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Side-by-side financial comparison of CS Disco, Inc. (LAW) and MARAVAI LIFESCIENCES HOLDINGS, INC. (MRVI). Click either name above to swap in a different company.
MARAVAI LIFESCIENCES HOLDINGS, INC. is the larger business by last-quarter revenue ($49.9M vs $41.9M, roughly 1.2× CS Disco, Inc.). CS Disco, Inc. runs the higher net margin — -23.0% vs -71.6%, a 48.6% gap on every dollar of revenue. On growth, CS Disco, Inc. posted the faster year-over-year revenue change (14.3% vs -11.8%). Over the past eight quarters, CS Disco, Inc.'s revenue compounded faster (7.9% CAGR vs -11.9%).
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.
Maravai LifeSciences Holdings is a global life sciences firm developing critical reagents, diagnostic products, and tech solutions to support biopharma research, drug development, clinical diagnostics, and cell/gene therapy manufacturing. It serves biotech, pharma, research bodies and labs worldwide across three core segments.
LAW vs MRVI — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $41.9M | $49.9M |
| Net Profit | $-9.6M | $-35.7M |
| Gross Margin | 74.2% | 25.8% |
| Operating Margin | 1.7% | -117.9% |
| Net Margin | -23.0% | -71.6% |
| Revenue YoY | 14.3% | -11.8% |
| Net Profit YoY | 15.6% | -37.7% |
| EPS (diluted) | $-0.15 | $-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.
| Q1 26 | $41.9M | — | ||
| Q4 25 | $41.2M | $49.9M | ||
| Q3 25 | $40.9M | $41.6M | ||
| Q2 25 | $38.1M | $47.4M | ||
| Q1 25 | $36.7M | $46.9M | ||
| Q4 24 | $37.0M | $56.6M | ||
| Q3 24 | $36.3M | $69.0M | ||
| Q2 24 | $36.0M | $69.4M |
| Q1 26 | $-9.6M | — | ||
| Q4 25 | $-8.5M | $-35.7M | ||
| Q3 25 | $-13.7M | $-25.6M | ||
| Q2 25 | $-10.8M | $-39.6M | ||
| Q1 25 | $-11.4M | $-29.9M | ||
| Q4 24 | $-25.2M | $-25.9M | ||
| Q3 24 | $-9.2M | $-97.1M | ||
| Q2 24 | $-10.8M | $-9.8M |
| Q1 26 | 74.2% | — | ||
| Q4 25 | 75.1% | 25.8% | ||
| Q3 25 | 75.5% | 13.6% | ||
| Q2 25 | 74.6% | 16.4% | ||
| Q1 25 | 74.1% | 16.5% | ||
| Q4 24 | 74.2% | 34.3% | ||
| Q3 24 | 73.1% | 46.7% | ||
| Q2 24 | 74.2% | 44.4% |
| Q1 26 | 1.7% | — | ||
| Q4 25 | -22.4% | -117.9% | ||
| Q3 25 | -35.3% | -98.6% | ||
| Q2 25 | -31.0% | -139.8% | ||
| Q1 25 | -34.4% | -104.9% | ||
| Q4 24 | -70.6% | -66.7% | ||
| Q3 24 | -30.0% | -239.9% | ||
| Q2 24 | -34.4% | -19.4% |
| Q1 26 | -23.0% | — | ||
| Q4 25 | -20.7% | -71.6% | ||
| Q3 25 | -33.4% | -61.4% | ||
| Q2 25 | -28.4% | -83.5% | ||
| Q1 25 | -31.1% | -63.9% | ||
| Q4 24 | -68.1% | -45.8% | ||
| Q3 24 | -25.3% | -140.6% | ||
| Q2 24 | -30.1% | -14.1% |
| Q1 26 | $-0.15 | — | ||
| Q4 25 | $-0.13 | $-0.24 | ||
| Q3 25 | $-0.22 | $-0.18 | ||
| Q2 25 | $-0.18 | $-0.27 | ||
| Q1 25 | $-0.19 | $-0.21 | ||
| Q4 24 | $-0.43 | $-0.21 | ||
| Q3 24 | $-0.15 | $-0.68 | ||
| Q2 24 | $-0.18 | $-0.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $103.0M | $216.9M |
| Total DebtLower is stronger | — | $291.8M |
| Stockholders' EquityBook value | $123.9M | $212.4M |
| Total Assets | $162.4M | $770.6M |
| Debt / EquityLower = less leverage | — | 1.37× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $103.0M | — | ||
| Q4 25 | $114.6M | $216.9M | ||
| Q3 25 | $113.5M | $243.6M | ||
| Q2 25 | $114.5M | $269.9M | ||
| Q1 25 | $118.8M | $285.1M | ||
| Q4 24 | $129.1M | $322.4M | ||
| Q3 24 | $126.8M | $578.2M | ||
| Q2 24 | $130.0M | $573.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | $291.8M | ||
| Q3 25 | — | $292.8M | ||
| Q2 25 | — | $293.9M | ||
| Q1 25 | — | $294.9M | ||
| Q4 24 | — | $295.9M | ||
| Q3 24 | — | $521.7M | ||
| Q2 24 | — | $522.5M |
| Q1 26 | $123.9M | — | ||
| Q4 25 | $128.1M | $212.4M | ||
| Q3 25 | $130.6M | $245.4M | ||
| Q2 25 | $137.9M | $265.9M | ||
| Q1 25 | $142.2M | $300.6M | ||
| Q4 24 | $147.5M | $325.3M | ||
| Q3 24 | $167.3M | $344.9M | ||
| Q2 24 | $170.9M | $434.7M |
| Q1 26 | $162.4M | — | ||
| Q4 25 | $173.6M | $770.6M | ||
| Q3 25 | $174.8M | $849.2M | ||
| Q2 25 | $164.9M | $897.0M | ||
| Q1 25 | $168.0M | $959.8M | ||
| Q4 24 | $180.3M | $1.0B | ||
| Q3 24 | $194.4M | $1.3B | ||
| Q2 24 | $198.0M | $1.4B |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.37× | ||
| Q3 25 | — | 1.19× | ||
| Q2 25 | — | 1.11× | ||
| Q1 25 | — | 0.98× | ||
| Q4 24 | — | 0.91× | ||
| Q3 24 | — | 1.51× | ||
| Q2 24 | — | 1.20× |
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 | $-11.7M | $-22.8M |
| Free Cash FlowOCF − Capex | — | $-24.9M |
| FCF MarginFCF / Revenue | — | -49.9% |
| Capex IntensityCapex / Revenue | — | 4.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-70.7M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $-11.7M | — | ||
| Q4 25 | $762.0K | $-22.8M | ||
| Q3 25 | $-979.0K | $-15.2M | ||
| Q2 25 | $-4.2M | $-10.3M | ||
| Q1 25 | $-10.5M | $-9.4M | ||
| Q4 24 | $2.1M | $-14.6M | ||
| Q3 24 | $-2.9M | $13.1M | ||
| Q2 24 | $-650.0K | $17.4M |
| Q1 26 | — | — | ||
| Q4 25 | $255.0K | $-24.9M | ||
| Q3 25 | $-2.0M | $-18.1M | ||
| Q2 25 | $-5.2M | $-13.1M | ||
| Q1 25 | $-11.0M | $-14.6M | ||
| Q4 24 | $1.5M | $-20.5M | ||
| Q3 24 | $-3.7M | $4.5M | ||
| Q2 24 | $-1.3M | $7.9M |
| Q1 26 | — | — | ||
| Q4 25 | 0.6% | -49.9% | ||
| Q3 25 | -5.0% | -43.4% | ||
| Q2 25 | -13.6% | -27.7% | ||
| Q1 25 | -30.1% | -31.2% | ||
| Q4 24 | 4.1% | -36.2% | ||
| Q3 24 | -10.3% | 6.6% | ||
| Q2 24 | -3.6% | 11.4% |
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | 4.2% | ||
| Q3 25 | 2.6% | 7.0% | ||
| Q2 25 | 2.5% | 6.1% | ||
| Q1 25 | 1.4% | 11.2% | ||
| Q4 24 | 1.5% | 10.3% | ||
| Q3 24 | 2.4% | 12.4% | ||
| Q2 24 | 1.8% | 13.8% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LAW
Segment breakdown not available.
MRVI
| Cygnus Segment | $27.2M | 54% |
| Other | $18.4M | 37% |
| Shipping And Handling | $4.3M | 9% |
