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Side-by-side financial comparison of CS Disco, Inc. (LAW) and NELNET INC (NNI). Click either name above to swap in a different company.
CS Disco, Inc. is the larger business by last-quarter revenue ($41.9M vs $33.5M, roughly 1.2× NELNET INC). NELNET INC runs the higher net margin — 172.3% vs -23.0%, a 195.2% gap on every dollar of revenue. On growth, NELNET INC posted the faster year-over-year revenue change (79.6% vs 14.3%). Over the past eight quarters, NELNET INC's revenue compounded faster (62.0% CAGR vs 7.9%).
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.
Nelnet, Inc. is a United States–based conglomerate that primarily focuses on financial services including student and consumer loan origination and servicing. Additionally, the company operates an investing arm, an internet bank and has a 26% stake in Allo Fiber, a cable and internet provider. The company is headquartered in Lincoln, Nebraska.
LAW vs NNI — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $41.9M | $33.5M |
| Net Profit | $-9.6M | $57.8M |
| Gross Margin | 74.2% | 50.5% |
| Operating Margin | 1.7% | — |
| Net Margin | -23.0% | 172.3% |
| Revenue YoY | 14.3% | 79.6% |
| Net Profit YoY | 15.6% | -8.5% |
| EPS (diluted) | $-0.15 | $1.62 |
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 | $33.5M | ||
| Q3 25 | $40.9M | $23.2M | ||
| Q2 25 | $38.1M | $26.1M | ||
| Q1 25 | $36.7M | $24.7M | ||
| Q4 24 | $37.0M | $18.7M | ||
| Q3 24 | $36.3M | $16.6M | ||
| Q2 24 | $36.0M | $14.9M |
| Q1 26 | $-9.6M | — | ||
| Q4 25 | $-8.5M | $57.8M | ||
| Q3 25 | $-13.7M | $106.7M | ||
| Q2 25 | $-10.8M | $181.5M | ||
| Q1 25 | $-11.4M | $82.6M | ||
| Q4 24 | $-25.2M | $63.2M | ||
| Q3 24 | $-9.2M | $2.4M | ||
| Q2 24 | $-10.8M | $45.1M |
| Q1 26 | 74.2% | — | ||
| Q4 25 | 75.1% | 50.5% | ||
| Q3 25 | 75.5% | 29.6% | ||
| Q2 25 | 74.6% | 29.8% | ||
| Q1 25 | 74.1% | 30.5% | ||
| Q4 24 | 74.2% | 13.7% | ||
| Q3 24 | 73.1% | 0.1% | ||
| Q2 24 | 74.2% | 27.3% |
| Q1 26 | 1.7% | — | ||
| Q4 25 | -22.4% | — | ||
| Q3 25 | -35.3% | — | ||
| Q2 25 | -31.0% | — | ||
| Q1 25 | -34.4% | — | ||
| Q4 24 | -70.6% | 97.7% | ||
| Q3 24 | -30.0% | -13.4% | ||
| Q2 24 | -34.4% | 88.0% |
| Q1 26 | -23.0% | — | ||
| Q4 25 | -20.7% | 172.3% | ||
| Q3 25 | -33.4% | 460.5% | ||
| Q2 25 | -28.4% | 694.9% | ||
| Q1 25 | -31.1% | 334.4% | ||
| Q4 24 | -68.1% | 338.2% | ||
| Q3 24 | -25.3% | 14.4% | ||
| Q2 24 | -30.1% | 303.6% |
| Q1 26 | $-0.15 | — | ||
| Q4 25 | $-0.13 | $1.62 | ||
| Q3 25 | $-0.22 | $2.94 | ||
| Q2 25 | $-0.18 | $4.97 | ||
| Q1 25 | $-0.19 | $2.26 | ||
| Q4 24 | $-0.43 | $1.74 | ||
| Q3 24 | $-0.15 | $0.07 | ||
| Q2 24 | $-0.18 | $1.23 |
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 | $296.0M |
| Total DebtLower is stronger | — | $7.8B |
| Stockholders' EquityBook value | $123.9M | $3.7B |
| Total Assets | $162.4M | $14.1B |
| Debt / EquityLower = less leverage | — | 2.11× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $103.0M | — | ||
| Q4 25 | $114.6M | $296.0M | ||
| Q3 25 | $113.5M | $216.4M | ||
| Q2 25 | $114.5M | $225.8M | ||
| Q1 25 | $118.8M | $220.5M | ||
| Q4 24 | $129.1M | $194.5M | ||
| Q3 24 | $126.8M | $219.7M | ||
| Q2 24 | $130.0M | $145.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $7.8B | ||
| Q3 25 | — | $7.8B | ||
| Q2 25 | — | $7.9B | ||
| Q1 25 | — | $8.7B | ||
| Q4 24 | — | $8.3B | ||
| Q3 24 | — | $8.9B | ||
| Q2 24 | — | $9.6B |
| Q1 26 | $123.9M | — | ||
| Q4 25 | $128.1M | $3.7B | ||
| Q3 25 | $130.6M | $3.7B | ||
| Q2 25 | $137.9M | $3.6B | ||
| Q1 25 | $142.2M | $3.4B | ||
| Q4 24 | $147.5M | $3.3B | ||
| Q3 24 | $167.3M | $3.3B | ||
| Q2 24 | $170.9M | $3.3B |
| Q1 26 | $162.4M | — | ||
| Q4 25 | $173.6M | $14.1B | ||
| Q3 25 | $174.8M | $13.9B | ||
| Q2 25 | $164.9M | $13.7B | ||
| Q1 25 | $168.0M | $14.2B | ||
| Q4 24 | $180.3M | $13.8B | ||
| Q3 24 | $194.4M | $14.1B | ||
| Q2 24 | $198.0M | $14.5B |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.11× | ||
| Q3 25 | — | 2.14× | ||
| Q2 25 | — | 2.21× | ||
| Q1 25 | — | 2.53× | ||
| Q4 24 | — | 2.48× | ||
| Q3 24 | — | 2.72× | ||
| Q2 24 | — | 2.90× |
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 | $423.0M |
| Free Cash FlowOCF − Capex | — | $396.7M |
| FCF MarginFCF / Revenue | — | 1183.0% |
| Capex IntensityCapex / Revenue | — | 78.2% |
| Cash ConversionOCF / Net Profit | — | 7.32× |
| TTM Free Cash FlowTrailing 4 quarters | — | $663.4M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $-11.7M | — | ||
| Q4 25 | $762.0K | $423.0M | ||
| Q3 25 | $-979.0K | $112.4M | ||
| Q2 25 | $-4.2M | $81.8M | ||
| Q1 25 | $-10.5M | $91.2M | ||
| Q4 24 | $2.1M | $662.9M | ||
| Q3 24 | $-2.9M | $137.0M | ||
| Q2 24 | $-650.0K | $133.8M |
| Q1 26 | — | — | ||
| Q4 25 | $255.0K | $396.7M | ||
| Q3 25 | $-2.0M | $100.8M | ||
| Q2 25 | $-5.2M | $78.1M | ||
| Q1 25 | $-11.0M | $87.8M | ||
| Q4 24 | $1.5M | $642.0M | ||
| Q3 24 | $-3.7M | $132.6M | ||
| Q2 24 | $-1.3M | $123.1M |
| Q1 26 | — | — | ||
| Q4 25 | 0.6% | 1183.0% | ||
| Q3 25 | -5.0% | 435.0% | ||
| Q2 25 | -13.6% | 299.0% | ||
| Q1 25 | -30.1% | 355.6% | ||
| Q4 24 | 4.1% | 3438.0% | ||
| Q3 24 | -10.3% | 797.9% | ||
| Q2 24 | -3.6% | 829.2% |
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | 78.2% | ||
| Q3 25 | 2.6% | 50.4% | ||
| Q2 25 | 2.5% | 14.2% | ||
| Q1 25 | 1.4% | 13.7% | ||
| Q4 24 | 1.5% | 111.9% | ||
| Q3 24 | 2.4% | 26.7% | ||
| Q2 24 | 1.8% | 71.5% |
| Q1 26 | — | — | ||
| Q4 25 | — | 7.32× | ||
| Q3 25 | — | 1.05× | ||
| Q2 25 | — | 0.45× | ||
| Q1 25 | — | 1.10× | ||
| Q4 24 | — | 10.50× | ||
| Q3 24 | — | 57.39× | ||
| Q2 24 | — | 2.97× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
