CS Disco, Inc. (LAW)
NYSE · Services-Prepackaged Software · Services · CIK 1625641 · fiscal year ends in Dec
Closing price $5.25 on 30 Oct 2026; 52-week range $2.76 to $8.91.
Key figures
The last twelve months reported, with the latest price and balance sheet.
- Revenue, last twelve months
- $167.1M
- Revenue growth
- 12.9%
- Net income, last twelve months
- -$40.4M
- Earnings per share
- -$0.63
- Gross margin
- 74.8%
- Operating margin
- -25.7%
- Net margin
- -24.2%
- Free cash flow
- -$16.4M
- Return on equity
- -33.7%
- Market value
- $340.5M
- Cash
- $10.9M
- Debt
- $0
- Debt to equity
- 0.00
- Shares outstanding
- 64.9M
Financial statements
Revenue, profit and cash flow by fiscal year, each year linked to its annual report.
| Fiscal year | Year end | Revenue | Operating income | Net income | EPS | Free cash flow | Filing |
|---|---|---|---|---|---|---|---|
| FY2025 | 31 Dec 2025 | $156.8M | -$48.1M | -$44.4M | -$0.72 | -$18.0M | 10-K filed 25 Feb 2026 |
| FY2024 | 31 Dec 2024 | $144.8M | -$61.7M | -$55.8M | -$0.93 | -$11.5M | 10-K filed 20 Feb 2025 |
| FY2023 | 31 Dec 2023 | $138.1M | -$49.8M | -$42.1M | -$0.70 | -$30.4M | 10-K filed 22 Feb 2024 |
| FY2022 | 31 Dec 2022 | $135.2M | -$71.8M | -$70.8M | -$1.20 | -$50.4M | 10-K filed 24 Feb 2023 |
| FY2021 | 31 Dec 2021 | $114.3M | -$23.8M | -$24.3M | -$0.73 | -$24.7M | 10-K filed 25 Feb 2022 |
By quarter
| Quarter | Quarter end | Revenue | Net income | EPS |
|---|---|---|---|---|
| Q2 FY2026 | 30 Jun 2026 | $43.1M | -$8.7M | -$0.13 |
| Q1 FY2026 | 31 Mar 2026 | $41.9M | -$9.6M | -$0.15 |
| Q4 FY2025 | 31 Dec 2025 | $41.2M | -$8.5M | -$0.13 |
| Q3 FY2025 | 30 Sep 2025 | $40.9M | -$13.7M | -$0.22 |
| Q2 FY2025 | 30 Jun 2025 | $38.1M | -$10.8M | -$0.18 |
| Q1 FY2025 | 31 Mar 2025 | $36.7M | -$11.4M | -$0.19 |
| Q4 FY2024 | 31 Dec 2024 | $37.0M | -$25.2M | -$0.42 |
| Q3 FY2024 | 30 Sep 2024 | $36.3M | -$9.2M | -$0.15 |
Revenue by segment
As the company reports it in the segment note of its annual report.
By product, FY2025
| Segment | Revenue | Share |
|---|---|---|
| Software | $134.0M | 85.4% |
| Services | $22.8M | 14.6% |
By region, FY2025
| Segment | Revenue | Share |
|---|---|---|
| United States | $143.7M | 91.6% |
| All other countries | $13.2M | 8.4% |
Company events
The newest 8-K filings of 44 held.
| Filed | Form | Event | Items |
|---|---|---|---|
| 5 Aug 2026 | 8-K | Results | 2.02, 9.01 |
| 23 Jul 2026 | 8-K | Leadership change | 5.02 |
| 10 Jun 2026 | 8-K | Shareholder vote | 5.07 |
| 6 May 2026 | 8-K | Results | 2.02, 9.01 |
| 23 Apr 2026 | 8-K | Leadership change | 5.02 |
| 25 Feb 2026 | 8-K | Results | 2.02, 9.01 |
| 22 Dec 2025 | 8-K | Leadership change | 5.02, 9.01 |
| 5 Nov 2025 | 8-K | Results | 2.02, 9.01 |
| 6 Aug 2025 | 8-K | Results, Leadership change | 2.02, 5.02, 9.01 |
| 10 Jun 2025 | 8-K | Shareholder vote | 5.07 |
| 7 May 2025 | 8-K | Results | 2.02, 9.01 |
| 17 Mar 2025 | 8-K | Leadership change | 5.02 |
Every filing
The newest filings with the SEC of 115 held.
| Filed | Form | Period |
|---|---|---|
| 5 Aug 2026 | 10-Q | 30 Jun 2026 |
| 5 Aug 2026 | 8-K | 5 Aug 2026 |
| 23 Jul 2026 | 8-K | 22 Jul 2026 |
| 10 Jun 2026 | 8-K | 10 Jun 2026 |
| 6 May 2026 | 10-Q | 31 Mar 2026 |
| 6 May 2026 | 8-K | 6 May 2026 |
| 30 Apr 2026 | ARS | 31 Dec 2025 |
| 30 Apr 2026 | DEFA14A | – |
| 30 Apr 2026 | DEF 14A | 10 Jun 2026 |
| 23 Apr 2026 | 8-K | 22 Apr 2026 |
| 25 Feb 2026 | S-8 | – |
| 25 Feb 2026 | 10-K | 31 Dec 2025 |
Insider trades
Form 4 trades by officers, directors and 10% owners, last 12 months.
| Traded | Insider | Type | Shares | Price | Value | Held after | Form 4 |
|---|---|---|---|---|---|---|---|
| 17 Aug 2026 | Herckis Karen, EVP, Chief HR Officer | Sale outside a trading plan | 8,487 | $4.18 | $35.5K | 181,824 | 19 Aug 2026 |
| 17 Aug 2026 | Antoon Melanie, EVP, Chief Customer Officer | Sale outside a trading plan | 8,514 | $4.18 | $35.6K | 267,507 | 19 Aug 2026 |
| 17 Aug 2026 | Garcia Susan, GC & Chief Compliance Officer | Sale outside a trading plan | 6,840 | $4.18 | $28.6K | 139,109 | 19 Aug 2026 |
| 17 Aug 2026 | Crum Richard Francis, EVP, Chief Prod & Tech Officer | Sale outside a trading plan | 7,426 | $4.18 | $31.0K | 335,183 | 19 Aug 2026 |
| 10 Aug 2026 | Friedrichsen Eric, Chief Executive Officer | Purchase | 7,500 | $4.26 | $31.9K | 1,481,180 | 11 Aug 2026 |
| 18 May 2026 | Antoon Melanie, EVP, Chief Customer Officer | Sale outside a trading plan | 8,590 | $3.61 | $31.0K | 276,021 | 19 May 2026 |
| 18 May 2026 | Crum Richard Francis, EVP, Chief Prod & Tech Officer | Sale outside a trading plan | 7,492 | $3.61 | $27.0K | 341,609 | 19 May 2026 |
| 18 May 2026 | Garcia Susan, GC & Chief Compliance Officer | Sale outside a trading plan | 6,972 | $3.61 | $25.2K | 145,949 | 19 May 2026 |
| 18 May 2026 | Herckis Karen, EVP, Chief HR Officer | Sale outside a trading plan | 8,562 | $3.61 | $30.9K | 189,311 | 19 May 2026 |
| 8 May 2026 | Friedrichsen Eric, Chief Executive Officer | Purchase | 9,000 | $3.97 | $35.7K | 1,517,172 | 11 May 2026 |
| 3 Mar 2026 | Hill Scott A, Director | Purchase | 8,918 | $3.73 | $33.3K | 50,000 | 4 Mar 2026 |
| 2 Mar 2026 | Antoon Melanie, EVP, Chief Customer Officer | Sale outside a trading plan | 4,882 | $3.24 | $15.8K | 284,611 | 4 Mar 2026 |
Planned insider sales
Form 144 notices, filed when the sell order goes to the broker.
| Filed | Seller | Shares | Value | Planned sale |
|---|---|---|---|---|
| 17 Aug 2026 | Susan Garcia, Officer | 7,200 | $28.8K | 17 Aug 2026 |
| 17 Aug 2026 | Richard Crum, Officer | 7,800 | $31.2K | 17 Aug 2026 |
| 17 Aug 2026 | Melanie Antoon, Officer | 8,900 | $35.6K | 17 Aug 2026 |
| 17 Aug 2026 | Karen Herckis, Officer | 8,900 | $35.6K | 17 Aug 2026 |
| 15 May 2026 | Susan Garcia, Officer | 8,400 | $25.2K | 18 May 2026 |
| 15 May 2026 | Richard Crum, Officer | 9,000 | $27.0K | 18 May 2026 |
| 15 May 2026 | Karen Herckis, Officer | 10,300 | $30.9K | 18 May 2026 |
| 15 May 2026 | Melanie Antoon, Officer | 10,400 | $31.2K | 18 May 2026 |
| 27 Feb 2026 | Karen Herckis, Officer | 4,300 | $12.9K | 2 Mar 2026 |
| 27 Feb 2026 | Melanie Antoon, Officer | 5,300 | $15.9K | 2 Mar 2026 |
Large holders
Schedule 13D and 13G filings by holders of more than 5% of the voting shares.
| Filed | Holder | Schedule | Stake | Shares |
|---|---|---|---|---|
| 14 Nov 2025 | LOVP SBIC MANAGEMENT SERVICES, LLC | 13G amended | 12.6% | 7.9M |
| 14 Nov 2025 | Topline Capital Management, LLC | 13G | 5.1% | 3.2M |
| 12 Nov 2025 | Kiwi Camara | 13G amended | 4.98% | 3.1M |
Short interest
Shares sold short and not yet bought back, on each FINRA settlement date.
| Settlement | Shares short | Change | Days to cover |
|---|---|---|---|
| 15 Oct 2026 | 1.6M | +6.89% | 11.16 |
| 30 Sep 2026 | 1.5M | +0.29% | 7.92 |
| 15 Sep 2026 | 1.5M | -9.44% | 6.88 |
| 31 Aug 2026 | 1.6M | +17.22% | 7.38 |
| 14 Aug 2026 | 1.4M | +5.16% | 5.62 |
| 31 Jul 2026 | 1.3M | -0.25% | 5.45 |
| 15 Jul 2026 | 1.3M | +27.21% | 6.35 |
| 30 Jun 2026 | 1.0M | -0.67% | 3.46 |
Funds that hold it
From each fund's latest Form 13F.
136 funds held it at 30 Jun 2026: 65 added and 31 trimmed in the quarter. The largest:
| Fund | Shares | Value | Change in the quarter |
|---|---|---|---|
| Deer Management Co. LLC | 8,652,826 | $32.7M | 0 |
| Stephens Group, LLC | 7,796,632 | $29.5M | 0 |
| BlackRock, Inc. | 2,015,188 | $7.6M | +280,747 |
| Topline Capital Management, LLC | 1,466,665 | $5.5M | -1,156,449 |
| Solel Partners LP | 1,187,945 | $4.5M | +143,501 |
| Lakewood Capital Management, LP | 1,106,531 | $4.2M | 0 |
| Vanguard Capital Management LLC | 1,083,315 | $4.1M | +16,695 |
| AQR Capital Management LLC | 901,256 | $3.4M | +278,195 |
| Vanguard Portfolio Management LLC | 810,548 | $3.1M | +56,195 |
| Formula Growth Ltd | 800,000 | $3.0M | 0 |
Peers
Companies in the same industry.
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- Snowflake Inc. (SNOW): revenue $5.4B, market value $107.8B
- Cloudflare, Inc. (NET): revenue $2.5B, market value $99.9B