CS Disco, Inc.
Business
CS Disco provides cloud-native, AI-powered legal software for enterprises, law firms, legal services providers and governments to automate legal hold, legal requests, ediscovery, document review and case management. The platform includes DISCO Hold, DISCO Request, DISCO Ediscovery, DISCO Review, DISCO Case Builder and Cecilia AI, enabling customers to collect, process and review enterprise data relevant to legal matters. DISCO operates a single integrated product suite sold globally through direct sales and channel partners on a usage-based pricing model.
Summary from 10-K filed 2026-02-25
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenue | 157 | 145 | 138 | 135 | 114 | |
| Cost of revenue | 39 | 37 | 35 | 34 | 31 | |
| Gross profit | 117 | 107 | 103 | 101 | 83 | |
| Research and development | 57 | 52 | 52 | 59 | 34 | |
| Sales and marketing | 60 | 61 | 68 | 73 | 47 | |
| General and administrative | 49 | 41 | 33 | 41 | 26 | |
| Impairment of intangible asset and capitalized development | 0 | 15 | 0 | — | — | |
| Total operating expenses | 166 | 169 | 153 | 173 | 107 | |
| Loss from operations | −48 | −62 | −50 | −72 | −24 | |
| Interest and other income, net | 4 | 6 | — | — | — | |
| Loss from operations before income taxes | −44 | −55 | −42 | −71 | −24 | |
| Income tax provision | −743,000 | −332,000 | −443,000 | −186,000 | −81,000 | |
| Net loss attributable to common stockholders | −44 | −56 | −42 | −71 | −24 | |
| Unrealized gain on investments | −9,000 | 41,000 | 0 | — | — | |
| Comprehensive loss | −44 | −56 | −42 | — | — | |
| Net loss per share attributable to common stockholders, basic (in dollars per share) | −0.72 | −0.93 | −0.7 | −1.2 | −0.73 | |
| Net loss per share attributable to common stockholders, diluted (in dollars per share) | −0.72 | −0.93 | −0.7 | −1.2 | −0.73 | |
| Weighted-average shares used in computing net loss per share attributable to common shareholders, basic (in shares) | 62 | 60 | 60 | 59 | 33 | |
| Weighted-average shares used in computing net loss per share attributable to common shareholders, diluted (in shares) | 62 | 60 | 60 | 59 | 33 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 20 | 53 | 160 | 203 | 255 | |
| Short-term investments | 95 | 76 | 0 | — | — | |
| Accounts receivable, net | 26 | 23 | 27 | 23 | 21 | |
| Insurance recovery receivable related to legal loss (Note 8) | 8 | 0 | — | — | — | |
| Prepaid expenses and other current assets | 5 | 5 | 6 | 6 | — | |
| Total current assets | 153 | 157 | 192 | 232 | 281 | |
| Property and equipment, net | 8 | 8 | 10 | 8 | 5 | |
| Operating lease right-of-use assets | 6 | 8 | 8 | 10 | 864,000 | |
| Other intangible assets, net | 206,000 | 400,000 | 681,000 | 962,000 | 0 | |
| Goodwill | 6 | 6 | 6 | 6 | 0 | |
| Other assets | 837,000 | 820,000 | 823,000 | 591,000 | 351,000 | |
| Total assets | 174 | 180 | 232 | 256 | 287 | |
| Accounts payable | 4 | 4 | 5 | 8 | 5 | |
| Accrued expenses | 7 | 6 | 6 | 5 | 3 | |
| Accrued legal loss (Note 8) | 12 | 0 | — | — | — | |
| Accrued salary and benefits | 10 | 9 | 6 | 4 | 8 | |
| Deferred revenue | 5 | 4 | 4 | 4 | 2 | |
| Operating leases | 3 | 2 | 2 | 2 | 890,000 | |
| Finance leases | 44,000 | 42,000 | 41,000 | 39,000 | 99,000 | |
| Total current liabilities | 40 | 26 | 23 | 23 | 19 | |
| Operating leases, non-current | 4 | 7 | 7 | 9 | 0 | |
| Finance leases, non-current | 72,000 | 116,000 | 158,000 | 199,000 | 0 | |
| Other liabilities | 801,000 | 141,000 | 800,000 | 950,000 | 75,000 | |
| Total liabilities | 46 | 33 | 31 | 33 | 19 | |
| Commitments and contingencies (Note 8) | — | — | — | — | — | |
| Preferred stock $0.005 par value, 100,000 shares authorized and no shares issued and outstanding as of December 31, 2025 and 2024 | 0 | 0 | 0 | 0 | 0 | |
| Common stock $0.005 par value, 1,000,000 shares authorized as of December 31, 2025 and 2024; 63,264 and 60,329 shares issued and outstanding as of December 31, 2025 and 2024, respectively | 317,000 | 302,000 | 306,000 | 296,000 | 291,000 | |
| Additional paid-in capital | 470 | 445 | 440 | 422 | 396 | |
| Accumulated other comprehensive income | 32,000 | 41,000 | 0 | — | — | |
| Accumulated deficit | −342 | −297 | −240 | −198 | −127 | |
| Total stockholders equity | 128 | 148 | 200 | 224 | 269 | |
| Total liabilities and stockholders equity | 174 | 180 | 232 | 256 | 287 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 4 | 4 | 4 | 3 | 2 | |
| Stock-based compensation | 24 | 22 | 16 | 22 | 6 | |
| Charge to allowance for credit losses | 2 | 2 | 2 | 1 | 833,000 | |
| Gain on disposal of long-lived assets | 0 | −4,000 | 41,000 | −1,000 | −1,000 | |
| Remeasurement of contingent consideration | 0 | 303,000 | 500,000 | 540,000 | 0 | |
| Non-cash operating lease costs | 2 | 2 | 2 | 1 | 986,000 | |
| Amortization of premium on short-term investments | −3 | −1 | 0 | — | — | |
| Other | −193,000 | 0 | — | — | — | |
| Accounts receivable | −4 | 2 | −7 | −3 | −9 | |
| Insurance recovery receivable related to legal loss | −8 | 0 | — | — | — | |
| Prepaid expenses and other current assets | −43,000 | 1 | −310,000 | −989,000 | — | |
| Other long-term assets | −36,000 | −7,000 | −226,000 | −237,000 | −24,000 | |
| Accounts payable | 137,000 | −849,000 | −4 | 3 | 1 | |
| Accrued expenses and other | 2 | 2 | 4 | −4 | 5 | |
| Accrued legal loss | 12 | 0 | — | — | — | |
| Deferred revenue | 1 | 11,000 | 185,000 | 2 | 533,000 | |
| Operating lease liabilities | −2 | −2 | −2 | −614,000 | −1 | |
| Other liabilities | 588,000 | −179,000 | 279,000 | 134,000 | 0 | |
| Net cash used in operating activities | −15 | −9 | −26 | −46 | −22 | |
| Purchases of property, equipment and capitalized software development costs | −3 | −3 | −5 | −4 | −3 | |
| Purchases of short-term investments | −206 | −88 | 0 | — | — | |
| Maturities of short-term investments | 191 | 13 | 0 | — | — | |
| Proceeds from disposal of equipment | 8,000 | 4,000 | 4,000 | 0 | — | |
| Net cash used in investing activities | −18 | −78 | −20 | −10 | −3 | |
| Proceeds from exercise of stock options | 38,000 | 80,000 | 543,000 | 4 | 2 | |
| Net proceeds from issuance of common stock under Employee Stock Purchase Plan | 421,000 | 600,000 | 1 | 0 | — | |
| Repurchase of common stock related to net share settlement | −105,000 | −127,000 | −89,000 | −264,000 | −476,000 | |
| Repurchase of common stock related to share repurchase program | 0 | −20 | 0 | — | — | |
| Cash paid for acquisitions | −296,000 | −456,000 | 0 | — | — | |
| Principal payments on finance lease obligations | −42,000 | −41,000 | −40,000 | −42,000 | −112,000 | |
| Net cash provided by (used in) financing activities | 16,000 | −20 | 2 | 3 | 222 | |
| Net decrease in cash and cash equivalents: | −33 | −107 | −44 | −52 | 197 | |
| Cash paid for taxes | 1 | 896,000 | — | — | — | |
| Property and equipment included in accounts payable and accrued liabilities | 8,000 | 66,000 | 448,000 | 240,000 | 0 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is CS Disco, Inc.'s CIK number?
CS Disco, Inc.'s SEC CIK number is 0001625641 (1625641). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find CS Disco, Inc.'s SEC filings?
All of CS Disco, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did CS Disco, Inc. last report earnings?
CS Disco, Inc. (LAW) most recently filed an earnings 8-K with the SEC on May 6, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001625641-26-000105). This is CS Disco, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is CS Disco, Inc.'s most recent earnings 8-K?
CS Disco, Inc.'s latest earnings 8-K (Item 2.02) was filed May 6, 2026 under accession 0001625641-26-000105. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View CS Disco, Inc.'s latest earnings 8-K →
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