Cs Disco, Inc. ( (LAW) ) has released its Q3 earnings. Here is a breakdown of the information Cs Disco, Inc. presented to its investors.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
CS Disco, Inc., a leading provider of cloud-native litigation technology solutions, leverages AI to enhance legal outcomes for law firms and corporations. In its third quarter of 2025, DISCO reported a total revenue of $40.9 million, marking a 13% increase from the previous year, driven by a significant rise in software revenue. Despite this growth, the company recorded a GAAP net loss of $13.7 million, though it showed improvement in adjusted EBITDA, which stood at a loss of $0.3 million compared to a $4.5 million loss in the same quarter last year.
Key financial highlights include a 17% year-over-year increase in software revenue, reaching $35.2 million. The company also announced a strategic partnership with Mourant, enhancing its eDiscovery capabilities, and reported a 300% increase in the adoption of its Cecilia AI Platform. Additionally, DISCO completed its first auto review project in the UK, showcasing its expanding international footprint.
Looking ahead, DISCO projects its fourth-quarter software revenue to range between $33.75 million and $34.75 million, with total revenue expected between $38.75 million and $40.75 million. For the full fiscal year 2025, the company anticipates software revenue between $132.6 million and $133.6 million, and total revenue between $154.4 million and $156.4 million.
As DISCO continues to innovate and expand its offerings, the company remains optimistic about its future growth prospects, despite the challenges posed by its current financial losses. The management is focused on leveraging its strategic partnerships and advanced AI tools to strengthen its market position and drive long-term success.