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Side-by-side financial comparison of IRONWOOD PHARMACEUTICALS INC (IRWD) and CS Disco, Inc. (LAW). Click either name above to swap in a different company.
IRONWOOD PHARMACEUTICALS INC is the larger business by last-quarter revenue ($47.7M vs $41.2M, roughly 1.2× CS Disco, Inc.). IRONWOOD PHARMACEUTICALS INC runs the higher net margin — -4.8% vs -20.7%, a 15.9% gap on every dollar of revenue. On growth, CS Disco, Inc. posted the faster year-over-year revenue change (11.3% vs -47.3%). IRONWOOD PHARMACEUTICALS INC produced more free cash flow last quarter ($74.6M vs $255.0K). Over the past eight quarters, CS Disco, Inc.'s revenue compounded faster (7.6% CAGR vs -20.2%).
Ironwood Pharmaceuticals, Inc. is a publicly traded pharmaceutical company. It was originally called Microbia, Inc.
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.
IRWD vs LAW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $47.7M | $41.2M |
| Net Profit | $-2.3M | $-8.5M |
| Gross Margin | — | 75.1% |
| Operating Margin | 14.3% | -22.4% |
| Net Margin | -4.8% | -20.7% |
| Revenue YoY | -47.3% | 11.3% |
| Net Profit YoY | -200.9% | 66.3% |
| EPS (diluted) | $0.01 | $-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 | $47.7M | $41.2M | ||
| Q3 25 | $122.1M | $40.9M | ||
| Q2 25 | $85.2M | $38.1M | ||
| Q1 25 | $41.1M | $36.7M | ||
| Q4 24 | $90.5M | $37.0M | ||
| Q3 24 | $91.6M | $36.3M | ||
| Q2 24 | $94.4M | $36.0M | ||
| Q1 24 | $74.9M | $35.6M |
| Q4 25 | $-2.3M | $-8.5M | ||
| Q3 25 | $40.1M | $-13.7M | ||
| Q2 25 | $23.6M | $-10.8M | ||
| Q1 25 | $-37.4M | $-11.4M | ||
| Q4 24 | $2.3M | $-25.2M | ||
| Q3 24 | $3.6M | $-9.2M | ||
| Q2 24 | $-860.0K | $-10.8M | ||
| Q1 24 | $-4.2M | $-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 | 14.3% | -22.4% | ||
| Q3 25 | 61.8% | -35.3% | ||
| Q2 25 | 53.2% | -31.0% | ||
| Q1 25 | -70.7% | -34.4% | ||
| Q4 24 | 34.8% | -70.6% | ||
| Q3 24 | 28.0% | -30.0% | ||
| Q2 24 | 26.5% | -34.4% | ||
| Q1 24 | 14.7% | -34.7% |
| Q4 25 | -4.8% | -20.7% | ||
| Q3 25 | 32.8% | -33.4% | ||
| Q2 25 | 27.7% | -28.4% | ||
| Q1 25 | -90.9% | -31.1% | ||
| Q4 24 | 2.5% | -68.1% | ||
| Q3 24 | 4.0% | -25.3% | ||
| Q2 24 | -0.9% | -30.1% | ||
| Q1 24 | -5.6% | -29.7% |
| Q4 25 | $0.01 | $-0.13 | ||
| Q3 25 | $0.23 | $-0.22 | ||
| Q2 25 | $0.14 | $-0.18 | ||
| Q1 25 | $-0.23 | $-0.19 | ||
| Q4 24 | $0.03 | $-0.43 | ||
| Q3 24 | $0.02 | $-0.15 | ||
| Q2 24 | $-0.01 | $-0.18 | ||
| Q1 24 | $-0.03 | $-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 | $215.5M | $114.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-261.8M | $128.1M |
| Total Assets | $396.9M | $173.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $215.5M | $114.6M | ||
| Q3 25 | $140.4M | $113.5M | ||
| Q2 25 | $92.9M | $114.5M | ||
| Q1 25 | $108.5M | $118.8M | ||
| Q4 24 | $88.6M | $129.1M | ||
| Q3 24 | $88.2M | $126.8M | ||
| Q2 24 | $105.5M | $130.0M | ||
| Q1 24 | $121.5M | $148.7M |
| Q4 25 | — | — | ||
| Q3 25 | $199.5M | — | ||
| Q2 25 | $199.3M | — | ||
| Q1 25 | $199.2M | — | ||
| Q4 24 | $199.0M | — | ||
| Q3 24 | $198.8M | — | ||
| Q2 24 | $198.6M | — | ||
| Q1 24 | $398.3M | — |
| Q4 25 | $-261.8M | $128.1M | ||
| Q3 25 | $-264.2M | $130.6M | ||
| Q2 25 | $-308.2M | $137.9M | ||
| Q1 25 | $-334.1M | $142.2M | ||
| Q4 24 | $-301.3M | $147.5M | ||
| Q3 24 | $-311.3M | $167.3M | ||
| Q2 24 | $-321.7M | $170.9M | ||
| Q1 24 | $-330.5M | $193.2M |
| Q4 25 | $396.9M | $173.6M | ||
| Q3 25 | $396.1M | $174.8M | ||
| Q2 25 | $342.9M | $164.9M | ||
| Q1 25 | $327.2M | $168.0M | ||
| Q4 24 | $350.9M | $180.3M | ||
| Q3 24 | $389.5M | $194.4M | ||
| Q2 24 | $395.6M | $198.0M | ||
| Q1 24 | $438.8M | $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 | $74.6M | $762.0K |
| Free Cash FlowOCF − Capex | $74.6M | $255.0K |
| FCF MarginFCF / Revenue | 156.3% | 0.6% |
| Capex IntensityCapex / Revenue | 0.0% | 1.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $127.0M | $-18.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $74.6M | $762.0K | ||
| Q3 25 | $47.6M | $-979.0K | ||
| Q2 25 | $-15.1M | $-4.2M | ||
| Q1 25 | $20.0M | $-10.5M | ||
| Q4 24 | $15.2M | $2.1M | ||
| Q3 24 | $9.9M | $-2.9M | ||
| Q2 24 | $33.5M | $-650.0K | ||
| Q1 24 | $45.0M | $-7.3M |
| Q4 25 | $74.6M | $255.0K | ||
| Q3 25 | $47.6M | $-2.0M | ||
| Q2 25 | $-15.1M | $-5.2M | ||
| Q1 25 | $19.9M | $-11.0M | ||
| Q4 24 | — | $1.5M | ||
| Q3 24 | $9.9M | $-3.7M | ||
| Q2 24 | $33.4M | $-1.3M | ||
| Q1 24 | $44.9M | $-8.0M |
| Q4 25 | 156.3% | 0.6% | ||
| Q3 25 | 39.0% | -5.0% | ||
| Q2 25 | -17.7% | -13.6% | ||
| Q1 25 | 48.4% | -30.1% | ||
| Q4 24 | — | 4.1% | ||
| Q3 24 | 10.8% | -10.3% | ||
| Q2 24 | 35.4% | -3.6% | ||
| Q1 24 | 60.0% | -22.5% |
| Q4 25 | 0.0% | 1.2% | ||
| Q3 25 | 0.0% | 2.6% | ||
| Q2 25 | 0.0% | 2.5% | ||
| Q1 25 | 0.1% | 1.4% | ||
| Q4 24 | 0.0% | 1.5% | ||
| Q3 24 | 0.0% | 2.4% | ||
| Q2 24 | 0.1% | 1.8% | ||
| Q1 24 | 0.1% | 1.9% |
| Q4 25 | — | — | ||
| Q3 25 | 1.19× | — | ||
| Q2 25 | -0.64× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 6.74× | — | ||
| Q3 24 | 2.71× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IRWD
Segment breakdown not available.
LAW
| Software | $35.1M | 85% |
| Services | $6.0M | 15% |
