CS Disco Inc (NYSE:LAW)

Q3 2025 CS Disco Inc Earnings Call Transcript

Nov 5, 2025 / 10:00 PM GMT

Release Date Price: $6.22 (+3.84%)

Transcript 10-Q8-K

Key Points

Positve

CS Disco Inc (LAW) reported a 17% year-over-year increase in software revenue, reaching $35.2 million.
The company achieved a total revenue of $40.9 million for Q3 2025, marking a 13% increase year-over-year.
CS Disco Inc (LAW) exceeded the high end of their guidance range for software revenue, total revenue, and adjusted EBITDA.
The company ended Q3 with $113.5 million in cash and short-term investments and no debt.
There was significant growth in the adoption of their generative AI capabilities, with the number of customers utilizing Cecilia AI more than tripling year-over-year.

Negative

Adjusted EBITDA for Q3 was negative $297,000, representing an adjusted EBITDA margin of 1%.
Operating cash flow for the first three quarters of 2025 was negative $15.7 million, compared to negative $10.8 million in the same period of the prior year.
The company has a small number of contingent cases, which can introduce revenue recognition uncertainties.
Despite improvements, the adjusted EBITDA margin decreased from 12% in Q3 of the prior year to 1% in Q3 2025.
Net loss for Q3 was $0.6 million, or 1% of revenue, compared to a net loss of $3.9 million, or negative 11% of revenue, in Q3 of the prior year.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

LAW.N - CS Disco Inc
Q3 2025 CS Disco Inc Earnings Call
Nov 05, 2025 / 10:00PM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, thank you for standing by and welcome to CS Disco's 3rd quarter of fiscal year 2025 conference call. At this time, all participants are in a listen-only mode. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer session. If you'd like to ask a question during this time, simply press star, followed by the number one on your telephone keypad. And if you'd like to withdraw your question, simply press 1 again. Thanks.

I would now like to turn the call over to your first speaker today, head of investor relations, Alexei Lakshakkov.

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Unidentified_2 [2]

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