Saturday 17 October 2026
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C3.ai, Inc.
AI Technology Software Infrastructure
C3.ai, Inc.’s revenue for fiscal 2026 (year ended April 2026) was $250.3 million, down 35.7% from fiscal 2025. In the quarter to July 2026, revenue fell 25.5%, EPS grew 30.2% and free cash flow grew 106.0%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
11.32
0.84
−6.91%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to April
| Group | Line | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Trend | 2027e | 2028e | 2029e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | — | — | — | 90.03 | 27.52 | 10.16 | 10.48 | 18.85 | 12.59 | 7.68 |
Analyst estimates 2027–2029 Powerpack |
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| High | — | — | — | 183.90 | 176.94 | 32.36 | 48.87 | 45.08 | 38.58 | 14.48 | |||||
| People | |||||||||||||||
| People | Employees | — | — | — | — | 574 | 704 | 914 | 891 | 1,181 | 764 | ||||
| Revenue/emp, $m | — | — | 0.00 | 0.00 | 0.32 | 0.36 | 0.29 | 0.35 | 0.33 | 0.33 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | — | — | 92 | 157 | 183 | 253 | 267 | 311 | 389 | 250 | ||||
| Gross margin, % | — | — | 66.83 | 75.24 | 75.70 | 74.79 | 67.64 | 57.49 | 60.62 | 30.92 | |||||
| EBT | — | — | (33) | (69) | (55) | (191) | (268) | (279) | (288) | (470) | |||||
| EBT margin, % | — | — | (36.11) | (44.04) | (30.01) | (75.68) | (100.51) | (89.80) | (73.95) | (187.62) | |||||
| Net income | 0 | — | (33) | (69) | (56) | (192) | (269) | (280) | (289) | (470) | |||||
| Depreciation | — | — | 1 | 1 | 4 | 5 | 6 | 13 | 13 | 14 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | — | — | 3.62 | 4.38 | 2.74 | 2.42 | 2.43 | 2.60 | 3.01 | 1.78 | ||||
| Earnings | — | — | (1.32) | (1.94) | (0.90) | (1.84) | (2.45) | (2.34) | (2.24) | (3.35) | |||||
| Cash flow | — | — | (1.38) | (1.71) | (0.56) | (0.83) | (1.05) | (0.52) | (0.32) | (1.35) | |||||
| Capex | — | — | (0.27) | (0.08) | (0.02) | (0.04) | (0.65) | (0.23) | (0.02) | (0.01) | |||||
| Free cash flow | — | — | (1.65) | (1.79) | (0.59) | (0.87) | (1.70) | (0.76) | (0.34) | (1.37) | |||||
| Book value | — | — | 0.00 | (5.10) | 15.88 | 9.48 | 8.46 | 7.32 | 6.49 | 4.65 | |||||
| Shares, m | — | — | 25 | 36 | 67 | 104 | 110 | 119 | 129 | 141 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||
| P/S | — | — | 0.00 | 0.00 | 24.17 | 7.48 | 7.67 | 8.66 | 7.30 | 4.96 | |||||
| P/B | — | — | 0.00 | 0.00 | 4.17 | 1.91 | 2.20 | 3.08 | 3.39 | 1.90 | |||||
| EV/Sales | — | — | 0.00 | 0.00 | 18.21 | 3.69 | 4.93 | 6.24 | 5.39 | 2.66 | |||||
| EV/FCF | — | — | (69.84) | (69.84) | (85.14) | (10.27) | (7.03) | (21.46) | (47.22) | (3.46) | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | — | — | (35) | (61) | (38) | (86) | (116) | (62) | (41) | (190) | ||||
| Capex | — | — | (7) | (3) | (2) | (4) | (72) | (28) | (3) | (2) | |||||
| Free cash flow | — | — | (42) | (64) | (39) | (91) | (187) | (90) | (44) | (192) | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | — | — | 122 | 200 | 1,049 | 910 | 753 | 802 | 772 | 601 | ||||
| Total debt | — | — | — | — | 6 | 31 | 39 | — | — | — | |||||
| Net debt | — | — | (157) | (245) | (1,093) | (960) | (731) | (750) | (743) | (575) | |||||
| Shareholders’ equity | — | — | — | (183) | 1,061 | 989 | 930 | 873 | 838 | 654 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | — | — | 0.00 | (45.48) | (7.42) | (16.23) | (23.65) | (26.12) | (27.97) | (51.07) | ||||
| ROIC | — | — | 0.00 | 0.00 | 0.00 | (418.12) | (91.38) | (161.78) | (212.06) | (397.90) | |||||
| ROE | — | — | 19.16 | 39.91 | (12.68) | (18.73) | (28.02) | (31.03) | (33.73) | (63.05) | |||||
Negative figures in brackets.
Fiscal years to Apr 2026 · latest quarter Jul 2026
Charts ten years each
C3.ai, Inc. vs peers in Software Infrastructure (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| RAMP LiveRamp Holdings, Inc. | $2.3B | 15.1× | 13.4× | +9.84% (above 0%: growing) | +141.67% (above 0%: growing) | +200.97% (above 0%: growing) | 70.54% | 9.42% | Compare |
| INFQ Infleqtion, Inc. | $2.1B | — (loss-making) | — | — | n/m | +442.38% (above 0%: growing) | 16.01% | (220.55%) | Compare |
| GCT GigaCloud Technology Inc. | $2.1B | 13.6× | 7.7× | +27.60% (above 0%: growing) | +27.47% (above 0%: growing) | +21.82% (above 0%: growing) | 25.64% | 11.54% | Compare |
| MQ Marqeta, Inc. | $2.0B | 170× | 104× | +17.02% (above 0%: growing) | n/m | +1,068.67% (above 0%: growing) | 69.25% | 2.07% | Compare |
| AI C3.ai, Inc. | $2.0B | — (loss-making) | — (loss-making) | −25.46% (below 0%: shrinking) | n/m | +106.02% (above 0%: growing) | 31.83% | (187.62%) | |
| FORG ForgeRock, Inc. | $2.0B | — (loss-making) | — (loss-making) | +22.25% (above 0%: growing) | n/m | +28.02% (above 0%: growing) | 77.49% | (51.61%) | Compare |
| EVTC Evertec, Inc. | $1.9B | 20.3× | 10.0× | +19.69% (above 0%: growing) | −85.71% (below 0%: shrinking) | +20.64% (above 0%: growing) | 54.79% | 19.39% | Compare |
| ATEN A10 Networks, Inc. | $1.8B | 40.8× | 41.0× | +15.50% (above 0%: growing) | −20.00% (below 0%: shrinking) | +53.34% (above 0%: growing) | 79.09% | 11.26% | Compare |
| NN NextNav Inc. | $1.8B | — (loss-making) | — (loss-making) | −4.33% (below 0%: shrinking) | n/m | −33.14% (below 0%: shrinking) | (78.70%) | (1,760.78%) | Compare |
| Median of peers | $2.0B | 20.3× | 13.4× | +17.02% | +3.73% | +40.68% | 62.02% | 5.75% |
C3.ai, Inc. (AI) key facts
- Concern: C3.ai, Inc.’s revenue for fiscal 2026 (year ended April 2026) was $250.3 million, down 35.7% from fiscal 2025.
- Concern: C3.ai, Inc. reported a net loss of $470.4 million, or a loss of $3.35 per share, for fiscal 2026.
- C3.ai, Inc. (AI) is a Software Infrastructure company in the Technology sector, listed on the New York Stock Exchange.
- As of October 16, 2026, AI traded at $11.32, a market capitalization of $2.0 billion.
- Trailing earnings are negative, so a P/E ratio is not meaningful; the stock trades at 7.6× sales.
- Return on equity was −63.1% and debt-to-equity 0.00.
- Its Piotroski F-score is 2 out of 9 and its Altman Z-score is 0.58 (distress zone) for fiscal 2026.