Cs Disco, Inc. (LAW) intrinsic value & 10-year financials

Cs Disco, Inc. (LAW) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 7 fiscal years revenue grew 18.0% a year to $156.8M, with an average return on invested capital of -90.8%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$4.44
Market cap
$274.0M
Revenue (FY2025)
$156.8M
Revenue growth (7-yr CAGR)
18.0%
ROIC (10-yr avg)
-90.8%
Free cash flow (FY2025)
-$18.0M

LAW 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $156.8M -$44.4M -$0.72 -$18.0M -30.7% -44.9%
FY2024 $144.8M -$55.8M -$0.93 -$11.5M -42.6% -82.4%
FY2023 $138.1M -$42.1M -$0.70 -$30.4M -36.1% -128.7%
FY2022 $135.2M -$70.8M -$1.20 -$50.4M -53.1% -337.4%
FY2021 $114.3M -$24.3M -$0.73 -$24.7M -20.8% 34.2%
FY2020 $68.4M -$22.9M -$1.74 -$24.6M -32.9% 14.8%
FY2019 — — — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

CS Disco, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

CS Disco, Inc. has historically struggled to out-earn its cost of capital, averaging just -35.1% ROIC.

CS Disco, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, CS Disco, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-23.92 per share.

LAW stock: frequently asked questions

What is the intrinsic value of Cs Disco, Inc. (LAW) stock?

Graham's formula only works with positive earnings. Cs Disco, Inc. reported diluted EPS of -$0.72 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does Cs Disco, Inc. generate free cash flow?

Cs Disco, Inc. generated -$18.0M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 6 reported years.

What is LAW's return on invested capital?

Average ROIC over the last 7 fiscal years was -90.8%, and average return on equity was -19.0%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this LAW data come from?

From Cs Disco, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Aug 5, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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