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Side-by-side financial comparison of Farmland Partners Inc. (FPI) 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 $20.7M, roughly 2.0× Farmland Partners Inc.). Farmland Partners Inc. runs the higher net margin — 103.4% vs -20.7%, a 124.1% gap on every dollar of revenue. On growth, CS Disco, Inc. posted the faster year-over-year revenue change (11.3% vs -3.5%). Over the past eight quarters, Farmland Partners Inc.'s revenue compounded faster (31.4% CAGR vs 7.6%).
Farmland Industries was the largest agricultural cooperative in North America when it eventually sold all of its assets in 2002–04. During its 74-year history, Farmland served its farmer membership as a diversified, integrated organization, playing a significant role in agricultural markets both domestically and worldwide.
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.
FPI vs LAW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $20.7M | $41.2M |
| Net Profit | $21.4M | $-8.5M |
| Gross Margin | — | 75.1% |
| Operating Margin | — | -22.4% |
| Net Margin | 103.4% | -20.7% |
| Revenue YoY | -3.5% | 11.3% |
| Net Profit YoY | -63.5% | 66.3% |
| EPS (diluted) | $0.44 | $-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 | $20.7M | $41.2M | ||
| Q3 25 | $11.3M | $40.9M | ||
| Q2 25 | $10.0M | $38.1M | ||
| Q1 25 | $10.3M | $36.7M | ||
| Q4 24 | $21.5M | $37.0M | ||
| Q3 24 | $13.3M | $36.3M | ||
| Q2 24 | $11.4M | $36.0M | ||
| Q1 24 | $12.0M | $35.6M |
| Q4 25 | $21.4M | $-8.5M | ||
| Q3 25 | $483.0K | $-13.7M | ||
| Q2 25 | $7.6M | $-10.8M | ||
| Q1 25 | $2.0M | $-11.4M | ||
| Q4 24 | $58.7M | $-25.2M | ||
| Q3 24 | $1.8M | $-9.2M | ||
| Q2 24 | $-2.0M | $-10.8M | ||
| Q1 24 | $1.4M | $-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 | — | -22.4% | ||
| Q3 25 | 4.3% | -35.3% | ||
| Q2 25 | 78.2% | -31.0% | ||
| Q1 25 | 20.6% | -34.4% | ||
| Q4 24 | — | -70.6% | ||
| Q3 24 | 13.9% | -30.0% | ||
| Q2 24 | -17.9% | -34.4% | ||
| Q1 24 | 11.9% | -34.7% |
| Q4 25 | 103.4% | -20.7% | ||
| Q3 25 | 4.3% | -33.4% | ||
| Q2 25 | 76.3% | -28.4% | ||
| Q1 25 | 19.9% | -31.1% | ||
| Q4 24 | 273.6% | -68.1% | ||
| Q3 24 | 13.5% | -25.3% | ||
| Q2 24 | -17.5% | -30.1% | ||
| Q1 24 | 11.5% | -29.7% |
| Q4 25 | $0.44 | $-0.13 | ||
| Q3 25 | $0.00 | $-0.22 | ||
| Q2 25 | $0.14 | $-0.18 | ||
| Q1 25 | $0.03 | $-0.19 | ||
| Q4 24 | $1.09 | $-0.43 | ||
| Q3 24 | $0.02 | $-0.15 | ||
| Q2 24 | $-0.06 | $-0.18 | ||
| Q1 24 | $0.01 | $-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 | — | $114.6M |
| Total DebtLower is stronger | $161.6M | — |
| Stockholders' EquityBook value | $467.4M | $128.1M |
| Total Assets | $719.1M | $173.6M |
| Debt / EquityLower = less leverage | 0.35× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $114.6M | ||
| Q3 25 | — | $113.5M | ||
| Q2 25 | — | $114.5M | ||
| Q1 25 | — | $118.8M | ||
| Q4 24 | — | $129.1M | ||
| Q3 24 | — | $126.8M | ||
| Q2 24 | — | $130.0M | ||
| Q1 24 | — | $148.7M |
| Q4 25 | $161.6M | — | ||
| Q3 25 | $170.4M | — | ||
| Q2 25 | $193.4M | — | ||
| Q1 25 | $202.6M | — | ||
| Q4 24 | $204.6M | — | ||
| Q3 24 | $394.0M | — | ||
| Q2 24 | $393.0M | — | ||
| Q1 24 | $383.0M | — |
| Q4 25 | $467.4M | $128.1M | ||
| Q3 25 | $457.3M | $130.6M | ||
| Q2 25 | $473.5M | $137.9M | ||
| Q1 25 | $492.2M | $142.2M | ||
| Q4 24 | $494.6M | $147.5M | ||
| Q3 24 | $519.4M | $167.3M | ||
| Q2 24 | $521.5M | $170.9M | ||
| Q1 24 | $526.7M | $193.2M |
| Q4 25 | $719.1M | $173.6M | ||
| Q3 25 | $738.5M | $174.8M | ||
| Q2 25 | $776.7M | $164.9M | ||
| Q1 25 | $810.5M | $168.0M | ||
| Q4 24 | $869.6M | $180.3M | ||
| Q3 24 | $1.0B | $194.4M | ||
| Q2 24 | $1.0B | $198.0M | ||
| Q1 24 | $1.0B | $217.3M |
| Q4 25 | 0.35× | — | ||
| Q3 25 | 0.37× | — | ||
| Q2 25 | 0.41× | — | ||
| Q1 25 | 0.41× | — | ||
| Q4 24 | 0.41× | — | ||
| Q3 24 | 0.76× | — | ||
| Q2 24 | 0.75× | — | ||
| Q1 24 | 0.73× | — |
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 | $17.4M | $762.0K |
| Free Cash FlowOCF − Capex | — | $255.0K |
| FCF MarginFCF / Revenue | — | 0.6% |
| Capex IntensityCapex / Revenue | — | 1.2% |
| Cash ConversionOCF / Net Profit | 0.81× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-18.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $17.4M | $762.0K | ||
| Q3 25 | $-2.0M | $-979.0K | ||
| Q2 25 | $-2.2M | $-4.2M | ||
| Q1 25 | $6.4M | $-10.5M | ||
| Q4 24 | $16.1M | $2.1M | ||
| Q3 24 | $-4.3M | $-2.9M | ||
| Q2 24 | $-6.1M | $-650.0K | ||
| Q1 24 | $11.9M | $-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 | — | 2.6% | ||
| Q2 25 | — | 2.5% | ||
| Q1 25 | — | 1.4% | ||
| Q4 24 | — | 1.5% | ||
| Q3 24 | — | 2.4% | ||
| Q2 24 | — | 1.8% | ||
| Q1 24 | — | 1.9% |
| Q4 25 | 0.81× | — | ||
| Q3 25 | -4.04× | — | ||
| Q2 25 | -0.29× | — | ||
| Q1 25 | 3.12× | — | ||
| Q4 24 | 0.27× | — | ||
| Q3 24 | -2.39× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 8.66× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FPI
Segment breakdown not available.
LAW
| Software | $35.1M | 85% |
| Services | $6.0M | 15% |
