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Side-by-side financial comparison of Expensify, Inc. (EXFY) 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 $35.2M, roughly 1.2× Expensify, Inc.). On growth, CS Disco, Inc. posted the faster year-over-year revenue change (11.3% vs -4.9%). Over the past eight quarters, CS Disco, Inc.'s revenue compounded faster (7.6% CAGR vs 2.4%).
Expensify, Inc. is a software company that develops an expense management system for personal and business use. Expensify also offers a business credit card called the Expensify Card.
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.
EXFY vs LAW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $35.2M | $41.2M |
| Net Profit | — | $-8.5M |
| Gross Margin | 49.2% | 75.1% |
| Operating Margin | -11.2% | -22.4% |
| Net Margin | — | -20.7% |
| Revenue YoY | -4.9% | 11.3% |
| Net Profit YoY | — | 66.3% |
| EPS (diluted) | $-0.07 | $-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 | $35.2M | $41.2M | ||
| Q3 25 | $35.1M | $40.9M | ||
| Q2 25 | $35.8M | $38.1M | ||
| Q1 25 | $36.1M | $36.7M | ||
| Q4 24 | $37.0M | $37.0M | ||
| Q3 24 | $35.4M | $36.3M | ||
| Q2 24 | $33.3M | $36.0M | ||
| Q1 24 | $33.5M | $35.6M |
| Q4 25 | — | $-8.5M | ||
| Q3 25 | $-2.3M | $-13.7M | ||
| Q2 25 | $-8.8M | $-10.8M | ||
| Q1 25 | $-3.2M | $-11.4M | ||
| Q4 24 | — | $-25.2M | ||
| Q3 24 | $-2.2M | $-9.2M | ||
| Q2 24 | $-2.8M | $-10.8M | ||
| Q1 24 | $-3.8M | $-10.6M |
| Q4 25 | 49.2% | 75.1% | ||
| Q3 25 | 49.6% | 75.5% | ||
| Q2 25 | 51.9% | 74.6% | ||
| Q1 25 | 50.6% | 74.1% | ||
| Q4 24 | 51.0% | 74.2% | ||
| Q3 24 | 51.6% | 73.1% | ||
| Q2 24 | 56.9% | 74.2% | ||
| Q1 24 | 56.5% | 75.1% |
| Q4 25 | -11.2% | -22.4% | ||
| Q3 25 | -6.4% | -35.3% | ||
| Q2 25 | -28.9% | -31.0% | ||
| Q1 25 | -4.1% | -34.4% | ||
| Q4 24 | 1.3% | -70.6% | ||
| Q3 24 | 0.8% | -30.0% | ||
| Q2 24 | 0.7% | -34.4% | ||
| Q1 24 | -5.3% | -34.7% |
| Q4 25 | — | -20.7% | ||
| Q3 25 | -6.6% | -33.4% | ||
| Q2 25 | -24.6% | -28.4% | ||
| Q1 25 | -8.8% | -31.1% | ||
| Q4 24 | — | -68.1% | ||
| Q3 24 | -6.2% | -25.3% | ||
| Q2 24 | -8.3% | -30.1% | ||
| Q1 24 | -11.3% | -29.7% |
| Q4 25 | $-0.07 | $-0.13 | ||
| Q3 25 | $-0.03 | $-0.22 | ||
| Q2 25 | $-0.10 | $-0.18 | ||
| Q1 25 | $-0.03 | $-0.19 | ||
| Q4 24 | $-0.03 | $-0.43 | ||
| Q3 24 | $-0.02 | $-0.15 | ||
| Q2 24 | $-0.03 | $-0.18 | ||
| Q1 24 | $-0.04 | $-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 | $63.1M | $114.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $132.7M | $128.1M |
| Total Assets | $186.0M | $173.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.1M | $114.6M | ||
| Q3 25 | $61.5M | $113.5M | ||
| Q2 25 | $60.5M | $114.5M | ||
| Q1 25 | $59.6M | $118.8M | ||
| Q4 24 | $48.8M | $129.1M | ||
| Q3 24 | $39.2M | $126.8M | ||
| Q2 24 | $53.2M | $130.0M | ||
| Q1 24 | $49.3M | $148.7M |
| Q4 25 | $132.7M | $128.1M | ||
| Q3 25 | $135.7M | $130.6M | ||
| Q2 25 | $131.8M | $137.9M | ||
| Q1 25 | $134.7M | $142.2M | ||
| Q4 24 | $128.2M | $147.5M | ||
| Q3 24 | $119.9M | $167.3M | ||
| Q2 24 | $114.0M | $170.9M | ||
| Q1 24 | $106.5M | $193.2M |
| Q4 25 | $186.0M | $173.6M | ||
| Q3 25 | $186.8M | $174.8M | ||
| Q2 25 | $187.1M | $164.9M | ||
| Q1 25 | $189.2M | $168.0M | ||
| Q4 24 | $173.7M | $180.3M | ||
| Q3 24 | $176.2M | $194.4M | ||
| Q2 24 | $192.9M | $198.0M | ||
| Q1 24 | $184.8M | $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 | $2.2M | $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 | $2.2M | $762.0K | ||
| Q3 25 | $4.2M | $-979.0K | ||
| Q2 25 | $8.9M | $-4.2M | ||
| Q1 25 | $4.8M | $-10.5M | ||
| Q4 24 | $7.4M | $2.1M | ||
| Q3 24 | $3.7M | $-2.9M | ||
| Q2 24 | $9.3M | $-650.0K | ||
| Q1 24 | $3.5M | $-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 | — | 1.2% | ||
| Q3 25 | 0.0% | 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% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EXFY
Segment breakdown not available.
LAW
| Software | $35.1M | 85% |
| Services | $6.0M | 15% |
