Business
DISCO Announces First Quarter 2025 Financial Results
AUSTIN, Texas, May 07, 2025--CS Disco, Inc. ("DISCO") (NYSE: LAW) today announced financial results for its first quarter ended March 31, 2025.
About this update from Cs Disco, Inc.
[{"type":"text","content":"Total Revenue of $36.7 Million, A Year over Year Increase of 3%","length":63,"tagName":"p","attribs":{}},{"type":"text","content":"AUSTIN, Texas, May 07, 2025--(BUSINESS WIRE)--CS Disco, Inc. ("DISCO") (NYSE: LAW) today announced financial results for its first quarter ended March 31, 2025.","length":170,"tagName":"p"},{"type":"text","content":""At DISCO, we are shaping the future of litigation and believe our industry-leading platform equips legal teams with tools not previously available to the legal world," said Eric Friedrichsen, DISCO Chief Executive Officer. "We are enabling customers to tackle the most complex, high-stakes matters with confidence. Together with our dynamic product platform and expert services team, we are showing our customers that we are ‘with you in every case’."","length":472,"tagName":"p"},{"type":"text","content":"First Quarter 2025 Financial Highlights:","length":40,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Software revenue was $30.9 million, up 3% compared to the first quarter of 2024.","length":80,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Total revenue was $36.7 million, up 3% compared to the first quarter of 2024.","length":77,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"GAAP net loss was $11.4 million, compared to $10.6 million in the first quarter of 2024.","length":88,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Adjusted EBITDA was $(5.1) million, compared to $(5.2) million in the first quarter of 2024.","length":92,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":337,"olType":false},{"type":"text","content":"Recent Business Highlights:","length":27,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Product Awards: DISCO was named a G2 2025 award winner in the "Best Legal Software Products" category.","length":112,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Director Appointment: DISCO welcomed Tom Bogan to the Board of Directors in March 2025, bringing extensive experience in executive leadership and in developing and scaling global software and SaaS platforms.","length":207,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"New Product Features: DISCO introduced several new capabiliti...