CS Disco, Inc. (LAW)

Over the past six months, CS Disco, Inc.'s stock price has seen a significant increase. In Q1 2025, the company reported a revenue increase but a widened net loss, leading to a stock surge. In Q2 2025, revenue increased, with a consistent net loss and a modest stock increase. In Q3 2025, revenue increased, and the adjusted EBITDA loss reduced significantly. The CEO purchased shares in November 2025. Analyst ratings in November 2025 included an increased price target and a maintained "Buy" recommendation.

Explicit information detailing seasonal patterns in demand for CS Disco, Inc.'s products and services is not clearly indicated. A 2022 annual report noted that the way in which lawyers and legal professionals use their solution is similar regardless of the specific industry in which each customer operates, which might suggest a lack of significant demand seasonality across different industries.

CS Disco, Inc. is a technology company specializing in cloud-native and AI-powered legal solutions, operating in the Software - Application or Packaged Software industry. The company provides products designed to simplify legal hold, legal request, e-discovery, legal document review, and case management, serving a diverse client base including enterprises, law firms, legal services providers, and governments.

CS Disco, Inc. operates in the United States and internationally, with offices in Austin, Texas (headquarters), New York City, London, and New Delhi.

CS Disco has experienced both positive and challenging events impacting its brand reputation in the past year. DISCO received positive recognition as a G2 2025 award winner and was recognized as a Leader in the IDC MarketScape. DISCO also launched its Cecilia AI platform in Europe. Challenges include an ongoing investigation by the Portnoy Law Firm into possible securities fraud and a reported decline in revenue from existing customers due to decreased product usage and law firms switching providers. The company's services revenue has also shown persistent softness.

CS Disco, Inc. has concentrated ownership, with institutional investors holding approximately 58.05% of the stock, including significant holdings by private equity firms. Major institutional investors include Vanguard Group Inc. and Blackrock, Inc. Deer Management Co. LLC is the largest individual shareholder, followed by LiveOak Ventures. Insiders own 16.10% of the stock, and the general public holds approximately 13%.