Quarterly ResultMay 6, 2026, 09:12 AM
CS Disco Q1 Revenue +14.3% to $41.9M; Net Loss Narrows to $9.6M
AI Summary
CS Disco, Inc. reported a 14.3% increase in revenue to $41.9 million for the first quarter of 2026, up from $36.7 million in the prior year. The company significantly narrowed its net loss to $9.6 million, an improvement from a $11.4 million loss in Q1 2025, with diluted net loss per share improving to $(0.15). While cash used in operating activities increased, net cash from investing activities turned positive, providing $9.6 million.
Key Highlights
- Q1 2026 revenue increased 14.3% to $41.9 million, up from $36.7 million year-over-year.
- Net loss narrowed to $9.6 million in Q1 2026, an improvement from $11.4 million loss.
- Diluted net loss per share improved to $(0.15) from $(0.19) in the prior year quarter.
- Gross profit rose 14.5% to $31.1 million in Q1 2026, compared to $27.2 million.
- Net cash provided by investing activities was $9.6 million, reversing a $7.7 million use.
- Cash and cash equivalents decreased to $17.6 million from $19.7 million sequentially.
- Usage-based revenue accounted for 91% of total revenue in Q1 2026.
Price Impact
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