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Side-by-side financial comparison of CS Disco, Inc. (LAW) and WEST BANCORPORATION INC (WTBA). Click either name above to swap in a different company.
CS Disco, Inc. is the larger business by last-quarter revenue ($41.2M vs $26.9M, roughly 1.5× WEST BANCORPORATION INC). WEST BANCORPORATION INC runs the higher net margin — 39.2% vs -20.7%, a 59.9% gap on every dollar of revenue. On growth, WEST BANCORPORATION INC posted the faster year-over-year revenue change (16.6% vs 11.3%). WEST BANCORPORATION INC produced more free cash flow last quarter ($12.4M vs $255.0K). Over the past eight quarters, WEST BANCORPORATION INC's revenue compounded faster (17.3% CAGR vs 7.6%).
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.
West Bancorporation Inc. is a regional financial holding company headquartered in the U.S. Midwest, primarily serving markets across Iowa and Minnesota. It provides a full suite of personal and commercial banking services, including deposit accounts, mortgage loans, business lending, and wealth management solutions for individual consumers, small-to-medium enterprises, and local organizational clients.
LAW vs WTBA — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $41.2M | $26.9M |
| Net Profit | $-8.5M | $10.6M |
| Gross Margin | 75.1% | — |
| Operating Margin | -22.4% | 50.0% |
| Net Margin | -20.7% | 39.2% |
| Revenue YoY | 11.3% | 16.6% |
| Net Profit YoY | 66.3% | 34.8% |
| EPS (diluted) | $-0.13 | $0.61 |
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 | — | $26.9M | ||
| Q4 25 | $41.2M | $24.2M | ||
| Q3 25 | $40.9M | $25.0M | ||
| Q2 25 | $38.1M | $23.8M | ||
| Q1 25 | $36.7M | $23.1M | ||
| Q4 24 | $37.0M | $20.9M | ||
| Q3 24 | $36.3M | $20.3M | ||
| Q2 24 | $36.0M | $19.6M |
| Q1 26 | — | $10.6M | ||
| Q4 25 | $-8.5M | $7.4M | ||
| Q3 25 | $-13.7M | $9.3M | ||
| Q2 25 | $-10.8M | $8.0M | ||
| Q1 25 | $-11.4M | $7.8M | ||
| Q4 24 | $-25.2M | $7.1M | ||
| Q3 24 | $-9.2M | $6.0M | ||
| Q2 24 | $-10.8M | $5.2M |
| Q1 26 | — | — | ||
| 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 26 | — | 50.0% | ||
| Q4 25 | -22.4% | 39.6% | ||
| Q3 25 | -35.3% | 45.8% | ||
| Q2 25 | -31.0% | 43.4% | ||
| Q1 25 | -34.4% | 43.4% | ||
| Q4 24 | -70.6% | 30.9% | ||
| Q3 24 | -30.0% | 36.6% | ||
| Q2 24 | -34.4% | 32.6% |
| Q1 26 | — | 39.2% | ||
| Q4 25 | -20.7% | 30.7% | ||
| Q3 25 | -33.4% | 37.3% | ||
| Q2 25 | -28.4% | 33.5% | ||
| Q1 25 | -31.1% | 34.0% | ||
| Q4 24 | -68.1% | 34.0% | ||
| Q3 24 | -25.3% | 29.3% | ||
| Q2 24 | -30.1% | 26.5% |
| Q1 26 | — | $0.61 | ||
| Q4 25 | $-0.13 | $0.44 | ||
| Q3 25 | $-0.22 | $0.55 | ||
| Q2 25 | $-0.18 | $0.47 | ||
| Q1 25 | $-0.19 | $0.46 | ||
| Q4 24 | $-0.43 | $0.41 | ||
| Q3 24 | $-0.15 | $0.35 | ||
| Q2 24 | $-0.18 | $0.31 |
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 | $362.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $128.1M | $270.7M |
| Total Assets | $173.6M | $4.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $362.0M | ||
| Q4 25 | $114.6M | $471.1M | ||
| Q3 25 | $113.5M | $232.9M | ||
| Q2 25 | $114.5M | $345.2M | ||
| Q1 25 | $118.8M | — | ||
| Q4 24 | $129.1M | $243.5M | ||
| Q3 24 | $126.8M | — | ||
| Q2 24 | $130.0M | — |
| Q1 26 | — | $270.7M | ||
| Q4 25 | $128.1M | $266.0M | ||
| Q3 25 | $130.6M | $255.1M | ||
| Q2 25 | $137.9M | $240.9M | ||
| Q1 25 | $142.2M | $237.9M | ||
| Q4 24 | $147.5M | $227.9M | ||
| Q3 24 | $167.3M | $235.4M | ||
| Q2 24 | $170.9M | $223.9M |
| Q1 26 | — | $4.0B | ||
| Q4 25 | $173.6M | $4.1B | ||
| Q3 25 | $174.8M | $4.0B | ||
| Q2 25 | $164.9M | $4.1B | ||
| Q1 25 | $168.0M | $4.0B | ||
| Q4 24 | $180.3M | $4.0B | ||
| Q3 24 | $194.4M | $4.0B | ||
| Q2 24 | $198.0M | $4.0B |
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 | $12.9M |
| Free Cash FlowOCF − Capex | $255.0K | $12.4M |
| FCF MarginFCF / Revenue | 0.6% | 46.0% |
| Capex IntensityCapex / Revenue | 1.2% | 1.8% |
| Cash ConversionOCF / Net Profit | — | 1.22× |
| TTM Free Cash FlowTrailing 4 quarters | $-18.0M | $79.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $12.9M | ||
| Q4 25 | $762.0K | $46.5M | ||
| Q3 25 | $-979.0K | $11.4M | ||
| Q2 25 | $-4.2M | $13.5M | ||
| Q1 25 | $-10.5M | $9.7M | ||
| Q4 24 | $2.1M | $39.8M | ||
| Q3 24 | $-2.9M | $12.9M | ||
| Q2 24 | $-650.0K | $10.0M |
| Q1 26 | — | $12.4M | ||
| Q4 25 | $255.0K | $43.2M | ||
| Q3 25 | $-2.0M | $10.8M | ||
| Q2 25 | $-5.2M | $12.8M | ||
| Q1 25 | $-11.0M | $8.3M | ||
| Q4 24 | $1.5M | $13.7M | ||
| Q3 24 | $-3.7M | $7.0M | ||
| Q2 24 | $-1.3M | $2.7M |
| Q1 26 | — | 46.0% | ||
| Q4 25 | 0.6% | 178.3% | ||
| Q3 25 | -5.0% | 43.0% | ||
| Q2 25 | -13.6% | 53.6% | ||
| Q1 25 | -30.1% | 35.7% | ||
| Q4 24 | 4.1% | 65.6% | ||
| Q3 24 | -10.3% | 34.2% | ||
| Q2 24 | -3.6% | 14.0% |
| Q1 26 | — | 1.8% | ||
| Q4 25 | 1.2% | 13.7% | ||
| Q3 25 | 2.6% | 2.6% | ||
| Q2 25 | 2.5% | 3.2% | ||
| Q1 25 | 1.4% | 6.5% | ||
| Q4 24 | 1.5% | 125.3% | ||
| Q3 24 | 2.4% | 29.4% | ||
| Q2 24 | 1.8% | 37.1% |
| Q1 26 | — | 1.22× | ||
| Q4 25 | — | 6.26× | ||
| Q3 25 | — | 1.23× | ||
| Q2 25 | — | 1.70× | ||
| Q1 25 | — | 1.24× | ||
| Q4 24 | — | 5.61× | ||
| Q3 24 | — | 2.17× | ||
| Q2 24 | — | 1.93× |
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% |
WTBA
Segment breakdown not available.
