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CS Disco, Inc.

EDGAR
LAW Quarterly report (10-Q) · filed 2026-08-05

Annual consolidated revenue for 2025: about USD 156.8M, using the latest reported figures. The previous period, 2024, was about USD 144.8M.

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Watchlist

Latest quarter

Revenue

43.1 million USD

2026 Q2 · USD

Exact inputs and evidence

Operating margin

-21.36%

2026 Q2 · %

Exact inputs and evidence
  • Operating Income: -9216000 USD Source
  • Revenue: 43146000 USD Source

Operating cash flow

-1.07 million USD

2026 Q2 · USD

Exact inputs and evidence
  • Operating Cash Flow: -12757000 USD Source
  • Operating Cash Flow: -11684000 USD Source

Free cash flow

-2.23 million USD

2026 Q2 · USD

Exact inputs and evidence
  • Operating Cash Flow: -12757000 USD Source
  • Operating Cash Flow: -11684000 USD Source
  • Capital Expenditure: 1852000 USD Source
  • Capital Expenditure: 700000 USD Source
Cash and cash equivalents
10.9 million USD Source
Exact value

10887000 USD

Long-term debt including current maturities
Not available
Shares outstanding
64.9 million shares Source
Exact value

64857000 shares

Reported share-count change

5.13% · 3.17 million shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence
  • 61690000 shares · 2025-06-30· Source
  • 64857000 shares · 2026-06-30· Source

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

167 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Revenue: 40919000 USD · 2025-07-01 – 2025-09-30 Source
  • Revenue: 156849000 USD · 2025-01-01 – 2025-12-31 Source
  • Revenue: 115678000 USD · 2025-01-01 – 2025-09-30 Source
  • Revenue: 41882000 USD · 2026-01-01 – 2026-03-31 Source
  • Revenue: 43146000 USD · 2026-04-01 – 2026-06-30 Source

Net income

-40.4 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Net income: -13665000 USD · 2025-07-01 – 2025-09-30 Source
  • Net income: -44372000 USD · 2025-01-01 – 2025-12-31 Source
  • Net income: -35870000 USD · 2025-01-01 – 2025-09-30 Source
  • Net income: -9618000 USD · 2026-01-01 – 2026-03-31 Source
  • Net income: -8658000 USD · 2026-04-01 – 2026-06-30 Source

Operating cash flow

-13 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Operating cash flow: -15698000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: -14719000 USD · 2025-01-01 – 2025-06-30 Source
  • Operating cash flow: -14936000 USD · 2025-01-01 – 2025-12-31 Source
  • Operating cash flow: -15698000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: -11684000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: -12757000 USD · 2026-01-01 – 2026-06-30 Source
  • Operating cash flow: -11684000 USD · 2026-01-01 – 2026-03-31 Source

Capital expenditure

3.42 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Capital expenditure: 2546000 USD · 2025-01-01 – 2025-09-30 Source
  • Capital expenditure: 1490000 USD · 2025-01-01 – 2025-06-30 Source
  • Capital expenditure: 3053000 USD · 2025-01-01 – 2025-12-31 Source
  • Capital expenditure: 2546000 USD · 2025-01-01 – 2025-09-30 Source
  • Capital expenditure: 700000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 1852000 USD · 2026-01-01 – 2026-06-30 Source
  • Capital expenditure: 700000 USD · 2026-01-01 – 2026-03-31 Source

Free cash flow

-16.4 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Operating cash flow: -15698000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: -14719000 USD · 2025-01-01 – 2025-06-30 Source
  • Operating cash flow: -14936000 USD · 2025-01-01 – 2025-12-31 Source
  • Operating cash flow: -15698000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: -11684000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: -12757000 USD · 2026-01-01 – 2026-06-30 Source
  • Operating cash flow: -11684000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 2546000 USD · 2025-01-01 – 2025-09-30 Source
  • Capital expenditure: 1490000 USD · 2025-01-01 – 2025-06-30 Source
  • Capital expenditure: 3053000 USD · 2025-01-01 – 2025-12-31 Source
  • Capital expenditure: 2546000 USD · 2025-01-01 – 2025-09-30 Source
  • Capital expenditure: 700000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 1852000 USD · 2026-01-01 – 2026-06-30 Source
  • Capital expenditure: 700000 USD · 2026-01-01 – 2026-03-31 Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-08-05.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 6 of 11 periods available· newest 2025-12-31
  • Operating income: 6 of 11 periods available· newest 2025-12-31
  • Net income: 6 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 6 of 11 periods available· newest 2025-12-31
  • Capital expenditure: 6 of 11 periods available· newest 2025-12-31
  • Total assets: 6 of 11 periods available· newest 2025-12-31
  • Total liabilities: 6 of 11 periods available· newest 2025-12-31
  • Current assets: 6 of 11 periods available· newest 2025-12-31
  • Current liabilities: 6 of 11 periods available· newest 2025-12-31
  • Cash and cash equivalents: 6 of 11 periods available· newest 2025-12-31
  • long term debt: No compatible figures in this window
  • Shares outstanding: 6 of 11 periods available· newest 2025-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +8.3%

    Prior period

    USD 144.84 million

    –

    Current period

    USD 156.85 million

    –

    Exact inputs and evidence

    156849000 − 144841000 = 12008000 USD

    144841000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    156849000 USD · 2025-01-01 – 2025-12-31

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  • Net income

    +USD 11.4 million

    Prior period

    −USD 55.77 million

    –

    Current period

    −USD 44.37 million

    –

    Exact inputs and evidence

    -44372000 − -55774000 = 11402000 USD

    -55774000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    -44372000 USD · 2025-01-01 – 2025-12-31

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  • Operating cash flow

    −USD 6.19 million

    Prior period

    −USD 8.75 million

    –

    Current period

    −USD 14.94 million

    –

    Exact inputs and evidence

    -14936000 − -8749000 = -6187000 USD

    -8749000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    -14936000 USD · 2025-01-01 – 2025-12-31

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  • Capital expenditure

    +9.8%

    Prior period

    USD 2.78 million

    –

    Current period

    USD 3.05 million

    –

    Exact inputs and evidence

    3053000 − 2781000 = 272000 USD

    2781000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    3053000 USD · 2025-01-01 – 2025-12-31

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Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue USD 156.85 million 100% of revenue
  • Cost of revenue USD 39.43 million 25% of revenue
  • Operating expenses USD 165.55 million 106% of revenue
  • Operating income −USD 48.12 million −31% of revenue
  • Tax, interest and other Derived −USD 3.75 million −2.4% of revenue
  • Net income −USD 44.37 million −28% of revenue

Cash

  • Operating cash flow −USD 14.94 million −9.5% of revenue
  • Capital expenditure USD 3.05 million 1.9% of revenue
  • Free cash flow Derived −USD 17.99 million −11% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2020 Operating loss: operating costs were 133% of revenue.
  • 2021 Operating loss: operating costs were 121% of revenue.
  • 2022 Operating loss: operating costs were 153% of revenue.
  • 2023 Operating loss: operating costs were 136% of revenue.
  • 2024 Operating loss: operating costs were 143% of revenue.
  • 2025 Operating loss: operating costs were 131% of revenue.
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2020 2020-01-01 – 2020-12-3168444000 90945000 Derived -22501000 372000 Derived -22873000 -24616000 Derived
Source
2021 2021-01-01 – 2021-12-31114342000 138171000 Derived -23829000 515000 Derived -24344000 -24749000 Derived
Source
2022 2022-01-01 – 2022-12-31135190000 206998000 Derived -71808000 -1043000 Derived -70765000 -50392000 Derived
Source
2023 2023-01-01 – 2023-12-31138090000 187935000 Derived -49845000 -7695000 Derived -42150000 -30390000 Derived
Source
2024 2024-01-01 – 2024-12-31144841000 206564000 Derived -61723000 -5949000 Derived -55774000 -11530000 Derived
Source
2025 2025-01-01 – 2025-12-31156849000 204973000 Derived -48124000 -3752000 Derived -44372000 -17989000 Derived
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 156.8M 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.169.4M127.0M84.7M42.3M0.0202020232025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2020Revenue68444000
2021Revenue114342000
2022Revenue135190000
2023Revenue138090000
2024Revenue144841000
2025Revenue156849000

Revenue growth

Change in revenue from the same financial period one year earlier.

8.3% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.72%54%36%18%0%202020232025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2020Year over yearNo prior comparable period
2021Year over year67.1%
2022Year over year18.2%
2023Year over year2.1%
2024Year over year4.9%
2025Year over year8.3%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin -30.7% 2025
Net margin -28.3% 2025
Free cash flow margin -11.5% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.4%-11%-27%-42%-57%202020232025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2020Operating margin-32.9%
2021Operating margin-20.8%
2022Operating margin-53.1%
2023Operating margin-36.1%
2024Operating margin-42.6%
2025Operating margin-30.7%
2020Net margin-33.4%
2021Net margin-21.3%
2022Net margin-52.3%
2023Net margin-30.5%
2024Net margin-38.5%
2025Net margin-28.3%
2020Free cash flow margin-36%
2021Free cash flow margin-21.6%
2022Free cash flow margin-37.3%
2023Free cash flow margin-22%
2024Free cash flow margin-8%
2025Free cash flow margin-11.5%

Operating cash flow

Cash generated by the company’s normal business operations.

USD -14.9M 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.3.7M-9.7M-23.0M-36.4M-49.7M202020232025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2020Operating cash flow-22712000
2021Operating cash flow-21642000
2022Operating cash flow-46014000
2023Operating cash flow-25531000
2024Operating cash flow-8749000
2025Operating cash flow-14936000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD -18M 2025
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.4.0M-10.6M-25.2M-39.8M-54.4M202020232025
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2020Free cash flow-24616000
2021Free cash flow-24749000
2022Free cash flow-50392000
2023Free cash flow-30390000
2024Free cash flow-11530000
2025Free cash flow-17989000

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

26.2% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.28.3%21.2%14.2%7.1%0.0%202020232025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2020Liabilities / assets16.7%
2021Liabilities / assets6.5%
2022Liabilities / assets12.8%
2023Liabilities / assets13.5%
2024Liabilities / assets18.2%
2025Liabilities / assets26.2%

Current assets to current liabilities

Current assets divided by current liabilities.

3.78× 2025
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.16.26×12.20×8.13×4.07×0.00×202020232025
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2020Current assets / current liabilities5.95×
2021Current assets / current liabilities15.06×
2022Current assets / current liabilities10.17×
2023Current assets / current liabilities8.32×
2024Current assets / current liabilities6.11×
2025Current assets / current liabilities3.78×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2020 2020-01-01 – 2020-12-31
−USD 22.87 million
Exact value

Exact value: -22873000 USD

2020-01-01 – 2020-12-31: -22873000 USD Inspect Net Income Open source
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−USD 22.71 million
Exact value

Exact value: -22712000 USD

2020-01-01 – 2020-12-31: -22712000 USD Inspect Operating Cash Flow Open source
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USD 1.9 million
Exact value

Exact value: 1904000 USD

2020-01-01 – 2020-12-31: 1904000 USD Inspect Capital Expenditure Open source
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−USD 24.62 million
Calculation and evidence

-22712000 − 1904000 USD

Exact free cash flow: -24616000 USD

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2021 2021-01-01 – 2021-12-31
−USD 24.34 million
Exact value

Exact value: -24344000 USD

2021-01-01 – 2021-12-31: -24344000 USD Inspect Net Income Open source
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−USD 21.64 million
Exact value

Exact value: -21642000 USD

2021-01-01 – 2021-12-31: -21642000 USD Inspect Operating Cash Flow Open source
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USD 3.11 million
Exact value

Exact value: 3107000 USD

2021-01-01 – 2021-12-31: 3107000 USD Inspect Capital Expenditure Open source
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−USD 24.75 million
Calculation and evidence

-21642000 − 3107000 USD

Exact free cash flow: -24749000 USD

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2022 2022-01-01 – 2022-12-31
−USD 70.77 million
Exact value

Exact value: -70765000 USD

2022-01-01 – 2022-12-31: -70765000 USD Inspect Net Income Open source
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−USD 46.01 million
Exact value

Exact value: -46014000 USD

2022-01-01 – 2022-12-31: -46014000 USD Inspect Operating Cash Flow Open source
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USD 4.38 million
Exact value

Exact value: 4378000 USD

2022-01-01 – 2022-12-31: 4378000 USD Inspect Capital Expenditure Open source
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−USD 50.39 million
Calculation and evidence

-46014000 − 4378000 USD

Exact free cash flow: -50392000 USD

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2023 2023-01-01 – 2023-12-31
−USD 42.15 million
Exact value

Exact value: -42150000 USD

2023-01-01 – 2023-12-31: -42150000 USD Inspect Net Income Open source
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−USD 25.53 million
Exact value

Exact value: -25531000 USD

2023-01-01 – 2023-12-31: -25531000 USD Inspect Operating Cash Flow Open source
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USD 4.86 million
Exact value

Exact value: 4859000 USD

2023-01-01 – 2023-12-31: 4859000 USD Inspect Capital Expenditure Open source
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−USD 30.39 million
Calculation and evidence

-25531000 − 4859000 USD

Exact free cash flow: -30390000 USD

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2024 2024-01-01 – 2024-12-31
−USD 55.77 million
Exact value

Exact value: -55774000 USD

2024-01-01 – 2024-12-31: -55774000 USD Inspect Net Income Open source
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−USD 8.75 million
Exact value

Exact value: -8749000 USD

2024-01-01 – 2024-12-31: -8749000 USD Inspect Operating Cash Flow Open source
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USD 2.78 million
Exact value

Exact value: 2781000 USD

2024-01-01 – 2024-12-31: 2781000 USD Inspect Capital Expenditure Open source
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−USD 11.53 million
Calculation and evidence

-8749000 − 2781000 USD

Exact free cash flow: -11530000 USD

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2025 2025-01-01 – 2025-12-31
−USD 44.37 million
Exact value

Exact value: -44372000 USD

2025-01-01 – 2025-12-31: -44372000 USD Inspect Net Income Open source
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−USD 14.94 million
Exact value

Exact value: -14936000 USD

2025-01-01 – 2025-12-31: -14936000 USD Inspect Operating Cash Flow Open source
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USD 3.05 million
Exact value

Exact value: 3053000 USD

2025-01-01 – 2025-12-31: 3053000 USD Inspect Capital Expenditure Open source
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−USD 17.99 million
Calculation and evidence

-14936000 − 3053000 USD

Exact free cash flow: -17989000 USD

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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

26 filings · 1,929 latest values · 1,929 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001625641, 1625641, LAW, edgar:1625641

Also known as CS Disco, Inc.