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Companies / Technology / CS Disco, Inc.
LAW

CS Disco, Inc.

TechnologyPrepackaged Software
Ticker LAWAUSTIN, TXFiscal year ends DecemberBook value per share $1.88Diluted shares 64.1M

DISCO (NASDAQ: DISCO) operates as a cloud-native, artificial intelligence-powered legal technology platform that simplifies legal hold, legal request, ediscovery, legal document review and case management for enterprises, law firms, legal services providers and governments. The company's website is www.csdisco.com. From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$156.85M
+8.3% year over year
Last 12 mo $167.12M
-30.68%
+11.9 percentage points
Last 12 mo -25.74%
$-44.37M
+20.4% year over year
Last 12 mo $-40.44M
-34.64%
−7 percentage points
Last 12 mo -33.66%
Cash & financing
$-14.94M
−70.7% year over year
Last 12 mo $-12.97M
$-17.99M
−56.0% year over year
Last 12 mo $-16.39M
0.00
Was 0.00× a year earlier
Last 12 mo 0.00
61.7M
+2.5% year over year
Last 12 mo 64.1M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What CS Disco, Inc. does

In the company’s own words

DISCO (NASDAQ: DISCO) operates as a cloud-native, artificial intelligence-powered legal technology platform that simplifies legal hold, legal request, ediscovery, legal document review and case management for enterprises, law firms, legal services providers and governments. The company's website is www.csdisco.com.

The platform leverages cloud-native architecture and advanced AI models to automatically identify legally relevant documents and improve the accuracy and speed of legal document review. DISCO's comprehensive product suite includes DISCO Hold for preservation compliance, DISCO Request for legal request response automation, DISCO Ediscovery for the ediscovery process, DISCO Review for AI-powered document review, and DISCO Case Builder for collaborative case development. The company's Cecilia AI platform provides features including Cecilia Q&A, a chatbot for database queries, and Cecilia Timelines for automated timeline creation.

As of December 31, 2025, DISCO served 1,549 customers across diverse industries, including 330 large customers defined as those generating over $100,000 in annual revenue. The customer base comprises enterprises, law firms, legal services providers and government organizations. The company maintains a dollar-based net retention rate of 98%, indicating strong expansion within existing customer relationships.

DISCO employs 577 full-time employees as of December 31, 2025, with 166 dedicated to research and development and 149 to sales and marketing. The company operates internationally with less than 10% of revenue generated from customers outside the United States, though international expansion represents a significant growth opportunity.

The company's business model centers on usage-based pricing designed to provide cost flexibility and predictability for customers. DISCO differentiates itself through its integration of AI capabilities directly into lawyer workflows, comprehensive end-to-end platform approach, and focus on delivering high end-user satisfaction through intuitive design. The platform functions as a single system of record for legal data at enterprise scale, enabling customers to consolidate previously fragmented vendor relationships and improve security, collaboration and cost management across their legal operations.

Company details
Sector
Technology
Industry
Prepackaged Software
Headquarters
AUSTIN, TX
Fiscal year end
December
CIK
1625641
SIC
7372

Financial performance, year by year

Fiscal 2021–2025 · USD
$-94.55M$-23.19M$48.18M$119.54M$190.91M20212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns CS Disco, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

124
funds hold it
0 of 35
superinvestors hold it
$22.63M
held by funds, at market
8.8%
of shares held by funds

Largest fund holders · CS Disco, Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.00%of fund net assets
0.00%of fund net assets
Fidelity Small Cap Index Fund
FSSNX · Fidelity Salem Street Trust
0.00%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do CS Disco, Inc. and its peers compare on margins and cash generation over ten years?”
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