Company Analysis

CS Disco, Inc. (LAW)

NYSE: LAW · Services-Prepackaged Software · Austin, TX · filing with the SEC since 2014
Grade4.8
◀ Past 5.9● Present 4.3▶ Future 4.5
1 est.

The grade of CS Disco, Inc.

Nine metrics read from its own filings, by tense
Headline grade
4.8/10
◀ Past5.925% of the headline
● Present4.335% of the headline
▶ Future4.540% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

5.9/1025% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
7.3/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 22% of this tense · 73rd percentile among 230 sector filers · read for itself

From the record

CS Disco, Inc.'s filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
5.3/10

What has it actually done, year after year?

+18% a year over 6 filed years; profitable in 0 of 6.

weight 45% of this tense · 53rd percentile among 213 sector filers · read for its customers

From the record

CS Disco, Inc.'s 6 filed years say what it did: revenue went from $68 million in fiscal 2020 to $157 million in fiscal 2025, up 18% a year; it rose in 5 of 5 years; it never fell from a peak; net income was positive in 0 of 6 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span18.0%bottom 48% of its family
  • the share of years revenue rosetop 27% of its family
  • the share of filed years with a profitbottom 17% of its family
  • the deepest fall from a revenue peak0.0%top 27% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
5.9/10

How has it treated the people who own it?

SI estimate 5.9/10, confidence 35 of 100 (one part).

weight 33% of this tense · 59th percentile among 216 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the share count over the years, which ranks in the top 41% of 216 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: the share count over the years, the one part on file, ranked among 216 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: CS Disco, Inc.'s shareholder treatment is put at 5.9 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the top 41% of 216 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

4.3/1035% of the headline grade · 3 of 3 filed

Financial health

as filed
6.1/10

Is it financially healthy right now?

ROE -35%: lost 35¢ per shareholder dollar. Leverage 26%: owes 26¢ per asset dollar.

weight 45% of this tense · 61st percentile among 217 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, CS Disco, Inc. lost about 35 cents for every dollar of shareholders' money, and gross profitability: its products earned about 68 cents per dollar of everything the company owns. Leverage: it owed about 26 cents per dollar of assets, and net share issuance: its share count grew 2.5% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 23% of its family
  • return on equitybottom 25% of its family
  • gross profit against assetstop 11% of its family
  • the share count against the year beforetop 48% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
2.9/10

How strong is its position in its industry?

bottom 29% of 218 in its family; net margin -28.3%.

weight 33% of this tense · 29th percentile among 218 sector filers · read for its customers

From the record

CS Disco, Inc.'s standing among 218 graded names in its industry family: revenue of $157 million in fiscal 2025 ranks in the bottom 32% by size; a net margin of -28.3% ranks in the bottom 25%; revenue growth of 5.1% a year over the last 3 filed years ranks in the bottom 30% (its annual reports).

What it rests on

  • revenue against the family$157Mbottom 32% of its family
  • net margin-28.3%bottom 25% of its family
  • three-year revenue growth5.1%bottom 30% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
2.7/10

What are the people in charge doing?

bottom 27% of 139 in its family for leadership; chief executive since 2024.

weight 22% of this tense · 27th percentile among 139 sector filers · read for its shareholders

From the record

CS Disco, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Friedrichsen, Eric (Chief Executive Officer, as filed), filing under that title since 2024-05-01, 2.5 years (bottom 33% of its family); the 15 officers and directors filing in the last fifteen months have been on the record a median of 2.8 years (bottom 9%); 9 officer or director changes were reported on Form 8-K since 2023-11-13, against the 15 people in charge now (bottom 40%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge9 in three years among 15 peoplebottom 40% of its family
  • the median years the people in charge have filed2.8 yearsbottom 9% of its family
  • the chief executive's years on the record2.5 yearsbottom 33% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

4.5/1040% of the headline grade · 3 of 3 filed

Room to expand

as filed
5.3/10

How much room does it have to grow?

top 47% of 216 in its family for room to expand.

weight 22% of this tense · 53rd percentile among 216 sector filers · read for itself

From the record

CS Disco, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $20 million against no long-term debt tagged leaves 11.3% of its assets as net cash, bottom 46% of its family; cash from operations less capital spending is -11.5% of revenue (bottom 23%); a gross margin of 74.9% (top 37%); research spending of 36.1% of revenue (top 18%) (its annual report).

What it rests on

  • cash less debt against assets11.3%bottom 46% of its family
  • cash from operations less capital spending against revenue-11.5%bottom 23% of its family
  • gross margin74.9%top 37% of its family
  • research spending against revenue36.1%top 18% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
3.3/10

What could actually drive growth from here?

bottom 33% of 213 in its family for growth drivers.

weight 45% of this tense · 33rd percentile among 213 sector filers · read for its customers

From the record

CS Disco, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 5.1% a year over the last three filed years against 18% over all 6, slowing (bottom 30% of its family); the newest year grew 8.3% (bottom 36%); research spending grew -1.5% a year (bottom 28%); capital spending grew -11.3% a year (bottom 38%) (its annual reports). CS Disco, Inc. reported 2 product lines in fiscal 2025: Software at $134 million (85%), Service at $23 million (15%); 1 of 2 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span-13.0 points a yearbottom 30% of its family
  • the newest year's revenue growth8.3%bottom 36% of its family
  • three-year growth of research spending-1.5%bottom 28% of its family
  • three-year growth of capital spending-11.3%bottom 38% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
5.7/10

Did its newest year beat what its own record pointed to?

top 43% of 194 in its family for expectations against reality.

weight 33% of this tense · 57th percentile among 194 sector filers · read for its shareholders

From the record

CS Disco, Inc.'s newest year against its own record: revenue of $157 million in fiscal 2025 came in 4.6% above the $150 million its prior three years' pace pointed to (top 28% of its family); net income of $44 million against a prior three-year average of $56 million (bottom 38%); a net margin of -28.3% against -40.5% before (top 40%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace4.6%top 28% of its family
  • net income against the prior three years' average+21%bottom 38% of its family
  • net margin against its prior average+12.2 pointstop 40% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton LAW · research, not advice