18.0%

✗Weaknesses

  • ✗Profits declining 14.2% over 5 years
  • ✗Negative free cash flow
  • ✗Low quality earnings: Net income not backed by cash flow
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

LAW Price & Volume

CS Disco, Inc. (LAW) stock price & volume — 10-year historical chart

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LAW Growth Metrics

CS Disco, Inc. (LAW) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years18.04%
3 Years5.08%
TTM11.07%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM24.72%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM26.6%

Return on Capital

10 Years-42.09%
5 Years-26.56%
3 Years-30%
Last Year-33.44%

LAW Recent Earnings

CS Disco, Inc. (LAW) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 12/12 qtrs (100%)●Beat Revenue 9/12 qtrs (75%)
Q2 2026Latest
May 6, 2026
EPS
$0.07
Est $0.09
+19.2%
Revenue
$42M
Est $40M
+3.9%
Q1 2026
Feb 25, 2026
EPS
$0.04
Est $0.05
+20.0%
Revenue
$41M
Est $40M
+3.1%
Q4 2025
Nov 5, 2025
EPS
$0.01
Est $0.06
+83.3%
Revenue
$41M
Est $40M
+2.5%
Q3 2025
Aug 6, 2025
EPS
$0.04
Est $0.07
+42.9%
Revenue
$38M
Est $38M
+1.3%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 6, 2026
$0.07vs $0.09+19.2%
$42Mvs $40M+3.9%
Q1 2026Feb 25, 2026
$0.04vs $0.05+20.0%
$41Mvs $40M+3.1%
Q4 2025Nov 5, 2025
$0.01vs $0.06+83.3%
$41Mvs $40M+2.5%
Q3 2025Aug 6, 2025
$0.04vs $0.07+42.9%
$38Mvs $38M+1.3%
Based on last 12 quarters of dataView full earnings history →

LAW Peer Comparison

CS Disco, Inc. (LAW) competitors in Content management and document workflows — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
LFST logoLFSTLifeStance Health Group, Inc.Direct Competitor3.43B8.85442.5013.85%1.55%1.56%0.13
ALKT logoALKTAlkami Technology, Inc.Direct Competitor1.87B17.43-37.8932.89%-10.55%-13.96%0.98
OWLT logoOWLTOwlet, Inc.Direct Competitor17.66B4.86-2.1735.42%-42.51%-5.88%0.37
DOCU logoDOCUDocuSign, Inc.Product Competitor9.53B48.1932.568.16%9.6%15.65%0.10
LEGN logoLEGNLegend Biotech CorporationProduct Competitor5.28B28.57-8.8764.47%-28.83%-29.22%0.41
CSGP logoCSGPCoStar Group, Inc.Product Competitor14.83B34.982107.2318.67%0.74%0.3%0.14
VNET logoVNETVNET Group, Inc.Product Competitor2.6B8.9692.3911.41%-5.98%-7.63%2.67
MSFT logoMSFTMicrosoft CorporationSupply Chain3.13T420.9230.8614.93%39.34%33.13%0.33

Compare LAW vs Peers

CS Disco, Inc. (LAW) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs LFST

Most directly comparable listed peer for LAW.

Scale Benchmark

vs GOOGL

Larger-name benchmark to compare LAW against a more recognizable public peer.

Peer Set

Compare Top 5

vs LFST, ALKT, OWLT, DOCU

LAW Income Statement

CS Disco, Inc. (LAW) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Sales/Revenue48.56M68.44M114.34M135.19M138.09M144.84M156.85M162.08M
Revenue Growth %-40.96%67.06%18.23%2.15%4.89%8.29%11.07%
Cost of Goods Sold14.46M20.45M31.1M34.16M34.95M37.41M39.42M40.72M
COGS % of Revenue29.77%29.88%27.2%25.27%25.31%25.83%25.14%-
Gross Profit
34.1M▲ 0%
47.99M▲ 40.8%
83.24M▲ 73.4%
101.03M▲ 21.4%
103.14M▲ 2.1%
107.43M▲ 4.2%
117.42M▲ 9.3%
121.36M▲ 0%
Gross Margin %70.23%70.12%72.8%74.73%74.69%74.17%74.86%74.88%
Gross Profit Growth %-40.75%73.44%21.36%2.09%4.15%9.31%-
Operating Expenses64.45M70.5M107.07M172.84M152.99M169.15M165.55M166.96M
OpEx % of Revenue132.73%103%93.64%127.85%110.79%116.78%105.55%-
Selling, General & Admin39.1M44.95M72.66M113.58M101.36M102.43M108.95M109.92M
SG&A % of Revenue80.52%65.68%63.55%84.01%73.4%70.72%69.46%-
Research & Development25.35M26.6M34.41M59.26M51.62M51.51M56.6M57.04M
R&D % of Revenue52.21%38.86%30.1%43.83%37.38%35.56%36.08%-
Other Operating Expenses0-1.06M00015.21M00
Operating Income
-30.35M▲ 0%
-22.5M▲ 25.9%
-23.83M▼ 5.9%
-71.81M▼ 201.3%
-49.84M▲ 30.6%
-61.72M▼ 23.8%
-48.12M▲ 22.0%
-45.61M▲ 0%
Operating Margin %-62.51%-32.88%-20.84%-53.12%-36.1%-42.61%-30.68%-28.14%
Operating Income Growth %-25.86%-5.9%-201.35%30.59%-23.83%22.03%-
EBITDA-29.55M-20.88M-21.09M-68.83M-45.69M-57.8M-47.91M-41.22M
EBITDA Margin %-60.85%-30.5%-18.45%-50.92%-33.08%-39.9%-30.55%-25.43%
EBITDA Growth %-29.34%-1.03%-226.35%33.63%-26.51%17.11%29.21%
D&A (Non-Cash Add-back)803K1.62M2.74M2.97M4.16M3.93M214K4.39M
EBIT-29.7M-22.35M-23.72M-70.11M-41.54M-54.89M-43.63M-32.37M
Net Interest Income528K-301K-434K1.23M8.14M6.28M01.21M
Interest Income652K155K106K1.7M8.31M6.84M01.21M
Interest Expense124K456K540K473K168K556K00
Other Income/Expense528K-301K-434K1.23M8.14M6.28M4.5M3.76M
Pretax Income
-29.82M▲ 0%
-22.8M▲ 23.5%
-24.26M▼ 6.4%
-70.58M▼ 190.9%
-41.71M▲ 40.9%
-55.44M▼ 32.9%
-43.63M▲ 21.3%
-41.85M▲ 0%
Pretax Margin %-61.42%-33.31%-21.22%-52.21%-30.2%-38.28%-27.82%-25.82%
Income Tax10K71K81K186K443K332K743K465K
Effective Tax Rate %-0.03%-0.31%-0.33%-0.26%-1.06%-0.6%-1.7%-1.11%
Net Income
-29.83M▲ 0%
-22.87M▲ 23.3%
-24.34M▼ 6.4%
-70.77M▼ 190.7%
-42.15M▲ 40.4%
-55.77M▼ 32.3%
-44.37M▲ 20.4%
-42.6M▲ 0%
Net Margin %-61.44%-33.42%-21.29%-52.34%-30.52%-38.51%-28.29%-26.28%
Net Income Growth %-23.33%-6.43%-190.69%40.44%-32.32%20.44%24.72%
Net Income (Continuing)-29.83M-22.87M-24.34M-70.77M-42.15M-55.77M-44.37M-42.6M
Discontinued Operations00000000
Minority Interest00000000
EPS (Diluted)
-0.52▲ 0%
-0.40▲ 23.1%
-0.42▼ 5.0%
-1.20▼ 185.7%
-0.70▲ 41.7%
-0.93▼ 32.9%
-0.72▲ 22.6%
-0.67▲ 0%
EPS Growth %-23.08%-5%-185.71%41.67%-32.86%22.58%26.6%
EPS (Basic)-0.52-0.40-0.42-1.20-0.70-0.93-0.72-
Diluted Shares Outstanding56.88M56.88M58.01M58.75M60.14M60.21M61.72M63.67M
Basic Shares Outstanding56.88M56.88M58.01M58.75M60.14M60.21M61.72M63.67M
Dividend Payout Ratio--------

LAW Balance Sheet

CS Disco, Inc. (LAW) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Total Current Assets31.93M72.84M280.85M231.54M192.34M156.94M152.99M142.52M
Cash & Short-Term Investments23.22M58.57M255.48M203.24M159.55M129.13M114.6M103.04M
Cash Only23.22M58.57M255.48M203.24M159.55M52.77M19.66M17.65M
Short-Term Investments0000076.36M94.94M85.39M
Accounts Receivable7.36M12.91M20.74M22.72M26.99M23.12M25.62M26.82M
Days Sales Outstanding55.3468.8666.2161.3471.3558.2559.6261.86
Inventory00000000
Days Inventory Outstanding--------
Other Current Assets1.34M1.36M4.63M5.58M5.79M4.69M12.78M12.66M
Total Non-Current Assets3.97M6.26M6.55M24.78M39.21M23.38M20.64M19.85M
Property, Plant & Equipment3.59M5.72M6.2M17.33M17.81M16.27M13.7M12.93M
Fixed Asset Turnover13.53x11.96x18.45x7.80x7.76x8.90x11.45x11.52x
Goodwill0005.9M5.9M5.9M5.9M5.9M
Intangible Assets1.89M3.26M4M962K14.68M400K206K161K
Long-Term Investments00000000
Other Non-Current Assets-1.5M-2.72M-3.65M591K823K820K837K3.35M
Total Assets
35.9M▲ 0%
79.11M▲ 120.4%
287.4M▲ 263.3%
256.32M▼ 10.8%
231.55M▼ 9.7%
180.32M▼ 22.1%
173.64M▼ 3.7%
162.37M▲ 0%
Asset Turnover1.35x0.87x0.40x0.53x0.60x0.80x0.90x0.96x
Asset Growth %-120.37%263.31%-10.81%-9.67%-22.12%-3.71%-33.9%
Total Current Liabilities9.21M12.24M18.65M22.77M23.12M25.69M40.43M34M
Accounts Payable3.99M3.59M4.69M8.48M5.23M3.99M3.89M2.7M
Days Payables Outstanding100.6464.045590.6554.6638.963629.53
Short-Term Debt00000000
Deferred Revenue (Current)1.42M1.64M2.17M4.1M4.29M4.3M5.38M17.48M
Other Current Liabilities002.84M4.71M0031.16M26.96M
Current Ratio3.47x5.95x15.06x10.17x8.32x6.11x3.78x3.78x
Quick Ratio3.47x5.95x15.06x10.17x8.32x6.11x3.78x3.78x
Cash Conversion Cycle-------32.34
Total Non-Current Liabilities101.04M161.79M75K9.92M8.09M7.11M5.1M4.43M
Long-Term Debt00000000
Capital Lease Obligations0989K08.97M7.29M6.97M010.65M
Deferred Tax Liabilities00000000
Other Non-Current Liabilities101.04M160.8M75K950K800K141K5.1M9.83M
Total Liabilities110.25M174.03M18.72M32.69M31.21M32.81M45.53M38.42M
Total Debt02.12M989K10.91M9.16M9.3M00
Net Debt-23.22M-56.45M-254.49M-192.33M-150.39M-43.47M-19.66M-17.65M
Debt / Equity--0.00x0.05x0.05x0.06x-0.00x
Debt / EBITDA--------0.00x
Net Debt / EBITDA-------0.43x
Interest Coverage-239.50x-49.00x-43.93x-148.22x-247.26x-98.72x--
Total Equity
-74.35M▲ 0%
-94.92M▼ 27.7%
268.68M▲ 383.0%
223.64M▼ 16.8%
200.34M▼ 10.4%
147.51M▼ 26.4%
128.11M▼ 13.2%
123.95M▲ 0%
Equity Growth %--27.67%383.05%-16.76%-10.42%-26.37%-13.16%-67.18%
Book Value per Share-1.31-1.674.633.813.332.452.081.95
Total Shareholders' Equity-74.35M-94.92M268.68M223.64M200.34M147.51M128.11M123.95M
Common Stock67K68K291K296K306K302K317K321K
Retained Earnings-80.25M-103.12M-127.46M-198.23M-240.38M-297.43M-341.8M-351.42M
Treasury Stock00000000
Accumulated OCI00-287.4M0041K32K-21K
Minority Interest00000000

LAW Cash Flow Statement

CS Disco, Inc. (LAW) cash flow — operating, investing & free cash flow history

Line itemDec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash from Operations-27.3M-22.71M-21.64M-46.01M-25.53M-8.75M-14.94M-14.94M
Operating CF Margin %-56.22%-33.18%-18.93%-34.04%-18.49%-6.04%-9.52%-
Operating CF Growth %-16.8%4.71%-112.61%44.51%65.73%-70.72%-558.45%
Net Income-29.83M-22.87M-24.34M-70.77M-42.15M-55.77M-44.37M-42.6M
Depreciation & Amortization803K1.62M1.67M2.97M4.16M3.93M214K4.58M
Stock-Based Compensation4.12M1.99M5.6M21.74M16.16M22.27M24.46M24.02M
Deferred Taxes00832K00000
Other Non-Cash Items406K1.86M1.23M4.41M4.65M18.38M3.96M6.88M
Working Capital Changes-2.8M-5.32M-6.63M-4.37M-8.35M2.45M798K-9M
Change in Receivables-4.56M-6M-8.66M-3.27M-6.71M1.76M-12.43M-15.54M
Change in Inventory00405K02.26M000
Change in Payables2.28M-397K1.09M3.19M-4.09M-849K137K-2.89M
Cash from Investing-3.33M-1.9M-3.11M-9.69M-20.04M-78.03M-18.2M-949K
Capital Expenditures-3.33M-1.9M-3.11M-4.38M-4.86M-2.78M-3.05M-3.23M
CapEx % of Revenue6.85%2.78%2.72%3.24%3.52%1.92%1.95%-
Acquisitions000-5.31M-1.18M4K8K4K
Investments--------
Other Investing0000-14M006K
Cash from Financing44.1M59.96M221.66M3.47M1.87M-20M16K185K
Debt Issued (Net)-5.78M-106K-112K-42K-40K-41K-42K-32K
Equity Issued (Net)49.77M59.8M219.34M-548K-89K-20.18M354K-56K
Dividends Paid00000000
Share Repurchases0-138K-476K-548K-89K-20.18M-105K139K
Other Financing123K271K2.43M4.06M2M224K-296K273K
Net Change in Cash
13.48M▲ 0%
35.34M▲ 162.2%
196.91M▲ 457.1%
-52.23M▼ 126.5%
-43.69M▲ 16.3%
-106.78M▼ 144.4%
-33.12M▲ 69.0%
-16.89M▲ 0%
Free Cash Flow
-30.62M▲ 0%
-24.62M▲ 19.6%
-24.75M▼ 0.5%
-50.39M▼ 103.6%
-44.39M▲ 11.9%
-11.53M▲ 74.0%
-17.99M▼ 56.0%
-19.35M▲ 0%
FCF Margin %-63.07%-35.97%-21.64%-37.27%-32.15%-7.96%-11.47%-11.94%
FCF Growth %-19.62%-0.54%-103.61%11.91%74.03%-56.02%-33.13%
FCF per Share-0.54-0.43-0.43-0.86-0.74-0.19-0.29-0.29
FCF Conversion (FCF/Net Income)0.92x0.99x0.89x0.65x0.61x0.16x0.34x0.45x
Interest Paid85K365K105K00000
Taxes Paid36K87K97K397K766K896K0772K

LAW Key Ratios

CS Disco, Inc. (LAW) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric202020212022202320242025TTM
Return on Equity (ROE)--28.02%-28.75%-19.88%-32.07%-32.2%-32.73%
Return on Invested Capital (ROIC)--125.95%-236.78%-92.02%-60.12%-33.97%-33.97%
Gross Margin70.12%72.8%74.73%74.69%74.17%74.86%74.88%
Net Margin-33.42%-21.29%-52.34%-30.52%-38.51%-28.29%-26.28%
Debt / Equity-0.00x0.05x0.05x0.06x-0.00x
Interest Coverage-49.00x-43.93x-148.22x-247.26x-98.72x--
FCF Conversion0.99x0.89x0.65x0.61x0.16x0.34x0.45x
Revenue Growth40.96%67.06%18.23%2.15%4.89%8.29%11.07%

LAW SEC Filings & Documents

CS Disco, Inc. (LAW) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 6, 2026·SEC

Material company update

Apr 23, 2026·SEC

Material company update

Feb 25, 2026·SEC

10-K Annual Reports

4
FY 2026

Feb 25, 2026·SEC

FY 2025

Feb 20, 2025·SEC

FY 2024

Feb 22, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

May 6, 2026·SEC

FY 2025

Nov 5, 2025·SEC

FY 2025

Aug 6, 2025·SEC

LAW Frequently Asked Questions

CS Disco, Inc. (LAW) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

CS Disco, Inc. (LAW) reported $162.1M in revenue for fiscal year 2025. This represents a 234% increase from $48.6M in 2019.

CS Disco, Inc. (LAW) grew revenue by 8.3% over the past year. This is steady growth.

CS Disco, Inc. (LAW) reported a net loss of $42.6M for fiscal year 2025.

Dividend & Returns

CS Disco, Inc. (LAW) has a return on equity (ROE) of -32.2%. Negative ROE indicates the company is unprofitable.

CS Disco, Inc. (LAW) had negative free cash flow of $19.4M in fiscal year 2025, likely due to heavy capital investments.

Explore More LAW

CS Disco, Inc. (LAW) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

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Revenue History

Sales growth patterns & revenue breakdown

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Financial Ratios

30 years of market, efficiency and balance-sheet ratios

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Valuation

DCF intrinsic value, peer multiples & estimates

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