CS Disco Inc. Common Stock Q2 2026 Earnings Recap

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.