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 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $41.88M | - | $40.92M | $38.11M | $36.65M | - | $36.27M | $36.01M | $35.57M | - |
| Cost of Revenue | $10.80M | - | $10.01M | $9.68M | $9.50M | - | $9.74M | $9.29M | $8.85M | - |
| Gross Profit | $31.08M | - | $30.91M | $28.42M | $27.15M | - | $26.53M | $26.72M | $26.72M | - |
| R&D | $14.70M | - | $13.42M | $13.97M | $14.26M | - | $12.76M | $12.89M | $12.08M | - |
| SG&A | $10.39M | - | $16.92M | $11.02M | $10.98M | - | $9.66M | $10.71M | $11.16M | - |
| Total Operating Expenses | $41.18M | - | $45.37M | $40.23M | $39.76M | - | $37.40M | $39.10M | $39.05M | - |
| D&A | $977.0K | - | $800.0K | $800.0K | $927.0K | - | $900.0K | $900.0K | $1.07M | - |
| Operating Income | ($10.09M) | - | ($14.46M) | ($11.81M) | ($12.61M) | - | ($10.88M) | ($12.38M) | ($12.33M) | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $141.0K | - | $140.0K | $210.0K | $137.0K | - | $118.0K | $105.0K | $86.0K | - |
| Net Income | ($9.62M) | - | ($13.66M) | ($10.81M) | ($11.39M) | - | ($9.16M) | ($10.83M) | ($10.58M) | - |
| EPS - Basic | ($0.15) | - | ($0.22) | ($0.18) | ($0.19) | - | ($0.15) | ($0.18) | ($0.17) | - |
| EPS - Diluted | ($0.15) | - | ($0.22) | ($0.18) | ($0.19) | - | ($0.15) | ($0.18) | ($0.17) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $17.65M | $19.66M | $28.80M | $21.67M | $34.53M | $52.77M | $76.55M | $130.00M | $148.68M | $159.55M |
| Accounts Receivable | $26.82M | $25.62M | $24.23M | $23.86M | $22.33M | $23.12M | $23.99M | $25.33M | $24.50M | $26.99M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $2.70M | $3.89M | $3.46M | $3.12M | $5.41M | $3.99M | $3.41M | $4.04M | $2.00M | $5.23M |
| Current Assets | $142.52M | $152.99M | $153.06M | $142.92M | $145.60M | $156.94M | $157.10M | $160.15M | $178.57M | $192.34M |
| Total Assets | $162.37M | $173.64M | $174.76M | $164.87M | $168.03M | $180.32M | $194.38M | $198.00M | $217.28M | $231.55M |
| Current Liabilities | $34.00M | $40.43M | $38.99M | $21.17M | $19.41M | $25.69M | $20.98M | $20.47M | $17.00M | $23.12M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $38.42M | $45.53M | $44.13M | $26.98M | $25.86M | $32.81M | $27.12M | $27.11M | $24.12M | $31.21M |
| Stockholders' Equity | $123.95M | $128.11M | $130.63M | $137.90M | $142.17M | $147.51M | $167.26M | $170.89M | $193.15M | $200.34M |
| Retained Earnings | ($351.42M) | ($341.80M) | ($333.30M) | ($319.63M) | ($308.82M) | ($297.43M) | ($272.23M) | ($263.07M) | ($251.19M) | ($240.38M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($11.68M) | - | - | - | ($10.50M) | - | - | - | ($7.33M) | - |
| Investing Cash Flow | $9.59M | - | - | - | ($7.66M) | - | - | - | ($688.0K) | - |
| Financing Cash Flow | $85.0K | - | - | - | ($84.0K) | - | - | - | ($2.85M) | - |
| CapEx | $700.0K | - | - | - | $525.0K | - | - | - | $688.0K | - |
| Free Cash Flow | ($12.38M) | - | - | - | ($11.02M) | - | - | - | ($8.02M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 74.2% | - | 75.5% | 74.6% | 74.1% | - | 73.1% | 74.2% | 75.1% | - |
| Operating margin | -24.1% | - | -35.3% | -31.0% | -34.4% | - | -30.0% | -34.4% | -34.7% | - |
| EBITDA margin | -21.8% | - | -33.4% | -28.9% | -31.9% | - | -27.5% | -31.9% | -31.6% | - |
| Net margin | -23.0% | - | -33.4% | -28.4% | -31.1% | - | -25.3% | -30.1% | -29.7% | - |
| Free cash flow margin | -29.6% | - | - | - | -30.1% | - | - | - | -22.5% | - |
| FCF / Net income | 1.29 | - | - | - | 0.97 | - | - | - | 0.76 | - |
| R&D / Revenue | 35.1% | - | 32.8% | 36.7% | 38.9% | - | 35.2% | 35.8% | 34.0% | - |
| SG&A / Revenue | 24.8% | - | 41.4% | 28.9% | 29.9% | - | 26.6% | 29.8% | 31.4% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -5.9% | - | -7.8% | -6.6% | -6.8% | - | -4.7% | -5.5% | -4.9% | - |
| Return on equity | -7.8% | - | -10.5% | -7.8% | -8.0% | - | -5.5% | -6.3% | -5.5% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 4.19 | 3.78 | 3.93 | 6.75 | 7.50 | 6.11 | 7.49 | 7.82 | 10.51 | 8.32 |
| Quick ratio | 4.19 | 3.78 | 3.93 | 6.75 | 7.50 | 6.11 | 7.49 | 7.82 | 10.51 | 8.32 |
| Cash ratio | 0.52 | 0.49 | 0.74 | 1.02 | 1.78 | 2.05 | 3.65 | 6.35 | 8.75 | 6.90 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 1.31 | 1.36 | 1.34 | 1.20 | 1.18 | 1.22 | 1.16 | 1.16 | 1.12 | 1.16 |
| Liabilities / Assets | 0.24 | 0.26 | 0.25 | 0.16 | 0.15 | 0.18 | 0.14 | 0.14 | 0.11 | 0.13 |
| Efficiency | ||||||||||
| Asset turnover | 0.26 | - | 0.23 | 0.23 | 0.22 | - | 0.19 | 0.18 | 0.16 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 234d | - | 216d | 229d | 222d | - | 241d | 257d | 251d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | 91d | - | 126d | 118d | 208d | - | 128d | 159d | 82d | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | 2.0x | - | 3.1x | 1.9x | 1.7x | - | 2.1x | 2.1x | 2.6x | - |
| P / S | 5.8x | - | 9.8x | 7.0x | 6.8x | - | 9.7x | 9.9x | 14.0x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 14.3% | - | 12.8% | 5.8% | 3.0% | - | 3.8% | 5.0% | 7.4% | - |
| Revenue CAGR (3y) | 8.1% | - | 5.9% | 4.2% | 2.1% | - | 26.6% | 6.8% | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | 14.5% | - | 16.5% | 6.4% | 1.6% | - | 2.0% | 5.9% | 7.5% | - |
| Operating income growth (YoY) | 20.0% | - | -33.0% | 4.6% | -2.3% | - | -275.5% | 27.1% | 44.6% | - |
| Net income growth (YoY) | 15.6% | - | -49.2% | 0.2% | -7.7% | - | -789.1% | 27.4% | 48.0% | - |
| EPS growth (YoY) | 21.1% | - | -46.7% | 0.0% | -11.8% | - | -650.0% | 28.0% | 50.0% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | -12.3% | - | - | - | -37.5% | - | - | - | 48.6% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -12.8% | -13.2% | -21.9% | -19.3% | -26.4% | -26.4% | -16.8% | -16.2% | -8.8% | -10.4% |
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%
Peer comparison
Same SIC group: Services-Prepackaged Software
Comparing CS Disco against the 5 most active filers in the same SIC group.