C3.ai Stock AI
C3.ai develops and sells enterprise artificial intelligence software, including the C3 AI Platform, which provides organizations with tools to build, deploy, and operate AI applications at scale. C3.ai stock (AI): Quarterly and annual results since 2024 from Quarterly Report and SEC filings: revenue, earnings, balance sheet, cash flow and management guidance, every figure with its source. As of 09/2026, quarterly reporting. Stock analysis by NadirAlpha. C3.ai stock (AI): listed on NYSE. NadirAlpha has evaluated 41 original documents, cross-checked every figure automatically and linked each to its source; sources as of 09/2026. Revenue Q1 FY2027 (May to Jul 2026): USD 52 million (-25% year on year). Latest reported (Q1 FY2027 (May to Jul 2026)): RPO, Subscription revenue, GAAP gross margin. Latest reading: Revenue decelerating, Free cash flow turned positive, Strategic pivot.
AI-generated report · not investment advice · figures extracted automatically; please verify against the linked original more
C3.ai Current Status
The current state of C3.ai at a glance, figures as of Q1 FY2027, with core figures and the key management statements from the latest filing. NadirAlpha methodology
Assessment by NadirAlpha, as of Q1 FY2027 (May to Jul 2026).
“Revenue was $52.4 million, on plan. Free cash flow was positive $2.1 million. Non-GAAP operating loss was $36.2 million, a 33% improvement QoQ. Bookings increased 73% QoQ. Cash balance was $651.1 million, up $76 million QoQ. The Company has done exactly what a disciplined, focused turnaround should do. We restructured Sales. We aligned cash outflows with cash inflows. We instituted rigorous expense control. We installed experienced leadership across the board, and we implemented rigorous management discipline across every line of business. Revenue has stabilized, free cash flow is positive, operating loss has narrowed, and Forrester Research named C3 AI a leader in Enterprise AI. The plan is working, we are on track with laser-like management discipline to grow revenue, generate cash, attain non-GAAP profitability, maintain technology leadership, and increase customer satisfaction.”
C3.ai Stock: Key Figures ($ million)
The core financial figures of C3.ai stock in three views: fiscal years up to FY2027, half-years and quarters up to Q1 FY2027, in $ million, most recent period first. NadirAlpha extracts all values automatically from the filings; errors are possible; please verify decision-relevant figures yourself by clicking through to the linked original. NadirAlpha methodology
All figures serve only to support your own investment decision and are not a recommendation; the company's original reports are authoritative.
Fiscal years
| Period | Calendar quarter | Revenue | Op. income | Op. income (adj.) | Net income | EPS ($) | EPS adj. ($) | OCF | Source |
|---|---|---|---|---|---|---|---|---|---|
| FY2026 | Q2/2025–Q2/2026 | 250.3 | -498.5 | -0.22 | -470.4 | -3.35 | -1.35 | -190.2 | 29 |
| FY2025 | Q2/2024–Q2/2025 | 389.1 | -324.4 | -88.1 | -288.7 | -2.24 | -0.41 | -41.4 | 20 |
| FY2024 | Q2/2023–Q2/2024 | 310.6 | -318.3 | -94.86 | -279.7 | -2.34 | -0.47 | -62.4 | 12 |
Quarters
| Period | Calendar quarter | Published | Revenue | Op. income | Op. income (adj.) | Net income | EPS ($) | EPS adj. ($) | FCF | Cash | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2027-Q1* | Q2–Q3/2026 | 2026-09-02 | 52.4 | -98.3 | -36.2 | -92.8 | -0.60 | -0.20 | 2.1 | 136.4 | 32 |
| 2026-Q4* | Q1–Q2/2026 | 2026-05-12 | 51.6 | -121.2 | – | -115.6 | -0.82*≈ | -0.33 | -54,763~ | 66.2 | 29 |
| 2026-Q3* | Q4/2025–Q1/2026 | 2026-02-25 | 53.3 | -140.4 | – | -133.4 | -0.94 | -0.40 | -56,196~ | 88.8 | 127 |
| 2026-Q2* | Q3–Q4/2025 | 2025-12-03 | 75.1 | -112.1 | – | -104.7 | -0.75 | -0.25 | -46.9 | 103.2 | 25 |
| 2026-Q1* | Q2–Q3/2025 | 2025-08-11 | 70.3 | -124.8 | -57.8 | -116.8 | -0.86 | -0.37 | -34.3 | 80.9 | 22 |
| 2025-Q4* | Q1–Q2/2025 | 2025-05-28 | 108.7 | -89 | -31.2 | -79.7 | -0.62*≈ | -0.16 | 10,326~ | 164.4 | 20 |
| 2025-Q3* | Q4/2024–Q1/2025 | 2025-02-26 | 98.8 | -87.6 | – | -80.2 | -0.62 | -0.12 | -22,382~ | 125.1 | 18 |
| 2025-Q2* | Q3–Q4/2024 | 2024-12-09 | 94.3 | -75.3 | -17.2 | -66 | -0.52 | -0.06 | -39.5 | 121.3 | 16 |
| 2025-Q1* | Q2–Q3/2024 | 2024-09-04 | 87.2 | -72.6 | -16.6 | -62.8 | -0.50 | -0.05 | 7.1 | 133.8 | 14 |
| 2024-Q4* | Q1–Q2/2024 | 2024-05-29 | 86.6 | -82.3 | -23.4 | -72.9 | -0.61*≈ | -0.11 | 18,805~ | 167.1 | 12 |
| 2024-Q3* | Q4/2023–Q1/2024 | 2024-02-28 | 78.4 | -82.5 | – | -72.6 | -0.60 | -0.13 | -45,138~ | 114.6 | 10 |
| 2024-Q2* | Q3–Q4/2023 | 2023-12-06 | 73.2 | -79.4 | -25 | -69.8 | -0.59 | -0.13 | -53.9 | 149 | 8 |
| 2024-Q1* | Q2–Q3/2023 | 2023-09-06 | 72.4 | -74.1 | – | -64.4 | -0.56 | -0.09 | -7.4 | 206.4 | 6 |
C3.ai Balance Sheet & Cash Flow ($ million)
NadirAlpha places cash, debt, operating cash flow and investments of C3.ai side by side per period, balance sheet values as of the period end, flow items for the period. NadirAlpha extracts all values automatically from the filings; errors are possible; please verify decision-relevant figures yourself by clicking through to the linked original. NadirAlpha methodology
Fiscal years
| Period | Calendar quarter | Published | Cash | D&A | OCF | Capex | FCF | Source |
|---|---|---|---|---|---|---|---|---|
| FY2026 | Q2/2025–Q2/2026 | 2026-06-03 | 66.2 | 13.6 | -190.2 | 1.9 | -192.1 | 30 |
| FY2025 | Q2/2024–Q2/2025 | 2025-05-28 | 164.4 | 12.6 | -41.4 | 3 | -44.4 | 20 |
| FY2024 | Q2/2023–Q2/2024 | 2024-05-29 | 167.1 | 12.7 | -62.4 | 25.3 | -87.6 | 12 |
Quarters
| Period | Calendar quarter | Published | Cash | D&A | OCF | Capex | FCF | Source |
|---|---|---|---|---|---|---|---|---|
| 2027-Q1 | Q2–Q3/2026 | 2026-09-02 | 136.4 | 3.4 | 2.1 | 0 | 2.1 | 32 |
| 2026-Q4 | Q1–Q2/2026 | 2026-06-03 | 66.2 | 3.3 | -54,440~ | 323~ | -54,763~ | 130 |
| 2026-Q3 | Q4/2025–Q1/2026 | 2026-02-25 | 88.8 | 3.4 | -55,757~ | 439~ | -56,196~ | 127 |
| 2026-Q2 | Q3–Q4/2025 | 2025-12-03 | 103.2 | 3.4 | -46.5 | 0.4 | -46.9 | 25 |
| 2026-Q1 | Q2–Q3/2025 | 2025-09-03 | 80.9 | 3.4 | -33.5 | 0.8 | -34.3 | 23 |
| 2025-Q4 | Q1–Q2/2025 | 2025-05-28 | 164.4 | 3.4 | 11,264~ | 938~ | 10,326~ | 20 |
| 2025-Q3 | Q4/2024–Q1/2025 | 2025-02-26 | 125.1 | 3.1 | -22,020~ | 362~ | -22,382~ | 18 |
| 2025-Q2 | Q3–Q4/2024 | 2024-12-09 | 121.3 | 3 | -38.7 | 0.8 | -39.5 | 16 |
| 2025-Q1 | Q2–Q3/2024 | 2024-09-04 | 133.8 | 3.1 | 8 | 0.9 | 7.1 | 14 |
| 2024-Q4 | Q1–Q2/2024 | 2024-05-29 | 167.1 | 3.2 | 21,343~ | 2,538~ | 18,805~ | 12 |
| 2024-Q3 | Q4/2023–Q1/2024 | 2024-02-28 | 114.6 | 3.2 | -39,051~ | 6,087~ | -45,138~ | 10 |
| 2024-Q2 | Q3–Q4/2023 | 2023-12-06 | 149 | 3.2 | -48.6 | 5.3 | -53.9 | 8 |
| 2024-Q1 | Q2–Q3/2023 | 2023-09-06 | 206.4 | 3.1 | 3.9 | 11.3 | -7.4 | 6 |
C3.ai Guidance Tracking (latest per metric/period · 16/36)
All forecasts (guidance) of the C3.ai management and their later outcome: per metric and period the most recent statement applies, the status is checked against the reported actuals. NadirAlpha methodology
Actuals: revenue in $m
Direction: confirmedcutinitiatedraised Verdict: beatin linemisspending
| For period | Guided on | Metric | Guided | Actual | Verdict | Direction | Source |
|---|---|---|---|---|---|---|---|
| FY2027 | 2026-09-02 | Non-GAAP loss from operations | -155–-123 | – | 32 | ||
| FY2027 | 2026-06-03 | Revenue | 210–240 | – | 32 | ||
| 2027-Q2 | 2026-09-02 | Revenue | 51–55 | – | – | 32 | |
| 2027-Q2 | 2026-09-02 | Non-GAAP loss from operations | -42.5–-34.5 | – | – | 32 | |
| 2027-Q1 | 2026-06-03 | Revenue | 50–54 | 52.4 | 30 | ||
| 2027-Q1 | 2026-06-03 | Non-GAAP loss from operations | -48.5–-40.5 | – | – | 30 | |
| FY2026 | 2026-02-25 | Revenue | 246.7–250.7 | 250.3 | 27 | ||
| FY2026 | 2026-02-25 | Non-GAAP loss from operations | -227.5–-219.5 | – | – | 27 | |
| 2026-Q4 | 2026-02-25 | Revenue | 48–52 | 51.6 | 27 | ||
| 2026-Q4 | 2026-02-25 | Non-GAAP loss from operations | -64–-56 | – | – | 27 | |
| 2026-Q3 | 2025-12-03 | Revenue | 72–80 | 53.3 | 25 | ||
| 2026-Q3 | 2025-12-03 | Non-GAAP loss from operations | -52–-44 | – | – | 25 | |
| 2026-Q2 | 2025-09-03 | Revenue | 72–80 | 75.1 | – | 23 | |
| 2026-Q2 | 2025-09-03 | Non-GAAP loss from operations | -57.5–-49.5 | – | – | – | 23 |
| 2026-Q1 | 2025-05-28 | Revenue | 100–109 | 70.3 | 20 | ||
| 2026-Q1 | 2025-05-28 | Non-GAAP loss from operations | -33.5–-23.5 | – | – | 20 | |
| FY2025 | 2025-02-26 | Revenue | 383.9–393.9 | 389.1 | 18 | ||
| FY2025 | 2025-02-26 | Non-GAAP loss from operations | -97–-87 | – | – | 18 | |
| 2025-Q4 | 2025-02-26 | Revenue | 103.6–113.6 | 108.7 | 18 | ||
| 2025-Q4 | 2025-02-26 | Non-GAAP loss from operations | -40–-30 | – | – | 18 | |
| 2025-Q3 | 2024-12-09 | Revenue | 95.5–100.5 | 98.8 | 16 | ||
| 2025-Q3 | 2024-12-09 | Non-GAAP loss from operations | -46.6–-38.6 | – | – | 16 | |
| 2025-Q2 | 2024-09-04 | Revenue | 88.6–93.6 | 94.3 | 14 | ||
| 2025-Q2 | 2024-09-04 | Non-GAAP loss from operations | -34.7–-26.7 | – | – | 14 | |
| 2025-Q1 | 2024-05-29 | Revenue | 84–89 | 87.2 | 12 | ||
| 2025-Q1 | 2024-05-29 | Non-GAAP loss from operations | -30–-22 | – | – | 12 | |
| FY2024 | 2024-02-28 | Revenue | 306–310 | 310.6 | 10 | ||
| FY2024 | 2024-02-28 | Non-GAAP loss from operations | -123–-115 | – | – | 10 | |
| 2024-Q4 | 2024-02-28 | Revenue | 82–86 | 86.6 | 10 | ||
| 2024-Q4 | 2024-02-28 | Non-GAAP loss from operations | -51.5–-43.5 | – | – | 10 | |
| 2024-Q3 | 2023-12-06 | Revenue | 74–78 | 78.4 | 8 | ||
| 2024-Q3 | 2023-12-06 | Non-GAAP loss from operations | -46–-40 | – | – | 8 | |
| 2024-Q2 | 2023-09-06 | Revenue | 72–76.5 | 73.2 | 6 | ||
| 2024-Q2 | 2023-09-06 | Non-GAAP loss from operations | -40–-27 | – | – | 6 | |
| 2024-Q1 | 2023-05-31 | Revenue | 70–72.5 | 72.4 | 4 | ||
| 2024-Q1 | 2023-05-31 | Non-GAAP loss from operations | -30–-25 | – | – | 4 |
C3.ai Stock: Price & Chart
Interactive price chart of C3.ai stock (TradingView) and the trend of key figures from the core tables; the chart loads only after a click and then connects to TradingView. NadirAlpha methodology
Daily candles with news and earnings markers. Loads only on click.
C3.ai Event Timeline
This timeline collects the material events of C3.ai from the original reports: guidance changes, revenue and margin signals, strategy shifts, product and M&A announcements, grouped by quarter. NadirAlpha methodology
2027 · 3 events
Subscription revenue decreased 18% to $49.2M; professional services revenue declined 68% to $3.2M; total revenue 52.4M 33
Restructuring plan approved February 2026 reduced operating expenses 24% to $114.9M through workforce reduction and organizational flattening 33
2026 · 12 events
“We have a well-defined strategy, a restructured organization, new executive leadership, and a detailed execution plan now in place with the singular focus of increasing shareholder value through topline revenue growth, cash generation, and non-GAAP profitability. Game on.”
“While my vision remains impaired, it is improving. The health issues I encountered during 2025 are largely resolved.”
Q4 FY2026 revenue of 51.6 million declined 52% year-over-year from $108.7 million in Q4 FY2025 30
Q4 revenue of 51.6 million and non-GAAP operating loss of $54.4 million both came in within guidance ranges of $48.0-$52.0 million and $(56.0)-$(64.0) million respectively 29
Thomas M. Siebel resumed role of Chief Executive Officer effective May 8, 2026; Stephen Ehikian continues as President 29
“I joined C3 AI six months ago and I did so with a clear conviction: this company is uniquely positioned to win in Enterprise AI. That conviction has been reinforced through extensive engagement with customers, prospects, partners, and investors. However, it was clear to me that we were not organized appropriately. We've reduced our cost structure and cash burn. We've restructured and flattened the sales organization. We've focused efforts on our best-in-class applications. We've shifted our go-to-market toward large-scale, enterprise-wide transformations. We've accelerated how we build and deliver product. And we are infusing our AI across every function at C3 AI. Those changes are substantially complete and C3 AI is now a more agile, more disciplined, and more accountable organization. Moving forward, our entire focus is on executing our return to growth and building C3 AI into a profitable, cash-positive business.”
Total revenue declined to 53.3 million from $98.8 million in Q3 2025, a 46% year-over-year decrease; subscription revenue fell to $48.2 million from $85.7 million 27
Q4 FY2026 total revenue guidance of $48.0-$52.0 million and full-year FY2026 revenue guidance of $246.7-$250.7 million issued 27
“We delivered a solid quarter driven by excellent performance in our Federal business and increased high-value deal activity across our customer base. The Federal market continues to be a large growth vector for us. Both Federal and commercial customers want to move faster, scale sooner, and embed AI as a core operating capability that delivers measurable economic value, and our platform is built for this moment.”
GAAP gross margin decreased from 61% to 40% driven by revenue decline and higher payroll costs 26
Total revenue 75.1 million, down 20% year-over-year; subscription revenue represented 93% of total at $70.2 million 25
Microsoft partnership yielded 100+ customer agreements over 12 months generating $130 million in C3 AI bookings; Q2 contributed 24 agreements with 146% year-over-year increase in qualified pipeline 25
“I am extremely pleased to announce the appointment of Stephen Ehikian as Chief Executive Officer of C3 AI, effective September 1, 2025. Stephen's wealth of experience in both the private and public sectors, and domain expertise in all things AI, make him ideally suited to drive growth and realize the full potential of the C3 AI technology platform and portfolio.”
Total revenue declined to 70.3 million from $87.2 million year-over-year; subscription revenue fell to $60.3 million from $73.5 million 23
Company withdrew previous full-year fiscal 2026 guidance due to CEO appointment and recent sales and services restructuring 23
Stephen Ehikian appointed Chief Executive Officer effective September 1, 2025; Thomas Siebel transitioned to Executive Chairman; global sales and services organization restructured with new leadership 23
2025 · 11 events
“This was a momentum-building year for C3 AI, achieving 25% revenue growth year-over-year. We delivered breakthrough innovations in agentic AI and dramatically expanded our strategic alliances, including with Microsoft, AWS, Google Cloud, McKinsey QuantumBlack, and renewed and expanded our agreement with one of our most trusted, long-standing partners, Baker Hughes. The Enterprise AI market is converging toward AI applications, a category we created and continue to lead. We continue to innovate, most recently in agentic AI. We continue to grow, expanding our partner ecosystem and global reach. And we are ready to scale as demand for AI applications accelerates.”
Strategic alliance formed with PwC in March 2025 to accelerate enterprise AI adoption across financial services, manufacturing, and utilities 21
U.S. Air Force Rapid Sustainment Office increased PANDA predictive maintenance platform contract ceiling from $100 million to $450 million through October 2029 20
Multi-year strategic partnership with Baker Hughes renewed and expanded through June 2028, focusing on co-selling and co-investment in AI solutions for the energy sector 20
“In the third quarter, C3 AI achieved significant milestones, expanding our global distribution network, advancing our leadership in agentic and generative AI, and delivering total revenue reaching $98.8 million, up 26% year-over-year.”
Revenue grew 26% to 98.8 million; subscription revenue grew 22% to $85.7 million, constituting 87% of total revenue 18
New multi-year strategic collaboration agreement with AWS entered in January 2025 to accelerate solution delivery 18
Strategic alliance with McKinsey & Company QuantumBlack announced to accelerate Enterprise AI transformations at scale 18
“We had an outstanding quarter with strong top- and bottom-line performance to mark our seventh consecutive quarter of accelerating revenue growth.”
Revenue grew 29% to 94.3 million, marking the seventh consecutive quarter of accelerating revenue growth 16
Global strategic alliance signed with Microsoft on September 30, 2024 for an initial five-and-a-half-year term through March 2030; Microsoft to subsidize pilots and production deployments, with all C3 AI solutions available on Azure Marketplace and Azure Price List 16
“We had a solid start to the fiscal year, with rising demand for Enterprise AI driving our sixth consecutive quarter of accelerating revenue growth. C3 AI is the original Enterprise AI company. Our unwavering commitment to solving the most challenging problems in the enterprise has led us to what we believe are the highest levels of customer satisfaction in the industry.”
Total revenue grew 21% to 87.2 million; subscription revenue grew 20% to $73.5 million, comprising 84% of total revenue 14
Google Cloud partnership closed 40 joint agreements (up 300% year-over-year), including 24 State and Local Government agreements 14
2024 · 12 events
“C3 AI is our partner that's working with us on predictive analytics around [steam] crackers, so a 20% reduction around [steam] cracker downtime, by looking at furnace operations and how that works, is a big outcome that we're expecting. We've got it on one [steam] cracker right now and then we'll look to scale that across the fleet.”
Q4 revenue 86.6 million, up 20% year-over-year; full-year FY24 revenue 310.6 million, up 16%, both exceeding top-end guidance 12
Non-GAAP gross margin contracted from 74% in Q4 FY23 to 70% in Q4 FY24, and from 77% in FY23 to 69% in FY24 12
“We had a great quarter. Total revenue of $78.4 million grew 18% year-over-year, exceeding our guidance range. Customer engagement grew 80% year-over-year. Our significant first mover advantage in Enterprise AI is generating tailwinds as market interest in adopting AI accelerates.”
Q3 revenue 78.4 million, up 18% year-over-year and exceeding guidance; subscription revenue grew 23% to $70.4 million 10
Four-year production agreement signed with Holcim to scale C3 AI Reliability across 100+ cement plants following successful pilot 10
“In the trailing four quarters, we have seen top line year-over-year revenue growth increase from -4% in Q3 FY23, to 0% in Q4 FY23, to 11% in Q1 FY24, to 17% in Q2 FY24.”
Gross margin declined to 56% from 67% due to increased personnel costs and stock-based compensation 9
Q2 revenue 73.2 million, up 17% year-over-year; federal bookings grew nearly 187% year-over-year 8
Expanded Strategic Collaboration Agreement with AWS to deliver generative AI solutions across multiple industries 8
“While we believed for over a decade that this market would be quite large, no one could have anticipated the size and growth rate of the AI market that we now address.”
Q1 revenue 72.4 million at high end of guidance, up 11% year-over-year; subscription revenue $61.4 million at 85% of total 6
FY24 revenue guidance initiated at $295.0-$320.0 million; Q2 FY24 guidance $72.0-$76.5 million 6
C3 Generative AI Suite launched with 28 domain-specific solutions at $250,000, deployable in 12 weeks; 8 new agreements closed in Q1 with 140+ opportunities in pipeline 6
C3.ai Business Model
How C3.ai (AI) makes its money, summarised from the filings up to Q1 FY2027, neutral and without forecast. NadirAlpha methodology
C3.ai develops and sells enterprise artificial intelligence software, including the C3 AI Platform, which provides organizations with tools to build, deploy, and operate AI applications at scale. C3.ai offers pre-built AI applications for use cases such as predictive maintenance, fraud detection, supply chain optimization, and demand forecasting, serving customers in energy, industrials, financial services, defense, intelligence, and government sectors. Revenue is generated primarily through subscription contracts, which represented 94% of total revenue in fiscal Q1 2027, with a smaller share from professional services engagements. C3.ai distributes its products through direct sales and through strategic partners. The company's go-to-market approach includes a consumption-based pricing model, introduced in fiscal Q2 2023, that allows customers to begin with smaller initial contract sizes. Baker Hughes previously served as an exclusive channel partner in the oil and gas sector, but that exclusive arrangement was revised in April 2025.
C3.ai Stock: Share-Price Drivers
What determines the business trajectory of C3.ai according to management, summarised from the reports up to Q1 FY2027. NadirAlpha methodology
C3.ai reported quarterly revenue of 52.4 million in 2027-Q1, lower than the 108.7 million booked in 2025-Q4, so the pace at which consumption-based and generative AI deployments convert into revenue is the company's most material swing factor 32 130.
C3.ai piloted a consumption-based pricing model from Q1 FY2023 and moved away from term subscription contracts 13 9; reported revenue has trended lower across recent quarters, standing at 52.4 million in 2027-Q1 32.
C3.ai released its C3 Generative AI Suite with 28 domain-specific offerings and has since added the C3 Agentic AI Platform, C3 AI Studio and the C3 Code agentic development environment 31 15; an agentic data extraction capability was added in Q1 2026 23, pointing to a broadening product line.
C3.ai expanded its global alliance with Microsoft in September 2024 28 and formed strategic alliances with Google Cloud, AWS and McKinsey QuantumBlack 20, a McKinsey & Company alliance in January 2025 28 and a PwC strategic alliance 21.
C3.ai received a U.S. Air Force contract ceiling increase for its PANDA predictive maintenance platform in FY2025 20 and signed a C3 Generative AI agreement with the U.S. Department of Defense Missile Defense Agency 4, with a Strategic Integrator Program launched in Q1 2026 23.
Sector trend: Enterprise demand for generative and agentic AI software is broadening, reflected in C3.ai's widening product suite and new hyperscaler and consultancy alliances 31 28; profitability has yet to follow, as C3.ai's operating result remained a loss of 98.3 million in 2027-Q1 32.
C3.ai Revenue by Type (as of 2027-Q1 · USD million · 0/9)
Revenue of C3.ai split by segment or product type exactly as the company itself reports it; segment totals can deviate from group revenue. NadirAlpha methodology
| Segment | Source |
|---|---|
| Period 2024-Q3 | |
| Agriculture | 10 |
| Chemicals | 10 |
| Energy and Utilities | 10 |
| Federal, Defense and Aerospace | 10 |
| Food Processing and Consumer Packaged Goods | 10 |
| Manufacturing | 10 |
| Oil and Gas | 10 |
| Professional Services | 10 |
| State and Local Government | 10 |
C3.ai Products & announcements (15/72 active+recent)
What C3.ai launched, had approved or announced, from the filings up to Q1 FY2027, each row with the date of first mention. NadirAlpha methodology
Status: PlannedLaunched
| Product/Line | Since | Status | Source |
|---|---|---|---|
| 2026 | |||
| U.S. Department of Energy Central Data Management Solution Deployment | 2026-09 | 27 | |
| U.S. Department of Agriculture Enterprise AI Solution Deployment | 2026-09 | 27 | |
| NATO Logistics Planning and Decision Support Deployment | 2026-09 | 27 | |
| Energy Exploration and Production Company Predictive Maintenance Expansion | 2026-09 | 27 | |
| Driscoll's Supply Forecasting Scaling | 2026-09 | 27 | |
| C3 Generative AI Subsea Engineering Report Automation Scaling | 2026-09 | 27 | |
| C3 AI Strategic Integrator Program launch | 2026-03 | 23 | |
| Agentic data extraction capability for C3 Generative AI | 2026-03 | 23 | |
| C3 Code agentic development environment | 2026 | 31 | |
| C3 Code | 2026 | 31 | |
| C3 AI Studio integrated development environment | 2026 | 31 | |
| C3 AI Studio | 2026 | 31 | |
| C3 AI Applications | 2026 | 31 | |
| 2025 | |||
| C3 Agentic AI Platform | 2025 | 31 | |
| 2024 | |||
| C3 Transform 2026 User Conference (2x) | 2024-03 | 27 | |
| 2025 | |||
| CEO transition appointment | 2025-09 | 28 | |
| CEO Transition: Stephen Ehikian appointed CEO; Thomas Siebel continues as Executive Chairman | 2025-09 | 24 | |
| CEO Succession - Stephen Ehikian Appointed | 2025-09 | 26 | |
| C3 AI Agentic Process Automation | 2025-09 | 28 | |
| C3 AI Decision Advantage for U.S. Army | 2025-06 | 16 | |
| C3 Transform 2025 Conference | 2025-03 | 18 | |
| AWS Generative AI Competency achievement | 2025-03 | 15 | |
| C3 AI Decision Advantage added to Tradewinds Solutions Marketplace (2×) | 2025-01 | 18 | |
| Breakthrough Foundation Time Series Embedding Model | 2025-01 | 18 | |
| Deep Research Agent | 2025 | 28 | |
| C3 Generative AI on-the-fly custom visualizations launch | 2025 | 20 | |
| C3 Generative AI omni-modal parsing at scale launch | 2025 | 20 | |
| C3 Generative AI easy agent and tool authoring launch | 2025 | 20 | |
| C3 Generative AI dynamic planning agent with multi-agent collaboration launch | 2025 | 20 | |
| C3 AI Sustainability Suite | 2025 | 21 | |
| C3 AI Supply Chain Suite | 2025 | 21 | |
| C3 AI State and Local Government Suite | 2025 | 21 | |
| C3 AI Health Suite | 2025 | 21 | |
| C3 AI Financial Services Suite | 2025 | 21 | |
| C3 AI Defense & Intelligence Suite | 2025 | 21 | |
| C3 AI Asset Performance Suite | 2025 | 21 | |
| 2024 | |||
| PANDA application expansion for U.S. Air Force | 2024-12 | 12 | |
| Expansion of engagement with Riverside County California and new agreement with Pasco County Sheriff's Office | 2024-12 | 12 | |
| Crowd-Sourced Flight Data Program expansion to F-35 with U.S. Navy | 2024-12 | 12 | |
| Agreements with U.S. Air Force, U.S. Marine Corps, Defense Counterintelligence and Security Agency, Chief Digital Artificial Intelligence Office, National Science Foundation | 2024-12 | 12 | |
| Agreements with ExxonMobil, A.P. Moller-Maersk, General Mills, Quest Diagnostics, Flextronics, BASF Petronas, Worley Limited, Thales Group, U.S. Navy, U.S. Intelligence Community, U.S. National Science Foundation, Secil Group, Cargill, Nucor Corporation, Dow | 2024-12 | 12 | |
| U.S. Patent 12,111,859 for Generative AI Agents (5x) | 2024-10 | 16 | |
| C3 Generative AI Production Deployment - Riverside County | 2024-09 | 10 | |
| C3 Generative AI Production Deployment - Indorama (2x) | 2024-09 | 10 | |
| C3 Generative AI Production Deployment - Groupe Atlantic | 2024-09 | 10 | |
| C3 Generative AI Accelerator Program (4x) | 2024 | 21 | |
| C3 AI Reliability deployment at Dow | 2024 | 12 | |
| 2023 | |||
| C3 AI Predictive Maintenance system of record designation | 2023-12 | 3 | |
| C3 Generative AI product availability on AWS Marketplace, GCP Marketplace, and Azure Marketplace | 2023-09 | 6 | |
| C3 Generative AI Suite with 28 domain-specific offerings (3x) | 2023-09 | 15 | |
| C3 AI Ex Machina | 2023-09 | 7 | |
| C3 AI Data Vision | 2023-09 | 2 | |
| C3 AI CRM (2x) | 2023-09 | 21 | |
| Go-to-market strategy change with consumption-based pricing | 2023-06 | 33 | |
| C3 Generative AI: AWS Marketplace Edition (10x) | 2023-06 | 13 | |
| C3 Generative AI Suite launch (2x) | 2023-03 | 9 | |
| C3 Generative AI (2x) | 2023-03 | 31 | |
| C3 Generative AI solution released to market | 2023 | 4 | |
| C3 Generative AI for Enterprise Search | 2023 | 1 | |
| C3 AI designated as System of Record for U.S. Air Force predictive maintenance | 2023 | 4 | |
| 2022 | |||
| C3 AI ESG enhancement to Energy Management | 2022-09 | 1 | |
| Consumption-based pricing model (5x) | 2022-06 | 9 | |
| 2019 | |||
| C3 AI Ex Machina, C3 AI CRM, C3 AI Data Vision, C3 AI ESG, C3 Generative AI | 2019 | 13 | |
| 90+ AI production applications across utility, oil & gas, government, financial services, manufacturing, health, communications, defense sectors | 2019 | 13 | |
| 2016 | |||
| Expansion to manufacturing, financial services, defense sectors with AI Predictive Maintenance, AI Fraud Detection, AI Inventory Optimization | 2016 | 13 | |
| 2013 | |||
| C3 Energy Predictive Analytics Products (C3 AMI Operations, C3 Revenue Protection, C3 Predictive Analytics, C3 Revenue Production, C3 Reliability) | 2013 | 13 | |
| AI Predictive Maintenance for oil industry | 2013 | 13 | |
| 2010 | |||
| C3 Energy Management (2x) | 2010 | 31 | |
C3.ai Transactions & Events (35)
35 transactions and events of C3.ai from the original reports, financing measures and management changes are not listed here, cancelled items in grey. NadirAlpha methodology
Acquisitions by C3.ai
| Transaction / stake | Date | Type | Source |
|---|---|---|---|
| 2026 | |||
| Thomas M. Siebel purchase of 6.17 million shares at $11.16 per share | 2026-06 | Completed | 30 |
| 2025 | |||
| U.S. Department of Health and Human Services selects C3 AI for unified enterprise AI data foundation | 2025-06 | Completed | 25 |
| Booz Allen Hamilton joins Strategic Integrator Program | 2025-06 | Completed | 25 |
| U.S. Air Force contract ceiling increase for PANDA predictive maintenance platform | 2025 | Completed | 20 |
| 2019 | |||
| Baker Hughes arrangement revised (16x) | 2019-06 | Completed | 5 |
Partnerships and contracts of C3.ai
| Transaction / stake | Date | Type | Source |
|---|---|---|---|
| 2025 | |||
| Microsoft partnership first anniversary with 100+ joint customer agreements | 2025-06 | Agreement | 25 |
| Fractal partnership extended (3x) | 2025-04 | Agreement | 31 |
| Cognizant strategic alliance | 2025-04 | Agreement | 21 |
| Baker Hughes exclusive channel partnership termination | 2025-04 | Agreement | 31 |
| PwC strategic alliance | 2025-03 | Agreement | 21 |
| New Strategic Alliance with McKinsey & Company QuantumBlack | 2025-01 | Agreement | 18 |
| McKinsey & Company strategic collaboration agreement | 2025-01 | Agreement | 21 |
| McKinsey & Company Strategic Alliance | 2025-01 | Agreement | 28 |
| Expanded Strategic Partnership with Microsoft | 2025-01 | Agreement | 18 |
| Expanded Strategic Alliance with AWS | 2025-01 | Agreement | 18 |
| Strategic alliance with Microsoft | 2025 | Agreement | 20 |
| Strategic alliance with McKinsey QuantumBlack | 2025 | Agreement | 20 |
| Strategic alliance with Google Cloud | 2025 | Agreement | 20 |
| Strategic alliance with AWS | 2025 | Agreement | 20 |
| 2024 | |||
| Deepened partnerships with Fractal and Paradyme for Version 8 upgrades and training of 200+ engineers | 2024-12 | Agreement | 12 |
| Capgemini Partnership Extension | 2024-11 | Agreement | 21 |
| Paradyme Enhanced Partnership Agreement | 2024-09 | Agreement | 10 |
| Microsoft-C3 AI Strategic Alliance | 2024-09 | Agreement | 16 |
| Microsoft Azure multi-year global alliance agreement | 2024-09 | Agreement | 21 |
| Holcim Four-Year Production Agreement | 2024-09 | Agreement | 10 |
| Global Alliance with Microsoft | 2024 | Agreement | 28 |
| 2023 | |||
| Microsoft Azure partnership collaboration | 2023-09 | Agreement | 5 |
| AWS partnership expansion and renewal | 2023-09 | Agreement | 5 |
| AWS multi-year strategic collaboration agreement (2x) | 2023-06 | Agreement | 21 |
| ACF blanket purchase agreement | 2023-06 | Agreement | 8 |
| C3 Generative AI agreement with U.S. Department of Defense Missile Defense Agency | 2023 | Agreement | 4 |
| C3 Generative AI agreement with Georgia Pacific | 2023 | Agreement | 4 |
| C3 Generative AI agreement with Flint Hills Resources | 2023 | Agreement | 4 |
| Booz Allen strategic partnership (2x) | 2023 | Agreement | 1 |
| 2022 | |||
| Google Cloud partnership expansion (2x) | 2022-09 | Agreement | 1 |
C3.ai Risks (146 since the annual report of 2026-06-24, 618 tracked in total)
Risk factors C3.ai itself names in its reports, merged by topic across periods, with category, first mention and source; new risks of the latest period come first. NadirAlpha methodology
Category: FinancialGeopoliticsCustomersMacroLegalCyberMarketPeopleRegulatoryCompetitionTechnologyESGStrategySupply chain
| Risk | Category | Last reported |
|---|---|---|
| C3.ai: first mention in 10-Q quarterly report of 2026-09-09 (2027-Q1), source 33 | ||
| Multi-year non-cancellable agreements with cloud providers require minimum spend; shortfalls create payment obligations | = | |
| Section 382 ownership change risk limiting NOL carryforwards ($1,044.5M federal, $400.4M state) | = | |
| Political conflict, military actions, heightened security breach risk, cyberattacks disrupting systems | = | |
| Failure to meet service-level commitments could require service credits or contract terminations | = | |
| San Francisco Bay Area headquarters exposed to earthquakes, wildfires, rising ocean levels | = | |
| FCPA and anti-corruption law non-compliance risks, third-party business partner liability | = | |
| Intellectual property claims, indemnification obligations to customers for patent infringement | = | |
| Ransomware attacks increasingly prevalent; could cause significant operational interruptions and data loss | = | |
| Future debt financing could impose restrictive covenants limiting capital raising and business opportunities | = | |
| May need additional capital for operations; ability to obtain financing depends on market conditions and performance | = | |
| Political instability in Middle East, Russia, Ukraine affects international operations and trade restrictions | = | |
| Marketing and sales capabilities must improve to expand customer base; brand promotion may not yield revenue | = | |
| Enterprise AI market is nascent and evolving with uncertain demand trajectory | = | |
| Company culture may be difficult to maintain as company grows; retention of talented employees at risk | = | |
| Loss of senior management team members could impair business strategy execution | = | |
| Restructuring plan from February 2026 may not achieve expected benefits; could cause employee attrition | = | |
| Long, variable sales cycles particularly for large subscriptions create revenue timing uncertainty | = | |
| Various countries regulate import of items, limiting C3 AI Software distribution | = | |
| Competitors may reduce prices or introduce competing products affecting market adoption | = | |
| C3.ai: first mention in 8-K-EX99.1 earnings release of 2026-09-02 (2027-Q1), source 32 | ||
| History of losses and ability to achieve profitability | = | |
| C3.ai: first mention in 10-K annual report of 2026-06-24 (FY2026), source 31 | ||
| C3 AI Software depends on third-party public cloud providers; disruptions or service terminations could harm business | 2027-Q1 2026-09-09 33 | |
| C3.ai: first mention in 10-Q quarterly report of 2026-03-11 (2026-Q3), source 28 | ||
| Limited acquisition experience; acquisitions may not strengthen competitive position or could disrupt operations | 2027-Q1 2026-09-09 33 | |
| C3.ai: first mention in 10-Q quarterly report of 2025-12-09 (2026-Q2), source 26 | ||
| Dual class structure concentrates voting control; Siebel owns 87.8% of Class B stock | 2027-Q1 2026-09-09 33 | |
| C3.ai: first mention in 10-K annual report of 2025-06-23 (FY2025), source 21 | ||
| Increasing stakeholder scrutiny on ESG practices; failure to meet expectations could harm reputation and employee retention | 2027-Q1 2026-09-09 33 | |
| Ordinary course legal proceedings; securities class action lawsuits filed March 2022 and August 2025 | 2027-Q1 2026-09-09 33 | |
| C3.ai: first mention in 10-Q quarterly report of 2024-12-10 (2025-Q2), source 17 | ||
| Founder and CEO Thomas M. Siebel is critical to management, sales strategy, culture and engineering | 2027-Q1 2026-09-09 33 | |
| Market may reject consumption-based or alternative pricing models; customer adoption rates uncertain | 2027-Q1 2026-09-09 33 | |
| C3.ai: first mention in 10-K annual report of 2024-06-18 (FY2024), source 13 | ||
| Uncertainty on sales tax nexus, VAT/GST collection obligations post-Wayfair decision | 2027-Q1 2026-09-09 33 | |
| Sarbanes-Oxley Section 404 compliance costs; internal control effectiveness challenges | 2027-Q1 2026-09-09 33 | |
| Use of generative AI/ML technologies could leak sensitive information or produce flawed outputs and biased decisions | 2027-Q1 2026-09-09 33 | |
| Rapid technological changes and new AI platform introductions could make existing offerings obsolete | 2027-Q1 2026-09-09 33 | |
| C3.ai: first mention in 10-Q quarterly report of 2024-02-29 (2024-Q3), source 11 | ||
| Government entities may terminate channel partner contracts; difficult to arrange alternative partners | 2027-Q1 2026-09-09 33 | |
| Company has accumulated deficit of $1.9 billion and expects to continue incurring losses | 2027-Q1 2026-09-09 33 | |
| Adverse macroeconomic conditions and customer budget rationalization impacting consumption | 2027-Q1 2026-09-09 33 | |
| Expanding internationally requires compliance with diverse legal systems, data protection, consumer protection laws | 2027-Q1 2026-09-09 33 | |
| Need to attract and retain highly skilled research and development personnel | 2027-Q1 2026-09-09 33 | |
| Subject to complex evolving data privacy laws (GDPR, CCPA, state laws) with high compliance costs and risks | 2027-Q1 2026-09-09 33 | |
| C3.ai: first mention in 10-Q quarterly report of 2023-12-07 (2024-Q2), source 9 | ||
| Regulatory compliance costs related to use of generative AI and AI/ML technologies in business operations | 2027-Q1 2026-09-09 33 | |
| Difficult to predict customer adoption rates for Enterprise AI software and market growth rate | 2027-Q1 2026-09-09 33 | |
| Outstanding options (23.7M shares) and RSUs (22.7M shares) create dilution pressure | 2027-Q1 2026-09-09 33 | |
| C3.ai: first mention in 10-Q quarterly report of 2023-09-07 (2024-Q1), source 7 | ||
| Open-source license non-compliance exposure, mandatory source code disclosure risk | 2027-Q1 2026-09-09 33 | |
| Length and unpredictability of sales cycles and time for sales efforts | 2027-Q1 2026-09-02 32 | |
| Apache License 2.0 enforceability uncertain; modified terms could impact distribution | 2027-Q1 2026-09-09 33 | |
| C3.ai: first mention in 8-K-EX99.1 earnings release of 2023-09-06 (2024-Q1), source 6 | ||
| Continued operating losses requiring additional capital and limiting investment capacity | 2027-Q1 2026-09-09 33 | |
| C3.ai: first mention in 10-K annual report of 2023-06-22 (FY2023), source 5 | ||
| Processes sensitive customer, employee, and partner data; cyber-attacks could disrupt operations and cause liability | 2027-Q1 2026-09-09 33 | |
| Federal government shutdowns and budget cycles impact demand for government sector sales | 2027-Q1 2026-09-09 33 | |
| Government contracts require employee security clearances; difficulty obtaining/maintaining clearances could affect contracts | 2027-Q1 2026-09-09 33 | |
| Limited ability to monitor third-party security practices; vendors may lack adequate security measures | 2027-Q1 2026-09-09 33 | |
| Short sellers may publish negative opinions driving stock price declines | 2027-Q1 2026-09-09 33 | |
| Labor shortages, inflation, interest rates, recession risks could reduce enterprise IT spending and extend sales cycles | 2027-Q1 2026-09-09 33 | |
| GDPR and similar laws restrict data transfers to US; legal challenges to transfer mechanisms create uncertainty | 2027-Q1 2026-09-09 33 | |
| Liberal open-source license terms enable competitors to develop similar platforms | 2027-Q1 2026-09-09 33 | |
| Reliance on external open-source programmers; development delays if contributions slow | 2027-Q1 2026-09-09 33 | |
| C3 AI Software is complex and may contain material defects, errors, or vulnerabilities | 2027-Q1 2026-09-09 33 | |
| C3.ai: first mention in 8-K-EX99.1 earnings release of 2023-05-15 (2023-Q4), source 3 | ||
| Market awareness and acceptance of enterprise AI | 2027-Q1 2026-09-02 32 | |
| C3.ai: first mention in 10-Q quarterly report of 2023-03-03 (2023-Q3), source 2 | ||
| Baker Hughes relationship revised April 2025; strategic partners may not prioritize or adequately resource C3 AI Software | 2027-Q1 2026-09-09 33 | |
| EU AI Act compliance requirements could increase costs and restrict deployment of high-risk AI systems | 2027-Q1 2026-09-09 33 | |
| Agentic AI systems may violate data privacy laws through autonomous personal data processing | 2027-Q1 2026-09-09 33 | |
| U.S. export control and sanctions laws restrict AI software sales to embargoed countries | 2027-Q1 2026-09-09 33 | |
| Nine percent of Q3 2026 revenue in non-USD currencies; fluctuations could reduce dollar equivalent revenue | 2027-Q1 2026-09-09 33 | |
| Limited historical experience with customer renewals for AI products and services | 2027-Q1 2026-09-09 33 | |
| Enterprise AI market acceptance and customer adoption rates remain uncertain | 2027-Q1 2026-09-09 33 | |
| Dual class structure excludes stock from Russell 2000, S&P indices reducing passive investment | 2027-Q1 2026-09-09 33 | |
| Trading price volatility from market fluctuations, retail trading, analyst coverage gaps | 2027-Q1 2026-09-09 33 | |
| Competition for skilled engineers, data scientists, and sales personnel is intense; recruiting is time-consuming | 2027-Q1 2026-09-09 33 | |
| Potential legal liability from AI system recommendations or analyses that prove deficient or inaccurate | 2027-Q1 2026-09-09 33 | |
| GAAP changes and complex assumptions (revenue recognition, impairments, tax matters) | 2027-Q1 2026-09-09 33 | |
| Must continuously integrate with third-party hardware and software; providers may limit access or favor competitors | 2027-Q1 2026-09-09 33 | |
| Intense competition from large cloud providers, commercial software providers, open-source solutions | 2027-Q1 2026-09-09 33 | |
| C3.ai: first mention in 8-K-EX99.1 earnings release of 2023-03-02 (2023-Q3), source 1 | ||
| Individual large sales represent material portion of revenue; loss of even single customer impacts results | 2027-Q1 2026-09-09 33 | |
| C3.ai: first mention in 10-K annual report of 2026-06-24 (FY2026), source 31 | ||
| C3 AI Software processes proprietary customer data on third-party cloud infrastructure; security breaches could disrupt operations and cause reputational harm. | = | |
| Increased scrutiny on environmental, employment, social, and governance matters; failure to meet expectations could impact reputation and employee retention. | = | |
| Multi-year non-cancellable agreements with cloud providers require minimum spend thresholds | = | |
| May require additional capital; future financing may not be available on favorable terms or at all. | = | |
| San Francisco Bay Area headquarters exposed to earthquakes, rising ocean levels, and wildfires; disaster recovery may be inadequate. | = | |
| Agreements with third-party software providers could be discontinued or modified unfavorably | = | |
| Third-party open-source software could expose company to claims of license non-compliance and IP infringement. | = | |
| Operations depend on third-party data center facilities in U.S., Asia, Europe; service lapses could cause lengthy interruptions. | = | |
| Terms of multi-year non-cancellable agreements could result in significant payments or penalties. | = | |
| If fail to maintain effective system of disclosure controls and internal control, ability to produce timely financial statements could be impaired. | = | |
| No dividend payments planned; returns depend entirely on stock price appreciation. | = | |
| Subscription revenue model makes short-term revenue increases difficult; impacts timing of profitability | = | |
| If fail to meet service-level commitments, could be obligated to provide credits or face contract terminations. | = | |
| Failure to develop and invest in marketing and sales capabilities could harm ability to increase customer base. | = | |
| Annual and quarterly results and key metrics likely to fluctuate significantly. | = | |
| Revenue depends in part on success of strategic relationships with third parties including channel partners. | = | |
| Restructuring and leadership transitions may harm ability to attract and retain personnel. | = | |
| Dual class structure concentrates voting control with Class B common stock holders. | = | |
| Restrictions on cross-border data transfers from EEA/UK to US could interrupt operations | = | |
| Sales to government entities subject to challenges including U.S. federal government shutdowns. | = | |
| SOX compliance increases legal, accounting, and financial compliance costs; limited experience as public company. | = | |
| Current C3 AI Software may not be widely accepted by customers or may require compensation to third parties. | = | |
| C3.ai: first mention in 10-Q quarterly report of 2026-03-11 (2026-Q3), source 28 | ||
| FCPA and anti-bribery laws; liability for third-party violations possible | = | |
| Gegenwärtige und zukünftige IP-Ansprüche könnten zu kostspieliger Klage führen | = | |
| Zwei putative Klagen 2022 und August 2025 wegen angeblicher Falschaussagen hängig | = | |
| Potential tariff increases or trade tensions could negatively impact operations. | FY2026 2026-06-24 31 | |
| C3.ai: first mention in 8-K-EX99.1 earnings release of 2026-02-25 (2026-Q3), source 27 | ||
| May not successfully execute restructuring plan or achieve expected benefits. | FY2026 2026-06-24 31 | |
| C3.ai: first mention in 10-Q quarterly report of 2025-12-09 (2026-Q2), source 26 | ||
| Customer agreements include IP indemnification provisions that could expose company to substantial liability. | = | |
| Company subject to IP infringement claims; litigation can be costly and dissuade customers. | = | |
| Decline in securities analyst coverage or unfavorable research could decrease stock demand and price. | = | |
| Trade secret laws and confidentiality agreements may not effectively prevent unauthorized disclosure. | = | |
| Inadequate protection of trademark rights could impair brand goodwill and business. | = | |
| C3.ai: first mention in 8-K-EX99.1 earnings release of 2025-12-03 (2026-Q2), source 25 | ||
| Long and unpredictable sales cycles with significant time and expense. | = | |
| C3.ai: first mention in 10-Q quarterly report of 2025-09-09 (2026-Q1), source 24 | ||
| Subject to Foreign Corrupt Practices Act and UK Bribery Act; anti-corruption law violations can result in criminal liability and reputational harm. | = | |
| Company holds 37 issued U.S. patents and 31 international patents; 68 U.S. and 113 international patent applications pending, expiring 2033-2045. | = | |
| C3.ai: first mention in 8-K-EX99.1 earnings release of 2025-09-03 (2026-Q1), source 23 | ||
| CEO transition from Siebel to Ehikian may disrupt strategy execution and organizational stability. | 2026-Q1 2025-09-09 24 | |
| C3.ai: first mention in 10-K annual report of 2025-06-23 (FY2025), source 21 | ||
| Company has history of losses since 2009 and may not achieve profitability | FY2026 2026-06-24 31 | |
| C3.ai: first mention in 10-Q quarterly report of 2025-03-07 (2025-Q3), source 19 | ||
| One U.S. government contract requires employee security clearances and DoW compliance; clearance delays could cause contract termination. | FY2026 2026-06-24 31 | |
| C3.ai: first mention in 10-Q quarterly report of 2024-12-10 (2025-Q2), source 17 | ||
| Subject to income tax audits and challenges by tax authorities; effective tax rate could fluctuate due to earnings distribution. | FY2026 2026-06-24 31 | |
| Legal proceedings and claims could result in substantial costs and management distraction. | FY2026 2026-06-24 31 | |
| C3.ai: first mention in 10-Q quarterly report of 2024-09-05 (2025-Q1), source 15 | ||
| Customer agreements include indemnification for IP infringement; large payments could harm business and results of operations. | FY2026 2026-06-24 31 | |
| C3.ai: first mention in 10-K annual report of 2024-06-18 (FY2024), source 13 | ||
| Government entities have statutory rights to terminate contracts for convenience; longer implementation cycles and lower payment flexibility | 2026-Q2 2025-12-09 26 | |
| Increasing legal and accounting expenses related to public company rules and regulations. | FY2026 2026-06-24 31 | |
| C3.ai: first mention in 10-Q quarterly report of 2024-02-29 (2024-Q3), source 11 | ||
| Insurance may not provide sufficient coverage for claims; insurers may deny coverage or increase costs. | FY2026 2026-06-24 31 | |
| C3.ai: first mention in 10-Q quarterly report of 2023-12-07 (2024-Q2), source 9 | ||
| Ransomware attacks by criminal actors and nation-states increasingly prevalent; extortion payments may be prohibited by law. | FY2026 2026-06-24 31 | |
| Supply-chain attacks increasing in frequency and severity; third-party partners may contain exploitable defects. | FY2026 2026-06-24 31 | |
| Short sellers may publish negative characterizations intended to drive down stock price and trigger regulatory inquiries. | FY2026 2026-06-24 31 | |
| Compliance with international data protection laws, consumer protection laws, and anti-corruption laws increases cost of operations. | FY2026 2026-06-24 31 | |
| Rapid technological change could make C3 AI Software obsolete or less competitive | FY2026 2026-06-24 31 | |
| Changes in accounting standards and subjective assumptions could adversely affect financial results. | FY2026 2026-06-24 31 | |
| C3.ai: first mention in 10-Q quarterly report of 2023-09-07 (2024-Q1), source 7 | ||
| Government sales subject to budget cycles, funding delays, federal shutdowns, complex compliance | FY2026 2026-06-24 31 | |
| Certificate of incorporation includes provisions that could prevent takeover attempts, limiting stockholder premium opportunity. | FY2026 2026-06-24 31 | |
| Competition for skilled personnel in data science, engineering, and AI development intense | FY2026 2026-06-24 31 | |
| AI algorithms may be flawed; datasets may have bias; AI outputs could produce false inferences | FY2026 2026-06-24 31 | |
| C3.ai: first mention in 10-K annual report of 2023-06-22 (FY2023), source 5 | ||
| Loss of CEO Thomas Siebel critical to strategy, culture, engineering, and sales | FY2026 2026-06-24 31 | |
| Mr. Siebel owns approximately 87.8% of Class B common stock with 50 votes per share, giving him approximately 49.6% voting power. | FY2026 2026-06-24 31 | |
| Subject to FCPA and anti-corruption laws; violations could result in criminal/civil liability, fines, and reputational harm. | FY2026 2026-06-24 31 | |
| Exclusive forum provisions in certificate limit stockholders' ability to choose judicial venue for disputes with company. | FY2026 2026-06-24 31 | |
| Patents may not effectively protect all significant features of C3 AI Software; trade secret protection relies on confidentiality agreements. | FY2026 2026-06-24 31 | |
| Decline in analyst coverage or unfavorable research could reduce stock price and trading volume. | FY2026 2026-06-24 31 | |
| Business could be disrupted by catastrophic events. | FY2026 2026-06-24 31 | |
| Federal shutdowns, labor shortages, supply chain disruptions, inflation, and capital market volatility impact business. | FY2026 2026-06-24 31 | |
| Provisions in constituent documents and Delaware law may prevent or frustrate stockholder attempts to change management. | FY2026 2026-06-24 31 | |
| Use of third-party open-source software could negatively affect ability to offer C3 AI Software. | FY2026 2026-06-24 31 | |
| Legal proceedings from customers or employees could result in substantial costs and management distraction. | 2026-Q2 2025-12-09 26 | |
| C3.ai: first mention in 10-Q quarterly report of 2023-03-03 (2023-Q3), source 2 | ||
| Limited acquisition experience; integration challenges could disrupt business and harm results of operations. | FY2026 2026-06-24 31 | |
| Operating losses and negative cash flows; may require additional capital for strategic initiatives. | FY2026 2026-06-24 31 | |
| Section 382 ownership changes could limit ability to utilize $1,044.5 million federal NOL carryforwards. | FY2026 2026-06-24 31 | |
| Uncertainty regarding sales tax nexus and indirect tax obligations for online businesses; tax authorities may challenge positions. | FY2026 2026-06-24 31 | |
| International expansion subject to different pricing, longer sales cycles, and longer payment cycles. | FY2026 2026-06-24 31 | |
| Security clearance requirements for DoD contracts; inability to maintain clearances could terminate classified contracts | 2026-Q2 2025-12-09 26 | |
| Company and officers sued in putative class action lawsuits alleging securities law violations in March 2022 and August 2025. | 2026-Q2 2025-12-09 26 | |
| Information technology systems or data could be compromised resulting in regulatory action or litigation. | FY2026 2026-06-24 31 | |
| If C3 AI fails to respond to rapid technological changes or develop new features, competitive ability could be impaired. | FY2026 2026-06-24 31 | |
| Ability to sell subscriptions could be harmed by material defects or errors in C3 AI Software. | FY2026 2026-06-24 31 | |
| If fail to develop and maintain brand and reputation cost-effectively, business may be adversely affected. | FY2026 2026-06-24 31 | |
C3.ai Reported KPIs (as disclosed) (360)
Figures C3.ai discloses itself in addition to the standard financials, such as order intake, recurring revenue or unit counts, as reported and with no calculation of our own. NadirAlpha methodology
| KPI | Value / change | Source |
|---|---|---|
| C3.ai, published 2026-09-09, period 2027-Q1 | ||
| subscription revenue pct | 94% | 33 |
| revenue non usd pct q3 | 9% | 33 |
| revenue non usd pct q3 | 6% | 33 |
| professional services revenue pct | 6% | 33 |
| prioritized engineering services pct of professional services | 55% | 33 |
| prioritized engineering services pct of professional services | 87% | 33 |
| marketable securities | 514.6 million | 33 |
| international sales locations | 10 | 33 |
| international revenue pct q1 | 20% | 33 |
| international revenue pct q1 | 9% | 33 |
| international revenue pct | 19% | 33 |
| Expenses non-USD pct | 10% | 33 |
| Expenses non-USD pct | 6% | 33 |
| Customer entities countries | more than 10 | 33 |
| Cash and equivalents | 136.4 million | 33 |
| Accumulated deficit | 1.9 billion | 33 |
| RPO non-cancellable commitments | 146.3 million | 33 |
| RPO deferred revenue | 53.7 million | 33 |
| RPO | 200.0 million | 33 |
| C3.ai, published 2026-09-02, period 2027-Q1 | ||
| Subscription revenue % of total revenue | 94% | 32 |
| Subscription revenue | $49.2 million | 32 |
| Non-GAAP gross margin | 50% | 32 |
| GAAP gross margin | 32% | 32 |
| Cash balance increase QoQ | $76 million | 32 |
| Cash balance | $651.1 million | 32 |
| Bookings increase QoQ | 73% | 32 |
| C3.ai, published 2026-06-24, period FY2026 | ||
| Total gross margin | 31% | 31 |
| Subscription revenue as % of total revenue | 91% | 31 |
| Subscription gross margin | 27% | 31 |
| Remaining Performance Obligations (RPO) | 203.1 million | 31 |
| Professional services revenue as % of total revenue | 9% | 31 |
| Professional Services Gross Margin | 72% | 31 |
| Marketable Securities | 509.3 million | 31 |
| International Revenue as % of Total Revenue | 11% | 31 |
| Initial Production Deployment Agreements | 71 | 31 |
| Cash and Cash Equivalents | 66.2 million | 31 |
| Accumulated Deficit | 1.8 billion | 31 |
| C3.ai, published 2026-06-03, period FY2026 | ||
| Total Revenue (FY2026) | 250.3 million | 30 |
| Subscription and Prioritized Engineering Services Revenue Combined % (Q4 FY2026) | 98% | 30 |
| Subscription and Prioritized Engineering Services Revenue Combined % (FY2026) | 98% | 30 |
| Subscription and Prioritized Engineering Services Revenue Combined (Q4 FY2026) | 50.5 million | 30 |
| Subscription and Prioritized Engineering Services Revenue Combined (FY2026) | 245.1 million | 30 |
| Subscription Revenue % of Total Revenue (Q4 FY2026) | 94% | 30 |
| Subscription Revenue % of Total Revenue (FY2026) | 91% | 30 |
| Subscription Revenue (Q4 FY2026) | 48.4 million | 30 |
| Subscription Revenue (FY2026) | 227.1 million | 30 |
| Non-GAAP Net Loss per Share (Q4 FY2026) | -0.33 | 30 |
| Non-GAAP Net Loss per Share (FY2026) | -1.35 | 30 |
| Non-GAAP Gross Margin (Q4 FY2026) | 37% | 30 |
| Non-GAAP Gross Margin (FY2026) | 46% | 30 |
| GAAP Net Loss per Share (Q4 FY2026) | -0.79 | 30 |
| GAAP net loss per share (FY2026) | -3.35 | 30 |
| GAAP gross margin (Q4 FY2026) | 22% | 30 |
| GAAP gross margin (FY2026) | 31% | 30 |
| Cash, cash equivalents, and marketable securities | 673 million | 30 |
| Cash, cash equivalents, and marketable securities (Q4 FY2026) | 575.4 million | 30 |
| C3.ai, published 2026-05-12, period FY2026 | ||
| Cash, Cash Equivalents, and Investments | 575.4 | 29 |
| C3.ai, published 2026-03-11, period 2026-Q3 | ||
| Subscription revenue % | 90% | 28 |
| Subscription revenue % | 90% | 28 |
| Subscription gross margin | 29% | 28 |
| Subscription gross margin | 11% | 28 |
| Professional services revenue % | 10% | 28 |
| Professional services revenue % | 10% | 28 |
| Professional services gross margin | 73% | 28 |
| Professional services gross margin | 74% | 28 |
| New customers subscription revenue | 29% | 28 |
| New customers subscription revenue | 37% | 28 |
| Net decrease in cash | -75.5 million | 28 |
| Net cash used in operating activities | -135.8 million | 28 |
| Net cash provided by investing activities | 51.2 million | 28 |
| Net cash provided by financing activities | 9.1 million | 28 |
| marketable securities | 533.1 million | 28 |
| International Revenue % | 9% | 28 |
| International Revenue % | 12% | 28 |
| Existing Customers Subscription Revenue | 71% | 28 |
| Existing Customers Subscription Revenue | 63% | 28 |
| Cash and Cash Equivalents | 88.8 million | 28 |
| Accumulated deficit | 1.7 billion | 28 |
| RPO Non-Cancellable Commitments (Undetermined) | 53.0 million | 28 |
| RPO non-cancellable commitments | 185.4 million | 28 |
| RPO deferred revenue | 40.0 million | 28 |
| RPO | 225.4 million | 28 |
| IPD Agreements Executed | 14 | 28 |
| IPD Agreements Executed | 50 | 28 |
| C3.ai, published 2026-02-25, period 2026-Q3 | ||
| Total Bookings Closed (Q3) | 44 agreements | 27 |
| Subscription and Prioritized Engineering Services Revenue Combined % | 97% | 27 |
| Subscription and Prioritized Engineering Services Revenue Combined | $51.5 million | 27 |
| Subscription Revenue % of Total Revenue | 90% | 27 |
| Subscription Revenue | $48.2 million | 27 |
| Non-GAAP Gross Margin | 37% | 27 |
| GAAP Gross Margin | 17% | 27 |
| Federal, Defense and Aerospace Bookings % of Total | 55% | 27 |
| Federal, Defense and Aerospace Bookings Growth | 134% | 27 |
| Cash, Cash Equivalents, and Marketable Securities | $621.9 million | 27 |
| C3 Generative AI Initial Production Deployment Agreements | 6 | 27 |
| C3 Generative AI Agreements Closed (Q3) | 8 agreements | 27 |
| C3.ai, published 2025-12-09, period 2026-Q2 | ||
| Subscription revenue, new customers (Q1 FY2026) | 37% | 26 |
| Subscription revenue, new customers (Q1 FY2025) | 24% | 26 |
| Subscription revenue, new customers (H1 FY2026) | 29% | 26 |
| Subscription revenue, new customers (H1 FY2025) | 19% | 26 |
| Subscription revenue % of total revenue (Q1 FY2026) | 93% | 26 |
| Subscription revenue % of total revenue (Q1 FY2025) | 86% | 26 |
| Subscription revenue % of total revenue (H1 FY2026) | 90% | 26 |
| Subscription revenue % of total revenue (H1 FY2025) | 85% | 26 |
| Remaining Performance Obligations (RPO) | 232.5 million | 26 |
| RPO (non-cancellable commitments) | 197.8 million | 26 |
| RPO (deferred revenue component) | 34.7 million | 26 |
| Professional services revenue % of total revenue (Q1 FY2026) | 7% | 26 |
| Professional services revenue % of total revenue (Q1 FY2025) | 14% | 26 |
| Professional services revenue % of total revenue (H1 FY2026) | 10% | 26 |
| Professional services revenue % of total revenue (H1 FY2025) | 15% | 26 |
| Marketable securities | 571.8 million | 26 |
| International revenue % of total revenue (Q1 FY2026) | 5% | 26 |
| International revenue % of total revenue (Q1 FY2025) | 13% | 26 |
| International revenue % of total revenue (H1 FY2026) | 7% | 26 |
| International revenue % of total revenue (H1 FY2025) | 13% | 26 |
| Initial Production Deployment agreements executed (Q1 FY2026) | 20 | 26 |
| Initial Production Deployment agreements executed (Q1 FY2025) | 36 | 26 |
| Cash and cash equivalents | 103.2 million | 26 |
| Accumulated deficit | 1.6 billion | 26 |
| C3.ai, published 2025-12-03, period 2026-Q2 | ||
| YoY increase in qualified pipeline with Microsoft | 146% | 25 |
| YoY increase in joint qualified pipeline with AWS | 172% | 25 |
| Total bookings increase QoQ | 49% | 25 |
| Total bookings driven through partner ecosystem | 89% | 25 |
| Subscription revenue as % of total revenue | 93% | 25 |
| Subscription and Prioritized Engineering Services Revenue as % of total revenue | 99% | 25 |
| Subscription and Prioritized Engineering Services Revenue Combined | $74.2 million | 25 |
| Subscription Revenue | $70.2 million | 25 |
| Non-GAAP net loss per share | $(0.25) | 25 |
| Non-GAAP gross margin | 54% | 25 |
| New and expanded agreements for C3 Generative AI in Q2 | 8 | 25 |
| Joint 12-month qualified opportunity pipeline increase YoY (partners) | 108% | 25 |
| GAAP net loss per share | $(0.75) | 25 |
| GAAP gross margin | 40% | 25 |
| Federal bookings as % of total bookings | 45% | 25 |
| Federal bookings YoY growth | 89% | 25 |
| Customer agreements jointly closed with Microsoft (12-month period) | 100+ | 25 |
| Cash, cash equivalents, and marketable securities | $675.0 million | 25 |
| C3 AI bookings from Microsoft partnership (12-month period) | $130 million | 25 |
| Agreements jointly closed with Microsoft in Q2 | 24 | 25 |
| Agreements jointly closed with AWS in Q2 | 9 | 25 |
| Agreements greater than $5 million | 6 | 25 |
| Agreements greater than $1 million | 17 | 25 |
| Agreements closed with partner network | 38 | 25 |
| C3.ai, published 2025-09-09, period 2026-Q1 | ||
| Remaining Performance Obligations (RPO) | 223.2 million | 24 |
| Marketable securities | 631.0 million | 24 |
| Initial Production Deployment agreements | 28 | 24 |
| Cash and cash equivalents | 80.9 million | 24 |
| Accumulated deficit | 1.5 billion | 24 |
| C3.ai, published 2025-09-03, period 2026-Q1 | ||
| Total cash, cash equivalents, and marketable securities | $711.9 million | 23 |
| Subscription revenue % of total revenue | 86% | 23 |
| Subscription revenue | $60.3 million | 23 |
| Subscription and Prioritized Engineering Services % of total revenue | 98% | 23 |
| Subscription and Prioritized Engineering Services Revenue Combined | $69.0 million | 23 |
| Non-GAAP gross margin | 52% | 23 |
| Marketable securities | $630,957 | 23 |
| GAAP gross margin | 38% | 23 |
| Cash and cash equivalents | $80,941 | 23 |
| C3.ai, published 2025-08-11, period 2026-Q1 | ||
| Cash and equivalents | $711.9 million | 22 |
| C3.ai, published 2025-06-23, period FY2025 | ||
| Revenue recognized C3 IoT 2016-2018 | $120.4 million | 21 |
| Revenue recognized C3 Energy period | $63.9 million | 21 |
| Revenue recognized C3.ai 2019-2025 | $1.7 billion | 21 |
| Pending US patent applications | 60 | 21 |
| Pending international patent applications | 104 | 21 |
| Partner agreements closed | 192 | 21 |
| Issued US patents | 35 | 21 |
| Issued international patents | 30 | 21 |
| Generative AI applications | 60 | 21 |
| Generative AI agreements | 13 | 21 |
| Contracts booked C3 IoT 2016-2018 | approximately $203 million | 21 |
| Contracts booked C3 Energy period | approximately $83 million | 21 |
| Contracts booked C3.ai 2019-2025 | over $1.8 billion | 21 |
| Baker Hughes revenue commitment original | $320 million | 21 |
| Baker Hughes revenue commitment October | $495 million | 21 |
| Baker Hughes revenue commitment June | $450 million | 21 |
| Baker Hughes incremental booking January | $32.5 million | 21 |
| AI production applications | 165 | 21 |
| Total Revenue | 389,056 | 21 |
| Total gross margin | 61% | 21 |
| Subscription Revenue as Percentage of Total | 84% | 21 |
| Subscription Revenue | 327,630 | 21 |
| Subscription gross margin | 56% | 21 |
| RPO (Remaining Performance Obligations) | 235.1 million | 21 |
| Professional Services Revenue as Percentage of Total | 16% | 21 |
| Professional Services Revenue | 61,426 | 21 |
| Professional Services Gross Margin | 85% | 21 |
| Net Loss | -288,702 | 21 |
| Marketable Securities | 578.3 million | 21 |
| International Revenue Percentage | 14% | 21 |
| Initial Production Deployment Count | 174 | 21 |
| Free Cash Flow | -44,446 | 21 |
| Cash and Cash Equivalents | 164.4 million | 21 |
| Accumulated Deficit | 1.4 billion | 21 |
| C3.ai, published 2025-05-28, period FY2025 | ||
| U.S. Air Force contract ceiling (original) | $100 million | 20 |
| U.S. Air Force contract ceiling (increased) | $450 million | 20 |
| U.S. Air Force contract ceiling (additional scope) | $350 million | 20 |
| Total cash, cash equivalents and marketable securities | 742.7 million | 20 |
| Total agreements closed (FY2025) | 264 | 20 |
| Subscription revenue percentage of total revenue (Q4 FY2025) | 80% | 20 |
| Subscription revenue percentage of total revenue (FY2025) | 84% | 20 |
| Subscription and prioritized engineering services combined % (Q4 FY2025) | 96% | 20 |
| Subscription and prioritized engineering services combined % (FY2025) | 95% | 20 |
| State and Local Government revenue growth (FY2025) | 100% | 20 |
| Qualified opportunity pipeline growth (FY2025) | 37% | 20 |
| Partner supported bookings growth (Q4 FY2025) | 419% | 20 |
| Partner network % of total agreements (FY2025) | 73% | 20 |
| Partner network agreements (Q4 FY2025) | 59 | 20 |
| Partner network agreements (FY2025) | 193 | 20 |
| Non-Oil & Gas revenue growth (FY2025) | 48% | 20 |
| Marketable securities | 578,330 | 20 |
| Initial production deployment agreements (Q4 FY2025) | 36 | 20 |
| Initial production deployment agreements (FY2025) | 174 | 20 |
| Industries with C3 AI revenue (FY2025) | 19 | 20 |
| Federal sector % of total bookings (FY2025) | 20% | 20 |
| Federal sector agreements (FY2025) | 51 | 20 |
| Cash and cash equivalents | 164,358 | 20 |
| C3 Generative AI revenue growth (FY2025) | 100% | 20 |
| C3 Generative AI initial production deployment agreements (Q4 FY2025) | 14 | 20 |
| C3 Generative AI initial production deployment agreements (FY2025) | 66 | 20 |
| Agreements closed (Q4 FY2025) | 69 | 20 |
| C3.ai, published 2025-03-07, period 2025-Q3 | ||
| Total Revenue | $98,782 | 19 |
| Subscription Revenue | $85,679 | 19 |
| RPO | $208,165 | 19 |
| Professional Services Revenue | $13,103 | 19 |
| Pilots and Trials Executed | 50 | 19 |
| C3.ai, published 2025-02-26, period 2025-Q3 | ||
| Total Agreements Closed | 66 | 18 |
| Subscription and Prioritized Engineering Services Revenue Combined % | 93% | 18 |
| Subscription Revenue Percentage | 87% | 18 |
| State and Local Government Agreements | 21 | 18 |
| Pilot Agreements | 50 | 18 |
| Microsoft Agreements Closed | 28 | 18 |
| Joint Sales Campaigns with Microsoft | 621 | 18 |
| Joint Qualified Opportunity Pipeline with Microsoft | 244% | 18 |
| GAAP Gross Margin | 59% | 18 |
| Cash Balance | $724.3 million | 18 |
| C3 Generative AI Pilots Closed | 20 | 18 |
| Agreements Through Partner Network | 47 | 18 |
| C3.ai, published 2024-12-10, period 2025-Q2 | ||
| Remaining Performance Obligations | 260.5 million | 17 |
| Pilots and Trials Executed | 36 | 17 |
| Marketable Securities | 609.1 million | 17 |
| Cash and Cash Equivalents | 121.3 million | 17 |
| Accumulated Deficit | 1.2 billion | 17 |
| C3.ai, published 2024-12-09, period 2025-Q2 | ||
| U.S. Army Award Value | 23 million | 16 |
| Total Agreements Closed | 58 | 16 |
| Subscription revenue % of total revenue | 86% | 16 |
| Subscription revenue | 81.2 million | 16 |
| Subscription and Prioritized Engineering Services Revenue Combined | 90.8 million | 16 |
| Subscription and Prioritized Engineering Services as Percentage of Total Revenue | 96% | 16 |
| Pilot Agreements Included | 36 | 16 |
| Partner Agreements Closed in Q2 | 62% | 16 |
| Google Cloud and C3 AI Joint Agreements Growth Year-over-Year | more than 180% | 16 |
| Google Cloud and C3 AI Joint Agreements Closed | 20 | 16 |
| Cash balance | 730.4 million | 16 |
| C3 Generative AI Pilots Closed in Q2 | 15 | 16 |
| C3.ai, published 2024-09-05, period 2025-Q1 | ||
| Total Revenue | $87,213 | 15 |
| Total gross margin | 60% | 15 |
| Subscription revenue | $73,456 | 15 |
| Subscription gross margin | 55% | 15 |
| RPO | $204.5 million | 15 |
| Professional services revenue | $13,757 | 15 |
| Professional services gross margin | 87% | 15 |
| Pilot and trial count | 52 | 15 |
| International revenue percentage | 13% | 15 |
| Customer Engagement | 551 | 15 |
| C3.ai, published 2024-09-04, period 2025-Q1 | ||
| Subscription revenue % of total revenue | 84% | 14 |
| Subscription revenue | $73.5 million | 14 |
| State and Local Government agreements closed with Google Cloud | 24 | 14 |
| Pilots closed in Q1 | 52 | 14 |
| Partner supported bookings growth | 94% | 14 |
| Partner agreements as percentage of total agreements | 72% | 14 |
| Google Cloud joint agreements closed | 40 | 14 |
| Federal business percentage of Q1 bookings | over 30% | 14 |
| Cash reserves | $762.5 million | 14 |
| C3 Generative AI pilots closed in Q1 | 17 | 14 |
| Agreements closed in Q1 | 71 | 14 |
| C3.ai, published 2024-06-18, period FY2024 | ||
| Total Revenue | 86,590 | 13 |
| RPO | 244,304 | 13 |
| Pilots and trials executed | 123 | 13 |
| Customer Engagement | 487 | 13 |
| Average selling price | 894 | 13 |
| C3.ai, published 2024-05-29, period FY2024 | ||
| Total agreements closed FY24 | 191 | 12 |
| Subscription Revenue as % of total revenue | 92% | 12 |
| Subscription Revenue | $79.9 million | 12 |
| Positive free cash flow | $18.8 million | 12 |
| Platform-driven bookings percentage | 12% | 12 |
| Pilot agreements closed FY24 | 123 | 12 |
| Partner-supported agreements FY24 | 115 | 12 |
| Industries with adopted Enterprise AI applications | 19 | 12 |
| Holcim production facilities | 31 | 12 |
| Holcim monitored sensors | 3,000 | 12 |
| GAAP gross margin | 60% | 12 |
| Full Year Subscription Revenue as % of total revenue | 90% | 12 |
| Full Year Subscription Revenue | $278.1 million | 12 |
| Full Year Non-GAAP gross margin | 69% | 12 |
| Full Year GAAP gross margin | 57% | 12 |
| Fourth quarter pilot agreements | 34 | 12 |
| Fourth quarter agreements closed | 47 | 12 |
| Fourth quarter C3 Generative AI pilots | 13 | 12 |
| Federal agreements closed FY24 | 65 | 12 |
| Con Edison smart meters deployed | 5.3 million | 12 |
| Con Edison customers served | approximately 10 million | 12 |
| Cash Reserves | $750.4 million | 12 |
| C3 Generative AI pilot industries | 15 | 12 |
| C3 Generative AI pilot agreements FY24 | 58 | 12 |
| Applications-Driven Bookings % | 88% | 12 |
| C3.ai, published 2024-02-29, period 2024-Q3 | ||
| Subscription Revenue % | 90% | 11 |
| RPO | $286.9 million | 11 |
| Customer Engagement | 445 | 11 |
| C3.ai, published 2024-02-28, period 2024-Q3 | ||
| Subscription Revenue YoY Growth | 23% | 10 |
| Subscription Revenue | $70.4 million | 10 |
| Qualified Opportunity Pipeline YoY Growth | 73% | 10 |
| Partner-Supported Bookings YoY Growth | 337% | 10 |
| Partner-Supported Bookings QoQ Growth | 62% | 10 |
| Partner Agreements Closed | 27 | 10 |
| New Pilots YoY Growth | 71% | 10 |
| New Pilots | 29 | 10 |
| Federal Revenue YoY Growth | over 100% | 10 |
| Federal Bookings YoY Growth | 85% | 10 |
| Customer Engagement YoY Growth | 80% | 10 |
| Customer Engagement | 445 | 10 |
| Cash Reserves | $723.3 million | 10 |
| C3 Generative AI Pilots Closed | 17 | 10 |
| Agreements Closed YoY Growth | 85% | 10 |
| Agreements Closed | 50 | 10 |
| C3.ai, published 2023-12-07, period 2024-Q2 | ||
| subscription revenue pct | 91% | 9 |
| professional services revenue pct | 9% | 9 |
| RPO | $303.6 million | 9 |
| Customer Engagement | 404 | 9 |
| C3.ai, published 2023-12-06, period 2024-Q2 | ||
| Subscription Revenue | $66.4 million | 8 |
| Pilot Agreements | 36 | 8 |
| Partner Qualified Opportunity Pipeline Growth | 75% | 8 |
| Partner Network Agreements Closed | 40 | 8 |
| Generative AI Qualified Pipeline | over 225 | 8 |
| Generative AI Pilots | 20 | 8 |
| Federal Bookings Growth | nearly 187% | 8 |
| Customer Engagement | 404 | 8 |
| Cash, Cash Equivalents and Investments | $762.3 million | 8 |
| C3.ai, published 2023-09-07, period 2024-Q1 | ||
| Subscription Revenue as Percentage of Total | 85% | 7 |
| Remaining Performance Obligations (RPO) | 334.6 million | 7 |
| RPO Non-cancellable Contracts | 293.6 million | 7 |
| RPO Deferred Revenue | 41.0 million | 7 |
| Professional Services as % of Total | 15% | 7 |
| Investments | 603.1 million | 7 |
| International Revenue Percentage | 15% | 7 |
| Customer Engagement (prior year) | 223 | 7 |
| Customer Engagement | 334 | 7 |
| Cash and Cash Equivalents | 206.4 million | 7 |
| Cancellable Backlog | 46.4 million | 7 |
| Average Sales Cycle Length | 3.7 months | 7 |
| Accumulated Deficit | (874.6) million | 7 |
| C3.ai, published 2023-09-06, period 2024-Q1 | ||
| Subscription Revenue % of Total | 85% | 6 |
| Subscription Revenue | $61.4 million | 6 |
| GAAP RPO | $334.6 million | 6 |
| GAAP Gross Margin | 56% | 6 |
| Federal Bookings Growth | 39% | 6 |
| Current RPO | $170.6 million | 6 |
| Cash Balance | $809.6 million | 6 |
| C3 Generative AI Total Closed Agreements to Date | 12 | 6 |
| C3 Generative AI Pipeline | 140+ | 6 |
| C3 Generative AI Closed Agreements | 8 | 6 |
C3.ai Development
The business development of C3.ai period by period up to Q1 FY2027, each text from the original report of that period, source numbers lead to the source. NadirAlpha methodology
FY2027: C3.ai
C3.ai reported Q1 FY2027 revenue of 52.4M, with subscription revenue accounting for 94% of total 32. The net loss narrowed to 92.8M compared to $116.8M in the prior-year quarter, while free cash flow turned positive at 2.1M versus negative $33.5M in Q1 FY2025 33. The non-GAAP operating loss improved 33% quarter over quarter to 36.2M, supported by a 24% decrease in operating expenses to $114.9M following a restructuring plan approved in February 2026 32 33. C3.ai closed 22 agreements in the quarter, including with Heidelberg Materials, Ford, Johnson & Johnson, Holcim, and U.S. government agencies, and reported bookings growth of 73% quarter over quarter 32.
FY2026: C3.ai
C3.ai reported full-year fiscal 2026 revenue of 250.3 million, lower than $389.1 million in fiscal 2025, with the company attributing the decline to disruption from a global sales and services restructuring, health limitations affecting the executive chairman, and unsatisfactory execution 31. GAAP gross margin fell to 31% from 61% in the prior year, and subscription revenue declined 31% to $227.1 million while professional services revenue declined 62% to $23.2 million 31. The full-year net loss widened to 470.4 million from $288.7 million in fiscal 2025 30. C3.ai underwent two CEO transitions during the year: Stephen Ehikian succeeded Thomas Siebel effective September 1, 2025, before Siebel resumed the role effective May 8, 2026 23 29. In February 2026, the board approved a restructuring plan targeting approximately $135 million in annualized non-GAAP operating expense reductions including a 26% global workforce reduction, with cash and marketable securities standing at $575.4 million at fiscal year-end 28 29.
FY2025: C3.ai
C3.ai grew full-year FY2025 revenue to 389.1 million, up 25% from the prior year, with subscription revenue comprising 84% of the total and professional services growing 89% year-over-year; the company executed 264 total agreements in FY2025, up 38% year-over-year, with partner network agreements up 68% year-over-year and representing 73% of total agreements 20 21. GAAP gross margin improved to 61% from 57% for the full year, primarily driven by higher subscription margin and an increased mix of demonstration license revenue 21. C3.ai reported a net loss of 288.7 million for the year and an operating cash outflow of 41.4 million, an improvement from $62.4 million in the prior year 21. C3 Generative AI revenue grew more than 100% in FY2025, non-Oil & Gas revenue grew 48% year-over-year, and State and Local Government revenue grew more than 100% 20. C3.ai expanded its strategic alliance network with Microsoft, AWS, McKinsey & Company, PwC, and Baker Hughes, and the U.S. Air Force Rapid Sustainment Office raised its PANDA contract ceiling from $100 million to $450 million through October 2029 20 21.
FY2024: C3.ai
C3.ai reported full-year FY2024 total revenue of 310.6 million, up 16% year-over-year and exceeding the top end of guidance, with subscription revenue growing 21% to $278.1 million and federal revenue more than doubling 12 13. The full-year GAAP net loss per diluted share was -2.34 compared to $(2.45) in the prior year, while the non-GAAP net loss per diluted share was -0.47 versus $(0.42) in FY2023 12. Gross margin declined to 57% in FY2024 from 68% in FY2023, primarily due to higher personnel-related costs and stock-based compensation in subscription operations 13. C3.ai closed 191 total agreements in FY24, up 52% year-over-year, including 123 pilots up 151% year-over-year, with 88% of FY24 bookings driven by application sales 12. For FY2025, the company expects approximately 23% revenue growth 12.
FY2023: C3.ai
C3.ai posted full-year revenue of USD 266.8 million in fiscal year 2023, growing 6% over fiscal year 2022 5, with subscription revenue growing 11% to $230.4 million and representing 86% of total revenue 4. C3.ai transitioned from a subscription-based to a consumption-based pricing model for new customers beginning in Q2 FY2023, which the company cited as a driver of lower professional services revenue and a gross margin decline from 75% to 68%, primarily driven by a decline in subscription margin 5. The full-year GAAP net loss was USD 268.8 million with diluted loss per share of 2.45, while the non-GAAP net loss per share was 0.42, compared with $(0.73) in FY 2022 4. C3 AI ended the fiscal year with over $800 million in cash, cash equivalents, and investments 4, and generated positive free cash flow in Q4 FY2023 3.
Glossary
- Revenue: Revenue from contracts with customers, net of sales deductions, as the company itself reports it; not total output, gross revenue, GMV or order intake.
- Op. income: The operating line of the income statement; EBIT only as a marked fallback, never pre-tax or ordinary income.
- Op. income (adj.): Adjusted operating income, verbatim and company-defined (non-GAAP), never derived.
- Net income: Net income attributable to the shareholders of the parent, after discontinued operations; not the result including minority interests, not comprehensive income.
- EPS: Diluted earnings per share attributable to the shareholders of the parent; a printed figure always beats a calculated one, calculated values are marked.
- EPS adj.: Adjusted earnings per share, verbatim and company-defined (non-GAAP).
- FCF: Free cash flow = operating cash flow minus capital expenditure on property, plant and equipment; the company's own free cash flow figure is shown separately.
- OCF: Cash flow from operating activities as reported; IFRS companies may show interest paid in financing cash flow, so the figure is not always comparable.
- Cash: Cash and cash equivalents, without securities unless the company reports them as part of the position.
- *: derived, the formula is in the hover
- ≈: calculated, approximation
- ~: uncertain; the value stays visible, verdicts do not use it
- °: repaired by a targeted query against the document, or curated with documentary evidence
- EBIT: EBIT as a fallback: the income statement carries no operating line
- basic: basic earnings per share as a fallback when diluted is missing
Sources: quarterly reports, annual reports and investor relations documents
The evidence base for C3.ai stock: every document with type and date, every figure in the report leads here by number and to the original by link. NadirAlpha methodology
Older sources (+8)
| # | Document type | Published |
|---|---|---|
| #201 | 10-Q quarterly report | 2021-03-02 |
| #205 | 10-Q quarterly report | 2021-03-02 |
| #206 | 10-K annual report | 2021-03-02 |
| #202 | 10-K annual report | 2021-06-25 |
| #203 | 10-Q quarterly report | 2021-09-02 |
| #207 | 10-Q quarterly report | 2021-09-02 |
| #204 | 10-Q quarterly report | 2021-12-02 |
| #208 | 10-Q quarterly report | 2021-12-02 |
C3.ai Stock FAQ
Is there a management forecast (guidance) for FY2027?
Yes. Management has issued targets for FY2027, including Non-GAAP loss from operations. The guidance tracking chapter shows all targets and checks them against the actuals reported later; neutral, with no estimate of our own.
Which additional key figures does C3.ai report?
As reported for Q1 FY2027 (May to Jul 2026): RPO, Subscription revenue, GAAP gross margin, Subscription revenue % of total revenue, Non-GAAP gross margin, RPO deferred revenue. The chapter Reported KPIs lists every value with its source. Revenue is broken down by Agriculture, Chemicals, Energy and Utilities, Federal, Defense and Aerospace.
Where can I find the official investor relations documents of C3.ai?
NadirAlpha links all 41 original filings used (SEC filings) in the sources chapter: earnings release, quarterly report, annual report, each with type, publication date and a direct link; every figure in the report carries a source number.