AI · C3.ai, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $53.26M | $75.15M | $70.26M | $94.34M | $98.78M | $87.21M | $73.23M | $78.40M | $72.36M | $62.41M |
| Cost of Revenue | $44.02M | $44.77M | $43.82M | $36.50M | $40.44M | $35.05M | $32.12M | $33.11M | $31.81M | $20.75M |
| Gross Profit | $9.23M | $30.38M | $26.44M | $57.84M | $58.35M | $52.17M | $41.11M | $45.29M | $40.55M | $41.66M |
| R&D | $58.82M | $58.35M | $64.65M | $55.72M | $59.36M | $52.93M | $50.40M | $49.48M | $50.87M | $50.05M |
| SG&A | $23.64M | $25.80M | $24.10M | $21.77M | $25.38M | $19.70M | $20.21M | $21.21M | $19.89M | $18.64M |
| Total Operating Expenses | $149.64M | $142.49M | $151.26M | $133.13M | $145.93M | $124.75M | $120.51M | $127.83M | $114.64M | $113.62M |
| D&A | $3.30M | $3.30M | $3.42M | $2.90M | $3.10M | $3.12M | $2.80M | $2.90M | $3.06M | $700.0K |
| Operating Income | ($140.41M) | ($112.11M) | ($124.82M) | ($75.29M) | ($87.58M) | ($72.59M) | ($79.40M) | ($82.55M) | ($74.09M) | ($71.97M) |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $174.0K | $237.0K | $300.0K | $257.0K | $336.0K | $272.0K | $226.0K | $489.0K | $148.0K | $163.0K |
| Net Income | ($133.36M) | ($104.67M) | ($116.77M) | ($65.97M) | ($80.20M) | ($62.83M) | ($69.78M) | ($72.63M) | ($64.36M) | ($68.85M) |
| EPS - Basic | ($0.94) | ($0.75) | ($0.86) | ($0.52) | ($0.62) | ($0.50) | ($0.59) | ($0.60) | ($0.56) | ($0.55) |
| EPS - Diluted | ($0.94) | ($0.75) | ($0.86) | ($0.52) | ($0.62) | ($0.50) | ($0.59) | ($0.60) | ($0.56) | ($0.55) |
Balance Sheet
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $88.85M | $103.20M | $80.94M | $164.36M | $125.09M | $133.82M | $167.15M | $114.56M | $206.44M | $284.83M |
| Accounts Receivable | $123.57M | $136.06M | $113.92M | $137.23M | $180.36M | $140.07M | $130.06M | $173.48M | $122.57M | $134.59M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $18.15M | $35.94M | $12.08M | $15.16M | $28.74M | $31.61M | $11.32M | $19.84M | $26.89M | $24.61M |
| Current Assets | $782.70M | $845.90M | $851.11M | $904.25M | $930.90M | $926.41M | $904.39M | $926.03M | $894.79M | $888.88M |
| Total Assets | $895.78M | $961.30M | $968.74M | $1.03B | $1.06B | $1.06B | $1.04B | $1.06B | $1.09B | $1.10B |
| Current Liabilities | $118.94M | $130.82M | $111.29M | $131.88M | $138.05M | $117.93M | $102.33M | $109.18M | $110.71M | $136.04M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $176.30M | $189.41M | $169.91M | $187.58M | $194.96M | $182.70M | $164.87M | $165.99M | $156.96M | $173.36M |
| Stockholders' Equity | $719.47M | $771.88M | $798.82M | $838.30M | $860.18M | $874.92M | $873.35M | $898.00M | $932.44M | $929.66M |
| Retained Earnings | ($1.73B) | ($1.60B) | ($1.50B) | ($1.38B) | ($1.30B) | ($1.15B) | ($1.09B) | ($1.02B) | ($874.60M) | ($810.24M) |
Cash Flow
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | ($33.53M) | - | - | $8.04M | - | - | $3.94M | - |
| Investing Cash Flow | - | - | ($51.17M) | - | - | ($41.55M) | - | - | ($84.80M) | - |
| Financing Cash Flow | - | - | $1.29M | - | - | $182.0K | - | - | $2.48M | - |
| CapEx | - | - | $760.0K | - | - | $924.0K | - | - | $11.34M | - |
| Free Cash Flow | - | - | ($34.30M) | - | - | $7.12M | - | - | ($7.40M) | - |
Ratios
| Metric | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 17.3% | 40.4% | 37.6% | 61.3% | 59.1% | 59.8% | 56.1% | 57.8% | 56.0% | 66.7% |
| Operating margin | -263.6% | -149.2% | -177.7% | -79.8% | -88.7% | -83.2% | -108.4% | -105.3% | -102.4% | -115.3% |
| EBITDA margin | -257.4% | -144.8% | -172.8% | -76.7% | -85.5% | -79.7% | -104.6% | -101.6% | -98.2% | -114.2% |
| Net margin | -250.4% | -139.3% | -166.2% | -69.9% | -81.2% | -72.0% | -95.3% | -92.6% | -88.9% | -110.3% |
| Free cash flow margin | - | - | -48.8% | - | - | 8.2% | - | - | -10.2% | - |
| FCF / Net income | - | - | 0.29 | - | - | -0.11 | - | - | 0.12 | - |
| R&D / Revenue | 110.4% | 77.7% | 92.0% | 59.1% | 60.1% | 60.7% | 68.8% | 63.1% | 70.3% | 80.2% |
| SG&A / Revenue | 44.4% | 34.3% | 34.3% | 23.1% | 25.7% | 22.6% | 27.6% | 27.1% | 27.5% | 29.9% |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -14.9% | -10.9% | -12.1% | -6.4% | -7.6% | -5.9% | -6.7% | -6.8% | -5.9% | -6.2% |
| Return on equity | -18.5% | -13.6% | -14.6% | -7.9% | -9.3% | -7.2% | -8.0% | -8.1% | -6.9% | -7.4% |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 6.58 | 6.47 | 7.65 | 6.86 | 6.74 | 7.86 | 8.84 | 8.48 | 8.08 | 6.53 |
| Quick ratio | 6.58 | 6.47 | 7.65 | 6.86 | 6.74 | 7.86 | 8.84 | 8.48 | 8.08 | 6.53 |
| Cash ratio | 0.75 | 0.79 | 0.73 | 1.25 | 0.91 | 1.13 | 1.63 | 1.05 | 1.86 | 2.09 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 1.25 | 1.25 | 1.21 | 1.22 | 1.23 | 1.21 | 1.19 | 1.18 | 1.17 | 1.19 |
| Liabilities / Assets | 0.20 | 0.20 | 0.18 | 0.18 | 0.18 | 0.17 | 0.16 | 0.16 | 0.14 | 0.16 |
| Efficiency | ||||||||||
| Asset turnover | 0.06 | 0.08 | 0.07 | 0.09 | 0.09 | 0.08 | 0.07 | 0.07 | 0.07 | 0.06 |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 847d | 661d | 592d | 531d | 666d | 586d | 648d | 808d | 618d | 787d |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | 150d | 293d | 101d | 152d | 259d | 329d | 129d | 219d | 308d | 433d |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | 2.2x | 3.2x | 4.0x | 3.4x | 4.8x | 3.8x | 3.1x | 3.3x | 5.2x | 2.1x |
| P / S | 29.3x | 32.4x | 45.4x | 29.8x | 41.4x | 38.3x | 36.5x | 38.1x | 67.1x | 31.1x |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -46.1% | -20.3% | -19.4% | 28.8% | 26.0% | 20.5% | 17.3% | 17.6% | 10.8% | 51.0% |
| Revenue CAGR (3y) | -7.2% | 6.4% | 2.5% | 31.7% | 12.3% | 18.5% | - | 16.9% | - | - |
| Revenue CAGR (5y) | 1.6% | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | -84.2% | -47.5% | -49.3% | 40.7% | 28.8% | 28.6% | -1.3% | 2.0% | -13.5% | 33.3% |
| Operating income growth (YoY) | -60.3% | -48.9% | -72.0% | 5.2% | -6.1% | 2.0% | -10.3% | -14.6% | -1.2% | -395.5% |
| Net income growth (YoY) | -66.3% | -58.7% | -85.9% | 5.5% | -10.4% | 2.4% | -1.4% | -15.0% | 10.5% | -360.7% |
| EPS growth (YoY) | -51.6% | -44.2% | -72.0% | 11.9% | -3.3% | 10.7% | -7.3% | -57.9% | 16.4% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | 86.2% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -16.4% | -7.9% | -8.7% | -4.0% | -4.2% | -6.2% | -6.1% | -5.2% | -4.8% | -6.0% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-04-30.
Product / service
$544.68M totalLicense And Service$327.63M · 60.2%
Software Licenses$94.20M · 17.3%
Professional Services$61.43M · 11.3%
Engineering Services$43.03M · 7.9%
Service Fees$18.39M · 3.4%
Geographic
$389.06M totalNorth America$346.22M · 89.0%
EMEA$40.75M · 10.5%
Rest Of World$1.80M · 0.5%
Asia Pacific$286.0K · 0.1%
Peer comparison
Same SIC group: Services-Prepackaged Software
Comparing C3.ai against the 5 most active filers in the same SIC group.