PerpEquities

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C3.ai, Inc. (AI) perpetual futures

AI perpetual futures on 1 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade AIUSDT.

C3.ai, Inc. provides enterprise AI software, including the C3 AI Application Platform and industry-specific applications for sectors like oil & gas, manufacturing, and financial services, serving global clients.

$10.46-4.0%NYSE closed
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venue perp mark · Helix (Injective) (AI/USDC)
Auto: highest-volume live perp venueOpen in TradingView

Trading data

Perpetual market activity

1/1 live markets
Venues
1
Live markets
1/1
24h volume
$1.8K
Open interest
-Coverage: 0/1 markets
Best liquidity
-
Tightest spread
-
Highest volume
$1.8K
Helix (Injective)
Settlement mix
USDC · 1/1
Perp/spot vol.
0.00x
Spot volume $72.8M
OI / float
-
Float $1.4B
Spot performance
1D-4.04%
5D-0.85%
1M+6.09%
6M+13.82%
YTD-22.40%
1Y-33.55%

Venue matrix

1 markets

Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.

Trade
Helix (Injective)TradeAI/USDCTrading$10.46+3.6% APR
+0.00042% every 1h
--$1.8K-USDC6x

Tradability

Execution quality

No sufficient depth · 0 of 1 venues absorb $10k

No fresh book data: Helix (Injective)

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Best liquidity

-
No live data-

Tightest spread

-
No live data-

Highest volume

AI

Funding history

Stored venue snapshots by market

Company data

Company fundamentals

Updated 4h ago
Market cap
$1.6B
Updated 4h ago
Revenue
$232.4M
Trailing 12 months
Revenue growth
-11%
Next fiscal year
Profit margin
-192.1%
P/E
-3.4
Peer P/E -5.8
Free cash flow
-$154.3M
Trailing 12 months
More metrics
Net income
-$446.4M
Trailing 12 months
P/S
6.8
Peer P/E
-5.8
Similar listed perps
Revenue estimate
$221.8M
Next fiscal year
Earnings
2026-12-02
Revenue est. $54.2M · Updated 4h ago
Dividend
$0.225
2019-12-30

Fundamental detail

Annual + quarterly
Latest revenue$250.3M
Net margin-187.9%
Free cash flow-$190.7M
Net debt-$60.6M
2021$183.2M
2022$252.8M
2023$266.8M
2024$310.6M
2025$389.1M
2026$250.3M
PeriodRevenueGrowthNet incomeFCF
2021$183.2M+17%-$55.7M-$39.2M
2022$252.8M+38%-$192.1M-$90.8M
2023$266.8M+6%-$268.8M-$187.2M
2024$310.6M+16%-$279.7M-$90.4M
2025$389.1M+25%-$288.7M-$44.4M
2026$250.3M-36%-$470.4M-$190.7M
PeriodGross marginOperating marginNet marginROEROA
2021+75.7%-32.9%-30.4%-5.2%-4.7%
2022+74.8%-77.6%-76.0%-19.4%-16.4%
2023+67.6%-108.9%-100.8%-28.9%-24.4%
2024+57.5%-102.5%-90.1%-32.0%-26.9%
2025+60.6%-83.4%-74.2%-34.4%-28.1%
2026+30.9%-194.9%-187.9%-71.9%-57.6%
PeriodCashDebtNet debtCurrent ratio
2021$115.4M$3.9M-$111.5M9.42
2022$339.5M$3.6M-$335.9M7.06
2023$284.8M$2.3M-$282.5M6.53
2024$167.1M$3.2M-$163.9M8.84
2025$164.4M$4.8M-$159.6M6.86
2026$66.2M$5.6M-$60.6M6.64
PeriodMarket capEnterprise valueP/SP/E
2021$3.8B$3.6B20.5-73.6
2022$1.8B$1.4B7.0-9.2
2023$2B$1.8B7.7-7.6
2024$2.7B$2.5B8.7-9.6
2025$2.8B$2.7B7.3-9.8
2026$1.2B$1.2B5.0-2.6
Q2 2025$94.3M
Q3 2025$98.8M
Q4 2025$108.7M
Q1 2026$70.3M
Q2 2026$75.1M
Q3 2026$53.3M
Q4 2026$51.6M
Q1 2027$52.4M
PeriodRevenueGrowthNet incomeFCF
Q2 2025$94.3M+29%-$66M-$39.5M
Q3 2025$98.8M+26%-$80.2M-$22.4M
Q4 2025$108.7M+26%-$79.7M$10.3M
Q1 2026$70.3M-19%-$116.8M-$34.3M
Q2 2026$75.1M-20%-$104.7M-$46.9M
Q3 2026$53.3M-46%-$133.4M-$56.2M
Q4 2026$51.6M-53%-$115.6M-$53.3M
Q1 2027$52.4M-25%-$92.8M$2.1M
PeriodGross marginOperating marginNet marginROEROA
Q2 2025+61.3%-79.8%-69.9%-7.7%-6.3%
Q3 2025+59.1%-88.7%-81.2%-9.3%-7.6%
Q4 2025+62.1%-81.8%-73.3%-9.5%-7.8%
Q1 2026+37.6%-177.7%-166.2%-14.6%-12.1%
Q2 2026+40.4%-149.2%-139.3%-13.6%-10.9%
Q3 2026+17.3%-263.6%-250.4%-18.5%-14.9%
Q4 2026+21.9%-213.8%-224.0%-17.7%-14.2%
Q1 2027+31.8%-187.6%-177.2%-13.4%-10.6%
PeriodCashDebtNet debtCurrent ratio
Q2 2025$121.3M$4.2M-$117M7.52
Q3 2025$125.1M$4.5M-$120.6M6.74
Q4 2025$164.4M$4.8M-$159.6M6.86
Q1 2026$80.9M$4.9M-$76M7.65
Q2 2026$103.2M$5.2M-$98M6.47
Q3 2026$88.8M$5.4M-$83.5M6.58
Q4 2026$66.2M$5.6M-$60.6M6.64
Q1 2027$136.4M$0-$136.4M6.16
PeriodMarket capEnterprise valueP/SP/E
Q2 2025$3.1B$3B33.4-11.8
Q3 2025$4.1B$4B41.4-12.6
Q4 2025$2.9B$2.8B27.0-9.2
Q1 2026$3.2B$3.1B45.4-6.8
Q2 2026$2.4B$2.3B32.4-5.9
Q3 2026$1.5B$1.4B28.7-2.9
Q4 2026$1.3B$1.2B25.0-2.8
Q1 2027$1.4B$1.3B27.2-3.8
Historical value series
Revenue
Q2 2024: $73.2MQ3 2024: $78.4MQ4 2024: $86.6MQ1 2025: $87.2MQ2 2025: $94.3MQ3 2025: $98.8MQ4 2025: $108.7MQ1 2026: $70.3MQ2 2026: $75.1MQ3 2026: $53.3MQ4 2026: $51.6MQ1 2027: $52.4MQ2 2024Q1 2027
Net income
Q2 2024: -$69.8MQ3 2024: -$72.6MQ4 2024: -$72.9MQ1 2025: -$62.8MQ2 2025: -$66MQ3 2025: -$80.2MQ4 2025: -$79.7MQ1 2026: -$116.8MQ2 2026: -$104.7MQ3 2026: -$133.4MQ4 2026: -$115.6MQ1 2027: -$92.8MQ2 2024Q1 2027
EBITDA
Q2 2024: -$66.4MQ3 2024: -$68.9MQ4 2024: -$69.7MQ1 2025: -$59.4MQ2 2025: -$62.7MQ3 2025: -$76.7MQ4 2025: -$76.2MQ1 2026: -$113.1MQ2 2026: -$101MQ3 2026: -$129.8MQ4 2026: -$115.5MQ1 2027: -$89.2MQ2 2024Q1 2027
Free cash flow
Q2 2024: -$55.1MQ3 2024: -$45.1MQ4 2024: $18.8MQ1 2025: $7.1MQ2 2025: -$39.5MQ3 2025: -$22.4MQ4 2025: $10.3MQ1 2026: -$34.3MQ2 2026: -$46.9MQ3 2026: -$56.2MQ4 2026: -$53.3MQ1 2027: $2.1MQ2 2024Q1 2027
EPS
Q2 2024: -$0.59Q3 2024: -$0.6Q4 2024: -$0.59Q1 2025: -$0.5Q2 2025: -$0.52Q3 2025: -$0.62Q4 2025: -$0.6Q1 2026: -$0.86Q2 2026: -$0.75Q3 2026: -$0.95Q4 2026: -$0.79Q1 2027: -$0.6Q2 2024Q1 2027
Cash / Debt
Q2 2024 · Cash: $149MQ2 2024 · Debt: $2.6MQ3 2024 · Cash: $114.6MQ3 2024 · Debt: $2.9MQ4 2024 · Cash: $167.1MQ4 2024 · Debt: $3.2MQ1 2025 · Cash: $133.8MQ1 2025 · Debt: $5.1MQ2 2025 · Cash: $121.3MQ2 2025 · Debt: $4.2MQ3 2025 · Cash: $125.1MQ3 2025 · Debt: $4.5MQ4 2025 · Cash: $164.4MQ4 2025 · Debt: $4.8MQ1 2026 · Cash: $80.9MQ1 2026 · Debt: $4.9MQ2 2026 · Cash: $103.2MQ2 2026 · Debt: $5.2MQ3 2026 · Cash: $88.8MQ3 2026 · Debt: $5.4MQ4 2026 · Cash: $66.2MQ4 2026 · Debt: $5.6MQ1 2027 · Cash: $136.4MQ1 2027 · Debt: $0Q2 2024Q1 2027
CashDebt
Profitability
Q2 2024 · Gross margin: +56.1%Q3 2024 · Gross margin: +57.8%Q4 2024 · Gross margin: +59.6%Q1 2025 · Gross margin: +59.8%Q2 2025 · Gross margin: +61.3%Q3 2025 · Gross margin: +59.1%Q4 2025 · Gross margin: +62.1%Q1 2026 · Gross margin: +37.6%Q2 2026 · Gross margin: +40.4%Q3 2026 · Gross margin: +17.3%Q4 2026 · Gross margin: +21.9%Q1 2027 · Gross margin: +31.8%Q2 2024 · Operating margin: -108.4%Q3 2024 · Operating margin: -105.3%Q4 2024 · Operating margin: -95.1%Q1 2025 · Operating margin: -83.2%Q2 2025 · Operating margin: -79.8%Q3 2025 · Operating margin: -88.7%Q4 2025 · Operating margin: -81.8%Q1 2026 · Operating margin: -177.7%Q2 2026 · Operating margin: -149.2%Q3 2026 · Operating margin: -263.6%Q4 2026 · Operating margin: -213.8%Q1 2027 · Operating margin: -187.6%Q2 2024 · Net margin: -95.3%Q3 2024 · Net margin: -92.6%Q4 2024 · Net margin: -84.2%Q1 2025 · Net margin: -72.0%Q2 2025 · Net margin: -69.9%Q3 2025 · Net margin: -81.2%Q4 2025 · Net margin: -73.3%Q1 2026 · Net margin: -166.2%Q2 2026 · Net margin: -139.3%Q3 2026 · Net margin: -250.4%Q4 2026 · Net margin: -224.0%Q1 2027 · Net margin: -177.2%Q2 2024Q1 2027
Gross marginOperating marginNet margin
Revenue growth
Q1 2025: +20.5%Q2 2025: +28.8%Q3 2025: +26.0%Q4 2025: +25.6%Q1 2026: -19.4%Q2 2026: -20.3%Q3 2026: -46.1%Q4 2026: -52.5%Q1 2027: -25.5%Q2 2024Q1 2027
Shares outstanding
Q2 2024: 118.7MQ3 2024: 120.5MQ4 2024: 122.7MQ1 2025: 125MQ2 2025: 127.9MQ3 2025: 130.4MQ4 2025: 133.2MQ1 2026: 135.4MQ2 2026: 138.7MQ3 2026: 138.7MQ4 2026: 146.2MQ1 2027: 155MQ2 2024Q1 2027
Valuation
Q2 2024 · P/E: -10.3Q3 2024 · P/E: -10.3Q4 2024 · P/E: -9.5Q1 2025 · P/E: -13.4Q2 2025 · P/E: -11.8Q3 2025 · P/E: -12.6Q4 2025 · P/E: -9.2Q1 2026 · P/E: -6.8Q2 2026 · P/E: -5.9Q3 2026 · P/E: -2.9Q4 2026 · P/E: -2.8Q1 2027 · P/E: -3.8Q2 2024 · P/S: 39.5Q3 2024 · P/S: 38.1Q4 2024 · P/S: 31.9Q1 2025 · P/S: 38.3Q2 2025 · P/S: 33.4Q3 2025 · P/S: 41.4Q4 2025 · P/S: 27.0Q1 2026 · P/S: 45.4Q2 2026 · P/S: 32.4Q3 2026 · P/S: 28.7Q4 2026 · P/S: 25.0Q1 2027 · P/S: 27.2Q2 2024Q1 2027
P/EP/S
Revenue
2019: $91.6M2020: $156.7M2021: $183.2M2022: $252.8M2023: $266.8M2024: $310.6M2025: $389.1M2026: $250.3M20192026
Net income
2019: -$33.3M2020: -$69.4M2021: -$55.7M2022: -$192.1M2023: -$268.8M2024: -$279.7M2025: -$288.7M2026: -$470.4M20192026
EBITDA
2019: -$35.5M2020: -$70.2M2021: -$56M2022: -$186.1M2023: -$262.1M2024: -$266.2M2025: -$275.1M2026: -$456M20192026
Free cash flow
2019: -$41.7M2020: -$64.2M2021: -$39.2M2022: -$90.8M2023: -$187.2M2024: -$90.4M2025: -$44.4M2026: -$190.7M20192026
EPS
2019: -$0.452020: -$0.732021: -$0.92022: -$1.842023: -$2.452024: -$2.342025: -$2.242026: -$3.3520192026
Cash / Debt
2019 · Cash: $98.6M2019 · Debt: $02020 · Cash: $33.1M2020 · Debt: $02021 · Cash: $115.4M2021 · Debt: $3.9M2022 · Cash: $339.5M2022 · Debt: $3.6M2023 · Cash: $284.8M2023 · Debt: $2.3M2024 · Cash: $167.1M2024 · Debt: $3.2M2025 · Cash: $164.4M2025 · Debt: $4.8M2026 · Cash: $66.2M2026 · Debt: $5.6M20192026
CashDebt
Profitability
2019 · Gross margin: +66.8%2020 · Gross margin: +75.2%2021 · Gross margin: +75.7%2022 · Gross margin: +74.8%2023 · Gross margin: +67.6%2024 · Gross margin: +57.5%2025 · Gross margin: +60.6%2026 · Gross margin: +30.9%2019 · Operating margin: -39.3%2020 · Operating margin: -45.6%2021 · Operating margin: -32.9%2022 · Operating margin: -77.6%2023 · Operating margin: -108.9%2024 · Operating margin: -102.5%2025 · Operating margin: -83.4%2026 · Operating margin: -194.9%2019 · Net margin: -36.4%2020 · Net margin: -44.3%2021 · Net margin: -30.4%2022 · Net margin: -76.0%2023 · Net margin: -100.8%2024 · Net margin: -90.1%2025 · Net margin: -74.2%2026 · Net margin: -187.9%20192026
Gross marginOperating marginNet margin
Revenue growth
2020: +71.0%2021: +16.9%2022: +38.0%2023: +5.6%2024: +16.4%2025: +25.3%2026: -35.7%20192026
Shares outstanding
2019: 73.6M2020: 95.2M2021: 56.7M2022: 104.4M2023: 109.9M2024: 119.4M2025: 129.1M2026: 140.5M20192026
Valuation
2019 · P/E: -205.52020 · P/E: -126.72021 · P/E: -73.62022 · P/E: -9.22023 · P/E: -7.62024 · P/E: -9.62025 · P/E: -9.82026 · P/E: -2.62019 · P/S: 74.32020 · P/S: 56.22021 · P/S: 20.52022 · P/S: 7.02023 · P/S: 7.72024 · P/S: 8.72025 · P/S: 7.32026 · P/S: 5.020192026
P/EP/S

Refreshed 4h ago

Next catalyst

Catalysts

Earnings
2026-12-02
Revenue est. $54.2M · Updated 4h ago
Dividend
$0.225
2019-12-30

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 2027-0.77$221.8M-11%7
FY 2028-0.49$244.7M-2%7
FY 2029-0.43$271.9M+9%2
FY 20300.40$1.7B+572%1
Q3 2027-0.12$59.3M+11%8
Q3 2027-0.13$58.5M+10%3

Company events

6
2026-12-02EarningsActual - / Estimate -0.22-
2026-09-02Earnings · After market closeActual -0.2 / Estimate -0.26Beat
2026-06-03EarningsActual -0.33 / Estimate -0.38Beat
2026-02-25EarningsActual -0.4 / Estimate -0.29Miss
2025-12-03EarningsActual -0.25 / Estimate -0.33Beat
2025-09-03EarningsActual -0.37 / Estimate -0.38Beat

Peer comparison

Similar listed perps

Frequently asked questions

Where can I trade AI perpetual futures?

C3.ai, Inc. (AI) perpetual futures trade on 1 crypto venues, including Helix (Injective). PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade AI around the clock?

Yes. Unlike the underlying stock, AI perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on AI perpetuals?

Right now the AI perp funding rate is +3.6% annualized (venue median), ranging from +3.6% to +3.6% across 1 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the AI perp price compare to the C3.ai, Inc. stock?

The venue-median AI perp mark is $10.5 versus a reference stock price of $10.5, a basis of 0.0%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.

What is a AI perpetual future?

A AI perpetual is a derivative that tracks the price of C3.ai, Inc. with no expiry date. It lets you take long or short exposure to C3.ai, Inc. on crypto venues, around the clock.

What is AIUSDT perpetual?

AIUSDT is the symbol most crypto exchanges use for the C3.ai, Inc. perpetual settled in USDT (Tether). It tracks the AI share price through an index, trades 24/7 with leverage and never expires.

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