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CS Disco, Inc.（LAW）与REDWOOD TRUST INC（RWT）财务数据对比。点击上方公司名可切换其他公司
CS Disco, Inc.的季度营收约是REDWOOD TRUST INC的1.6倍（$41.2M vs $25.9M），REDWOOD TRUST INC净利率更高（77.2% vs -20.7%，领先97.9%），CS Disco, Inc.同比增速更快（11.3% vs -6.1%），过去两年CS Disco, Inc.的营收复合增速更高（7.6% vs -41.0%）
CS Disco, Inc.是一家领先的法律科技企业，开发面向法律从业者的云原生软件产品，涵盖电子取证、文档审核、案件管理及法律工作流自动化等工具，服务客户包括律师事务所、企业法务部门及政府法律机构。
Redwood Trust Inc是总部位于美国的专业房地产投资信托公司，主营住宅与商业抵押贷款、抵押贷款支持证券及房地产信贷类资产的投资管理，核心业务覆盖住宅抵押贷款发放、商业地产信贷和投资服务，客户以机构投资者和房地产市场参与者为主。
LAW vs RWT — 直观对比
营收规模更大
LAW
是对方的1.6倍
$25.9M
营收增速更快
LAW
高出17.4%
-6.1%
净利率更高
RWT
高出97.9%
-20.7%
两年增速更快
LAW
近两年复合增速
-41.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $41.2M | $25.9M |
| 净利润 | $-8.5M | $20.0M |
| 毛利率 | 75.1% | — |
| 营业利润率 | -22.4% | — |
| 净利率 | -20.7% | 77.2% |
| 营收同比 | 11.3% | -6.1% |
| 净利润同比 | 66.3% | 402.6% |
| 每股收益（稀释后） | $-0.13 | $0.11 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收LAWRWT
| Q4 25 | $41.2M | $25.9M | ||
| Q3 25 | $40.9M | $15.0M | ||
| Q2 25 | $38.1M | $13.8M | ||
| Q1 25 | $36.7M | $27.9M | ||
| Q4 24 | $37.0M | $27.6M | ||
| Q3 24 | $36.3M | $25.5M | ||
| Q2 24 | $36.0M | $67.4M | ||
| Q1 24 | $35.6M | $74.5M |
净利润LAWRWT
| Q4 25 | $-8.5M | $20.0M | ||
| Q3 25 | $-13.7M | $-7.7M | ||
| Q2 25 | $-10.8M | $-98.5M | ||
| Q1 25 | $-11.4M | $16.1M | ||
| Q4 24 | $-25.2M | $-6.6M | ||
| Q3 24 | $-9.2M | $14.8M | ||
| Q2 24 | $-10.8M | $15.5M | ||
| Q1 24 | $-10.6M | $30.3M |
毛利率LAWRWT
| 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% | — |
营业利润率LAWRWT
| Q4 25 | -22.4% | — | ||
| Q3 25 | -35.3% | -9.0% | ||
| Q2 25 | -31.0% | -679.0% | ||
| Q1 25 | -34.4% | 80.2% | ||
| Q4 24 | -70.6% | -1.3% | ||
| Q3 24 | -30.0% | 86.1% | ||
| Q2 24 | -34.4% | 30.3% | ||
| Q1 24 | -34.7% | 41.3% |
净利率LAWRWT
| Q4 25 | -20.7% | 77.2% | ||
| Q3 25 | -33.4% | -51.4% | ||
| Q2 25 | -28.4% | -712.0% | ||
| Q1 25 | -31.1% | 57.8% | ||
| Q4 24 | -68.1% | -24.0% | ||
| Q3 24 | -25.3% | 58.1% | ||
| Q2 24 | -30.1% | 23.0% | ||
| Q1 24 | -29.7% | 40.6% |
每股收益（稀释后）LAWRWT
| Q4 25 | $-0.13 | $0.11 | ||
| Q3 25 | $-0.22 | $-0.08 | ||
| Q2 25 | $-0.18 | $-0.76 | ||
| Q1 25 | $-0.19 | $0.10 | ||
| Q4 24 | $-0.43 | $-0.08 | ||
| Q3 24 | $-0.15 | $0.09 | ||
| Q2 24 | $-0.18 | $0.10 | ||
| Q1 24 | $-0.17 | $0.21 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $114.6M | $255.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $128.1M | $982.6M |
| 总资产 | $173.6M | $23.7B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资LAWRWT
| Q4 25 | $114.6M | $255.7M | ||
| Q3 25 | $113.5M | $226.3M | ||
| Q2 25 | $114.5M | $302.0M | ||
| Q1 25 | $118.8M | $259.9M | ||
| Q4 24 | $129.1M | $245.2M | ||
| Q3 24 | $126.8M | $253.7M | ||
| Q2 24 | $130.0M | $275.6M | ||
| Q1 24 | $148.7M | $275.4M |
总债务LAWRWT
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $1.7B |
股东权益LAWRWT
| Q4 25 | $128.1M | $982.6M | ||
| Q3 25 | $130.6M | $999.0M | ||
| Q2 25 | $137.9M | $1.1B | ||
| Q1 25 | $142.2M | $1.2B | ||
| Q4 24 | $147.5M | $1.2B | ||
| Q3 24 | $167.3M | $1.2B | ||
| Q2 24 | $170.9M | $1.2B | ||
| Q1 24 | $193.2M | $1.2B |
总资产LAWRWT
| Q4 25 | $173.6M | $23.7B | ||
| Q3 25 | $174.8M | $22.6B | ||
| Q2 25 | $164.9M | $21.3B | ||
| Q1 25 | $168.0M | $19.9B | ||
| Q4 24 | $180.3M | $18.3B | ||
| Q3 24 | $194.4M | $18.4B | ||
| Q2 24 | $198.0M | $16.5B | ||
| Q1 24 | $217.3M | $15.1B |
负债/权益比LAWRWT
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 1.39× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $762.0K | $-10.1B |
| 自由现金流经营现金流 - 资本支出 | $255.0K | — |
| 自由现金流率自由现金流/营收 | 0.6% | — |
| 资本支出强度资本支出/营收 | 1.2% | — |
| 现金转化率经营现金流/净利润 | — | -504.15× |
| 过去12个月自由现金流最近4个季度 | $-18.0M | — |
8季度趋势，按日历期对齐
经营现金流LAWRWT
| Q4 25 | $762.0K | $-10.1B | ||
| Q3 25 | $-979.0K | $-2.7B | ||
| Q2 25 | $-4.2M | $-2.1B | ||
| Q1 25 | $-10.5M | $-2.0B | ||
| Q4 24 | $2.1M | $-5.9B | ||
| Q3 24 | $-2.9M | $-2.1B | ||
| Q2 24 | $-650.0K | $-2.0B | ||
| Q1 24 | $-7.3M | $-954.2M |
自由现金流LAWRWT
| Q4 25 | $255.0K | — | ||
| Q3 25 | $-2.0M | — | ||
| Q2 25 | $-5.2M | — | ||
| Q1 25 | $-11.0M | — | ||
| Q4 24 | $1.5M | — | ||
| Q3 24 | $-3.7M | — | ||
| Q2 24 | $-1.3M | — | ||
| Q1 24 | $-8.0M | — |
自由现金流率LAWRWT
| Q4 25 | 0.6% | — | ||
| Q3 25 | -5.0% | — | ||
| Q2 25 | -13.6% | — | ||
| Q1 25 | -30.1% | — | ||
| Q4 24 | 4.1% | — | ||
| Q3 24 | -10.3% | — | ||
| Q2 24 | -3.6% | — | ||
| Q1 24 | -22.5% | — |
资本支出强度LAWRWT
| Q4 25 | 1.2% | — | ||
| Q3 25 | 2.6% | — | ||
| Q2 25 | 2.5% | — | ||
| Q1 25 | 1.4% | — | ||
| Q4 24 | 1.5% | — | ||
| Q3 24 | 2.4% | — | ||
| Q2 24 | 1.8% | — | ||
| Q1 24 | 1.9% | — |
现金转化率LAWRWT
| Q4 25 | — | -504.15× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -120.92× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -140.86× | ||
| Q2 24 | — | -126.56× | ||
| Q1 24 | — | -31.53× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
LAW
| Software | $35.1M | 85% |
| Services | $6.0M | 15% |
RWT
暂无分部数据
