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Side-by-side financial comparison of CS Disco, Inc. (LAW) and Lifeway Foods, Inc. (LWAY). Click either name above to swap in a different company.
Lifeway Foods, Inc. is the larger business by last-quarter revenue ($55.4M vs $41.2M, roughly 1.3× CS Disco, Inc.). Lifeway Foods, Inc. runs the higher net margin — 4.6% vs -20.7%, a 25.2% gap on every dollar of revenue. On growth, Lifeway Foods, Inc. posted the faster year-over-year revenue change (18.0% vs 11.3%). CS Disco, Inc. produced more free cash flow last quarter ($255.0K vs $-17.4M). Over the past eight quarters, Lifeway Foods, Inc.'s revenue compounded faster (11.4% 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.
Lifeway Foods is an Illinois-based health food company founded in 1986. They are a leading U.S. supplier of kefir and fermented probiotic products to support the microbiome.
LAW vs LWAY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $41.2M | $55.4M |
| Net Profit | $-8.5M | $2.5M |
| Gross Margin | 75.1% | 27.8% |
| Operating Margin | -22.4% | 6.8% |
| Net Margin | -20.7% | 4.6% |
| Revenue YoY | 11.3% | 18.0% |
| Net Profit YoY | 66.3% | 1688.1% |
| EPS (diluted) | $-0.13 | $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.
| Q4 25 | $41.2M | $55.4M | ||
| Q3 25 | $40.9M | $57.1M | ||
| Q2 25 | $38.1M | $53.9M | ||
| Q1 25 | $36.7M | $46.1M | ||
| Q4 24 | $37.0M | $46.9M | ||
| Q3 24 | $36.3M | $46.1M | ||
| Q2 24 | $36.0M | $49.2M | ||
| Q1 24 | $35.6M | $44.6M |
| Q4 25 | $-8.5M | $2.5M | ||
| Q3 25 | $-13.7M | $3.5M | ||
| Q2 25 | $-10.8M | $4.2M | ||
| Q1 25 | $-11.4M | $3.5M | ||
| Q4 24 | $-25.2M | $-160.0K | ||
| Q3 24 | $-9.2M | $3.0M | ||
| Q2 24 | $-10.8M | $3.8M | ||
| Q1 24 | $-10.6M | $2.4M |
| Q4 25 | 75.1% | 27.8% | ||
| Q3 25 | 75.5% | 28.7% | ||
| Q2 25 | 74.6% | 28.6% | ||
| Q1 25 | 74.1% | 23.9% | ||
| Q4 24 | 74.2% | 25.3% | ||
| Q3 24 | 73.1% | 25.7% | ||
| Q2 24 | 74.2% | 27.0% | ||
| Q1 24 | 75.1% | 25.8% |
| Q4 25 | -22.4% | 6.8% | ||
| Q3 25 | -35.3% | 8.8% | ||
| Q2 25 | -31.0% | 10.8% | ||
| Q1 25 | -34.4% | 3.4% | ||
| Q4 24 | -70.6% | 1.5% | ||
| Q3 24 | -30.0% | 9.1% | ||
| Q2 24 | -34.4% | 11.0% | ||
| Q1 24 | -34.7% | 8.0% |
| Q4 25 | -20.7% | 4.6% | ||
| Q3 25 | -33.4% | 6.2% | ||
| Q2 25 | -28.4% | 7.9% | ||
| Q1 25 | -31.1% | 7.7% | ||
| Q4 24 | -68.1% | -0.3% | ||
| Q3 24 | -25.3% | 6.5% | ||
| Q2 24 | -30.1% | 7.7% | ||
| Q1 24 | -29.7% | 5.4% |
| Q4 25 | $-0.13 | $0.15 | ||
| Q3 25 | $-0.22 | $0.23 | ||
| Q2 25 | $-0.18 | $0.28 | ||
| Q1 25 | $-0.19 | $0.23 | ||
| Q4 24 | $-0.43 | $0.00 | ||
| Q3 24 | $-0.15 | $0.19 | ||
| Q2 24 | $-0.18 | $0.25 | ||
| Q1 24 | $-0.17 | $0.16 |
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 | $5.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $128.1M | $85.8M |
| Total Assets | $173.6M | $105.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $114.6M | $5.6M | ||
| Q3 25 | $113.5M | $23.0M | ||
| Q2 25 | $114.5M | $21.2M | ||
| Q1 25 | $118.8M | $19.4M | ||
| Q4 24 | $129.1M | $16.7M | ||
| Q3 24 | $126.8M | $20.6M | ||
| Q2 24 | $130.0M | $14.6M | ||
| Q1 24 | $148.7M | $12.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $2.5M |
| Q4 25 | $128.1M | $85.8M | ||
| Q3 25 | $130.6M | $82.8M | ||
| Q2 25 | $137.9M | $78.7M | ||
| Q1 25 | $142.2M | $74.2M | ||
| Q4 24 | $147.5M | $71.9M | ||
| Q3 24 | $167.3M | $71.5M | ||
| Q2 24 | $170.9M | $68.0M | ||
| Q1 24 | $193.2M | $63.5M |
| Q4 25 | $173.6M | $105.6M | ||
| Q3 25 | $174.8M | $109.5M | ||
| Q2 25 | $164.9M | $98.3M | ||
| Q1 25 | $168.0M | $93.7M | ||
| Q4 24 | $180.3M | $90.5M | ||
| Q3 24 | $194.4M | $91.3M | ||
| Q2 24 | $198.0M | $84.9M | ||
| Q1 24 | $217.3M | $82.8M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.04× |
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 | $762.0K | $267.0K |
| Free Cash FlowOCF − Capex | $255.0K | $-17.4M |
| FCF MarginFCF / Revenue | 0.6% | -31.5% |
| Capex IntensityCapex / Revenue | 1.2% | 31.9% |
| Cash ConversionOCF / Net Profit | — | 0.11× |
| TTM Free Cash FlowTrailing 4 quarters | $-18.0M | $-16.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $762.0K | $267.0K | ||
| Q3 25 | $-979.0K | $6.9M | ||
| Q2 25 | $-4.2M | $3.9M | ||
| Q1 25 | $-10.5M | $-150.0K | ||
| Q4 24 | $2.1M | $-2.6M | ||
| Q3 24 | $-2.9M | $7.5M | ||
| Q2 24 | $-650.0K | $6.5M | ||
| Q1 24 | $-7.3M | $1.5M |
| Q4 25 | $255.0K | $-17.4M | ||
| Q3 25 | $-2.0M | $1.8M | ||
| Q2 25 | $-5.2M | $1.6M | ||
| Q1 25 | $-11.0M | $-2.4M | ||
| Q4 24 | $1.5M | $-3.8M | ||
| Q3 24 | $-3.7M | $5.9M | ||
| Q2 24 | $-1.3M | $5.1M | ||
| Q1 24 | $-8.0M | $-923.0K |
| Q4 25 | 0.6% | -31.5% | ||
| Q3 25 | -5.0% | 3.1% | ||
| Q2 25 | -13.6% | 3.0% | ||
| Q1 25 | -30.1% | -5.1% | ||
| Q4 24 | 4.1% | -8.2% | ||
| Q3 24 | -10.3% | 12.8% | ||
| Q2 24 | -3.6% | 10.4% | ||
| Q1 24 | -22.5% | -2.1% |
| Q4 25 | 1.2% | 31.9% | ||
| Q3 25 | 2.6% | 9.0% | ||
| Q2 25 | 2.5% | 4.3% | ||
| Q1 25 | 1.4% | 4.8% | ||
| Q4 24 | 1.5% | 2.7% | ||
| Q3 24 | 2.4% | 3.3% | ||
| Q2 24 | 1.8% | 2.9% | ||
| Q1 24 | 1.9% | 5.5% |
| Q4 25 | — | 0.11× | ||
| Q3 25 | — | 1.96× | ||
| Q2 25 | — | 0.92× | ||
| Q1 25 | — | -0.04× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.50× | ||
| Q2 24 | — | 1.73× | ||
| Q1 24 | — | 0.64× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LAW
| Software | $35.1M | 85% |
| Services | $6.0M | 15% |
LWAY
| Drinkable Kefirotherthan Pro Bugs | $47.8M | 86% |
| Cheese | $4.7M | 8% |
| Cream And Other | $1.7M | 3% |
| Other | $1.2M | 2% |
