LAW - CS Disco, Inc.
Price:
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CONSENSUS:
Hold
DETAILS
|
PRICE TARGET:
$9.00
DETAILS
HIGH:
$10.00
LOW:
$8.00
MEDIAN:
$9.00
CONSENSUS:
$9.00
UPSIDE:
144.57%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Revenue | |||||||
| Revenue | 156.8 | 144.8 | 138.1 | 135.2 | 114.3 | 68.4 | 48.6 |
| Cost of Revenue | 39.4 | 37.4 | 34.9 | 34.2 | 31.1 | 20.4 | 14.5 |
| Gross Profit | 117.4 | 107.4 | 103.1 | 101.0 | 83.2 | 48.0 | 34.1 |
| Operating Expenses | |||||||
| R&D Expenses | 56.6 | 51.5 | 51.6 | 59.3 | 34.4 | 26.6 | 25.4 |
| SG&A Expenses | 109.0 | 102.4 | 101.4 | 113.6 | 72.7 | 45.0 | 39.1 |
| Other Expenses | 0 | 15.2 | 0 | 0 | 0 | (1.1) | 0 |
| Operating Expenses | 165.5 | 169.2 | 153.0 | 172.8 | 107.1 | 70.5 | 64.4 |
| Operating Income | |||||||
| Operating Income | (48.1) | (61.7) | (49.8) | (71.8) | (23.8) | (22.5) | (30.4) |
| Interest Expense | 0 | 0.6 | 0.2 | 0.5 | 0.5 | 0.5 | 0.1 |
| Interest Income | 4.5 | 6.8 | 8.3 | 1.7 | 0.1 | 0.2 | 0.7 |
| Profitability | |||||||
| EBITDA | (43.4) | (51.0) | (37.5) | (67.1) | (21.0) | (20.7) | (28.9) |
| EBIT | (43.6) | (54.9) | (41.5) | (70.1) | (23.7) | (22.3) | (29.7) |
| Income Before Tax | (43.6) | (55.4) | (41.7) | (70.6) | (24.3) | (22.8) | (29.8) |
| Income Tax Expense | 0.7 | 0.3 | 0.4 | 0.2 | 0.1 | 0.1 | 0.0 |
| Net Income | (44.4) | (55.8) | (42.1) | (70.8) | (24.3) | (22.9) | (29.8) |
| Per Share Data | |||||||
| EPS (Basic) | -0.72 | -0.93 | -0.70 | -1.20 | -0.42 | -0.40 | -0.52 |
| EPS (Diluted) | -0.72 | -0.93 | -0.70 | -1.20 | -0.42 | -0.40 | -0.52 |
| Shares Outstanding | 61.7 | 60.2 | 60.1 | 58.8 | 58.0 | 56.9 | 56.9 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Current Assets | |||||||
| Cash & Cash Equivalents | 19.7 | 52.8 | 159.6 | 203.2 | 255.5 | 58.6 | 23.2 |
| Short-Term Investments | 94.9 | 76.4 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 33.7 | 23.1 | 27.0 | 22.7 | 20.7 | 12.9 | 7.4 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 4.7 | 4.7 | 5.8 | 5.6 | 4.6 | 1.4 | 1.3 |
| Total Current Assets | 153.0 | 156.9 | 192.3 | 231.5 | 280.9 | 72.8 | 31.9 |
| Non-Current Assets | |||||||
| Property, Plant & Equipment | 13.7 | 16.3 | 17.8 | 17.3 | 6.2 | 5.7 | 3.6 |
| Goodwill | 5.9 | 5.9 | 5.9 | 5.9 | 0 | 0 | 0 |
| Intangible Assets | 0.2 | 0.4 | 14.7 | 1.0 | 4 | 3.3 | 1.9 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0.8 | 0.8 | 0.8 | 0.6 | (3.6) | (2.7) | (1.5) |
| Total Non-Current Assets | 20.6 | 23.4 | 39.2 | 24.8 | 6.5 | 6.3 | 4.0 |
| Total Assets | 173.6 | 180.3 | 231.5 | 256.3 | 287.4 | 79.1 | 35.9 |
| Current Liabilities | |||||||
| Account Payables | 3.9 | 4.0 | 5.2 | 8.5 | 4.7 | 3.6 | 4.0 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 5.4 | 4.3 | 4.3 | 4.1 | 2.2 | 1.6 | 1.4 |
| Other Current Liabilities | 0 | 5.9 | 5.5 | 4.7 | 2.8 | 0 | 0 |
| Total Current Liabilities | 40.4 | 25.7 | 23.1 | 22.8 | 18.6 | 12.2 | 9.2 |
| Non-Current Liabilities | |||||||
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0.8 | 0.1 | 0.8 | 0.9 | 0.1 | 160.8 | 101.0 |
| Total Non-Current Liabilities | 5.1 | 7.1 | 8.1 | 9.9 | 0.1 | 161.8 | 101.0 |
| Total Liabilities | 45.5 | 32.8 | 31.2 | 32.7 | 18.7 | 174.0 | 110.3 |
| Stockholders' Equity | |||||||
| Common Stock | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.1 | 0.1 |
| Retained Earnings | (341.8) | (297.4) | (240.4) | (198.2) | (127.5) | (103.1) | (80.2) |
| Accumulated Other Comprehensive Income | 0.0 | 0.0 | 0 | 0 | (287.4) | 0 | 0 |
| Total Stockholders' Equity | 128.1 | 147.5 | 200.3 | 223.6 | 268.7 | (94.9) | (74.4) |
| Total Liabilities & Equity | 173.6 | 180.3 | 231.5 | 256.3 | 287.4 | 79.1 | 35.9 |
| Debt Metrics | |||||||
| Total Debt | 7.0 | 9.3 | 9.2 | 10.9 | 1.0 | 2.1 | 0 |
| Net Debt | (12.7) | (43.5) | (150.4) | (192.3) | (254.5) | (56.5) | (23.2) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Net Income | (44.4) | (55.8) | (42.1) | (70.8) | (24.3) | (22.9) | (29.8) |
| Depreciation & Amortization | 0.2 | 3.9 | 4.2 | 3.0 | 1.7 | 1.6 | 0.8 |
| Stock-Based Compensation | 24.5 | 22.3 | 16.2 | 21.7 | 5.6 | 2.0 | 4.1 |
| Change in Working Capital | 0.8 | 2.5 | (8.4) | (4.4) | (6.6) | (5.3) | (2.8) |
| Other Non-Cash Items | 4.0 | 18.4 | 4.7 | 4.4 | 1.2 | 1.9 | 0.4 |
| Operating Cash Flow | (14.9) | (8.7) | (25.5) | (46.0) | (21.6) | (22.7) | (27.3) |
| Investing Activities | |||||||
| Capital Expenditure | (3.1) | (2.8) | (18.9) | (4.4) | (3.1) | (1.9) | (3.3) |
| Acquisitions | 0.0 | 0.0 | (1.2) | (5.3) | 0 | 0 | 0 |
| Purchases of Investments | (206.1) | (87.9) | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 190.9 | 12.7 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 0 | 0 | (14.0) | 0 | 0 | 0 | 0 |
| Investing Cash Flow | (18.2) | (78.0) | (20.0) | (9.7) | (3.1) | (1.9) | (3.3) |
| Financing Activities | |||||||
| Net Debt Issuance | (0.0) | (0.0) | (0.0) | (0.0) | (0.1) | (0.1) | (5.8) |
| Stock Repurchased | (0.1) | (20.2) | (0.1) | (0.5) | (0.5) | (0.1) | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (0.3) | 0.2 | 2.0 | 4.1 | 2.4 | 0.3 | 0.1 |
| Financing Cash Flow | 0.0 | (20.0) | 1.9 | 3.5 | 221.7 | 60.0 | 44.1 |
| Cash Position | |||||||
| Net Change in Cash | (33.1) | (106.8) | (43.7) | (52.2) | 196.9 | 35.3 | 13.5 |
| Cash at Beginning | 52.8 | 159.6 | 203.2 | 255.5 | 58.6 | 23.2 | 9.7 |
| Cash at End | 19.7 | 52.8 | 159.6 | 203.2 | 255.5 | 58.6 | 23.2 |
| Free Cash Flow | (18.0) | (11.5) | (44.4) | (50.4) | (24.7) | (24.6) | (30.6) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Income Statement | |||||||
| Revenue | 156.8 | 144.8 | 138.1 | 135.2 | 114.3 | 68.4 | 48.6 |
| Gross Profit | 117.4 | 107.4 | 103.1 | 101.0 | 83.2 | 48.0 | 34.1 |
| Operating Income | (48.1) | (61.7) | (49.8) | (71.8) | (23.8) | (22.5) | (30.4) |
| Net Income | (44.4) | (55.8) | (42.1) | (70.8) | (24.3) | (22.9) | (29.8) |
| EPS (Diluted) | -0.72 | -0.93 | -0.70 | -1.20 | -0.42 | -0.40 | -0.52 |
| Balance Sheet | |||||||
| Cash & Equivalents | 19.7 | 52.8 | 159.6 | 203.2 | 255.5 | 58.6 | 23.2 |
| Total Assets | 173.6 | 180.3 | 231.5 | 256.3 | 287.4 | 79.1 | 35.9 |
| Total Debt | 7.0 | 9.3 | 9.2 | 10.9 | 1.0 | 2.1 | 0 |
| Stockholders' Equity | 128.1 | 147.5 | 200.3 | 223.6 | 268.7 | (94.9) | (74.4) |
| Cash Flow | |||||||
| Operating Cash Flow | (14.9) | (8.7) | (25.5) | (46.0) | (21.6) | (22.7) | (27.3) |
| Capital Expenditure | (3.1) | (2.8) | (18.9) | (4.4) | (3.1) | (1.9) | (3.3) |
| Free Cash Flow | (18.0) | (11.5) | (44.4) | (50.4) | (24.7) | (24.6) | (30.6) |