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Side-by-side financial comparison of Clearfield, Inc. (CLFD) 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 $34.3M, roughly 1.2× Clearfield, Inc.). Clearfield, Inc. runs the higher net margin — -1.8% vs -20.7%, a 18.9% gap on every dollar of revenue. On growth, CS Disco, Inc. posted the faster year-over-year revenue change (11.3% vs -3.2%). CS Disco, Inc. produced more free cash flow last quarter ($255.0K vs $-2.4M). Over the past eight quarters, CS Disco, Inc.'s revenue compounded faster (7.6% CAGR vs -3.5%).
Clearfield, Inc. is a company headquartered in Minneapolis, Minnesota. The company produces fiber optic products.
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.
CLFD vs LAW — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $34.3M | $41.2M |
| Net Profit | $-614.0K | $-8.5M |
| Gross Margin | 33.2% | 75.1% |
| Operating Margin | -5.3% | -22.4% |
| Net Margin | -1.8% | -20.7% |
| Revenue YoY | -3.2% | 11.3% |
| Net Profit YoY | 67.8% | 66.3% |
| EPS (diluted) | $-0.04 | $-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 | $34.3M | $41.2M | ||
| Q3 25 | $23.4M | $40.9M | ||
| Q2 25 | $49.9M | $38.1M | ||
| Q1 25 | $47.2M | $36.7M | ||
| Q4 24 | $29.7M | $37.0M | ||
| Q3 24 | $5.6M | $36.3M | ||
| Q2 24 | $48.8M | $36.0M | ||
| Q1 24 | $36.9M | $35.6M |
| Q4 25 | $-614.0K | $-8.5M | ||
| Q3 25 | $-9.1M | $-13.7M | ||
| Q2 25 | $1.6M | $-10.8M | ||
| Q1 25 | $1.3M | $-11.4M | ||
| Q4 24 | $-1.9M | $-25.2M | ||
| Q3 24 | — | $-9.2M | ||
| Q2 24 | $-447.0K | $-10.8M | ||
| Q1 24 | $-5.9M | $-10.6M |
| Q4 25 | 33.2% | 75.1% | ||
| Q3 25 | 53.2% | 75.5% | ||
| Q2 25 | 30.5% | 74.6% | ||
| Q1 25 | 30.1% | 74.1% | ||
| Q4 24 | 29.2% | 74.2% | ||
| Q3 24 | — | 73.1% | ||
| Q2 24 | 21.9% | 74.2% | ||
| Q1 24 | 7.7% | 75.1% |
| Q4 25 | -5.3% | -22.4% | ||
| Q3 25 | 10.3% | -35.3% | ||
| Q2 25 | 3.0% | -31.0% | ||
| Q1 25 | 0.6% | -34.4% | ||
| Q4 24 | -6.9% | -70.6% | ||
| Q3 24 | — | -30.0% | ||
| Q2 24 | -4.7% | -34.4% | ||
| Q1 24 | -26.4% | -34.7% |
| Q4 25 | -1.8% | -20.7% | ||
| Q3 25 | -38.8% | -33.4% | ||
| Q2 25 | 3.2% | -28.4% | ||
| Q1 25 | 2.8% | -31.1% | ||
| Q4 24 | -6.4% | -68.1% | ||
| Q3 24 | — | -25.3% | ||
| Q2 24 | -0.9% | -30.1% | ||
| Q1 24 | -16.0% | -29.7% |
| Q4 25 | $-0.04 | $-0.13 | ||
| Q3 25 | $-0.65 | $-0.22 | ||
| Q2 25 | $0.11 | $-0.18 | ||
| Q1 25 | $0.09 | $-0.19 | ||
| Q4 24 | $-0.13 | $-0.43 | ||
| Q3 24 | — | $-0.15 | ||
| Q2 24 | $-0.04 | $-0.18 | ||
| Q1 24 | $-0.40 | $-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 | $96.4M | $114.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $249.7M | $128.1M |
| Total Assets | $268.1M | $173.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $96.4M | $114.6M | ||
| Q3 25 | $106.0M | $113.5M | ||
| Q2 25 | $117.2M | $114.5M | ||
| Q1 25 | $112.0M | $118.8M | ||
| Q4 24 | $113.0M | $129.1M | ||
| Q3 24 | $129.0M | $126.8M | ||
| Q2 24 | $123.8M | $130.0M | ||
| Q1 24 | $142.9M | $148.7M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $2.2M | — | ||
| Q2 24 | $2.1M | — | ||
| Q1 24 | — | — |
| Q4 25 | $249.7M | $128.1M | ||
| Q3 25 | $256.2M | $130.6M | ||
| Q2 25 | $264.5M | $137.9M | ||
| Q1 25 | $265.9M | $142.2M | ||
| Q4 24 | $267.4M | $147.5M | ||
| Q3 24 | $275.8M | $167.3M | ||
| Q2 24 | $274.6M | $170.9M | ||
| Q1 24 | $279.2M | $193.2M |
| Q4 25 | $268.1M | $173.6M | ||
| Q3 25 | $306.2M | $174.8M | ||
| Q2 25 | $314.7M | $164.9M | ||
| Q1 25 | $310.9M | $168.0M | ||
| Q4 24 | $303.2M | $180.3M | ||
| Q3 24 | $315.3M | $194.4M | ||
| Q2 24 | $318.1M | $198.0M | ||
| Q1 24 | $315.4M | $217.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.01× | — | ||
| Q2 24 | 0.01× | — | ||
| 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 | $-1.4M | $762.0K |
| Free Cash FlowOCF − Capex | $-2.4M | $255.0K |
| FCF MarginFCF / Revenue | -7.1% | 0.6% |
| Capex IntensityCapex / Revenue | 2.9% | 1.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-18.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.4M | $762.0K | ||
| Q3 25 | — | $-979.0K | ||
| Q2 25 | $7.9M | $-4.2M | ||
| Q1 25 | $3.0M | $-10.5M | ||
| Q4 24 | $7.2M | $2.1M | ||
| Q3 24 | $22.2M | $-2.9M | ||
| Q2 24 | $4.0M | $-650.0K | ||
| Q1 24 | $-5.7M | $-7.3M |
| Q4 25 | $-2.4M | $255.0K | ||
| Q3 25 | — | $-2.0M | ||
| Q2 25 | $7.5M | $-5.2M | ||
| Q1 25 | $654.0K | $-11.0M | ||
| Q4 24 | $5.1M | $1.5M | ||
| Q3 24 | $18.2M | $-3.7M | ||
| Q2 24 | $2.8M | $-1.3M | ||
| Q1 24 | $-7.7M | $-8.0M |
| Q4 25 | -7.1% | 0.6% | ||
| Q3 25 | — | -5.0% | ||
| Q2 25 | 15.1% | -13.6% | ||
| Q1 25 | 1.4% | -30.1% | ||
| Q4 24 | 17.1% | 4.1% | ||
| Q3 24 | 323.0% | -10.3% | ||
| Q2 24 | 5.8% | -3.6% | ||
| Q1 24 | -20.8% | -22.5% |
| Q4 25 | 2.9% | 1.2% | ||
| Q3 25 | 2.0% | 2.6% | ||
| Q2 25 | 0.8% | 2.5% | ||
| Q1 25 | 5.1% | 1.4% | ||
| Q4 24 | 7.0% | 1.5% | ||
| Q3 24 | 71.4% | 2.4% | ||
| Q2 24 | 2.5% | 1.8% | ||
| Q1 24 | 5.3% | 1.9% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 4.93× | — | ||
| Q1 25 | 2.30× | — | ||
| 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
CLFD
Segment breakdown not available.
LAW
| Software | $35.1M | 85% |
| Services | $6.0M | 15% |
