CS Disco, Inc. LAW
DISCO provides cloud-native, artificial intelligence-powered legal product offerings that simplify legal hold, legal request, ediscovery, legal document review and case management for enterprises, law firms, legal services providers and governments. Our scalable, integrated product offerings enable legal departments to easily collect, process and review enterprise data that is relevant or potentially relevant to legal matters. We leverage a cloud-native architecture and powerful artificial intelligence, or AI, models to automatically identify legally relevant documents and improve the accuracy and speed of legal document review. Our AI models continuously learn from legal work conducted using our product offerings and can be reused across legal matters, which further strengthens our ability to help our customers find evidence and resolve matters faster as they expand usage of our product offerings. We provide legal departments with the ability to centralize legal data into a single platform, improving security and privacy for our customers, enabling transparent collaboration with other legal industry participants and allowing customers to reuse data and lawyer work product across legal matters. By automating the manual, time-consuming and error-prone parts of legal hold, legal request, ediscovery, legal document review and case management, we empower lawyers to focus on delivering better legal outcomes.
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- United States
- All other countries
| Region | FY2025 | FY2024 |
|---|---|---|
| United States | $143.7M | $132.7M |
| All other countries | $13.2M | $12.2M |
As the company reported it, from the “Revenue Recognition - Schedule of Disaggregation of Revenue by Geographic Area (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $156.8M | $144.8M | $138.1M | $135.2M | $114.3M | $68.4M | — |
| Cost of revenue | $39.4M | $37.4M | $34.9M | $34.2M | $31.1M | $20.4M | — |
| Gross profit | $117.4M | $107.4M | $103.1M | $101.0M | $83.2M | $48.0M | — |
| R&D | $56.6M | $51.5M | $51.6M | $59.3M | $34.4M | $26.6M | — |
| SG&A | $48.9M | $41.0M | $33.2M | $40.7M | $25.6M | $13.9M | — |
| Total operating expenses | $165.5M | $169.2M | $153.0M | $172.8M | $107.1M | $70.5M | — |
| Operating income | -$48.1M | -$61.7M | -$49.8M | -$71.8M | -$23.8M | -$22.5M | — |
| Pre-tax income | -$43.6M | -$55.4M | -$41.7M | -$70.6M | -$24.3M | -$22.8M | — |
| Income tax | $743.0K | $332.0K | $443.0K | $186.0K | $81.0K | $71.0K | — |
| Net income | -$44.4M | -$55.8M | -$42.1M | -$70.8M | -$24.3M | -$22.9M | — |
| EPS, basic | -0.72 | -0.93 | -0.70 | -1.20 | -0.73 | -1.74 | — |
| EPS, diluted | -0.72 | -0.93 | -0.70 | -1.20 | -0.73 | -1.74 | — |
| Shares, diluted (wtd. avg.) | 61.7M | 60.2M | 60.1M | 58.8M | 33.2M | 13.2M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | $19.7M | $52.8M | $159.6M | $203.2M | $255.5M | $58.6M | $23.2M |
| Short-term investments | $94.9M | $76.4M | $0 | — | — | — | — |
| Receivables | $25.6M | $23.1M | $27.0M | $22.7M | $20.7M | $12.9M | — |
| Total current assets | $153.0M | $156.9M | $192.3M | $231.5M | $280.9M | $72.8M | — |
| Goodwill | $5.9M | $5.9M | $5.9M | $5.9M | $0 | — | — |
| Other intangibles | $206.0K | $400.0K | $681.0K | $962.0K | $0 | — | — |
| Total assets | $173.6M | $180.3M | $231.5M | $256.3M | $287.4M | $79.1M | — |
| Accounts payable | $3.9M | $4.0M | $5.2M | $8.5M | $4.7M | $3.6M | — |
| Total current liabilities | $40.4M | $25.7M | $23.1M | $22.8M | $18.6M | $12.2M | — |
| Total liabilities | $45.5M | $32.8M | $31.2M | $32.7M | $18.7M | $13.2M | — |
| Retained earnings | -$341.8M | -$297.4M | -$240.4M | -$198.2M | -$127.5M | -$103.1M | — |
| Total equity | $128.1M | $147.5M | $200.3M | $223.6M | $268.7M | -$94.9M | -$74.4M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -$14.9M | -$8.7M | -$25.5M | -$46.0M | -$21.6M | -$22.7M | — |
| Depreciation and amortisation | $3.7M | $3.9M | $4.2M | $3.0M | $1.7M | $1.6M | — |
| Stock-based compensation | $24.5M | $22.3M | $16.2M | $21.7M | $5.6M | $2.0M | — |
| Capital expenditure | $3.1M | $2.8M | $4.9M | $4.4M | $3.1M | $1.9M | — |
| Investing cash flow | -$18.2M | -$78.0M | -$20.0M | -$9.7M | -$3.1M | -$1.9M | — |
| Financing cash flow | $16.0K | -$20.0M | $1.9M | $3.5M | $221.7M | $60.0M | — |
| Buybacks | $105.0K | $127.0K | $89.0K | $264.0K | $476.0K | $138.0K | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001625641-26-000044.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Revenue | — | $68.4M | $114.3M | $135.2M | $138.1M | $144.8M | $156.8M |
| Gross profit | — | $48.0M | $83.2M | $101.0M | $103.1M | $107.4M | $117.4M |
| Net income | — | -$22.9M | -$24.3M | -$70.8M | -$42.1M | -$55.8M | -$44.4M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Officer or director change Item 5.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Officer or director change Item 5.02
- Results announced Item 2.02
- Results announced Item 2.02
- Officer or director change Item 5.02
- Shareholder vote Item 5.07
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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