CS Disco posts $9.6M Q1 loss on $41.9M revenue, guides full-year $169.3M-$178.8M
CS Disco reported a Q1 net loss of $9.6M, or $0.15 per share, on $41.9M revenue, with adjusted loss of $0.07 per share. The company guided Q2 revenue of $41.5M-$43.5M and full-year revenue of $169.3M-$178.8M.
1. First Quarter Financial Performance
CS Disco posted a net loss of $9.6 million in Q1, translating to a GAAP loss of $0.15 per share and an adjusted loss of $0.07 per share. Revenue reached $41.9 million, reflecting continued top-line growth for its AI-driven legal software.
2. Revenue Guidance for Q2 and Full Year
The company forecast Q2 revenue between $41.5 million and $43.5 million and raised full-year revenue expectations to a range of $169.3 million to $178.8 million, signaling confidence in its growth trajectory.
3. Growth Drivers and Liquidity
CS Disco continues to leverage its AI-powered legal software to drive customer adoption and revenue expansion, while maintaining a strong balance sheet with a current ratio of 4.19 to support ongoing investment and operational needs.