C3.ai, Inc.
Cash Flow Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-470.4M | $-288.7M | $-279.7M | $-268.8M | $-192.1M | $-55.7M | $-69.4M | $-33.3M |
| Depreciation & Amortization | $13.6M | $12.6M | $12.7M | $6.1M | $5.2M | $4.3M | $1.3M | $550.0K |
| Depreciation | $13.3M | $12.2M | $11.5M | $5.0M | $4.4M | $4.0M | $1.2M | $500.0K |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $263.7M | $231.0M | $215.8M | $216.5M | $113.4M | $21.7M | $8.3M | $4.3M |
| Net Cash from Operating Activities | $-190.2M | $-41.4M | $-62.4M | $-115.7M | $-86.5M | $-37.6M | $-61.3M | $-34.9M |
| Investing Activities | ||||||||
| Capital Expenditures | $1.9M | $3.0M | $25.3M | $70.5M | $3.8M | $1.6M | $2.3M | $6.8M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $75.1M | $16.4M | $-66.6M | $59.9M | $317.0M | $-767.2M | $-124.1M | $-96.2M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | $0 | $0 | $15.0M | $0 | $0 | — |
| Net Cash from Financing Activities | $17.0M | $22.2M | $11.3M | $621.0K | $5.7M | $887.4M | $119.9M | $54.5M |
| Net Change in Cash | $-98.2M | $-2.8M | $-117.7M | $-55.1M | $236.3M | $82.7M | $-65.5M | $-76.6M |
| Free Cash Flow | $-192.1M | $-44.4M | $-87.6M | $-186.2M | $-90.3M | $-39.2M | $-63.6M | $-41.7M |