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CS Disco, Inc. provides cloud-native and artificial intelligence-powered legal products for legal hold, legal request, ediscovery, legal document review, and case management in the United States and internationally. The company offers DISCO Hold which automates the manual work to comply with preservation requirements, preserve data, notify custodians, track holds with audit trail, and collect data; DISCO Request that automates response compliance for legal requests, such as service of process requests, subpoenas, and law enforcement requests; and DISCO Ediscovery which automates ediscovery process and saving legal departments from manual tasks associated with collecting, processing, enriching, searching, reviewing, analyzing, producing, and using enterprise data that is at issue in legal matters. It also provides DISCO Review, an AI-powered document review that delivers legal document reviews; and DISCO Case Builder that allows legal professionals to collaborate across teams by offering a single place to search, organize, and review witness testimony and other important legal data. The company's products are used for various legal matters comprising litigation, investigation, compliance, and diligence. It serves enterprises, law firms, legal services providers, and governments. CS Disco, Inc. was founded in 2012 and is headquartered in Austin, Texas.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $157M | $-44M | $-44M | $-18M | -34.6% | 8.3% | -20.4% |
| 2024 | $145M | $-43M | $-56M | $-12M | -37.8% | 4.9% | 32.3% |
| 2023 | $138M | $-37M | $-42M | $-44M | -21.0% | 2.1% | -40.4% |
| 2022 | $135M | $-67M | $-71M | $-50M | -31.6% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 135.19 | 138.09 | 144.84 | 156.85 |
| Operating Revenue | - | 135.19 | 138.09 | 144.84 | 156.85 |
| Cost Of Revenue | - | 34.16 | 34.95 | 37.41 | 39.42 |
| Gross Profit | - | 101.03 | 103.14 | 107.43 | 117.42 |
| Operating Expense | - | 172.84 | 152.99 | 153.94 | 165.55 |
| Research And Development | - | 59.26 | 51.62 | 51.51 | 56.60 |
| Selling General And Administration | - | 113.58 | 101.36 | 102.43 | 108.95 |
| Total Expenses | - | 207 | 187.94 | 191.35 | 204.97 |
| Operating Income | - | -71.81 | -49.84 | -46.51 | -48.12 |
| Total Operating Income As Reported | - | -71.81 | -49.84 | -61.72 | -48.12 |
| EBITDA | - | -67.13 | -37.38 | -42.58 | -44.47 |
| Normalized EBITDA | - | -67.13 | -37.38 | -27.37 | -44.47 |
| EBIT | - | -70.11 | -41.54 | -46.51 | -48.12 |
| Interest Income | - | 1.70 | 8.31 | 6.28 | 4.50 |
| Interest Expense | 0.54 | 0.47 | 0.17 | 0.56 | - |
| Net Interest Income | - | 1.23 | 8.14 | 6.28 | 4.50 |
| Other Income Expense | - | - | - | -15.21 | - |
| Interest Income Non Operating | - | 1.70 | 8.31 | 6.28 | 4.50 |
| Interest Expense Non Operating | 0.54 | 0.47 | 0.17 | 0.56 | - |
| Net Non Operating Interest Income Expense | - | 1.23 | 8.14 | 6.28 | 4.50 |
| Pretax Income | - | -70.58 | -41.71 | -55.44 | -43.63 |
| Tax Provision | - | 0.19 | 0.44 | 0.33 | 0.74 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | -3.19 | 0 |
| Net Income Continuous Operations | - | -70.76 | -42.15 | -55.77 | -44.37 |
| Net Income From Continuing And Discontinued Operation | - | -70.76 | -42.15 | -55.77 | -44.37 |
| Net Income From Continuing Operation Net Minority Interest | - | -70.76 | -42.15 | -55.77 | -44.37 |
| Net Income | - | -70.76 | -42.15 | -55.77 | -44.37 |
| Net Income Common Stockholders | - | -70.76 | -42.15 | -55.77 | -44.37 |
| Net Income Including Noncontrolling Interests | - | -70.76 | -42.15 | -55.77 | -44.37 |
| Normalized Income | - | -70.76 | -42.15 | -43.76 | -44.37 |
| Diluted NI Availto Com Stockholders | - | -70.76 | -42.15 | -55.77 | -44.37 |
| Basic Average Shares | 33.21 | 58.75 | 60.14 | 60.21 | - |
| Diluted Average Shares | 33.21 | 58.75 | 60.14 | 60.21 | - |
| Reconciled Depreciation | - | 2.97 | 4.16 | 3.93 | 3.66 |
| Reconciled Cost Of Revenue | - | 34.16 | 34.95 | 37.41 | 39.42 |
| Total Unusual Items | - | - | 0 | -15.21 | 0 |
| Total Unusual Items Excluding Goodwill | - | - | 0 | -15.21 | 0 |
| Special Income Charges | - | - | 0 | -15.21 | 0 |
| Impairment Of Capital Assets | - | - | 0 | 15.21 | 0 |
| General And Administrative Expense | - | 40.74 | 33.23 | 41.05 | 48.91 |
| Other Gand A | - | 40.74 | 33.23 | 41.05 | 48.91 |
| Selling And Marketing Expense | - | 72.84 | 68.13 | 61.38 | 60.04 |
| Otherunder Preferred Stock Dividend | 0.06 | 0 | - | - | - |
| Other Taxes | 0 | - | - | - | - |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| CS Disco, Inc.this co. | LAW | $251M | -5.67 | 1.96 | -34.6% | -5.37 |
| Asure Software, Inc. | ASUR | $261M | -19.88 | 1.32 | -6.6% | 15.09 |
| Conduent Incorporated | CNDT | $259M | -1.52 | 0.38 | -24.8% | 10.57 |
| Blaize Holdings, Inc. | BZAI | $258M | -1.24 | 6.60 | -530.5% | -2.37 |
| Richardson Electronics, Ltd. | RELL | $251M | -219.31 |
| - |
| - |
| - |
| - |
| 1.60 |
| -0.7% |
| 32.74 |
| Aviat Networks, Inc. | AVNW | $250M | 186.71 | 0.95 | 0.5% | 15.93 |
| Turtle Beach Corporation | TBCH | $248M | 15.78 | 1.93 | 12.2% | 8.09 |
| Commerce.com, Inc. | CMRC | $235M | -12.14 | 5.97 | -49.1% | 55.05 |
| Inseego Corp. | INSG | $228M | 272.12 | -56.39 | -20.7% | 18.42 |
| Peer Median | - | -1.38 | 1.46 | -13.7% | 15.51 | |