CS Disco LLC
NYSE: LAW · TECHNOLOGY · SOFTWARE - APPLICATION
Updated 2026-06-03
CS Disco LLC (LAW) Financial statements
SEC filings — annual and quarterly data.
Cash flow — annual
| Item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | $-27.30M | $-22.71M | $-21.64M | $-46.01M | $-25.53M | $-8.75M | $-14.94M |
| Capital expenditures | $3.33M | $1.90M | $3.11M | $4.38M | $18.86M | $2.78M | $3.05M |
| Depreciation | $803000.00 | $1.62M | $1.67M | $2.97M | $4.16M | $3.93M | — |
| Stock-based comp | $4.12M | $1.99M | $5.60M | $21.74M | $16.16M | $22.27M | $24.46M |
| Free cash flow | $-30.62M | $-24.62M | $-24.75M | $-50.39M | $-44.39M | $-11.53M | $-17.99M |
| Investing cash flow | $-3.33M | $-1.90M | $-3.11M | $-9.69M | $-20.04M | $-78.03M | — |
| Financing cash flow | $44.10M | $59.96M | $221.66M | $3.47M | $1.87M | $-20.00M | — |
| Dividends paid | — | $60.38M | — | $3.77M | $2.00M | — | — |
| Share repurchases | — | — | — | — | — | — | — |
| Debt repayment | — | — | — | — | — | — | — |
| Net change in cash | — | — | $196.91M | $-52.23M | — | — | — |
Frequently asked questions
What is CS Disco LLC's revenue?
CS Disco LLC's trailing twelve-month revenue is $162.08M. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is LAW?
In its most recent fiscal year, LAW ran a gross margin of 74.86%, an operating margin of -30.68%, and a net margin of -28.29%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does LAW generate?
LAW produced $-17.99M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is LAW's balance sheet healthy?
LAW holds $19.66M in cash and equivalents against — in long-term debt, on $128.11M of shareholder equity. That debt is best read against the cash flow the business throws off each year.