Cs Disco Inc Financials
This page shows Cs Disco Inc (LAW) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Cs Disco Inc has an operating margin of -42.6%, meaning the company retains $-43 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -36.1% the prior year.
Cs Disco Inc's revenue grew a modest 4.9% year-over-year to $144.8M. This slow but positive growth earns a score of 43/100.
Cs Disco Inc carries a low D/E ratio of 0.22, meaning only $0.22 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 6.11, Cs Disco Inc holds $6.11 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
While Cs Disco Inc generated -$8.7M in operating cash flow, capex of $2.8M consumed most of it, leaving -$11.5M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Cs Disco Inc passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Cs Disco Inc generates $0.16 in operating cash flow (-$8.7M OCF vs -$55.8M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Cs Disco Inc generated $144.8M in revenue in fiscal year 2024. This represents an increase of 4.9% from the prior year.
Cs Disco Inc's EBITDA was -$57.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 26.5% from the prior year.
Cs Disco Inc generated -$11.5M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 62.1% from the prior year.
Cs Disco Inc reported -$55.8M in net income in fiscal year 2024. This represents a decrease of 32.3% from the prior year.
Cs Disco Inc earned $-0.93 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 32.9% from the prior year.
Cs Disco Inc held $52.8M in cash against $0 in long-term debt as of fiscal year 2024.
Cs Disco Inc had 60M shares outstanding in fiscal year 2024. This represents a decrease of 1.1% from the prior year.
Cs Disco Inc's gross margin was 74.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 0.5 percentage points from the prior year.
Cs Disco Inc's operating margin was -42.6% in fiscal year 2024, reflecting core business profitability. This is down 6.5 percentage points from the prior year.
Cs Disco Inc's net profit margin was -38.5% in fiscal year 2024, showing the share of revenue converted to profit. This is down 8.0 percentage points from the prior year.
Cs Disco Inc invested $51.5M in research and development in fiscal year 2024. This represents a decrease of 0.2% from the prior year.
Cs Disco Inc spent $127K on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 42.7% from the prior year.
Cs Disco Inc invested $2.8M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 42.8% from the prior year.
LAW Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $40.9M+7.4% | $38.1M+4.0% | $36.7M-0.9% | $37.0M+2.8% | $36.0M+1.2% | $35.6M-0.5% | $35.7M+2.3% | $34.9M |
| Cost of Revenue | $10.0M+3.4% | $9.7M+1.9% | $9.5M-0.3% | $9.5M+2.6% | $9.3M+4.9% | $8.9M+1.8% | $8.7M-2.8% | $8.9M |
| Gross Profit | $30.9M+8.8% | $28.4M+4.7% | $27.1M-1.1% | $27.5M+2.8% | $26.7M0.0% | $26.7M-1.2% | $27.0M+4.0% | $26.0M |
| R&D Expenses | $13.4M-3.9% | $14.0M-2.0% | $14.3M+3.4% | $13.8M+7.0% | $12.9M+6.7% | $12.1M+14.7% | $10.5M-12.7% | $12.1M |
| SG&A Expenses | $16.9M+53.5% | $11.0M+0.4% | $11.0M+15.4% | $9.5M-11.2% | $10.7M-4.0% | $11.2M+12.9% | $9.9M+7624.2% | $128K |
| Operating Income | -$14.5M-22.5% | -$11.8M+6.3% | -$12.6M+51.7% | -$26.1M-111.0% | -$12.4M-0.4% | -$12.3M-60.6% | -$7.7M-165.0% | -$2.9M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $140K-33.3% | $210K+53.3% | $137K+495.7% | $23K-78.1% | $105K+22.1% | $86K-69.5% | $282K+340.6% | $64K |
| Net Income | -$13.7M-26.4% | -$10.8M+5.1% | -$11.4M+54.8% | -$25.2M-132.6% | -$10.8M-2.4% | -$10.6M-81.2% | -$5.8M-467.0% | -$1.0M |
| EPS (Diluted) | $-0.22-22.2% | $-0.18+5.3% | $-0.19+55.8% | $-0.43-138.9% | $-0.18-5.9% | $-0.17-88.9% | $-0.09-350.0% | $-0.02 |
LAW Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $174.8M+6.0% | $164.9M-1.9% | $168.0M-6.8% | $180.3M-8.9% | $198.0M-8.9% | $217.3M-6.2% | $231.5M+0.6% | $230.2M |
| Current Assets | $153.1M+7.1% | $142.9M-1.8% | $145.6M-7.2% | $156.9M-2.0% | $160.2M-10.3% | $178.6M-7.2% | $192.3M+0.7% | $191.0M |
| Cash & Equivalents | $28.8M+32.9% | $21.7M-37.2% | $34.5M-34.6% | $52.8M-59.4% | $130.0M-12.6% | $148.7M-6.8% | $159.6M+1.2% | $157.7M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $24.2M+1.6% | $23.9M+6.9% | $22.3M-3.4% | $23.1M-8.8% | $25.3M+3.4% | $24.5M-9.2% | $27.0M-0.4% | $27.1M |
| Goodwill | $5.9M0.0% | $5.9M0.0% | $5.9M0.0% | $5.9M0.0% | $5.9M0.0% | $5.9M0.0% | $5.9M0.0% | $5.9M |
| Total Liabilities | $44.1M+63.6% | $27.0M+4.3% | $25.9M-21.2% | $32.8M+21.0% | $27.1M+12.4% | $24.1M-22.7% | $31.2M+6.9% | $29.2M |
| Current Liabilities | $39.0M+84.2% | $21.2M+9.1% | $19.4M-24.5% | $25.7M+25.5% | $20.5M+20.5% | $17.0M-26.5% | $23.1M+9.7% | $21.1M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $130.6M-5.3% | $137.9M-3.0% | $142.2M-3.6% | $147.5M-13.7% | $170.9M-11.5% | $193.2M-3.6% | $200.3M-0.4% | $201.0M |
| Retained Earnings | -$333.3M-4.3% | -$319.6M-3.5% | -$308.8M-3.8% | -$297.4M-13.1% | -$263.1M-4.7% | -$251.2M-4.5% | -$240.4M-2.5% | -$234.5M |
LAW Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$979K+76.8% | -$4.2M+59.8% | -$10.5M-602.8% | $2.1M+421.2% | -$650K+91.1% | -$7.3M-330.9% | $3.2M+146.0% | -$6.9M |
| Capital Expenditures | $1.1M+9.4% | $965K+83.8% | $525K-5.9% | $558K-15.2% | $658K-4.4% | $688K-45.9% | $1.3M+16.7% | $1.1M |
| Free Cash Flow | -$2.0M+60.8% | -$5.2M+53.0% | -$11.0M-820.5% | $1.5M+217.0% | -$1.3M+83.7% | -$8.0M-521.3% | $1.9M+123.8% | -$8.0M |
| Investing Cash Flow | $8.0M+192.2% | -$8.6M-12.7% | -$7.7M+70.4% | -$25.9M-3844.8% | -$656K+4.7% | -$688K+45.8% | -$1.3M+91.6% | -$15.1M |
| Financing Cash Flow | $151K+1987.5% | -$8K+90.5% | -$84K-800.0% | $12K+100.1% | -$17.4M-508.5% | -$2.9M-40671.4% | -$7K-101.0% | $723K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $26K+30.0% | $20K-16.7% | $24K-11.1% | $27K-15.6% | $32K-17.9% | $39K+56.0% | $25K-3.8% | $26K |
LAW Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 75.5%+0.9pp | 74.6%+0.5pp | 74.1%-0.2pp | 74.2%+0.0pp | 74.2%-0.9pp | 75.1%-0.6pp | 75.7%+1.3pp | 74.4% |
| Operating Margin | -35.3%-4.3pp | -31.0%+3.4pp | -34.4%+36.2pp | -70.6%-36.2pp | -34.4%+0.3pp | -34.7%-13.2pp | -21.5%-13.2pp | -8.3% |
| Net Margin | -33.4%-5.0pp | -28.4%+2.7pp | -31.1%+37.0pp | -68.1%-38.0pp | -30.1%-0.3pp | -29.8%-13.4pp | -16.3%-13.4pp | -2.9% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -7.8%-1.3pp | -6.6%+0.2pp | -6.8%+7.2pp | -14.0%-8.5pp | -5.5%-0.6pp | -4.9%-2.4pp | -2.5%-2.1pp | -0.4% |
| Current Ratio | 3.93-2.8 | 6.75-0.7 | 7.50+1.4 | 6.11-1.7 | 7.82-2.7 | 10.51+2.2 | 8.32-0.7 | 9.06 |
| Debt-to-Equity | 0.34+0.1 | 0.20+0.0 | 0.18-0.0 | 0.22+0.1 | 0.16+0.0 | 0.12-0.0 | 0.16+0.0 | 0.15 |
| FCF Margin | -5.0%+8.6pp | -13.6%+16.5pp | -30.1%-34.2pp | 4.1%+7.8pp | -3.6%+18.9pp | -22.5%-27.9pp | 5.3%+28.2pp | -22.9% |
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Frequently Asked Questions
What is Cs Disco Inc's annual revenue?
Cs Disco Inc (LAW) reported $144.8M in total revenue for fiscal year 2024. This represents a 4.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Cs Disco Inc's revenue growing?
Cs Disco Inc (LAW) revenue grew by 4.9% year-over-year, from $138.1M to $144.8M in fiscal year 2024.
Is Cs Disco Inc profitable?
No, Cs Disco Inc (LAW) reported a net income of -$55.8M in fiscal year 2024, with a net profit margin of -38.5%.
What is Cs Disco Inc's earnings per share (EPS)?
Cs Disco Inc (LAW) reported diluted earnings per share of $-0.93 for fiscal year 2024. This represents a -32.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Cs Disco Inc's EBITDA?
Cs Disco Inc (LAW) had EBITDA of -$57.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Cs Disco Inc's gross margin?
Cs Disco Inc (LAW) had a gross margin of 74.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Cs Disco Inc's operating margin?
Cs Disco Inc (LAW) had an operating margin of -42.6% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Cs Disco Inc's net profit margin?
Cs Disco Inc (LAW) had a net profit margin of -38.5% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Cs Disco Inc's free cash flow?
Cs Disco Inc (LAW) generated -$11.5M in free cash flow during fiscal year 2024. This represents a 62.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Cs Disco Inc's operating cash flow?
Cs Disco Inc (LAW) generated -$8.7M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Cs Disco Inc's total assets?
Cs Disco Inc (LAW) had $180.3M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Cs Disco Inc's capital expenditures?
Cs Disco Inc (LAW) invested $2.8M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Cs Disco Inc spend on research and development?
Cs Disco Inc (LAW) invested $51.5M in research and development during fiscal year 2024.
Does Cs Disco Inc buy back shares?
Yes, Cs Disco Inc (LAW) spent $127K on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Cs Disco Inc have outstanding?
Cs Disco Inc (LAW) had 60M shares outstanding as of fiscal year 2024.
What is Cs Disco Inc's current ratio?
Cs Disco Inc (LAW) had a current ratio of 6.11 as of fiscal year 2024, which is generally considered healthy.
What is Cs Disco Inc's debt-to-equity ratio?
Cs Disco Inc (LAW) had a debt-to-equity ratio of 0.22 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Cs Disco Inc's return on assets (ROA)?
Cs Disco Inc (LAW) had a return on assets of -30.9% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Cs Disco Inc's cash runway?
Based on fiscal year 2024 data, Cs Disco Inc (LAW) had $52.8M in cash against an annual operating cash burn of $8.7M. This gives an estimated cash runway of approximately 72 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Cs Disco Inc's Piotroski F-Score?
Cs Disco Inc (LAW) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Cs Disco Inc's earnings high quality?
Cs Disco Inc (LAW) has an earnings quality ratio of 0.16x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Cs Disco Inc?
Cs Disco Inc (LAW) scores 49 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.