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About

C3.ai, Inc. operates as an enterprise artificial intelligence application software company. The company offers C3 agentic AI platform, an application development and runtime environment that enables customers to design, develop, and deploy enterprise AI applications; C3 AI CRM Suite, a customer relationship management solution; C3 Generative AI that enables to locate, retrieve, present information, disparate data stores, applications, and enterprise information systems; C3 AI Health Suite to accelerate healthcare innovation; and C3 AI Financial Services Suite. Its C3 AI Applications include C3 AI Asset Performance suite, which consists of C3 AI Reliability, C3 AI Process Optimization, and C3 AI Energy Management applications. The company's C3 AI Supply Chain Suite comprises C3 AI Supply Network Risk, C3 AI Inventory Optimization, C3 AI Demand Forecasting, C3 AI Production Schedule Optimization, and C3 AI Sourcing Optimization solutions; C3 AI Sustainability Suite includes C3 AI ESG and C3 AI Energy Management applications to decrease greenhouse gas emissions; and C3 AI Defense & Intelligence Suite. It provides C3 AI State and Local Government Suite that includes various applications, such as C3 Law Enforcement for state, county, and municipal law enforcement agencies; C3 AI Residential Property Appraisal and C3 AI Commercial Property Appraisal for county property assessors and appraisers; and C3 Generative AI for Government Programs and C3 Generative AI for Constituent Services for federal, state, and local governments. It has strategic partnerships with Microsoft Azure, AWS, Google Cloud, McKinsey & Company, Baker Hughes, Booz Allen, and others. The company has a strategic alliance with SMX Group, LLC for the development of mission critical AI in the secure environments. The company was formerly known as C3 IoT, Inc. and changed its name to C3.ai, Inc. in June 2019. C3.ai, Inc. was incorporated in 2009 and is headquartered in Redwood City, California.

Fundamentals
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Sector Technology Industry Software - Infrastructur Market Cap 1.42B
Enterprise Value 810.87M Income -381.34M Sales 352.91M
Book/sh 5.51 Cash/sh 4.80 Dividend Yield —
Payout 0.00% Employees 1181 IPO —
P/E — Forward P/E -10.71 PEG —
P/S 4.04 P/B 1.84 P/C —
EV/EBITDA -2.02 EV/Sales 2.30 Quick Ratio 6.20
Current Ratio 6.47 Debt/Eq 7.96 LT Debt/Eq —
EPS (ttm) -2.84 EPS next Y -0.94 EPS Growth —
Revenue Growth -20.30% Earnings 2026-02-25 ROA -25.75%
ROE -46.77% ROIC — Gross Margin 51.76%
Oper. Margin -149.19% Profit Margin -108.05% Shs Outstand 137.25M
Shs Float 130.90M Short Float 31.98% Short Ratio 5.95
Short Interest — 52W High 30.24 52W Low 9.56
Beta 2.00 Avg Volume 6.27M Volume 5.53M
Target Price $14.12 Recom Hold Prev Close $9.79
Price $10.12 Change 3.37%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$14.13
Mean price target
2. Current target
$10.33
Latest analyst target
3. DCF / Fair value
$3.91
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$10.33
Low
$8.00
High
$24.00
Mean
$14.13

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2025-12-04 main DA Davidson Underperform → Underperform $13
2025-12-04 main Canaccord Genuity Hold → Hold $16
2025-12-04 reit Wedbush Outperform → Outperform $20
2025-12-04 reit Needham Hold → Hold —
2025-09-12 main UBS Neutral → Neutral $17
2025-09-09 main Morgan Stanley Underweight → Underweight $11
2025-09-05 main Canaccord Genuity Hold → Hold $16
2025-09-04 main UBS Neutral → Neutral $16
2025-09-04 main JMP Securities Market Outperform → Market Outperform $24
2025-09-04 main Keybanc Underweight → Underweight $10
2025-09-04 reit Needham Hold → Hold —
2025-08-13 down Oppenheimer Outperform → Perform —
2025-08-11 down DA Davidson Neutral → Underperform $13
2025-08-11 reit Needham Hold → Hold —
2025-07-25 reit JMP Securities Market Outperform → Market Outperform $50
2025-07-09 init WestPark Capital — → Buy $40
2025-06-26 main UBS Neutral → Neutral $27
2025-05-29 main UBS Neutral → Neutral $28
2025-05-29 main Piper Sandler Neutral → Neutral $27
2025-05-29 main Oppenheimer Outperform → Outperform $45
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 511732 5966795.0 — Sale at price 11.66 per share. SIEBEL THOMAS M Officer, Director and Beneficial Owner — 2026-02-10 00:00:00 D
1 511732 1043933.0 — Conversion of Exercise of derivative security at price 2.04 per share. SIEBEL THOMAS M Officer, Director and Beneficial Owner — 2026-02-10 00:00:00 D
2 522175 7059806.0 — Sale at price 13.52 per share. SIEBEL THOMAS M Officer, Director and Beneficial Owner — 2026-01-13 00:00:00 D/I
3 212586 433675.0 — Conversion of Exercise of derivative security at price 2.04 per share. SIEBEL THOMAS M Officer, Director and Beneficial Owner — 2026-01-13 00:00:00 D
4 182488 — — Stock Gift at price 0.00 per share. EHIKIAN STEPHEN BRADLEY Chief Executive Officer — 2026-01-02 00:00:00 D
5 234918 3185488.0 — Sale at price 13.56 per share. EHIKIAN STEPHEN BRADLEY Chief Executive Officer — 2025-12-31 00:00:00 D
6 18090 — — Stock Award(Grant) at price 0.00 per share. EHIKIAN STEPHEN BRADLEY Chief Executive Officer — 2025-12-30 00:00:00 D
7 532832 7635681.0 — Sale at price 14.22 - 14.37 per share. SIEBEL THOMAS M Officer, Director and Beneficial Owner — 2025-12-17 00:00:00 I
8 15042 216304.0 — Sale at price 14.38 per share. LATH HITESH Chief Financial Officer — 2025-12-16 00:00:00 D
9 21767 — — Stock Gift at price 0.00 per share. SIEBEL THOMAS M Officer, Director and Beneficial Owner — 2025-12-15 00:00:00 D
Financials
Line Item2025-04-302024-04-302023-04-302022-04-30
TaxEffectOfUnusualItems0.000.000.000.00
TaxRateForCalcs0.210.210.210.21
NormalizedEBITDA-311.82M-305.62M-284.40M-190.93M
NetIncomeFromContinuingOperationNetMinorityInterest-288.70M-279.70M-268.84M-192.06M
ReconciledDepreciation12.61M12.72M6.09M5.19M
ReconciledCostOfRevenue153.19M132.02M86.34M63.71M
EBITDA-311.82M-305.62M-284.40M-190.93M
EBIT-324.42M-318.34M-290.49M-196.12M
NetInterestIncome36.19M40.08M21.98M1.83M
InterestIncome36.19M40.08M21.98M1.83M
NormalizedIncome-288.70M-279.70M-268.84M-192.06M
NetIncomeFromContinuingAndDiscontinuedOperation-288.70M-279.70M-268.84M-192.06M
TotalExpenses713.48M628.92M557.29M448.88M
TotalOperatingIncomeAsReported-324.42M-318.34M-290.49M-196.12M
DilutedAverageShares129.09M119.36M109.85M104.40M
BasicAverageShares129.09M119.36M109.85M104.40M
DilutedEPS-2.24-2.34-2.45-1.84
BasicEPS-2.24-2.34-2.45-1.84
DilutedNIAvailtoComStockholders-288.70M-279.70M-268.84M-192.06M
NetIncomeCommonStockholders-288.70M-279.70M-268.84M-192.06M
NetIncome-288.70M-279.70M-268.84M-192.06M
NetIncomeIncludingNoncontrollingInterests-288.70M-279.70M-268.84M-192.06M
NetIncomeContinuousOperations-288.70M-279.70M-268.84M-192.06M
TaxProvision976.00K792.00K675.00K789.00K
PretaxIncome-287.73M-278.90M-268.16M-191.28M
OtherIncomeExpense509.00K-641.00K350.00K3.02M
OtherNonOperatingIncomeExpenses509.00K-641.00K350.00K3.02M
NetNonOperatingInterestIncomeExpense36.19M40.08M21.98M1.83M
InterestIncomeNonOperating36.19M40.08M21.98M1.83M
OperatingIncome-324.42M-318.34M-290.49M-196.12M
OperatingExpense560.29M496.90M470.95M385.17M
ResearchAndDevelopment226.39M201.37M210.66M150.54M
SellingGeneralAndAdministration333.90M295.54M260.29M234.62M
SellingAndMarketingExpense239.66M214.17M183.12M173.58M
GeneralAndAdministrativeExpense94.24M81.37M77.17M61.04M
OtherGandA94.24M81.37M77.17M61.04M
GrossProfit235.86M178.56M180.46M189.05M
CostOfRevenue153.19M132.02M86.34M63.71M
TotalRevenue389.06M310.58M266.80M252.76M
OperatingRevenue389.06M310.58M266.80M252.76M
Line Item2025-04-302024-04-302023-04-302022-04-30
OrdinarySharesNumber133.94M123.71M113.94M106.23M
ShareIssued133.94M123.71M113.94M106.23M
TotalDebt4.79M3.23M2.34M3.61M
TangibleBookValue837.68M872.73M929.04M988.85M
InvestedCapital838.30M873.35M929.66M989.48M
WorkingCapital772.37M802.06M752.84M910.27M
NetTangibleAssets837.68M872.73M929.04M988.85M
CapitalLeaseObligations4.79M3.23M2.34M3.61M
CommonStockEquity838.30M873.35M929.66M989.48M
TotalCapitalization838.30M873.35M929.66M989.48M
TotalEquityGrossMinorityInterest838.30M873.35M929.66M989.48M
StockholdersEquity838.30M873.35M929.66M989.48M
GainsLossesNotAffectingRetainedEarnings521.00K-563.00K-385.00K-2.15M
OtherEquityAdjustments521.00K-563.00K-385.00K-2.15M
RetainedEarnings-1.38B-1.09B-810.24M-541.40M
AdditionalPaidInCapital2.22B1.96B1.74B1.53B
CapitalStock133.00K123.00K113.00K106.00K
CommonStock133.00K123.00K113.00K106.00K
TotalLiabilitiesNetMinorityInterest187.58M164.87M173.36M181.41M
TotalNonCurrentLiabilitiesNetMinorityInterest55.70M62.54M37.32M31.24M
OtherNonCurrentLiabilities55.70M60.80M37.32M30.95M
RestrictedCommonStock0.00
PreferredSecuritiesOutsideStockEquity0.00
NonCurrentDeferredLiabilities0.001.73M4.00K288.00K
NonCurrentDeferredRevenue0.001.73M4.00K288.00K
CurrentLiabilities131.88M102.33M136.04M150.17M
OtherCurrentLiabilities2.42M814.00K3.05M1.81M
CurrentDeferredLiabilities36.56M37.23M47.85M48.85M
CurrentDeferredRevenue36.56M37.23M47.85M48.85M
CurrentDebtAndCapitalLeaseObligation4.79M3.23M2.34M3.61M
CurrentCapitalLeaseObligation4.79M3.23M2.34M3.61M
PensionandOtherPostRetirementBenefitPlansCurrent44.59M37.80M39.44M19.89M
PayablesAndAccruedExpenses43.52M23.26M43.36M76.00M
CurrentAccruedExpenses23.07M7.69M12.32M15.68M
Payables20.45M15.57M31.03M60.32M
OtherPayable2.45M2.51M3.41M
TotalTaxPayable5.29M4.26M3.98M3.59M
AccountsPayable15.16M11.32M24.61M54.22M
TotalAssets1.03B1.04B1.10B1.17B
TotalNonCurrentAssets121.63M133.83M214.15M110.45M
OtherNonCurrentAssets41.71M44.58M47.53M63.22M
InvestmentsAndAdvances0.0081.42M32.09M0.00
InvestmentinFinancialAssets0.0081.42M32.09M0.00
AvailableForSaleSecurities81.42M32.09M
GoodwillAndOtherIntangibleAssets625.00K625.00K625.00K625.00K
Goodwill625.00K625.00K625.00K625.00K
NetPPE79.30M88.63M84.58M14.52M
AccumulatedDepreciation-25.76M-14.77M-4.33M-9.29M
GrossPPE105.06M103.40M88.91M23.81M
Leases82.51M71.87M66.52M8.88M
ConstructionInProgress960.00K12.12M3.14M11.26M
MachineryFurnitureEquipment21.59M19.41M19.24M3.67M
Properties0.000.000.000.00
CurrentAssets904.25M904.39M888.88M1.06B
OtherCurrentAssets24.34M23.96M23.31M20.00M
PrepaidAssets20.00M14.30M
Receivables137.23M130.06M134.59M80.27M
AccountsReceivable137.23M130.06M134.59M80.27M
AllowanceForDoubtfulAccountsReceivable-877.00K-359.00K-359.00K-157.00K
GrossAccountsReceivable138.10M130.42M134.94M80.43M
CashCashEquivalentsAndShortTermInvestments742.69M750.37M730.98M960.16M
OtherShortTermInvestments578.33M583.22M446.15M620.63M
CashAndCashEquivalents164.36M167.15M284.83M339.53M
Line Item2025-04-302024-04-302023-04-302022-04-30
FreeCashFlow-44.45M-90.37M-187.21M-90.75M
RepurchaseOfCapitalStock0.000.00-15.00M0.00
IssuanceOfDebt0.000.0026.00M
IssuanceOfCapitalStock0.000.00851.86M
CapitalExpenditure-3.04M-28.01M-71.52M-4.29M
IncomeTaxPaidSupplementalData920.00K975.00K578.00K939.00K
EndCashPosition176.92M179.71M297.39M352.52M
BeginningCashPosition179.71M297.39M352.52M116.25M
ChangesInCash-2.79M-117.68M-55.12M236.26M
FinancingCashFlow22.22M11.29M621.00K5.71M
CashFlowFromContinuingFinancingActivities22.22M11.29M621.00K5.71M
NetOtherFinancingCharges-9.08M-13.22M-6.94M-105.00K
ProceedsFromStockOptionExercised31.30M24.51M7.56M20.82M
NetPreferredStockIssuance0.000.00
PreferredStockIssuance0.000.00
NetCommonStockIssuance0.000.00-15.00M851.86M
CommonStockPayments0.000.00-15.00M0.00
CommonStockIssuance0.000.00851.86M
NetIssuancePaymentsOfDebt0.000.0026.00M
NetLongTermDebtIssuance0.000.0026.00M
LongTermDebtIssuance0.000.0026.00M
InvestingCashFlow16.40M-66.61M59.95M317.01M
CashFlowFromContinuingInvestingActivities16.40M-66.61M59.95M317.01M
NetInvestmentPurchaseAndSale19.43M-38.61M131.46M321.31M
SaleOfInvestment666.45M789.29M876.71M1.12B
PurchaseOfInvestment-647.01M-827.90M-745.25M-796.49M
NetPPEPurchaseAndSale-3.04M-25.26M-70.52M-3.79M
PurchaseOfPPE-3.04M-25.26M-70.52M-3.79M
CapitalExpenditureReported0.00-2.75M-1.00M-500.00K
OperatingCashFlow-41.41M-62.36M-115.69M-86.46M
CashFlowFromContinuingOperatingActivities-41.41M-62.36M-115.69M-86.46M
ChangeInWorkingCapital14.00M5.23M-72.17M-18.81M
ChangeInOtherWorkingCapital-2.40M-8.89M-1.29M-26.09M
ChangeInOtherCurrentLiabilities11.27M25.49M3.07M-8.87M
ChangeInPayablesAndAccruedExpense12.34M-19.10M-18.85M44.88M
ChangeInAccruedExpense8.71M-6.22M3.19M10.39M
ChangeInPayable3.63M-12.88M-22.04M34.48M
ChangeInAccountPayable3.63M-12.88M-22.04M34.48M
ChangeInPrepaidAssets1.91M3.21M-576.00K-14.58M
ChangeInReceivables-9.12M4.52M-54.52M-14.16M
ChangesInAccountReceivables-9.12M4.52M-54.52M-14.16M
OtherNonCashItems-10.30M-16.37M2.68M4.02M
StockBasedCompensation230.99M215.76M216.54M113.44M
AssetImpairmentCharge0.000.00
AmortizationOfSecurities-17.21M-4.56M1.76M
DepreciationAmortizationDepletion12.61M12.72M6.09M5.19M
DepreciationAndAmortization12.61M12.72M6.09M5.19M
NetIncomeFromContinuingOperations-288.70M-279.70M-268.84M-192.06M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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