C3.ai (AI) Financials

$8.64 -0.39 (-4.26%)

Closing price 05/15/2026 03:59 PM Eastern

Extended Trading

$8.66 +0.02 (+0.21%)

As of 05/15/2026 07:59 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	2025
Period end date	4/30/2019	4/30/2020	4/30/2021	4/30/2022	4/30/2023	4/30/2024	4/30/2025
Net Income / (Loss) Attributable to Common Shareholders	-33	-69	-56	-192	-269	-280	-289
Consolidated Net Income / (Loss)	-33	-69	-56	-192	-269	-280	-289
Net Income / (Loss) Continuing Operations	-33	-69	-56	-192	-269	-280	-289
Total Pre-Tax Income	-33	-69	-55	-191	-268	-279	-288
Total Operating Income	-36	-71	-60	-196	-290	-318	-324
Total Gross Profit	61	118	139	189	180	179	236
Total Revenue	92	157	183	253	267	311	389
Operating Revenue	92	157	183	253	267	311	389
Total Cost of Revenue	30	39	45	64	86	132	153
Operating Cost of Revenue	30	39	45	64	86	132	153
Total Operating Expenses	97	189	199	385	471	497	560
Selling, General & Admin Expense	22	30	33	61	77	81	94
Marketing Expense	38	95	97	174	183	214	240
Research & Development Expense	37	65	69	151	211	201	226
Total Other Income / (Expense), net	2.96	2.50	5.27	4.85	22	39	37
Interest & Investment Income	3.51	4.25	1.26	1.83	22	40	36
Other Income / (Expense), net	-0.55	-1.75	4.01	3.02	0.35	-0.64	0.51
Income Tax Expense	0.27	0.38	0.70	0.79	0.68	0.79	0.98
Basic Earnings per Share	($2.64)	($1.94)	$0.00	($1.84)	($2.45)	($2.34)	($2.24)
Weighted Average Basic Shares Outstanding	0.00	35.80M	66.85M	104.40M	109.85M	119.36M	129.09M
Diluted Earnings per Share	($2.64)	($1.94)	$0.00	($1.84)	($2.45)	($2.34)	($2.24)
Weighted Average Diluted Shares Outstanding	0.00	35.80M	66.85M	104.40M	109.85M	119.36M	129.09M
Weighted Average Basic & Diluted Shares Outstanding	25.33M	0.00	3.50M	107.15M	115.61M	124.82M	134.39M

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 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	7/31/2023	10/31/2023	1/31/2024	4/30/2024	7/31/2024	10/31/2024	1/31/2025	4/30/2025	7/31/2025	10/31/2025	1/31/2026
Net Income / (Loss) Attributable to Common Shareholders	-64	-70	-73	-73	-63	-66	-80	-80	-117	-105	-133
Consolidated Net Income / (Loss)	-64	-70	-73	-73	-63	-66	-80	-80	-117	-105	-133
Net Income / (Loss) Continuing Operations	-64	-70	-73	-73	-63	-66	-80	-80	-117	-105	-133
Total Pre-Tax Income	-64	-70	-72	-73	-63	-66	-80	-80	-116	-104	-133
Total Operating Income	-74	-79	-83	-82	-73	-75	-88	-89	-125	-112	-140
Total Gross Profit	41	41	45	52	52	58	58	68	26	30	9.24
Total Revenue	72	73	78	87	87	94	99	109	70	75	53
Operating Revenue	72	73	78	87	87	94	99	109	70	75	53
Total Cost of Revenue	32	32	33	35	35	36	40	41	44	45	44
Operating Cost of Revenue	32	32	33	35	35	36	40	41	44	45	44
Total Operating Expenses	115	121	128	134	125	133	146	156	151	142	150
Selling, General & Admin Expense	20	20	21	20	20	22	25	27	24	26	24
Marketing Expense	44	50	57	63	52	56	61	71	63	58	67
Research & Development Expense	51	50	49	51	53	56	59	58	65	58	59
Total Other Income / (Expense), net	9.88	9.84	10	9.31	10	9.57	7.72	9.37	8.35	7.68	7.22
Interest & Investment Income	10	10	10.00	9.48	10	9.56	8.68	7.95	8.22	7.54	6.70
Other Income / (Expense), net	-0.24	-0.64	0.41	-0.17	0.03	0.01	-0.96	1.43	0.13	0.14	0.52
Income Tax Expense	0.15	0.23	0.49	-0.07	0.27	0.26	0.34	0.11	0.30	0.24	0.17
Basic Earnings per Share	($0.56)	($0.59)	($0.60)	($0.59)	($0.50)	($0.52)	($0.62)	($0.60)	($0.86)	($0.75)	($0.94)
Weighted Average Basic Shares Outstanding	115.68M	118.66M	120.49M	119.36M	124.98M	127.87M	130.38M	129.09M	135.38M	138.67M	141.97M
Diluted Earnings per Share	($0.56)	($0.59)	($0.60)	($0.59)	($0.50)	($0.52)	($0.62)	($0.60)	($0.86)	($0.75)	($0.94)
Weighted Average Diluted Shares Outstanding	115.68M	118.66M	120.49M	119.36M	124.98M	127.87M	130.38M	129.09M	135.38M	138.67M	141.97M
Weighted Average Basic & Diluted Shares Outstanding	118.20M	119.87M	122.05M	124.82M	127.03M	129.07M	132.74M	134.39M	137.85M	140.75M	145.29M

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	2025
Period end date	4/30/2019	4/30/2020	4/30/2021	4/30/2022	4/30/2023	4/30/2024	4/30/2025
Net Change in Cash & Equivalents	-77	-66	83	236	-55	-118	-2.79
Net Cash From Operating Activities	-35	-61	-38	-86	-116	-62	-41
Net Cash From Continuing Operating Activities	-35	-61	-38	-86	-116	-62	-41
Net Income / (Loss) Continuing Operations	-33	-69	-56	-192	-269	-280	-289
Consolidated Net Income / (Loss)	-33	-69	-56	-192	-269	-280	-289
Depreciation Expense	0.55	1.30	4.30	5.19	6.09	13	13
Amortization Expense	-	-	-	1.77	-4.56	-17	-13
Non-Cash Adjustments To Reconcile Net Income	4.80	8.56	25	117	224	217	234
Changes in Operating Assets and Liabilities, net	-6.88	-1.76	-11	-19	-72	5.23	14
Net Cash From Investing Activities	-96	-124	-767	317	60	-67	16
Net Cash From Continuing Investing Activities	-96	-124	-767	317	60	-67	16
Purchase of Property, Plant & Equipment	-6.81	-2.88	-1.63	-4.29	-72	-28	-3.04
Purchase of Investments	-166	-220	-1,152	-796	-745	-828	-647
Sale and/or Maturity of Investments	77	99	386	1,118	877	789	666
Net Cash From Financing Activities	54	120	887	5.71	0.62	11	22
Net Cash From Continuing Financing Activities	54	120	887	5.71	0.62	11	22
Issuance of Common Equity	0.26	44	0.00	0.00	3.09	11	11
Other Financing Activities, net	2.91	4.20	9.49	21	-2.47	0.53	11
Cash Income Taxes Paid	0.13	0.66	0.55	0.94	0.58	0.98	0.92

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 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	7/31/2023	10/31/2023	1/31/2024	4/30/2024	7/31/2024	10/31/2024	1/31/2025	4/30/2025	7/31/2025	10/31/2025	1/31/2026
Net Change in Cash & Equivalents	-78	-57	-34	53	-33	-13	3.82	39	-83	22	-14
Net Cash From Operating Activities	3.94	-49	-39	21	8.04	-39	-22	11	-34	-46	-56
Net Cash From Continuing Operating Activities	3.94	-49	-39	21	8.04	-39	-22	11	-34	-46	-56
Net Income / (Loss) Continuing Operations	-64	-70	-73	-73	-63	-66	-80	-80	-117	-105	-133
Consolidated Net Income / (Loss)	-64	-70	-73	-73	-63	-66	-80	-80	-117	-105	-133
Depreciation Expense	3.06	3.16	3.25	3.25	3.12	2.97	3.12	3.39	3.42	3.40	3.40
Amortization Expense	-3.97	-4.78	-4.48	-3.98	-3.94	-3.77	-3.10	-2.74	-2.81	-2.49	-1.83
Non-Cash Adjustments To Reconcile Net Income	51	53	55	57	55	58	64	57	65	69	76
Changes in Operating Assets and Liabilities, net	18	-31	-20	38	17	-29	-6.30	33	18	-12	-0.20
Net Cash From Investing Activities	-85	-12	4.10	26	-42	23	12	23	-51	62	40
Net Cash From Continuing Investing Activities	-85	-12	4.10	26	-42	23	12	23	-51	62	40
Purchase of Property, Plant & Equipment	-13	-6.54	-6.09	-2.54	-0.92	-0.82	-0.36	-0.94	-0.76	-0.39	-0.44
Purchase of Investments	-323	-167	-168	-170	-231	-135	-153	-128	-206	-125	-112
Sale and/or Maturity of Investments	251	162	178	199	190	158	166	152	156	187	153
Net Cash From Financing Activities	2.48	3.06	0.51	5.26	0.18	3.51	13	5.06	1.29	6.67	1.16
Net Cash From Continuing Financing Activities	2.48	3.06	0.51	5.26	0.18	3.51	13	5.06	1.29	6.67	1.16
Other Financing Activities, net	2.48	-2.00	0.51	-0.45	0.18	-1.50	13	-0.81	1.29	1.69	1.16
Cash Income Taxes Paid	0.15	0.13	0.48	0.22	0.29	0.24	0.21	0.18	0.45	0.20	0.20

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	2025
Period end date	4/30/2020	4/30/2021	4/30/2022	4/30/2023	4/30/2024	4/30/2025
Total Assets	305	1,196	1,171	1,103	1,038	1,026
Total Current Assets	281	1,173	1,060	889	904	904
Cash & Equivalents	33	115	340	285	167	164
Short-Term Investments	212	978	621	446	583	578
Accounts Receivable	31	65	80	135	130	137
Prepaid Expenses	5.40	14	20	23	24	24
Plant, Property, & Equipment, net	8.72	6.13	15	85	89	79
Total Noncurrent Assets	15	17	96	130	45	42
Goodwill	0.63	0.63	0.63	0.63	0.63	0.63
Other Noncurrent Operating Assets	14	17	63	48	45	42
Total Liabilities & Shareholders' Equity	305	1,196	1,171	1,103	1,038	1,026
Total Liabilities	94	135	181	173	165	188
Total Current Liabilities	81	124	150	136	102	132
Accounts Payable	4.73	12	54	25	11	15
Accrued Expenses	9.08	18	15	17	9.53	26
Current Deferred Revenue	54	72	49	48	37	37
Current Employee Benefit Liabilities	14	22	32	47	44	54
Total Noncurrent Liabilities	13	11	31	37	63	56
Noncurrent Deferred Revenue	6.76	2.96	0.29	0.00	1.73	0.00
Other Noncurrent Operating Liabilities	6.00	7.85	31	37	61	56
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-183	1,061	989	930	873	838
Total Preferred & Common Equity	-183	1,061	989	930	873	838
Total Common Equity	-183	1,061	989	930	873	838
Common Stock	111	1,410	1,533	1,740	1,964	2,216
Retained Earnings	-294	-349	-541	-810	-1,090	-1,379
Accumulated Other Comprehensive Income / (Loss)	0.42	0.08	-2.15	-0.39	-0.56	0.52

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	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	10/31/2022	1/31/2023	7/31/2023	10/31/2023	1/31/2024	7/31/2024	10/31/2024	1/31/2025	7/31/2025	10/31/2025	1/31/2026
Total Assets	1,101	1,095	1,089	1,071	1,064	1,058	1,046	1,055	969	961	896
Total Current Assets	960	947	895	931	926	926	918	931	851	846	783
Cash & Equivalents	278	311	206	149	115	134	121	125	81	103	89
Short-Term Investments	562	461	544	613	609	629	609	599	631	572	533
Accounts Receivable	95	144	123	143	173	140	160	180	114	136	124
Prepaid Expenses	25	30	21	26	29	24	27	26	25	35	37
Plant, Property, & Equipment, net	62	75	89	93	91	86	84	82	77	74	71
Total Noncurrent Assets	79	74	106	47	47	45	44	42	41	42	42
Goodwill	0.63	0.63	0.63	0.63	0.63	0.63	0.63	0.63	0.63	0.63	0.63
Other Noncurrent Operating Assets	60	56	47	47	46	44	44	42	40	41	42
Total Liabilities & Shareholders' Equity	1,101	1,095	1,089	1,071	1,064	1,058	1,046	1,055	969	961	896
Total Liabilities	147	148	157	160	166	183	187	195	170	189	176
Total Current Liabilities	119	124	111	114	109	118	122	138	111	131	119
Accounts Payable	31	20	27	26	20	32	21	29	12	36	18
Accrued Expenses	20	25	10	10	12	13	24	28	25	14	17
Current Deferred Revenue	30	39	41	40	39	40	36	33	29	32	37
Current Employee Benefit Liabilities	38	40	32	38	38	34	42	49	45	49	46
Total Noncurrent Liabilities	29	24	46	46	57	65	65	57	59	59	57
Noncurrent Deferred Revenue	0.23	0.05	0.02	0.07	2.18	0.72	0.13	0.00	0.99	2.28	2.49
Other Noncurrent Operating Liabilities	29	24	46	46	55	64	65	57	58	56	55
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	953	947	932	911	898	875	859	860	799	772	719
Total Preferred & Common Equity	953	947	932	911	898	875	859	860	799	772	719
Total Common Equity	953	947	932	911	898	875	859	860	799	772	719
Common Stock	1,638	1,694	1,808	1,856	1,915	2,027	2,077	2,159	2,294	2,371	2,452
Retained Earnings	-682	-745	-875	-944	-1,017	-1,153	-1,219	-1,299	-1,495	-1,600	-1,733
Accumulated Other Comprehensive Income / (Loss)	-2.81	-1.04	-0.76	-0.78	0.43	0.28	0.52	0.29	-0.07	0.78	0.88

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

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	4/30/2019	4/30/2020	4/30/2021	4/30/2022	4/30/2023	4/30/2024	4/30/2025
Growth Metrics	-	-	-	-	-	-	-
Revenue Growth	0.00%	71.02%	16.95%	37.96%	5.55%	16.41%	25.27%
EBITDA Growth	0.00%	-99.64%	27.79%	-258.32%	-55.04%	-12.08%	-0.40%
EBIT Growth	0.00%	-100.20%	23.21%	-243.31%	-50.25%	-9.94%	-1.55%
NOPAT Growth	0.00%	-98.37%	15.72%	-225.47%	-48.12%	-9.59%	-1.91%
Net Income Growth	0.00%	-108.05%	19.72%	-244.85%	-39.97%	-4.04%	-3.22%
EPS Growth	0.00%	26.52%	100.00%	0.00%	-33.15%	4.49%	4.27%
Operating Cash Flow Growth	0.00%	-75.71%	38.72%	-130.24%	-33.81%	46.10%	33.60%
Free Cash Flow Firm Growth	0.00%	0.00%	-183.45%	-275.71%	-93.97%	29.32%	12.62%
Invested Capital Growth	0.00%	0.00%	6.38%	91.40%	4,333.32%	4.88%	-22.26%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	8.61%	0.03%	4.78%	6.03%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	-21.41%	-6.33%	-3.35%	-1.15%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	-22.07%	-5.08%	-3.06%	-1.59%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	-19.95%	-6.12%	-2.92%	-2.10%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	-21.80%	-2.49%	-2.93%	-2.40%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	-1.66%	-0.43%	-0.45%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	6.12%	17.67%	25.79%	-10.08%	-32.17%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	6.31%	2.17%	-8.78%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	-168.77%	-25.58%	-29.59%	-29.62%
Profitability Metrics	-	-	-	-	-	-	-
Gross Margin	66.83%	75.24%	75.70%	74.79%	67.64%	57.49%	60.62%
EBITDA Margin	-39.34%	-45.92%	-28.35%	-73.65%	-108.18%	-104.15%	-83.48%
Operating Margin	-39.35%	-45.64%	-32.89%	-77.59%	-108.88%	-102.50%	-83.39%
EBIT Margin	-39.94%	-46.75%	-30.70%	-76.40%	-108.75%	-102.70%	-83.26%
Profit (Net Income) Margin	-36.40%	-44.28%	-30.40%	-75.99%	-100.77%	-90.06%	-74.21%
Tax Burden Percent	100.80%	100.55%	101.28%	100.41%	100.25%	100.28%	100.34%
Interest Burden Percent	90.41%	94.20%	97.77%	99.05%	92.42%	87.44%	88.83%
Effective Tax Rate	0.00%	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%	-207.77%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	-347.95%	-178.23%	-199.52%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	327.19%	154.48%	174.04%
Return on Equity (ROE)	0.00%	-32.83%	-8.75%	-18.73%	-28.02%	-31.03%	-33.73%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	-275.77%	-190.27%	-182.73%
Operating Return on Assets (OROA)	0.00%	-24.01%	-7.49%	-16.31%	-25.52%	-29.79%	-31.39%
Return on Assets (ROA)	0.00%	-22.74%	-7.42%	-16.23%	-23.65%	-26.12%	-27.97%
Return on Common Equity (ROCE)	0.00%	28.39%	-6.04%	-18.73%	-28.02%	-31.03%	-33.73%
Return on Equity Simple (ROE_SIMPLE)	0.00%	37.97%	-5.25%	-19.41%	-28.92%	-32.03%	-34.44%
Net Operating Profit after Tax (NOPAT)	-25	-50	-42	-137	-203	-223	-227
NOPAT Margin	-27.54%	-31.95%	-23.02%	-54.31%	-76.22%	-71.75%	-58.37%
Net Nonoperating Expense Percent (NNEP)	0.00%	-15.73%	-2.02%	-5.25%	-7.26%	-7.28%	-8.25%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-27.09%
Cost of Revenue to Revenue	33.17%	24.76%	24.30%	25.21%	32.36%	42.51%	39.38%
SG&A Expenses to Revenue	24.08%	19.06%	18.07%	24.15%	28.92%	26.20%	24.22%
R&D to Revenue	40.74%	41.20%	37.58%	59.56%	78.96%	64.83%	58.19%
Operating Expenses to Revenue	106.17%	120.88%	108.59%	152.39%	176.52%	159.99%	144.01%
Earnings before Interest and Taxes (EBIT)	-37	-73	-56	-193	-290	-319	-324
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-36	-72	-52	-186	-289	-323	-325
Valuation Ratios	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	6.30	1.83	2.15	3.15	3.49
Price to Tangible Book Value (P/TBV)	0.00	0.00	6.31	1.83	2.15	3.15	3.49
Price to Revenue (P/Rev)	7.11	4.16	36.50	7.15	7.49	8.85	7.51
Price to Earnings (P/E)	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%
Earnings Yield	0.00%	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	22.79
Enterprise Value to Revenue (EV/Rev)	0.00	5.10	30.53	3.22	4.45	6.44	5.60
Enterprise Value to EBITDA (EV/EBITDA)	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
Enterprise Value to NOPAT (EV/NOPAT)	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
Enterprise Value to Free Cash Flow (EV/FCFF)	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
Long-Term Debt to Equity	0.00	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	-0.87
Leverage Ratio	0.00	1.44	1.18	1.15	1.18	1.19	1.21
Compound Leverage Factor	0.00	1.36	1.15	1.14	1.10	1.04	1.07
Debt to Total Capital	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%
Long-Term Debt to Total Capital	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%
Noncontrolling Interests to Total Capital	0.00%	186.46%	0.00%	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%	100.00%
Debt to EBITDA	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
Long-Term Debt to EBITDA	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
Net Debt to NOPAT	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
Altman Z-Score	0.00	3.33	30.30	5.93	6.08	8.75	7.70
Noncontrolling Interest Sharing Ratio	0.00%	186.46%	30.96%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-
Current Ratio	0.00	3.47	9.42	7.06	6.53	8.84	6.86
Quick Ratio	0.00	3.40	9.31	6.93	6.36	8.60	6.67
Cash Flow Metrics	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-16	-44	-167	-323	-229	-200
Operating Cash Flow to CapEx	-512.05%	-2,128.55%	-2,306.70%	-2,014.96%	-161.76%	-222.67%	-1,362.52%
Free Cash Flow to Firm to Interest Expense	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
Operating Cash Flow Less CapEx to Interest Expense	0.00	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	0.38
Accounts Receivable Turnover	0.00	5.08	3.81	3.47	2.48	2.35	2.91
Inventory Turnover	0.00	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	4.63
Accounts Payable Turnover	0.00	8.21	5.30	1.92	2.19	7.35	11.57
Days Sales Outstanding (DSO)	0.00	71.82	95.91	105.22	146.97	155.51	125.38
Days Inventory Outstanding (DIO)	0.00	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	31.54
Cash Conversion Cycle (CCC)	0.00	27.35	27.04	-84.67	-19.66	105.85	93.84
Capital & Investment Metrics	-	-	-	-	-	-	-
Invested Capital	0.00	-34	-32	-2.77	117	123	96
Invested Capital Turnover	0.00	-9.11	-5.50	-14.46	4.66	2.59	3.56
Increase / (Decrease) in Invested Capital	0.00	-34	2.19	29	120	5.72	-27
Enterprise Value (EV)	0.00	799	5,594	815	1,187	1,999	2,179
Market Capitalization	651	651	6,688	1,807	2,000	2,750	2,922
Book Value per Share	$0.00	($5.10)	$10.51	$9.30	$8.29	$7.16	$6.32
Tangible Book Value per Share	$0.00	($5.12)	$10.51	$9.30	$8.28	$7.15	$6.31
Total Capital	0.00	211	1,061	989	930	873	838
Total Debt	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
Net Debt	0.00	-246	-1,093	-992	-812	-750	-743
Capital Expenditures (CapEx)	6.81	2.88	1.63	4.29	72	28	3.04
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-45	-45	-50	22	52	30
Debt-free Net Working Capital (DFNWC)	0.00	200	1,049	910	753	802	772
Net Working Capital (NWC)	0.00	200	1,049	910	753	802	772
Net Nonoperating Expense (NNE)	8.12	19	14	55	65	57	62
Net Nonoperating Obligations (NNO)	0.00	-246	-1,093	-992	-812	-750	-743
Total Depreciation and Amortization (D&A)	0.55	1.30	4.30	6.96	1.53	-4.50	-0.85
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-28.60%	-24.41%	-19.74%	8.19%	16.64%	7.63%
Debt-free Net Working Capital to Revenue	0.00%	127.77%	572.36%	360.13%	282.18%	258.24%	198.52%
Net Working Capital to Revenue	0.00%	127.77%	572.36%	360.13%	282.18%	258.24%	198.52%
Earnings Adjustments	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	($1.80)	($1.84)	($4.90)	($2.34)	($2.24)
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	103.42M	104.40M	109.85M	119.36M	129.09M
Adjusted Diluted Earnings per Share	$0.00	$0.00	($1.80)	($1.84)	($4.90)	($2.34)	($2.24)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	103.42M	104.40M	109.85M	119.36M	129.09M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	($1.80)	$0.00	$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	134.39M
Normalized Net Operating Profit after Tax (NOPAT)	-25	-50	-42	-137	-203	-223	-227
Normalized NOPAT Margin	-27.54%	-31.95%	-23.02%	-54.31%	-76.22%	-71.75%	-58.37%
Pre Tax Income Margin	-36.11%	-44.04%	-30.01%	-75.68%	-100.51%	-89.80%	-73.95%
Debt Service Ratios	-	-	-	-	-	-	-
EBIT to Interest Expense	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
EBIT Less CapEx to Interest Expense	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
Payout Ratios	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	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%	0.00%

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

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	7/31/2023	10/31/2023	1/31/2024	4/30/2024	7/31/2024	10/31/2024	1/31/2025	4/30/2025	7/31/2025	10/31/2025	1/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	140,753,281.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	140,753,281.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-0.95
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Net Operating Profit after Tax (NOPAT)	-52	-56	-58	-58	-51	-53	-61	-62	-87	-78	-98
Return On Investment Capital (ROIC_SIMPLE)	-	-	-6.43%	-	-	-	-7.13%	-7.43%	-10.94%	-10.17%	-13.66%
Earnings before Interest and Taxes (EBIT)	-74	-80	-82	-82	-73	-75	-89	-88	-125	-112	-140
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-75	-82	-83	-83	-73	-76	-89	-87	-124	-111	-138
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-134	-110	-75	-63	-40	-32	-22	-35	-62	-47	-60
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	123	149	175	123	112	129	136	96	87	97	98
Increase / (Decrease) in Invested Capital	82	55	17	5.72	-10	-20	-39	-27	-25	-32	-38
Book Value per Share	$8.07	$7.71	$7.49	$7.16	$7.01	$6.76	$6.66	$6.32	$5.94	$5.60	$5.11
Tangible Book Value per Share	$8.06	$7.70	$7.49	$7.15	$7.00	$6.76	$6.66	$6.31	$5.94	$5.59	$5.11
Total Capital	932	911	898	873	875	859	860	838	799	772	719
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	-810	-762	-723	-750	-763	-730	-724	-743	-712	-675	-622
Capital Expenditures (CapEx)	13	6.54	6.09	2.54	0.92	0.82	0.36	0.94	0.76	0.39	0.44
Debt-free, Cash-free Net Working Capital (DFCFNWC)	33	55	94	52	46	65	69	30	28	40	42
Debt-free Net Working Capital (DFNWC)	784	817	817	802	808	796	793	772	740	715	664
Net Working Capital (NWC)	784	817	817	802	808	796	793	772	740	715	664
Net Nonoperating Expense (NNE)	12	14	15	15	12	13	19	17	29	26	35
Net Nonoperating Obligations (NNO)	-810	-762	-723	-750	-763	-730	-724	-743	-712	-675	-622
Total Depreciation and Amortization (D&A)	-0.92	-1.62	-1.23	-0.73	-0.73	-0.79	0.03	0.65	0.60	0.91	1.57
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.56)	($0.59)	($0.60)	($0.59)	($0.50)	($0.52)	($0.62)	($0.60)	($0.86)	($0.75)	($0.94)
Adjusted Weighted Average Basic Shares Outstanding	115.68M	118.66M	120.49M	119.36M	124.98M	127.87M	130.38M	129.09M	135.38M	138.67M	141.97M
Adjusted Diluted Earnings per Share	($0.56)	($0.59)	($0.60)	($0.59)	($0.50)	($0.52)	($0.62)	($0.60)	($0.86)	($0.75)	($0.94)
Adjusted Weighted Average Diluted Shares Outstanding	115.68M	118.66M	120.49M	119.36M	124.98M	127.87M	130.38M	129.09M	135.38M	138.67M	141.97M
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	118.20M	119.87M	122.05M	124.82M	127.03M	129.07M	132.74M	134.39M	137.85M	140.75M	145.29M
Normalized Net Operating Profit after Tax (NOPAT)	-52	-56	-58	-58	-51	-53	-61	-62	-87	-78	-98
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-

Financials Breakdown Chart

Key Financial Trends

Here are the key takeaways from C3.ai (NYSE: AI) based on the latest four years of quarterly cash flow, income statement, and balance sheet data. Positive items come first, followed by neutral, then negative items.

Liquidity cushion: C3.ai shows a strong balance sheet liquidity, with cash and equivalents plus short-term investments well in excess of current liabilities as of the latest quarter, providing a buffer for near-term obligations and potential growth investments.
Cash generation from investing activities: In the latest quarter, net cash from continuing investing activities was positive, aided by the sale/maturity of investments, which helped support overall cash flow despite operating losses.
Financing access: Net cash from financing activities has been a modest positive in recent periods, indicating ongoing access to external funding options if needed to support operations or growth initiatives.
Equity base remains meaningful: Total equity is sizable relative to liabilities, offering a cushion to absorb losses and fund ongoing operations, even as retained earnings run negatively over the long term.
Revenue trend shows growth over the multi-year horizon, with notable upticks in some periods, though quarterly results remain uneven and seasonality can cause fluctuations.
Non-cash adjustments are large in several quarters, which can heavily influence reported net income and cash flow from operations, making cash-based performance less straightforward to read.
Persistent net losses: Net income, including continuing operations, remains negative across multiple quarters and years, signaling ongoing profitability challenges.
Operating cash flow deterioration: Operating cash flow from continuing operations has been negative in most recent quarters, indicating cash burn from core operations before investing/financing activities.
Accumulated deficits in retained earnings: Retained earnings are deeply negative, pointing to a long history of losses that reduce equity and may necessitate continued external funding or strategic pivots.

05/16/26 04:06 AM ETAI Generated. May Contain Errors.

C3.ai Financials - Frequently Asked Questions

According to the most recent income statement we have on file, C3.ai's financial year ends in April. Their financial year 2025 ended on April 30, 2025.

C3.ai's net income appears to be on an upward trend, with a most recent value of -$288.70 million in 2025, rising from -$33.35 million in 2019. The previous period was -$279.70 million in 2024. Find out what analysts predict for C3.ai in the coming months.

C3.ai's total operating income in 2025 was -$324.42 million, based on the following breakdown:

Total Gross Profit: $235.86 million
Total Operating Expenses: $560.29 million

Over the last 6 years, C3.ai's total revenue changed from $91.61 million in 2019 to $389.06 million in 2025, a change of 324.7%.

C3.ai's total liabilities were at $187.58 million at the end of 2025, a 13.8% increase from 2024, and a 100.0% increase since 2020.

In the past 5 years, C3.ai's cash and equivalents has ranged from $33.10 million in 2020 to $339.53 million in 2022, and is currently $164.36 million as of their latest financial filing in 2025.

Over the last 6 years, C3.ai's book value per share changed from 0.00 in 2019 to 6.32 in 2025, a change of 631.5%.

Related Companies

Financial statements for NYSE:AI last updated on 3/14/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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C3.ai (AI) Financials

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C3.ai (AI) Financials

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