LAW · Cs Disco, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Revenue | $156.85M | $144.84M | $138.09M | $135.19M | $68.44M |
| Cost of Revenue | $39.42M | $37.41M | $34.95M | $34.16M | $20.45M |
| Gross Profit | $117.42M | $107.43M | $103.14M | $101.03M | $47.99M |
| R&D | $56.60M | $51.51M | $51.62M | $59.26M | $26.60M |
| SG&A | $48.91M | $41.05M | $33.23M | $40.74M | $13.89M |
| Total Operating Expenses | $165.55M | $169.15M | $152.99M | $172.84M | $70.50M |
| D&A | $3.66M | $3.93M | $4.16M | $2.97M | $1.62M |
| Operating Income | ($48.12M) | ($61.72M) | ($49.84M) | ($71.81M) | ($22.50M) |
| Interest Expense | - | - | - | - | - |
| Income Tax | $743.0K | $332.0K | $443.0K | $186.0K | $71.0K |
| Net Income | ($44.37M) | ($55.77M) | ($42.15M) | ($70.77M) | ($22.87M) |
| EPS - Basic | ($0.72) | ($0.93) | ($0.70) | ($1.20) | ($1.74) |
| EPS - Diluted | ($0.72) | ($0.93) | ($0.70) | ($1.20) | ($1.74) |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Cash & Equivalents | $19.66M | $52.77M | $159.55M | $203.24M | $255.48M |
| Accounts Receivable | $25.62M | $23.12M | $26.99M | $22.72M | $20.74M |
| Inventory | - | - | - | - | - |
| Accounts Payable | $3.89M | $3.99M | $5.23M | $8.48M | $4.69M |
| Current Assets | $152.99M | $156.94M | $192.34M | $231.54M | $280.85M |
| Total Assets | $173.64M | $180.32M | $231.55M | $256.32M | $287.40M |
| Current Liabilities | $40.43M | $25.69M | $23.12M | $22.77M | $18.65M |
| Long-term Debt | - | - | - | - | - |
| Total Liabilities | $45.53M | $32.81M | $31.21M | $32.69M | $18.72M |
| Stockholders' Equity | $128.11M | $147.51M | $200.34M | $223.64M | $268.68M |
| Retained Earnings | ($341.80M) | ($297.43M) | ($240.38M) | ($198.23M) | ($127.46M) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Operating Cash Flow | ($14.94M) | ($8.75M) | ($25.53M) | ($46.01M) | ($22.71M) |
| Investing Cash Flow | ($18.20M) | ($78.03M) | ($20.04M) | ($9.69M) | ($1.90M) |
| Financing Cash Flow | $16.0K | ($20.00M) | $1.87M | $3.47M | $59.96M |
| CapEx | $3.05M | $2.78M | $4.86M | $4.38M | $1.90M |
| Free Cash Flow | ($17.99M) | ($11.53M) | ($30.39M) | ($50.39M) | ($24.62M) |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Profitability | |||||
| Gross margin | 74.9% | 74.2% | 74.7% | 74.7% | 70.1% |
| Operating margin | -30.7% | -42.6% | -36.1% | -53.1% | -32.9% |
| EBITDA margin | -28.3% | -39.9% | -33.1% | -50.9% | -30.5% |
| Net margin | -28.3% | -38.5% | -30.5% | -52.3% | -33.4% |
| Free cash flow margin | -11.5% | -8.0% | -22.0% | -37.3% | -36.0% |
| FCF / Net income | 0.41 | 0.21 | 0.72 | 0.71 | 1.08 |
| R&D / Revenue | 36.1% | 35.6% | 37.4% | 43.8% | 38.9% |
| SG&A / Revenue | 31.2% | 28.3% | 24.1% | 30.1% | 20.3% |
| Effective tax rate | - | - | - | - | - |
| Return on assets | -25.6% | -30.9% | -18.2% | -27.6% | -8.0% |
| Return on equity | -34.6% | -37.8% | -21.0% | -31.6% | -8.5% |
| Return on invested capital | - | - | - | - | - |
| Liquidity | |||||
| Current ratio | 3.78 | 6.11 | 8.32 | 10.17 | 15.06 |
| Quick ratio | 3.78 | 6.11 | 8.32 | 10.17 | 15.06 |
| Cash ratio | 0.49 | 2.05 | 6.90 | 8.93 | 13.70 |
| Leverage | |||||
| Debt / Equity | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - |
| Interest coverage | - | - | - | - | - |
| Equity multiplier | 1.36 | 1.22 | 1.16 | 1.15 | 1.07 |
| Liabilities / Assets | 0.26 | 0.18 | 0.13 | 0.13 | 0.07 |
| Efficiency | |||||
| Asset turnover | 0.90 | 0.80 | 0.60 | 0.53 | 0.24 |
| Inventory turnover | - | - | - | - | - |
| Days sales outstanding | 60d | 58d | 71d | 61d | 111d |
| Days inventory outstanding | - | - | - | - | - |
| Days payable outstanding | 36d | 39d | 55d | 91d | 84d |
| Cash conversion cycle | - | - | - | - | - |
| Valuation | |||||
| P / E | - | - | - | - | - |
| P / B | 3.7x | 2.0x | 2.3x | 1.7x | 1.8x |
| P / S | 3.1x | 2.1x | 3.3x | 2.7x | 6.9x |
| EV / EBITDA | - | - | - | - | - |
| Growth | |||||
| Revenue growth (YoY) | 8.3% | 4.9% | 2.1% | 97.5% | - |
| Revenue CAGR (3y) | 5.1% | 28.4% | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - |
| Gross profit growth (YoY) | 9.3% | 4.2% | 2.1% | 110.5% | - |
| Operating income growth (YoY) | 22.0% | -23.8% | 30.6% | -219.1% | - |
| Net income growth (YoY) | 20.4% | -32.3% | 40.4% | -209.4% | - |
| EPS growth (YoY) | 22.6% | -32.9% | 41.7% | 31.0% | - |
| EPS CAGR (3y) | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - |
| FCF growth (YoY) | -56.0% | 62.1% | 39.7% | -104.7% | - |
| FCF CAGR (5y) | - | - | - | - | - |
| Book value growth (YoY) | -13.2% | -26.4% | -10.4% | -16.8% | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$156.85M totalReportable Segment$156.85M · 100.0%
Product / service
$156.85M totalSoftware$134.00M · 85.4%
Service$22.85M · 14.6%
Geographic
$156.85M totalUS$143.68M · 91.6%
Non Us$13.16M · 8.4%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
0.02
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
4/9
Neutral
- ✗Net income positive
- ✗Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✗Current ratio improved
- ✗No share dilution
- ✓Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Services-Prepackaged Software
Comparing CS Disco against the 5 most active filers in the same SIC group.