CS Disco, Inc.LAW

CS Disco, Inc. Leases Disclosure

10-KFiled Feb 25, 20262 min read
Leases
The Company leases office spaces under non-cancellable operating leases for its corporate headquarters in Austin, Texas and its office space in New York, New York. The Company also leases furniture under a non-cancellable finance lease. Pursuant to the corporate headquarters lease in Austin, the initial term expires on July 31, 2028, and pursuant to the lease in New York, the term expires on January 31, 2028. For each lease, the Company recognizes a right-of-use-asset and lease liability. The asset and liability are then amortized as payments are made.
The cost of leases recorded in the accompanying consolidated statements of operations and comprehensive loss were as follows (in thousands):
Year Ended December 31,
 20252024
Operating lease expense
$2,688 $2,461 
Finance lease expense
Amortization expense48 48 
Interest on lease liability
5 6 
Total lease cost$2,741 $2,515 
Supplemental cash flow information and non-cash activity related to the Company’s leases was as follows (in thousands):
Year Ended December 31,
20252024
Cash paid for operating lease liabilities
$2,710 $2,533 
Cash paid for financing lease liabilities
$47 $47 
Right-of-use assets obtained in exchange for operating lease liabilities$— $2,057 

The weighted average remaining lease term and discount rate as of December 31, 2025 are as follows:
Weighted Average Remaining Lease Term
Operating leases
2.47 years
Finance leases
2.58 years
Weighted Average Discount Rate
Operating leases
5.17 %
Finance leases
5.00 %
Future minimum payments required under operating and financing leases, by year and in aggregate, that have initial or remaining non-cancellable lease terms in excess of one year, are as follows (in thousands):
Year Ended
December 31, 2025
Operating
Leases		Finance
Leases
2026
2,917 47 
20273,006 47 
20281,397 28 
Thereafter— — 
Total lease payments$7,320 $122 
Less: imputed interest(465)(6)
Present value of lease liabilities$6,855 $116 
As of December 31, 2025, the Company had no additional operating or finance leases with future commencement dates.

Historical Timeline

Fiscal YearFiled
2025Feb 25, 2026Showing above
2024Feb 20, 2025
2023Feb 22, 2024
2022Feb 24, 2023
2021Feb 25, 2022

About Leases Disclosures

Lease disclosures under ASC 842 provide a comprehensive view of a company's leased asset portfolio, including the split between operating and finance leases, discount rates used to present-value future payments, and the maturity schedule of lease obligations. This section reveals a significant source of off-balance-sheet commitments that were largely hidden before the current standard.

Key signals: the weighted-average discount rate affects the size of recorded lease liabilities — a higher rate reduces the reported obligation, so compare the chosen rate against the company's incremental borrowing rate. The operating versus finance lease mix affects both EBITDA and operating income presentation. Watch the maturity table for concentration risk: large payment cliffs in specific years may create cash flow pressure. Variable lease payments excluded from the liability measurement represent real obligations that do not appear on the balance sheet. Compare total lease costs against prior-year operating lease expense to assess the true economic burden.

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