LA

CS Disco Inc. Common Stock Earnings Recaps

LAW Information Technology 2 recaps
Next earnings: November 4, 2026 (estimated) · full calendar
Q2 2026 Aug 7, 2026

The 4.1% stock gain reflects investor approval of DISCO's accelerating growth in large matters and expanding wallet share with key customers, alongside positive early market reception of its new Unified Litigation Solution.

Key takeaways
  • Total revenue grew 13% year-over-year to $43.1 million, with software revenue also up 13% and services revenue rising 18%.
  • Adjusted EBITDA remained negative $3.4 million, with management targeting adjusted EBITDA positivity by Q4.
  • The newly launched Unified Litigation Solution aims to integrate facts and controlling law in a single platform, addressing unmet needs in litigation AI.
  • Early pilot feedback from prestigious litigation boutiques highlights demand for deeper contextual AI, validating DISCO’s long-term strategic vision.
  • Growth drivers remain large, complex matters and increased wallet share within existing large customers, supporting near- and medium-term revenue expansion.
Full recap
Q3 2025 Nov 6, 2025

CS Disco reported strong Q3 results for fiscal year 2025, with total revenue rising 13% to $40.9 million, driven by substantial growth in software revenue and improved operational metrics.

Key takeaways
  • Software revenue increased by 17% year-over-year, exceeding guidance.
  • Adjusted EBITDA improved by $4.2 million year-over-year, narrowing losses to negative $297,000.
  • Customer base expanded, with 326 clients contributing over $100,000 each, accounting for 76% of total revenue.
  • Adoption of generative AI tools, such as Cecilia AI, tripled, indicating strong market traction.
  • IDC recognized DISCO as a leader in the eDiscovery software market, reinforcing its competitive positioning in handling large, complex legal matters.
Full recap

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