Slide 1: Investor Presentation Q4 FY25
INVESTOR PRESENTATION Q4 FY25
Slide 2: Disclaimer
Disclaimer Forward-Looking Statements This presentation contains forward-looking statements, including, among other things, statements regarding our future financial performance and our strategies and business initiatives. Words such as “may,” “should,” “will,” “believe,” “expect,” “anticipate,” “tar
Slide 3: Q4 2025 Key Financials
Q4 2025 Key Financials $41.2m 11% $35.1m 14% Total Revenue Total Revenue Software Revenue Software Revenue Growth Growth 77% (5%) 330 Non-GAAP Adjusted EBITDA $100,000+ Gross Margin Margin LTM Total Revenue Customers Note: Please refer to the Appendix for GAAP to Non-GAAP Reconciliation. 3
Slide 4: The litigation process is long and complex
The litigation process is long and complex Review millions of documents Trial / Lawsuit Settlements filed Produce Create documents to Notify timeline Summary employees the other side of events Judgment Start looking More fact Preserve through data Depositions data investigation Collect data Build cas
Slide 5: The increasing volume and variety of discoverable data
The increasing volume and variety of discoverable data are driving up both the time and cost of litigation 22 Zb of productivity data 60% 64% generated in 2024, Increase in litigation Increase in litigation projected to grow to over time-to-close due spend3 per year4 to $360bn+ 146 Zb in 2029, a 46%
Slide 6: Discovery alone accounts for >50% of litigation costs
Discovery alone accounts for 1 >50% of litigation costs Review millions Trial / Lawsuit of documents Settlements filed Produce Create documents to Summary Notify timeline employees the other side Judgment of events Start looking More fact Preserve through data Depositions data investigation Collect d
Slide 7: Law firms are managing evolving industry and client pressure
Law firms are managing evolving industry and client pressure INDUSTRY PRESSURE CLIENT PRESSURE Data Volume Faster and Better Case Complexity Lower Cost Case Duration Stronger Security and Compliance Tech Differentiation 7
Slide 8: DISCO provides litigation solutions for the most complex legal matters
DISCO provides litigation solutions for the most complex legal matters DISCO enables top law firms and corporations to take on the biggest cases. We streamline everything from fact investigation to document review — with an AI-powered technology platform. 8
Slide 9: The DISCO difference
The DISCO difference Technology that changes the way lawyers work with evidence Intuitive technology With DISCO, I’m closer to the Get deeper visibility into case facts with intuitive documents than ever before. I can platform designed for legal professionals of all skill levels explore my case theo
Slide 10: DISCO supports lawyers in every stage of the case
DISCO supports lawyers in every stage of the case Early Risk Initial Dispute Legal Hold Discovery Trial Assessment DISCO Request DISCO Hold DISCO Platform • Ediscovery • Cecilia AI • Timelines • Deposition Management DISCO Auto Review DISCO Desk 24/7 support DISCO Professional Services Managed Revie
Slide 11: DISCO Ediscovery
DISCO Ediscovery Enterprise-grade platform to support the largest, most sensitive litigation matters Designed top to bottom for the lawyer’s workflow 10+ years of AI research, including cutting-edge gen AI technology Evidence With, DISCO DISCO pinpoints is scattered prioritize what that crucial every
Slide 12: DISCO AI has the power to disrupt traditional document review
DISCO AI has the power to disrupt the traditional, manual forms of document review Ask complex questions, unearth Review millions of documents at insights into case data, test theories, unprecedented speeds and get back answers with citations to Up to 32,000 documents per documents in under 5 second
Slide 13: DISCO Growth Strategy
DISCO Growth Strategy Expand wallet share with existing law firms and corporations Increase the number of large, multi-terabyte matters Grow commitment of volume from customers Reaccelerate growth while focusing on sales and marketing efficiency Continue to offer reliable, secure, performant and innov
Slide 14: Historical quarterly revenue and growth
Historical quarterly revenue and growth Services Software Y/Y Growth Total 10% 7% 5% 4% 4% 3% 6% 13% 11% Software 5% 9% 8% 6% 5% 3% 12% 17% 14% Services 37% 2% (7%) (7%) (4%) 2% (20%) (7%) (3%) Note: $ in millions. 14
Slide 15: Historical non-GAAP gross margin
Historical non-GAAP gross margin Note: Please refer to the Appendix for GAAP to Non-GAAP Reconciliation. 15
Slide 16: Historical non-GAAP operating expense
Historical non-GAAP operating expense General and Administrative Sales and Marketing Research and Development Non-GAAP Operating 82% 94% 92% 90% 89% 92% 86% 80% 84% Expense as % of Total Revenue Note: $ in millions. Please refer to the Appendix for GAAP to Non-GAAP Reconciliation. 16
Slide 17: Historical non-GAAP adjusted EBITDA and margin
Historical non-GAAP adjusted EBITDA and margin Adjusted EBITDA as % of (3%) (15%) (13%) (12%) (12%) (14%) (7%) (1%) (5%) Total Revenue Note: $ in millions. Please refer to the Appendix for GAAP to Non-GAAP Reconciliation. 17
Slide 18: Appendix
on Appendix
Slide 19: GAAP to Non-GAAP Reconciliation: Gross Profit
GAAP to Non-GAAP Reconciliation: Gross Profit Note: $ in millions. 19
Slide 20: GAAP to Non-GAAP Reconciliation: OpEx
GAAP to Non-GAAP Reconciliation: OpEx Note: $ in millions. 20
Slide 21: GAAP to Non-GAAP Reconciliation: Adjusted EBITDA
GAAP to Non-GAAP Reconciliation: Adjusted EBITDA Note: $ in millions. 21
Slide 22: Thank You
ome ,aenene. meonene. om eomens | enenen nooe emDISCO THANK YOU