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CS Disco, Inc.
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Last updated Oct 16, 2026.
Overview
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Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
74.9%Gross margin3
-30.7%Operating margin3
-28.3%Net margin3
8.3%Revenue growth, 20253
-34.6%Return on equity3
-$18.0MFree cash flow3
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Software brought in 85% of the revenue CS Disco, Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Software | $120.1M | $134.0M |
| Service | $24.7M | $22.8M |
Regions
United States brought in 92% of the revenue CS Disco, Inc. broke down this way in fiscal 2025.
Regions by year
| Regions | 2024 | 2025 |
|---|---|---|
| United States | $132.7M | $143.7M |
| Outside the United States | $12.2M | $13.2M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue25¢$39.4M
- Research and development36¢$56.6M
- Other costs38¢$60.1M
- Income tax0¢$743.0K
Out of $156.8M in revenue.3 The company lost money this year.
Financial statements
Every line of the income statement in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Revenue | $156.8M | $144.8M |
| Cost of revenue | $39.4M | $37.4M |
| Gross profit | $117.4M | $107.4M |
| Research and development | $56.6M | $51.5M |
| Sales and marketing | $60.0M | $61.4M |
| General and administrative | $48.9M | $41.0M |
| Impairment of intangible asset and capitalized development | $0 | $15.2M |
| Total operating expenses | $165.5M | $169.2M |
| Loss from operations | -$48.1M | -$61.7M |
| Interest and other income, net | $4.5M | $6.3M |
| Loss from operations before income taxes | -$43.6M | -$55.4M |
| Income tax provision | -$743.0K | -$332.0K |
| Net loss attributable to common stockholders | -$44.4M | -$55.8M |
| Unrealized gain on investments | -$9.0K | $41.0K |
| Comprehensive loss | -$44.4M | -$55.7M |
| Net loss per share attributable to common stockholders, basic (in dollars per share) | -$0.72 | -$0.93 |
| Net loss per share attributable to common stockholders, diluted (in dollars per share) | -$0.72 | -$0.93 |
| Weighted-average shares used in computing net loss per share attributable to common shareholders, basic (in shares) | 61.7M shares | 60.2M shares |
| Weighted-average shares used in computing net loss per share attributable to common shareholders, diluted (in shares) | 61.7M shares | 60.2M shares |
Every line of the balance sheet in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $19.7M | $52.8M | |
| Short-term investments | $94.9M | $76.4M | |
| Accounts receivable, net | $25.6M | $23.1M | |
| Insurance recovery receivable related to legal loss (Note 8) | $8.0M | $0 | |
| Prepaid expenses and other current assets | $4.7M | $4.7M | |
| Total current assets | $153.0M | $156.9M | |
| Property and equipment, net | $7.6M | $7.9M | |
| Operating lease right-of-use assets | $6.1M | $8.4M | |
| Other intangible assets, net | $206.0K | $400.0K | |
| Goodwill | $5.9M | $5.9M | |
| Other assets | $837.0K | $820.0K | |
| Total assets | $173.6M | $180.3M | |
| Accounts payable | $3.9M | $4.0M | |
| Accrued expenses | $6.5M | $5.9M | |
| Accrued legal loss (Note 8) | $11.5M | $0 | |
| Accrued salary and benefits | $10.5M | $9.1M | |
| Deferred revenue | $5.4M | $4.3M | |
| Operating leases | $2.6M | $2.3M | |
| Finance leases | $44.0K | $42.0K | |
| Total current liabilities | $40.4M | $25.7M | |
| Operating leases, non-current | $4.2M | $6.9M | |
| Finance leases, non-current | $72.0K | $116.0K | |
| Other liabilities | $801.0K | $141.0K | |
| Total liabilities | $45.5M | $32.8M | |
| Preferred stock $0.005 par value, 100,000 shares authorized and no shares issued and outstanding as of December 31, 2025 and 2024 | $0 | $0 | |
| Common stock $0.005 par value, 1,000,000 shares authorized as of December 31, 2025 and 2024; 63,264 and 60,329 shares issued and outstanding as of December 31, 2025 and 2024, respectively | $317.0K | $302.0K | |
| Additional paid-in capital | $469.6M | $444.6M | |
| Accumulated other comprehensive income | $32.0K | $41.0K | |
| Accumulated deficit | -$341.8M | -$297.4M | |
| Total stockholders equity | $128.1M | $147.5M | $200.3M |
| Total liabilities and stockholders equity | $173.6M | $180.3M | |
| Preferred stock, par value (in usd per share) | $0.01 | $0.01 | |
| Preferred stock, authorized (in shares) | 100.0M shares | 100.0M shares | |
| Preferred stock, issued (in shares) | 0 shares | 0 shares | |
| Preferred stock, outstanding (in shares) | 0 shares | 0 shares | |
| Common stock, par value (in usd per share) | $0.01 | $0.01 | |
| Common stock, authorized (in shares) | 1.0B shares | 1.0B shares | |
| Common stock, issued (in shares) | 63.3M shares | 60.3M shares | |
| Common stock, outstanding (in shares) | 63.3M shares | 60.3M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$44.4M | -$55.8M |
| Depreciation and amortization | $3.7M | $3.9M |
| Stock-based compensation | $24.5M | $22.3M |
| Charge to allowance for credit losses | $1.9M | $2.1M |
| Gain on disposal of long-lived assets | $0 | -$4.0K |
| Remeasurement of contingent consideration | $0 | $303.0K |
| Non-cash operating lease costs | $2.3M | $1.8M |
| Amortization of premium on short-term investments | -$3.4M | -$1.1M |
| Impairment of intangible asset and capitalized development | $0 | $15.2M |
| Other | -$193.0K | $0 |
| Accounts receivable | -$4.4M | $1.8M |
| Insurance recovery receivable related to legal loss | -$8.0M | $0 |
| Prepaid expenses and other current assets | -$43.0K | $1.1M |
| Other long-term assets | -$36.0K | -$7.0K |
| Accounts payable | $137.0K | -$849.0K |
| Accrued expenses and other | $2.3M | $2.5M |
| Accrued legal loss | $11.5M | $0 |
| Deferred revenue | $1.1M | $11.0K |
| Operating lease liabilities | -$2.3M | -$1.9M |
| Other liabilities | $588.0K | -$179.0K |
| Net cash used in operating activities | -$14.9M | -$8.7M |
| Purchases of property, equipment and capitalized software development costs | -$3.1M | -$2.8M |
| Purchases of short-term investments | -$206.1M | -$87.9M |
| Maturities of short-term investments | $190.9M | $12.7M |
| Proceeds from disposal of equipment | $8.0K | $4.0K |
| Net cash used in investing activities | -$18.2M | -$78.0M |
| Proceeds from exercise of stock options | $38.0K | $80.0K |
| Net proceeds from issuance of common stock under Employee Stock Purchase Plan | $421.0K | $600.0K |
| Repurchase of common stock related to net share settlement | -$105.0K | -$127.0K |
| Repurchase of common stock related to share repurchase program | $0 | -$20.1M |
| Cash paid for acquisitions | -$296.0K | -$456.0K |
| Principal payments on finance lease obligations | -$42.0K | -$41.0K |
| Net cash provided by (used in) financing activities | $16.0K | -$20.0M |
| Net decrease in cash and cash equivalents: | -$33.1M | -$106.8M |
| Cash paid for taxes | $1.2M | $896.0K |
| Property and equipment included in accounts payable and accrued liabilities | $8.0K | $66.0K |
Recent filings
- Aug 19, 20264
- Aug 19, 20264
- Aug 19, 20264
- Aug 19, 20264
- Aug 18, 20264
- Aug 17, 2026144
- Aug 17, 2026144
- Aug 17, 2026144
- Aug 17, 2026144
- Aug 11, 20264
- Aug 5, 20268-K
- Aug 5, 202610-Q
- Jul 23, 20268-K
- Jul 23, 20263
- Jul 23, 20264
Every filing from the last three years, summarized. The full record is on SEC EDGAR.1
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARCS Disco, Inc. filings on SEC EDGAR
- 2SEC EDGARCS Disco, Inc. filings on SEC EDGAR
- 3SEC EDGARCS Disco, Inc. 10-K for fiscal 2025
- 4SEC EDGARCS Disco, Inc. 10-K for fiscal 2020
- 5SEC EDGARCS Disco, Inc. 10-K for fiscal 2021
- 6SEC EDGARCS Disco, Inc. 10-K for fiscal 2022
- 7SEC EDGARCS Disco, Inc. 10-K for fiscal 2023
- 8SEC EDGARCS Disco, Inc. 10-Q for fiscal 2026
- 9SEC EDGARCS Disco, Inc. 10-Q for fiscal 2026