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Side-by-side financial comparison of Armour Residential REIT, Inc. (ARR) and CS Disco, Inc. (LAW). Click either name above to swap in a different company.

Armour Residential REIT, Inc. is the larger business by last-quarter revenue ($50.4M vs $41.2M, roughly 1.2× CS Disco, Inc.). Armour Residential REIT, Inc. runs the higher net margin — 420.2% vs -20.7%, a 440.9% gap on every dollar of revenue. On growth, Armour Residential REIT, Inc. posted the faster year-over-year revenue change (297.9% vs 11.3%). Over the past eight quarters, Armour Residential REIT, Inc.'s revenue compounded faster (108.0% CAGR vs 7.6%).

Armour Residential REIT, Inc. is a U.S.-based real estate investment trust that primarily invests in agency residential mortgage-backed securities guaranteed by U.S. government-sponsored entities. It focuses on generating consistent long-term net income for shareholders via strategic asset management and active interest rate risk mitigation.

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.

ARR vs LAW — Head-to-Head

Bigger by revenue
ARR
ARR
1.2× larger
ARR
$50.4M
$41.2M
LAW
Growing faster (revenue YoY)
ARR
ARR
+286.6% gap
ARR
297.9%
11.3%
LAW
Higher net margin
ARR
ARR
440.9% more per $
ARR
420.2%
-20.7%
LAW
Faster 2-yr revenue CAGR
ARR
ARR
Annualised
ARR
108.0%
7.6%
LAW

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ARR
ARR
LAW
LAW
Revenue
$50.4M
$41.2M
Net Profit
$211.7M
$-8.5M
Gross Margin
75.1%
Operating Margin
-22.4%
Net Margin
420.2%
-20.7%
Revenue YoY
297.9%
11.3%
Net Profit YoY
555.9%
66.3%
EPS (diluted)
$2.43
$-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.

Revenue
ARR
ARR
LAW
LAW
Q4 25
$50.4M
$41.2M
Q3 25
$38.5M
$40.9M
Q2 25
$33.1M
$38.1M
Q1 25
$36.3M
$36.7M
Q4 24
$12.7M
$37.0M
Q3 24
$36.3M
Q2 24
$7.0M
$36.0M
Q1 24
$35.6M
Net Profit
ARR
ARR
LAW
LAW
Q4 25
$211.7M
$-8.5M
Q3 25
$159.3M
$-13.7M
Q2 25
$-75.6M
$-10.8M
Q1 25
$27.3M
$-11.4M
Q4 24
$-46.4M
$-25.2M
Q3 24
$-9.2M
Q2 24
$-48.4M
$-10.8M
Q1 24
$-10.6M
Gross Margin
ARR
ARR
LAW
LAW
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%
Operating Margin
ARR
ARR
LAW
LAW
Q4 25
-22.4%
Q3 25
-35.3%
Q2 25
-31.0%
Q1 25
-34.4%
Q4 24
-70.6%
Q3 24
-30.0%
Q2 24
-34.4%
Q1 24
-34.7%
Net Margin
ARR
ARR
LAW
LAW
Q4 25
420.2%
-20.7%
Q3 25
413.5%
-33.4%
Q2 25
-228.4%
-28.4%
Q1 25
75.2%
-31.1%
Q4 24
-366.8%
-68.1%
Q3 24
-25.3%
Q2 24
-693.8%
-30.1%
Q1 24
-29.7%
EPS (diluted)
ARR
ARR
LAW
LAW
Q4 25
$2.43
$-0.13
Q3 25
$1.49
$-0.22
Q2 25
$-0.94
$-0.18
Q1 25
$0.32
$-0.19
Q4 24
$-0.91
$-0.43
Q3 24
$-0.15
Q2 24
$-1.05
$-0.18
Q1 24
$-0.17

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ARR
ARR
LAW
LAW
Cash + ST InvestmentsLiquidity on hand
$63.3M
$114.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.3B
$128.1M
Total Assets
$21.0B
$173.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARR
ARR
LAW
LAW
Q4 25
$63.3M
$114.6M
Q3 25
$44.2M
$113.5M
Q2 25
$141.2M
$114.5M
Q1 25
$49.1M
$118.8M
Q4 24
$68.0M
$129.1M
Q3 24
$126.8M
Q2 24
$126.6M
$130.0M
Q1 24
$148.7M
Stockholders' Equity
ARR
ARR
LAW
LAW
Q4 25
$2.3B
$128.1M
Q3 25
$2.1B
$130.6M
Q2 25
$1.7B
$137.9M
Q1 25
$1.7B
$142.2M
Q4 24
$1.4B
$147.5M
Q3 24
$167.3M
Q2 24
$1.2B
$170.9M
Q1 24
$193.2M
Total Assets
ARR
ARR
LAW
LAW
Q4 25
$21.0B
$173.6M
Q3 25
$19.4B
$174.8M
Q2 25
$16.2B
$164.9M
Q1 25
$15.5B
$168.0M
Q4 24
$13.5B
$180.3M
Q3 24
$194.4M
Q2 24
$10.1B
$198.0M
Q1 24
$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
ARR
ARR
LAW
LAW
Operating Cash FlowLast quarter
$124.2M
$762.0K
Free Cash FlowOCF − Capex
$255.0K
FCF MarginFCF / Revenue
0.6%
Capex IntensityCapex / Revenue
1.2%
Cash ConversionOCF / Net Profit
0.59×
TTM Free Cash FlowTrailing 4 quarters
$-18.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARR
ARR
LAW
LAW
Q4 25
$124.2M
$762.0K
Q3 25
$-37.8M
$-979.0K
Q2 25
$25.0M
$-4.2M
Q1 25
$101.5M
$-10.5M
Q4 24
$261.5M
$2.1M
Q3 24
$-2.9M
Q2 24
$27.1M
$-650.0K
Q1 24
$-7.3M
Free Cash Flow
ARR
ARR
LAW
LAW
Q4 25
$255.0K
Q3 25
$-2.0M
Q2 25
$-5.2M
Q1 25
$-11.0M
Q4 24
$1.5M
Q3 24
$-3.7M
Q2 24
$-1.3M
Q1 24
$-8.0M
FCF Margin
ARR
ARR
LAW
LAW
Q4 25
0.6%
Q3 25
-5.0%
Q2 25
-13.6%
Q1 25
-30.1%
Q4 24
4.1%
Q3 24
-10.3%
Q2 24
-3.6%
Q1 24
-22.5%
Capex Intensity
ARR
ARR
LAW
LAW
Q4 25
1.2%
Q3 25
2.6%
Q2 25
2.5%
Q1 25
1.4%
Q4 24
1.5%
Q3 24
2.4%
Q2 24
1.8%
Q1 24
1.9%
Cash Conversion
ARR
ARR
LAW
LAW
Q4 25
0.59×
Q3 25
-0.24×
Q2 25
Q1 25
3.71×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ARR
ARR

Segment breakdown not available.

LAW
LAW

Software$35.1M85%
Services$6.0M15%

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