Symbols / LAW Stock $3.80 +2.15% CS Disco, Inc.

Technology • Software - Application • United States • NYQ
LAW (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Technology
Industry Software - Application
CEO Mr. Eric Friedrichsen
Exch · Country NYQ · United States
Market Cap 243.71M
Enterprise Value 141.86M
Income -42.60M
Sales 162.08M
FCF (ttm) 3.39M
Book/sh 1.93
Cash/sh 1.61
Employees 577
Insider 10d —
IPO Jul 21, 2021
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E —
Forward P/E -142.48
PEG —
P/S 1.50
P/B 1.97
P/C —
EV/EBITDA -4.07
EV/Sales 0.88
Quick Ratio 4.06
Current Ratio 4.19
Debt/Eq 5.10
LT Debt/Eq —
EPS (ttm) -0.68
EPS next Y -0.03
EPS Growth —
Revenue Growth 14.30%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-08-05
Earnings (prior) 2026-05-06
ROA -13.79%
ROE -32.01%
ROIC —
Gross Margin 74.88%
Oper. Margin -24.10%
Profit Margin -26.28%
Shs Outstand 64.13M
Shs Float 26.32M
Insider Own 23.07%
Instit Own 78.11%
Short Float 5.24%
Short Ratio 6.42
Short Interest 1.53M
52W High 9.11
vs 52W High -58.29%
52W Low 2.45
vs 52W Low 55.10%
Beta 1.96
Impl. Vol. 85.16%
Rel Volume 0.25
Avg Volume 442.07K
Volume 112.47K
Target (mean) $6.67
Tgt Median $6.00
Tgt Low $4.00
Tgt High $10.00
# Analysts 3
Recom Buy
Prev Close $3.72
Price $3.80
Change 2.15%
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.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$6.67
Mean price target
2. Current target
$3.82
Latest analyst target
3. DCF / Fair value
$0.95
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$3.82
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
News
RSS: Latest LAW news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-05-18 HERCKIS KAREN Officer — 8,562 $3.61 $30,909
2026-05-18 ANTOON MELANIE Officer — 8,590 $3.61 $31,010
2026-05-18 CRUM RICHARD FRANCIS Chief Technology Officer — 7,492 $3.61 $27,046
2026-05-18 GARCIA SUSAN General Counsel — 6,972 $3.61 $25,169
2026-05-08 FRIEDRICHSEN ERIC Chief Executive Officer — 9,000 $3.97 $35,730
2026-04-22 WILLIAMS TOBY J. Director — 67,720 $0.00 $0
2026-03-03 HILL SCOTT A Director — 50,000 $3.31 $169,246
2026-03-02 HERCKIS KAREN Officer — 3,978 $3.24 $12,889
2026-03-02 ANTOON MELANIE Officer — 4,882 $3.24 $15,818
2026-03-02 CRUM RICHARD FRANCIS Officer — 6,262 $3.24 $20,289
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
156.85
+8.29%
144.84
+4.89%
138.09
+2.15%
135.19
Operating Revenue
156.85
+8.29%
144.84
+4.89%
138.09
+2.15%
135.19
Cost Of Revenue
39.42
+5.37%
37.41
+7.06%
34.95
+2.30%
34.16
Reconciled Cost Of Revenue
39.42
+5.37%
37.41
+7.06%
34.95
+2.30%
34.16
Gross Profit
117.42
+9.31%
107.43
+4.15%
103.14
+2.09%
101.03
Operating Expense
165.55
+7.54%
153.94
+0.62%
152.99
-11.48%
172.84
Research And Development
56.60
+9.87%
51.51
-0.22%
51.62
-12.88%
59.26
Selling General And Administration
108.95
+6.37%
102.43
+1.05%
101.36
-10.75%
113.58
Selling And Marketing Expense
60.04
-2.18%
61.38
-9.91%
68.13
-6.46%
72.84
General And Administrative Expense
48.91
+19.15%
41.05
+23.52%
33.23
-18.43%
40.74
Other Gand A
48.91
+19.15%
41.05
+23.52%
33.23
-18.43%
40.74
Total Expenses
204.97
+7.12%
191.35
+1.82%
187.94
-9.21%
207.00
Operating Income
-48.12
-3.47%
-46.51
+6.69%
-49.84
+30.59%
-71.81
Total Operating Income As Reported
-48.12
+22.03%
-61.72
-23.83%
-49.84
+30.59%
-71.81
EBITDA
-44.47
-4.42%
-42.58
-13.92%
-37.38
+44.32%
-67.13
Normalized EBITDA
-44.47
-62.46%
-27.37
+26.78%
-37.38
+44.32%
-67.13
Reconciled Depreciation
3.66
-6.83%
3.93
-5.60%
4.16
+39.85%
2.97
EBIT
-48.12
-3.47%
-46.51
-11.97%
-41.54
+40.75%
-70.11
Total Unusual Items
0.00
+100.00%
-15.21
0.00
—
Total Unusual Items Excluding Goodwill
0.00
+100.00%
-15.21
0.00
—
Special Income Charges
0.00
+100.00%
-15.21
0.00
—
Impairment Of Capital Assets
0.00
-100.00%
15.21
0.00
—
Net Income
-44.37
+20.44%
-55.77
-32.32%
-42.15
+40.44%
-70.77
Pretax Income
-43.63
+21.31%
-55.44
-32.93%
-41.71
+40.91%
-70.58
Net Non Operating Interest Income Expense
4.50
-28.43%
6.28
-22.82%
8.14
+562.16%
1.23
Interest Expense Non Operating
—
0.56
+230.95%
0.17
-64.48%
0.47
Net Interest Income
4.50
-28.43%
6.28
-22.82%
8.14
+562.16%
1.23
Interest Expense
—
0.56
+230.95%
0.17
-64.48%
0.47
Interest Income Non Operating
4.50
-28.43%
6.28
-24.38%
8.31
+388.01%
1.70
Interest Income
4.50
-28.43%
6.28
-24.38%
8.31
+388.01%
1.70
Other Income Expense
—
-15.21
—
—
Tax Provision
0.74
+123.80%
0.33
-25.06%
0.44
+138.17%
0.19
Tax Rate For Calcs
0.00
+0.00%
0.00
+0.00%
0.00
+0.00%
0.00
Tax Effect Of Unusual Items
0.00
+100.00%
-3.19
0.00
0.00
Net Income Including Noncontrolling Interests
-44.37
+20.44%
-55.77
-32.32%
-42.15
+40.44%
-70.77
Net Income From Continuing Operation Net Minority Interest
-44.37
+20.44%
-55.77
-32.32%
-42.15
+40.44%
-70.77
Net Income From Continuing And Discontinued Operation
-44.37
+20.44%
-55.77
-32.32%
-42.15
+40.44%
-70.77
Net Income Continuous Operations
-44.37
+20.44%
-55.77
-32.32%
-42.15
+40.44%
-70.77
Normalized Income
-44.37
-1.41%
-43.76
-3.81%
-42.15
+40.44%
-70.77
Net Income Common Stockholders
-44.37
+20.44%
-55.77
-32.32%
-42.15
+40.44%
-70.77
Otherunder Preferred Stock Dividend
—
—
—
0.00
Diluted EPS
—
-0.93
-32.86%
-0.70
+41.67%
-1.20
Basic EPS
—
-0.93
-32.86%
-0.70
+41.67%
-1.20
Basic Average Shares
—
60.21
+0.12%
60.14
+2.36%
58.75
Diluted Average Shares
—
60.21
+0.12%
60.14
+2.36%
58.75
Diluted NI Availto Com Stockholders
-44.37
+20.44%
-55.77
-32.32%
-42.15
+40.44%
-70.77
Other Taxes
—
—
—
—
Line Item Trend 2023-12-31
Total Assets
231.55
Current Assets
192.34
Cash Cash Equivalents And Short Term Investments
159.55
Cash And Cash Equivalents
159.55
Other Short Term Investments
0.00
Receivables
26.99
Accounts Receivable
26.99
Other Receivables
—
Other Current Assets
5.79
Total Non Current Assets
39.21
Net PPE
17.81
Gross PPE
27.12
Accumulated Depreciation
-9.31
Properties
0.00
Machinery Furniture Equipment
17.95
Other Properties
8.14
Leases
1.03
Goodwill And Other Intangible Assets
20.58
Goodwill
5.90
Other Intangible Assets
14.68
Other Non Current Assets
0.82
Total Liabilities Net Minority Interest
31.21
Current Liabilities
23.12
Payables And Accrued Expenses
16.97
Payables
5.23
Accounts Payable
5.23
Current Accrued Expenses
11.73
Current Debt And Capital Lease Obligation
1.87
Current Capital Lease Obligation
1.87
Current Deferred Liabilities
4.29
Current Deferred Revenue
4.29
Total Non Current Liabilities Net Minority Interest
8.09
Long Term Debt And Capital Lease Obligation
7.29
Long Term Capital Lease Obligation
7.29
Other Non Current Liabilities
0.80
Preferred Securities Outside Stock Equity
—
Stockholders Equity
200.34
Common Stock Equity
200.34
Capital Stock
0.31
Common Stock
0.31
Preferred Stock
0.00
Share Issued
61.01
Ordinary Shares Number
61.01
Treasury Shares Number
0.00
Additional Paid In Capital
440.41
Retained Earnings
-240.38
Gains Losses Not Affecting Retained Earnings
0.00
Other Equity Adjustments
—
Total Equity Gross Minority Interest
200.34
Total Capitalization
200.34
Working Capital
169.22
Invested Capital
200.34
Total Debt
9.16
Capital Lease Obligations
9.16
Net Tangible Assets
179.76
Tangible Book Value
179.76
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
-14.94
-70.72%
-8.75
+65.73%
-25.53
+44.51%
-46.01
Cash Flow From Continuing Operating Activities
-14.94
-70.72%
-8.75
+65.73%
-25.53
+44.51%
-46.01
Net Income From Continuing Operations
-44.37
+20.44%
-55.77
-32.32%
-42.15
+40.44%
-70.77
Depreciation Amortization Depletion
3.66
-6.83%
3.93
-5.60%
4.16
+39.85%
2.97
Depreciation And Amortization
3.66
-6.83%
3.93
-5.60%
4.16
+39.85%
2.97
Other Non Cash Items
2.07
-2.03%
2.12
-2.98%
2.18
-30.07%
3.12
Stock Based Compensation
24.46
+9.86%
22.27
+37.82%
16.16
-25.67%
21.74
Provisionand Write Offof Assets
1.89
-10.65%
2.11
-13.16%
2.43
+87.94%
1.29
Asset Impairment Charge
0.00
-100.00%
15.21
0.00
—
Operating Gains Losses
—
-0.00
-109.76%
0.04
+4200.00%
-0.00
Gain Loss On Sale Of PPE
0.00
+100.00%
-0.00
-109.76%
0.04
+4200.00%
-0.00
Change In Working Capital
0.80
-67.43%
2.45
+129.33%
-8.35
-91.03%
-4.37
Change In Receivables
-12.43
-804.71%
1.76
+126.31%
-6.71
-104.80%
-3.27
Changes In Account Receivables
-4.39
-348.98%
1.76
+126.31%
-6.71
-104.80%
-3.27
Change In Prepaid Assets
-0.04
-103.90%
1.10
+455.81%
-0.31
+68.66%
-0.99
Change In Payables And Accrued Expense
13.92
+750.98%
1.64
+1111.85%
0.14
+113.33%
-1.01
Change In Accrued Expense
13.79
+454.73%
2.48
-41.20%
4.23
+200.64%
-4.20
Change In Payable
0.14
+116.14%
-0.85
+79.25%
-4.09
-228.41%
3.19
Change In Account Payable
0.14
+116.14%
-0.85
+79.25%
-4.09
-228.41%
3.19
Change In Other Working Capital
1.09
+9772.73%
0.01
-94.05%
0.18
-88.59%
1.62
Change In Other Current Assets
-0.04
-414.29%
-0.01
+96.90%
-0.23
+4.64%
-0.24
Change In Other Current Liabilities
-1.70
+17.36%
-2.06
-43.75%
-1.43
-198.13%
-0.48
Investing Cash Flow
-18.20
+76.68%
-78.03
-289.49%
-20.04
-106.80%
-9.69
Cash Flow From Continuing Investing Activities
-18.20
+76.68%
-78.03
-289.49%
-20.04
-106.80%
-9.69
Net PPE Purchase And Sale
-3.04
-9.65%
-2.78
+42.80%
-4.86
-10.90%
-4.38
Purchase Of PPE
-3.05
-9.78%
-2.78
+42.77%
-4.86
-10.99%
-4.38
Sale Of PPE
0.01
+100.00%
0.00
+0.00%
0.00
0.00
Capital Expenditure
-3.05
-9.78%
-2.78
+85.25%
-18.86
-330.77%
-4.38
Net Investment Purchase And Sale
-15.15
+79.87%
-75.26
0.00
—
Purchase Of Investment
-206.09
-134.37%
-87.94
0.00
—
Sale Of Investment
190.94
+1405.99%
12.68
0.00
—
Net Business Purchase And Sale
—
0.00
+100.00%
-1.18
+77.78%
-5.31
Purchase Of Business
—
0.00
+100.00%
-1.18
+77.78%
-5.31
Net Intangibles Purchase And Sale
—
0.00
+100.00%
-14.00
0.00
Purchase Of Intangibles
—
0.00
+100.00%
-14.00
0.00
Financing Cash Flow
0.02
+100.08%
-20.00
-1167.59%
1.87
-46.01%
3.47
Cash Flow From Continuing Financing Activities
0.02
+100.08%
-20.00
-1167.59%
1.87
-46.01%
3.47
Net Issuance Payments Of Debt
-0.04
-2.44%
-0.04
-2.50%
-0.04
+4.76%
-0.04
Issuance Of Debt
—
—
—
—
Repayment Of Debt
-0.04
-2.44%
-0.04
-2.50%
-0.04
+4.76%
-0.04
Long Term Debt Issuance
—
—
—
—
Long Term Debt Payments
-0.04
-2.44%
-0.04
-2.50%
-0.04
+4.76%
-0.04
Net Long Term Debt Issuance
-0.04
-2.44%
-0.04
-2.50%
-0.04
+4.76%
-0.04
Net Common Stock Issuance
-0.10
+99.48%
-20.18
-22573.03%
-0.09
+83.76%
-0.55
Common Stock Payments
-0.10
+99.48%
-20.18
-22573.03%
-0.09
+83.76%
-0.55
Repurchase Of Capital Stock
-0.10
+99.48%
-20.18
-22573.03%
-0.09
+83.76%
-0.55
Proceeds From Stock Option Exercised
0.46
-32.50%
0.68
-66.03%
2.00
-50.68%
4.06
Net Other Financing Charges
-0.30
+35.09%
-0.46
—
—
Changes In Cash
-33.12
+68.99%
-106.78
-144.39%
-43.69
+16.35%
-52.23
Beginning Cash Position
52.77
-66.93%
159.55
-21.50%
203.24
-20.45%
255.48
End Cash Position
19.66
-62.75%
52.77
-66.93%
159.55
-21.50%
203.24
Free Cash Flow
-17.99
-56.02%
-11.53
+74.03%
-44.39
+11.91%
-50.39
Interest Paid Supplemental Data
—
—
—
0.00
Income Tax Paid Supplemental Data
1.22
+36.50%
0.90
+16.97%
0.77
+92.95%
0.40
Amortization Of Securities
-3.44
-225.83%
-1.06
0.00
—
Common Stock Issuance
—
—
—
—
Issuance Of Capital Stock
—
—
—
—
Net Preferred Stock Issuance
—
—
—
—
Preferred Stock Issuance
—
—
—
—
SEC Filings

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

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