LAW (CS Disco, Inc.) Stock Financials & Earnings

LAWCS Disco, Inc.

Mkt Cap$280M

Revenue (TTM)$157M

Net Income (TTM)-$44M

EPS (TTM)-$0.73

Free Cash Flow (TTM)-$18M

Gross Margin74.9%

Op. Margin-30.7%

Net Margin-28.3%

FCF Margin-11.5%

P/S Ratio (TTM)1.8x

P/E Ratio (TTM)—

YoY Rev Growth+8.3%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$33M	$25M	-$22M
Q2 23	$34M	$25M	-$17M
Q3 23	$35M	$26M	-$3M
Q4 23	$36M	$27M	-$8M
Q1 24	$36M	$27M	-$12M
Q2 24	$36M	$27M	-$12M
Q3 24	$36M	$27M	-$11M
Q4 24	$37M	$27M	-$26M
Q1 25	$37M	$27M	-$13M
Q2 25	$38M	$28M	-$12M
Q3 25	$41M	$31M	-$14M
Q4 25	$41M	$31M	-$9M

Valuation

Operating Cash Flow

Capital Expenditures

CapEx

OpEx vs Revenue Growth (YoY)

Stock-Based Compensation

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q1 23	$16M	$12M	$19M
Q2 23	$13M	$11M	$18M
Q3 23	$12M	$128K	$17M
Q4 23	$11M	$10M	$14M
Q1 24	$12M	$11M	$16M
Q2 24	$13M	$11M	$15M
Q3 24	$13M	$10M	$15M
Q4 24	$14M	$10M	$15M
Q1 25	$14M	$11M	$15M
Q2 25	$14M	$11M	$15M
Q3 25	$13M	$17M	$15M
Q4 25	$15M	$10M	$15M

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q1 23	-3.9%	-64.4%	-68.3
Q2 23	1.7%	-46.6%	-45.0
Q3 23	1.4%	0.4%	1.7
Q4 23	9.9%	-12.3%	-2.5
Q1 24	7.4%	-31.6%	-24.3
Q2 24	5.0%	-31.5%	-26.5
Q3 24	3.8%	-27.3%	-23.5
Q4 24	3.5%	-64.4%	-60.9
Q1 25	3.0%	-31.9%	-28.8
Q2 25	5.8%	-25.5%	-19.6
Q3 25	12.8%	-30.8%	-18.0
Q4 25	11.3%	-13.7%	-2.5

Revenue Segments

Revenue by Geography

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$188M	$0	$188M
Q2 23	$179M	$0	$179M
Q3 23	$158M	$0	$158M
Q4 23	$160M	$0	$160M
Q1 24	$149M	$0	$149M
Q2 24	$130M	$0	$130M
Q3 24	$77M	$50M	$127M
Q4 24	$53M	$76M	$129M
Q1 25	$35M	$84M	$119M
Q2 25	$22M	$93M	$114M
Q3 25	$29M	$85M	$113M
Q4 25	$20M	$95M	$115M

Shares Outstanding

Revenue Per Employee

Revenue / Employee