CS Disco Inc 2025年季度报告

Washington, D.C. 20549 FORM10-Q (Mark One)☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period endedMarch31, 2025 OR oTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period from to Commission File Number:001-40624 CS Disco, Inc. (Exact name of registrant as specified in its charter) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports);and (2) has been subject to such filing requirements for the past 90 days.Yes☒Noo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit and post such files).Yes☒Noo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. (Check one): Non-accelerated filer If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☒ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes☐No☒ As of April30, 2025, the registrant had60,807,053shares of common stock, $0.005 par value per share, outstanding. TABLE OF CONTENTS PagePart I - Financial InformationItem 1.Financial Statements4Condensed Consolidated Balance Sheets as of March 31, 2025 and December 31, 2024 (unaudited)4Condensed Consolidated Statements of Operations and Comprehensive Loss for the Three MonthsEnded March 31, 2025 and 2024 (unaudited)5Condensed Consolidated Statements of Changes in Stockholders' Equity for the Three MonthsEnded March 31, 2025 and 2024 (unaudited)6Condensed Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2025and 2024 (unaudited)7Notes to the Condensed Consolidated Financial Statements (unaudited)8Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations23Item 3.Quantitative and Qualitative Disclosures About Market Risk33Item 4.Controls and Procedures33Part II - Other InformationItem 1.Legal Proceedings35Item 1A.Risk Factors35Item 2.Unregistered Sales of Equity Securities and Use of Proceeds70Item 3.Defaults Upon Senior Securities70Item 4.Mine Safety Disclosures70Item 5.Other Information70Item 6.Exhibits and Financial Statement Schedules71Signatures72 SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q contains express or implied forward-looking statements that are based on ourmanagement’s belief and assumptions and on information currently available to our management. All statements other than statementsof historical facts contained in this Quarterly Report on Form 10-Q, including statements regarding our future results of operations orfinancial condition, business strategy and plans and objectives of management for future operations, are forward-looking statements.In some cases, you can identify forward-looking statements because they contain words such as “anticipate,” “believe,”“contemplate,” “continue,” “could,” “estimate,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,”or “would” or the negative of these words or other similar terms or expressions. These forward-looking statements include, but are not limited to, statements concerning the following: •our expectations regarding our revenue, expenses and other operating results;•the impact of fluctuations in customer usage based on the timing of and activity driven by legal matters for which ourproduct offerings are used;•our ability to acquire new customers and successfully retain existing customers;•our ability to increase usage of our product offerings;•our ability to effectively manage our growth;•our ability to achieve or sustain profitability;•future investments in our business, our anticipated capital expenditures and our estimates regarding our capitalrequirements;•the costs and success of our sales and marketing efforts and our ability to promote our brand;•our growth strategies for our product offerings;•the estimated addressable market opportunity for our product offerings;•our ability to grow our partner ecosystem and maintain existing strategic r