C3.ai, Inc. (AI) financials
NYSE · Technology · Software - Application · 764 employees · CEO Thomas Siebel
- Price
- $11.85 -2.59%
- Market cap
- $1.84B
- Enterprise value
- $1.71B
- Last report
- Q1 '27 filed 2026-09-09
- Next report
- 2026-12-09 EPS est. -$0.22
Revenue (TTM)$232M-37.5% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)-198.4%-97.2 pp vs a year agoOperating income -$461M
Net income (TTM)-$446M-30.3% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)-$154M-79.8% vs a year agoCapex $1.16M
Diluted EPS (TTM)-$3.09-18.8% vs a year agoSum of the last 4 quarters
Net cash$651M-7.9% vs a year agoCash + short-term investments - debt
Valuation & key figures
- Market cap
- $1.84B EV $1.71B
- Revenue
- $232M Trailing 12 months
- Revenue growth
- -11% FY2027 consensus
- Profit margin
- -192.1% Net income / revenue, TTM
- P/E
- -3.8× Forward -15.6× (FY2027)
- P/S
- 7.9× Price / sales, TTM
- EV / EBITDA
- -3.9× TTM
- Free cash flow
- -$154M Trailing 12 months
- Net income
- -$446M Trailing 12 months
- Revenue estimate
- $222M FY2027 consensus
- Earnings
- 2026-12-09 Revenue est. $53.1M
- Dividend
- – No dividend
Key takeaways
Computed from the reported numbers - every statement carries the figure it rests on.
- Last report (2026-09-02): revenue beat by 0.6%, EPS beat by 23.2%Revenue $52.4M vs $52.1M expected (+0.6%); EPS -$0.20 vs -$0.26 (+23.2%).
- Revenue growth accelerating: -25.5% year on yearQ1 '27 revenue $52.4M, against an average of -34.6% over the four quarters before.
- Operating margin -198.4% (TTM), -97.2 pp on a year agoOperating income grew -22.4% while revenue grew -37.5%.
- Capex 0.5% of revenue (a year ago 0.8%)$1.16M invested in the last 4 quarters (-59.8% on a year earlier). Free cash flow -$154M.
- Diluted share count up 14.5% in a year155M diluted shares in Q1 '27, 135M a year earlier.
- Net cash $651MCash + short-term investments $651M, debt incl. leases $0; a year ago net cash $707M.
Last quarter: Q1 '27
Quarter ended 2026-07-31. Compared with the same quarter a year earlier and with the analyst consensus before the report.
Quarter vs a year ago
| Q1 '27 | Year ago | Change | |
|---|---|---|---|
| Revenue | $52.4M | $70.3M | -25.5% |
| Gross margin | 31.8% | 37.6% | -5.8 pp |
| Operating income | -$98.3M | -$125M | +21.3% |
| Operating margin | -187.6% | -177.7% | -10.0 pp |
| Net income | -$92.8M | -$117M | +20.5% |
| Diluted EPS | -$0.60 | -$0.86 | +30.2% |
| Operating cash flow | $2.07M | -$33.5M | +106.2% |
| Capex | $8K | $760K | -98.9% |
| Free cash flow | $2.06M | -$34.3M | +106.0% |
| R&D | $46.5M | $64.7M | -28.0% |
| Stock-based compensation | $59.2M | $64.8M | -8.6% |
Reported vs consensus
2026-09-02| Actual | Consensus | vs consensus | |
|---|---|---|---|
| Revenue | $52.4M | $52.1M | +0.6% |
| EPS (as estimated) | -$0.20 | -$0.26 | +23.2% |
From the report of 2026-09-02 for Q1 '27: revenue and the EPS analysts estimate (often adjusted), so it can differ from the EPS of the statements above.
EPS vs consensus
last 8 reportsRevenue
Where the money comes from - by business line and by region, quarter by quarter.
Revenue, operating income and growth
quarterlyRevenue by business line
stacked, quarterly| Segment | Q1 '27 | y/y | Share | TTM | TTM y/y | 12 quarters |
|---|---|---|---|---|---|---|
| Professional Services | $3.21M | -67.8% | 50.0% | – | – | |
| Engineering Services | $1.76M | -79.7% | 27.4% | – | – | |
| Service Fees | $1.45M | +11.5% | 22.6% | – | – |
Revenue by region
share of total| Segment | Q1 '27 | y/y | Share | TTM | TTM y/y | 12 quarters |
|---|---|---|---|---|---|---|
| North America | $42.6M | -33.8% | 81.4% | – | – | |
| EMEA | $8.98M | +59.9% | 17.2% | – | – | |
| Asia Pacific | $265K | +1,161.9% | 0.5% | – | – | |
| Rest Of World | $516K | +142.3% | 1.0% | – | – |
Margins & cost structure
How much of each unit of revenue is left at each level - and where the costs go.
Margins
quarterlyCosts as % of revenue
quarterlyCash flow & capital allocation
Cash generated, what it is spent on, and what reaches shareholders.
Operating cash flow, capex, free cash flow
quarterlyUses of cash vs operating cash flow
fiscal yearsLast 4 quarters
cash flow statement- Operating cash flow
- -$153M
- Capex
- -$1.16M
- Buybacks
- $0
- Dividends
- $0
- Acquisitions
- $0
- Net debt issued
- -$2.74M
- Stock-based compensation
- $204M
- Free cash flow
- -$154M
- Returned to shareholders / FCF
- 0.0%
Share count and EPS
quarterly, dilutedBalance sheet
Liquidity, investments and debt at each quarter end.
Cash, investments and debt
quarter endsValuation & returns
Today's multiples against the company's own last five fiscal years; analyst targets and ratings.
Multiples and returns
TTM vs 5 fiscal years| Now | 5y average | Where today sits in the 5-year range | |
|---|---|---|---|
| P/E (TTM) | -3.8× | – | – |
| EV / EBITDA | -3.9× | – | – |
| EV / Sales | 7.3× | 6.4× | 4.7× – 8.1× |
| Price / FCF | -11.9× | – | – |
| Price / Book | 2.6× | 2.5× | 1.8× – 3.4× |
| FCF yield | -8.4% | -6.9% | -15.4% – -1.6% |
| Return on invested capital | -61.5% | -37.5% | -68.2% – -19.1% |
| Return on equity | -62.9% | -37.3% | -71.9% – -19.4% |
Analysts
Consensus target $11.25 (-5.1%)
range $7.00 – $16.00 · rating Hold
Strong buy0
Buy6
Hold15
Sell7
Strong sell0
Outlook
Analyst consensus for the coming fiscal years and what it implies at today's price.
Consensus estimates
| Fiscal year | Revenue | Growth | EPS | Growth | P/E at today's price | Analysts (EPS) |
|---|---|---|---|---|---|---|
| FY2027 | $222M | -11.4% | -$0.76 | +77.3% | -15.6× | 8 |
| FY2028 | $246M | +10.8% | -$0.47 | +38.1% | -25.2× | 7 |
| FY2029 | $269M | +9.6% | -$0.32 | +33.0% | -37.6× | 2 |
| FY2030 | $1.68B | +524.6% | $0.40 | +226.9% | 29.6× | 1 |
Financial statements
Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.
Every reported line
All 217 figures C3.ai, Inc. tagged in its recent 10-Q / 10-K filings, with the official SEC label and definition - including the notes (leases, taxes, buybacks, employees, ...).
| Line (SEC label) | Latest quarter | Year ago | y/y | Latest FY | Prior FY | y/y |
|---|---|---|---|---|---|---|
| – | – | – | $0 | – | – | |
| – | – | – | $629K | – | – | |
| – | – | – | $209K | – | – | |
| Accounts Payable, Current | $8.74M | $12.1M | -27.7% | $5.51M | $15.2M | -63.7% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $94.6M | $114M | -17.0% | $101M | $137M | -26.7% |
| Accounts Receivable, Allowance for Credit Loss | $1.1M2026-04-30 | $900K | +22.2% | $1.1M | $900K | +22.2% |
| Accounts Receivable, Allowance for Credit Loss, Current | $1.1M | $877K | +25.3% | $1.07M | $877K | +21.4% |
| Accretion (Amortization) of Discounts and Premiums, Investments | $1.31M | $2.81M | -53.6% | $8.48M | $13.5M | -37.0% |
| Accrued Bonuses, Current | $32.1M | $25.3M | +27.0% | $35.5M | $37.5M | -5.2% |
| Accrued Liabilities, Current | $19.8M | $24.9M | -20.5% | $17.6M | $26.3M | -32.9% |
| Accrued Professional Fees, Current | $5.63M | $8.67M | -35.1% | $4.27M | $7.32M | -41.7% |
| Accrued Sales Commission, Current | $3.71M | $6.53M | -43.3% | $4.51M | $7.24M | -37.8% |
| Accrued Vacation, Current | $3.95M | $5.21M | -24.2% | $4.74M | $4.95M | -4.2% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $40.6M | $29.1M | +39.6% | $37.3M | $25.8M | +44.7% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$610K | -$74K | -724.3% | -$50K | $521K | -109.6% |
| Additional Paid in Capital, Common Stock | $2.64B | $2.29B | +15.0% | $2.5B | $2.22B | +12.9% |
| Advertising Expense | – | – | – | $100K | $18.3M | -99.5% |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $42.4M | $54.6M | -22.2% | $218M | $189M | +15.5% |
| Assets | $875M | $969M | -9.7% | $816M | $1.03B | -20.4% |
| Assets, Current | $770M | $851M | -9.5% | $708M | $904M | -21.7% |
| Assets, Fair Value Disclosure | $609M | $689M | -11.7% | – | – | – |
| Business Exit Costs | – | – | – | $5.64M | $0 | – |
| Capital Expenditures Incurred but Not yet Paid | $149K | $201K | -25.9% | $153K | $311K | -50.8% |
| Capitalized Computer Software, Amortization | – | – | – | $200K | $400K | -50.0% |
| Capitalized Computer Software, Net | $600K2026-04-30 | $800K | -25.0% | $600K | $800K | -25.0% |
| Capitalized Contract Cost, Amortization | – | – | – | $10.9M | $13.5M | -19.3% |
| Capitalized Contract Cost, Impairment Loss | – | – | – | $0 | $0 | – |
| Cash and Cash Equivalents, at Carrying Value | $136M | $80.9M | +68.6% | $66.2M | $164M | -59.7% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $149M | $93.5M | +59.3% | $78.8M | $177M | -55.5% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $70.2M | -$83.4M | +184.2% | -$98.2M | -$2.79M | -3,420.8% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | -$93.4M | -$117M | +20.4% | -$471M | -$288M | -63.7% |
| Contract with Customer, Liability | $53.7M | $29.9M | +79.6% | $36.4M | $36.6M | -0.5% |
| Contract with Customer, Liability, Current | $52.6M | $28.9M | +81.6% | $34.9M | $36.6M | -4.6% |
| Contract with Customer, Liability, Noncurrent | $1.11M | $985K | +12.3% | $1.56M | $0 | – |
| Contract with Customer, Liability, Revenue Recognized | $19.2M | $23.6M | -18.6% | $36.5M | $38.5M | -5.2% |
| Contract with Customer, Receivable, after Allowance for Credit Loss | $44.5M | $50.6M | -12.1% | $42.8M | $40.2M | +6.5% |
| Cost of Revenue | $35.7M | $43.8M | -18.5% | $173M | $153M | +12.9% |
| Current Federal Tax Expense (Benefit) | – | – | – | $0 | $0 | – |
| Current Foreign Tax Expense (Benefit) | – | – | – | $792K | $670K | +18.2% |
| Current Income Tax Expense (Benefit) | – | – | – | $822K | $943K | -12.8% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $30K | $273K | -89.0% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | $58.4M | $0 | – | $32.6M | $9.85M | +230.6% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | $137K | $0 | – | $81K | $2K | +3,950.0% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | $174M | $184M | -5.5% | $97.4M | $75.2M | +29.5% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | $527K | $330K | +59.7% | $211K | $138K | +52.9% |
| Debt Securities, Available-for-sale, Unrealized Loss Position | $232M | $184M | +26.2% | $130M | $85M | +52.8% |
| Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | $664K | $330K | +101.2% | $292K | $140K | +108.6% |
| Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | 125 investment2026-04-30 | 88 investment | +42.0% | 125 investment | 88 investment | +42.0% |
| Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | 228 marketable_security | 146 marketable_security | +56.2% | – | – | – |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | $0 | $0 | – |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | $0 | $33K | -100.0% |
| Deferred Income Tax Expense (Benefit) | – | – | – | $0 | $33K | -100.0% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | $0 | $0 | – |
| Deferred Tax Assets, Deferred Income | $3.37M2026-04-30 | $1.35M | +148.7% | $3.37M | $1.35M | +148.7% |
| Deferred Tax Assets, Gross | $416M2026-04-30 | $336M | +24.0% | $416M | $336M | +24.0% |
| Deferred Tax Assets, Net | $02026-04-30 | $0 | – | $0 | $0 | – |
| Deferred Tax Assets, Net of Valuation Allowance | $15.9M2026-04-30 | $14.8M | +7.5% | $15.9M | $14.8M | +7.5% |
| Deferred Tax Assets, Operating Loss Carryforwards | $244M2026-04-30 | $180M | +35.7% | $244M | $180M | +35.7% |
| Deferred Tax Assets, Other | $361K2026-04-30 | $362K | -0.3% | $361K | $362K | -0.3% |
| Deferred Tax Assets, Tax Credit Carryforwards, Research | $24.2M2026-04-30 | $20.4M | +18.4% | $24.2M | $20.4M | +18.4% |
Source: SEC companyfacts (XBRL of every 10-Q / 10-K). Cash-flow quarters are derived from the year-to-date figures the 10-Q tags. Segment breakdowns are tagged with dimensions and are shown in the segment section instead.
Sources
Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-07-31, 10-K 2026-04-30, 10-Q 2026-01-31, 10-Q 2025-10-31, 10-Q 2025-07-31, 10-K 2025-04-30, 10-Q 2025-01-31, 10-Q 2024-10-31, 10-Q 2024-07-31
Data as of 2026-11-02