CS Disco, Inc.

LAWUS

CS Disco, Inc. is a legal technology innovator that leverages cloud-native infrastructure and artificial intelligence to deliver advanced solutions. These solutions support electronic discovery, legal document analysis, and comprehensive case management for a broad client base, including corporations, law firms, legal service providers, and governmental entities. Among its key offerings is DISCO Ediscovery, which streamlines the entire e-discovery lifecycle. This platform significantly reduces the manual effort typically involved in gathering, processing, enhancing, searching, examining, interpreting, and presenting critical enterprise data relevant to legal proceedings. Additionally, DISCO Review employs artificial intelligence to consistently provide efficient and accurate document analysis. The suite further includes DISCO Case Builder, a collaborative tool that empowers legal professionals to construct robust cases by centralizing the search, organization, and review of witness depositions, evidence, and other pertinent legal information. These powerful tools find application across diverse legal contexts, such as litigation support, internal investigations, regulatory compliance, and due diligence efforts. Established in Austin, Texas, in 2012, CS Disco, Inc. maintains its headquarters there.

Founded2012IPO year2021As of2026-08-04
Market Cap
$264M
Enterprise Value
$168M
EV / LTM Revenue
1.1x
EV / NTM Revenue
0.9x
Trading multiples

Enterprise value over trailing (LTM) vs. forward (NTM) fundamentals. Click an LTM cell to chart it.

LTM
trailing
NTM
forward
Revenue
0.9x
Gross Profit
1.2x
EBITDA
Classification
Sector
Application Software
Sub-sector
Vertical Applications
Listing
LAW
Country
US
Historical valuation & fundamentals

EV / LTM Revenue

Annual financials & analyst forecasts

$MCY2021CY2022CY2023CY2024CY2025CY2026ECY2027E
Revenue YoY18%2%5%8%12%11%
Revenue$114M$135M$138M$145M$157M$175M$194M
Gross Profit$83M$101M$103M$107M$117M
Gross Profit Margin72.8%74.7%74.7%74.2%74.9%
EBITDA($22M)($67M)($38M)($51M)($38M)($55M)($61M)
EBITDA Margin-18.8%-49.5%-27.2%-35.1%-24.4%-31.6%-31.6%
EBIT($24M)($72M)($50M)($62M)($48M)($59M)($65M)
Net Income($24M)($71M)($42M)($56M)($44M)($11M)($2M)
Free Cash Flow($25M)($50M)($44M)($12M)($18M)
FCF Margin-21.6%-37.3%-32.1%-8.0%-11.5%
Short-Term Debt$0M$0M$0M$0M$3M
Long-Term Debt$0M$0M$0M$0M$0M
Cash & Cash Equivalents$255M$203M$160M$53M$20M
Net Debt($255M)($203M)($160M)($53M)($17M)
Net Debt / EBITDA
Rule of 40-19.0%-30.0%-3.1%-3.2%
Figures in $M. True calendar years (Jan–Dec) built from quarterly data — income & cash-flow lines summed across the four quarters, balance sheet as of year-end. E columns are calendarized analyst consensus — gross profit, cash flow and balance-sheet lines are not estimated. Net debt = short-term debt + long-term debt − cash & cash equivalents; Rule of 40 = YoY revenue growth + FCF margin.