CS Disco, Inc.

LAWVertical SaaS

CS Disco brings modern software to law firms and legal teams.

Key figures

Data as of Jun 2026 · Pills compare vs Mar 2026

ARR Multiple

1.6x

+0.2x

ARR

$173M

+3.0%

YoY Growth

13.2%

-1.0pp

Market Cap

$271M

+10.6%

Revenue (Q)

$43M

+3.0%

Gross Margin

74.4%

+0.2pp

Op. Margin

-21.4%

+2.9pp

Rule of 40

-8.1

+1.9

Magic Number

0.31

+0.12

Revenue, margins & ratios from SEC filings; market cap & ARR multiple from market data. Market cap & ARR multiple use the close of 2 Oct 2026; their pills compare vs the Jun 2026 quarter-end (1.4x).

Valuation by quarter

Current ARR Multiple: 1.4x· Forward at Q3 FY2026 guidance: 1.4x

Calculated valuation

FRAMEWORK EST.

Valuation data is not available for this company.

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Levers ranked by valuation impact

No recommendations for this company.

AI Replacement RiskMODERATE

17/ 100

LowModerateElevatedHigh

Estimated likelihood that general-purpose AI replaces this product.

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Why this rating

From the AI Risk Calculator model

Structural moats (regulation, integration depth, or proprietary data) make AI-only replacement unlikely in the near term.

What's driving the score

Workflow automationCategory baseline

mid base

Workflow complexity5/5

-12 risk

Data moat3/5

-1 risk

Integration depthMedium

-4 risk

SegmentEnterprise

-8 risk

IndustryLegal

-8 risk

Own AI integration3/5

-1.6 risk

Company overview

CS Disco brings modern software to law firms and legal teams. Kiwi Camara founded the company in 2013 in Austin, Texas. It went public in 2021 and trades under the fitting ticker LAW.

Its main product tackles ediscovery. When a lawsuit hits, both sides must dig through mountains of documents. Emails, files, chat logs, and more. Lawyers hunt for the few messages that matter. Old tools made this slow and painful. Disco makes it faster.

Its cloud platform lets legal teams load huge document sets, search them quickly, and tag what is relevant. Its AI, named Cecilia, helps by finding key documents and even drafting summaries. What once took weeks of paralegal time can shrink to days.

Picture a company facing a big lawsuit with two million documents in play. Reviewing them by hand would cost a fortune. Disco helps the legal team surface the important few and cut the review pile down to size.

The company also offers tools for case management and legal holds. Its customers include law firms and corporate legal departments.

Revenue runs around $150 million a year. Growth cooled after the IPO, and the company has focused on efficiency and its AI roadmap. Disco is a bet that the legal world, slow to change, will finally embrace cloud software and AI.