The company's financial position appears increasingly vulnerable as total assets have contracted to $162.4 million from $231.5 million in 2023Q4, reflecting significant erosion of the resource base.
| Total Current Assets | 142.52M | 152.99M | 156.94M | 192.34M | 231.54M | 280.85M | 72.84M | 31.93M |
| Cash & Short-Term Investments | 103.04M | 114.6M | 129.13M | 159.55M | 203.24M | 255.48M | 58.57M | 23.22M |
| Cash Only | 17.65M | 19.66M | 52.77M | 159.55M | 203.24M | 255.48M | 58.57M | 23.22M |
| Short-Term Investments | 85.39M | 94.94M | 76.36M | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 26.82M | 25.62M | 23.12M | 26.99M | 22.72M | 20.74M | 12.91M | 7.36M |
| Days Sales Outstanding | 61.86 | 59.62 | 58.25 | 71.35 | 61.34 | 66.21 | 68.86 | 55.34 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - |
| Other Current Assets | 12.66M | 12.78M | 4.69M | 5.79M | 5.58M | 4.63M | 1.36M | 1.34M |
| Total Non-Current Assets | 19.85M | 20.64M | 23.38M | 39.21M | 24.78M | 6.55M | 6.26M | 3.97M |
| Property, Plant & Equipment | 12.93M | 13.7M | 16.27M | 17.81M | 17.33M | 6.2M | 5.72M | 3.59M |
| Fixed Asset Turnover | 11.52x | 11.45x | 8.90x | 7.76x | 7.80x | 18.45x | 11.96x | 13.53x |
| Goodwill | 5.9M | 5.9M | 5.9M | 5.9M | 5.9M | 0 | 0 | 0 |
| Intangible Assets | 161K | 206K | 400K | 14.68M | 962K | 4M | 3.26M | 1.89M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 866K | 837K | 820K | 823K | 591K | -3.65M | -2.72M | -1.5M |
| Total Assets | 162.37M | 173.64M | 180.32M | 231.55M | 256.32M | 287.4M | 79.11M | 35.9M |
| Asset Turnover | 0.96x | 0.90x | 0.80x | 0.60x | 0.53x | 0.40x | 0.87x | 1.35x |
| Asset Growth % | -33.9% | -3.71% | -22.12% | -9.67% | -10.81% | 263.31% | 120.37% | - |
| Total Current Liabilities | 34M | 40.43M | 25.69M | 23.12M | 22.77M | 18.65M | 12.24M | 9.21M |
| Accounts Payable | 2.7M | 3.89M | 3.99M | 5.23M | 8.48M | 4.69M | 3.59M | 3.99M |
| Days Payables Outstanding | 29.53 | 36 | 38.96 | 54.66 | 90.65 | 55 | 64.04 | 100.64 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 17.48M | 5.38M | 4.3M | 4.29M | 4.1M | 2.17M | 1.64M | 1.42M |
| Other Current Liabilities | 26.96M | 31.16M | 0 | 0 | 4.71M | 2.84M | 0 | 0 |
| Current Ratio | 4.19x | 3.78x | 6.11x | 8.32x | 10.17x | 15.06x | 5.95x | 3.47x |
| Quick Ratio | 4.19x | 3.78x | 6.11x | 8.32x | 10.17x | 15.06x | 5.95x | 3.47x |
| Cash Conversion Cycle | 32.34 | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 4.43M | 5.1M | 7.11M | 8.09M | 9.92M | 75K | 161.79M | 101.04M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 10.65M | 0 | 6.97M | 7.29M | 8.97M | 0 | 989K | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 4.43M | 5.1M | 141K | 800K | 950K | 75K | 160.8M | 101.04M |
| Total Liabilities | 38.42M | 45.53M | 32.81M | 31.21M | 32.69M | 18.72M | 174.03M | 110.25M |
| Total Debt | 0 | 0 | 9.3M | 9.16M | 10.91M | 989K | 2.12M | 0 |
| Net Debt | -17.65M | -19.66M | -43.47M | -150.39M | -192.33M | -254.49M | -56.45M | -23.22M |
| Debt / Equity | 0.00x | - | 0.06x | 0.05x | 0.05x | 0.00x | - | - |
| Debt / EBITDA | -0.00x | - | - | - | - | - | - | - |
| Net Debt / EBITDA | 0.43x | - | - | - | - | - | - | - |
| Interest Coverage | - | - | -98.72x | -247.26x | -148.22x | -43.93x | -49.00x | -239.50x |
| Total Equity | 123.95M | 128.11M | 147.51M | 200.34M | 223.64M | 268.68M | -94.92M | -74.35M |
| Equity Growth % | -67.18% | -13.16% | -26.37% | -10.42% | -16.76% | 383.05% | -27.67% | - |
| Book Value per Share | 1.95 | 2.08 | 2.45 | 3.33 | 3.81 | 4.63 | -1.67 | -1.31 |
| Total Shareholders' Equity | 123.95M | 128.11M | 147.51M | 200.34M | 223.64M | 268.68M | -94.92M | -74.35M |
| Common Stock | 321K | 317K | 302K | 306K | 296K | 291K | 68K | 67K |
| Retained Earnings | -351.42M | -341.8M | -297.43M | -240.38M | -198.23M | -127.46M | -103.12M | -80.25M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -21K | 32K | 41K | 0 | 0 | -287.4M | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Liquidity and cash burn
According to the latest quarterly filings, LAW's total assets have declined from $231.5 million in 2023Q4 to $162.4 million in 2026Q1, reflecting a consistent downward trend that suggests the company is consuming its resource base to fund ongoing operations rather than reinvesting for future growth.
The steady erosion of the asset base, primarily driven by the depletion of cash reserves, indicates that the company is in a phase of capital consumption. This trajectory warrants concern as it suggests that the business model has yet to reach a scale where asset accumulation can offset operational losses.
Based on reported financial statements, LAW's cash and equivalents have plummeted from $159.6 million in 2023Q4 to just $17.6 million by 2026Q1, highlighting a severe contraction in the company's liquidity buffer that leaves little room for operational errors or unexpected market volatility.
While the current ratio remains above 4.0, this metric is heavily skewed by the rapid depletion of cash, which is the most critical component of the company's liquidity. Investors should monitor this trend closely, as the current burn rate suggests that the company may soon face a liquidity crisis without external financing.
As reported in recent balance sheet data, LAW's total equity has fallen from $200.3 million in 2023Q4 to $123.9 million in 2026Q1, a decline primarily driven by the accumulation of retained losses which have reached -$351.4 million, signaling a long-term challenge in generating shareholder value.
The consistent growth of the deficit in retained earnings underscores the company's inability to achieve profitability despite its software-centric model. This erosion of equity suggests that the company is effectively funding its operations through the dilution of its initial capital base rather than through organic earnings.
Based on the provided balance sheet, the company's reliance on $5.9 million in goodwill and $12.9 million in net PPE relative to its shrinking cash position suggests that the asset quality is increasingly tied to intangible value that may be subject to future impairment risks.
The presence of goodwill on the balance sheet during a period of sustained net losses raises questions about the potential for future write-downs. If the company's growth trajectory does not improve, these intangible assets may become a source of further balance sheet volatility.
Quick answers to the most common questions about buying LAW stock.
As of 2025, CS Disco, Inc. (LAW) had total assets of $173.6M including $153.0M in current assets.
CS Disco, Inc. (LAW) carries total debt of $0.0M, offset by $114.6M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
CS Disco, Inc. (LAW) has total shareholders' equity (book value) of $128.1M ($2.08 book value per share). Book value represents the net worth of the company belonging to common stock holders.
CS Disco, Inc. (LAW) reported a current ratio of 3.78x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.