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Side-by-side financial comparison of GRAIL, Inc. (GRAL) and CS Disco, Inc. (LAW). Click either name above to swap in a different company.
GRAIL, Inc. is the larger business by last-quarter revenue ($43.6M vs $41.9M, roughly 1.0× CS Disco, Inc.). CS Disco, Inc. runs the higher net margin — -23.0% vs -227.5%, a 204.5% gap on every dollar of revenue. On growth, CS Disco, Inc. posted the faster year-over-year revenue change (14.3% vs 14.0%). Over the past eight quarters, GRAIL, Inc.'s revenue compounded faster (27.7% CAGR vs 7.9%).
GRAIL, Inc. is an American biotechnology company based in Menlo Park, California founded in 2015 seeking to develop an early cancer screening test for people who do not have symptoms. As a startup it was a subsidiary of Illumina, which bought it outright in 2021.
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.
GRAL vs LAW — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $43.6M | $41.9M |
| Net Profit | $-99.2M | $-9.6M |
| Gross Margin | — | 74.2% |
| Operating Margin | -285.4% | 1.7% |
| Net Margin | -227.5% | -23.0% |
| Revenue YoY | 14.0% | 14.3% |
| Net Profit YoY | -2.2% | 15.6% |
| EPS (diluted) | $-2.37 | $-0.15 |
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.
| Q1 26 | — | $41.9M | ||
| Q4 25 | $43.6M | $41.2M | ||
| Q3 25 | $36.2M | $40.9M | ||
| Q2 25 | $35.5M | $38.1M | ||
| Q1 25 | $31.8M | $36.7M | ||
| Q4 24 | $38.3M | $37.0M | ||
| Q3 24 | $28.7M | $36.3M | ||
| Q2 24 | $32.0M | $36.0M |
| Q1 26 | — | $-9.6M | ||
| Q4 25 | $-99.2M | $-8.5M | ||
| Q3 25 | $-89.0M | $-13.7M | ||
| Q2 25 | $-114.0M | $-10.8M | ||
| Q1 25 | $-106.2M | $-11.4M | ||
| Q4 24 | $-97.1M | $-25.2M | ||
| Q3 24 | $-125.7M | $-9.2M | ||
| Q2 24 | $-1.6B | $-10.8M |
| Q1 26 | — | 74.2% | ||
| 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 26 | — | 1.7% | ||
| Q4 25 | -285.4% | -22.4% | ||
| Q3 25 | -346.2% | -35.3% | ||
| Q2 25 | -446.9% | -31.0% | ||
| Q1 25 | -482.5% | -34.4% | ||
| Q4 24 | -358.0% | -70.6% | ||
| Q3 24 | -640.5% | -30.0% | ||
| Q2 24 | -5133.8% | -34.4% |
| Q1 26 | — | -23.0% | ||
| Q4 25 | -227.5% | -20.7% | ||
| Q3 25 | -245.8% | -33.4% | ||
| Q2 25 | -320.7% | -28.4% | ||
| Q1 25 | -333.6% | -31.1% | ||
| Q4 24 | -253.8% | -68.1% | ||
| Q3 24 | -438.7% | -25.3% | ||
| Q2 24 | -4958.8% | -30.1% |
| Q1 26 | — | $-0.15 | ||
| Q4 25 | $-2.37 | $-0.13 | ||
| Q3 25 | $-2.46 | $-0.22 | ||
| Q2 25 | $-3.18 | $-0.18 | ||
| Q1 25 | $-3.10 | $-0.19 | ||
| Q4 24 | $-1.49 | $-0.43 | ||
| Q3 24 | $-3.94 | $-0.15 | ||
| Q2 24 | $-51.06 | $-0.18 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $249.7M | $103.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.6B | $123.9M |
| Total Assets | $2.9B | $162.4M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $103.0M | ||
| Q4 25 | $249.7M | $114.6M | ||
| Q3 25 | $126.9M | $113.5M | ||
| Q2 25 | $127.4M | $114.5M | ||
| Q1 25 | $133.9M | $118.8M | ||
| Q4 24 | $214.2M | $129.1M | ||
| Q3 24 | $853.6M | $126.8M | ||
| Q2 24 | $958.8M | $130.0M |
| Q1 26 | — | $123.9M | ||
| Q4 25 | $2.6B | $128.1M | ||
| Q3 25 | $2.2B | $130.6M | ||
| Q2 25 | $2.3B | $137.9M | ||
| Q1 25 | $2.4B | $142.2M | ||
| Q4 24 | $2.5B | $147.5M | ||
| Q3 24 | $2.6B | $167.3M | ||
| Q2 24 | $2.7B | $170.9M |
| Q1 26 | — | $162.4M | ||
| Q4 25 | $2.9B | $173.6M | ||
| Q3 25 | $2.6B | $174.8M | ||
| Q2 25 | $2.7B | $164.9M | ||
| Q1 25 | $2.8B | $168.0M | ||
| Q4 24 | $3.0B | $180.3M | ||
| Q3 24 | $3.1B | $194.4M | ||
| Q2 24 | $3.3B | $198.0M |
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 | $-63.8M | $-11.7M |
| Free Cash FlowOCF − Capex | $-63.9M | — |
| FCF MarginFCF / Revenue | -146.5% | — |
| Capex IntensityCapex / Revenue | 0.2% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-299.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $-11.7M | ||
| Q4 25 | $-63.8M | $762.0K | ||
| Q3 25 | $-63.2M | $-979.0K | ||
| Q2 25 | $-77.0M | $-4.2M | ||
| Q1 25 | $-95.0M | $-10.5M | ||
| Q4 24 | — | $2.1M | ||
| Q3 24 | $-104.6M | $-2.9M | ||
| Q2 24 | $-171.8M | $-650.0K |
| Q1 26 | — | — | ||
| Q4 25 | $-63.9M | $255.0K | ||
| Q3 25 | $-63.6M | $-2.0M | ||
| Q2 25 | $-77.3M | $-5.2M | ||
| Q1 25 | $-95.1M | $-11.0M | ||
| Q4 24 | — | $1.5M | ||
| Q3 24 | $-105.6M | $-3.7M | ||
| Q2 24 | $-173.2M | $-1.3M |
| Q1 26 | — | — | ||
| Q4 25 | -146.5% | 0.6% | ||
| Q3 25 | -175.8% | -5.0% | ||
| Q2 25 | -217.6% | -13.6% | ||
| Q1 25 | -298.6% | -30.1% | ||
| Q4 24 | — | 4.1% | ||
| Q3 24 | -368.4% | -10.3% | ||
| Q2 24 | -541.7% | -3.6% |
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 1.2% | ||
| Q3 25 | 1.1% | 2.6% | ||
| Q2 25 | 1.0% | 2.5% | ||
| Q1 25 | 0.2% | 1.4% | ||
| Q4 24 | — | 1.5% | ||
| Q3 24 | 3.4% | 2.4% | ||
| Q2 24 | 4.3% | 1.8% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GRAL
| Screening Revenue | $42.3M | 97% |
| Developmental Services Revenue | $1.3M | 3% |
LAW
Segment breakdown not available.
