C3.ai (AI) Financials

$18.06 -1.21 (-6.28%)

Closing price 03:59 PM Eastern

Extended Trading

$17.96 -0.09 (-0.53%)

As of 07:44 PM Eastern

Annual Income Statements for C3.ai

This table shows C3.ai's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024
Period end date	4/30/2019	4/30/2020	4/30/2021	4/30/2022	4/30/2023	4/30/2024
Net Income / (Loss) Attributable to Common Shareholders	-33	-69	-56	-192	-269	-280
Consolidated Net Income / (Loss)	-33	-69	-56	-192	-269	-280
Net Income / (Loss) Continuing Operations	-33	-69	-56	-192	-269	-280
Total Pre-Tax Income	-33	-69	-55	-191	-268	-279
Total Operating Income	-36	-71	-60	-196	-290	-318
Total Gross Profit	61	118	139	189	180	179
Total Revenue	92	157	183	253	267	311
Operating Revenue	92	157	183	253	267	311
Total Cost of Revenue	30	39	45	64	86	132
Operating Cost of Revenue	30	39	45	64	86	132
Total Operating Expenses	97	189	199	385	471	497
Selling, General & Admin Expense	22	30	33	61	77	81
Marketing Expense	38	95	97	174	183	214
Research & Development Expense	37	65	69	151	211	201
Total Other Income / (Expense), net	2.96	2.50	5.27	4.85	22	39
Interest & Investment Income	3.51	4.25	1.26	1.83	22	40
Other Income / (Expense), net	-0.55	-1.75	4.01	3.02	0.35	-0.64
Income Tax Expense	0.27	0.38	0.70	0.79	0.68	0.79
Basic Earnings per Share	($2.64)	($1.94)	$0.00	($1.84)	($2.45)	($2.34)
Weighted Average Basic Shares Outstanding	0.00	35.80M	66.85M	104.40M	109.85M	119.36M
Diluted Earnings per Share	($2.64)	($1.94)	$0.00	($1.84)	($2.45)	($2.34)
Weighted Average Diluted Shares Outstanding	0.00	35.80M	66.85M	104.40M	109.85M	119.36M
Weighted Average Basic & Diluted Shares Outstanding	25.33M	0.00	3.50M	107.15M	115.61M	124.82M

This table shows C3.ai's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	7/31/2022	10/31/2022	1/31/2023	4/30/2023	7/31/2023	10/31/2023	1/31/2024	4/30/2024	7/31/2024	10/31/2024	1/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-72	-69	-63	-65	-64	-70	-73	-73	-63	-66	-80
Consolidated Net Income / (Loss)	-72	-69	-63	-65	-64	-70	-73	-73	-63	-66	-80
Net Income / (Loss) Continuing Operations	-72	-69	-63	-65	-64	-70	-73	-73	-63	-66	-80
Total Pre-Tax Income	-72	-69	-63	-65	-64	-70	-72	-73	-63	-66	-80
Total Operating Income	-73	-72	-72	-73	-74	-79	-83	-82	-73	-75	-88
Total Gross Profit	47	42	44	48	41	41	45	52	52	58	58
Total Revenue	65	62	67	72	72	73	78	87	87	94	99
Operating Revenue	65	62	67	72	72	73	78	87	87	94	99
Total Cost of Revenue	18	21	22	25	32	32	33	35	35	36	40
Operating Cost of Revenue	18	21	22	25	32	32	33	35	35	36	40
Total Operating Expenses	120	114	116	121	115	121	128	134	125	133	146
Selling, General & Admin Expense	21	19	18	19	20	20	21	20	20	22	25
Marketing Expense	43	45	43	52	44	50	57	63	52	56	61
Research & Development Expense	56	50	55	50	51	50	49	51	53	56	59
Total Other Income / (Expense), net	1.52	3.28	9.02	8.51	9.88	9.84	10	9.31	10	9.57	7.72
Interest & Investment Income	2.54	4.22	6.99	8.23	10	10	10.00	9.48	10	9.56	8.68
Other Income / (Expense), net	-1.02	-0.95	2.03	0.28	-0.24	-0.64	0.41	-0.17	0.03	0.01	-0.96
Income Tax Expense	0.18	0.16	0.14	0.19	0.15	0.23	0.49	-0.07	0.27	0.26	0.34
Basic Earnings per Share	($0.67)	($0.63)	($0.57)	($0.58)	($0.56)	($0.59)	($0.60)	($0.59)	($0.50)	($0.52)	($0.62)
Weighted Average Basic Shares Outstanding	106.84M	108.88M	110.74M	109.85M	115.68M	118.66M	120.49M	119.36M	124.98M	127.87M	130.38M
Diluted Earnings per Share	($0.67)	($0.63)	($0.57)	($0.58)	($0.56)	($0.59)	($0.60)	($0.59)	($0.50)	($0.52)	($0.62)
Weighted Average Diluted Shares Outstanding	106.84M	108.88M	110.74M	109.85M	115.68M	118.66M	120.49M	119.36M	124.98M	127.87M	130.38M
Weighted Average Basic & Diluted Shares Outstanding	108.48M	110.25M	112.21M	115.61M	118.20M	119.87M	122.05M	124.82M	127.03M	129.07M	132.74M

This table details how cash moves in and out of C3.ai's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024
Period end date	4/30/2019	4/30/2020	4/30/2021	4/30/2022	4/30/2023	4/30/2024
Net Change in Cash & Equivalents	-77	-66	83	236	-55	-118
Net Cash From Operating Activities	-35	-61	-38	-86	-116	-62
Net Cash From Continuing Operating Activities	-35	-61	-38	-86	-116	-62
Net Income / (Loss) Continuing Operations	-33	-69	-56	-192	-269	-280
Consolidated Net Income / (Loss)	-33	-69	-56	-192	-269	-280
Depreciation Expense	0.55	1.30	4.30	5.19	6.09	13
Amortization Expense	-	-	-	1.77	-4.56	-17
Non-Cash Adjustments To Reconcile Net Income	4.80	8.56	25	117	224	217
Changes in Operating Assets and Liabilities, net	-6.88	-1.76	-11	-19	-72	5.23
Net Cash From Investing Activities	-96	-124	-767	317	60	-67
Net Cash From Continuing Investing Activities	-96	-124	-767	317	60	-67
Purchase of Property, Plant & Equipment	-6.81	-2.88	-1.63	-4.29	-72	-28
Purchase of Investments	-166	-220	-1,152	-796	-745	-828
Sale and/or Maturity of Investments	77	99	386	1,118	877	789
Net Cash From Financing Activities	54	120	887	5.71	0.62	11
Net Cash From Continuing Financing Activities	54	120	887	5.71	0.62	11
Repurchase of Common Equity	0.00	-	0.00	-15	0.00	0.00
Issuance of Common Equity	0.26	44	0.00	0.00	3.09	11
Other Financing Activities, net	2.91	4.20	9.49	21	-2.47	0.53
Cash Income Taxes Paid	0.13	0.66	0.55	0.94	0.58	0.98

This table details how cash moves in and out of C3.ai's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	7/31/2022	10/31/2022	1/31/2023	4/30/2023	7/31/2023	10/31/2023	1/31/2024	4/30/2024	7/31/2024	10/31/2024	1/31/2025
Net Change in Cash & Equivalents	-118	56	33	-26	-78	-57	-34	53	-33	-13	3.82
Net Cash From Operating Activities	-38	-53	-52	27	3.94	-49	-39	21	8.04	-39	-22
Net Cash From Continuing Operating Activities	-38	-53	-52	27	3.94	-49	-39	21	8.04	-39	-22
Net Income / (Loss) Continuing Operations	-72	-69	-63	-65	-64	-70	-73	-73	-63	-66	-80
Consolidated Net Income / (Loss)	-72	-69	-63	-65	-64	-70	-73	-73	-63	-66	-80
Depreciation Expense	1.46	0.95	0.84	2.83	3.06	3.16	3.25	3.25	3.12	2.97	3.12
Amortization Expense	1.86	-2.44	-1.41	-2.57	-3.97	-4.78	-4.48	-3.98	-3.85	-3.77	-3.10
Non-Cash Adjustments To Reconcile Net Income	57	57	61	49	51	53	55	57	55	58	64
Changes in Operating Assets and Liabilities, net	-26	-39	-49	42	18	-31	-20	38	17	-29	-6.30
Net Cash From Investing Activities	-80	111	86	-56	-85	-12	4.10	26	-42	23	12
Net Cash From Continuing Investing Activities	-80	111	86	-56	-85	-12	4.10	26	-42	23	12
Purchase of Property, Plant & Equipment	-17	-24	-20	-11	-13	-6.54	-6.09	-2.54	-0.92	-0.82	-0.36
Purchase of Investments	-226	-158	-113	-248	-323	-167	-168	-170	-231	-135	-153
Sale and/or Maturity of Investments	162	293	219	202	251	162	178	199	190	158	166
Net Cash From Financing Activities	1.09	-2.68	-0.86	3.07	2.48	3.06	0.51	5.26	0.18	3.51	13
Net Cash From Continuing Financing Activities	1.09	-2.68	-0.86	3.07	2.48	3.06	0.51	5.26	0.18	3.51	13
Other Financing Activities, net	1.09	-2.68	-0.86	-0.02	2.48	-2.00	0.51	-0.45	0.18	-1.50	13
Cash Income Taxes Paid	0.07	0.07	0.08	0.36	0.15	0.13	0.48	0.22	0.29	0.24	0.21

This table presents C3.ai's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024
Period end date	4/30/2020	4/30/2021	4/30/2022	4/30/2023	4/30/2024
Total Assets	305	1,196	1,171	1,103	1,038
Total Current Assets	281	1,173	1,060	889	904
Cash & Equivalents	33	115	340	285	167
Short-Term Investments	212	978	621	446	583
Accounts Receivable	31	65	80	135	130
Prepaid Expenses	5.40	14	20	23	24
Plant, Property, & Equipment, net	8.72	6.13	15	85	89
Total Noncurrent Assets	15	17	96	130	45
Goodwill	0.63	0.63	0.63	0.63	0.63
Other Noncurrent Operating Assets	14	17	63	48	45
Total Liabilities & Shareholders' Equity	305	1,196	1,171	1,103	1,038
Total Liabilities	94	135	181	173	165
Total Current Liabilities	81	124	150	136	102
Accounts Payable	4.73	12	54	25	11
Accrued Expenses	9.08	18	15	17	9.53
Current Deferred Revenue	54	72	49	48	37
Current Employee Benefit Liabilities	14	22	32	47	44
Total Noncurrent Liabilities	13	11	31	37	63
Noncurrent Deferred Revenue	6.76	2.96	0.29	0.00	1.73
Other Noncurrent Operating Liabilities	6.00	7.85	31	37	61
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-183	1,061	989	930	873
Total Preferred & Common Equity	-183	1,061	989	930	873
Total Common Equity	-183	1,061	989	930	873
Common Stock	111	1,410	1,533	1,740	1,964
Retained Earnings	-294	-349	-541	-810	-1,090
Accumulated Other Comprehensive Income / (Loss)	0.42	0.08	-2.15	-0.39	-0.56

This table presents C3.ai's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	1/31/2022	7/31/2022	10/31/2022	1/31/2023	7/31/2023	10/31/2023	1/31/2024	7/31/2024	10/31/2024	1/31/2025
Total Assets	1,188	1,137	1,101	1,095	1,089	1,071	1,064	1,058	1,046	1,055
Total Current Assets	1,063	1,007	960	947	895	931	926	926	918	931
Cash & Equivalents	205	222	278	311	206	149	115	134	121	125
Short-Term Investments	764	685	562	461	544	613	609	629	609	599
Accounts Receivable	68	81	95	144	123	143	173	140	160	180
Prepaid Expenses	26	18	25	30	21	26	29	24	27	26
Plant, Property, & Equipment, net	5.30	39	62	75	89	93	91	86	84	82
Total Noncurrent Assets	120	92	79	74	106	47	47	45	44	42
Goodwill	0.63	0.63	0.63	0.63	0.63	0.63	0.63	0.63	0.63	0.63
Other Noncurrent Operating Assets	65	60	60	56	47	47	46	44	44	42
Total Liabilities & Shareholders' Equity	1,188	1,137	1,101	1,095	1,089	1,071	1,064	1,058	1,046	1,055
Total Liabilities	161	158	147	148	157	160	166	183	187	195
Total Current Liabilities	129	131	119	124	111	114	109	118	122	138
Accounts Payable	14	41	31	20	27	26	20	32	21	29
Accrued Expenses	34	18	20	25	10	10	12	13	24	28
Current Deferred Revenue	59	44	30	39	41	40	39	40	36	33
Current Employee Benefit Liabilities	23	29	38	40	32	38	38	34	42	49
Total Noncurrent Liabilities	32	27	29	24	46	46	57	65	65	57
Noncurrent Deferred Revenue	0.92	0.02	0.23	0.05	0.02	0.07	2.18	0.72	0.13	0.00
Other Noncurrent Operating Liabilities	31	27	29	24	46	46	55	64	65	57
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,027	979	953	947	932	911	898	875	859	860
Total Preferred & Common Equity	1,027	979	953	947	932	911	898	875	859	860
Total Common Equity	1,027	979	953	947	932	911	898	875	859	860
Common Stock	1,510	1,595	1,638	1,694	1,808	1,856	1,915	2,027	2,077	2,159
Retained Earnings	-483	-613	-682	-745	-875	-944	-1,017	-1,153	-1,219	-1,299
Accumulated Other Comprehensive Income / (Loss)	-0.80	-2.35	-2.81	-1.04	-0.76	-0.78	0.43	0.28	0.52	0.29

This table displays calculated financial ratios and metrics derived from C3.ai's official financial filings.

Metric	2019	2020	2021	2022	2023	2024
Period end date	4/30/2019	4/30/2020	4/30/2021	4/30/2022	4/30/2023	4/30/2024
Growth Metrics	-	-	-	-	-	-
Revenue Growth	0.00%	71.02%	16.95%	37.96%	5.55%	16.41%
EBITDA Growth	0.00%	-99.64%	27.79%	-258.32%	-55.04%	-12.08%
EBIT Growth	0.00%	-100.20%	23.21%	-243.31%	-50.25%	-9.94%
NOPAT Growth	0.00%	-98.37%	15.72%	-225.47%	-48.12%	-9.59%
Net Income Growth	0.00%	-108.05%	19.72%	-244.85%	-39.97%	-4.04%
EPS Growth	0.00%	26.52%	100.00%	0.00%	-33.15%	4.49%
Operating Cash Flow Growth	0.00%	-75.71%	38.72%	-130.24%	-33.81%	46.10%
Free Cash Flow Firm Growth	0.00%	0.00%	-183.45%	-275.71%	-93.97%	29.32%
Invested Capital Growth	0.00%	0.00%	6.38%	91.40%	4,333.32%	4.88%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	8.61%	0.03%	4.78%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	-21.41%	-6.33%	-3.35%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	-22.07%	-5.08%	-3.06%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	-19.95%	-6.12%	-2.92%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	-21.80%	-2.49%	-2.93%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	-1.66%	-0.43%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	6.12%	17.67%	25.79%	-10.08%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	6.31%	2.17%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	-168.77%	-25.58%	-29.59%
Profitability Metrics	-	-	-	-	-	-
Gross Margin	66.83%	75.24%	75.70%	74.79%	67.64%	57.49%
EBITDA Margin	-39.34%	-45.92%	-28.35%	-73.65%	-108.18%	-104.15%
Operating Margin	-39.35%	-45.64%	-32.89%	-77.59%	-108.88%	-102.50%
EBIT Margin	-39.94%	-46.75%	-30.70%	-76.40%	-108.75%	-102.70%
Profit (Net Income) Margin	-36.40%	-44.28%	-30.40%	-75.99%	-100.77%	-90.06%
Tax Burden Percent	100.80%	100.55%	101.28%	100.41%	100.25%	100.28%
Interest Burden Percent	90.41%	94.20%	97.77%	99.05%	92.42%	87.44%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	-355.21%	-185.51%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	-347.95%	-178.23%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	327.19%	154.48%
Return on Equity (ROE)	0.00%	-32.83%	-8.75%	-18.73%	-28.02%	-31.03%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	-275.77%	-190.27%
Operating Return on Assets (OROA)	0.00%	-24.01%	-7.49%	-16.31%	-25.52%	-29.79%
Return on Assets (ROA)	0.00%	-22.74%	-7.42%	-16.23%	-23.65%	-26.12%
Return on Common Equity (ROCE)	0.00%	28.39%	-6.04%	-18.73%	-28.02%	-31.03%
Return on Equity Simple (ROE_SIMPLE)	0.00%	37.97%	-5.25%	-19.41%	-28.92%	-32.03%
Net Operating Profit after Tax (NOPAT)	-25	-50	-42	-137	-203	-223
NOPAT Margin	-27.54%	-31.95%	-23.02%	-54.31%	-76.22%	-71.75%
Net Nonoperating Expense Percent (NNEP)	0.00%	-15.73%	-2.02%	-5.25%	-7.26%	-7.28%
Cost of Revenue to Revenue	33.17%	24.76%	24.30%	25.21%	32.36%	42.51%
SG&A Expenses to Revenue	24.08%	19.06%	18.07%	24.15%	28.92%	26.20%
R&D to Revenue	40.74%	41.20%	37.58%	59.56%	78.96%	64.83%
Operating Expenses to Revenue	106.17%	120.88%	108.59%	152.39%	176.52%	159.99%
Earnings before Interest and Taxes (EBIT)	-37	-73	-56	-193	-290	-319
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-36	-72	-52	-186	-289	-323
Valuation Ratios	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	6.30	1.83	2.15	3.15
Price to Tangible Book Value (P/TBV)	0.00	0.00	6.31	1.83	2.15	3.15
Price to Revenue (P/Rev)	7.11	4.16	36.50	7.15	7.49	8.85
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	10.12	16.26
Enterprise Value to Revenue (EV/Rev)	0.00	5.10	30.53	3.22	4.45	6.44
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	0.00	-1.16	-1.05	-1.02	-0.94	-0.87
Leverage Ratio	0.00	1.44	1.18	1.15	1.18	1.19
Compound Leverage Factor	0.00	1.36	1.15	1.14	1.10	1.04
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	186.46%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	-86.46%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	0.00	3.33	30.30	5.93	6.08	8.75
Noncontrolling Interest Sharing Ratio	0.00%	186.46%	30.96%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-
Current Ratio	0.00	3.47	9.42	7.06	6.53	8.84
Quick Ratio	0.00	3.40	9.31	6.93	6.36	8.60
Cash Flow Metrics	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-16	-44	-167	-323	-229
Operating Cash Flow to CapEx	-512.05%	-2,128.55%	-2,306.70%	-2,014.96%	-161.76%	-222.67%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-
Asset Turnover	0.00	0.51	0.24	0.21	0.23	0.29
Accounts Receivable Turnover	0.00	5.08	3.81	3.47	2.48	2.35
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	17.96	24.67	24.48	5.38	3.59
Accounts Payable Turnover	0.00	8.21	5.30	1.92	2.19	7.35
Days Sales Outstanding (DSO)	0.00	71.82	95.91	105.22	146.97	155.51
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	44.47	68.87	189.89	166.63	49.66
Cash Conversion Cycle (CCC)	0.00	27.35	27.04	-84.67	-19.66	105.85
Capital & Investment Metrics	-	-	-	-	-	-
Invested Capital	0.00	-34	-32	-2.77	117	123
Invested Capital Turnover	0.00	-9.11	-5.50	-14.46	4.66	2.59
Increase / (Decrease) in Invested Capital	0.00	-34	2.19	29	120	5.72
Enterprise Value (EV)	0.00	799	5,594	815	1,187	1,999
Market Capitalization	651	651	6,688	1,807	2,000	2,750
Book Value per Share	$0.00	($5.10)	$10.51	$9.30	$8.29	$7.16
Tangible Book Value per Share	$0.00	($5.12)	$10.51	$9.30	$8.28	$7.15
Total Capital	0.00	211	1,061	989	930	873
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	0.00	-246	-1,093	-992	-812	-750
Capital Expenditures (CapEx)	6.81	2.88	1.63	4.29	72	28
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-45	-45	-50	22	52
Debt-free Net Working Capital (DFNWC)	0.00	200	1,049	910	753	802
Net Working Capital (NWC)	0.00	200	1,049	910	753	802
Net Nonoperating Expense (NNE)	8.12	19	14	55	65	57
Net Nonoperating Obligations (NNO)	0.00	-246	-1,093	-992	-812	-750
Total Depreciation and Amortization (D&A)	0.55	1.30	4.30	6.96	1.53	-4.50
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-28.60%	-24.41%	-19.74%	8.19%	16.64%
Debt-free Net Working Capital to Revenue	0.00%	127.77%	572.36%	360.13%	282.18%	258.24%
Net Working Capital to Revenue	0.00%	127.77%	572.36%	360.13%	282.18%	258.24%
Earnings Adjustments	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	($1.80)	($1.84)	($4.90)	($2.34)
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	103.42M	104.40M	109.85M	119.36M
Adjusted Diluted Earnings per Share	$0.00	$0.00	($1.80)	($1.84)	($4.90)	($2.34)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	103.42M	104.40M	109.85M	119.36M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	($1.80)	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	66.84M	107.15M	115.61M	124.82M
Normalized Net Operating Profit after Tax (NOPAT)	-25	-50	-42	-137	-203	-223
Normalized NOPAT Margin	-27.54%	-31.95%	-23.02%	-54.31%	-76.22%	-71.75%
Pre Tax Income Margin	-36.11%	-44.04%	-30.01%	-75.68%	-100.51%	-89.80%
Debt Service Ratios	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	-7.81%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from C3.ai's official financial filings.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	7/31/2022	10/31/2022	1/31/2023	4/30/2023	7/31/2023	10/31/2023	1/31/2024	4/30/2024	7/31/2024	10/31/2024	1/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	24.62%	7.11%	-4.45%	0.13%	10.80%	17.34%	17.60%	19.58%	20.52%	28.83%	26.00%
EBITDA Growth	-95.47%	-33.28%	-84.41%	-26.39%	-6.12%	-9.74%	-18.14%	-14.40%	2.60%	6.84%	-6.17%
EBIT Growth	-98.39%	-27.81%	-76.50%	-23.77%	-0.14%	-9.77%	-17.33%	-12.99%	2.39%	5.95%	-7.80%
NOPAT Growth	-100.48%	-29.26%	-51.96%	-29.65%	-1.21%	-10.32%	-14.59%	-12.32%	2.03%	5.17%	-6.10%
Net Income Growth	-91.87%	-21.35%	-60.12%	-11.19%	10.45%	-1.35%	-14.99%	-12.27%	2.38%	5.46%	-10.42%
EPS Growth	-81.08%	-14.55%	-50.00%	-7.41%	16.42%	6.35%	-5.26%	-1.72%	10.71%	11.86%	-3.33%
Operating Cash Flow Growth	-3,843.44%	-178.27%	6.36%	305.55%	110.29%	7.60%	24.76%	-21.11%	104.32%	20.37%	43.61%
Free Cash Flow Firm Growth	-596.93%	6.69%	-136.88%	-148.32%	9.06%	-24.21%	63.28%	63.03%	69.88%	70.70%	69.98%
Invested Capital Growth	173.94%	68.32%	3,811.64%	4,333.32%	201.03%	57.83%	10.86%	4.88%	-8.53%	-13.70%	-22.23%
Revenue Q/Q Growth	-9.69%	-4.44%	6.83%	8.61%	-0.07%	1.20%	7.06%	10.45%	0.72%	8.17%	4.71%
EBITDA Q/Q Growth	-23.22%	-4.93%	5.15%	-3.07%	-3.46%	-8.51%	-2.11%	0.20%	11.92%	-3.79%	-16.36%
EBIT Q/Q Growth	-25.87%	1.78%	3.98%	-4.27%	-1.83%	-7.67%	-2.63%	-0.42%	12.03%	-3.74%	-17.62%
NOPAT Q/Q Growth	-29.52%	1.70%	-0.10%	-1.72%	-1.11%	-7.16%	-3.97%	0.29%	11.81%	-3.72%	-16.33%
Net Income Q/Q Growth	-23.02%	4.20%	8.26%	-2.84%	0.92%	-8.42%	-4.09%	-0.41%	13.85%	-5.01%	-21.57%
EPS Q/Q Growth	-24.07%	5.97%	9.52%	-1.75%	3.45%	-5.36%	-1.69%	1.67%	15.25%	-4.00%	-19.23%
Operating Cash Flow Q/Q Growth	-190.67%	-37.45%	1.31%	152.13%	-85.45%	-1,334.50%	19.63%	154.65%	-62.32%	-581.14%	43.09%
Free Cash Flow Firm Q/Q Growth	-113.42%	39.77%	-129.95%	16.00%	21.84%	17.73%	32.02%	15.43%	36.32%	19.97%	30.34%
Invested Capital Q/Q Growth	1,573.39%	131.32%	66.89%	-25.58%	4.77%	21.28%	17.22%	-29.59%	-8.62%	14.42%	5.65%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	71.82%	66.75%	66.59%	65.60%	56.04%	56.14%	57.76%	59.60%	59.81%	61.31%	59.07%
EBITDA Margin	-108.57%	-119.22%	-105.85%	-100.45%	-103.99%	-111.50%	-106.34%	-96.09%	-84.04%	-80.63%	-89.61%
Operating Margin	-112.10%	-115.32%	-108.05%	-101.20%	-102.39%	-108.42%	-105.29%	-95.05%	-83.23%	-79.81%	-88.66%
EBIT Margin	-113.66%	-116.83%	-105.01%	-100.81%	-102.72%	-109.29%	-104.77%	-95.25%	-83.20%	-79.79%	-89.63%
Profit (Net Income) Margin	-110.05%	-110.32%	-94.74%	-89.71%	-88.94%	-95.29%	-92.64%	-84.22%	-72.04%	-69.93%	-81.19%
Tax Burden Percent	100.25%	100.24%	100.23%	100.29%	100.23%	100.32%	100.68%	99.90%	100.43%	100.39%	100.42%
Interest Burden Percent	96.58%	94.21%	90.02%	88.73%	86.38%	86.91%	87.83%	88.50%	86.21%	87.30%	90.20%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	-289.43%	-249.68%	-330.15%	-239.84%	-177.51%	-131.50%	-172.03%	-161.19%	-139.48%	-146.68%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-287.41%	-248.27%	-328.64%	-238.41%	-175.76%	-129.54%	-170.07%	-159.66%	-137.70%	-144.07%
Return on Net Nonoperating Assets (RNNOA)	0.00%	265.56%	227.95%	309.03%	218.00%	152.82%	106.22%	147.41%	138.88%	116.11%	118.62%
Return on Equity (ROE)	-22.39%	-23.87%	-21.73%	-21.12%	-21.84%	-24.70%	-25.28%	-24.62%	-22.31%	-23.37%	-28.05%
Cash Return on Invested Capital (CROIC)	-634.55%	-282.65%	-427.19%	-275.77%	-349.49%	-216.72%	-140.64%	-190.27%	-179.65%	-143.01%	-118.26%
Operating Return on Assets (OROA)	-25.93%	-27.83%	-24.54%	-23.66%	-25.27%	-28.65%	-28.76%	-27.63%	-25.22%	-26.12%	-31.04%
Return on Assets (ROA)	-25.11%	-26.28%	-22.14%	-21.05%	-21.88%	-24.98%	-25.43%	-24.43%	-21.84%	-22.89%	-28.12%
Return on Common Equity (ROCE)	-22.39%	-23.87%	-21.73%	-21.12%	-21.84%	-24.70%	-25.28%	-24.62%	-22.31%	-23.37%	-28.05%
Return on Equity Simple (ROE_SIMPLE)	-23.13%	-25.03%	-27.69%	0.00%	-28.03%	-28.78%	-30.26%	0.00%	-31.79%	-31.94%	-32.78%
Net Operating Profit after Tax (NOPAT)	-51	-50	-50	-51	-52	-56	-58	-58	-51	-53	-61
NOPAT Margin	-78.47%	-80.72%	-75.64%	-70.84%	-71.67%	-75.90%	-73.70%	-66.54%	-58.26%	-55.86%	-62.07%
Net Nonoperating Expense Percent (NNEP)	-2.02%	-2.02%	-1.41%	-1.51%	-1.43%	-1.75%	-1.96%	-1.96%	-1.53%	-1.78%	-2.61%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-6.43%	-	-	-	-7.13%
Cost of Revenue to Revenue	28.18%	33.25%	33.41%	34.40%	43.96%	43.86%	42.24%	40.40%	40.19%	38.69%	40.93%
SG&A Expenses to Revenue	32.53%	29.86%	26.83%	26.79%	27.49%	27.61%	27.06%	23.16%	22.59%	23.08%	25.69%
R&D to Revenue	85.56%	80.20%	82.57%	68.61%	70.30%	68.82%	63.11%	58.46%	60.69%	59.06%	60.09%
Operating Expenses to Revenue	183.91%	182.06%	174.65%	166.80%	158.43%	164.56%	163.05%	154.66%	143.04%	141.12%	147.73%
Earnings before Interest and Taxes (EBIT)	-74	-73	-70	-73	-74	-80	-82	-82	-73	-75	-89
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-71	-74	-71	-73	-75	-82	-83	-83	-73	-76	-89
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.02	1.49	2.31	2.15	5.21	3.16	3.31	3.15	3.82	3.64	4.70
Price to Tangible Book Value (P/TBV)	2.02	1.49	2.31	2.15	5.21	3.17	3.31	3.15	3.82	3.65	4.71
Price to Revenue (P/Rev)	7.43	5.27	8.21	7.49	17.73	10.13	10.02	8.85	10.26	9.03	11.03
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	25.35	5.97	8.88	10.12	32.93	14.24	12.86	16.26	22.92	18.65	24.45
Enterprise Value to Revenue (EV/Rev)	3.89	2.09	5.24	4.45	14.78	7.45	7.58	6.44	7.92	6.92	9.05
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-1.01	-0.92	-0.92	-0.94	-0.91	-0.87	-0.82	-0.87	-0.87	-0.84	-0.82
Leverage Ratio	1.15	1.14	1.16	1.18	1.16	1.16	1.17	1.19	1.19	1.20	1.21
Compound Leverage Factor	1.11	1.08	1.04	1.05	1.01	1.01	1.03	1.05	1.02	1.04	1.09
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	7.67	5.86	8.86	6.73	18.33	10.53	10.34	9.50	10.44	9.40	11.70
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	7.67	8.09	7.66	6.53	8.08	8.16	8.48	8.84	7.86	7.52	6.74
Quick Ratio	7.53	7.88	7.41	6.36	7.89	7.93	8.21	8.60	7.65	7.30	6.55
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-147	-89	-204	-171	-134	-110	-75	-63	-40	-32	-22
Operating Cash Flow to CapEx	-231.36%	-215.15%	-262.27%	251.64%	30.66%	-742.63%	-641.55%	840.94%	870.35%	-4,747.61%	-6,082.87%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.23	0.24	0.23	0.23	0.25	0.26	0.27	0.29	0.30	0.33	0.35
Accounts Receivable Turnover	3.87	4.43	2.52	2.48	2.69	2.39	1.87	2.35	2.48	2.29	2.07
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	11.91	8.06	6.63	5.38	4.29	3.69	3.57	3.59	3.72	3.92	4.24
Accounts Payable Turnover	2.72	3.62	4.57	2.19	2.95	3.94	6.12	7.35	4.62	6.03	6.05
Days Sales Outstanding (DSO)	94.20	82.47	144.97	146.97	135.86	152.52	195.28	155.51	147.29	159.64	175.99
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	134.18	100.77	79.84	166.63	123.75	92.64	59.61	49.66	78.93	60.58	60.33
Cash Conversion Cycle (CCC)	-39.97	-18.30	65.13	-19.66	12.11	59.88	135.67	105.85	68.35	99.06	115.66
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	41	94	158	117	123	149	175	123	112	129	136
Invested Capital Turnover	-36.94	3.59	3.30	4.66	3.35	2.34	1.78	2.59	2.77	2.50	2.36
Increase / (Decrease) in Invested Capital	96	38	154	120	82	55	17	5.72	-10	-20	-39
Enterprise Value (EV)	1,034	563	1,399	1,187	4,046	2,122	2,247	1,999	2,576	2,398	3,322
Market Capitalization	1,973	1,422	2,188	2,000	4,856	2,884	2,970	2,750	3,339	3,129	4,046
Book Value per Share	$9.14	$8.79	$8.59	$8.29	$8.07	$7.71	$7.49	$7.16	$7.01	$6.76	$6.66
Tangible Book Value per Share	$9.13	$8.78	$8.59	$8.28	$8.06	$7.70	$7.49	$7.15	$7.00	$6.76	$6.66
Total Capital	979	953	947	930	932	911	898	873	875	859	860
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-938	-859	-790	-812	-810	-762	-723	-750	-763	-730	-724
Capital Expenditures (CapEx)	17	24	20	11	13	6.54	6.09	2.54	0.92	0.82	0.36
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-32	1.34	50	22	33	55	94	52	46	65	69
Debt-free Net Working Capital (DFNWC)	875	841	823	753	784	817	817	802	808	796	793
Net Working Capital (NWC)	875	841	823	753	784	817	817	802	808	796	793
Net Nonoperating Expense (NNE)	21	18	13	14	12	14	15	15	12	13	19
Net Nonoperating Obligations (NNO)	-938	-859	-790	-812	-810	-762	-723	-750	-763	-730	-724
Total Depreciation and Amortization (D&A)	3.32	-1.49	-0.56	0.26	-0.92	-1.62	-1.23	-0.73	-0.73	-0.79	0.03
Debt-free, Cash-free Net Working Capital to Revenue	-12.01%	0.50%	18.92%	8.19%	12.13%	19.20%	31.55%	16.64%	14.12%	18.88%	18.68%
Debt-free Net Working Capital to Revenue	329.51%	311.86%	308.55%	282.18%	286.32%	286.97%	275.59%	258.24%	248.43%	229.64%	216.08%
Net Working Capital to Revenue	329.51%	311.86%	308.55%	282.18%	286.32%	286.97%	275.59%	258.24%	248.43%	229.64%	216.08%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.67)	($0.63)	($0.57)	($0.58)	($0.56)	($0.59)	($0.60)	($0.59)	($0.50)	($0.52)	($0.62)
Adjusted Weighted Average Basic Shares Outstanding	106.84M	108.88M	110.74M	109.85M	115.68M	118.66M	120.49M	119.36M	124.98M	127.87M	130.38M
Adjusted Diluted Earnings per Share	($0.67)	($0.63)	($0.57)	($0.58)	($0.56)	($0.59)	($0.60)	($0.59)	($0.50)	($0.52)	($0.62)
Adjusted Weighted Average Diluted Shares Outstanding	106.84M	108.88M	110.74M	109.85M	115.68M	118.66M	120.49M	119.36M	124.98M	127.87M	130.38M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	108.48M	110.25M	112.21M	115.61M	118.20M	119.87M	122.05M	124.82M	127.03M	129.07M	132.74M
Normalized Net Operating Profit after Tax (NOPAT)	-51	-50	-50	-51	-52	-56	-58	-58	-51	-53	-61
Normalized NOPAT Margin	-78.47%	-80.72%	-75.64%	-70.84%	-71.67%	-75.90%	-73.70%	-66.54%	-58.26%	-55.86%	-62.07%
Pre Tax Income Margin	-109.78%	-110.06%	-94.53%	-89.44%	-88.73%	-94.98%	-92.02%	-84.30%	-71.73%	-69.66%	-80.85%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials Breakdown Chart

Key Financial Trends

C3.ai (NYSE: AI) has shown steady top-line revenue growth over the past four years, with quarterly operating revenues rising from approximately $65.3 million in Q1 2023 to nearly $98.8 million in Q3 2025. This marks a significant increase, demonstrating the company’s ability to expand its business consistently.

Despite revenue growth, C3.ai has continuously reported operating losses each quarter. Operating income has remained negative, ranging from around -$47 million in Q3 2022 to a larger loss of about -$87.6 million in Q3 2025. This indicates that while revenue is increasing, operating expenses are growing as well, keeping the company in a loss position.

Key expense lines contributing to the negative operating income include:

Selling, General & Administrative (SG&A) expenses have risen steadily from around $15.7 million in Q3 2022 to $25.4 million in Q3 2025.
Marketing expense increased significantly from approximately $43.1 million in Q3 2022 to $61.2 million in Q3 2025.
Research and Development (R&D) costs also grew from $40.9 million in Q3 2022 to $59.4 million in Q3 2025.

The total operating expenses have outpaced gross profit, pushing the total operating income into deeper losses over the years.

Other income sources like interest and investment income have positively contributed, with amounts around $7.5 million to $10 million in recent quarters, somewhat offsetting operating losses but not sufficient to bring net income into positive territory.

Net income remains negative, with Q3 2025 posting a loss of approximately $80.2 million, reflecting continued challenges in managing expenses despite growing revenues.

From a cash flow perspective:

Net cash from operating activities has fluctuated but showed some improvement, with a negative $22 million in Q3 2025 compared to a more significant negative $38.7 million in Q2 2025 and a positive $21.3 million in Q4 2024. This suggests efforts in controlling cash burn.
Net cash from investing activities is generally positive, driven by sale/maturity of investments exceeding purchases, providing a cash inflow of $12.4 million in Q3 2025 and higher inflows in prior quarters.
Net cash from financing activities varies quarter to quarter, with $13.5 million inflow in Q3 2025 but some quarters reporting outflows. This indicates fluctuating capital raising or debt activities.
Overall, the company increased its cash and equivalents from $221.9 million in Q1 2023 to about $125.1 million by Q3 2025, with short-term investments also remaining robust around $599 million, supporting liquidity.

On the balance sheet:

Total assets have remained stable to slightly increasing, around $1.06 billion in Q3 2025 compared to $1.14 billion in Q1 2023, indicating consistent asset base management.
Common equity is healthy at approximately $860 million in Q3 2025, down slightly from prior years but still sizable against liabilities, supporting a solid equity buffer.
Total liabilities stand around $195 million in Q3 2025, slightly increased but controlled relative to equity and assets.

Summary of Key Trends for Investors:

Consistent revenue growth each quarter over the last four years, nearly 50% increase from 2023 to 2025.
Strong liquidity position supported by substantial cash, short-term investments, and controlled financing activities.
Reduction in cash burn from operations from large negative in early 2024 to smaller negative in late 2024 and early 2025.
Operating losses persist but with EBITDA-negative driven mainly by high marketing and R&D spending to fuel future growth.
Increasing investment in R&D and marketing shows commitment to innovation and market expansion but pressures profitability.
Continued net losses each quarter with no clear inflection to profitability yet, suggesting longer runway to break-even.
Operating expenses growing faster than gross profit, creating ongoing pressure on earnings despite revenue gains.
Cash flow from operating activities remains negative recently, indicating the company is still burning cash from its core business.
Equity base remains solid, but shrinking retained earnings deficit signals accumulated losses impacting shareholder value.
Share count increased modestly over time, diluting EPS with negative earnings per share persisting around -$0.6 in recent quarters.

In conclusion, C3.ai demonstrates promising revenue growth and has maintained a strong liquidity position supported by investments and financing. However, sustained operating losses and high expenses in sales, marketing, and R&D continue to weigh on earnings and cash flows. Investors should watch for signs of improving profitability and operating cash flow as key indicators of the company’s path to long-term financial health.

10/16/25 07:21 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About C3.ai's Financials

When does C3.ai's financial year end?

According to the most recent income statement we have on file, C3.ai's fiscal year ends in April. Their fiscal year 2024 ended on April 30, 2024.

How has C3.ai's net income changed over the last 5 years?

C3.ai's net income appears to be on an upward trend, with a most recent value of -$279.70 million in 2024, rising from -$33.35 million in 2019. The previous period was -$268.84 million in 2023. Find out what analysts predict for C3.ai in the coming months.

What is C3.ai's operating income?

C3.ai's total operating income in 2024 was -$318.34 million, based on the following breakdown:

Total Gross Profit: $178.56 million
Total Operating Expenses: $496.90 million

How has C3.ai's revenue changed over the last 5 years?

Over the last 5 years, C3.ai's total revenue changed from $91.61 million in 2019 to $310.58 million in 2024, a change of 239.0%.

How much debt does C3.ai have?

C3.ai's total liabilities were at $164.87 million at the end of 2024, a 4.9% decrease from 2023, and a 75.8% increase since 2020.

How much cash does C3.ai have?

In the past 4 years, C3.ai's cash and equivalents has ranged from $33.10 million in 2020 to $339.53 million in 2022, and is currently $167.15 million as of their latest financial filing in 2024.

How has C3.ai's book value per share changed over the last 5 years?

Over the last 5 years, C3.ai's book value per share changed from 0.00 in 2019 to 7.16 in 2024, a change of 715.6%.

Related Companies

This page (NYSE:AI) was last updated on 10/16/2025 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

C3.ai (AI) Financials

Financials Breakdown Chart

Key Financial Trends

Frequently Asked Questions About C3.ai's Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

C3.ai (AI) Financials

Annual Income Statements for C3.ai

Quarterly Income Statements for C3.ai

Annual Cash Flow Statements for C3.ai

Quarterly Cash Flow Statements for C3.ai

Annual Balance Sheets for C3.ai

Quarterly Balance Sheets for C3.ai

Annual Metrics And Ratios for C3.ai

Quarterly Metrics And Ratios for C3.ai

Financials Breakdown Chart

Key Financial Trends

Frequently Asked Questions About C3.ai's Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools