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Side-by-side financial comparison of CS Disco, Inc. (LAW) and LandBridge Co LLC (LB). Click either name above to swap in a different company.

LandBridge Co LLC is the larger business by last-quarter revenue ($56.8M vs $41.2M, roughly 1.4× CS Disco, Inc.). LandBridge Co LLC runs the higher net margin — 14.2% vs -20.7%, a 34.8% gap on every dollar of revenue. On growth, LandBridge Co LLC posted the faster year-over-year revenue change (55.6% vs 11.3%). LandBridge Co LLC produced more free cash flow last quarter ($122.0M vs $255.0K). Over the past eight quarters, LandBridge Co LLC's revenue compounded faster (72.8% CAGR vs 7.6%).

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.

LAW vs LB — Head-to-Head

Bigger by revenue
LB
LB
1.4× larger
LB
$56.8M
$41.2M
LAW
Growing faster (revenue YoY)
LB
LB
+44.3% gap
LB
55.6%
11.3%
LAW
Higher net margin
LB
LB
34.8% more per $
LB
14.2%
-20.7%
LAW
More free cash flow
LB
LB
$121.8M more FCF
LB
$122.0M
$255.0K
LAW
Faster 2-yr revenue CAGR
LB
LB
Annualised
LB
72.8%
7.6%
LAW

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
LAW
LAW
LB
LB
Revenue
$41.2M
$56.8M
Net Profit
$-8.5M
$8.1M
Gross Margin
75.1%
Operating Margin
-22.4%
60.0%
Net Margin
-20.7%
14.2%
Revenue YoY
11.3%
55.6%
Net Profit YoY
66.3%
-83.7%
EPS (diluted)
$-0.13
$0.24

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
LAW
LAW
LB
LB
Q4 25
$41.2M
$56.8M
Q3 25
$40.9M
$50.8M
Q2 25
$38.1M
$47.5M
Q1 25
$36.7M
$44.0M
Q4 24
$37.0M
$36.5M
Q3 24
$36.3M
$28.5M
Q2 24
$36.0M
$26.0M
Q1 24
$35.6M
$19.0M
Net Profit
LAW
LAW
LB
LB
Q4 25
$-8.5M
$8.1M
Q3 25
$-13.7M
$8.1M
Q2 25
$-10.8M
$7.5M
Q1 25
$-11.4M
$6.5M
Q4 24
$-25.2M
$49.3M
Q3 24
$-9.2M
$2.7M
Q2 24
$-10.8M
$-57.7M
Q1 24
$-10.6M
$10.8M
Gross Margin
LAW
LAW
LB
LB
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
LAW
LAW
LB
LB
Q4 25
-22.4%
60.0%
Q3 25
-35.3%
60.8%
Q2 25
-31.0%
60.0%
Q1 25
-34.4%
57.0%
Q4 24
-70.6%
49.4%
Q3 24
-30.0%
11.2%
Q2 24
-34.4%
-197.4%
Q1 24
-34.7%
71.1%
Net Margin
LAW
LAW
LB
LB
Q4 25
-20.7%
14.2%
Q3 25
-33.4%
15.9%
Q2 25
-28.4%
15.8%
Q1 25
-31.1%
14.7%
Q4 24
-68.1%
135.2%
Q3 24
-25.3%
9.3%
Q2 24
-30.1%
-222.1%
Q1 24
-29.7%
56.7%
EPS (diluted)
LAW
LAW
LB
LB
Q4 25
$-0.13
$0.24
Q3 25
$-0.22
$0.26
Q2 25
$-0.18
$0.24
Q1 25
$-0.19
$0.20
Q4 24
$-0.43
Q3 24
$-0.15
$-0.04
Q2 24
$-0.18
Q1 24
$-0.17

Balance Sheet & Financial Strength

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

Metric
LAW
LAW
LB
LB
Cash + ST InvestmentsLiquidity on hand
$114.6M
$30.7M
Total DebtLower is stronger
$570.7M
Stockholders' EquityBook value
$128.1M
$340.3M
Total Assets
$173.6M
$1.4B
Debt / EquityLower = less leverage
1.68×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LAW
LAW
LB
LB
Q4 25
$114.6M
$30.7M
Q3 25
$113.5M
$28.3M
Q2 25
$114.5M
$20.3M
Q1 25
$118.8M
$14.9M
Q4 24
$129.1M
$37.0M
Q3 24
$126.8M
$14.4M
Q2 24
$130.0M
$24.6M
Q1 24
$148.7M
Total Debt
LAW
LAW
LB
LB
Q4 25
$570.7M
Q3 25
$366.1M
Q2 25
$370.9M
Q1 25
$375.5M
Q4 24
$385.5M
Q3 24
$242.4M
Q2 24
$360.8M
Q1 24
Stockholders' Equity
LAW
LAW
LB
LB
Q4 25
$128.1M
$340.3M
Q3 25
$130.6M
$272.0M
Q2 25
$137.9M
$266.4M
Q1 25
$142.2M
$217.0M
Q4 24
$147.5M
$211.8M
Q3 24
$167.3M
$97.2M
Q2 24
$170.9M
$296.4M
Q1 24
$193.2M
$162.3M
Total Assets
LAW
LAW
LB
LB
Q4 25
$173.6M
$1.4B
Q3 25
$174.8M
$1.1B
Q2 25
$164.9M
$1.1B
Q1 25
$168.0M
$1.0B
Q4 24
$180.3M
$1.0B
Q3 24
$194.4M
$689.9M
Q2 24
$198.0M
$710.5M
Q1 24
$217.3M
Debt / Equity
LAW
LAW
LB
LB
Q4 25
1.68×
Q3 25
1.35×
Q2 25
1.39×
Q1 25
1.73×
Q4 24
1.82×
Q3 24
2.49×
Q2 24
1.22×
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
LAW
LAW
LB
LB
Operating Cash FlowLast quarter
$762.0K
$126.3M
Free Cash FlowOCF − Capex
$255.0K
$122.0M
FCF MarginFCF / Revenue
0.6%
214.9%
Capex IntensityCapex / Revenue
1.2%
7.5%
Cash ConversionOCF / Net Profit
15.68×
TTM Free Cash FlowTrailing 4 quarters
$-18.0M
$207.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LAW
LAW
LB
LB
Q4 25
$762.0K
$126.3M
Q3 25
$-979.0K
$34.9M
Q2 25
$-4.2M
$37.3M
Q1 25
$-10.5M
$15.9M
Q4 24
$2.1M
$67.6M
Q3 24
$-2.9M
$7.5M
Q2 24
$-650.0K
$16.0M
Q1 24
$-7.3M
$17.2M
Free Cash Flow
LAW
LAW
LB
LB
Q4 25
$255.0K
$122.0M
Q3 25
$-2.0M
$33.7M
Q2 25
$-5.2M
$36.1M
Q1 25
$-11.0M
$15.8M
Q4 24
$1.5M
$66.7M
Q3 24
$-3.7M
$7.1M
Q2 24
$-1.3M
$15.7M
Q1 24
$-8.0M
$17.1M
FCF Margin
LAW
LAW
LB
LB
Q4 25
0.6%
214.9%
Q3 25
-5.0%
66.3%
Q2 25
-13.6%
75.9%
Q1 25
-30.1%
36.0%
Q4 24
4.1%
182.6%
Q3 24
-10.3%
25.1%
Q2 24
-3.6%
60.4%
Q1 24
-22.5%
90.1%
Capex Intensity
LAW
LAW
LB
LB
Q4 25
1.2%
7.5%
Q3 25
2.6%
2.3%
Q2 25
2.5%
2.6%
Q1 25
1.4%
0.2%
Q4 24
1.5%
2.7%
Q3 24
2.4%
1.1%
Q2 24
1.8%
1.4%
Q1 24
1.9%
0.5%
Cash Conversion
LAW
LAW
LB
LB
Q4 25
15.68×
Q3 25
4.31×
Q2 25
4.98×
Q1 25
2.46×
Q4 24
1.37×
Q3 24
2.80×
Q2 24
Q1 24
1.60×

Financial Flow Comparison

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

Revenue Breakdown by Segment

LAW
LAW

Software$35.1M85%
Services$6.0M15%

LB
LB

Segment breakdown not available.

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