NYSE$LAW

CS Disco Inc · Q3 2025 earnings

Q3 2025 earnings · · After market close · Investor relations

Briefing

CS Disco reported Q3 2025 revenue of $40.9M, a net loss of $13.7M, diluted EPS of $-0.22.

For Q3 2025, CS Disco reported Revenue was $40.9M, net loss was $13.7M, diluted EPS was $-0.22. The filing discusses operating performance, liquidity, and outlook in MD&A.

  • Revenue $40.9M for Q3 2025.
  • Net loss $13.7M.
  • Diluted EPS $-0.22.

Headline financials

Total Revenue

$40.9M

Previous: $36.3M+12.8%
EPS (adj)

-$0.22

Previous: -$0.15-46.7%
Adjusted EBITDA

-$297K

Previous: -$4.5M+93.4%
Adjusted EBITDA Margin

-1.0%

Previous: -12.0%+91.7%
Non-GAAP Gross Profit

$31.5M

Previous: $27M+16.6%
Non-GAAP Gross Margin

77.0%

Previous: 74.0%+4.1%
Non-GAAP R&D

$11.5M

Previous: $11.1M+3.5%
Non-GAAP R&D % of Revenue

28.0%

Previous: 31.0%-9.7%
Non-GAAP S&M

$13.6M

Previous: $13.8M-1.2%
Non-GAAP S&M % of Revenue

33.0%

Previous: 38.0%-13.2%
Non-GAAP G&A

$7.75M

Previous: $7.72M+0.4%
Non-GAAP G&A % of Revenue

19.0%

Previous: 21.0%-9.5%
Non-GAAP Operating Loss

-$1.35M

Previous: -$5.59M+75.9%
Non-GAAP Operating Margin

-3.0%

Previous: -15.0%+80.0%
Capital Expenditures

-$2.55M

Previous: -$2.22M-14.5%
Net Income

-$13.7M

Previous: -$9.16M-49.2%
Operating Income

-$14.5M

Previous: -$10.9M-33.0%
Gross Profit

$30.9M

Previous: $26.5M+16.5%

Revenue & EPS history

CS Disco · Revenue · Quarterly

$40.9M

Q3 2025+12.8%vs Q3 2024
Beat estimate in 10 of 13 quarters(77%)
ActualEstimate

Forward guidance

Outlook focuses on cash runway, pipeline milestones, and cost discipline toward profitability.

Tailwinds

  • Cash and equivalents support operations into upcoming milestones.
  • Collaboration, licensing, or product pipeline progress noted in MD&A.

Headwinds

  • Ongoing operating losses and R&D spend pressure near-term earnings.
  • Financing, dilution, or partnership timing may affect liquidity.

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 Q3 2025

Historical avgQ3 2025

+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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