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Side-by-side financial comparison of Invesco Mortgage Capital Inc. (IVR) 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 $21.3M, roughly 1.9× Invesco Mortgage Capital Inc.). Invesco Mortgage Capital Inc. runs the higher net margin — 242.2% vs -20.7%, a 262.9% gap on every dollar of revenue. On growth, Invesco Mortgage Capital Inc. posted the faster year-over-year revenue change (55.4% vs 11.3%). Over the past eight quarters, Invesco Mortgage Capital Inc.'s revenue compounded faster (74.2% CAGR vs 7.6%).

Invesco Ltd. is an American independent investment management company headquartered in Atlanta, Georgia, with branch offices in 20 countries. Its common stock is a constituent of the S&P 500 and trades on the New York Stock Exchange. Invesco operates under the Invesco, Invesco Perpetual, and Powershares brand names.

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.

IVR vs LAW — Head-to-Head

Bigger by revenue
LAW
LAW
1.9× larger
LAW
$41.2M
$21.3M
IVR
Growing faster (revenue YoY)
IVR
IVR
+44.1% gap
IVR
55.4%
11.3%
LAW
Higher net margin
IVR
IVR
262.9% more per $
IVR
242.2%
-20.7%
LAW
Faster 2-yr revenue CAGR
IVR
IVR
Annualised
IVR
74.2%
7.6%
LAW

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IVR
IVR
LAW
LAW
Revenue
$21.3M
$41.2M
Net Profit
$51.5M
$-8.5M
Gross Margin
75.1%
Operating Margin
-22.4%
Net Margin
242.2%
-20.7%
Revenue YoY
55.4%
11.3%
Net Profit YoY
1368.7%
66.3%
EPS (diluted)
$0.72
$-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.

Revenue
IVR
IVR
LAW
LAW
Q4 25
$21.3M
$41.2M
Q3 25
$17.6M
$40.9M
Q2 25
$17.7M
$38.1M
Q1 25
$18.8M
$36.7M
Q4 24
$13.7M
$37.0M
Q3 24
$7.5M
$36.3M
Q2 24
$8.6M
$36.0M
Q1 24
$7.0M
$35.6M
Net Profit
IVR
IVR
LAW
LAW
Q4 25
$51.5M
$-8.5M
Q3 25
$53.5M
$-13.7M
Q2 25
$-23.3M
$-10.8M
Q1 25
$19.6M
$-11.4M
Q4 24
$3.5M
$-25.2M
Q3 24
$40.7M
$-9.2M
Q2 24
$-13.5M
$-10.8M
Q1 24
$29.1M
$-10.6M
Gross Margin
IVR
IVR
LAW
LAW
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%
Operating Margin
IVR
IVR
LAW
LAW
Q4 25
-22.4%
Q3 25
-35.3%
Q2 25
-31.0%
Q1 25
-34.4%
Q4 24
-70.6%
Q3 24
-30.0%
Q2 24
-34.4%
Q1 24
-34.7%
Net Margin
IVR
IVR
LAW
LAW
Q4 25
242.2%
-20.7%
Q3 25
303.6%
-33.4%
Q2 25
-131.6%
-28.4%
Q1 25
104.4%
-31.1%
Q4 24
25.6%
-68.1%
Q3 24
542.2%
-25.3%
Q2 24
-155.9%
-30.1%
Q1 24
415.9%
-29.7%
EPS (diluted)
IVR
IVR
LAW
LAW
Q4 25
$0.72
$-0.13
Q3 25
$0.74
$-0.22
Q2 25
$-0.40
$-0.18
Q1 25
$0.26
$-0.19
Q4 24
$-0.09
$-0.43
Q3 24
$0.63
$-0.15
Q2 24
$-0.38
$-0.18
Q1 24
$0.49
$-0.17

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
IVR
IVR
LAW
LAW
Cash + ST InvestmentsLiquidity on hand
$56.0M
$114.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$797.5M
$128.1M
Total Assets
$6.5B
$173.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IVR
IVR
LAW
LAW
Q4 25
$56.0M
$114.6M
Q3 25
$58.5M
$113.5M
Q2 25
$59.4M
$114.5M
Q1 25
$42.9M
$118.8M
Q4 24
$73.4M
$129.1M
Q3 24
$48.3M
$126.8M
Q2 24
$58.8M
$130.0M
Q1 24
$59.9M
$148.7M
Stockholders' Equity
IVR
IVR
LAW
LAW
Q4 25
$797.5M
$128.1M
Q3 25
$769.6M
$130.6M
Q2 25
$709.4M
$137.9M
Q1 25
$759.2M
$142.2M
Q4 24
$730.7M
$147.5M
Q3 24
$857.0M
$167.3M
Q2 24
$759.2M
$170.9M
Q1 24
$785.6M
$193.2M
Total Assets
IVR
IVR
LAW
LAW
Q4 25
$6.5B
$173.6M
Q3 25
$6.0B
$174.8M
Q2 25
$5.4B
$164.9M
Q1 25
$6.2B
$168.0M
Q4 24
$5.7B
$180.3M
Q3 24
$6.1B
$194.4M
Q2 24
$5.1B
$198.0M
Q1 24
$5.2B
$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
IVR
IVR
LAW
LAW
Operating Cash FlowLast quarter
$157.1M
$762.0K
Free Cash FlowOCF − Capex
$255.0K
FCF MarginFCF / Revenue
0.6%
Capex IntensityCapex / Revenue
1.2%
Cash ConversionOCF / Net Profit
3.05×
TTM Free Cash FlowTrailing 4 quarters
$-18.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IVR
IVR
LAW
LAW
Q4 25
$157.1M
$762.0K
Q3 25
$37.3M
$-979.0K
Q2 25
$40.6M
$-4.2M
Q1 25
$19.3M
$-10.5M
Q4 24
$183.2M
$2.1M
Q3 24
$30.8M
$-2.9M
Q2 24
$33.0M
$-650.0K
Q1 24
$57.5M
$-7.3M
Free Cash Flow
IVR
IVR
LAW
LAW
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
FCF Margin
IVR
IVR
LAW
LAW
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%
Capex Intensity
IVR
IVR
LAW
LAW
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%
Cash Conversion
IVR
IVR
LAW
LAW
Q4 25
3.05×
Q3 25
0.70×
Q2 25
Q1 25
0.98×
Q4 24
52.24×
Q3 24
0.76×
Q2 24
Q1 24
1.97×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

IVR
IVR

Segment breakdown not available.

LAW
LAW

Software$35.1M85%
Services$6.0M15%

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