C3.ai
Builds enterprise AI applications, agentic platforms, and generative AI tools for large organizations.
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Profile
Sells subscription software and related services for enterprise AI application development, runtime, and industry workflows. Revenue is mostly subscription-based, operations are managed as one reportable segment, and demand is concentrated in North America.
Provides C3 Agentic AI Platform, C3 AI Studio, C3 AI Applications, C3 Generative AI, and C3 Code for enterprise application development, runtime, prebuilt workflows, information retrieval, and natural-language coding. Most revenue comes from subscriptions, with professional services supporting implementation, training, consulting, and prioritized engineering.
Deployments can run on AWS, Microsoft Azure, Google Cloud, on-premises, or hybrid environments. Demand is concentrated in North America, while customers and industry pages span energy, manufacturing, defense, financial services, government, healthcare, and other enterprise markets.
Operations are managed as one reportable segment. The business depends on new customers, expanded and renewed subscriptions, sales-and-services execution after a restructuring, and competition from internal IT teams, software vendors, clouds, integrators, and open-source data and AI tools.
Company facts
Key statistics
Year to date −23.3% · Average volume (30d) 4.8M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jun 4, 2026 | UBS | Reiterate | Neutral | $16 | $12 | |
| Jun 4, 2026 | Morgan Stanley | Reiterate | Underweight | $11 | $7 | |
| Jun 4, 2026 | Canaccord Genuity | Reiterate | Hold | $8 | $10 | |
| May 13, 2026 | Canaccord Genuity | Reiterate | Hold | $31 | $8 | |
| Feb 26, 2026 | Gordon Haskett Capital Corporation | Target | $7 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jun 3, 2026Q4 FY26 | −$0.38 | −$0.33 | +13.2% | $51.6M | $51.6M | 0.0% | −1.21% |
| Feb 25, 2026Q3 FY26 | −$0.29 | −$0.40 | −37.9% | $75.6M | $53.3M | −29.5% | −18.53% |
| Dec 3, 2025Q2 FY26 | −$0.33 | −$0.25 | +23.6% | $74.9M | $75.1M | +0.4% | +2.07% |
| Sep 3, 2025Q1 FY26 | −$0.38 | −$0.37 | +2.6% | $74.9M | $70.3M | −6.1% | −7.31% |
Financial highlights
| 12 quarters | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $98.8M | $108.7M | $70.3M | $75.1M | $53.3M | $51.6M | |
| Gross profit | $58.3M | $67.5M | $26.4M | $30.4M | $9.2M | $11.3M | |
| Operating income | −$87.6M | −$89.0M | −$124.8M | −$112.1M | −$140.4M | −$110.3M | |
| Net income | −$80.2M | −$79.7M | −$116.8M | −$104.7M | −$133.4M | −$115.6M | |
| Diluted EPS | −$0.62 | −$0.60 | −$0.86 | −$0.75 | −$0.95 | −$0.79 | |
| Gross margin | 59.1% | 62.1% | 37.6% | 40.4% | 17.3% | 21.9% | |
| Operating margin | -88.7% | -81.8% | -177.7% | -149.2% | -263.6% | -213.8% |
Fiscal years (4-quarter sums)FY22 $252.8M · FY23 $266.8M · FY24 $310.6M · FY25 $389.1M · FY26 $250.3M
Revenue by product · Q3 FY26
Revenue by geography · Q3 FY26
Balance sheet, Apr 30, 2026Cash & short-term investments $575.4M · Total debt $5.6M · Total assets $816.3M · Shareholders' equity $653.8M
Dividends
No dividends on record.
Ownership
Shares outstanding 151.95M · Float 136.99M · 90.2% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 14.26M | 9.38% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 8.97M | 5.90% | 13F | Aug 13, 2026 |
| Thomas M. Siebel · director, 10 percent owner, officer: CEO and Chairman of the Board | 7.79M | 5.13% | Form 4 | Aug 13, 2026 |
| Vanguard Capital Management LLC | 5.99M | 3.94% | 13F | Aug 13, 2026 |
| Morgan Stanley | 5.03M | 3.31% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 11, 2026 | Thomas M. Siebel | director, 10 percent owner, officer: CEO and Chairman of the Board | −453,314 | $10.51 |
| Aug 4, 2026 | Hitesh Lath | officer: CHIEF FINANCIAL OFFICER | −20,000 | $10.00 |
| Aug 3, 2026 | Thomas M. Siebel | director, 10 percent owner, officer: CEO and Chairman of the Board | −139,500 | $9.61 |
| Jul 14, 2026 | Thomas M. Siebel | director, 10 percent owner, officer: CEO and Chairman of the Board | −264,100 | $9.07 |
| Jul 15, 2026 | Thomas M. Siebel | director, 10 percent owner, officer: CEO and Chairman of the Board | −198,465 | $9.32 |
Peers
- Palantir Technologies
Closest public pure-play for operational enterprise AI platforms
- Microsoft
Hyperscale cloud and agent platform rival with deep enterprise reach
- Amazon
AWS-native AI platform alternative for enterprise builds
- Alphabet Class A
Google Cloud AI stack for agents, search, and analytics
- Salesforce
Agentic CRM and data platform for enterprise workflows
- Snowflake
AI data platform for governed enterprise data and agents
- ServiceNow
AI workflow platform for service, IT, and operations use cases
- Accenture
Integrator-led AI transformation and industry-agent substitute
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| C3.ai | $10.57 | +0.26% | $1.60B | — | — | 6.4 | −52.5% |
| Palantir Technologies | $185.46 | −0.39% | $427.73B | 157.9 | 97.9 | 69.5 | +92.8% |
| Microsoft | $513.06 | −0.06% | $3.81T | 28.6 | 26.2 | 11.5 | +17.8% |
| Amazon | $266.10 | −0.11% | $2.87T | 21.4 | 28.5 | 3.7 | +19.6% |
| Alphabet Class A | $346.00 | −0.14% | $4.19T | 17.4 | 25.8 | 9.4 | +24.2% |
| Salesforce | $256.48 | +0.16% | $209.66B | 23.4 | 17.6 | 4.8 | +10.8% |
| Snowflake | $329.00 | +0.32% | $113.68B | — | 153.9 | 22.6 | +33.5% |
| ServiceNow | $143.28 | −0.97% | $149.61B | 90.4 | 31.9 | 10.2 | +24.0% |
| Accenture | $189.20 | −0.17% | $116.03B | 15.1 | 13.2 | 1.6 | +5.6% |
| Median | 23.4 | 27.4 | 9.8 | +21.8% |