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LAW · CS Disco, Inc.

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$4.07 +0.01 (+0.25%) At close · Sep 11
Market Cap
$264.22M
Shares
64.92M

Price & Indicators

20d MA 50d MA 200d MA Earnings Filing Insider Congress Investor day
Close$4.07 Open$4.11 Day$3.99–4.11 52W close$2.76–8.91 Avg vol 30d223K Short int1.6M · 2.5% float · 7.4d Short vol56% Last earningsAug 5, 2026 DataJul 2021–Sep 2026 Filing10-Q · Aug 5

Up next

Next earnings call
Nov 4, 2026 Est · unconfirmed · in 7 wks
filed Aug 5, 2026

Metrics snapshot

Useful current figures from the complete screener profile.

Revenue (TTM)
$167.12M
Trailing 12 months
Net income (TTM)
−$40.44M
Trailing 12 months
Revenue growth YoY
+13.2%
Year over year
Operating margin
-25.7%
Trailing 12 months
P / E (TTM)
Trailing earnings
FCF yield
-6.2%
TTM · current market cap
Return on invested capital
Trailing 12 months
Net cash
$101.39M
Latest balance sheet
Dividend yield
Trailing 12 months
Shares change YoY
+5.3%
Year over year · more shares
Price change (1Y)
-26.8%
Trailing year
Short interest
2.5%
Latest settlement · 7.4 days to cover
View all 115 metrics

AI Brief

Q2 FY26 earnings call · Aug 5, 2026
Q2 FY26

TL;DR. DISCO posted 13% year-over-year revenue growth in Q2 to $43.1 million, raised full-year total and software revenue guidance, and announced a new Unified Litigation Solution that extends the platform beyond eDiscovery by integrating case facts with U.S. case law. Adjusted EBITDA remained negative at $(3.4) million, with the company reiterating a path to adjusted EBITDA positive in Q4.

Bullish
  • + Raised full-year total revenue guidance to $172.0M-$179.0M and software revenue guidance to $147.5M-$152.5M.
  • + Q2 total revenue grew 13% year-over-year to $43.1M with software revenue up 13% to $36.8M and services revenue up 18% to $6.3M.
  • + Large customers generating more than $100,000 over the trailing 12 months grew to 354, representing 77% of revenue and 15% year-on-year growth.
  • + DISCO Platform adoption exceeded internal targets, hitting the December 2026 year-end run rate goal by June 2026.
Bearish
  • Adjusted EBITDA was $(3.4) million in Q2 (negative 8% margin) versus $(2.7) million (negative 7% margin) a year ago.
  • Full-year adjusted EBITDA guidance updated to a range of $(8.0)M to $(5.0)M, still implying a loss for the year despite reiterated Q4 adjusted EBITDA positive target.

AI-generated from the earnings call and 8-K · may contain errors · not investment advice

Equibles Rating

blended score · not investment advice
Overall
Sell
SellHoldBuy
Technical Sell Momentum Very Weak Sentiment Bearish Fundamentals Excellent Quant / Vol Very High
Market backdrop VIX 15.8 · calm Equity put/call 0.58
Technical
price trend
Sell
50 / 200-day cross No cross
Price vs 200-day avg −15%
below
Price vs 50-day avg −1%
below
RSI (14) 45
neutral
MACD trend Negative
52-week position 21%
mid-range
Volume (OBV) Confirms
volume backs price
Momentum
relative strength
Very Weak
1-month return −11%
trailing
6-month return −1%
trailing
YTD return −48%
this year
Relative strength −19%
vs S&P · 6-mo
Sentiment
smart money
Bearish
Trend (MA cross) No cross
50d $4 › 200d $5 — 200d above 50d
Institutional flow Distributing
-4% holders QoQ · +15 funds added
Insider flow Distributing
Net -$98.7K over 90 days · 80% sells
Short interest Rising
2.51% of float · ▲ +17.2% MoM · 7.4 days cover
Volume signal Normal
Volume near normal
Institution breadth Steady
119 holders — mid 3-yr range
Squeeze score 57
elevated · 0–100
Fundamentals
Excellent
Revenue growth +8%
Y/Y
Gross margin 75%
expanding
EPS growth +23%
Y/Y
Free cash flow $-18.0M
Buyback $20.0M
authorized
Quant / Vol
risk profile
Very High
Volatility 78%
annualized · 1-yr
Max drawdown −69%
past year
ATR 5.1%
of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Guidance & track record

Beat or met 5 of last 5
Latest guidance · from the 8-K filed Aug 5, 2026
Third quarter of 2026
Software revenue Initiated $38.1M – $39.1M
Total revenue Initiated $43.75M – $45.75M
prior qtr $43.15M midpoint +3.7% QoQ
Adjusted EBITDA Non-GAAP Initiated $-1.75M – $-250,000
Fiscal year 2026
Software revenue Initiated $147.5M – $152.5M
Total revenue Initiated $172M – $179M
prior FY $156.85M midpoint +11.9% Y/Y
Prior guidance period ended · from the 8-K filed Aug 8, 2024
Software revenue · Third quarter of 2024 $29.5M – $30.5M
Total revenue · Third quarter of 2024 $35.3M – $37.3M
Software revenue guidance · Fiscal year 2024 $118.5M – $120.5M
Total revenue guidance · Fiscal year 2024 $143M – $147M
Guided vs delivered · last 5 settled
Total revenue Third quarter of 2024
guided $35.3M – $37.3M
$36.27M In line
Total revenue guidance Fiscal year 2024
guided $143M – $147M
$144.84M In line
Revenue Q4
guided $28.2M – $28.8M
$33.81M Beat +18.6%
Revenue full-year fiscal year 2021
guided $108.7M – $109.3M
$114.34M Beat +4.9%

Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

Technicals

trend & momentum for long-term holders Sell
2 · 5 · 0
50 / 200-day cross
No cross Neutral
Price vs 200-day avg
−15% Bearish
Price vs 50-day avg
−1% Neutral
RSI (14)
45 Neutral
MACD trend
Negative Bearish
52-week position
21% Neutral
Volume (OBV)
Confirms Neutral
Market signals — smart money & positioning
Bearish · 3 of 6
Trend (MA cross) No cross
50d $4 › 200d $5 — 200d above 50d
Institutional flow Distributing
-4% holders QoQ · +15 funds added
Insider flow Distributing
Net -$98.7K over 90 days · 80% sells
Short interest Rising
2.51% of float · ▲ +17.2% MoM · 7.4 days cover
Volume signal Normal
Volume near normal
Institution breadth Steady
119 holders — mid 3-yr range
Price context
position in its 52-week range
Range low $3 Now $4 · 21% Range high $9
vs 200-day avg -15% vs 50-day avg -1%

Illustrative technical + ownership context — a signal mix, not investment advice.

Key metrics

Earlier KPI extraction records exist, but do not meet the current evidence-completeness requirements. No current verified series is available. Earlier figures remain withheld until revalidated; this is not evidence that the company reports no KPIs.

Versus peers

Software - Application — same industry group
Open screener →
Company Mkt cap YTD Rev growth Y/Y P/E Short % shares
LAW
CS Disco, Inc.
this stock
$264.22M -47.6% +8.3% 2.5%
SAP
Sap SE
$238.18B -15.0% 0.4%
CRM
Salesforce, Inc.
$203.87B -6.5% +25.9% 22.6 3.5%
SHOP
Shopify Inc.
$165.71B -20.0% +30.1% 86.4 1.4%
UBER
Uber Technologies, Inc
$146.39B -12.3% +18.3% 15.3 2.2%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section
Ownership
Institutional Holders Reducing
Holders
119
% held
54.7%
Net QoQ
-431.7K sh
Top holder
Deer Management Co. LLC
Held Float
View
Held by Funds
Fund positions
126
View
Short & Settlement
Short Interest Rising
Shares short
1.6M
Days to cover
7.4d
Change
+238.9K sh
View
Short Volume
Short vol %
56%
As of
Sep 11, 2026
Short Total
View
Fails to Deliver
FTD shares
669
Value
$2.9K
As of
Aug 13, 2026
View
Off-Exchange
Off-exchange %
41.0%
Week of
Aug 3, 2026
Off-exch Lit
View
Smart Money
Insider Trades Net selling
Net (90d)
-$98.7K
Buyers / Sellers
1 / 4
Buyers Sellers
View
Financials
Financials
Revenue (FY)
$156.8M
Net income (FY)
$-44.4M
EPS diluted
$-0.72
View
Buybacks
Authorized
$20.0M
View
Filings
SEC Filings
Latest
Investor Event Transcript
Filed
Aug 12, 2026
This year
12
View
Proposed Sales
Value
$20.1K
Shares
6.7K
Filed
Feb 27, 2026
View
Exempt Offerings
Offering
$60.0M
Filed
Oct 14, 2020
View
Earnings & Events
Earnings Calls
Last call
Aug 12, 2026
View
Investor Relations
Latest news
New DISCO Auto Review Capability…
Published
Aug 20, 2026
View

Performance

5D 20D 120D MTD YTD
LAW -6.9% -11.1% -0.7% -7.1% -47.6%
SPY -1.2% -1.8% +17.8% -0.4% +12.1%
vs SPY -5.7% -9.4% -18.6% -6.7% -59.6%

Capital returns

Buyback program · as of Mar 31, 2024
Authorized
$20.00M
Spent (derived)
Remaining

Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.

Key facts CIK 1625641 CUSIP 126327105 13F (30d) 46 filings 46 filers Visit website Investor relations