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 6 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).
High gross-margin software economics are still being outweighed by a cost structure that keeps draining the cash cushion.
The gross-margin profile stayed near75% from FY2022 through FY2025, showing the service itself remained high-margin. But cash depletion from$203.2M to$19.7M over the same stretch means those margins never translated into a self-funding model; the balance sheet, rather than ongoing operations, has been financing the gap.
The income statement overstates near-term cash damage: FY2025 net loss was
The sharper shift is in liquidity posture, not revenue trend: cash ended FY2025 at
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Cs Disco Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Cs Disco Inc scores 1.27, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($247.6M) relative to total liabilities ($45.5M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Cs Disco Inc passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Cs Disco Inc generates $0.34 in operating cash flow (-$14.9M OCF vs -$44.4M 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
Earnings & Revenue
Cs Disco Inc generated $156.8M in revenue in fiscal year 2025. This represents an increase of 8.3% from the prior year.
Cs Disco Inc's EBITDA was -$44.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 23.1% from the prior year.
Cs Disco Inc reported -$44.4M in net income in fiscal year 2025. This represents an increase of 20.4% from the prior year.
Cs Disco Inc earned $-0.72 per diluted share (EPS) in fiscal year 2025. This represents an increase of 22.6% from the prior year.
Cash & Balance Sheet
Cs Disco Inc generated -$18.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 56.0% from the prior year.
Cs Disco Inc held $19.7M in cash against $0 in long-term debt as of fiscal year 2025.
Cs Disco Inc had 63M shares outstanding in fiscal year 2025. This represents an increase of 4.9% from the prior year.
Margins & Returns
Cs Disco Inc's gross margin was 74.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.7 percentage points from the prior year.
Cs Disco Inc's operating margin was -30.7% in fiscal year 2025, reflecting core business profitability. This is up 11.9 percentage points from the prior year.
Cs Disco Inc's net profit margin was -28.3% in fiscal year 2025, showing the share of revenue converted to profit. This is up 10.2 percentage points from the prior year.
Cs Disco Inc's ROE was -34.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 3.2 percentage points from the prior year.
Capital Allocation
Cs Disco Inc invested $56.6M in research and development in fiscal year 2025. This represents an increase of 9.9% from the prior year.
Cs Disco Inc spent $105K on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 17.3% from the prior year.
Cs Disco Inc invested $3.1M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 9.8% from the prior year.
LAW Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $41.9M+1.7% | $41.2M+0.6% | $40.9M+7.4% | $38.1M+4.0% | $36.7M-0.9% | $37.0M+2.0% | $36.3M+0.7% | $36.0M |
| Cost of Revenue | $10.8M+5.6% | $10.2M+2.2% | $10.0M+3.4% | $9.7M+1.9% | $9.5M-0.3% | $9.5M-2.1% | $9.7M+4.9% | $9.3M |
| Gross Profit | $31.1M+0.5% | $30.9M+0.1% | $30.9M+8.8% | $28.4M+4.7% | $27.1M-1.1% | $27.5M+3.5% | $26.5M-0.7% | $26.7M |
| R&D Expenses | $14.7M-1.7% | $15.0M+11.4% | $13.4M-3.9% | $14.0M-2.0% | $14.3M+3.4% | $13.8M+8.1% | $12.8M-1.0% | $12.9M |
| SG&A Expenses | $10.4M+4.0% | $10.0M-41.0% | $16.9M+53.5% | $11.0M+0.4% | $11.0M+15.4% | $9.5M-1.5% | $9.7M-9.9% | $10.7M |
| Operating Income | -$10.1M-9.2% | -$9.2M+36.1% | -$14.5M-22.5% | -$11.8M+6.3% | -$12.6M+51.7% | -$26.1M-140.2% | -$10.9M+12.2% | -$12.4M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $141K-44.9% | $256K+82.9% | $140K-33.3% | $210K+53.3% | $137K+495.7% | $23K-80.5% | $118K+12.4% | $105K |
| Net Income | -$9.6M-13.1% | -$8.5M+37.8% | -$13.7M-26.4% | -$10.8M+5.1% | -$11.4M+54.8% | -$25.2M-175.2% | -$9.2M+15.5% | -$10.8M |
| EPS (Diluted) | $-0.15 | N/A | $-0.22-22.2% | $-0.18+5.3% | $-0.19 | N/A | $-0.15+16.7% | $-0.18 |
LAW Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $162.4M-6.5% | $173.6M-0.6% | $174.8M+6.0% | $164.9M-1.9% | $168.0M-6.8% | $180.3M-7.2% | $194.4M-1.8% | $198.0M |
| Current Assets | $142.5M-6.8% | $153.0M0.0% | $153.1M+7.1% | $142.9M-1.8% | $145.6M-7.2% | $156.9M-0.1% | $157.1M-1.9% | $160.2M |
| Cash & Equivalents | $17.6M-10.2% | $19.7M-31.8% | $28.8M+32.9% | $21.7M-37.2% | $34.5M-34.6% | $52.8M-31.1% | $76.5M-41.1% | $130.0M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $26.8M+4.7% | $25.6M+5.7% | $24.2M+1.6% | $23.9M+6.9% | $22.3M-3.4% | $23.1M-3.6% | $24.0M-5.3% | $25.3M |
| 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 | $38.4M-15.6% | $45.5M+3.2% | $44.1M+63.6% | $27.0M+4.3% | $25.9M-21.2% | $32.8M+21.0% | $27.1M0.0% | $27.1M |
| Current Liabilities | $34.0M-15.9% | $40.4M+3.7% | $39.0M+84.2% | $21.2M+9.1% | $19.4M-24.5% | $25.7M+22.5% | $21.0M+2.5% | $20.5M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $123.9M-3.2% | $128.1M-1.9% | $130.6M-5.3% | $137.9M-3.0% | $142.2M-3.6% | $147.5M-11.8% | $167.3M-2.1% | $170.9M |
| Retained Earnings | -$351.4M-2.8% | -$341.8M-2.6% | -$333.3M-4.3% | -$319.6M-3.5% | -$308.8M-3.8% | -$297.4M-9.3% | -$272.2M-3.5% | -$263.1M |
LAW Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$11.7M-1633.3% | $762K+177.8% | -$979K+76.8% | -$4.2M+59.8% | -$10.5M-602.8% | $2.1M+173.1% | -$2.9M-339.5% | -$650K |
| Capital Expenditures | $700K+38.1% | $507K-52.0% | $1.1M+9.4% | $965K+83.8% | $525K-5.9% | $558K-36.4% | $877K+33.3% | $658K |
| Free Cash Flow | -$12.4M-4956.5% | $255K+112.5% | -$2.0M+60.8% | -$5.2M+53.0% | -$11.0M-820.5% | $1.5M+141.0% | -$3.7M-185.5% | -$1.3M |
| Investing Cash Flow | $9.6M+197.2% | -$9.9M-224.0% | $8.0M+192.2% | -$8.6M-12.7% | -$7.7M+70.4% | -$25.9M+49.1% | -$50.8M-7645.9% | -$656K |
| Financing Cash Flow | $85K+297.7% | -$43K-128.5% | $151K+1987.5% | -$8K+90.5% | -$84K-800.0% | $12K-94.4% | $214K+101.2% | -$17.4M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $132K+277.1% | $35K+34.6% | $26K+30.0% | $20K-16.7% | $24K-11.1% | $27K-6.9% | $29K-9.4% | $32K |
LAW Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 74.2%-0.9pp | 75.1%-0.4pp | 75.5%+0.9pp | 74.6%+0.5pp | 74.1%-0.2pp | 74.2%+1.1pp | 73.1%-1.1pp | 74.2% |
| Operating Margin | -24.1%-1.6pp | -22.4%+12.9pp | -35.3%-4.3pp | -31.0%+3.4pp | -34.4%+36.2pp | -70.6%-40.6pp | -30.0%+4.4pp | -34.4% |
| Net Margin | -23.0%-2.3pp | -20.6%+12.8pp | -33.4%-5.0pp | -28.4%+2.7pp | -31.1%+37.0pp | -68.1%-42.9pp | -25.3%+4.8pp | -30.1% |
| Return on Equity | -7.8%-1.1pp | -6.6%+3.8pp | -10.5%-2.6pp | -7.8%+0.2pp | -8.0%+9.1pp | -17.1%-11.6pp | -5.5%+0.9pp | -6.3% |
| Return on Assets | -5.9%-1.0pp | -4.9%+2.9pp | -7.8%-1.3pp | -6.6%+0.2pp | -6.8%+7.2pp | -14.0%-9.3pp | -4.7%+0.8pp | -5.5% |
| Current Ratio | 4.19+0.4 | 3.78-0.1 | 3.93-2.8 | 6.75-0.7 | 7.50+1.4 | 6.11-1.4 | 7.49-0.3 | 7.82 |
| Debt-to-Equity | 0.31-0.0 | 0.36+0.0 | 0.34+0.1 | 0.20+0.0 | 0.18-0.0 | 0.22+0.1 | 0.160.0 | 0.16 |
| FCF Margin | -29.6%-30.2pp | 0.6%+5.6pp | -5.0%+8.6pp | -13.6%+16.5pp | -30.1%-34.2pp | 4.1%+14.4pp | -10.3%-6.7pp | -3.6% |
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Frequently Asked Questions
What is Cs Disco Inc's annual revenue?
Cs Disco Inc (LAW) reported $156.8M in total revenue for fiscal year 2025. This represents a 8.3% 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 8.3% year-over-year, from $144.8M to $156.8M in fiscal year 2025.
Is Cs Disco Inc profitable?
No, Cs Disco Inc (LAW) reported a net income of -$44.4M in fiscal year 2025, with a net profit margin of -28.3%.
What is Cs Disco Inc's EBITDA?
Cs Disco Inc (LAW) had EBITDA of -$44.5M in fiscal year 2025, 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 74.9% in fiscal year 2025, 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 -30.7% in fiscal year 2025, 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 -28.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Cs Disco Inc's return on equity (ROE)?
Cs Disco Inc (LAW) has a return on equity of -34.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Cs Disco Inc's free cash flow?
Cs Disco Inc (LAW) generated -$18.0M in free cash flow during fiscal year 2025. This represents a -56.0% 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 -$14.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Cs Disco Inc's total assets?
Cs Disco Inc (LAW) had $173.6M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Cs Disco Inc's capital expenditures?
Cs Disco Inc (LAW) invested $3.1M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Cs Disco Inc spend on research and development?
Cs Disco Inc (LAW) invested $56.6M in research and development during fiscal year 2025.
What is Cs Disco Inc's current ratio?
Cs Disco Inc (LAW) had a current ratio of 3.78 as of fiscal year 2025, 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 0.36 as of fiscal year 2025, 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 -25.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Cs Disco Inc's cash runway?
Based on fiscal year 2025 data, Cs Disco Inc (LAW) had $19.7M in cash against an annual operating cash burn of $14.9M. This gives an estimated cash runway of approximately 16 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 Altman Z-Score?
Cs Disco Inc (LAW) has an Altman Z-Score of 1.27, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Cs Disco Inc's Piotroski F-Score?
Cs Disco Inc (LAW) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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 0.34x, 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 59 out of 100 on our Financial Health Score, indicating moderate standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.