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Side-by-side financial comparison of CS Disco, Inc. (LAW) and Repay Holdings Corp (RPAY). Click either name above to swap in a different company.
Repay Holdings Corp is the larger business by last-quarter revenue ($78.6M vs $41.2M, roughly 1.9× CS Disco, Inc.). CS Disco, Inc. runs the higher net margin — -20.7% vs -178.3%, a 157.6% gap on every dollar of revenue. On growth, CS Disco, Inc. posted the faster year-over-year revenue change (11.3% vs 0.4%). Repay Holdings Corp produced more free cash flow last quarter ($23.2M vs $255.0K). Over the past eight quarters, CS Disco, Inc.'s revenue compounded faster (7.6% CAGR vs -1.3%).
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.
Repay Holdings Corp is a leading payment technology provider delivering integrated end-to-end payment processing solutions for businesses across North America. Its offerings include credit/debit card processing, ACH transfer services, POS system integrations and digital payment tools, serving retail, healthcare, automotive and e-commerce segments to help clients streamline transaction workflows and boost operational efficiency.
LAW vs RPAY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $41.2M | $78.6M |
| Net Profit | $-8.5M | $-140.1M |
| Gross Margin | 75.1% | 74.2% |
| Operating Margin | -22.4% | -182.2% |
| Net Margin | -20.7% | -178.3% |
| Revenue YoY | 11.3% | 0.4% |
| Net Profit YoY | 66.3% | -3304.1% |
| EPS (diluted) | $-0.13 | $-1.68 |
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 | $78.6M | ||
| Q3 25 | $40.9M | $77.7M | ||
| Q2 25 | $38.1M | $75.6M | ||
| Q1 25 | $36.7M | $77.3M | ||
| Q4 24 | $37.0M | $78.3M | ||
| Q3 24 | $36.3M | $79.1M | ||
| Q2 24 | $36.0M | $74.9M | ||
| Q1 24 | $35.6M | $80.7M |
| Q4 25 | $-8.5M | $-140.1M | ||
| Q3 25 | $-13.7M | $-6.4M | ||
| Q2 25 | $-10.8M | $-102.3M | ||
| Q1 25 | $-11.4M | $-7.9M | ||
| Q4 24 | $-25.2M | $-4.1M | ||
| Q3 24 | $-9.2M | $3.2M | ||
| Q2 24 | $-10.8M | $-4.1M | ||
| Q1 24 | $-10.6M | $-5.2M |
| Q4 25 | 75.1% | 74.2% | ||
| Q3 25 | 75.5% | 74.4% | ||
| Q2 25 | 74.6% | 75.7% | ||
| Q1 25 | 74.1% | 75.9% | ||
| Q4 24 | 74.2% | 76.3% | ||
| Q3 24 | 73.1% | 77.8% | ||
| Q2 24 | 74.2% | 78.2% | ||
| Q1 24 | 75.1% | 76.2% |
| Q4 25 | -22.4% | -182.2% | ||
| Q3 25 | -35.3% | -3.9% | ||
| Q2 25 | -31.0% | -138.7% | ||
| Q1 25 | -34.4% | -4.7% | ||
| Q4 24 | -70.6% | -1.5% | ||
| Q3 24 | -30.0% | -0.9% | ||
| Q2 24 | -34.4% | -4.6% | ||
| Q1 24 | -34.7% | -3.1% |
| Q4 25 | -20.7% | -178.3% | ||
| Q3 25 | -33.4% | -8.3% | ||
| Q2 25 | -28.4% | -135.2% | ||
| Q1 25 | -31.1% | -10.3% | ||
| Q4 24 | -68.1% | -5.3% | ||
| Q3 24 | -25.3% | 4.1% | ||
| Q2 24 | -30.1% | -5.4% | ||
| Q1 24 | -29.7% | -6.5% |
| Q4 25 | $-0.13 | $-1.68 | ||
| Q3 25 | $-0.22 | $-0.08 | ||
| Q2 25 | $-0.18 | $-1.15 | ||
| Q1 25 | $-0.19 | $-0.09 | ||
| Q4 24 | $-0.43 | $-0.04 | ||
| Q3 24 | $-0.15 | $0.03 | ||
| Q2 24 | $-0.18 | $-0.04 | ||
| Q1 24 | $-0.17 | $-0.06 |
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 | $115.7M |
| Total DebtLower is stronger | — | $280.1M |
| Stockholders' EquityBook value | $128.1M | $484.4M |
| Total Assets | $173.6M | $1.2B |
| Debt / EquityLower = less leverage | — | 0.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $114.6M | $115.7M | ||
| Q3 25 | $113.5M | $95.7M | ||
| Q2 25 | $114.5M | $162.6M | ||
| Q1 25 | $118.8M | $165.5M | ||
| Q4 24 | $129.1M | $189.5M | ||
| Q3 24 | $126.8M | $168.7M | ||
| Q2 24 | $130.0M | $147.1M | ||
| Q1 24 | $148.7M | $128.3M |
| Q4 25 | — | $280.1M | ||
| Q3 25 | — | $279.5M | ||
| Q2 25 | — | $279.0M | ||
| Q1 25 | — | $497.6M | ||
| Q4 24 | — | $496.8M | ||
| Q3 24 | — | $496.2M | ||
| Q2 24 | — | $435.6M | ||
| Q1 24 | — | $434.9M |
| Q4 25 | $128.1M | $484.4M | ||
| Q3 25 | $130.6M | $616.9M | ||
| Q2 25 | $137.9M | $633.7M | ||
| Q1 25 | $142.2M | $755.7M | ||
| Q4 24 | $147.5M | $761.3M | ||
| Q3 24 | $167.3M | $754.7M | ||
| Q2 24 | $170.9M | $815.4M | ||
| Q1 24 | $193.2M | $813.8M |
| Q4 25 | $173.6M | $1.2B | ||
| Q3 25 | $174.8M | $1.3B | ||
| Q2 25 | $164.9M | $1.4B | ||
| Q1 25 | $168.0M | $1.5B | ||
| Q4 24 | $180.3M | $1.6B | ||
| Q3 24 | $194.4M | $1.6B | ||
| Q2 24 | $198.0M | $1.5B | ||
| Q1 24 | $217.3M | $1.5B |
| Q4 25 | — | 0.58× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.44× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 0.65× | ||
| Q3 24 | — | 0.66× | ||
| Q2 24 | — | 0.53× | ||
| Q1 24 | — | 0.53× |
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 | $23.3M |
| Free Cash FlowOCF − Capex | $255.0K | $23.2M |
| FCF MarginFCF / Revenue | 0.6% | 29.6% |
| Capex IntensityCapex / Revenue | 1.2% | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-18.0M | $90.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $762.0K | $23.3M | ||
| Q3 25 | $-979.0K | $32.2M | ||
| Q2 25 | $-4.2M | $33.1M | ||
| Q1 25 | $-10.5M | $2.5M | ||
| Q4 24 | $2.1M | $34.3M | ||
| Q3 24 | $-2.9M | $60.1M | ||
| Q2 24 | $-650.0K | $31.0M | ||
| Q1 24 | $-7.3M | $24.8M |
| Q4 25 | $255.0K | $23.2M | ||
| Q3 25 | $-2.0M | $32.1M | ||
| Q2 25 | $-5.2M | $33.0M | ||
| Q1 25 | $-11.0M | $2.4M | ||
| Q4 24 | $1.5M | $34.0M | ||
| Q3 24 | $-3.7M | $59.8M | ||
| Q2 24 | $-1.3M | $30.5M | ||
| Q1 24 | $-8.0M | $24.7M |
| Q4 25 | 0.6% | 29.6% | ||
| Q3 25 | -5.0% | 41.3% | ||
| Q2 25 | -13.6% | 43.6% | ||
| Q1 25 | -30.1% | 3.0% | ||
| Q4 24 | 4.1% | 43.5% | ||
| Q3 24 | -10.3% | 75.6% | ||
| Q2 24 | -3.6% | 40.7% | ||
| Q1 24 | -22.5% | 30.6% |
| Q4 25 | 1.2% | 0.1% | ||
| Q3 25 | 2.6% | 0.2% | ||
| Q2 25 | 2.5% | 0.1% | ||
| Q1 25 | 1.4% | 0.2% | ||
| Q4 24 | 1.5% | 0.3% | ||
| Q3 24 | 2.4% | 0.3% | ||
| Q2 24 | 1.8% | 0.6% | ||
| Q1 24 | 1.9% | 0.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 18.52× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
