Filing Flows › CS Disco (LAW) › Q4 2025
CS Disco (LAW) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 25, 2026
CS Disco (LAW) reported revenue of $41.2M for the fourth quarter 2025 (Q4 2025), +11% from a year earlier and +0.6% from the quarter before. Operating margin was -22.4%, net loss $8.5M (20.7% of revenue).
CS Disco, Q4 2025: revenue $41.2M (+11% year over year), operating margin -22.4%, net loss $8.5M, operating cash flow $762K. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $41.2M | +0.6% | +11% |
| Operating profit | −$9.2M | — | — |
| Net earnings | −$8.5M | — | — |
| Operating cash flow | $762K | — | -64% |
| Free cash flow | $255K | — | -83% |
What changed
Revenue was $41.2M in Q4 2025, up 11% year over year and up 1% from the previous quarter. Software was the largest line at 85% of revenue.
Gross margin was 75.1%, up 0.9 points from a year earlier. Operating costs exceeded revenue by $9.2M, an operating margin of -22.4%. Operating expenses fell 25% while revenue rose 11%. The quarter ended with a net loss of $8.5M, narrower than the previous quarter's $13.7M loss.
Operating cash flow was $762K (down 64% year over year). Non-cash charges added back $927K of depreciation and amortization and $6.0M of share-based compensation. Working capital and other items added $2.3M. Capital expenditures of $507K left free cash flow of $255K.
Questions
What was CS Disco's revenue in the fourth quarter 2025?
CS Disco (LAW) reported revenue of $41.2M for the fourth quarter 2025 (Q4 2025), +11% from a year earlier and +0.6% from the quarter before.
Was CS Disco profitable in the fourth quarter 2025?
Operating loss was $9.2M (-22.4% of revenue) and net loss $8.5M.
Source: CS Disco 10-K on SEC EDGAR.