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C3.ai, Inc. AI R2KAI

Technology · Software - Infrastructure · United States
https://www.c3.ai
Company Profile ↓
$9.15
-65.86% 1Y
Mkt Cap$1.30B
P/E-2.73
P/B2.18
52W High$29.16
52W Low$7.76
Book Value$4.99
EPS (TTM)$-3.35

Company Overview

C3.ai, Inc. operates as an enterprise artificial intelligence application software company. The company offers C3 agentic AI platform, an application development and runtime environment that enables customers to design, develop, and deploy enterprise AI applications; C3 AI CRM Suite, a customer relationship management solution; C3 Generative AI that enables to locate, retrieve, present information, disparate data stores, applications, and enterprise information systems; C3 AI Health Suite to accelerate healthcare innovation; and C3 AI Financial Services Suite. Its C3 AI Applications include C3 AI Asset Performance suite, which consists of C3 AI Reliability, C3 AI Process Optimization, and C3 AI Energy Management applications. The company's C3 AI Supply Chain Suite comprises C3 AI Supply Network Risk, C3 AI Inventory Optimization, C3 AI Demand Forecasting, C3 AI Production Schedule Optimization, and C3 AI Sourcing Optimization solutions; C3 AI Sustainability Suite includes C3 AI ESG and C3 AI Energy Management applications to decrease greenhouse gas emissions; and C3 AI Defense & Intelligence Suite. It provides C3 AI State and Local Government Suite that includes various applications, such as C3 Law Enforcement for state, county, and municipal law enforcement agencies; C3 AI Residential Property Appraisal and C3 AI Commercial Property Appraisal for county property assessors and appraisers; and C3 Generative AI for Government Programs and C3 Generative AI for Constituent Services for federal, state, and local governments. It has strategic partnerships with Microsoft Azure, AWS, Google Cloud, McKinsey & Company, Baker Hughes, Booz Allen, and others. The company has a strategic alliance with SMX Group, LLC for the development of mission critical AI in the secure environments. The company was formerly known as C3 IoT, Inc. and changed its name to C3.ai, Inc. in June 2019. C3.ai, Inc. was incorporated in 2009 and is headquartered in Redwood City, California.

Why Investors Should Care

Steady Revenue Expansion

Revenue has grown at a 15.5% CAGR over the past five years.

Conservative Balance Sheet

Carries low leverage with a debt-to-equity ratio of 0.08.

Recent Developments

  • Trailing 12 Months Year-on-year growth — revenue -52.5%.
  • 5-Year Trend Long-term compounding — revenue CAGR 15.5%, profit CAGR -16.8%.

Growth & Price Performance

Compounded Sales Growth

5 Years:15.46%
1 Year:-52.50%

Compounded Profit Growth

5 Years:-16.77%
1 Year:-

Stock Price Performance

1 Year:-65.86%
6 Months:-34.74%
3 Months:+8.03%
1 Month:-18.81%

Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.

AI Exposure AI Enterprise AI
Core Focus

C3.ai enterprise AI applications and generative AI for industrial use cases.

Key Initiatives
  • C3 AI agentic platform C3.ai offers an enterprise AI application-development and runtime platform plus a library of pre-built AI applications for energy, defense, manufacturing and financial services.
  • C3 Generative AI An enterprise GenAI product that retrieves and synthesises information across disparate corporate data stores and systems.
  • Partner go-to-market Distribution partnerships (notably with hyperscalers) aim to scale enterprise AI adoption.
Why Investors Should Care
  • A rare listed pure-play on enterprise AI applications.
  • High-risk: revenue declined sharply recently (~-53%) and the company is deeply loss-making (ROE ~-63%).
  • Consumption-pricing transition and partner deals are the key swing factors.
  • Speculative — valuation depends on a successful return to growth and a path to profitability.
AI InvestmentHigh opex + sales investment.
AI RevenueSubscription revenue ~$400M; partnerships with MSFT/AWS.
ROI (Now)Loss-making at GAAP level.
ROI (Expected)Path to profitability dependent on consumption-pricing traction.

Curated from public filings and analyst commentary; figures are illustrative.

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Price Chart

Robinhood TradingView

Fundamental Growth Charts

Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.

PROS

  • Compounding revenue at 15.5% over 5 years.

CONS

  • Earnings shrank at -16.8% CAGR over 5 years.
  • Trading 68.6% below its 52-week high.
  • In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

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Valuation

Stock P/E
-2.73
Industry PE
36.02
Forward P/E
-20.30
PEG Ratio
-
Book Value
$4.99
Price to Book
2.18
P/S
6.33
EV/EBITDA
-2.26
Dividend Yield
0.00%

Growth (CAGR)

Revenue 5Y
15.46%
Profit 5Y
-16.77%
Revenue (YoY)
-52.50%
Earnings (YoY)
-

Profitability & Returns

ROCE
-36.29%
ROE
-63.05%
ROA
-33.09%
Profit Margin
-
Op Margin
-
Gross Margin
31.43%
EPS (Latest Qtr)
$-0.79
EPS (TTM)
$-3.35

Balance Sheet & Liquidity

Debt/Equity
0.08
Quick Ratio
6.34
Current Ratio
6.64
Debt
$54.39M
Total Assets
$895.78M
Current Assets
$782.70M
Working Capital
$772.37M

Ownership

Promoter Holding
4.82%
Chg in Prom Hold
-0.35%
FII / Inst Holding
58.49%
Chg in FII Hold
-1.11%

Financial Snapshot

Enterprise Value
$1.30B
Total Revenue (TTM)
$250.27M
EBITDA
$-474.12M
Free Cash Flow
$-20.90M
Operating Cash Flow
$-190.23M
Shares Outstanding
141.79M
Gross Margin
31.43%
Payout Ratio
0.00%

Peer comparison

Peer companies in the same sector (Technology).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 AI C3.ai, Inc. R2KAI 9.15 -2.73 $1.30B 0.00% -36.29% -63.05% 15.46% -16.77%
2 NVDA NVIDIA Corporation NDXSPXAI 211.80 32.43 $5.13T 0.49% 74.66% 114.29% 24.64% 32.12%
3 AAPL Apple Inc. NDXSPX 314.86 38.07 $4.62T 0.37% 68.72% 141.47% 1.81% 3.92%
4 MSFT Microsoft Corporation NDXSPXAI 384.93 22.91 $2.86T 0.93% 26.90% 34.01% 9.48% 10.85%
5 TSM Taiwan Semiconductor Manufacturing Company Limited AI 420.39 36.18 $2.18T 0.90% 30.20% 36.21% 18.94% 19.57%
6 AVGO Broadcom Inc. NDXSPXAI 389.11 64.85 $1.85T 0.68% 16.70% 37.28% 24.38% 26.24%
7 MU Micron Technology, Inc. NDXSPXAI 983.12 46.37 $1.11T 0.06% 13.69% 39.82% 13.68% 26.02%
8 AMD Advanced Micro Devices, Inc. NDXSPXAI 548.13 181.50 $893.78B 0.00% 6.33% 8.06% 13.64% 48.64%
9 ASML ASML Holding N.V. NDXAI 1,775.64 59.55 $684.36B 0.47% 42.97% 52.24% 15.55% 19.55%
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios

Quarterly Results

Figures in USD.

Metric Jan 2020Jul 2020Oct 2020Jan 2021Jul 2021Oct 2021Jan 2022Jul 2022Oct 2022Jan 2023Jul 2023Oct 2023Jan 2024Jul 2024Oct 2024Jan 2025Apr 2025Jul 2025Oct 2025Jan 2026Apr 2026
Revenue 41.28M40.48M41.34M49.11M52.41M58.26M69.77M65.31M62.41M66.67M72.36M73.23M78.40M87.21M94.34M98.78M108.72M70.26M75.15M53.26M-
Cost of Revenue ---------------40.44M41.21M43.82M44.77M44.02M-
Gross Profit 30.35M29.98M31.26M36.88M39.38M42.29M52.42M46.90M41.66M44.40M40.55M41.11M45.29M52.17M57.84M58.35M67.51M26.44M30.38M9.23M-
Operating Expenses ---------------145.93M156.47M151.26M142.49M149.64M-
Operating Income -10.43M-3.33M-14.52M-18.50M-36.52M-55.68M-47.41M-73.21M-71.97M-72.04M-74.09M-79.40M-82.55M-72.59M-75.29M-87.58M-88.97M-124.82M-112.11M-140.41M-
EBITDA ----------------84.46M-85.57M-121.40M-108.71M-137.01M-
Interest Expense ---------------------
Pretax Income ----------------79.86M-79.59M-116.47M-104.43M-133.19M-
Tax Provision ---------------336.00K111.00K300.00K237.00K174.00K-
Net Income -9.80M150.00K-14.94M-16.85M-37.46M-56.74M-39.45M-71.87M-68.85M-63.16M-64.36M-69.78M-72.63M-62.83M-65.97M-80.20M-79.70M-116.77M-104.67M-133.36M-
Diluted EPS -----0.37-0.55-0.38-0.67-0.63-0.57-0.56-0.59-0.60-0.50-0.52--0.60-0.86-0.75-0.94-0.79
R&D Expense 12.33M13.26M16.13M18.75M26.71M36.52M40.93M55.88M50.05M55.05M50.87M50.40M49.48M52.93M55.72M59.36M-64.65M58.35M58.82M-

Profit & Loss (Annual)

Figures in USD.

Metric Apr 2019Apr 2020Apr 2021Apr 2022Apr 2023Apr 2024Apr 2025Apr 2026
Revenue 91.61M156.67M183.22M252.76M266.80M310.58M389.06M-
Cost of Revenue ---63.71M86.34M132.02M153.19M-
Gross Profit 61.22M117.88M138.70M189.05M180.46M178.56M235.86M-
Operating Expenses ---385.17M470.95M496.90M560.29M-
Operating Income -36.04M-71.50M-60.26M-196.12M-290.49M-318.34M-324.42M-
EBITDA ----190.93M-284.40M-305.62M-311.82M-
Interest Expense --------
Pretax Income ----191.28M-268.16M-278.90M-287.73M-
Tax Provision ---789.00K675.00K792.00K976.00K-
Net Income -33.35M-69.38M-55.70M-192.06M-268.84M-279.70M-288.70M-
Diluted EPS -----2.45-2.34-2.24-3.35
R&D Expense 37.32M64.55M68.86M150.54M210.66M201.37M226.39M-

Balance Sheet (Annual)

Figures in USD.

Metric Apr 2018Apr 2019Apr 2020Apr 2021Apr 2022Apr 2023Apr 2024Apr 2025
Total Assets --305.11M1.20B1.17B1.10B1.04B1.03B
Current Assets ----1.06B888.88M904.39M904.25M
Cash & Equivalents -98.61M33.10M115.36M339.53M284.83M167.15M164.36M
Inventory --------
Receivables ----80.27M134.59M130.06M137.23M
Total Liabilities --93.80M135.30M181.41M173.36M164.87M187.58M
Current Liabilities --81.04M124.48M150.17M136.04M102.33M131.88M
Long Term Debt --------
Total Debt ----3.61M2.34M3.23M4.79M
Total Equity -139.83M-165.43M-182.70M1.06B989.48M929.66M873.35M838.30M
Shares Outstanding ----106.23M113.94M123.71M133.94M

Cash Flows (Annual)

Figures in USD.

Metric Apr 2019Apr 2020Apr 2021Apr 2022Apr 2023Apr 2024Apr 2025
Operating Cash Flow -34.88M-61.28M-37.55M-86.46M-115.69M-62.36M-41.41M
Investing Cash Flow -96.23M-124.07M-767.15M317.01M59.95M-66.61M16.40M
Financing Cash Flow 54.47M119.85M887.36M5.71M621.00K11.29M22.22M
Capital Expenditure -6.81M-2.30M-1.63M-4.29M-71.52M-28.01M-3.04M
Free Cash Flow -41.69M-63.58M-39.18M-90.75M-187.21M-90.37M-44.45M
Net Change in Cash ---236.26M-55.12M-117.68M-2.79M
Share Buybacks -0015.00M00-

Ratios (Annual)

Figures in %.

Metric Apr 2019Apr 2020Apr 2021Apr 2022Apr 2023Apr 2024Apr 2025Apr 2026
Gross Margin % 66.8%75.2%75.7%74.8%67.6%57.5%60.6%-
Operating Margin % -39.3%-45.6%-32.9%-77.6%-108.9%-102.5%-83.4%-
Net Margin % -36.4%-44.3%-30.4%-76.0%-100.8%-90.1%-74.2%-
ROE % 20.2%38.0%-5.2%-19.4%-28.9%-32.0%-34.4%-
ROCE % --31.9%-5.6%-19.2%-30.0%-34.0%-36.3%-

Shareholding Pattern

Insiders
4.82%
Institutions
58.49%
Public Float
61.45%

Top Institutional Holders

#Holder% HeldSharesValue
1 Blackrock Inc. 8.03% 12.21M $109.89M
2 Vanguard Portfolio Management LLC 5.62% 8.54M $76.92M
3 Vanguard Capital Management LLC 3.84% 5.84M $52.58M
4 Morgan Stanley 3.77% 5.73M $51.55M
5 Goldman Sachs Group Inc 2.53% 3.84M $34.59M
6 Bank of America Corporation 2.16% 3.28M $29.55M
7 State Street Corporation 2.07% 3.15M $28.36M
8 Geode Capital Management, LLC 1.93% 2.93M $26.34M
9 Millennium Management Llc 1.87% 2.85M $25.65M
10 Mirae Asset Global ETFs Holdings Ltd. 1.55% 2.36M $21.22M

Analyst View

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AI — Frequently Asked Questions

What is the current share price of C3.ai, Inc. (AI)?

As of 2026-07-14 21:23 PDT, C3.ai, Inc. (AI) trades at $9.15 on NYSE. Its 52-week range is $7.76 to $29.16.

What is the market capitalisation of AI?

C3.ai, Inc. (AI) has a market capitalisation of $1.30B on NYSE.

What is the P/E ratio of AI?

AI trades at a trailing price-to-earnings (P/E) ratio of -2.73. The industry average P/E is 36.02. Its price-to-book (P/B) ratio is 2.18.

What is the return on equity (ROE) of AI?

AI has a return on equity (ROE) of -63.05%. Its return on capital employed (ROCE) is -36.29%.

Is AI a good stock to buy?

This page provides a data-driven analysis of C3.ai, Inc. (AI), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.

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