C3.ai, Inc.

Listed Company

AICIK 0001577526NYSELarge AcceleratedServices-Prepackaged SoftwareDelawareFRFY ends Apr 30

Period

FY 2025

Revenue

$389.06M

Net Income

$-288.70M

Total Assets

$1.03B

Equity

$838.30M

Shares Out

3.50M

Op. Cash Flow

$-41.41M

Business

C3.ai, Inc. provides enterprise artificial intelligence software and platforms for organizations to build, deploy, and operate large-scale AI and machine learning applications. Its main offerings include the C3 AI Software suite and the C3 Agentic AI Platform, delivered primarily through subscription-based software and associated usage offerings. The company organizes its business around its AI platform and subscription offerings (including implementation and support related to platform deployment). It sells its solutions to customers in the United States and internationally through direct sales and partner channels.

Summary from filing dated 2025-06-23

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-04-30	FY 2024 2024-04-30	FY 2023 2023-04-30	FY 2022 2022-04-30	FY 2021 2021-04-30
Total revenue	389	311	267	253	183
Total cost of revenue	153	132	86	64	45
Gross profit	236	179	180	189	139
Sales and marketing	240	214	183	174	97
Research and development	226	201	211	151	69
General and administrative	94	81	77	61	33
Total operating expenses	560	497	471	385	199
Loss from operations	−324	−318	−290	−196	−60
Interest income	36	40	22	2	1
Other income (expense), net	509,000	−641,000	350,000	3	4
Loss before provision for income taxes	−288	−279	−268	−191	−55
Provision for income taxes	976,000	792,000	675,000	789,000	704,000
Net loss	−289	−280	−269	−192	−56
Net loss per share attributable to Class A and B common stockholders, basic (in dollars per share)	−2.24	−2.34	−2.45	−1.84	—
Net loss per share attributable to Class A and B common stockholders, diluted (in dollars per share)	−2.24	−2.34	−2.45	−1.84	—
Weighted-average shares used in computing net loss per share attributable to Class A and Class B common stockholders, basic (in shares)	129	119	110	104	—
Weighted-average shares used in computing net loss per share attributable to Class A and Class B common stockholders, diluted (in shares)	129	119	110	104	—

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-04-30	FY 2024 2024-04-30	FY 2023 2023-04-30	FY 2022 2022-04-30	FY 2021 2021-04-30
Cash and cash equivalents	164	167	285	340	115
Marketable securities	578	583	446	—	—
Accounts receivable, net of allowance of $877 and $359 as of April 30, 2025 and 2024, respectively	137	130	135	80	65
Prepaid expenses and other current assets	24	24	23	20	14
Total current assets	904	904	889	1,060	1,173
Property and equipment, net	79	89	85	15	6
Goodwill	625,000	625,000	625,000	625,000	625,000
Other assets, non-current	42	45	48	63	17
Total assets	1,026	1,038	1,103	1,171	1,196
Accounts payable	15	11	25	54	12
Accrued compensation and employee benefits	54	44	47	32	22
Deferred revenue, current	37	37	48	49	72
Accrued and other current liabilities	26	10	17	15	18
Total current liabilities	132	102	136	150	124
Deferred revenue, non-current	0	2	4,000	288,000	3
Other long-term liabilities	56	61	37	31	8
Total liabilities	188	165	173	181	135
Commitments and contingencies (note 7)	—	—	—	—	—
Additional paid-in capital	2,216	1,964	1,740	1,533	1,410
Accumulated other comprehensive income (loss)	521,000	−563,000	−385,000	−2	81,000
Accumulated deficit	−1,379	−1,090	−810	−541	−349
Total stockholders equity	838	873	930	989	1,061
Total liabilities and stockholders equity	1,026	1,038	1,103	1,171	1,196

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-04-30	FY 2024 2024-04-30	FY 2023 2023-04-30	FY 2022 2022-04-30	FY 2021 2021-04-30
Depreciation and amortization	13	13	6	5	4
Non-cash operating lease cost	358,000	742,000	7	4	3
Stock-based compensation expense	231	216	217	113	22
Accretion of discounts on marketable securities	−13	−17	−5	2	—
Other	3	98,000	249,000	−164,000	−180,000
Accounts receivable	−9	5	−55	−14	−35
Prepaid expenses, other current assets and other assets	2	3	−576,000	−15	−15
Accounts payable	4	−13	−22	34	7
Accrued compensation and employee benefits	9	−6	3	10	8
Operating lease liabilities	450,000	17	14	−3	−4
Other liabilities	11	8	−11	−6	12
Deferred revenue	−2	−9	−1	−26	15
Net cash used in operating activities	−41	−62	−116	−86	−38
Purchases of property and equipment	−3	−25	−71	−4	−2
Capitalized software development costs	0	−3	−1	−500,000	0
Purchases of investments	−647	−828	−745	−796	−1,152
Maturities and sales of investments	666	789	877	1,118	386
Net cash provided by (used in) investing activities	16	−67	60	317	−767
Taxes paid related to net share settlement of equity awards	−9	−13	−7	0	0
Proceeds from issuance of Class A common stock under employee stock purchase plan	11	11	3	0	0
Proceeds from exercise of Class A common stock options	20	14	4	21	17
Net cash provided by financing activities	22	11	621,000	6	887
Net decrease in cash, cash equivalents and restricted cash	−3	−118	−55	236	83
Supplemental disclosure of cash flow information - cash paid for income taxes	920,000	975,000	578,000	939,000	550,000
Purchases of property and equipment included in accounts payable and accrued liabilities	311,000	474,000	14	9	212,000
Right-of-use assets obtained in exchange for lease obligations (including remeasurement of right-of-use assets and lease liabilities due to changes in the timing of receipt of lease incentives)	1	2	−6	27	0
Right-of-use assets obtained in exchange for lease obligations arising from lease modifications	0	0	3	2	0
Unpaid liabilities related to intangible purchases	0	0	2	3	0
Receivable from exercise of stock options included in prepaid expenses, other current assets and other assets	0	3,000	61,000	29,000	0
Vesting of early exercised stock options	195,000	507,000	1	3	3

Filings

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