Saturday 7 November 2026
Export LAW’s income statement to Excel — free account
CS Disco, Inc.
LAW Technology Software Application
CS Disco, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $156.8 million, up 8.29% from fiscal 2024.
- Revenue
- +10.8%
- EPS
- +65.0%
- Free cash flow
- −165.4%
- Total debt
- −53.0%
Quarter to September 2026, against a year earlier
5.66
0.04
+0.71%
Follow LAW
Alert me
Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Sep ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | 49 | 68 | 114 | 135 | 138 | 145 | 157 | 172 | +21.6% | 177 | 196 | 216 | +11.3% | |
| Gross margin, % | — | — | — | 70.23 | 70.12 | 72.80 | 74.73 | 74.69 | 74.17 | 74.86 | 74.83 | +4.6 pt | ||||||
| EBT | — | — | — | (30) | (23) | (24) | (71) | (42) | (55) | (44) | (31) | +6.5% | ||||||
| EBT margin, % | — | — | — | (61.42) | (33.31) | (21.22) | (52.21) | (30.20) | (38.28) | (27.82) | (18.15) | +33.6 pt | ||||||
| Net income | — | 0 | — | (30) | (23) | (24) | (71) | (42) | (56) | (44) | (32) | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | — | 0.85 | 5.20 | 3.44 | 2.30 | 2.30 | 2.41 | 2.54 | 2.63 | +19.9% | |||||
| Earnings | — | — | — | (0.53) | (1.74) | (0.73) | (1.20) | (0.70) | (0.93) | (0.72) | (0.49) | +5.2% | ||||||
| Cash flow | — | — | — | (0.48) | (1.72) | (0.65) | (0.78) | (0.42) | (0.15) | (0.24) | (0.23) | (10.8%) | ||||||
| Capex | — | — | — | 0.00 | (0.14) | (0.09) | (0.07) | (0.31) | (0.05) | (0.05) | (0.07) | n/m | ||||||
| Free cash flow | — | — | — | (0.48) | (1.87) | (0.75) | (0.86) | (0.74) | (0.19) | (0.29) | (0.30) | (8.0%) | ||||||
| Book value | — | — | — | 0.46 | 5.00 | 8.09 | 3.81 | 3.33 | 2.45 | 2.08 | 1.84 | +28.3% | ||||||
| Shares, m | — | — | — | 57 | 13 | 33 | 59 | 60 | 60 | 62 | 64 | +1.4% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.0 | |||||
| P/S | — | — | — | 6.37 | 6.37 | 10.38 | 2.63 | 3.23 | 2.07 | 3.05 | 2.15 | 4.9 | ||||||
| P/B | — | — | — | 0.00 | 0.00 | 4.42 | 1.59 | 2.22 | 2.04 | 3.74 | 3.07 | 2.0 | ||||||
| EV/Sales | — | — | — | 5.84 | 5.84 | 8.15 | 1.13 | 2.07 | 1.18 | 2.32 | 1.59 | 3.8 | ||||||
| EV/FCF | — | — | — | (25.44) | (25.44) | (37.65) | (3.02) | (9.42) | (14.87) | (20.27) | (13.79) | (19.4) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | (27) | (23) | (22) | (46) | (26) | (9) | (15) | (15) | (9.6%) | |||||
| Capex | — | — | — | (3) | (2) | (3) | (4) | (19) | (3) | (3) | (5) | (1.5%) | ||||||
| Free cash flow | — | — | — | (27) | (25) | (25) | (50) | (44) | (12) | (18) | (20) | (6.7%) | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | 23 | 61 | 262 | 209 | 169 | 131 | 113 | 102 | +30.6% | |||||
| Net debt | — | — | — | (23) | (58) | (255) | (203) | (159) | (129) | (115) | (97) | +30.5% | ||||||
| Shareholders’ equity | — | — | — | 26 | 66 | 269 | 224 | 200 | 148 | 128 | 120 | +30.1% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | — | (166.68) | (39.94) | (13.31) | (26.03) | (17.28) | (27.08) | (25.07) | (18.81) | +141.6 pt | |||||
| ROIC | — | — | — | 0.00 | (189.86) | (112.83) | (217.96) | (76.09) | (208.49) | (221.45) | (91.93) | (221.5) pt | ||||||
| ROE | — | — | — | 35.35 | 27.13 | (28.09) | (28.75) | (19.88) | (32.07) | (32.20) | (25.38) | (67.5) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | — | 470 | 661 | 543 | 561 | 577 | — | +5.3% | |||||
| Revenue/emp, $m | — | — | — | 0.00 | 0.00 | 0.24 | 0.20 | 0.25 | 0.26 | 0.27 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 6 Nov 2026
CS Disco, Inc. vs peers in Software Application (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| MTLS Materialise NV | $383.9M | 26.2× | 30.6× | −1.23% (below 0%: shrinking) | −32.25% (below 0%: shrinking) | +40.10% (above 0%: growing) | 57.68% | 1.98% | Compare |
| LAW CS Disco, Inc. | $364.9M | — (loss-making) | — (loss-making) | +10.80% (above 0%: growing) | n/m | −165.42% (below 0%: shrinking) | 75.51% | (12.36%) | |
| CRNC Cerence Inc. | $363.2M | — (loss-making) | 245× | +11.81% (above 0%: growing) | n/m | +22.24% (above 0%: growing) | 76.04% | 2.69% | Compare |
| MNTN MNTN Inc. | $351.6M | 6.8× | 6.8× | +20.56% (above 0%: growing) | n/m | +87.71% (above 0%: growing) | 80.32% | 8.62% | Compare |
| AIOT PowerFleet, Inc. | $347.6M | — (loss-making) | — (loss-making) | +6.41% (above 0%: growing) | n/m | +92.55% (above 0%: growing) | 55.20% | 0.24% | Compare |
| ALIT Alight, Inc. | $345.6M | — (loss-making) | — (loss-making) | −6.19% (below 0%: shrinking) | n/m | −85.71% (below 0%: shrinking) | 27.00% | (12.20%) | Compare |
| YB Yuanbao Inc. - Sponsored ADR | $340.5M | 2.1× | — | +37.38% (above 0%: growing) | +14.26% (above 0%: growing) | — | 92.98% | 32.39% | Compare |
| EGHT 8x8 Inc | $325.0M | 39.7× | 213× | +4.29% (above 0%: growing) | +317.86% (above 0%: growing) | +130.99% (above 0%: growing) | 59.67% | 3.61% | Compare |
| PLTS Platinum Analytics Cayman Limited | $316.1M | — | — | — | — | — | — | — | Compare |
| Median of peers | $346.6M | 16.5× | 122× | +6.41% | +14.26% | +63.91% | 59.67% | 2.69% |
Pay and ownership Proxy statement filed 30 April 2026
Ownership
Directors and executive officers, together
16.80%
Entities affiliated with Bessemer Venture Partners
13.50%
Krishna Srinivasan
12.40%
Entities affiliated with LiveOak Venture Partners
12.30%
SG-DISCO, LLC
12.20%
Entities affiliated with Georgian Partners
9.20%
Topline Capital Management, LLC
5.00%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement