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Side-by-side financial comparison of Clarus Corp (CLAR) and CS Disco, Inc. (LAW). Click either name above to swap in a different company.
Clarus Corp is the larger business by last-quarter revenue ($65.4M vs $41.2M, roughly 1.6× CS Disco, Inc.). CS Disco, Inc. runs the higher net margin — -20.7% vs -47.8%, a 27.1% gap on every dollar of revenue. On growth, CS Disco, Inc. posted the faster year-over-year revenue change (11.3% vs -8.4%). Clarus Corp produced more free cash flow last quarter ($11.6M vs $255.0K). Over the past eight quarters, CS Disco, Inc.'s revenue compounded faster (7.6% CAGR vs -2.9%).
Clarus Corp is a global designer, manufacturer, and distributor of high-performance outdoor recreation, climbing, camping, and lifestyle products. It manages a portfolio of leading consumer brands, serving outdoor enthusiasts, professional athletes, and retail partners across North America, Europe, and the Asia-Pacific region, with a focus on innovative, durable gear for active lifestyles.
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.
CLAR vs LAW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $65.4M | $41.2M |
| Net Profit | $-31.3M | $-8.5M |
| Gross Margin | 27.7% | 75.1% |
| Operating Margin | -59.6% | -22.4% |
| Net Margin | -47.8% | -20.7% |
| Revenue YoY | -8.4% | 11.3% |
| Net Profit YoY | 52.3% | 66.3% |
| EPS (diluted) | $-0.81 | $-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 | $65.4M | $41.2M | ||
| Q3 25 | $69.3M | $40.9M | ||
| Q2 25 | $55.2M | $38.1M | ||
| Q1 25 | $60.4M | $36.7M | ||
| Q4 24 | $71.4M | $37.0M | ||
| Q3 24 | $67.1M | $36.3M | ||
| Q2 24 | $56.5M | $36.0M | ||
| Q1 24 | $69.3M | $35.6M |
| Q4 25 | $-31.3M | $-8.5M | ||
| Q3 25 | $-1.6M | $-13.7M | ||
| Q2 25 | $-8.4M | $-10.8M | ||
| Q1 25 | $-5.2M | $-11.4M | ||
| Q4 24 | $-65.5M | $-25.2M | ||
| Q3 24 | $-3.2M | $-9.2M | ||
| Q2 24 | $-5.5M | $-10.8M | ||
| Q1 24 | $21.9M | $-10.6M |
| Q4 25 | 27.7% | 75.1% | ||
| Q3 25 | 35.1% | 75.5% | ||
| Q2 25 | 35.6% | 74.6% | ||
| Q1 25 | 34.4% | 74.1% | ||
| Q4 24 | 33.4% | 74.2% | ||
| Q3 24 | 35.0% | 73.1% | ||
| Q2 24 | 36.1% | 74.2% | ||
| Q1 24 | 35.9% | 75.1% |
| Q4 25 | -59.6% | -22.4% | ||
| Q3 25 | -4.4% | -35.3% | ||
| Q2 25 | -19.7% | -31.0% | ||
| Q1 25 | -11.2% | -34.4% | ||
| Q4 24 | -70.2% | -70.6% | ||
| Q3 24 | -8.0% | -30.0% | ||
| Q2 24 | -14.4% | -34.4% | ||
| Q1 24 | -9.8% | -34.7% |
| Q4 25 | -47.8% | -20.7% | ||
| Q3 25 | -2.3% | -33.4% | ||
| Q2 25 | -15.3% | -28.4% | ||
| Q1 25 | -8.7% | -31.1% | ||
| Q4 24 | -91.8% | -68.1% | ||
| Q3 24 | -4.7% | -25.3% | ||
| Q2 24 | -9.7% | -30.1% | ||
| Q1 24 | 31.6% | -29.7% |
| Q4 25 | $-0.81 | $-0.13 | ||
| Q3 25 | $-0.04 | $-0.22 | ||
| Q2 25 | $-0.22 | $-0.18 | ||
| Q1 25 | $-0.14 | $-0.19 | ||
| Q4 24 | $-1.72 | $-0.43 | ||
| Q3 24 | $-0.08 | $-0.15 | ||
| Q2 24 | $-0.14 | $-0.18 | ||
| Q1 24 | $0.57 | $-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 | $36.7M | $114.6M |
| Total DebtLower is stronger | $0 | — |
| Stockholders' EquityBook value | $196.4M | $128.1M |
| Total Assets | $249.0M | $173.6M |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $36.7M | $114.6M | ||
| Q3 25 | $29.5M | $113.5M | ||
| Q2 25 | $28.5M | $114.5M | ||
| Q1 25 | $41.3M | $118.8M | ||
| Q4 24 | $45.4M | $129.1M | ||
| Q3 24 | $36.4M | $126.8M | ||
| Q2 24 | $46.2M | $130.0M | ||
| Q1 24 | $47.5M | $148.7M |
| Q4 25 | $0 | — | ||
| Q3 25 | $2.0M | — | ||
| Q2 25 | $1.9M | — | ||
| Q1 25 | $1.9M | — | ||
| Q4 24 | $1.9M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $37.0K | — |
| Q4 25 | $196.4M | $128.1M | ||
| Q3 25 | $225.8M | $130.6M | ||
| Q2 25 | $225.1M | $137.9M | ||
| Q1 25 | $229.3M | $142.2M | ||
| Q4 24 | $233.1M | $147.5M | ||
| Q3 24 | $308.5M | $167.3M | ||
| Q2 24 | $307.3M | $170.9M | ||
| Q1 24 | $310.4M | $193.2M |
| Q4 25 | $249.0M | $173.6M | ||
| Q3 25 | $283.1M | $174.8M | ||
| Q2 25 | $286.5M | $164.9M | ||
| Q1 25 | $292.8M | $168.0M | ||
| Q4 24 | $294.1M | $180.3M | ||
| Q3 24 | $375.3M | $194.4M | ||
| Q2 24 | $369.4M | $198.0M | ||
| Q1 24 | $377.0M | $217.3M |
| Q4 25 | 0.00× | — | ||
| Q3 25 | 0.01× | — | ||
| Q2 25 | 0.01× | — | ||
| Q1 25 | 0.01× | — | ||
| Q4 24 | 0.01× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.00× | — |
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 | $12.5M | $762.0K |
| Free Cash FlowOCF − Capex | $11.6M | $255.0K |
| FCF MarginFCF / Revenue | 17.7% | 0.6% |
| Capex IntensityCapex / Revenue | 1.4% | 1.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-9.9M | $-18.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.5M | $762.0K | ||
| Q3 25 | $-5.7M | $-979.0K | ||
| Q2 25 | $-9.4M | $-4.2M | ||
| Q1 25 | $-2.1M | $-10.5M | ||
| Q4 24 | $16.6M | $2.1M | ||
| Q3 24 | $-8.3M | $-2.9M | ||
| Q2 24 | $834.0K | $-650.0K | ||
| Q1 24 | $-16.4M | $-7.3M |
| Q4 25 | $11.6M | $255.0K | ||
| Q3 25 | $-7.0M | $-2.0M | ||
| Q2 25 | $-11.3M | $-5.2M | ||
| Q1 25 | $-3.3M | $-11.0M | ||
| Q4 24 | $14.4M | $1.5M | ||
| Q3 24 | $-9.4M | $-3.7M | ||
| Q2 24 | $-744.0K | $-1.3M | ||
| Q1 24 | $-18.3M | $-8.0M |
| Q4 25 | 17.7% | 0.6% | ||
| Q3 25 | -10.0% | -5.0% | ||
| Q2 25 | -20.4% | -13.6% | ||
| Q1 25 | -5.4% | -30.1% | ||
| Q4 24 | 20.1% | 4.1% | ||
| Q3 24 | -14.0% | -10.3% | ||
| Q2 24 | -1.3% | -3.6% | ||
| Q1 24 | -26.3% | -22.5% |
| Q4 25 | 1.4% | 1.2% | ||
| Q3 25 | 1.8% | 2.6% | ||
| Q2 25 | 3.4% | 2.5% | ||
| Q1 25 | 2.0% | 1.4% | ||
| Q4 24 | 3.1% | 1.5% | ||
| Q3 24 | 1.6% | 2.4% | ||
| Q2 24 | 2.8% | 1.8% | ||
| Q1 24 | 2.7% | 1.9% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -0.75× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CLAR
| Other | $37.1M | 57% |
| Outdoor Segment | $25.3M | 39% |
| Adventure Segment | $3.0M | 5% |
LAW
| Software | $35.1M | 85% |
| Services | $6.0M | 15% |
