CS Disco, Inc. (LAW)

Over the past six months, CS Disco's stock has underperformed the S&P500. As of April 7, 2026, the share price was $3.64, showing a 2.54% increase over the past year, but a 23.84% decrease in the past month. Key events include Q3 2025 earnings falling short of estimates but projecting higher FY25 revenue, Q4 2025 results beating EPS and revenue expectations, the appointment of Aaron Barfoot as CFO in December 2025, the launch of an AI tool in February 2026, and a 31% share price drop in February 2026 due to slower revenue growth.

Information directly detailing the demand seasonality for CS Disco's products and services is not explicitly provided. However, the company's revenue generation through contingent cases can be "lumpy," suggesting that demand might not be entirely consistent and can be influenced by the timing and size of specific legal cases. The nature of legal discovery and case management, often tied to litigation cycles, could inherently introduce some level of variability in demand.

CS Disco, Inc. is a legal technology company based in Austin, Texas, providing cloud-native, AI-powered solutions for the legal industry. It operates in the Software - Application industry, simplifying legal discovery and case management for enterprises, law firms, legal services providers, and governments. Its integrated product suite automates legal workflows across litigation, investigation, compliance, and diligence matters, featuring products like DISCO Ediscovery, DISCO Review, DISCO Hold, DISCO Request, DISCO Case Builder, Cecilia AI Platform, and DISCO Timelines.

CS Disco has a global presence with offices in Austin, New York City, London, and New Delhi. The company expanded its global presence with the opening of its Gurugram, India office in April 2023, aiming to enhance its capabilities for 24/7 professional support to global customers. In 2018, DISCO also expanded its global presence with a European data center and a UK office to serve law firms and corporate legal departments across the United Kingdom and Europe. The majority of its sales are generated in the United States, with other countries contributing a smaller but significant portion.

CS Disco's brand reputation has been influenced by technological advancements and legal challenges. Positive developments include the adoption of the Cecilia AI Platform and the launch of new tools, positioning the company as a frontrunner in legal technology. Negative events include a securities fraud class action lawsuit alleging misleading investors about customer losses and revenue guidance, resulting in a stock drop and a settlement with investors.

CS Disco's ownership is split among institutional investors, private equity firms, insiders, and individual investors. Institutional investors hold approximately 40.50% to 58.05% of the stock. Private equity firms hold a substantial 48% ownership. Insiders own approximately 33.60% of the stock. Public companies and individual investors hold around 5.08% to 14.66% of the stock.