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Side-by-side financial comparison of CS Disco, Inc. (LAW) and RE/MAX Holdings, Inc. (RMAX). Click either name above to swap in a different company.

RE/MAX Holdings, Inc. is the larger business by last-quarter revenue ($71.1M vs $41.2M, roughly 1.7× CS Disco, Inc.). RE/MAX Holdings, Inc. runs the higher net margin — 2.0% vs -20.7%, a 22.7% gap on every dollar of revenue. On growth, CS Disco, Inc. posted the faster year-over-year revenue change (11.3% vs -1.8%). RE/MAX Holdings, Inc. produced more free cash flow last quarter ($33.5M vs $255.0K). Over the past eight quarters, CS Disco, Inc.'s revenue compounded faster (7.6% CAGR vs -4.7%).

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.

RE/MAX is an international real estate franchise operating in over 100 countries and territories that, in 2015, had over 100,000 agents in 6,800 offices.

LAW vs RMAX — Head-to-Head

Bigger by revenue
RMAX
RMAX
1.7× larger
RMAX
$71.1M
$41.2M
LAW
Growing faster (revenue YoY)
LAW
LAW
+13.1% gap
LAW
11.3%
-1.8%
RMAX
Higher net margin
RMAX
RMAX
22.7% more per $
RMAX
2.0%
-20.7%
LAW
More free cash flow
RMAX
RMAX
$33.2M more FCF
RMAX
$33.5M
$255.0K
LAW
Faster 2-yr revenue CAGR
LAW
LAW
Annualised
LAW
7.6%
-4.7%
RMAX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
LAW
LAW
RMAX
RMAX
Revenue
$41.2M
$71.1M
Net Profit
$-8.5M
$1.4M
Gross Margin
75.1%
Operating Margin
-22.4%
13.1%
Net Margin
-20.7%
2.0%
Revenue YoY
11.3%
-1.8%
Net Profit YoY
66.3%
-75.2%
EPS (diluted)
$-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
LAW
LAW
RMAX
RMAX
Q4 25
$41.2M
$71.1M
Q3 25
$40.9M
$73.2M
Q2 25
$38.1M
$72.8M
Q1 25
$36.7M
$74.5M
Q4 24
$37.0M
$72.5M
Q3 24
$36.3M
$78.5M
Q2 24
$36.0M
$78.5M
Q1 24
$35.6M
$78.3M
Net Profit
LAW
LAW
RMAX
RMAX
Q4 25
$-8.5M
$1.4M
Q3 25
$-13.7M
$4.0M
Q2 25
$-10.8M
$4.7M
Q1 25
$-11.4M
$-2.0M
Q4 24
$-25.2M
$5.8M
Q3 24
$-9.2M
$966.0K
Q2 24
$-10.8M
$3.7M
Q1 24
$-10.6M
$-3.4M
Gross Margin
LAW
LAW
RMAX
RMAX
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
RMAX
RMAX
Q4 25
-22.4%
13.1%
Q3 25
-35.3%
25.0%
Q2 25
-31.0%
19.3%
Q1 25
-34.4%
7.2%
Q4 24
-70.6%
5.9%
Q3 24
-30.0%
19.4%
Q2 24
-34.4%
20.6%
Q1 24
-34.7%
5.8%
Net Margin
LAW
LAW
RMAX
RMAX
Q4 25
-20.7%
2.0%
Q3 25
-33.4%
5.4%
Q2 25
-28.4%
6.4%
Q1 25
-31.1%
-2.6%
Q4 24
-68.1%
8.0%
Q3 24
-25.3%
1.2%
Q2 24
-30.1%
4.7%
Q1 24
-29.7%
-4.3%
EPS (diluted)
LAW
LAW
RMAX
RMAX
Q4 25
$-0.13
Q3 25
$-0.22
Q2 25
$-0.18
Q1 25
$-0.19
Q4 24
$-0.43
Q3 24
$-0.15
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
RMAX
RMAX
Cash + ST InvestmentsLiquidity on hand
$114.6M
$118.7M
Total DebtLower is stronger
$432.2M
Stockholders' EquityBook value
$128.1M
$452.4M
Total Assets
$173.6M
$582.5M
Debt / EquityLower = less leverage
0.96×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LAW
LAW
RMAX
RMAX
Q4 25
$114.6M
$118.7M
Q3 25
$113.5M
$107.5M
Q2 25
$114.5M
$94.3M
Q1 25
$118.8M
$89.1M
Q4 24
$129.1M
$96.6M
Q3 24
$126.8M
$83.8M
Q2 24
$130.0M
$66.1M
Q1 24
$148.7M
$82.1M
Total Debt
LAW
LAW
RMAX
RMAX
Q4 25
$432.2M
Q3 25
$433.3M
Q2 25
$434.4M
Q1 25
$435.3M
Q4 24
$436.2M
Q3 24
$437.2M
Q2 24
$438.1M
Q1 24
$439.0M
Stockholders' Equity
LAW
LAW
RMAX
RMAX
Q4 25
$128.1M
$452.4M
Q3 25
$130.6M
$448.1M
Q2 25
$137.9M
$442.4M
Q1 25
$142.2M
$433.5M
Q4 24
$147.5M
$429.5M
Q3 24
$167.3M
$423.1M
Q2 24
$170.9M
$418.4M
Q1 24
$193.2M
$412.0M
Total Assets
LAW
LAW
RMAX
RMAX
Q4 25
$173.6M
$582.5M
Q3 25
$174.8M
$582.2M
Q2 25
$164.9M
$574.8M
Q1 25
$168.0M
$571.4M
Q4 24
$180.3M
$581.6M
Q3 24
$194.4M
$578.6M
Q2 24
$198.0M
$571.4M
Q1 24
$217.3M
$566.7M
Debt / Equity
LAW
LAW
RMAX
RMAX
Q4 25
0.96×
Q3 25
0.97×
Q2 25
0.98×
Q1 25
1.00×
Q4 24
1.02×
Q3 24
1.03×
Q2 24
1.05×
Q1 24
1.07×

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
RMAX
RMAX
Operating Cash FlowLast quarter
$762.0K
$40.9M
Free Cash FlowOCF − Capex
$255.0K
$33.5M
FCF MarginFCF / Revenue
0.6%
47.1%
Capex IntensityCapex / Revenue
1.2%
10.4%
Cash ConversionOCF / Net Profit
28.39×
TTM Free Cash FlowTrailing 4 quarters
$-18.0M
$56.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LAW
LAW
RMAX
RMAX
Q4 25
$762.0K
$40.9M
Q3 25
$-979.0K
$17.7M
Q2 25
$-4.2M
$4.6M
Q1 25
$-10.5M
$5.7M
Q4 24
$2.1M
$59.7M
Q3 24
$-2.9M
$17.6M
Q2 24
$-650.0K
$15.9M
Q1 24
$-7.3M
$9.4M
Free Cash Flow
LAW
LAW
RMAX
RMAX
Q4 25
$255.0K
$33.5M
Q3 25
$-2.0M
$16.4M
Q2 25
$-5.2M
$2.9M
Q1 25
$-11.0M
$4.0M
Q4 24
$1.5M
$53.0M
Q3 24
$-3.7M
$16.3M
Q2 24
$-1.3M
$14.0M
Q1 24
$-8.0M
$6.8M
FCF Margin
LAW
LAW
RMAX
RMAX
Q4 25
0.6%
47.1%
Q3 25
-5.0%
22.4%
Q2 25
-13.6%
4.0%
Q1 25
-30.1%
5.3%
Q4 24
4.1%
73.2%
Q3 24
-10.3%
20.8%
Q2 24
-3.6%
17.8%
Q1 24
-22.5%
8.6%
Capex Intensity
LAW
LAW
RMAX
RMAX
Q4 25
1.2%
10.4%
Q3 25
2.6%
1.8%
Q2 25
2.5%
2.2%
Q1 25
1.4%
2.3%
Q4 24
1.5%
9.1%
Q3 24
2.4%
1.7%
Q2 24
1.8%
2.4%
Q1 24
1.9%
3.3%
Cash Conversion
LAW
LAW
RMAX
RMAX
Q4 25
28.39×
Q3 25
4.45×
Q2 25
0.97×
Q1 25
Q4 24
10.28×
Q3 24
18.22×
Q2 24
4.29×
Q1 24

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%

RMAX
RMAX

Franchising Segment$50.1M70%
Broker Fees$13.9M20%
Annual Dues$7.4M10%

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