olivLaw · US equity research
C3.ai, Inc. AI
Services-Prepackaged Software · SIC 7372 · Vertical: Services-Prepackaged Software (SIC 7372)
C3.ai is an enterprise AI software company offering a platform, industry applications and generative tools to large organizations. The company is in a restructuring after revenue fell in fiscal 2026, and its fiscal 2027 first-quarter revenue of 52.4 million USD suggests possible stabilization, though losses remain significant.
At the close of 03 Nov 2026, C3.ai, Inc. (AI) stock was 11.54 USD (−0.09% on the day), with market capitalisation 40.4 m USD, beta 1.99, 52-week range 7.76–16.08 USD. Latest reported quarter (Q1 2027): revenue of 52.4 m USD (−25.5% YoY), net income of -92.8 m USD, diluted EPS -0.60 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 48.8
- neutral
- Bollinger (20, 2)
- 10.98 – 12.68
- in the lower half of the band · %B 0.33 · band width 14.3%
- SMA 50 / 200
- 11.12 / 10.02
- uptrend (price > SMA50 > SMA200)
- MACD (12, 26, 9)
- 0.24 / 0.33
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | +4.8% | −2.0% | +6.8 pp | — |
| 3 months | +14.8% | −2.2% | +17.0 pp | — |
| 6 months | +22.6% | +4.3% | +18.4 pp | — |
| Year to date | −14.4% | +10.6% | −25.0 pp | — |
| 1 year | −32.7% | +10.5% | −43.1 pp | −5.9% |
| 3 years | −59.6% | +73.7% | −133.3 pp | +30.2% |
| 5 years | −76.4% | +61.7% | −138.1 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q1 2027 · 31 Jul 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 | Q1 '27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 94.3 m | 98.8 m | 108.7 m | 70.3 m | 75.1 m | 53.3 m | 51.6 m | 52.4 m |
| Cost of revenue | 36.5 m | 40.4 m | 41.2 m | 43.8 m | 44.8 m | 44.0 m | 40.3 m | 35.7 m |
| Gross profit | 57.8 m | 58.3 m | 67.5 m | 26.4 m | 30.4 m | 9.2 m | 11.3 m | 16.7 m |
| Research & development | 55.7 m | 59.4 m | 58.4 m | 64.7 m | 58.4 m | 58.8 m | 47.3 m | 46.5 m |
| Operating income | -75.3 m | -87.6 m | -89.0 m | -124.8 m | -112.1 m | -140.4 m | -121.2 m | -98.3 m |
| Depreciation & amortisation | 3.0 m ≈ | 3.1 m ≈ | 3.4 m | 3.4 m | 3.4 m ≈ | 3.4 m ≈ | 3.3 m | 3.4 m |
| Pre-tax income | -65.7 m | -79.9 m | -79.6 m | -116.5 m | -104.4 m | -133.2 m | -115.5 m | -92.6 m |
| Income tax | 257.0 k | 336.0 k | 111.0 k | 300.0 k | 237.0 k | 174.0 k | 111.0 k | 163.0 k |
| Net income | -66.0 m | -80.2 m | -79.7 m | -116.8 m | -104.7 m | -133.4 m | -115.6 m | -92.8 m |
| Diluted EPS | -0.52 | -0.62 | -0.60 ≈ | -0.86 | -0.75 | -0.94 | -0.79 ≈ | -0.60 |
| Operating cash flow | -38.7 m ≈ | -22.0 m ≈ | 11.3 m | -33.5 m | -46.5 m ≈ | -55.8 m ≈ | -54.4 m | 2.1 m |
| Capex | 815.0 k ≈ | 362.0 k ≈ | 938.0 k | 760.0 k | 386.0 k ≈ | 439.0 k ≈ | 323.0 k | 8.0 k |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 91.6 m | 156.7 m | 183.2 m | 252.8 m | 266.8 m | 310.6 m | 389.1 m | 250.3 m |
| Revenue YoY | unavailable | +71.0% | +16.9% | +38.0% | +5.6% | +16.4% | +25.3% | −35.7% |
| Net income | -33.3 m | -69.4 m | -55.7 m | -192.1 m | -268.8 m | -279.7 m | -288.7 m | -470.4 m |
| Net income YoY | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
| Diluted EPS | unavailable | unavailable | unavailable | -1.84 | -2.45 | -2.34 | -2.24 | -3.35 |
| Diluted EPS YoY | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
| net % | -36.4% | -44.3% | -30.4% | -76.0% | -100.8% | -90.1% | -74.2% | -187.9% |
| Free cash flow | -41.7 m | -63.6 m | -39.2 m | -90.3 m | -186.2 m | -87.6 m | -44.4 m | -192.1 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2026 · 30 Apr 2026
- Cash
- 66.2 m USD
- Financial debt
- unavailable USD
- Net debt
- unavailable USD
- Equity
- 653.8 m USD
- Total assets
- 816.3 m USD
- Debt / equity
- unavailable
- Current ratio
- 6.64x
- ROE
- -63.0%
- ROA
- -51.1%
- FCF margin
- -76.8%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 183.2 m | 252.8 m | 266.8 m | 310.6 m | 389.1 m | 250.3 m | SEC (XBRL)· 24 Jun 2026verified |
| Cost of revenue | 44.5 m | 63.7 m | 86.3 m | 132.0 m | 153.2 m | 172.9 m | SEC (XBRL)· 24 Jun 2026verified |
| Gross profit | 138.7 m | 189.0 m | 180.5 m | 178.6 m | 235.9 m | 77.4 m | SEC (XBRL)· 24 Jun 2026verified |
| Research & development | 68.9 m | 150.5 m | 210.7 m | 201.4 m | 226.4 m | 229.1 m | SEC (XBRL)· 24 Jun 2026verified |
| Operating income | -60.3 m | -196.1 m | -290.5 m | -318.3 m | -324.4 m | -498.5 m | SEC (XBRL)· 24 Jun 2026verified |
| Depreciation & amortisation | 4.3 m | 5.2 m | 6.1 m | 12.7 m | 12.6 m | 13.6 m | SEC (XBRL)· 24 Jun 2026verified |
| EBITDA | -56.0 m ≈ | -190.9 m ≈ | -284.4 m ≈ | -305.6 m ≈ | -311.8 m ≈ | -484.9 m ≈ | SEC (XBRL)· 24 Jun 2026derived |
| Pre-tax income | -55.0 m | -191.3 m | -268.2 m | -278.9 m | -287.7 m | -469.5 m | SEC (XBRL)· 24 Jun 2026verified |
| Income tax | 704.0 k | 789.0 k | 675.0 k | 792.0 k | 976.0 k | 822.0 k | SEC (XBRL)· 24 Jun 2026verified |
| Net income | -55.7 m | -192.1 m | -268.8 m | -279.7 m | -288.7 m | -470.4 m | SEC (XBRL)· 24 Jun 2026verified |
| Diluted EPS | — | -1.84 | -2.45 | -2.34 | -2.24 | -3.35 | SEC (XBRL)· 24 Jun 2026verified |
| Weighted average diluted shares | — | 104.4 m | 109.9 m | 119.4 m | 129.1 m | 140.5 m | SEC (XBRL)· 24 Jun 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 115.4 m | 339.5 m | 284.8 m | 167.1 m | 164.4 m | 66.2 m | SEC (XBRL)· 24 Jun 2026verified |
| Receivables | 65.5 m | 80.3 m | 134.6 m | 130.1 m | 137.2 m | 100.5 m | SEC (XBRL)· 24 Jun 2026verified |
| Current assets | 1.2 bn | 1.1 bn | 888.9 m | 904.4 m | 904.3 m | 708.0 m | SEC (XBRL)· 24 Jun 2026verified |
| Property, plant & equipment, net | 6.1 m | 14.5 m | 84.6 m | 88.6 m | 79.3 m | 66.9 m | SEC (XBRL)· 24 Jun 2026verified |
| Goodwill | 625.0 k | 625.0 k | 625.0 k | 625.0 k | 625.0 k | 625.0 k | SEC (XBRL)· 24 Jun 2026verified |
| Total assets | 1.2 bn | 1.2 bn | 1.1 bn | 1.0 bn | 1.0 bn | 816.3 m | SEC (XBRL)· 24 Jun 2026verified |
| Accounts payable | 12.1 m | 54.2 m | 24.6 m | 11.3 m | 15.2 m | 5.5 m | SEC (XBRL)· 24 Jun 2026verified |
| Current liabilities | 124.5 m | 150.2 m | 136.0 m | 102.3 m | 131.9 m | 106.6 m | SEC (XBRL)· 24 Jun 2026verified |
| Total liabilities | 135.3 m | 181.4 m | 173.4 m | 164.9 m | 187.6 m | 162.5 m | SEC (XBRL)· 24 Jun 2026verified |
| Equity | 1.1 bn † | 989.5 m † | 929.7 m † | 873.4 m † | 838.3 m † | 653.8 m † | SEC (XBRL)· 24 Jun 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -37.6 m | -86.5 m | -115.7 m | -62.4 m | -41.4 m | -190.2 m | SEC (XBRL)· 24 Jun 2026verified |
| Capex | 1.6 m | 3.8 m | 70.5 m | 25.3 m | 3.0 m | 1.9 m | SEC (XBRL)· 24 Jun 2026verified |
| Free cash flow | -39.2 m ≈ | -90.3 m ≈ | -186.2 m ≈ | -87.6 m ≈ | -44.4 m ≈ | -192.1 m ≈ | SEC (XBRL)· 24 Jun 2026derived |
| Investing cash flow | -767.2 m | 317.0 m | 59.9 m | -66.6 m | 16.4 m | 75.1 m | SEC (XBRL)· 24 Jun 2026verified |
| Financing cash flow | 887.4 m | 5.7 m | 621.0 k | 11.3 m | 22.2 m | 17.0 m | SEC (XBRL)· 24 Jun 2026verified |
| Share repurchases | 0 | 15.0 m | 0 | 0 | — | — | SEC (XBRL)· 18 Jun 2024verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
4 indicators that do not apply to the sector.
Valuation
olivLaw classification
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
03 Nov 2026Source: olivLaw, closing series
Market cap: 40.4 m USD
Key indicators
Coverage and freshness
Score by group
72% · Insufficient data
Estimated value range
unavailable — no valuation method could be computed
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
- DCF (discounted cash flow)unavailable · input data missing
- Peers: EV/Salesunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
no valuation method could be computed
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| Gross margin · Quality | 29.1% | 0 (on a fixed band) | 15% |
| EBIT margin · Quality | -203.1% | 10 (vs peers) | 12% |
| FCF margin · Quality | -67.0% | 0 (on a fixed band) | 12% |
| Revenue CAGR 3Y · Growth | -2.1% | 0 (on a fixed band) | 24% |
| Revenue growth (YoY) · Growth | -35.7% | 5 (vs peers) | 12% |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 6.2x | 100 (on a fixed band) | 9% |
| EV/Sales · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | -385.7% | 0 (on a fixed band) | 18% |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial100/100 · 1/2 factors with a value
- Growth2/100 · 2/2 factors with a value
- Quality3/100 · 3/3 factors with a value
- Returns· partialunavailable · 0/1 factors with a value
- Valuation· partial0/100 · 1/2 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
C3.ai, Inc. (AI). Latest full fiscal year: 2026; data up to 2026-07-31.
Figures computed from the financial statements: revenue 250.3 m USD in 2026; YoY growth -35.7%; net margin -192.1%; ROE -59.8%.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Current ratio: 6.2x
What contradicts it
- Gross margin: 29.1%
- EBIT margin: -203.1%
- FCF margin: -67.0%
- Revenue CAGR 3Y: -2.1%
- Revenue growth (YoY): -35.7%
- FCF yield: -385.7%
Not assessed (insufficient data or a ratio without meaning): Net debt / EBITDA, EV/Sales, Shareholder yield (distributions).
Versus the vertical median
Services-Prepackaged Software (SIC 7372) · same industry (4-digit SIC) · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| MSFTMicrosoft Corporation | 3,869.0 bn | 27.2 | 34.2% | 41.2% | +17.8% | +6% / +37% |
| PLTRPalantir Technologies Inc. | 422.6 bn | 123.0 | 41.2% | 50.3% | +56.2% | +4% / +775% |
| ORCLOracle Corporation | 381.6 bn | 19.7 | 41.6% | 26.4% | +17.3% | −38% / +9% |
| CRWDCrowdStrike Holdings, Inc. | 250.5 bn | 1,137.5 | 1.3% | 1.1% | +21.7% | +92% / +313% |
| CRMSalesforce, Inc. | 182.9 bn | 20.3 | 19.4% | 22.0% | +9.6% | −4% / −12% |
| NOWServicenow, Inc. | 113.3 bn | 78.3 | 11.8% | 9.4% | +20.9% | −33% / −20% |
| SNOWSnowflake Inc. | 104.1 bn | — | -48.2% | -20.1% | +29.2% | +17% / +57% |
| ADBEAdobe Inc. | 95.8 bn | 13.7 | 61.9% | 28.0% | +10.5% | −23% / −60% |
| INTUIntuit Inc. | 92.1 bn | 20.9 | 23.6% | 21.3% | +13.9% | −46% / −40% |
| CDNSCadence Design Systems, Inc. | 88.8 bn | 64.3 | 22.9% | 22.5% | +14.1% | +4% / +18% |
| SNPSSynopsys Inc | 88.7 bn | 81.8 | 3.7% | 11.4% | +15.1% | +11% / −15% |
| ADSKAutodesk, Inc. | 52.7 bn | 32.7 | 53.9% | 21.1% | +17.5% | −17% / +16% |
| VEEVVeeva Systems Inc. | 49.1 bn | 49.6 | 14.4% | 29.3% | +16.3% | +26% / +74% |
| TTWOTake-Two Interactive Software, Inc. | 36.5 bn | — | -9.0% | -4.8% | +18.2% | −21% / +23% |
| KCKingsoft Cloud Holdings Ltd | 34.1 bn | — | -13.1% | -9.8% | +28.2% | −38% / +74% |
| TWLOTwilio Inc. | 33.1 bn | 26.9 | 14.9% | 21.8% | +13.7% | +65% / +231% |
| RBLXRoblox Corporation | 32.5 bn | — | -478.2% | -16.5% | +35.8% | −52% / +16% |
| MDBMongodb, Inc. | 27.0 bn | 458.7 | 2.0% | 2.1% | +22.8% | +1% / −19% |
| PTCPTC Inc. | 21.1 bn | 18.9 | 35.1% | 41.4% | +19.2% | +11% / +23% |
| SSNCSs&C Technologies Holdings, Inc. | 19.0 bn | 23.3 | 12.7% | 13.2% | +6.6% | −6% / +44% |
| UUnity Software Inc. | 17.8 bn | — | -18.9% | -29.0% | +2.0% | −5% / +37% |
| NTNXNutanix, Inc. | 17.5 bn | 12.5 | 37,460.2% | 52.8% | +12.4% | +35% / +50% |
| TYLTyler Technologies, Inc. | 16.1 bn | 50.9 | 10.5% | 13.5% | +9.1% | −14% / −1% |
| DOCUDocusign, Inc. | 15.0 bn | 49.0 | 17.8% | 9.8% | +8.2% | +16% / +86% |
| DTDynatrace, Inc. | 13.5 bn | 87.4 | 6.4% | 7.4% | +18.8% | +6% / −12% |
1- and 3-year price returns: for AI from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 3 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 5 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
C3.ai is an enterprise AI software company offering a platform, industry applications and generative tools to large organizations. The company is in a restructuring after revenue fell in fiscal 2026, and its fiscal 2027 first-quarter revenue of 52.4 million USD suggests possible stabilization, though losses remain significant.
SWOT
Strengths
- The platform has a patented model-driven architecture that the company says reduces application development time 1.
- The revenue base is largely recurring, and the subscription share rose in the first quarter of fiscal 2027 23.
- The company holds substantial cash reserves, giving it time to execute the recovery plan 3.
Weaknesses
Opportunities
- If agentic AI and generative tools are widely adopted, the company could expand sales to existing customers 1.
- Government and defense customers appear to be growing, according to the company's release, which could support demand 3.
- The platform is industry agnostic, which could allow expansion into new sectors 1.
Risks
- Lack of profitabilityhigh
The company does not know whether or when it will reach profitability, and losses could continue 1. If revenue does not grow enough, the value of the business could decline 1.
- Dependence on large customershigh
The loss or reduced spending of large customers could seriously affect revenue and remaining performance obligations 1.
- Contract renewalsmedium
Customers have no obligation to renew subscriptions, and the company has limited experience with renewals of its AI products 1.
- Pace of technological changemedium
If products are not adapted quickly to new technologies, they could become less competitive 1.
- Execution of the restructuringmedium
The recovery plan depends on the productivity of reorganized sales teams and retention of senior management, both of which are uncertain 3.
Investment thesis
What would need to be true (bull case)
- If revenue stabilizes and cash flow stays positive, the company could show that its recovery plan is working 3.
- A higher share of recurring subscriptions and third-party recognition as a leader could support demand over the medium term 23.
- If generative and agentic products are widely adopted, the value of existing contracts could increase 1.
What would break the thesis
- Net losses remain large and the company has no clear timeline for profitability, which could limit results 13.
- The revenue decline of fiscal 2026 and the falling average contract value could persist if demand does not recover 1.
- Competition from large cloud and AI model providers could compress margins and slow customer acquisition 1.
What to watch
- Revenue guidance for fiscal Q2 2027 and whether it is achievedQ2 2027
- Full-year fiscal 2027 revenue guidance and non-GAAP operating loss2027
- Level of cash and free cash flow, to test the sustainability of the planQ2 2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
C3.ai develops the C3 Agentic AI Platform, an end-to-end environment for designing, deploying and operating enterprise AI applications, built on a patented model-driven architecture 1. On top of it the company offers ready-made industry applications and C3 Generative AI, which lets users retrieve and analyze data from their own sources with answers cited to source 1. In 2026 the company reorganized its offerings into a platform, a tooling layer and a portfolio of applications and modules 2.
The revenue model relies mainly on subscriptions, which made up 91% of revenue in fiscal 2026, with the rest from professional services 1. Customers typically begin with an initial production deployment and then pay a monthly fee plus compute consumption or a multi-period commitment 1. The company targets mainly large organizations in energy, industry, defense and financial services 1.
Subscriptions rose to 94% of revenue in the first quarter of fiscal 2027, suggesting a shift toward recurring revenue 23. The company cites a restructuring of its sales and services organization and the return of its founder as chief executive as part of the recovery plan 3.
Segments
C3 Agentic AI Platform and tooling
The platform is the base layer on which all other products run, and C3 AI Studio and C3 Code are the tools engineers and analysts use to build applications 12. C3 Code generates applications from natural-language instructions, which the company describes as reducing manual work 1.
Market context
The target market is platforms and applications for enterprise data, machine learning and AI, which the company describes as evolving quickly 1. The company intends to widen its customer base to smaller organizations with lower entry prices, but notes its experience there is limited 1.
The number of initial production deployment agreements fell to 71 in fiscal 2026, which could reflect stricter project selection or weaker demand 1. The market remains sensitive to large customers' budget cycles, which could influence whether the trend reverses 1.
Trends
- Adoption of generative and agentic AItailwind
The company links growth to demand for AI agents that can carry out multi-step tasks, an area where it reports patent protection 1. If customers adopt these products, the value of each contract could increase.
- Sales force restructuringmixed
The company says the restructuring of its sales organization disrupted fiscal 2026, but reports a recovery in results in the following quarter 13. The outcome depends on how productive the reorganized teams become.
- Losses and cash consumption pressureheadwind
The company has reported net losses every year since its founding and expects costs to keep rising 1. In fiscal Q1 2027 free cash flow was slightly positive, but the non-GAAP operating loss remained significant 3.
Competitive position
The supplied sources do not detail competitors, but the company positions itself against providers of data, machine learning and analytics platforms as well as industry application vendors 1. The company notes its partnerships with cloud providers and consultancies can act as both collaboration and competition 1.
Forrester Research named the company a leader in enterprise AI, which the company presents as a reputational advantage 3. Competitive pressure increases if customers choose alternative platforms instead of migrating to new capabilities 1.
- Cloud and data platform providers
Cloud partners of C3.ai may also offer competing machine learning and data services, making the relationship both collaborative and competitive 1.
- Consulting firms and systems integrators
Consulting firms named in the sources could develop their own AI solutions for clients, competing with the company's products 1.
- Enterprise industry application vendors
Vendors of enterprise planning and supply chain software could offer similar modules, though the sources mainly describe them as integration partners 1.
- Generative AI model platforms
Large language model providers could offer enterprise search and chat directly, an area the company covers with C3 Generative AI 1.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
- C3.ai Jumps 7% as Software Rally Lifts Beaten-Down AI Names; UiPath Climbs 8%, SoundHound AI Gains 5%Yahoo Finance — News · 14 Sept 2026 · EN
- C3.ai vs. CrowdStrike: Which Technology Stock Is a Better Buy in 2026?Yahoo Finance — News · 14 Sept 2026 · EN
- C3.ai (AI) Just Posted Its Most Promising Quarter In YearsYahoo Finance — News · 13 Sept 2026 · EN
- C3.ai Stock Has Plummeted by 22% in 2026. Buy the Dip, or Run for the Hills?Yahoo Finance — News · 09 Sept 2026 · EN
- Snowflake and C3.ai Reported the Same Night. Only One AI Story WonYahoo Finance — News · 07 Sept 2026 · EN
- C3.ai Bookings Jumped 73% and Free Cash Flow Turned Positive. Is the $7 Bear Case Breaking?Yahoo Finance — News · 03 Sept 2026 · EN
- C3.ai Q1 Earnings Call HighlightsYahoo Finance — News · 02 Sept 2026 · EN
- C3.ai vs. Intuit: Which Software Stock Is a Better Investment in 2026 as Both Hover Near 52-Week Lows?Yahoo Finance — News · 30 Aug 2026 · EN
- C3.ai vs. UiPath: Which Artificial Intelligence Stock Is a Better Investment in 2026?Yahoo Finance — News · 29 Aug 2026 · EN
- C3.ai vs. Oracle: Which Artificial Intelligence Stock Is a Better Investment in 2026?Yahoo Finance — News · 27 Aug 2026 · EN
- How C3 AI agents will automate predictive maintenance for ShellAI News · 05 Jun 2026 · EN
The latest news item in our archive is from 14 Sept 2026; the newest SEC filing is from 30 Oct 2026. The press archive comes from the RSS feeds we follow and does not necessarily cover the latest event — the filings alongside do.
SEC filings
- Current report30 Oct 2026Shareholder vote
- Quarterly report09 Sept 2026
- Current report02 Sept 2026Results of operations · Financial statements and exhibits
- Proxy statement28 Aug 2026
- Current report27 Aug 2026Departure or appointment of officers
- Current report17 Jul 2026Other events
- Annual report24 Jun 2026
- Current report16 Jun 2026Departure or appointment of officers
- Current report03 Jun 2026Results of operations · Financial statements and exhibits
- Current report12 May 2026Results of operations · Departure or appointment of officers · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2026-04-30 · SEC / C3.ai, Inc. · 24 Jun 2026
- [2] Form 10-Q, quarter ended 2026-07-31 · SEC / C3.ai, Inc. · 09 Sept 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / C3.ai, Inc. · 02 Sept 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.