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Side-by-side financial comparison of CS Disco, Inc. (LAW) and SMARTFINANCIAL INC. (SMBK). Click either name above to swap in a different company.

SMARTFINANCIAL INC. is the larger business by last-quarter revenue ($53.8M vs $41.9M, roughly 1.3× CS Disco, Inc.). SMARTFINANCIAL INC. runs the higher net margin — 25.4% vs -23.0%, a 48.4% gap on every dollar of revenue. Over the past eight quarters, SMARTFINANCIAL INC.'s revenue compounded faster (15.4% 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.

SmartFinancial Inc. is a U.S.-based bank holding company that operates its wholly owned subsidiary SmartBank. It offers a full range of retail and commercial banking products including deposit accounts, personal and business loans, mortgage services, and wealth management solutions, primarily serving individual customers and small-to-medium enterprises across the Southeastern United States.

LAW vs SMBK — Head-to-Head

Bigger by revenue
SMBK
SMBK
1.3× larger
SMBK
$53.8M
$41.9M
LAW
Higher net margin
SMBK
SMBK
48.4% more per $
SMBK
25.4%
-23.0%
LAW
Faster 2-yr revenue CAGR
SMBK
SMBK
Annualised
SMBK
15.4%
7.9%
LAW

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
LAW
LAW
SMBK
SMBK
Revenue
$41.9M
$53.8M
Net Profit
$-9.6M
$13.7M
Gross Margin
74.2%
Operating Margin
1.7%
Net Margin
-23.0%
25.4%
Revenue YoY
14.3%
Net Profit YoY
15.6%
21.6%
EPS (diluted)
$-0.15
$0.81

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
SMBK
SMBK
Q1 26
$41.9M
$53.8M
Q4 25
$41.2M
$53.3M
Q3 25
$40.9M
$51.1M
Q2 25
$38.1M
$49.2M
Q1 25
$36.7M
$46.8M
Q4 24
$37.0M
$46.8M
Q3 24
$36.3M
$44.2M
Q2 24
$36.0M
$40.4M
Net Profit
LAW
LAW
SMBK
SMBK
Q1 26
$-9.6M
$13.7M
Q4 25
$-8.5M
$13.7M
Q3 25
$-13.7M
$13.7M
Q2 25
$-10.8M
$11.7M
Q1 25
$-11.4M
$11.3M
Q4 24
$-25.2M
$9.6M
Q3 24
$-9.2M
$9.1M
Q2 24
$-10.8M
$8.0M
Gross Margin
LAW
LAW
SMBK
SMBK
Q1 26
74.2%
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%
Operating Margin
LAW
LAW
SMBK
SMBK
Q1 26
1.7%
Q4 25
-22.4%
31.3%
Q3 25
-35.3%
33.2%
Q2 25
-31.0%
29.0%
Q1 25
-34.4%
29.0%
Q4 24
-70.6%
26.5%
Q3 24
-30.0%
24.3%
Q2 24
-34.4%
25.6%
Net Margin
LAW
LAW
SMBK
SMBK
Q1 26
-23.0%
25.4%
Q4 25
-20.7%
25.7%
Q3 25
-33.4%
26.8%
Q2 25
-28.4%
23.8%
Q1 25
-31.1%
24.0%
Q4 24
-68.1%
20.6%
Q3 24
-25.3%
20.7%
Q2 24
-30.1%
19.8%
EPS (diluted)
LAW
LAW
SMBK
SMBK
Q1 26
$-0.15
$0.81
Q4 25
$-0.13
$0.81
Q3 25
$-0.22
$0.81
Q2 25
$-0.18
$0.69
Q1 25
$-0.19
$0.67
Q4 24
$-0.43
$0.57
Q3 24
$-0.15
$0.54
Q2 24
$-0.18
$0.48

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
LAW
LAW
SMBK
SMBK
Cash + ST InvestmentsLiquidity on hand
$103.0M
$346.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$123.9M
$562.2M
Total Assets
$162.4M
$5.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LAW
LAW
SMBK
SMBK
Q1 26
$103.0M
$346.1M
Q4 25
$114.6M
$464.4M
Q3 25
$113.5M
$557.1M
Q2 25
$114.5M
$365.1M
Q1 25
$118.8M
$423.0M
Q4 24
$129.1M
$387.6M
Q3 24
$126.8M
$192.9M
Q2 24
$130.0M
$342.8M
Total Debt
LAW
LAW
SMBK
SMBK
Q1 26
Q4 25
Q3 25
$1.3M
Q2 25
$7.0M
Q1 25
$7.6M
Q4 24
$8.1M
Q3 24
$9.0M
Q2 24
$12.7M
Stockholders' Equity
LAW
LAW
SMBK
SMBK
Q1 26
$123.9M
$562.2M
Q4 25
$128.1M
$552.4M
Q3 25
$130.6M
$538.4M
Q2 25
$137.9M
$519.0M
Q1 25
$142.2M
$505.8M
Q4 24
$147.5M
$491.3M
Q3 24
$167.3M
$489.0M
Q2 24
$170.9M
$472.5M
Total Assets
LAW
LAW
SMBK
SMBK
Q1 26
$162.4M
$5.9B
Q4 25
$173.6M
$5.9B
Q3 25
$174.8M
$5.8B
Q2 25
$164.9M
$5.5B
Q1 25
$168.0M
$5.4B
Q4 24
$180.3M
$5.3B
Q3 24
$194.4M
$4.9B
Q2 24
$198.0M
$4.9B
Debt / Equity
LAW
LAW
SMBK
SMBK
Q1 26
Q4 25
Q3 25
0.00×
Q2 25
0.01×
Q1 25
0.02×
Q4 24
0.02×
Q3 24
0.02×
Q2 24
0.03×

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
SMBK
SMBK
Operating Cash FlowLast quarter
$-11.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LAW
LAW
SMBK
SMBK
Q1 26
$-11.7M
Q4 25
$762.0K
$61.7M
Q3 25
$-979.0K
$16.9M
Q2 25
$-4.2M
$14.0M
Q1 25
$-10.5M
$14.3M
Q4 24
$2.1M
$52.7M
Q3 24
$-2.9M
$12.4M
Q2 24
$-650.0K
$16.5M
Free Cash Flow
LAW
LAW
SMBK
SMBK
Q1 26
Q4 25
$255.0K
$59.3M
Q3 25
$-2.0M
$16.6M
Q2 25
$-5.2M
$13.2M
Q1 25
$-11.0M
$13.4M
Q4 24
$1.5M
$46.3M
Q3 24
$-3.7M
$11.3M
Q2 24
$-1.3M
$15.4M
FCF Margin
LAW
LAW
SMBK
SMBK
Q1 26
Q4 25
0.6%
111.3%
Q3 25
-5.0%
32.4%
Q2 25
-13.6%
26.9%
Q1 25
-30.1%
28.5%
Q4 24
4.1%
98.9%
Q3 24
-10.3%
25.7%
Q2 24
-3.6%
38.2%
Capex Intensity
LAW
LAW
SMBK
SMBK
Q1 26
Q4 25
1.2%
4.5%
Q3 25
2.6%
0.6%
Q2 25
2.5%
1.6%
Q1 25
1.4%
2.0%
Q4 24
1.5%
13.7%
Q3 24
2.4%
2.4%
Q2 24
1.8%
2.7%
Cash Conversion
LAW
LAW
SMBK
SMBK
Q1 26
Q4 25
4.50×
Q3 25
1.23×
Q2 25
1.20×
Q1 25
1.27×
Q4 24
5.47×
Q3 24
1.36×
Q2 24
2.07×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

LAW
LAW

Segment breakdown not available.

SMBK
SMBK

Net Interest Income$45.9M85%
Noninterest Income$7.9M15%

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