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Side-by-side financial comparison of Ellington Financial Inc. (EFC) and CS Disco, Inc. (LAW). Click either name above to swap in a different company.
Ellington Financial Inc. is the larger business by last-quarter revenue ($78.2M vs $41.2M, roughly 1.9× CS Disco, Inc.). Ellington Financial Inc. runs the higher net margin — 28.9% vs -20.7%, a 49.6% gap on every dollar of revenue. On growth, CS Disco, Inc. posted the faster year-over-year revenue change (11.3% vs 8.7%). Over the past eight quarters, CS Disco, Inc.'s revenue compounded faster (7.6% CAGR vs 1.8%).
Ellington Management Group is an American hedge fund firm. As of June 2019, the firm was reportedly managing $8.5 billion in structured products and other credit instruments.
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.
EFC vs LAW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $78.2M | $41.2M |
| Net Profit | $22.6M | $-8.5M |
| Gross Margin | — | 75.1% |
| Operating Margin | 7.4% | -22.4% |
| Net Margin | 28.9% | -20.7% |
| Revenue YoY | 8.7% | 11.3% |
| Net Profit YoY | -26.2% | 66.3% |
| EPS (diluted) | $0.10 | $-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 | $78.2M | $41.2M | ||
| Q3 25 | $82.8M | $40.9M | ||
| Q2 25 | $92.5M | $38.1M | ||
| Q1 25 | $82.9M | $36.7M | ||
| Q4 24 | $72.0M | $37.0M | ||
| Q3 24 | $67.0M | $36.3M | ||
| Q2 24 | $91.2M | $36.0M | ||
| Q1 24 | $75.5M | $35.6M |
| Q4 25 | $22.6M | $-8.5M | ||
| Q3 25 | $29.5M | $-13.7M | ||
| Q2 25 | $42.9M | $-10.8M | ||
| Q1 25 | $31.6M | $-11.4M | ||
| Q4 24 | $30.7M | $-25.2M | ||
| Q3 24 | $16.2M | $-9.2M | ||
| Q2 24 | $52.3M | $-10.8M | ||
| Q1 24 | $26.9M | $-10.6M |
| 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% |
| Q4 25 | 7.4% | -22.4% | ||
| Q3 25 | 31.1% | -35.3% | ||
| Q2 25 | 38.3% | -31.0% | ||
| Q1 25 | 37.3% | -34.4% | ||
| Q4 24 | 28.0% | -70.6% | ||
| Q3 24 | 24.0% | -30.0% | ||
| Q2 24 | 52.8% | -34.4% | ||
| Q1 24 | 42.2% | -34.7% |
| Q4 25 | 28.9% | -20.7% | ||
| Q3 25 | 35.7% | -33.4% | ||
| Q2 25 | 46.4% | -28.4% | ||
| Q1 25 | 38.2% | -31.1% | ||
| Q4 24 | 42.6% | -68.1% | ||
| Q3 24 | 24.1% | -25.3% | ||
| Q2 24 | 57.4% | -30.1% | ||
| Q1 24 | 35.6% | -29.7% |
| Q4 25 | $0.10 | $-0.13 | ||
| Q3 25 | $0.29 | $-0.22 | ||
| Q2 25 | $0.45 | $-0.18 | ||
| Q1 25 | $0.35 | $-0.19 | ||
| Q4 24 | $0.23 | $-0.43 | ||
| Q3 24 | $0.19 | $-0.15 | ||
| Q2 24 | $0.62 | $-0.18 | ||
| Q1 24 | $0.32 | $-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 | $201.9M | $114.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.8B | $128.1M |
| Total Assets | $19.4B | $173.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $201.9M | $114.6M | ||
| Q3 25 | $184.8M | $113.5M | ||
| Q2 25 | $211.0M | $114.5M | ||
| Q1 25 | $203.3M | $118.8M | ||
| Q4 24 | $192.4M | $129.1M | ||
| Q3 24 | $217.7M | $126.8M | ||
| Q2 24 | $198.5M | $130.0M | ||
| Q1 24 | $187.5M | $148.7M |
| Q4 25 | $1.8B | $128.1M | ||
| Q3 25 | $1.8B | $130.6M | ||
| Q2 25 | $1.7B | $137.9M | ||
| Q1 25 | $1.6B | $142.2M | ||
| Q4 24 | $1.6B | $147.5M | ||
| Q3 24 | $1.6B | $167.3M | ||
| Q2 24 | $1.6B | $170.9M | ||
| Q1 24 | $1.5B | $193.2M |
| Q4 25 | $19.4B | $173.6M | ||
| Q3 25 | $17.8B | $174.8M | ||
| Q2 25 | $17.1B | $164.9M | ||
| Q1 25 | $16.6B | $168.0M | ||
| Q4 24 | $16.3B | $180.3M | ||
| Q3 24 | $16.0B | $194.4M | ||
| Q2 24 | $15.1B | $198.0M | ||
| Q1 24 | $15.1B | $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 | $-925.5M | $762.0K |
| Free Cash FlowOCF − Capex | — | $255.0K |
| FCF MarginFCF / Revenue | — | 0.6% |
| Capex IntensityCapex / Revenue | 0.0% | 1.2% |
| Cash ConversionOCF / Net Profit | -40.92× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-18.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-925.5M | $762.0K | ||
| Q3 25 | $-290.4M | $-979.0K | ||
| Q2 25 | $-210.5M | $-4.2M | ||
| Q1 25 | $-126.4M | $-10.5M | ||
| Q4 24 | $-430.5M | $2.1M | ||
| Q3 24 | $-141.7M | $-2.9M | ||
| Q2 24 | $-88.6M | $-650.0K | ||
| Q1 24 | $-59.5M | $-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 | 0.0% | 1.2% | ||
| Q3 25 | — | 2.6% | ||
| Q2 25 | — | 2.5% | ||
| Q1 25 | — | 1.4% | ||
| Q4 24 | 0.0% | 1.5% | ||
| Q3 24 | 0.0% | 2.4% | ||
| Q2 24 | 0.0% | 1.8% | ||
| Q1 24 | 0.0% | 1.9% |
| Q4 25 | -40.92× | — | ||
| Q3 25 | -9.84× | — | ||
| Q2 25 | -4.90× | — | ||
| Q1 25 | -3.99× | — | ||
| Q4 24 | -14.04× | — | ||
| Q3 24 | -8.76× | — | ||
| Q2 24 | -1.69× | — | ||
| Q1 24 | -2.21× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EFC
Segment breakdown not available.
LAW
| Software | $35.1M | 85% |
| Services | $6.0M | 15% |
