Quarterly ResultMay 6, 2026, 07:22 AM
DISCO Q1 Revenue $41.9M, up 14%; Net Loss $9.6M
AI Summary
CS Disco, Inc. announced its first quarter 2026 financial results, reporting a 14% year-over-year increase in total revenue to $41.9 million. The company also saw an improvement in its GAAP net loss, which decreased to $9.6 million, and a 32% improvement in Adjusted EBITDA to $(3.5) million. DISCO also highlighted customer growth and the appointment of Toby Williams to its Board of Directors, while providing financial outlooks for the second quarter and full fiscal year 2026.
Key Highlights
- Total revenue was $41.9 million, a 14% increase year-over-year.
- Software revenue reached $34.7 million, up 12% compared to Q1 2025.
- GAAP net loss improved to $9.6 million from $11.4 million in Q1 2025.
- Adjusted EBITDA improved by 32% to $(3.5) million from $(5.1) million.
- Grew to 347 customers with revenue over $100,000, a 9% increase.
- Appointed Toby Williams, an AI SaaS veteran, to the Board of Directors.
- Forecasts Q2 2026 total revenue between $41.5 million and $43.5 million.
- Projects full-year 2026 total revenue between $169.25 million and $178.75 million.