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Side-by-side financial comparison of Canopy Growth Corp (CGC) and CS Disco, Inc. (LAW). Click either name above to swap in a different company.
Canopy Growth Corp is the larger business by last-quarter revenue ($54.4M vs $41.2M, roughly 1.3× CS Disco, Inc.). CS Disco, Inc. runs the higher net margin — -20.7% vs -84.0%, a 63.4% gap on every dollar of revenue. On growth, CS Disco, Inc. posted the faster year-over-year revenue change (11.3% vs -0.3%). Over the past eight quarters, CS Disco, Inc.'s revenue compounded faster (7.6% CAGR vs 1.2%).
Canopy Growth Corporation, formerly Tweed Marijuana Inc., is a cannabis company based in Smiths Falls, Ontario.
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.
CGC vs LAW — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $54.4M | $41.2M |
| Net Profit | $-45.7M | $-8.5M |
| Gross Margin | 28.8% | 75.1% |
| Operating Margin | -35.3% | -22.4% |
| Net Margin | -84.0% | -20.7% |
| Revenue YoY | -0.3% | 11.3% |
| Net Profit YoY | 48.6% | 66.3% |
| EPS (diluted) | — | $-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 | $54.4M | $41.2M | ||
| Q3 25 | $48.7M | $40.9M | ||
| Q2 25 | $52.7M | $38.1M | ||
| Q1 25 | $47.5M | $36.7M | ||
| Q4 24 | $54.6M | $37.0M | ||
| Q3 24 | $46.0M | $36.3M | ||
| Q2 24 | $48.3M | $36.0M | ||
| Q1 24 | $53.1M | $35.6M |
| Q4 25 | $-45.7M | $-8.5M | ||
| Q3 25 | $-1.2M | $-13.7M | ||
| Q2 25 | $-30.3M | $-10.8M | ||
| Q1 25 | — | $-11.4M | ||
| Q4 24 | $-89.0M | $-25.2M | ||
| Q3 24 | $-93.7M | $-9.2M | ||
| Q2 24 | $-92.8M | $-10.8M | ||
| Q1 24 | — | $-10.6M |
| Q4 25 | 28.8% | 75.1% | ||
| Q3 25 | 32.8% | 75.5% | ||
| Q2 25 | 25.0% | 74.6% | ||
| Q1 25 | 16.2% | 74.1% | ||
| Q4 24 | 32.2% | 74.2% | ||
| Q3 24 | 34.7% | 73.1% | ||
| Q2 24 | 34.8% | 74.2% | ||
| Q1 24 | 21.3% | 75.1% |
| Q4 25 | -35.3% | -22.4% | ||
| Q3 25 | -25.3% | -35.3% | ||
| Q2 25 | -31.4% | -31.0% | ||
| Q1 25 | — | -34.4% | ||
| Q4 24 | -31.9% | -70.6% | ||
| Q3 24 | -72.9% | -30.0% | ||
| Q2 24 | -44.0% | -34.4% | ||
| Q1 24 | — | -34.7% |
| Q4 25 | -84.0% | -20.7% | ||
| Q3 25 | -2.5% | -33.4% | ||
| Q2 25 | -57.6% | -28.4% | ||
| Q1 25 | — | -31.1% | ||
| Q4 24 | -163.0% | -68.1% | ||
| Q3 24 | -203.7% | -25.3% | ||
| Q2 24 | -192.0% | -30.1% | ||
| Q1 24 | — | -29.7% |
| Q4 25 | — | $-0.13 | ||
| Q3 25 | — | $-0.22 | ||
| Q2 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 | $271.1M | $114.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $553.5M | $128.1M |
| Total Assets | $807.5M | $173.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $271.1M | $114.6M | ||
| Q3 25 | $217.6M | $113.5M | ||
| Q2 25 | $104.8M | $114.5M | ||
| Q1 25 | $96.0M | $118.8M | ||
| Q4 24 | $130.2M | $129.1M | ||
| Q3 24 | $168.8M | $126.8M | ||
| Q2 24 | $142.3M | $130.0M | ||
| Q1 24 | $148.5M | $148.7M |
| Q4 25 | $553.5M | $128.1M | ||
| Q3 25 | $537.3M | $130.6M | ||
| Q2 25 | $357.0M | $137.9M | ||
| Q1 25 | $355.7M | $142.2M | ||
| Q4 24 | $431.8M | $147.5M | ||
| Q3 24 | $372.1M | $167.3M | ||
| Q2 24 | $389.0M | $170.9M | ||
| Q1 24 | $365.3M | $193.2M |
| Q4 25 | $807.5M | $173.6M | ||
| Q3 25 | $781.0M | $174.8M | ||
| Q2 25 | $660.4M | $164.9M | ||
| Q1 25 | $669.9M | $168.0M | ||
| Q4 24 | $849.9M | $180.3M | ||
| Q3 24 | $899.6M | $194.4M | ||
| Q2 24 | $938.9M | $198.0M | ||
| Q1 24 | $949.2M | $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 | — | $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 | $-7.5M | $-4.2M | ||
| Q1 25 | $-121.0M | $-10.5M | ||
| Q4 24 | — | $2.1M | ||
| Q3 24 | — | $-2.9M | ||
| Q2 24 | $-37.8M | $-650.0K | ||
| Q1 24 | $-205.8M | $-7.3M |
| Q4 25 | — | $255.0K | ||
| Q3 25 | — | $-2.0M | ||
| Q2 25 | $-8.5M | $-5.2M | ||
| Q1 25 | $-128.9M | $-11.0M | ||
| Q4 24 | — | $1.5M | ||
| Q3 24 | — | $-3.7M | ||
| Q2 24 | $-40.7M | $-1.3M | ||
| Q1 24 | $-208.3M | $-8.0M |
| Q4 25 | — | 0.6% | ||
| Q3 25 | — | -5.0% | ||
| Q2 25 | -16.1% | -13.6% | ||
| Q1 25 | -271.5% | -30.1% | ||
| Q4 24 | — | 4.1% | ||
| Q3 24 | — | -10.3% | ||
| Q2 24 | -84.1% | -3.6% | ||
| Q1 24 | -392.1% | -22.5% |
| Q4 25 | — | 1.2% | ||
| Q3 25 | — | 2.6% | ||
| Q2 25 | 1.8% | 2.5% | ||
| Q1 25 | 16.6% | 1.4% | ||
| Q4 24 | — | 1.5% | ||
| Q3 24 | — | 2.4% | ||
| Q2 24 | 5.9% | 1.8% | ||
| Q1 24 | 4.7% | 1.9% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CGC
| Other | $24.0M | 44% |
| Canadian Adult Use Cannabis | $22.9M | 42% |
| International Markets Cannabis | $6.2M | 11% |
| Other Geographical Area | $1.2M | 2% |
LAW
| Software | $35.1M | 85% |
| Services | $6.0M | 15% |
