C3.ai, Inc. AI
C3 AI is the Enterprise AI application software company. C3 AI delivers a family of fully integrated products including the C3 Agentic AI Platform, an end-to-end platform for developing, deploying, and operating Enterprise AI applications; C3 AI Applications, a portfolio of industry-specific Enterprise AI applications that enable the digital transformation of organizations globally; and C3 Generative AI, a library of agentic AI applications to retrieve data, analyze information, surface insights, and orchestrate workflows to drive business value.
The C3 Agentic AI Platform and C3 AI Applications — built with our patented model-driven architecture — enable organizations to simplify and accelerate Enterprise AI application development, deployment, and administration. Our C3 AI software platform also enables developers to rapidly build applications without having to write complex, lengthy, structured programming code to define, control, and integrate the many requisite data and microservices components to work together; we significantly reduce the effort and complexity of the Enterprise AI software engineering problem.
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- North America
- Europe, the Middle East and Africa
- Other
| Region | FY2025 | FY2024 |
|---|---|---|
| North America | $225.8M | $346.2M |
| Europe, the Middle East and Africa | $22.0M | $40.7M |
| Other | $2.4M | $2.1M |
As the company reported it, from the “Revenue - Disaggregated Revenue by Geographic Region (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $250.3M | $389.1M | $310.6M | $266.8M | $252.8M | $183.2M | $156.7M | $91.6M | — |
| Cost of revenue | $172.9M | $153.2M | $132.0M | $86.3M | $63.7M | $44.5M | $38.8M | $30.4M | — |
| Gross profit | $77.4M | $235.9M | $178.6M | $180.5M | $189.0M | $138.7M | $117.9M | $61.2M | — |
| R&D | $229.1M | $226.4M | $201.4M | $210.7M | $150.5M | $68.9M | $64.5M | $37.3M | — |
| SG&A | $98.6M | $94.2M | $81.4M | $77.2M | $61.0M | $33.1M | $29.9M | $22.1M | — |
| Total operating expenses | $575.9M | $560.3M | $496.9M | $471.0M | $385.2M | $199.0M | $189.4M | $97.3M | — |
| Operating income | -$498.5M | -$324.4M | -$318.3M | -$290.5M | -$196.1M | -$60.3M | -$71.5M | -$36.0M | — |
| Pre-tax income | -$469.5M | -$287.7M | -$278.9M | -$268.2M | -$191.3M | -$55.0M | -$69.0M | -$33.1M | — |
| Income tax | $822.0K | $976.0K | $792.0K | $675.0K | $789.0K | $704.0K | $380.0K | $266.0K | — |
| Net income | -$470.4M | -$288.7M | -$279.7M | -$268.8M | -$192.1M | -$55.7M | -$69.4M | -$33.3M | — |
| EPS, basic | -3.35 | -2.24 | -2.34 | -2.45 | -1.84 | — | — | — | — |
| EPS, diluted | -3.35 | -2.24 | -2.34 | -2.45 | -1.84 | — | — | — | — |
| Shares, diluted (wtd. avg.) | 140.5M | 129.1M | 119.4M | 109.9M | 104.4M | — | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $66.2M | $164.4M | $167.1M | $297.4M | $352.5M | $116.3M | $33.6M | $99.1M | $175.7M |
| Short-term investments | $509.3M | $578.3M | $583.2M | $446.2M | $620.6M | $978.0M | $211.9M | — | — |
| Receivables | $100.5M | $137.2M | $130.1M | $134.6M | $80.3M | $65.5M | $30.8M | — | — |
| Total current assets | $708.0M | $904.3M | $904.4M | $888.9M | $1.06B | $1.17B | $281.2M | — | — |
| Property, plant and equipment | $66.9M | $79.3M | $88.6M | $84.6M | $14.5M | $6.1M | $8.7M | — | — |
| Goodwill | $625.0K | $625.0K | $625.0K | $625.0K | $625.0K | $625.0K | $625.0K | — | — |
| Total assets | $816.3M | $1.03B | $1.04B | $1.10B | $1.17B | $1.20B | $305.1M | — | — |
| Accounts payable | $5.5M | $15.2M | $11.3M | $24.6M | $54.2M | $12.1M | $4.7M | — | — |
| Total current liabilities | $106.6M | $131.9M | $102.3M | $136.0M | $150.2M | $124.5M | $81.0M | — | — |
| Total liabilities | $162.5M | $187.6M | $164.9M | $173.4M | $181.4M | $135.3M | $93.8M | — | — |
| Retained earnings | -$1.85B | -$1.38B | -$1.09B | -$810.2M | -$541.4M | -$349.3M | -$293.6M | — | — |
| Total equity | $653.8M | $838.3M | $873.4M | $929.7M | $989.5M | $1.06B | -$182.7M | -$165.4M | -$139.8M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$190.2M | -$41.4M | -$62.4M | -$115.7M | -$86.5M | -$37.6M | -$61.3M | -$34.9M | — |
| Depreciation and amortisation | $13.6M | $12.6M | $12.7M | $6.1M | $5.2M | $4.3M | $1.3M | $550.0K | — |
| Stock-based compensation | $263.7M | $231.0M | $215.8M | $216.5M | $113.4M | $21.7M | $8.3M | $4.3M | — |
| Capital expenditure | $1.9M | $3.0M | $25.3M | $70.5M | $3.8M | $1.6M | $2.3M | $6.8M | — |
| Investing cash flow | $75.1M | $16.4M | -$66.6M | $59.9M | $317.0M | -$767.2M | -$124.1M | -$96.2M | — |
| Financing cash flow | $17.0M | $22.2M | $11.3M | $621.0K | $5.7M | $887.4M | $119.9M | $54.5M | — |
| Buybacks | — | — | $0 | $0 | $15.0M | $0 | $0 | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001577526-26-000110.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $91.6M | $156.7M | $183.2M | $252.8M | $266.8M | $310.6M | $389.1M | $250.3M |
| Gross profit | — | $61.2M | $117.9M | $138.7M | $189.0M | $180.5M | $178.6M | $235.9M | $77.4M |
| Net income | — | -$33.3M | -$69.4M | -$55.7M | -$192.1M | -$268.8M | -$279.7M | -$288.7M | -$470.4M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Officer or director change Item 5.02
- Results announced Item 2.02
- Results announced Item 2.02
- Officer or director change Item 5.02
- Other event Item 8.01
- Results announced Item 2.02
- Restructuring or exit costs A restructuring: layoffs, a plant closure, a business being wound down. Item 2.05
- Results announced Item 2.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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