NYSE$LAW

CS Disco Inc · Q1 2026 earnings

Q1 2026 earnings · · Investor relations

Briefing

CS Disco reported Q1 2026 total revenue of $41.9M and a net loss attributable to common stockholders of $9.6M, or $(0.15) per share.

For the quarter ended March 31, 2026, CS Disco (LAW) reported total revenue of $41.9 million, up 14% from $36.7 million a year ago, as new customers offset usage declines at some accounts. Net loss attributable to common stockholders was $9.6 million, or $(0.15) per share, improved from an $11.4 million loss and $(0.19) in Q1 2025.

  • Total revenue $41.9M (+14% YoY).
  • Net loss $(9.6)M; EPS $(0.15).
  • AI-powered legal technology adoption in focus.
  • Gross margin pressure from cloud delivery costs.

Headline financials

Total Revenue

$41.9M

Previous: $36.7M+14.3%
EPS (adj)

-$0.15

Previous: -$0.19+21.1%
Capital Expenditures

-$700K

Previous: -$525K-33.3%
Net Income

-$9.62M

Previous: -$11.4M+15.6%
Operating Income

-$10.1M

Previous: -$12.6M+20.0%
Gross Profit

$31.1M

Previous: $27.2M+14.5%

Revenue & EPS history

CS Disco · Revenue · Quarterly

$41.9M

Q1 2026+14.3%vs Q1 2025
Beat estimate in 10 of 13 quarters(77%)
ActualEstimate

Forward guidance

Enterprise legal spend and AI product attach rates determine path to profitability; no EPS guide provided.

Tailwinds

  • Revenue growth returned.
  • Loss narrowed year over year.

Headwinds

  • Still unprofitable with high S&M.
  • Customer usage variability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2026

Historical avgQ1 2026

+0.3%

Avg return

Earnings day

+1.8%

Avg return

5 days after

-6.5%

Avg return

30 days after

48%

11 / 23 earnings

Positive

+29.5%

Q3 2022

Best reaction

-53.1%

Q2 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-19.7%-20.3%-18.6%
Q4 2025-15.4%+8.0%+12.9%
Q3 2025+9.6%+14.0%+19.9%
Q1 2025+9.9%+11.6%+22.6%
Q4 2024+5.0%+0.4%-10.6%
Q3 2024-0.5%-1.5%-0.8%
Q2 2024-2.2%+0.4%-3.2%
Q1 2024-14.8%-14.0%-26.2%
Q4 2023-4.5%-6.7%+7.4%
Q3 2023-2.9%-7.4%+13.3%
Q2 2023+21.7%+12.5%+8.5%
Q1 2023-2.2%+2.0%+36.1%
Q4 2022-27.6%-23.1%-32.1%
Q3 2022+29.5%+26.4%-13.8%
Q2 2022-53.1%-49.5%-50.8%
Q1 2022+27.3%+21.2%-7.0%
Q4 2021+16.3%+22.3%+10.6%
Q3 2020-11.1%-5.4%-29.5%
Q3 2021-6.4%-9.8%-28.2%
Q2 2020+12.6%+12.8%-16.3%
Q1 2021+12.6%+12.8%-16.3%
Q4 2020+12.6%+12.8%-16.3%
Q2 2021+9.5%+21.0%-10.1%
Q1 2020

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