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. In the quarter to June 2026, revenue grew 13.2%, EPS grew 27.8%, free cash flow grew 57.2% and total debt fell 46.8%, each against the same quarter a year earlier. Revenue growth for five consecutive years; insiders bought in the last twelve months.

4.45 0.24 −5.12%
Market cap
$304.5M
P/E
0.0×
Fwd P/E
−7.3×
Dividend yield
—
F-score
5/9
Altman Z
4.32
Beneish M
−0.34
Dividend safety
n/a

Insider Decisions trades per month

Total buys 3.80
Total sells 0.86
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy 2 — — 4 1 — 1 — — 1 — —
Sell 5 1 — 4 4 — 4 — — 4 — —
Insider Ownership 60.80%

Capital & Financial Ratios $m

Market Cap 304.48
Revenue 167.12
Net Income (40.44)
Free Cash Flow (16.37)
Net Debt (101.34)
Current Ratio 3.77 (at or above 1.5: strong)
Debt/Equity 0.00 (at or below 0.5: strong)
P/E ratio 0.00
Fwd P/E (7.30) (negative: loss-making)
P/S ratio 1.72
P/B ratio 2.39
Past 5Y EPS Growth —
This Y EPS Growth 20.78% (at or above 15%: strong)
Next Y EPS Growth 75.04% (at or above 15%: strong)
Next Y revenue growth 12.02% (at or above 10%: strong)
Next 5Y EPS Growth 53.06% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/S against its own 10 years 16.78%
10-year low 10-year high
P/B against its own 10 years 61.33%
10-year low 10-year high
EV/Sales against its own 10 years 21.64%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2020 Powerpack
2019 Powerpack
2018 Powerpack
special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 160 129 115 101
Receivables 27 23 34 36
Inventory — — — —
Other 6 5 5 4
192 157 153 142
2023 2024 2025 Q'26
Payables 5 4 4 4
ST’ Debt — — — —
Other — — — —
23 26 40 38

Compound Annual Growth %

10y 5y 3y
Sales — 18.04% 5.08%
Cash Flow — 0.00% 0.00%
Earnings — 0.00% 0.00%
Book Value — 14.23% (16.95%)

Revenue $m

Mar Jun Sep Dec Year
’26 42 43 — — —
’25 37 38 41 41 157
’24 36 36 36 37 145
’23 33 34 35 36 138
’22 34 34 34 33 135
’21 21 30 30 34 114
’20 16 16 18 19 68
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (12) (1) — — —
’25 (10) (4) (1) 1 (15)
’24 (7) (1) (3) 2 (9)
’23 (15) (7) (7) 3 (26)
’22 (11) (11) (14) (9) (46)
’21 (4) (6) (9) (3) (22)
’20 (10) (15) (3) (5) (23)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (12) (2) — — —
’25 (11) (5) (2) 0 (18)
’24 (8) (1) (4) 2 (12)
’23 (16) (9) (22) 2 (44)
’22 (12) (12) (16) (10) (50)
’21 (5) (7) (10) (4) (25)
’20 (10) (16) (3) (6) (25)
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 (0.15) (0.13) — — —
’25 (0.19) (0.18) (0.22) (0.13) (0.72)
’24 (0.17) (0.18) (0.15) (0.42) (0.93)
’23 (0.34) (0.25) (0.02) (0.10) (0.70)
’22 (0.20) (0.35) (0.34) (0.32) (1.20)
’21 (0.22) (0.23) (0.19) (0.16) (0.73)
’20 (0.20) (0.42) (0.24) (0.05) (1.74)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.7
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low — — — — — 33.04 5.68 5.07 4.71 3.31

Analyst estimates 2026–2028

Powerpack
High — — — — — 69.41 40.73 10.77 8.80 9.11
People
People Employees — — — — — 470 661 543 561 577
Revenue/emp, $m — — — 0.00 0.00 0.24 0.20 0.25 0.26 0.27
Income, $m
Income, $m Revenue — — — 49 68 114 135 138 145 157
Gross margin, % — — — 70.23 70.12 72.80 74.73 74.69 74.17 74.86
EBT — — — (30) (23) (24) (71) (42) (55) (44)
EBT margin, % — — — (61.42) (33.31) (21.22) (52.21) (30.20) (38.28) (27.82)
Net income — 0 — (30) (23) (24) (71) (42) (56) (44)
Depreciation — — — 1 2 2 3 4 18 0
Per share, $
Per share, $ Revenue — — — 0.85 5.20 3.44 2.30 2.30 2.41 2.54
Earnings — — — (0.53) (1.74) (0.73) (1.20) (0.70) (0.93) (0.72)
Cash flow — — — (0.48) (1.72) (0.65) (0.78) (0.42) (0.15) (0.24)
Capex — — — 0.00 (0.14) (0.09) (0.07) (0.31) (0.05) (0.05)
Free cash flow — — — (0.48) (1.87) (0.75) (0.86) (0.74) (0.19) (0.29)
Book value — — — 0.46 5.00 8.09 3.81 3.33 2.45 2.08
Shares, m — — — 57 13 33 59 60 60 62
Valuation, ×
Valuation, × P/E — — — 0.00 0.00 0.00 0.00 0.00 0.00 0.00
P/S — — — 6.37 6.37 10.38 2.63 3.23 2.07 3.05
P/B — — — 0.00 0.00 4.42 1.59 2.22 2.04 3.74
EV/Sales — — — 5.84 5.84 8.15 1.13 2.07 1.18 2.32
EV/FCF — — — (25.44) (25.44) (37.65) (3.02) (9.42) (14.87) (20.27)
Cash, $m
Cash, $m Operating cash flow — — — (27) (23) (22) (46) (26) (9) (15)
Capex — — — (3) (2) (3) (4) (19) (3) (3)
Free cash flow — — — (27) (25) (25) (50) (44) (12) (18)
Balance, $m
Balance, $m Working capital — — — 23 61 262 209 169 131 113
Total debt — — — — 0 1 0 0 0 0
Net debt — — — (23) (58) (255) (203) (159) (129) (115)
Shareholders’ equity — — — 26 66 269 224 200 148 128
Returns, %
Returns, % ROA — — — (166.68) (39.94) (13.31) (26.03) (17.28) (27.08) (25.07)
ROIC — — — 0.00 (189.86) (112.83) (217.96) (76.09) (208.49) (221.45)
ROE — — — 35.35 27.13 (28.09) (28.75) (19.88) (32.07) (32.20)
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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
QH Quhuo Limited Sponsored ADR $356.9M — (loss-making) 9.1× +63.08% (above 0%: growing) n/m +67.69% (above 0%: growing) 3.85% 0.00% Compare
API Agora, Inc. Sponsored ADR $335.1M 48.0× 33.2× +17.98% (above 0%: growing) +89.87% (above 0%: growing) −94.80% (below 0%: shrinking) 63.67% (2.36%) Compare
HKD AMTD Digital Inc. Sponsored ADR $329.0M — — — — +39.75% (above 0%: growing) 0.00% 0.00% Compare
PLTS Platinum Analytics Cayman Limited $316.1M — — — — — — — Compare
LAW CS Disco, Inc. $304.5M — (loss-making) — (loss-making) +13.23% (above 0%: growing) n/m +57.21% (above 0%: growing) 74.43% (21.36%)
CURR Currenc Group Inc. $299.8M — (loss-making) — (loss-making) −21.81% (below 0%: shrinking) n/m +36.06% (above 0%: growing) 42.74% (46.55%) Compare
EGHT 8x8 Inc $299.0M 54.5× 126× +4.86% (above 0%: growing) n/m +89.29% (above 0%: growing) 61.19% 2.30% Compare
GLOO Gloo Holdings, Inc. $298.4M — (loss-making) — (loss-making) +187.97% (above 0%: growing) n/m +49.40% (above 0%: growing) 36.02% (44.02%) Compare
CMRC Commerce.com, Inc. $295.0M — (loss-making) 36.0× +0.09% (above 0%: growing) n/m −99.58% (below 0%: shrinking) 75.17% 3.20% Compare
Median of peers $307.9M — 34.6× +11.42% — +39.75% 42.74% 0.00%

All 237 Software Application stocks →

CS Disco, Inc. (LAW) key facts

  • Concern: CS Disco, Inc. reported a net loss of $44.4 million, or a loss of $0.72 per share, for fiscal 2025.
  • Strength: CS Disco, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $156.8 million, up 8.29% from fiscal 2024.
  • CS Disco, Inc. (LAW) is a Software Application company in the Technology sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, LAW traded at $4.45, a market capitalization of $304.5 million.
  • Trailing earnings are negative, so a P/E ratio is not meaningful; the stock trades at 1.7× sales.
  • Return on equity was −32.2% and debt-to-equity 0.00.
  • Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 4.32 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

CS Disco, Inc. (LAW) Latest News

11 May

28 Feb

stockrow.com/LAW · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com