C3.ai, Inc.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $250.3M | $389.1M | $310.6M | $266.8M | $252.8M | $183.2M | $156.7M | $91.6M |
| Subscription | — | — | $277.4M | $230.4M | $206.9M | $158.4M | $135.4M | $74.6M |
| Professional Services | — | — | $33.2M | $36.4M | $45.9M | $24.8M | $21.4M | $17.0M |
| Cost of Revenue | $172.9M | $153.2M | $132.0M | $86.3M | $63.7M | $44.5M | $38.8M | $30.4M |
| Gross Profit | $77.4M | $235.9M | $178.6M | $180.5M | $189.0M | $138.7M | $117.9M | $61.2M |
| Gross Margin | 30.9% | 60.6% | 57.5% | 67.6% | 74.8% | 75.7% | 75.2% | 66.8% |
| Operating Expenses | ||||||||
| Research & Development | $229.1M | $226.4M | $201.4M | $210.7M | $150.5M | $68.9M | $64.5M | $37.3M |
| SG&A Expense | $98.6M | $94.2M | $81.4M | $77.2M | $61.0M | $33.1M | $29.9M | $22.1M |
| Operating Income | $-498.5M | $-324.4M | $-318.3M | $-290.5M | $-196.1M | $-60.3M | $-71.5M | $-36.0M |
| Operating Margin | -199.2% | -83.4% | -102.5% | -108.9% | -77.6% | -32.9% | -45.6% | -39.4% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $-469.5M | $-287.7M | $-278.9M | $-268.2M | $-191.3M | $-55.0M | $-69.0M | $-33.1M |
| Income Tax Expense | $822.0K | $976.0K | $792.0K | $675.0K | $789.0K | $704.0K | $380.0K | $266.0K |
| Net Income | $-470.4M | $-288.7M | $-279.7M | $-268.8M | $-192.1M | $-55.7M | $-69.4M | $-33.3M |
| Net Margin | -187.9% | -74.2% | -90.1% | -100.8% | -76.0% | -30.4% | -44.3% | -36.4% |
| EPS (Basic) | $-3.35 | $-2.24 | $-2.34 | $-2.45 | $-1.84 | — | — | — |
| EPS (Diluted) | $-3.35 | $-2.24 | $-2.34 | $-2.45 | $-1.84 | — | — | — |
| Shares Outstanding (Basic) | 140.5M | 129.1M | 119.4M | 109.9M | 104.4M | 3.5M | — | — |
| Shares Outstanding (Diluted) | 140.5M | 129.1M | 119.4M | 109.9M | 104.4M | 3.5M | — | — |
| Dividends Per Share | — | — | — | — | — | — | — | — |