CS Disco, Inc. (LAW)

Over the past six months, CS Disco's stock price has declined by 41.00%. In February 2026, the company announced its Q4 2025 financial results, reporting an EPS of -$0.04. In March 2026, Topline Capital Management LLC increased its stake in CS Disco by 8.1%, and CEO Eric Friedrichsen bought 15,500 shares. In November 2025, CS Disco reported Q3 2025 earnings, with total revenue up 13%. In October 2025, a rating downgrade was issued due to near-term growth concerns, and in December 2025, a "Reiterate Sell" rating was issued. In February 2025, CS Disco was named a G2 2025 award winner.

Explicit details on demand seasonality for CS Disco's products and services are not extensively provided, but some inferences can be drawn. In 2025, CS Disco reported a decline in revenue from services in Q1 and Q2 by 20% compared to the previous year. The demand for e-discovery and legal technology solutions is generally tied to the volume and complexity of legal disputes. The increasing adoption of AI in the legal sector is a significant trend. The legal sector is increasingly embracing cloud-based solutions.

CS Disco, Inc. is a legal technology company providing a cloud-native, AI-powered legal solution for legal hold, e-discovery, and case management. Its major products and services include the DISCO Platform, Cecilia AI, DISCO Ediscovery, DISCO Hold, DISCO Request, DISCO Case Builder, DISCO Timelines, Deposition Management, and Professional Services.

CS Disco, Inc. has a global presence with offices in Austin, Texas (World HQ), New York City, London, and Gurugram, India. The India office aims to expand services and provide 24/7 professional support.

In the past year, CS Disco has focused on enhancing its reputation through product innovation, particularly in AI-enabled legal technology. In February 2025, DISCO earned a top spot in G2's 2025 Best Software Awards for Legal Products. In February 2026, DISCO announced an all-inclusive platform for e-discovery. Over the past 18 months, DISCO has unveiled six new generative AI products and capabilities within its Cecilia AI platform. A securities class action lawsuit, filed on behalf of investors who purchased stock between July 21, 2021, and August 11, 2022, alleges that CS Disco made misleading statements.

The ownership structure of CS Disco is a mix of institutional investors, private equity firms, company insiders, and individual investors. Institutional investors collectively held 58.1% of outstanding shares as of December 2025. Private equity firms hold a significant 48% stake. Insiders own approximately 16.10% of the company. The general public/individual investors hold about 13% ownership.