CS Disco delivered a strong second quarter in 2025, with total revenue reaching $38.1 million, a 6% increase year-over-year. The company demonstrated improved profitability, with a reduced net loss and significant improvements in non-GAAP operating margin and Adjusted EBITDA margin. Software revenue showed double-digit growth, and the company continued to expand its large matters and customer base.
Total revenue for Q2 2025 was $38.1 million, marking a 6% increase compared to the same period last year.
Net loss attributable to common stockholders improved to $(10.812) million in Q2 2025 from $(10.834) million in Q2 2024.
Non-GAAP net loss per share significantly improved to $(0.04) in Q2 2025 from $(0.07) in Q2 2024.
Adjusted EBITDA improved to $(2.688) million in Q2 2025 from $(4.736) million in Q2 2024, with the margin improving from (13)% to (7)%.
For the third quarter of 2025, DISCO expects total revenue between $38.0 million and $39.0 million and Adjusted EBITDA between $(3.0) million and $(2.0) million. For the full fiscal year 2025, total revenue is projected to be between $152.0 million and $156.0 million, and Adjusted EBITDA between $(12.0) million and $(8.0) million.
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