CS Disco (LAW)
NYSE:LAW
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Earnings Data
Report Date
Aug 06, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.06Last Year’s EPS
-0.04Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong commercial and product momentum: double-digit revenue growth (14% total, 12% software), notable improvement in adjusted EBITDA margin (600 bps), successful early adoption of the DISCO platform and promising AI product rollouts (Cecilia Advanced Research, Auto Review). These positives were balanced by continuing GAAP losses, negative operating cash flow, and short-term variability risks as customers transition to bundled pricing and Auto Review remains partially service-based. Management raised full-year revenue guidance and reiterated a path to adjusted EBITDA profitability later in the year, indicating confidence in the business trajectory despite ongoing cash burn and near-term profitability gaps.Company Guidance
Revenue Growth and Guidance Beat
Total revenue of $41.9M, up 14% year-over-year; software revenue $34.7M, up 12% YoY; services revenue $7.2M, up 25% YoY. Company beat the high end of total revenue guidance for the quarter.
Improving Profitability Metrics
Adjusted EBITDA improved 32% to negative $3.5M with an adjusted EBITDA margin of -8% versus -14% in the prior year (600 basis point improvement). Net loss narrowed to $4.2M ( -10% of revenue) from $4.9M (-14% prior year); net loss per share $0.07 vs $0.08.
Strong Product and AI Momentum
Better-than-expected launch of the DISCO platform with early adoption; Cecilia Advanced Research in testing with select customers and positive feedback; growing adoption of Auto Review and AI-powered managed services driving demand and differentiation.
Increased Wallet Share with Large Customers
Number of customers generating >$100k in trailing 12 months rose to 347. Revenue from these customers totaled $124M, representing 77% of total revenue and grew 13% YoY — indicating deeper penetration of high-value accounts.
Growth in Large, Long-Lived Matters
Acceleration in net new multi-terabyte matters in Q1, bringing larger matters that typically generate more revenue, expand over time and lead to multiyear deals and increased committed revenue.
Solid Balance Sheet and Upgraded FY Guidance
Ended Q1 with $103M in cash and short-term investments and no debt. Raised fiscal year 2026 total revenue guidance to $169.25M–$178.75M and software guidance to $146M–$152.5M.
Operating Expense Efficiency (as % of Revenue)
Sales & marketing declined to 35% of revenue from 36% YoY; R&D to 31% from 33%; G&A to 21% from 23% — reflecting improved operating leverage on a percentage basis despite dollar increases.
LAW Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
LAW Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2026 | $4.63 | $3.72 | -19.65% |
Feb 25, 2026 | $3.26 | $2.76 | -15.34% |
Nov 05, 2025 | $6.22 | $6.82 | +9.65% |
Aug 06, 2025 | $4.13 | $4.39 | +6.30% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does CS Disco (LAW) report earnings?
CS Disco (LAW) is schdueled to report earning on Aug 06, 2026, After Close (Confirmed).
What is CS Disco (LAW) earnings time?
CS Disco (LAW) earnings time is at Aug 06, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LAW EPS forecast?
LAW EPS forecast for the fiscal quarter 2026 (Q2) is -0.06.