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C3.ai Inc

c3.ai

C3.ai Inc (NYSE: AI) is an enterprise AI application software company that builds and sells software applications enabling organizations to develop, deploy, and operate large-scale AI applications. Revenue comes from software subscriptions and services tied to three product families: the C3 Agentic AI Platform, C3 AI Applications, and C3 Generative AI, deployed on public cloud, private cloud, hybrid, or on-premises infrastructure. The company competes against larger technology vendors that can outspend it on development and distribution, and faces pricing pressure from competitors with different go-to-market models. C3.ai was founded in the early 21st century context of model-driven architecture development and operates on a fiscal year ending April 30. As of FY2025 (fiscal year ended April 30, 2025), the company has not declared or paid dividends and retains earnings for operations and expansion. Customers have developed and deployed almost two-thirds of the applications running on the C3 Agentic AI Platform as of the FY2025 10-K filing dated June 23, 2025.

Products & Services

C3 Agentic AI Platform (core model-driven application development and runtime environment), C3 AI Applications (prebuilt enterprise AI applications built on the platform), and C3 Generative AI. All three are collectively referred to as C3 AI Software per the FY2025 10-K.

Revenue Model

Software subscription and services revenue from enterprise customers using the C3 Agentic AI Platform, C3 AI Applications, and C3 Generative AI offerings, deployable on major public clouds, private cloud, hybrid environments, or on-premises servers.

Customers & Markets

Enterprise customers across industries deploying large-scale AI and IoT applications. Customers are active co-developers on the platform, having built and deployed nearly two-thirds of production applications running on the C3 Agentic AI Platform as of the FY2025 10-K.

Financial Snapshot

Revenue
TTM
$250.3M
Gross Margin
TTM
29.34%
Net Income
TTM
-$470.4M
Current Assets
2026 Q2
$708.0M
Current Liabilities
2026 Q2
$106.6M
Current Ratio
2026 Q2
664.31%
Total Assets
2026 Q2
$816.3M
Total Liabilities
2026 Q2
$162.5M
Book Value
2026 Q2
653.8M
Cash
2026 Q2
$66.20M
P/E
Last 4 Quarters
N/A
Free Cash Flow
TTM
-$192.1M

Stock Price

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Market Cap: $1.3599 Billion

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