C3.ai, Inc. income statement AI

Annual Quarterly

In fiscal 2026, which ended Apr 30, 2026, C3.ai, Inc. reported revenue of $250.3 million, down 35.7% from the year before. It recorded a net loss of $470.4 million. The operating loss came to $498.5 million, an operating margin of -199.2%. Diluted earnings per share were -$3.35. Over the twelve months ended Jul 31, 2026, revenue was $232.4 million and the net loss was $446.4 million. Across the 6 fiscal years shown, revenue grew from $183.2 million in fiscal 2021 to $250.3 million in fiscal 2026, about 6.4% a year.

USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.

Line	FY 2027 Jul 31, 2026	FY 2026 Apr 30, 2026	FY 2025 Apr 30, 2025	FY 2024 Apr 30, 2024	FY 2023 Apr 30, 2023	FY 2022 Apr 30, 2022	FY 2021 Apr 30, 2021
Revenue	232 -37.5%	250 -35.7%	389 +25.3%	311 +16.4%	267 +5.6%	253 +38.0%	183
Cost of revenue	165 +1.7%	173 +12.9%	153 +16.0%	132 +52.9%	86 +35.5%	64 +43.1%	45
Gross profit	68 -67.8%	77 -67.2%	236 +32.1%	179 -1.1%	180 -4.5%	189 +36.3%	139
Research and development	211 -11.4%	229 +1.2%	226 +12.4%	201 -4.4%	211 +39.9%	151 +118.6%	69
Selling, general and administrative	317 -9.1%	336 +0.6%	334 +13.0%	296 +13.5%	260 +10.9%	235 +80.3%	130
Restructuring and impairment	—	11	—	—	—	—	—
Operating expenses	—	576 +2.8%	560 +12.8%	497 +5.5%	471 +22.3%	385 +93.6%	199
Operating income	-472 -25.3%	-498 -53.7%	-324 -1.9%	-318 -9.6%	-290 -48.1%	-196 -225.5%	-60
Interest income	26 -23.9%	28 -21.4%	36 -9.7%	40 +82.4%	22 +1103.0%	2 +45.6%	1
Other non-operating income (expense)	0 -94.5%	1 -1.0%	1 +179.4%	-1 -283.1%	0 -88.4%	3 -24.7%	4
Pretax income	-446 -30.5%	-470 -63.2%	-288 -3.2%	-279 -4.0%	-268 -40.2%	-191 -247.8%	-55
Income tax	1 -31.8%	1 -15.8%	1 +23.2%	1 +17.3%	1 -14.4%	1 +12.1%	1
Net income	-446 -30.3%	-470 -62.9%	-289 -3.2%	-280 -4.0%	-269 -40.0%	-192 -244.8%	-56
Basic EPS	-3.07 -18.0%	-3.35 -49.6%	-2.24 +4.3%	-2.34	—	—	—
Diluted EPS	-3.07 -18.0%	-3.35 -49.6%	-2.24 +4.3%	-2.34	—	—	—
Weighted average shares, basic	145 +10.4%	141 +8.8%	129 +8.1%	119	—	—	—
Weighted average shares, diluted	145 +10.4%	141 +8.8%	129 +8.1%	119	—	—	—
Other measures
Depreciation and amortization	14 +5.0%	14 +7.5%	13 -0.9%	13 +108.9%	6 +17.3%	5 +20.8%	4
EBITDA	-458 -26.0%	-485 -55.5%	-312 -2.0%	-306 -7.5%	-284 -49.0%	-191 -241.2%	-56
Margins
Gross margin	29.09%	30.92%	60.62%	57.49%	67.64%	74.79%	75.70%
Operating margin	-203.09%	-199.19%	-83.39%	-102.50%	-108.88%	-77.59%	-32.89%
Pretax margin	-191.81%	-187.62%	-73.95%	-89.80%	-100.51%	-75.68%	-30.01%
Profit margin	-192.10%	-187.95%	-74.21%	-90.06%	-100.77%	-75.99%	-30.40%
EBITDA margin	-197.26%	-193.77%	-80.15%	-98.40%	-106.60%	-75.54%	-30.54%

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. The first column is the trailing twelve months through the latest quarter. More on our methodology.

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Company profile

Industry: Services-Prepackaged Software (SIC 7372)
Listed as: AI (NYSE)
Fiscal year ends: April 30
Incorporated in: DE
Headquarters: Redwood City, CA
SEC filer status: Large accelerated filer
SEC CIK: 1577526
Former names: C3 IoT, Inc. (until Mar 26, 2018); C3, Inc. (until May 29, 2013)

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.