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About

CS Disco, Inc. provides cloud-native and artificial intelligence-powered legal products for legal hold, legal request, ediscovery, legal document review, and case management in the United States and internationally. The company offers DISCO Hold which automates the manual work to comply with preservation requirements, preserve data, notify custodians, track holds with audit trail, and collect data; DISCO Request that automates response compliance for legal requests, such as service of process requests, subpoenas, and law enforcement requests; and DISCO Ediscovery which automates ediscovery process and saving legal departments from manual tasks associated with collecting, processing, enriching, searching, reviewing, analyzing, producing, and using enterprise data that is at issue in legal matters. It also provides DISCO Review, an AI-powered document review that delivers legal document reviews; and DISCO Case Builder that allows legal professionals to collaborate across teams by offering a single place to search, organize, and review witness testimony and other important legal data. The company's products are used for various legal matters comprising litigation, investigation, compliance, and diligence. It serves enterprises, law firms, legal services providers, and governments. CS Disco, Inc. was founded in 2012 and is headquartered in Austin, Texas.

Fundamentals
Scroll to Statements
Sector Technology Industry Software - Application Market Cap 270.41M
Enterprise Value 162.79M Income -44.37M Sales 156.85M
Book/sh 2.02 Cash/sh 1.81 Dividend Yield
Payout 0.00% Employees 577 IPO
P/E Forward P/E -213.50 PEG
P/S 1.72 P/B 2.11 P/C
EV/EBITDA -4.35 EV/Sales 1.04 Quick Ratio 3.67
Current Ratio 3.78 Debt/Eq 5.44 LT Debt/Eq
EPS (ttm) -0.72 EPS next Y -0.02 EPS Growth
Revenue Growth 11.30% Earnings 2026-05-06 ROA -13.76%
ROE -32.20% ROIC Gross Margin 74.86%
Oper. Margin -22.45% Profit Margin -28.29% Shs Outstand 63.33M
Shs Float 23.44M Short Float 2.28% Short Ratio 1.74
Short Interest 52W High 9.11 52W Low 2.45
Beta 2.17 Avg Volume 395.39K Volume 179.82K
Target Price $6.67 Recom Buy Prev Close $4.24
Price $4.27 Change 0.71%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$6.67
Mean price target
2. Current target
$4.27
Latest analyst target
3. DCF / Fair value
$1.29
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$4.27
Low
$4.00
High
$10.00
Mean
$6.67

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-26 main Canaccord Genuity Buy → Buy $6
2026-01-05 main Jefferies Hold → Hold $8
2025-11-06 main Needham Buy → Buy $10
2025-05-08 reit Needham Buy → Buy $8
2025-02-21 reit Needham Buy → Buy $8
2025-01-06 main Jefferies Hold → Hold $6
2024-12-09 main Needham Buy → Buy $8
2024-11-07 reit Needham Buy → Buy $8
2024-10-29 main Jefferies Hold → Hold $6
2024-08-09 main Needham Buy → Buy $8
2024-07-02 down JP Morgan Neutral → Underweight $5
2024-05-10 main Needham Buy → Buy $11
2024-04-10 reit Needham Buy → Buy $15
2024-03-15 reit Needham Buy → Buy $15
2024-02-23 reit Needham Buy → Buy $15
2024-02-23 main Piper Sandler Neutral → Neutral $8
2024-01-04 reit Needham Buy → Buy $15
2023-11-10 main Piper Sandler Neutral → Neutral $7
2023-09-14 down MoffettNathanson Outperform → Market Perform $9
2023-09-12 reit Needham Buy → Buy $15
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 50000 169246 Purchase at price 3.31 - 3.73 per share. HILL SCOTT A Director 2026-03-03 00:00:00 I
1 3978 12889 Sale at price 3.24 per share. HERCKIS KAREN Officer 2026-03-02 00:00:00 D
2 4882 15818 Sale at price 3.24 per share. ANTOON MELANIE Officer 2026-03-02 00:00:00 D
3 6262 20289 Sale at price 3.24 per share. CRUM RICHARD FRANCIS Officer 2026-03-02 00:00:00 D
4 5956 19297 Sale at price 3.24 per share. GARCIA SUSAN General Counsel 2026-03-02 00:00:00 D
5 45000 143850 Purchase at price 2.77 - 3.25 per share. SRINIVASAN KRISHNA Director 2026-02-27 00:00:00 D
6 1026700 3275173 Purchase at price 3.19 per share. GOODMAN ROBERT P Director 2026-02-27 00:00:00 I
7 15500 44950 Purchase at price 2.90 per share. FRIEDRICHSEN ERIC Chief Executive Officer 2026-02-27 00:00:00 D
8 373644 Stock Award(Grant) at price 0.00 per share. FRIEDRICHSEN ERIC Chief Executive Officer 2026-02-20 00:00:00 D
9 69592 Stock Award(Grant) at price 0.00 per share. HERCKIS KAREN Officer 2026-02-18 00:00:00 D
Financials
Line Item2025-12-312024-12-312023-12-312022-12-31
TaxEffectOfUnusualItems0.00-3.19M0.000.00
TaxRateForCalcs0.210.210.210.21
NormalizedEBITDA-44.47M-35.75M-37.38M-67.13M
TotalUnusualItems0.00-15.21M0.00
TotalUnusualItemsExcludingGoodwill0.00-15.21M0.00
NetIncomeFromContinuingOperationNetMinorityInterest-44.37M-55.77M-42.15M-70.77M
ReconciledDepreciation3.66M3.93M4.16M2.97M
ReconciledCostOfRevenue39.42M37.41M34.95M34.16M
EBITDA-44.47M-50.96M-37.38M-67.13M
EBIT-48.12M-54.89M-41.54M-70.11M
NetInterestIncome4.50M6.28M8.14M1.23M
InterestExpense556.00K168.00K473.00K540.00K
InterestIncome4.50M6.84M8.31M1.70M
NormalizedIncome-44.37M-43.76M-42.15M-70.77M
NetIncomeFromContinuingAndDiscontinuedOperation-44.37M-55.77M-42.15M-70.77M
TotalExpenses204.97M191.35M187.94M207.00M
TotalOperatingIncomeAsReported-48.12M-61.72M-49.84M-71.81M
DilutedAverageShares60.21M60.14M58.75M33.21M
BasicAverageShares60.21M60.14M58.75M33.21M
DilutedEPS-0.93-0.70-1.20-0.73
BasicEPS-0.93-0.70-1.20-0.73
DilutedNIAvailtoComStockholders-44.37M-55.77M-42.15M-70.77M
NetIncomeCommonStockholders-44.37M-55.77M-42.15M-70.77M
OtherunderPreferredStockDividend0.0056.00K
NetIncome-44.37M-55.77M-42.15M-70.77M
NetIncomeIncludingNoncontrollingInterests-44.37M-55.77M-42.15M-70.77M
NetIncomeContinuousOperations-44.37M-55.77M-42.15M-70.77M
TaxProvision743.00K332.00K443.00K186.00K
PretaxIncome-43.63M-55.44M-41.71M-70.58M
OtherIncomeExpense-15.21M
SpecialIncomeCharges0.00-15.21M0.00
ImpairmentOfCapitalAssets0.0015.21M0.00
NetNonOperatingInterestIncomeExpense4.50M6.28M8.14M1.23M
InterestExpenseNonOperating556.00K168.00K473.00K540.00K
InterestIncomeNonOperating4.50M6.84M8.31M1.70M
OperatingIncome-48.12M-46.51M-49.84M-71.81M
OperatingExpense165.55M153.94M152.99M172.84M
OtherTaxes0.00
ResearchAndDevelopment56.60M51.51M51.62M59.26M
SellingGeneralAndAdministration108.95M102.43M101.36M113.58M
SellingAndMarketingExpense60.04M61.38M68.13M72.84M
GeneralAndAdministrativeExpense48.91M41.05M33.23M40.74M
OtherGandA48.91M41.05M33.23M40.74M
GrossProfit117.42M107.43M103.14M101.03M
CostOfRevenue39.42M37.41M34.95M34.16M
TotalRevenue156.85M144.84M138.09M135.19M
OperatingRevenue156.85M144.84M138.09M135.19M
Line Item2023-12-31
TreasurySharesNumber0.00
OrdinarySharesNumber63.26M60.33M61.01M59.19M
ShareIssued63.26M60.33M61.01M59.19M
TotalDebt6.97M9.30M9.16M10.91M
TangibleBookValue122.00M141.22M179.76M216.78M
InvestedCapital128.11M147.51M200.34M223.64M
WorkingCapital112.57M131.24M169.22M208.77M
NetTangibleAssets122.00M141.22M179.76M216.78M
CapitalLeaseObligations6.97M9.30M9.16M10.91M
CommonStockEquity128.11M147.51M200.34M223.64M
TotalCapitalization128.11M147.51M200.34M223.64M
TotalEquityGrossMinorityInterest128.11M147.51M200.34M223.64M
StockholdersEquity128.11M147.51M200.34M223.64M
GainsLossesNotAffectingRetainedEarnings32.00K41.00K0.00
OtherEquityAdjustments32.00K41.00K
RetainedEarnings-341.80M-297.43M-240.38M-198.23M
AdditionalPaidInCapital469.56M444.60M440.41M421.57M
CapitalStock317.00K302.00K306.00K296.00K
CommonStock317.00K302.00K306.00K296.00K
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest45.53M32.81M31.21M32.69M
TotalNonCurrentLiabilitiesNetMinorityInterest5.10M7.11M8.09M9.92M
OtherNonCurrentLiabilities801.00K141.00K800.00K950.00K
PreferredSecuritiesOutsideStockEquity0.00
LongTermDebtAndCapitalLeaseObligation4.30M6.97M7.29M8.97M
LongTermCapitalLeaseObligation4.30M6.97M7.29M8.97M
CurrentLiabilities40.43M25.69M23.12M22.77M
CurrentDeferredLiabilities5.38M4.30M4.29M4.10M
CurrentDeferredRevenue5.38M4.30M4.29M4.10M
CurrentDebtAndCapitalLeaseObligation2.67M2.33M1.87M1.94M
CurrentCapitalLeaseObligation2.67M2.33M1.87M1.94M
PayablesAndAccruedExpenses32.38M19.07M16.97M16.73M
CurrentAccruedExpenses28.49M15.07M11.73M8.24M
Payables3.89M3.99M5.23M8.48M
AccountsPayable3.89M3.99M5.23M8.48M
TotalAssets173.64M180.32M231.55M256.32M
TotalNonCurrentAssets20.64M23.38M39.21M24.78M
OtherNonCurrentAssets837.00K820.00K823.00K591.00K
GoodwillAndOtherIntangibleAssets6.10M6.30M20.58M6.86M
OtherIntangibleAssets206.00K400.00K14.68M962.00K
Goodwill5.90M5.90M5.90M5.90M
NetPPE13.70M16.27M17.81M17.33M
AccumulatedDepreciation-16.70M-13.08M-9.31M-5.94M
GrossPPE30.40M29.34M27.12M23.27M
Leases1.14M1.10M1.03M467.00K
OtherProperties6.12M8.39M8.14M9.82M
MachineryFurnitureEquipment23.14M19.85M17.95M12.98M
Properties0.000.000.000.00
CurrentAssets152.99M156.94M192.34M231.54M
OtherCurrentAssets4.74M4.69M5.79M5.58M
Receivables33.66M23.12M26.99M22.72M
OtherReceivables8.04M
AccountsReceivable25.62M23.12M26.99M22.72M
CashCashEquivalentsAndShortTermInvestments114.60M129.13M159.55M203.24M
OtherShortTermInvestments94.94M76.36M0.00
CashAndCashEquivalents19.66M52.77M159.55M203.24M
Line Item2025-12-312024-12-312023-12-312022-12-31
FreeCashFlow-17.99M-11.53M-44.39M-50.39M
RepurchaseOfCapitalStock-105.00K-20.18M-89.00K-548.00K
RepaymentOfDebt-42.00K-41.00K-40.00K-42.00K
IssuanceOfDebt0.00
IssuanceOfCapitalStock219.81M
CapitalExpenditure-3.05M-2.78M-18.86M-4.38M
InterestPaidSupplementalData0.00105.00K
IncomeTaxPaidSupplementalData1.22M896.00K766.00K397.00K
EndCashPosition19.66M52.77M159.55M203.24M
BeginningCashPosition52.77M159.55M203.24M255.48M
ChangesInCash-33.12M-106.78M-43.69M-52.23M
FinancingCashFlow16.00K-20.00M1.87M3.47M
CashFlowFromContinuingFinancingActivities16.00K-20.00M1.87M3.47M
NetOtherFinancingCharges-296.00K-456.00K
ProceedsFromStockOptionExercised459.00K680.00K2.00M4.06M
NetPreferredStockIssuance0.00
PreferredStockIssuance0.00
NetCommonStockIssuance-105.00K-20.18M-89.00K-548.00K
CommonStockPayments-105.00K-20.18M-89.00K-548.00K
CommonStockIssuance219.81M
NetIssuancePaymentsOfDebt-42.00K-41.00K-40.00K-42.00K
NetLongTermDebtIssuance-42.00K-41.00K-40.00K-42.00K
LongTermDebtPayments-42.00K-41.00K-40.00K-42.00K
LongTermDebtIssuance0.00
InvestingCashFlow-18.20M-78.03M-20.04M-9.69M
CashFlowFromContinuingInvestingActivities-18.20M-78.03M-20.04M-9.69M
NetInvestmentPurchaseAndSale-15.15M-75.26M0.00
SaleOfInvestment190.94M12.68M0.00
PurchaseOfInvestment-206.09M-87.94M0.00
NetBusinessPurchaseAndSale0.00-1.18M-5.31M0.00
PurchaseOfBusiness0.00-1.18M-5.31M0.00
NetIntangiblesPurchaseAndSale0.00-14.00M0.00
PurchaseOfIntangibles0.00-14.00M0.00
NetPPEPurchaseAndSale-3.04M-2.78M-4.86M-4.38M
SaleOfPPE8.00K4.00K4.00K0.00
PurchaseOfPPE-3.05M-2.78M-4.86M-4.38M
OperatingCashFlow-14.94M-8.75M-25.53M-46.01M
CashFlowFromContinuingOperatingActivities-14.94M-8.75M-25.53M-46.01M
ChangeInWorkingCapital798.00K2.45M-8.35M-4.37M
ChangeInOtherWorkingCapital1.09M11.00K185.00K1.62M
ChangeInOtherCurrentLiabilities-1.70M-2.06M-1.43M-480.00K
ChangeInOtherCurrentAssets-36.00K-7.00K-226.00K-237.00K
ChangeInPayablesAndAccruedExpense13.92M1.64M135.00K-1.01M
ChangeInAccruedExpense13.79M2.48M4.23M-4.20M
ChangeInPayable137.00K-849.00K-4.09M3.19M
ChangeInAccountPayable137.00K-849.00K-4.09M3.19M
ChangeInPrepaidAssets-43.00K1.10M-310.00K-989.00K
ChangeInReceivables-12.43M1.76M-6.71M-3.27M
ChangesInAccountReceivables-4.39M1.76M-6.71M-3.27M
OtherNonCashItems2.07M2.12M2.18M3.12M
StockBasedCompensation24.46M22.27M16.16M21.74M
ProvisionandWriteOffofAssets1.89M2.11M2.43M1.29M
AssetImpairmentCharge0.0015.21M0.00
AmortizationOfSecurities-3.44M-1.06M0.00
DepreciationAmortizationDepletion3.66M3.93M4.16M2.97M
DepreciationAndAmortization3.66M3.93M4.16M2.97M
OperatingGainsLosses-4.00K41.00K-1.00K-1.00K
GainLossOnSaleOfPPE0.00-4.00K41.00K-1.00K
NetIncomeFromContinuingOperations-44.37M-55.77M-42.15M-70.77M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for LAW
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status