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Side-by-side financial comparison of Canaan Inc. (CAN) and CS Disco, Inc. (LAW). Click either name above to swap in a different company.
CS Disco, Inc. is the larger business by last-quarter revenue ($41.2M vs $20.8M, roughly 2.0× Canaan Inc.). Canaan Inc. runs the higher net margin — -18.4% vs -20.7%, a 2.2% gap on every dollar of revenue.
Canaan Inc., doing business as Canaan Creative and known simply as Canaan, is a Singapore-based computer hardware manufacturer. Established in 2013 by N.G. Zhang, Canaan specializes in Blockchain servers and ASIC microprocessors for use in bitcoin mining.
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.
CAN vs LAW — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $20.8M | $41.2M |
| Net Profit | $-3.8M | $-8.5M |
| Gross Margin | 99.9% | 75.1% |
| Operating Margin | -15.9% | -22.4% |
| Net Margin | -18.4% | -20.7% |
| Revenue YoY | — | 11.3% |
| Net Profit YoY | — | 66.3% |
| EPS (diluted) | $-0.05 | $-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 | $20.8M | $41.2M | ||
| Q3 25 | $13.8M | $40.9M | ||
| Q2 25 | $11.4M | $38.1M | ||
| Q1 25 | — | $36.7M | ||
| Q4 24 | — | $37.0M | ||
| Q3 24 | $10.2M | $36.3M | ||
| Q2 24 | $4.8M | $36.0M | ||
| Q1 24 | — | $35.6M |
| Q4 25 | $-3.8M | $-8.5M | ||
| Q3 25 | $-1.5M | $-13.7M | ||
| Q2 25 | $-11.9M | $-10.8M | ||
| Q1 25 | — | $-11.4M | ||
| Q4 24 | — | $-25.2M | ||
| Q3 24 | $-10.4M | $-9.2M | ||
| Q2 24 | $-5.4M | $-10.8M | ||
| Q1 24 | — | $-10.6M |
| Q4 25 | 99.9% | 75.1% | ||
| Q3 25 | 99.9% | 75.5% | ||
| Q2 25 | 99.9% | 74.6% | ||
| Q1 25 | — | 74.1% | ||
| Q4 24 | — | 74.2% | ||
| Q3 24 | 99.9% | 73.1% | ||
| Q2 24 | 99.8% | 74.2% | ||
| Q1 24 | — | 75.1% |
| Q4 25 | -15.9% | -22.4% | ||
| Q3 25 | -27.0% | -35.3% | ||
| Q2 25 | -45.5% | -31.0% | ||
| Q1 25 | — | -34.4% | ||
| Q4 24 | — | -70.6% | ||
| Q3 24 | -77.2% | -30.0% | ||
| Q2 24 | -193.9% | -34.4% | ||
| Q1 24 | — | -34.7% |
| Q4 25 | -18.4% | -20.7% | ||
| Q3 25 | -11.0% | -33.4% | ||
| Q2 25 | -104.4% | -28.4% | ||
| Q1 25 | — | -31.1% | ||
| Q4 24 | — | -68.1% | ||
| Q3 24 | -102.7% | -25.3% | ||
| Q2 24 | -112.3% | -30.1% | ||
| Q1 24 | — | -29.7% |
| Q4 25 | $-0.05 | $-0.13 | ||
| Q3 25 | $-0.02 | $-0.22 | ||
| Q2 25 | $-0.25 | $-0.18 | ||
| Q1 25 | — | $-0.19 | ||
| Q4 24 | — | $-0.43 | ||
| Q3 24 | — | $-0.15 | ||
| Q2 24 | — | $-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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $114.6M |
| Total DebtLower is stronger | $6.2M | — |
| Stockholders' EquityBook value | $52.4M | $128.1M |
| Total Assets | $92.5M | $173.6M |
| Debt / EquityLower = less leverage | 0.12× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $114.6M | ||
| Q3 25 | — | $113.5M | ||
| Q2 25 | — | $114.5M | ||
| Q1 25 | — | $118.8M | ||
| Q4 24 | — | $129.1M | ||
| Q3 24 | — | $126.8M | ||
| Q2 24 | — | $130.0M | ||
| Q1 24 | — | $148.7M |
| Q4 25 | $6.2M | — | ||
| Q3 25 | $6.2M | — | ||
| Q2 25 | $6.2M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $52.4M | $128.1M | ||
| Q3 25 | $44.7M | $130.6M | ||
| Q2 25 | $33.8M | $137.9M | ||
| Q1 25 | — | $142.2M | ||
| Q4 24 | — | $147.5M | ||
| Q3 24 | $43.6M | $167.3M | ||
| Q2 24 | $56.8M | $170.9M | ||
| Q1 24 | — | $193.2M |
| Q4 25 | $92.5M | $173.6M | ||
| Q3 25 | $81.7M | $174.8M | ||
| Q2 25 | $78.0M | $164.9M | ||
| Q1 25 | — | $168.0M | ||
| Q4 24 | — | $180.3M | ||
| Q3 24 | $69.3M | $194.4M | ||
| Q2 24 | $73.7M | $198.0M | ||
| Q1 24 | — | $217.3M |
| Q4 25 | 0.12× | — | ||
| Q3 25 | 0.14× | — | ||
| Q2 25 | 0.18× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | — | $762.0K |
| Free Cash FlowOCF − Capex | — | $255.0K |
| FCF MarginFCF / Revenue | — | 0.6% |
| Capex IntensityCapex / Revenue | — | 1.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-18.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $762.0K | ||
| Q3 25 | — | $-979.0K | ||
| Q2 25 | — | $-4.2M | ||
| Q1 25 | — | $-10.5M | ||
| Q4 24 | — | $2.1M | ||
| Q3 24 | — | $-2.9M | ||
| Q2 24 | — | $-650.0K | ||
| Q1 24 | — | $-7.3M |
| 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 |
| 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% |
| 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% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CAN
Segment breakdown not available.
LAW
| Software | $35.1M | 85% |
| Services | $6.0M | 15% |
