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Sells an enterprise AI software platform that companies use to build and deploy AI applications like predictive maintenance.
Sells an enterprise AI software platform that companies use to build and deploy AI applications like predictive maintenance.
Moved around 2022 from annual subscriptions to charging by usage, so customers pay for how much they run on the platform and revenue follows deployments. A few large clients and government contracts account for a big share, and partners such as Baker Hughes and the cloud providers help bring in others.
Moat: none (IP / patents). Early enterprise AI platform positioning, but faces intense competition from cloud hyperscalers' native AI tools.
Headquarters: Redwood City, California, United States · Founded: 2009 · Employees: 764
Size C3.ai (AI) is a United States Information Technology company (Packaged Software) with a market value of $1.84B, the 1857th largest of 3,117 United States companies the cockpit tracks. Shares closed at $11.69 on 6 Nov 2026.
Performance Over six months the shares gained 18.4%, against -20.0% for the median peer and -1.1% for the United States market (cap-weighted) — 7th highest of 21 in its peer set.
Growth Revenue fell 37.5% over the last twelve months (peer median +17.5%); the operating margin is -198.1% (peer median 4.0%).
Valuation It trades at 5.1× enterprise value to sales against a peer median of 5.5× (10th cheapest of 21).
Backlog Backlog (remaining performance obligations) was $200M at 31 Jul 2026, down 10% on a year earlier — 0.9 years of trailing revenue. Backlog detail →
Short interest Short interest is 26.8% of the free float (15 Oct 2026).
Next results Next results expected around 9 Dec 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $232M | $250M | $389M | $311M | $267M |
| Revenue growth | — | -36% | +25% | +16% | — |
| Gross profit | $67.6M | $77.4M | $236M | $179M | $180M |
| EBITDA | -$447M | -$474M | -$312M | -$306M | -$277M |
| Net income | -$446M | -$470M | -$289M | -$280M | -$269M |
| Free cash flow | -$156M | -$192M | -$44.4M | -$87.6M | -$186M |
| Capital expenditure | $1.16M | $1.91M | $3.04M | $28.0M | $71.5M |
| Total debt | $5.79M | $58.7M | $60.3M | $58.8M | $39.7M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| C3.ai AI | $1.84B | +18% | -38% | -198% | 5.1× | n/a |
| Palantir Technologies PLTR | $386B | +16% | +87% | 46% | 51.6× | 56.6% |
| Microsoft MSFT | $3.94T | +28% | +18% | 47% | 11.6× | 17.2% |
| SNOW SNOW | $97.3B | +81% | +32% | -22% | 18.0× | 41.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | AI | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +3.1% | +3.0% | 11th highest of 21 |
| 6-month return | +18.4% | -20.0% | 7th highest of 21 |
| Distance from 52-week high | -33.0% | -40.1% | 8th highest of 21 |
| Revenue growth (TTM) | -37.5% | +17.5% | lowest of 21 |
| Operating margin | -198.1% | 4.0% | 2nd lowest of 21 |
| EV / Sales | 5.1× | 5.5× | 10th cheapest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| C3.ai AI | United States | $1.84B | +18% | -38% | -198% | 5.1× | n/a | n/a |
| Certara CERT | United States | $1.84B | +91% | +1% | 5% | 4.8× | 40.7% | +11.5% |
| SoundHound AI SOUN | United States | $1.85B | -54% | +55% | -96% | 8.1× | n/a | n/a |
| Hydsoft Technology 301316.SZ | China | $1.86B | -41% | +19% | 3% | 4.9× | 46.1% | +26.7% |
| eToro ETOR | United States | $1.86B | -40% | +10% | 32% | 0.7× | -18.5% | +15.4% |
| ArcSoft 688088.SS | China | $1.87B | -26% | +10% | 12% | 11.2× | 41.3% | +6.2% |
| Shenzhen Intellifusion Technologies 688343.SS | China | $1.87B | -46% | -4% | -52% | 8.4× | n/a | n/a |
| Business-Intelligence of Oriental Nations 300166.SZ | China | $1.88B | -27% | +7% | -5% | 6.0× | n/a | n/a |
| Shadowfax Technologies SHADOWFAX.NS | India | $1.79B | +70% | +69% | 10% | 3.8× | 47.0% | +43.7% |
| iFAST AIY.SI | Singapore | $1.89B | -10% | +35% | 24% | 1.9× | -11.6% | +24.8% |
| China TransInfo Technology 002373.SZ | China | $1.89B | -11% | +16% | 1% | 1.2× | 22.0% | -2.7% |
| Nayax NYAX | United States | $1.78B | -34% | +28% | 5% | 3.5× | 26.9% | +38.7% |
| Progress Software PRGS | United States | $1.78B | +46% | +6% | 19% | 2.9× | 1.8% | +17.2% |
| Sinosoft 603927.SS | China | $1.77B | -14% | -24% | 2% | 1.8× | 23.0% | +0.9% |
| Pony AI 2026.HK | Hong Kong | $1.93B | -56% | +67% | -214% | 7.4× | n/a | n/a |
| Beijing Haizhi Technology 2706.HK | Hong Kong | $1.75B | -31% | +23% | -9% | 18.7× | n/a | n/a |
| Wuhan Dameng Database 688692.SS | China | $1.75B | -28% | +28% | 28% | 5.4× | 12.7% | +23.2% |
| Planisware Societe anonyme PLNW.PA | France | $1.94B | +46% | +8% | 31% | 7.4× | 12.3% | +16.8% |
| Karooooo KARO | United States | $1.95B | +25% | +32% | 25% | 5.5× | 10.4% | +17.7% |
| Ourpalm 300315.SZ | China | $1.96B | -3% | -5% | -65% | 16.0× | 55.8% | -17.0% |
| freee K.K 4478.T | Japan | $1.72B | +100% | +28% | 3% | 5.9× | n/a | n/a |
C3.ai reported $200M of remaining performance obligations at 31 Jul 2026, down 10% from a year earlier and down 2% from the previous quarter. That is 0.9 years of trailing revenue already under contract. Book-to-bill last quarter: 0.94.