Filing Flows › CS Disco (LAW) › Q1 2025
CS Disco (LAW) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 7, 2025
CS Disco (LAW) reported revenue of $36.7M for the first quarter 2025 (Q1 2025), +3% from a year earlier and -0.9% from the quarter before. Operating margin was -34.4%, net loss $11.4M (31.1% of revenue).
CS Disco, Q1 2025: revenue $36.7M (+3% year over year), operating margin -34.4%, net loss $11.4M, operating cash flow −$10.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $36.7M | -0.9% | +3% |
| Operating profit | −$12.6M | — | — |
| Net earnings | −$11.4M | — | — |
| Operating cash flow | −$10.5M | — | — |
What changed
Revenue was $36.7M in Q1 2025, up 3% year over year and down 1% from the previous quarter. Software was the largest line at 84% of revenue. Software added $1.0M year over year (up 3%), 90% of the total change.
Gross margin was 74.1%, down 1.0 points from a year earlier. Operating costs exceeded revenue by $12.6M, an operating margin of -34.4%. Operating expenses grew 2% against revenue growth of 3%. The fastest-growing cost line was Research & development (+18%). The quarter ended with a net loss of $11.4M, narrower than the previous quarter's $25.2M loss.
Operating cash flow was −$10.5M. Non-cash charges added back $927K of depreciation and amortization and $5.9M of share-based compensation. Working capital and other items used $5.9M. Capital expenditures of $525K exceeded it, leaving free cash flow of −$11.0M.
Questions
What was CS Disco's revenue in the first quarter 2025?
CS Disco (LAW) reported revenue of $36.7M for the first quarter 2025 (Q1 2025), +3% from a year earlier and -0.9% from the quarter before.
Was CS Disco profitable in the first quarter 2025?
Operating loss was $12.6M (-34.4% of revenue) and net loss $11.4M.
Source: CS Disco 10-Q on SEC EDGAR.