The earnings call highlighted several positive developments, including significant growth in software revenue and customer base, successful customer engagements, and the introduction of innovative AI capabilities. However, the company also faced challenges such as a negative EBITDA margin, ongoing operating losses, softness in the review business, and negative cash flow. The upcoming CFO transition adds an additional layer of uncertainty.

Company Guidance -

Q3 2025

During CS DISCO's Second Quarter Fiscal Year 2025 Conference Call, the company reported a software revenue of $32.7 million, reflecting a 12% year-over-year increase, and a total revenue of $38.1 million, a 6% year-over-year rise. The adjusted EBITDA for the quarter was negative $2.7 million, showing a $2 million improvement compared to Q2 2024. The company ended the quarter with $114.5 million in cash and short-term investments and no debt. Additionally, 323 customers contributed over $100,000 in total revenue in the last 12 months, marking a 6% increase year-over-year. DISCO's strategic focus on larger Ediscovery matters and customers with larger wallets has started to yield positive outcomes, including an increase in multi-terabyte matters and the adoption of their AI offerings, such as Cecilia and Auto Review. The company also detailed its plans for future growth, targeting a breakeven adjusted EBITDA by Q4 2026, with continued investments in customer success and sales enablement.

Software Revenue Growth

Software revenue in Q2 was $32.7 million, up 12% year-over-year.

Total Revenue Growth

Total revenue in Q2 was $38.1 million, up 6% year-over-year.

Expansion of Customer Base

Ended Q2 with 323 customers contributing more than $100,000 in total revenue over the last 12 months, up 6% year-over-year.

AI Product Adoption

150% growth in multi-terabyte matters leveraging Cecilia in the first half of the year.

Successful Customer Solutions

Resolved a complex 10-terabyte data issue for a full-service law firm, showcasing DISCO's capabilities.

Introduction of New Capabilities

Brought DISCO Auto Review capabilities to the EU and U.K. markets, offering document review rate of up to 32,000 documents per hour with precision and recall metrics exceeding 90%.

Improved Gross Margin

Gross margin in Q2 was 76%.

Raised Guidance

Raised fiscal year 2025 guidance for total revenue, software revenue, and adjusted EBITDA.

CS Disco (LAW) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

LAW Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 06, 2025	2025 (Q3)	-0.07 / -	-0.06	―	―	―
Aug 06, 2025	2025 (Q2)	-0.07 / -0.04	-0.07	42.86% (+0.03)
May 07, 2025	2025 (Q1)	-0.11 / -0.08	-0.08	0.00% (0.00)	―
Feb 20, 2025	2024 (Q4)	-0.11 / -0.07	-0.01	-600.00% (-0.06)	―
Nov 06, 2024	2024 (Q3)	-0.09 / -0.06	-0.06	0.00% (0.00)	―
Aug 08, 2024	2024 (Q2)	-0.09 / -0.07	-0.11	36.36% (+0.04)	―
May 09, 2024	2024 (Q1)	-0.11 / -0.08	-0.2	60.00% (+0.12)	―
Feb 22, 2024	2023 (Q4)	-0.10 / -0.01	-0.18	94.44% (+0.17)	―
Nov 09, 2023	2023 (Q3)	-0.10 / -0.06	-0.24	75.00% (+0.18)	―
Aug 09, 2023	2023 (Q2)	-0.20 / -0.11	-0.23	52.17% (+0.12)	―

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
Aug 06, 2025	$4.13	$4.39	+6.30%
May 07, 2025	$3.63	$3.99	+9.92%
Feb 20, 2025	$5.00	$5.25	+5.00%
Nov 06, 2024	$6.37	$6.03	-5.34%

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 Nov 06, 2025, After Close (Confirmed).

What is CS Disco (LAW) earnings time?

CS Disco (LAW) earnings time is at Nov 06, 2025, 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 2025 (Q3) is -0.07.

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