C

CS Disco Inc
NYSE:LAW

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CS Disco Inc
NYSE:LAW
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Price: 8.7 USD -1.58%
Market Cap: 543.7m USD

CS Disco Inc
Investor Relations

CS Disco, Inc. provides legal technology solutions. The company is headquartered in Austin, Texas and currently employs 470 full-time employees. The company went IPO on 2021-07-21. The Company’s solution enables legal departments to collect, process and review enterprise data, which is relevant to legal matters. Its cloud-native architecture and AI models automatically identify legally relevant documents and improve the accuracy and speed of legal document review. Its solution includes DISCO Ediscovery, DISCO Review and DISCO Case Builder. DISCO Ediscovery automates the e-discovery process. DISCO Review is an AI-powered document review, which delivers legal document reviews. Through DISCO Case Builder, legal professionals build a compelling case by offering a place to search, organize and review witness testimony and other important legal data.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 5, 2025
AI Summary
Q3 2025

Revenue Beat: DISCO reported Q3 software revenue of $35.2 million (up 17% YoY) and total revenue of $40.9 million (up 13% YoY), both exceeding the high end of guidance.

Contingent Case Impact: Results included $1.3 million in revenue from a contingent case, but growth would have still exceeded guidance without it.

AI Adoption: Significant growth in customer adoption of generative AI tools like Cecilia AI and Auto Review, with Cecilia usage tripling YoY.

Profitability Progress: Adjusted EBITDA improved by $4.2 million YoY to negative $0.3 million, with margin improving to negative 1%.

Guidance Raised: Management increased full-year 2025 revenue guidance, continuing a trend of raising outlook each quarter.

Strategic Focus: Company is targeting high-value, complex legal matters and saw positive results from this refined go-to-market approach.

Breakeven Target Unchanged: Management reaffirmed the goal of adjusted EBITDA breakeven by Q4 2026.

Key Financials
Software Revenue
$35.2 million
Total Revenue
$40.9 million
Adjusted EBITDA
-$0.3 million
Gross Margin
77%
Net Loss
$0.6 million
Net Loss per Share
$0.01
Cash and Short-Term Investments
$113.5 million
Operating Cash Flow (first 3 quarters 2025)
-$15.7 million
Customers Contributing >$100,000 Revenue (TTM)
326
Revenue from Customers >$100,000 (TTM)
76%
Sales and Marketing Expense
$13.6 million
Research and Development Expense
$11.5 million
General and Administrative Expense
$7.7 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Michael S. Lafair J.D.
Executive VP & CFO
No Bio Available
Mr. Eric Friedrichsen
President, CEO & Director
No Bio Available
Mr. Joe Jacobson
Senior Vice President of Operations
No Bio Available
Kristen Stanley
Director of Accounting
No Bio Available
Mr. Richard Francis Crum
Executive VP and Chief Product & Technology Officer
No Bio Available
Aleksey Lakchakov
Senior Director of Finance & Head of Investor Relations
No Bio Available
Ms. Susan Garcia
General Counsel & Chief Compliance Officer
No Bio Available
Mr. Tom Furr
Chief Marketing Officer
No Bio Available
Ms. Lauren Caruso
Senior VP & Chief Sales Officer
No Bio Available
Ms. Karen Herckis
Chief Human Resources Officer
No Bio Available

Contacts

Address
TEXAS
Austin
3700 N. Capital Of Texas Highway, Suite 150
Contacts
+18336534726.0
www.csdisco.com