LAWNYSEServices-Prepackaged SoftwareFiscal year ends December 31
CS Disco, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026
$4.50+0.06 (+1.35%)
Close on Oct 19, 2026
- Market cap
- $290.20M
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2019 to 2025
Gross margin
74.9%+4.7 pts over 5 years
Operating margin
-30.7%+2.2 pts over 5 years
Net margin
-28.3%+5.1 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +8.3% | +5.1% | +18.0% | – | |
| Gross profit | +9.3% | +5.1% | +19.6% | – |
Returns and balance sheet
7 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2019 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 27.0% | -32.2% | |
| Return on assets | – | – | -25.1% | |
| Current ratio | – | 5.95 | 3.78 | |
| Capex to revenue | – | 2.8% | 1.9% | |
| Diluted shares | – | 13M | 62M |
Where the cash went
Fiscal 2021 to 2025, five years combined
CS Disco generated $116.87M from operations and spent $19.24M on capital expenditure, dividends and share buybacks. 94% of that went back into the business.
Generated
$116.87M
Used
$19.24M
Capital expenditure$18.18M94%Dividends$00%Share buybacks$1.06M6%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-28.3%
×Asset turnover0.89×
×Equity multiplier1.28×
=Return on equity, FY2025-32.2%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -28.3% | 0.89× | 1.28× | -32.2% |
| FY2024 | -38.5% | 0.70× | 1.18× | -32.1% |
| FY2023 | -30.5% | 0.57× | 1.15× | -19.9% |
| FY2022 | -52.3% | 0.50× | 1.10× | -28.7% |
| FY2021 | -21.3% | 0.62× | 2.11× | -28.0% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
3of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$44.37M
- Cash generatingOperating cash flow above zero-$14.94M
- Return on assets improvedROA up on the prior year-24.1% → -24.6%
- Earnings backed by cashOperating cash flow above net income-$14.94M vs -$44.37M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose6.11 → 3.78
- No dilutionShare count did not rise60M → 62M
- Gross margin improvedGross margin up on the prior year74.17% → 74.86%
- More efficientAsset turnover rose0.63 → 0.87