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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% | - |
| 2024 | $145M | $-43M | $-56M | $-12M | -37.8% | 4.9% | - |
| 2023 | $138M | $-37M | $-42M | $-44M | -21.0% | 2.1% | - |
| 2022 | $135M | $-67M | $-71M | $-50M | -31.6% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total 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 |
| Operating Income | -71.81 | -49.84 | -46.51 | -48.12 |
| EBITDA | -67.13 | -37.38 | -42.58 | -44.47 |
| EBIT | -70.11 | -41.54 | -46.51 | -48.12 |
| Pretax Income | -70.58 | -41.71 | -55.44 | -43.63 |
| Tax Provision | 0.19 | 0.44 | 0.33 | 0.74 |
| Net Income | -70.77 | -42.15 | -55.77 | -44.37 |
| Net Income Common Stockholders | -70.77 | -42.15 | -55.77 | -44.37 |
| Total Expenses | 207 | 187.94 | 191.35 | 204.97 |
| Interest Expense | 0.47 | 0.17 | 0.56 | 0 |
| Interest Income | 1.70 | 8.31 | 6.28 | 4.50 |
| Research And Development | 59.26 | 51.62 | 51.51 | 56.60 |
| Selling General And Administration | 113.58 | 101.36 | 102.43 | 108.95 |
| Normalized EBITDA | -67.13 | -37.38 | -27.37 | -44.47 |
| Normalized Income | -70.77 | -42.15 | -43.76 | -44.37 |
| Basic EPS | -1.20 | -0.70 | -0.93 | 0 |
| Diluted EPS | -1.20 | -0.70 | -0.93 | 0 |
| Tax Effect Of Unusual Items | 0 | 0 | -3.19 | 0 |
| Tax Rate For Calcs | 0.21 | 0.21 | 0.21 | 0.21 |
| Total Unusual Items | 0 | 0 | -15.21 | 0 |
| Total Unusual Items Excluding Goodwill | 0 | 0 | -15.21 | 0 |
| Net Income From Continuing Operation Net Minority Interest | -70.77 | -42.15 | -55.77 | -44.37 |
| Reconciled Depreciation | 2.97 | 4.16 | 3.93 | 3.66 |
| Reconciled Cost Of Revenue | 34.16 | 34.95 | 37.41 | 39.42 |
| Net Interest Income | 1.23 | 8.14 | 6.28 | 4.50 |
| Net Income From Continuing And Discontinued Operation | -70.77 | -42.15 | -55.77 | -44.37 |
| Total Operating Income As Reported | -71.81 | -49.84 | -61.72 | -48.12 |
| Diluted Average Shares | 58.75 | 60.14 | 60.21 | 0 |
| Basic Average Shares | 58.75 | 60.14 | 60.21 | 0 |
| Diluted NI Availto Com Stockholders | -70.77 | -42.15 | -55.77 | -44.37 |
| Otherunder Preferred Stock Dividend | 0 | 0 | 0 | 0 |
| Net Income Including Noncontrolling Interests | -70.77 | -42.15 | -55.77 | -44.37 |
| Net Income Continuous Operations | -70.77 | -42.15 | -55.77 | -44.37 |
| Other Income Expense | 0 | 0 | -15.21 | 0 |
| Special Income Charges | 0 | 0 | -15.21 | 0 |
| Impairment Of Capital Assets | 0 | 0 | 15.21 | 0 |
| Net Non Operating Interest Income Expense | 1.23 | 8.14 | 6.28 | 4.50 |
| Interest Expense Non Operating | 0.47 | 0.17 | 0.56 | 0 |
| Interest Income Non Operating | 1.70 | 8.31 | 6.28 | 4.50 |
| Other Taxes | 0 | 0 | 0 | 0 |
| Selling And Marketing Expense | 72.84 | 68.13 | 61.38 | 60.04 |
| General And Administrative Expense | 40.74 | 33.23 | 41.05 | 48.91 |
| Other Gand A | 40.74 | 33.23 | 41.05 | 48.91 |
| Operating Revenue | 135.19 | 138.09 | 144.84 | 156.85 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| CS Disco, Inc.this co. | LAW | $285M | - | 2.22 | -34.6% | -4.74 |
| 3D Systems Corporation | DDD | $315M | 11.37 | 1.31 | 12.3% | -5.75 |
| Rimini Street, Inc. | RMNI | $311M | 8.69 | -11.49 | -137.3% | 7.61 |
| Xperi Inc. | XPER | $310M | - | 0.75 | -13.6% | 25.40 |
| Atomera Incorporated | ATOM | $281M | - | 12.76 |
| -109.8% |
| -13.04 |
| Palladyne AI Corp. | PDYN | $274M | 24.21 | 3.59 | 13.4% | -7.50 |
| Methode Electronics, Inc. | MEI | $271M | - | 0.40 | -9.0% | 12.89 |
| Conduent Incorporated | CNDT | $265M | - | 0.39 | -24.8% | 18.79 |
| Asure Software, Inc. | ASUR | $264M | - | 1.31 | -6.6% | 17.27 |
| Peer Median | - | 11.37 | 1.03 | -11.3% | 10.25 | |