LAW
CS Disco, Inc.
NYSEUSDEQUITY
Technology
DELAYED
Neutral
-11/100
Last price
4.20
▲ 0.02 (0.48%)
MARKET · —
Price
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Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
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Open
4.21
Prev close
4.18
Day high
4.25
Day low
4.18
Volume
66.34K
Market cap
$269.36M
P/E (TTM)
—
52W range
2.45 – 9.11
Day trading desk
Gap from prior close
+0.72%
Prior close 4.18
VWAP
4.21
-0.14% from price
Relative volume
0.48×
Quiet session
Session range
1.67%
4.18 – 4.25
Position in range
29%
Near session low
ATR (14D)
0.16
3.70% of price
Prior day high
4.28
PDH
Prior day low
4.11
PDL
Bid / ask spread
—
Quote not published
Session volume
105.06K
Avg 217.23K
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
+2.94%
+1.0%
1M
-0.94%
-2.1%
3M
+8.81%
+4.3%
6M
+15.38%
-2.8%
YTD
-45.88%
-60.1%
1Y
-34.38%
-50.8%
3Y
-36.75%
-119.0%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on LAW open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
+342.36K
Net buying
Buy transactions
10
405.24K shares
Sell transactions
8
62.88K shares
Net transactions
+18
Buys less sells
Sell : buy shares
0.2 : 1
Mixed
Insider-held shares
15.12M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Aug 17, 26 | HERCKIS KAREN Officer |
SELL | 8.49K | $35.48K | Direct |
| Aug 17, 26 | ANTOON MELANIE Officer |
SELL | 8.51K | $35.59K | Direct |
| Aug 17, 26 | CRUM RICHARD FRANCIS Chief Technology Officer |
SELL | 7.43K | $31.04K | Direct |
| Aug 17, 26 | GARCIA SUSAN General Counsel |
SELL | 6.84K | $28.59K | Direct |
| Aug 10, 26 | FRIEDRICHSEN ERIC Chief Executive Officer |
BUY | 7.50K | $31.95K | Direct |
| Jul 21, 26 | MINTZ ANDRE Director |
STOCK | 74.44K | $0 | Direct |
| Jun 10, 26 | HILL SCOTT A Director |
STOCK | 41.10K | $0 | Direct |
| Jun 10, 26 | SRINIVASAN KRISHNA Director |
STOCK | 41.10K | $0 | Direct |
| Jun 10, 26 | GOODMAN ROBERT P Director |
STOCK | 41.10K | $0 | Direct |
| Jun 10, 26 | OFFERDAHL JAMES R Director |
STOCK | 41.10K | $0 | Direct |
| Jun 10, 26 | BOGAN THOMAS F Director |
STOCK | 41.10K | $0 | Direct |
| Jun 10, 26 | BLOUNT SUSAN L Director |
STOCK | 41.10K | $0 | Direct |
| May 18, 26 | HERCKIS KAREN Officer |
SELL | 8.56K | $30.91K | Direct |
| May 18, 26 | ANTOON MELANIE Officer |
SELL | 8.59K | $31.01K | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
ANTOON MELANIE |
Officer | 267.51K | Sale |
BARFOOT AARON JOSEPH |
Chief Financial Officer | 246.61K | Stock Award(Grant) |
BOGAN THOMAS F |
Director | 212.19K | Stock Award(Grant) |
CRUM RICHARD FRANCIS |
Chief Technology Officer | 335.18K | Sale |
FRIEDRICHSEN ERIC |
Chief Executive Officer | 1.48M | Purchase |
GOODMAN ROBERT P |
Director | 1.12M | Stock Award(Grant) |
HILL SCOTT A |
Director | 314.33K | Stock Award(Grant) |
LAFAIR MICHAEL S. |
Chief Financial Officer | 802.59K | Sale |
OFFERDAHL JAMES R |
Director | 264.75K | Stock Award(Grant) |
SRINIVASAN KRISHNA |
Director | 7.97M | Stock Award(Grant) |
Fundamentals
Market cap$269.36M
Enterprise value$176.93M
Revenue (TTM)$167.12M
Gross profit$125.05M
EBITDA$-34.69M
Net income$-40.44M
EPS (TTM)$-0.65
Free cash flow$4.46M
Total cash$101.39M
Total debt$5.66M
Book value / share$1.85
Shares outstanding64.13M
Float28.03M
Short % of float4.92%
Dividend yield0.00%
Beta (5Y)1.91
Valuation & profitability ratios
Trailing P/E—
Forward P/E-126.01
PEG ratio—
Price / sales—
Price / book2.27
EV / revenue1.06
EV / EBITDA-5.10
Gross margin74.83%
Operating margin-21.36%
Profit margin-24.20%
Return on equity-31.34%
Return on assets-13.79%
Debt / equity4.71
Current ratio3.77
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $156.85M | $144.84M | $138.09M | $135.19M | +8.3% |
| Operating revenue | $156.85M | $144.84M | $138.09M | $135.19M | +8.3% |
| Cost of revenue | $39.42M | $37.41M | $34.95M | $34.16M | +5.4% |
| Gross profit | $117.42M | $107.43M | $103.14M | $101.03M | +9.3% |
| Research & development | $56.60M | $51.51M | $51.62M | $59.26M | +9.9% |
| Selling, general & admin | $108.95M | $102.43M | $101.36M | $113.58M | +6.4% |
| Total operating expense | $165.55M | $153.94M | $152.99M | $172.84M | +7.5% |
| Operating income | -$48.12M | -$46.51M | -$49.84M | -$71.81M | -3.5% |
| Net interest income | $4.50M | $6.28M | $8.14M | $1.23M | -28.4% |
| Pre-tax income | -$43.63M | -$55.44M | -$41.71M | -$70.58M | +21.3% |
| Tax provision | $743.00K | $332.00K | $443.00K | $186.00K | +123.8% |
| Net income | -$44.37M | -$55.77M | -$42.15M | -$70.77M | +20.4% |
| Net income to common | -$44.37M | -$55.77M | -$42.15M | -$70.77M | +20.4% |
| Basic EPS | -0.72 | -0.93 | -0.70 | -1.20 | +22.6% |
| Diluted EPS | -0.72 | -0.93 | -0.70 | -1.20 | +22.6% |
| EBIT | -$48.12M | -$46.51M | -$41.54M | -$70.11M | -3.5% |
| EBITDA | -$44.47M | -$42.58M | -$37.38M | -$67.13M | -4.4% |
| Basic shares | 61.72M | 60.21M | 60.14M | 58.75M | +2.5% |
| Diluted shares | 61.72M | 60.21M | 60.14M | 58.75M | +2.5% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $19.66M | $52.77M | $159.55M | $203.24M | -62.8% |
| Cash & short-term investments | $114.60M | $129.13M | $159.55M | $203.24M | -11.3% |
| Accounts receivable | $25.62M | $23.12M | $26.99M | $22.72M | +10.8% |
| Total current assets | $152.99M | $156.94M | $192.34M | $231.54M | -2.5% |
| Property, plant & equipment | $13.70M | $16.27M | $17.81M | $17.33M | -15.8% |
| Goodwill & intangibles | $6.10M | $6.30M | $20.58M | $6.86M | -3.1% |
| Total assets | $173.64M | $180.32M | $231.55M | $256.32M | -3.7% |
| Total current liabilities | $40.43M | $25.69M | $23.12M | $22.77M | +57.3% |
| Total debt | $6.97M | $9.30M | $9.16M | $10.91M | -25.1% |
| Total liabilities | $45.53M | $32.81M | $31.21M | $32.69M | +38.8% |
| Retained earnings | -$341.80M | -$297.43M | -$240.38M | -$198.23M | -14.9% |
| Shareholder equity | $128.11M | $147.51M | $200.34M | $223.64M | -13.2% |
| Working capital | $112.57M | $131.24M | $169.22M | $208.77M | -14.2% |
| Net tangible assets | $122.00M | $141.22M | $179.76M | $216.78M | -13.6% |
| Shares issued | 63.26M | 60.33M | 61.01M | 59.19M | +4.9% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | -$44.37M | -$55.77M | -$42.15M | -$70.77M | +20.4% |
| Depreciation & amortisation | $3.66M | $3.93M | $4.16M | $2.97M | -6.8% |
| Stock-based compensation | $24.46M | $22.27M | $16.16M | $21.74M | +9.9% |
| Change in working capital | $798.00K | $2.45M | -$8.35M | -$4.37M | -67.4% |
| Operating cash flow | -$14.94M | -$8.75M | -$25.53M | -$46.01M | -70.7% |
| Capital expenditure | -$3.05M | -$2.78M | -$18.86M | -$4.38M | -9.8% |
| Investing cash flow | -$18.20M | -$78.03M | -$20.04M | -$9.69M | +76.7% |
| Share buybacks | -$105.00K | -$20.18M | -$89.00K | -$548.00K | +99.5% |
| Financing cash flow | $16.00K | -$20.00M | $1.87M | $3.47M | +100.1% |
| Free cash flow | -$17.99M | -$11.53M | -$44.39M | -$50.39M | -56.0% |
| End cash position | $19.66M | $52.77M | $159.55M | $203.24M | -62.8% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $43.15M | $41.88M | $41.17M | $40.92M | $38.11M | +3.0% |
| Operating revenue | $43.15M | $41.88M | $41.17M | $40.92M | $38.11M | +3.0% |
| Cost of revenue | $11.03M | $10.80M | $10.23M | $10.01M | $9.68M | +2.2% |
| Gross profit | $32.11M | $31.08M | $30.94M | $30.91M | $28.42M | +3.3% |
| Research & development | $14.93M | $14.70M | $14.95M | $13.42M | $13.97M | +1.6% |
| Selling, general & admin | $26.40M | $26.48M | $25.23M | $31.95M | $26.27M | -0.3% |
| Total operating expense | $41.33M | $41.18M | $40.18M | $45.37M | $40.23M | +0.4% |
| Operating income | -$9.22M | -$10.09M | -$9.24M | -$14.46M | -$11.81M | +8.7% |
| Net interest income | $693.00K | $616.00K | $996.00K | $937.00K | $1.21M | +12.5% |
| Pre-tax income | -$8.52M | -$9.48M | -$8.25M | -$13.53M | -$10.60M | +10.1% |
| Tax provision | $135.00K | $141.00K | $256.00K | $140.00K | $210.00K | -4.3% |
| Net income | -$8.66M | -$9.62M | -$8.50M | -$13.66M | -$10.81M | +10.0% |
| Net income to common | -$8.66M | -$9.62M | -$8.50M | -$13.66M | -$10.81M | +10.0% |
| Basic EPS | -0.13 | -0.15 | -0.13 | -0.22 | -0.18 | +13.3% |
| Diluted EPS | -0.13 | -0.15 | -0.13 | -0.22 | -0.18 | +13.3% |
| EBIT | -$9.22M | -$10.09M | -$9.24M | -$14.46M | -$11.81M | +8.7% |
| EBITDA | -$8.62M | -$9.12M | -$8.31M | -$13.56M | -$10.91M | +5.4% |
| Basic shares | 64.49M | 63.67M | 62.87M | 62.09M | 61.24M | +1.3% |
| Diluted shares | 64.49M | 63.67M | 62.87M | 62.09M | 61.24M | +1.3% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $10.89M | $17.65M | $19.66M | $28.80M | $21.67M | -38.3% |
| Cash & short-term investments | $101.39M | $103.04M | $114.60M | $113.49M | $114.49M | -1.6% |
| Accounts receivable | $27.95M | $26.82M | $25.62M | $24.23M | $23.86M | +4.2% |
| Total current assets | $141.58M | $142.52M | $152.99M | $153.06M | $142.92M | -0.7% |
| Property, plant & equipment | $12.65M | $12.93M | $13.70M | $14.73M | $14.94M | -2.2% |
| Goodwill & intangibles | $6.01M | $6.06M | $6.10M | $6.15M | $6.19M | -0.7% |
| Total assets | $161.39M | $162.37M | $173.64M | $174.76M | $164.87M | -0.6% |
| Total current liabilities | $37.51M | $34.00M | $40.43M | $38.99M | $21.17M | +10.3% |
| Total debt | $5.66M | $6.32M | $6.97M | $7.60M | $8.22M | -10.5% |
| Total liabilities | $41.23M | $38.42M | $45.53M | $44.13M | $26.98M | +7.3% |
| Retained earnings | -$360.08M | -$351.42M | -$341.80M | -$333.30M | -$319.63M | -2.5% |
| Shareholder equity | $120.16M | $123.95M | $128.11M | $130.63M | $137.90M | -3.1% |
| Working capital | $104.06M | $108.52M | $112.57M | $114.07M | $121.75M | -4.1% |
| Net tangible assets | $114.14M | $117.89M | $122.00M | $124.48M | $131.70M | -3.2% |
| Shares issued | 64.86M | 64.13M | 63.26M | 62.49M | 61.69M | +1.1% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | -$8.66M | -$9.62M | -$8.50M | -$13.66M | -$10.81M | +10.0% |
| Depreciation & amortisation | $596.00K | $977.00K | $927.00K | $902.00K | $902.00K | -39.0% |
| Stock-based compensation | $5.06M | $5.43M | $6.02M | $6.09M | $6.48M | -6.8% |
| Change in working capital | $1.92M | -$8.97M | $2.69M | $5.21M | -$1.07M | +121.4% |
| Operating cash flow | -$1.07M | -$11.68M | $762.00K | -$979.00K | -$4.22M | +90.8% |
| Capital expenditure | -$1.15M | -$700.00K | -$507.00K | -$1.06M | -$965.00K | -64.6% |
| Investing cash flow | -$5.50M | $9.59M | -$9.87M | $7.96M | -$8.63M | -157.4% |
| Share buybacks | -$171.00K | -$132.00K | -$35.00K | -$26.00K | -$20.00K | -29.5% |
| Financing cash flow | -$182.00K | $85.00K | -$43.00K | $151.00K | -$8.00K | -314.1% |
| Free cash flow | -$2.23M | -$12.38M | $255.00K | -$2.04M | -$5.19M | +82.0% |
| End cash position | $10.89M | $17.65M | $19.66M | $28.80M | $21.67M | -38.3% |
Options analytics
Put / call volume
—
—
Put / call open interest
—
Positioning, not flow
Max pain
2.50
-40.5% from spot
ATM implied vol
25.0%
Nearest strike to spot
Skew (10% OTM)
—
—
Call volume
0
Contracts, this expiry
Put volume
0
Contracts, this expiry
Heaviest call OI
2.50
0 contracts
Heaviest put OI
—
—
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | -0.06 | -0.06 | +5.3% |
| Mar 2026 | -0.09 | -0.07 | +19.2% |
| Dec 2025 | -0.05 | -0.04 | +20.0% |
| Sep 2025 | -0.07 | -0.01 | +85.7% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | -0.02 | 3 | $44.82M | +9.5% |
| Next quarter | 0.01 | 3 | $45.87M | +11.4% |
| Current year | -0.13 | 3 | $175.70M | +12.0% |
| Next year | -0.03 | 3 | $194.23M | +10.6% |
Analyst targets & ownership
Mean target$6.67
High target$10.00
Low target$4.00
Implied upside58.73%
Analyst count3
ConsensusNONE
Strong buy / Buy1 / 1
Hold1
Sell / Strong sell0 / 0
Held by insiders23.30%
Held by institutions76.08%
Institutions holding164
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
4.20
-0.05% from price
SMA 20
4.19
+0.26% from price
SMA 50
4.22
-0.57% from price
SMA 100
4.01
+4.79% from price
SMA 200
4.48
-6.30% from price
EMA 12
4.19
+0.12% from price
EMA 26
4.20
-0.00% from price
EMA 50
4.17
+0.69% from price
RSI (14)
50.0
Neutral
MACD (12,26,9)
-0.01
Hist -0.00
ATR (14)
0.16
3.70% of price
Realised vol 30D
39.5%
Annualised
Bollinger upper
4.35
20, 2σ
Bollinger lower
4.03
20, 2σ
50 / 200 cross
Death
4.22 vs 4.48
Trend bias
Below 200
-6.30%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
0.37
Less volatile than market
Correlation to SPY
0.06
Largely independent
Realised vol 30D
39.5%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-69.0%
Peak to trough
Max drawdown 5Y
-95.2%
Peak to trough
ATR 14
0.16
3.70% of price
Beta (reported)
1.91
5Y monthly, from filing
Short interest
Shares short
1.47M
Prior 1.39M
Change vs prior
+6.2%
Shorts adding
% of float
4.92%
Normal
% of shares out
2.27%
Against total outstanding
Days to cover
6.8
Crowded exit
Float
28.03M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Feb 26, 26 | Canaccord Genuity | MAINTAINED | Buy | Buy |
| Jan 5, 26 | Jefferies | MAINTAINED | Hold | Hold |
| Nov 6, 25 | Needham | MAINTAINED | Buy | Buy |
| May 8, 25 | Needham | MAINTAINED | Buy | Buy |
| Feb 21, 25 | Needham | MAINTAINED | Buy | Buy |
| Jan 6, 25 | Jefferies | MAINTAINED | Hold | Hold |
| Dec 9, 24 | Needham | MAINTAINED | Buy | Buy |
| Nov 7, 24 | Needham | MAINTAINED | Buy | Buy |
| Oct 29, 24 | Jefferies | MAINTAINED | Hold | Hold |
| Aug 9, 24 | Needham | MAINTAINED | Buy | Buy |
| Jul 2, 24 | JP Morgan | DOWNGRADE | Neutral | Underweight |
| May 10, 24 | Needham | MAINTAINED | Buy | Buy |
Dividends & splits
Forward rate—
Forward yield0.00%
5-year avg yield—
Payout ratio—
Ex-dividend date—
Next pay date—
Last split—
Split date—
SEC filings
Periodic Financial Reports
10-Q · 2026-08-05
Corporate Changes & Voting Matters
8-K · 2026-07-23
Corporate Changes & Voting Matters
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