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Side-by-side financial comparison of AbCellera Biologics Inc. (ABCL) and CS Disco, Inc. (LAW). Click either name above to swap in a different company.
AbCellera Biologics Inc. is the larger business by last-quarter revenue ($44.9M vs $41.2M, roughly 1.1× CS Disco, Inc.). AbCellera Biologics Inc. runs the higher net margin — -19.9% vs -20.7%, a 0.7% gap on every dollar of revenue. On growth, AbCellera Biologics Inc. posted the faster year-over-year revenue change (788.4% vs 11.3%). CS Disco, Inc. produced more free cash flow last quarter ($255.0K vs $-44.6M). Over the past eight quarters, AbCellera Biologics Inc.'s revenue compounded faster (112.3% CAGR vs 7.6%).
AbCellera Biologics Inc. is a Vancouver, British Columbia-based biotechnology company that discovers and develops antibody therapeutics. The company is best known for its leading role in the Pandemic Prevention Platform, a project of DARPA's Biological Technologies Office. AbCellera utilizes a proprietary technology platform, which they claim can develop "medical countermeasures within 60 days." Its platform for single-cell screening was initially developed at the University of British Columbia.
CS Disco, Inc. is a leading legal technology provider that develops cloud-based software solutions for legal practitioners. Its core offerings include e-discovery, document review, case management, and legal workflow automation tools, serving law firms, corporate legal teams, and government legal departments primarily in North America.
ABCL vs LAW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $44.9M | $41.2M |
| Net Profit | $-8.9M | $-8.5M |
| Gross Margin | — | 75.1% |
| Operating Margin | -63.7% | -22.4% |
| Net Margin | -19.9% | -20.7% |
| Revenue YoY | 788.4% | 11.3% |
| Net Profit YoY | 73.9% | 66.3% |
| EPS (diluted) | $-0.03 | $-0.13 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $44.9M | $41.2M | ||
| Q3 25 | $9.0M | $40.9M | ||
| Q2 25 | $17.1M | $38.1M | ||
| Q1 25 | $4.2M | $36.7M | ||
| Q4 24 | $5.0M | $37.0M | ||
| Q3 24 | $6.5M | $36.3M | ||
| Q2 24 | $7.3M | $36.0M | ||
| Q1 24 | $10.0M | $35.6M |
| Q4 25 | $-8.9M | $-8.5M | ||
| Q3 25 | $-57.1M | $-13.7M | ||
| Q2 25 | $-34.7M | $-10.8M | ||
| Q1 25 | $-45.6M | $-11.4M | ||
| Q4 24 | — | $-25.2M | ||
| Q3 24 | $-51.1M | $-9.2M | ||
| Q2 24 | $-36.9M | $-10.8M | ||
| Q1 24 | $-40.6M | $-10.6M |
| Q4 25 | — | 75.1% | ||
| Q3 25 | — | 75.5% | ||
| Q2 25 | — | 74.6% | ||
| Q1 25 | — | 74.1% | ||
| Q4 24 | — | 74.2% | ||
| Q3 24 | — | 73.1% | ||
| Q2 24 | — | 74.2% | ||
| Q1 24 | — | 75.1% |
| Q4 25 | -63.7% | -22.4% | ||
| Q3 25 | -851.8% | -35.3% | ||
| Q2 25 | -290.2% | -31.0% | ||
| Q1 25 | -1479.6% | -34.4% | ||
| Q4 24 | — | -70.6% | ||
| Q3 24 | -1439.4% | -30.0% | ||
| Q2 24 | -1276.2% | -34.4% | ||
| Q1 24 | -551.5% | -34.7% |
| Q4 25 | -19.9% | -20.7% | ||
| Q3 25 | -637.8% | -33.4% | ||
| Q2 25 | -203.3% | -28.4% | ||
| Q1 25 | -1077.2% | -31.1% | ||
| Q4 24 | — | -68.1% | ||
| Q3 24 | -785.4% | -25.3% | ||
| Q2 24 | -504.3% | -30.1% | ||
| Q1 24 | -408.0% | -29.7% |
| Q4 25 | $-0.03 | $-0.13 | ||
| Q3 25 | $-0.19 | $-0.22 | ||
| Q2 25 | $-0.12 | $-0.18 | ||
| Q1 25 | $-0.15 | $-0.19 | ||
| Q4 24 | — | $-0.43 | ||
| Q3 24 | $-0.17 | $-0.15 | ||
| Q2 24 | $-0.13 | $-0.18 | ||
| Q1 24 | $-0.14 | $-0.17 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $128.5M | $114.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $966.9M | $128.1M |
| Total Assets | $1.4B | $173.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $128.5M | $114.6M | ||
| Q3 25 | $83.2M | $113.5M | ||
| Q2 25 | $92.4M | $114.5M | ||
| Q1 25 | $159.3M | $118.8M | ||
| Q4 24 | $156.3M | $129.1M | ||
| Q3 24 | $126.6M | $126.8M | ||
| Q2 24 | $148.3M | $130.0M | ||
| Q1 24 | $123.6M | $148.7M |
| Q4 25 | $966.9M | $128.1M | ||
| Q3 25 | $964.0M | $130.6M | ||
| Q2 25 | $1.0B | $137.9M | ||
| Q1 25 | $1.0B | $142.2M | ||
| Q4 24 | $1.1B | $147.5M | ||
| Q3 24 | $1.1B | $167.3M | ||
| Q2 24 | $1.1B | $170.9M | ||
| Q1 24 | $1.1B | $193.2M |
| Q4 25 | $1.4B | $173.6M | ||
| Q3 25 | $1.4B | $174.8M | ||
| Q2 25 | $1.4B | $164.9M | ||
| Q1 25 | $1.3B | $168.0M | ||
| Q4 24 | $1.4B | $180.3M | ||
| Q3 24 | $1.4B | $194.4M | ||
| Q2 24 | $1.4B | $198.0M | ||
| Q1 24 | $1.5B | $217.3M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-34.7M | $762.0K |
| Free Cash FlowOCF − Capex | $-44.6M | $255.0K |
| FCF MarginFCF / Revenue | -99.4% | 0.6% |
| Capex IntensityCapex / Revenue | 21.9% | 1.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-174.1M | $-18.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-34.7M | $762.0K | ||
| Q3 25 | $-52.6M | $-979.0K | ||
| Q2 25 | $-32.4M | $-4.2M | ||
| Q1 25 | $-11.6M | $-10.5M | ||
| Q4 24 | $-108.6M | $2.1M | ||
| Q3 24 | $-28.9M | $-2.9M | ||
| Q2 24 | $-30.0M | $-650.0K | ||
| Q1 24 | $-41.7M | $-7.3M |
| Q4 25 | $-44.6M | $255.0K | ||
| Q3 25 | $-61.5M | $-2.0M | ||
| Q2 25 | $-45.8M | $-5.2M | ||
| Q1 25 | $-22.2M | $-11.0M | ||
| Q4 24 | $-187.0M | $1.5M | ||
| Q3 24 | $-47.4M | $-3.7M | ||
| Q2 24 | $-50.1M | $-1.3M | ||
| Q1 24 | $-65.8M | $-8.0M |
| Q4 25 | -99.4% | 0.6% | ||
| Q3 25 | -687.0% | -5.0% | ||
| Q2 25 | -267.9% | -13.6% | ||
| Q1 25 | -524.0% | -30.1% | ||
| Q4 24 | -3702.8% | 4.1% | ||
| Q3 24 | -728.4% | -10.3% | ||
| Q2 24 | -683.8% | -3.6% | ||
| Q1 24 | -661.5% | -22.5% |
| Q4 25 | 21.9% | 1.2% | ||
| Q3 25 | 99.7% | 2.6% | ||
| Q2 25 | 78.2% | 2.5% | ||
| Q1 25 | 251.1% | 1.4% | ||
| Q4 24 | 1552.7% | 1.5% | ||
| Q3 24 | 284.6% | 2.4% | ||
| Q2 24 | 274.6% | 1.8% | ||
| Q1 24 | 242.5% | 1.9% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ABCL
Segment breakdown not available.
LAW
| Software | $35.1M | 85% |
| Services | $6.0M | 15% |
