Filing Flows › CS Disco (LAW) › Q2 2025
CS Disco (LAW) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 6, 2025
CS Disco (LAW) reported revenue of $38.1M for the second quarter 2025 (Q2 2025), +6% from a year earlier and +4% from the quarter before. Operating margin was -31.0%, net loss $10.8M (28.4% of revenue).
CS Disco, Q2 2025: revenue $38.1M (+6% year over year), operating margin -31.0%, net loss $10.8M, operating cash flow −$4.2M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $38.1M | +4% | +6% |
| Operating profit | −$11.8M | — | — |
| Net earnings | −$10.8M | — | — |
| Operating cash flow | −$4.2M | — | — |
What changed
Revenue was $38.1M in Q2 2025, up 6% year over year and up 4% from the previous quarter. Software was the largest line at 86% of revenue. Software added $3.5M year over year (up 12%), 165% of the total change. Services declined 20%.
Gross margin was 74.6%, up 0.4 points from a year earlier. Operating costs exceeded revenue by $11.8M, an operating margin of -31.0%. Operating expenses grew 3% against revenue growth of 6%. The quarter ended with a net loss of $10.8M, narrower than the previous quarter's $11.4M loss.
Operating cash flow was −$4.2M. Non-cash charges added back $902K of depreciation and amortization and $6.5M of share-based compensation. Working capital and other items used $789K. Capital expenditures of $1.0M exceeded it, leaving free cash flow of −$5.2M.
Questions
What was CS Disco's revenue in the second quarter 2025?
CS Disco (LAW) reported revenue of $38.1M for the second quarter 2025 (Q2 2025), +6% from a year earlier and +4% from the quarter before.
Was CS Disco profitable in the second quarter 2025?
Operating loss was $11.8M (-31.0% of revenue) and net loss $10.8M.
Source: CS Disco 10-Q on SEC EDGAR.