NYSE : LAW
CS Disco, Inc. — Financial statements
Technology · Software - Application · United States
Last price 5.24 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 340.18M
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Financial statements
CS Disco, Inc. (LAW) reported revenue of 167.12M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 167.12M | 156.85M | 144.84M | 138.09M | 135.19M | 114.34M |
| Cost of Revenue | 42.07M | 39.42M | 37.41M | 34.95M | 34.16M | 31.10M |
| Gross Profit | 125.05M | 117.42M | 107.43M | 103.14M | 101.03M | 83.24M |
| Selling, General & Admin | 103.03M | 99.78M | 101.37M | 99.71M | 113.04M | 72.66M |
| Research & Development | 58.00M | 56.60M | 51.51M | 50.11M | 59.26M | 34.41M |
| Operating Expenses | 161.04M | 156.38M | 152.88M | 149.82M | 172.29M | 107.07M |
| Operating Income | -35.99M | -38.95M | -45.45M | -46.68M | -71.27M | -23.83M |
| Interest Expense | -168.00K | -473.00K | -540.00K | |||
| Interest & Investment Income | 3.24M | 4.50M | 6.28M | 8.31M | 1.70M | 106.00K |
| EBT Excluding Unusual Items | -32.75M | -34.46M | -39.17M | -38.54M | -70.04M | -24.26M |
| Merger & Restructuring Charges | -2.59M | |||||
| Asset Writedown | -15.21M | |||||
| Legal Settlements | -7.02M | -9.17M | -757.00K | -74.00K | ||
| Other Unusual Items | -303.00K | -500.00K | -540.00K | |||
| Pretax Income | -39.77M | -43.63M | -55.44M | -41.71M | -70.58M | -24.26M |
| Income Tax Expense | 672.00K | 743.00K | 332.00K | 443.00K | 186.00K | 81.00K |
| Net Income | -40.44M | -44.37M | -55.77M | -42.15M | -70.77M | -24.34M |
| Preferred Dividends & Other Adjustments | 56.00K | |||||
| Net Income to Common | -40.44M | -44.37M | -55.77M | -42.15M | -70.77M | -24.40M |
| Shares Outstanding (Basic) | 63.31M | 61.72M | 60.21M | 60.14M | 58.75M | 33.21M |
| Shares Outstanding (Diluted) | 63.31M | 61.72M | 60.21M | 60.14M | 58.75M | 33.21M |
| EPS (Basic) | -0.64 | -0.72 | -0.93 | -0.70 | -1.20 | -0.73 |
| EPS (Diluted) | -0.64 | -0.72 | -0.93 | -0.70 | -1.20 | -0.73 |
| Free Cash Flow | -16.39M | -17.99M | -11.53M | -30.39M | -50.39M | -24.75M |
| Free Cash Flow Per Share | -0.26 | -0.29 | -0.19 | -0.51 | -0.86 | -0.74 |
| Gross Margin | 74.83% | 74.86% | 74.17% | 74.69% | 74.73% | 72.80% |
| Operating Margin | -21.54% | -24.84% | -31.38% | -33.80% | -52.72% | -20.84% |
| Profit Margin | -24.20% | -28.29% | -38.51% | -30.52% | -52.34% | -21.34% |
| Free Cash Flow Margin | -9.81% | -11.47% | -7.96% | -22.01% | -37.28% | -21.64% |
| EBITDA | -34.69M | -37.40M | -43.42M | -44.22M | -69.49M | -22.86M |
| EBITDA Margin | -20.76% | -23.84% | -29.98% | -32.02% | -51.41% | -19.99% |
| D&A For EBITDA | 1.30M | 1.56M | 2.03M | 2.46M | 1.77M | 974.00K |
| EBIT | -35.99M | -38.95M | -45.45M | -46.68M | -71.27M | -23.83M |
| EBIT Margin | -21.54% | -24.84% | -31.38% | -33.80% | -52.72% | -20.84% |
| Advertising Expenses | 4.00M | 4.50M | 5.50M | 3.10M | 400.00K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 10.89M | 19.66M | 52.77M | 159.55M | 203.24M | 255.48M |
| Short-Term Investments | 90.51M | 94.94M | 76.36M | |||
| Cash & Short-Term Investments | 101.39M | 114.60M | 129.13M | 159.55M | 203.24M | 255.48M |
| Accounts Receivable | 27.95M | 25.62M | 23.12M | 26.99M | 22.72M | 20.74M |
| Other Receivables | 8.13M | 8.04M | ||||
| Receivables | 36.08M | 33.66M | 23.12M | 26.99M | 22.72M | 20.74M |
| Prepaid Expenses | 4.10M | 4.74M | 4.69M | 5.79M | 5.58M | |
| Other Current Assets | 4.63M | |||||
| Total Current Assets | 141.58M | 152.99M | 156.94M | 192.34M | 231.54M | 280.85M |
| Property, Plant & Equipment | 12.65M | 7.60M | 10.47M | 11.01M | 13.03M | 2.20M |
| Goodwill | 5.90M | 5.90M | 5.90M | 5.90M | 5.90M | |
| Other Intangible Assets | 116.00K | 6.31M | 6.20M | 21.48M | 5.26M | 4.00M |
| Other Long-Term Assets | 1.15M | 837.00K | 820.00K | 823.00K | 591.00K | 351.00K |
| Total Assets | 161.39M | 173.64M | 180.32M | 231.55M | 256.32M | 287.40M |
| Accounts Payable | 4.24M | 3.89M | 3.99M | 5.23M | 8.48M | 4.69M |
| Accrued Expenses | 26.31M | 28.49M | 15.07M | 11.73M | 8.24M | 10.80M |
| Current Portion of Leases | 2.78M | 2.67M | 2.33M | 1.87M | 1.94M | 989.00K |
| Current Unearned Revenue | 4.19M | 5.38M | 4.30M | 4.29M | 4.10M | 2.17M |
| Total Current Liabilities | 37.51M | 40.43M | 25.69M | 23.12M | 22.77M | 18.65M |
| Long-Term Leases | 2.88M | 4.30M | 6.97M | 7.29M | 8.97M | |
| Other Long-Term Liabilities | 838.00K | 801.00K | 141.00K | 800.00K | 950.00K | 75.00K |
| Total Liabilities | 41.23M | 45.53M | 32.81M | 31.21M | 32.69M | 18.72M |
| Common Stock | 325.00K | 317.00K | 302.00K | 306.00K | 296.00K | 291.00K |
| Additional Paid-In Capital | 479.95M | 469.56M | 444.60M | 440.41M | 421.57M | 395.85M |
| Retained Earnings | -360.08M | -341.80M | -297.43M | -240.38M | -198.23M | -127.46M |
| Comprehensive Income & Other | -41.00K | 32.00K | 41.00K | |||
| Total Common Equity | 120.16M | 128.11M | 147.51M | 200.34M | 223.64M | 268.68M |
| Shareholders' Equity | 120.16M | 128.11M | 147.51M | 200.34M | 223.64M | 268.68M |
| Total Liabilities & Equity | 161.39M | 173.64M | 180.32M | 231.55M | 256.32M | 287.40M |
| Total Debt | 5.66M | 6.97M | 9.30M | 9.16M | 10.91M | 989.00K |
| Net Cash (Debt) | 95.73M | 107.63M | 119.83M | 150.39M | 192.33M | 254.49M |
| Net Cash Per Share | 1.51 | 1.74 | 1.99 | 2.50 | 3.27 | 7.66 |
| Filing Date Shares Outstanding | 64.92M | 63.33M | 60.38M | 61.06M | 59.45M | 58.23M |
| Total Common Shares Outstanding | 64.86M | 63.26M | 60.33M | 61.01M | 59.19M | 58.01M |
| Working Capital | 104.06M | 112.57M | 131.24M | 169.22M | 208.77M | 262.20M |
| Book Value Per Share | 1.85 | 2.02 | 2.45 | 3.28 | 3.78 | 4.63 |
| Tangible Book Value | 114.14M | 115.90M | 135.42M | 172.96M | 212.48M | 264.68M |
| Tangible Book Value Per Share | 1.76 | 1.83 | 2.24 | 2.83 | 3.59 | 4.56 |
| Machinery | 8.46M | 8.21M | 7.64M | 6.90M | 6.27M | 3.73M |
| Leasehold Improvements | 1.14M | 1.14M | 1.10M | 1.03M | 467.00K | 111.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -40.44M | -44.37M | -55.77M | -42.15M | -70.77M | -24.34M |
| Depreciation & Amortization | 1.30M | 1.56M | 2.03M | 2.46M | 1.77M | 974.00K |
| Other Amortization | 2.10M | 2.10M | 1.90M | 1.70M | 1.20M | 700.00K |
| Loss (Gain) From Sale of Assets | -4.00K | 41.00K | -1.00K | -1.00K | ||
| Asset Writedown & Restructuring Costs | 15.21M | |||||
| Loss (Gain) From Sale of Investments | -3.30M | -3.44M | -1.06M | |||
| Stock-Based Compensation | 22.61M | 24.46M | 22.27M | 16.16M | 21.74M | 5.60M |
| Provision & Write-off of Bad Debts | 1.34M | 1.89M | 2.11M | 2.43M | 1.29M | 833.00K |
| Other Operating Activities | 2.58M | 2.07M | 2.12M | 2.18M | 3.12M | 1.23M |
| Change in Accounts Receivable | -5.44M | -4.39M | 1.76M | -6.71M | -3.27M | -8.66M |
| Change in Accounts Payable | 894.00K | 137.00K | -849.00K | -4.09M | 3.19M | 1.09M |
| Change in Unearned Revenue | 696.00K | 1.09M | 11.00K | 185.00K | 1.62M | 533.00K |
| Change in Other Net Operating Assets | 4.69M | 3.97M | 1.52M | 2.26M | -5.91M | 405.00K |
| Operating Cash Flow | -12.97M | -14.94M | -8.75M | -25.53M | -46.01M | -21.64M |
| Capital Expenditures | -3.42M | -3.05M | -2.78M | -4.86M | -4.38M | -3.11M |
| Sale of Property, Plant & Equipment | 15.00K | 8.00K | 4.00K | 4.00K | ||
| Cash Acquisitions | -1.18M | -5.31M | ||||
| Sale (Purchase) of Intangibles | -14.00M | |||||
| Investment in Securities | 5.58M | -15.15M | -75.26M | |||
| Investing Cash Flow | 2.18M | -18.20M | -78.03M | -20.04M | -9.69M | -3.11M |
| Long-Term Debt Repaid | -42.00K | -41.00K | -40.00K | -42.00K | -112.00K | |
| Total Debt Repaid | -43.00K | -42.00K | -41.00K | -40.00K | -42.00K | -112.00K |
| Net Debt Issued (Repaid) | -43.00K | -42.00K | -41.00K | -40.00K | -42.00K | -112.00K |
| Issuance of Common Stock | 418.00K | 459.00K | 680.00K | 2.00M | 4.06M | 222.25M |
| Repurchase of Common Stock | -364.00K | -105.00K | -20.18M | -89.00K | -264.00K | -476.00K |
| Other Financing Activities | -296.00K | -456.00K | -284.00K | |||
| Financing Cash Flow | 11.00K | 16.00K | -20.00M | 1.87M | 3.47M | 221.66M |
| Net Cash Flow | -10.79M | -33.12M | -106.78M | -43.69M | -52.23M | 196.91M |
| Free Cash Flow | -16.39M | -17.99M | -11.53M | -30.39M | -50.39M | -24.75M |
| Free Cash Flow Margin | -9.81% | -11.47% | -7.96% | -22.01% | -37.28% | -21.64% |
| Free Cash Flow Per Share | -0.26 | -0.29 | -0.19 | -0.51 | -0.86 | -0.74 |
| Levered Free Cash Flow | 4.46M | 4.53M | 2.10M | -31.89M | -23.88M | -15.61M |
| Unlevered Free Cash Flow | 4.46M | 4.53M | 2.10M | -31.78M | -23.58M | -15.27M |
| Cash Interest Paid | 105.00K | |||||
| Cash Income Tax Paid | 795.00K | 1.22M | 896.00K | 766.00K | 397.00K | 97.00K |
| Change in Working Capital | 845.00K | 798.00K | 2.45M | -8.35M | -4.37M | -6.63M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 340.18M | 484.93M | 298.94M | 460.16M | 373.12M | 2.06B |
| Enterprise Value | 244.45M | 379.05M | 179.96M | 312.18M | 171.05M | 1.80B |
| Last Close Price | 5.24 | 7.76 | 4.99 | 7.59 | 6.32 | 35.75 |
| PS Ratio | 2.04 | 3.09 | 2.06 | 3.33 | 2.76 | 18.02 |
| PB Ratio | 2.83 | 3.79 | 2.03 | 2.30 | 1.67 | 7.67 |
| P/TBV Ratio | 2.98 | 4.18 | 2.21 | 2.66 | 1.76 | 7.78 |
| EV/Sales Ratio | 1.46 | 2.42 | 1.24 | 2.26 | 1.26 | 15.77 |
| Debt / Equity Ratio | 0.05 | 0.05 | 0.06 | 0.05 | 0.05 | 0.00 |
| Net Debt / Equity Ratio | -0.80 | -0.84 | -0.81 | -0.75 | -0.86 | -0.95 |
| Net Debt / EBITDA Ratio | 2.76 | 2.88 | 2.76 | 3.40 | 2.77 | 11.13 |
| Net Debt / FCF Ratio | 5.84 | 5.98 | 10.39 | 4.95 | 3.82 | 10.28 |
| Asset Turnover | 1.02 | 0.89 | 0.70 | 0.57 | 0.50 | 0.62 |
| Quick Ratio | 3.67 | 3.67 | 5.92 | 8.07 | 9.93 | 14.81 |
| Current Ratio | 3.77 | 3.78 | 6.11 | 8.32 | 10.17 | 15.06 |
| Return on Equity (ROE) | -31.34% | -32.20% | -32.07% | -19.88% | -28.75% | -14.55% |
| Return on Assets (ROA) | -13.79% | -13.76% | -13.79% | -11.96% | -16.38% | -8.13% |
| Return on Capital Employed (ROCE) | -29.10% | -29.20% | -29.40% | -22.40% | -30.50% | -8.90% |
| Earnings Yield | -12.19% | -9.15% | -18.66% | -9.16% | -18.97% | -1.18% |
| FCF Yield | -4.82% | -3.71% | -3.86% | -6.60% | -13.51% | -1.20% |
| Buyback Yield / Dilution | -4.79% | -2.51% | -0.12% | -2.36% | -76.92% | -152.13% |