CS Disco Q1 revenue beats estimates on platform adoption

CS Disco

06/05/2026 12:41

Overview

Litigation tech platform's Q1 revenue rose 14% yr/yr, beating analyst expectations

Company's net loss narrowed to $9.6 mln from $11.4 mln a year earlier

Adjusted EBITDA loss improved 32% yr/yr as customer base and platform adoption grew

Outlook

CS Disco sees Q2 total revenue of $41.5 mln to $43.5 mln

Company expects Q2 adjusted EBITDA between $(4.5) mln and $(2.5) mln

CS Disco forecasts full-year total revenue of $169.25 mln to $178.75 mln

Result Drivers

PLATFORM ADOPTION - Co said revenue growth was driven by enthusiastic customer reception to its new all-inclusive DISCO platform and advanced AI features

LARGE CUSTOMER GROWTH - Number of customers with over $100,000 in revenue rose 9% yr/yr

Company press release: ID:nBwnY3F7a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$41.88 mln
$40.28 mln (3 Analysts)
Q1 EPS
-$0.15
Q1 Net Income
-$9.62 mln
Q1 Gross Profit
$31.08 mln
Q1 Operating Expenses
$41.18 mln
Q1 Operating Income
-$10.09 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the software peer group is "buy"

Wall Street's median 12-month price target for CS Disco Inc is $6.00, about 29.6% above its May 5 closing price of $4.63

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)