CS Disco, Inc. (LAW)

In the past six months, CS Disco, Inc.'s stock price experienced a 74.47% rally. In Q3 2025, the company reported a 13% year-over-year increase in total revenue to $40.9 million, with software revenue growing 17% to $35.2 million, while the GAAP Net Loss widened to $13.7 million. The rapid adoption of the Cecilia AI Platform and the launch of tools like Auto Review in 2025 have driven growth in software revenue. Aaron Barfoot was appointed as Chief Financial Officer on December 22, 2025. CS Disco settled a class-action lawsuit with investors in December 2025 regarding alleged misleading statements about post-IPO growth and revenue guidance.

There isn't explicit data detailing a recurring seasonal pattern in demand for CS Disco, Inc.'s products and services. However, fluctuations in demand for certain services have been observed. Reports from Q1, Q2, and Q3 2025 indicated a decline in revenue from services, attributed to increased AI use and a slowdown in investigations from some US agencies.

CS Disco, Inc. is a legal technology company providing a cloud-native, AI-powered software platform for e-discovery, legal document review, and case management, operating in the Technology Services sector, specifically in the Packaged Software and LegalTech industry. Its major products and services include DISCO Ediscovery, DISCO Review (AI-powered document review), DISCO Case Builder (collaboration tool), Cecilia AI Platform (AI fact expert and auto review), DISCO Timelines, DISCO Hold, DISCO Request, and Professional Services (managed e-discovery, managed review, digital forensics, and enterprise legal services).

CS Disco, Inc. has a global presence with its world headquarters in Austin, Texas, USA. It also has offices in New York City, USA; London, UK; and Gurugram (New Delhi), India, with the India office established in April 2023 to expand services and provide 24/7 professional support.

CS Disco, Inc. received positive recognition for its products, earning a top spot in G2's 2025 Best Software Awards for Legal Products. Users gave DISCO high scores for product intuitiveness, seamless integration, professional services expertise, product support, and customer training. However, the company's reputation was also affected by a class-action lawsuit, which was settled in December 2025, over allegations of misleading statements regarding post-IPO growth and revenue guidance.

The ownership of CS Disco, Inc. is concentrated, with institutional and private equity investors holding the majority of shares. Institutional investors hold approximately 58.05% of the stock, while private equity firms hold around 48%. Major institutional holders include Deer Management Co. LLC, Stephens Group, Llc, Topline Capital Management, Llc, Vanguard Group Inc., and Blackrock, Inc. Insiders own approximately 9.96% to 18.07% of the company, and the general public holds a smaller stake of about 13% to 30.08%.