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

CS Disco, Inc. is the larger business by last-quarter revenue ($41.9M vs $35.2M, roughly 1.2× Voyager Technologies, Inc.). CS Disco, Inc. runs the higher net margin — -23.0% vs -130.4%, a 107.4% gap on every dollar of revenue. On growth, CS Disco, Inc. posted the faster year-over-year revenue change (14.3% vs 2.1%).

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.

LAW vs VOYG — Head-to-Head

Bigger by revenue
LAW
LAW
1.2× larger
LAW
$41.9M
$35.2M
VOYG
Growing faster (revenue YoY)
LAW
LAW
+12.1% gap
LAW
14.3%
2.1%
VOYG
Higher net margin
LAW
LAW
107.4% more per $
LAW
-23.0%
-130.4%
VOYG

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
LAW
LAW
VOYG
VOYG
Revenue
$41.9M
$35.2M
Net Profit
$-9.6M
$-45.9M
Gross Margin
74.2%
-4.4%
Operating Margin
1.7%
Net Margin
-23.0%
-130.4%
Revenue YoY
14.3%
2.1%
Net Profit YoY
15.6%
-64.5%
EPS (diluted)
$-0.15
$-0.75

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
VOYG
VOYG
Q1 26
$41.9M
$35.2M
Q4 25
$41.2M
$46.7M
Q3 25
$40.9M
$39.6M
Q2 25
$38.1M
$45.7M
Q1 25
$36.7M
Q4 24
$37.0M
Q3 24
$36.3M
Q2 24
$36.0M
Net Profit
LAW
LAW
VOYG
VOYG
Q1 26
$-9.6M
$-45.9M
Q4 25
$-8.5M
$-33.0M
Q3 25
$-13.7M
$-16.3M
Q2 25
$-10.8M
$-31.4M
Q1 25
$-11.4M
Q4 24
$-25.2M
Q3 24
$-9.2M
Q2 24
$-10.8M
Gross Margin
LAW
LAW
VOYG
VOYG
Q1 26
74.2%
-4.4%
Q4 25
75.1%
21.4%
Q3 25
75.5%
15.4%
Q2 25
74.6%
18.0%
Q1 25
74.1%
Q4 24
74.2%
Q3 24
73.1%
Q2 24
74.2%
Operating Margin
LAW
LAW
VOYG
VOYG
Q1 26
1.7%
Q4 25
-22.4%
Q3 25
-35.3%
-60.7%
Q2 25
-31.0%
-52.8%
Q1 25
-34.4%
Q4 24
-70.6%
Q3 24
-30.0%
Q2 24
-34.4%
Net Margin
LAW
LAW
VOYG
VOYG
Q1 26
-23.0%
-130.4%
Q4 25
-20.7%
-70.7%
Q3 25
-33.4%
-41.1%
Q2 25
-28.4%
-68.7%
Q1 25
-31.1%
Q4 24
-68.1%
Q3 24
-25.3%
Q2 24
-30.1%
EPS (diluted)
LAW
LAW
VOYG
VOYG
Q1 26
$-0.15
$-0.75
Q4 25
$-0.13
$-0.52
Q3 25
$-0.22
$-0.28
Q2 25
$-0.18
$-1.23
Q1 25
$-0.19
Q4 24
$-0.43
Q3 24
$-0.15
Q2 24
$-0.18

Balance Sheet & Financial Strength

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

Metric
LAW
LAW
VOYG
VOYG
Cash + ST InvestmentsLiquidity on hand
$103.0M
$429.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$123.9M
$404.5M
Total Assets
$162.4M
$1.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LAW
LAW
VOYG
VOYG
Q1 26
$103.0M
$429.4M
Q4 25
$114.6M
$491.3M
Q3 25
$113.5M
$413.3M
Q2 25
$114.5M
$468.9M
Q1 25
$118.8M
Q4 24
$129.1M
Q3 24
$126.8M
Q2 24
$130.0M
Stockholders' Equity
LAW
LAW
VOYG
VOYG
Q1 26
$123.9M
$404.5M
Q4 25
$128.1M
Q3 25
$130.6M
$590.9M
Q2 25
$137.9M
$554.7M
Q1 25
$142.2M
Q4 24
$147.5M
Q3 24
$167.3M
Q2 24
$170.9M
Total Assets
LAW
LAW
VOYG
VOYG
Q1 26
$162.4M
$1.0B
Q4 25
$173.6M
Q3 25
$174.8M
$727.8M
Q2 25
$164.9M
$685.3M
Q1 25
$168.0M
Q4 24
$180.3M
Q3 24
$194.4M
Q2 24
$198.0M

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
VOYG
VOYG
Operating Cash FlowLast quarter
$-11.7M
$-39.7M
Free Cash FlowOCF − Capex
$-66.8M
FCF MarginFCF / Revenue
-189.5%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-263.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LAW
LAW
VOYG
VOYG
Q1 26
$-11.7M
$-39.7M
Q4 25
$762.0K
$-60.9M
Q3 25
$-979.0K
$-15.1M
Q2 25
$-4.2M
$-30.9M
Q1 25
$-10.5M
Q4 24
$2.1M
Q3 24
$-2.9M
Q2 24
$-650.0K
Free Cash Flow
LAW
LAW
VOYG
VOYG
Q1 26
$-66.8M
Q4 25
$255.0K
$-54.5M
Q3 25
$-2.0M
$-53.8M
Q2 25
$-5.2M
$-88.8M
Q1 25
$-11.0M
Q4 24
$1.5M
Q3 24
$-3.7M
Q2 24
$-1.3M
FCF Margin
LAW
LAW
VOYG
VOYG
Q1 26
-189.5%
Q4 25
0.6%
-116.9%
Q3 25
-5.0%
-135.8%
Q2 25
-13.6%
-194.4%
Q1 25
-30.1%
Q4 24
4.1%
Q3 24
-10.3%
Q2 24
-3.6%
Capex Intensity
LAW
LAW
VOYG
VOYG
Q1 26
Q4 25
1.2%
Q3 25
2.6%
97.8%
Q2 25
2.5%
126.7%
Q1 25
1.4%
Q4 24
1.5%
Q3 24
2.4%
Q2 24
1.8%

Financial Flow Comparison

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

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