C3.ai, Inc. (AI) Income Statement
AI FY2026 at a glance
Fiscal year ended April 30, 2026 · U.S. dollarsAI revenue and net income
Where AI's revenue goes
FY2026Each bar shows an amount and its share of revenue. AI kept −187.9% of revenue as net income.
AI profit margins
AI growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −35.7% | −2.1% | +6.4% | — |
| Gross profit | −67.2% | −24.6% | −11.0% | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
AI quarterly EPS vs estimates
C3.ai beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: December 2, 2026 (estimate $-0.58).
AI income statement
| 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 |
| 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 |
| Research & development | $229.1M | $226.4M | $201.4M | $210.7M | $150.5M | $68.9M | $64.5M | $37.3M |
| Sales, general & admin | $336.0M | $333.9M | $295.5M | $260.3M | $234.6M | $130.1M | $124.8M | $59.9M |
| Total operating expenses | $565.1M | $560.3M | $496.9M | $471.0M | $385.2M | $199.0M | $189.4M | $97.3M |
| Operating income | −$487.7M | −$324.4M | −$318.3M | −$290.5M | −$196.1M | −$60.3M | −$71.5M | −$36.0M |
| Interest income | $28.4M | $36.2M | $40.1M | $22.0M | $1.8M | $1.3M | $4.5M | $4.5M |
| Interest expense | — | — | — | $22.3M | $1.8M | $5.3M | $2.5M | $3.0M |
| Income before taxes | −$469.5M | −$287.7M | −$278.9M | −$268.2M | −$191.3M | −$55.0M | −$69.0M | −$33.1M |
| Income taxes | $822,000 | $976,000 | $792,000 | $675,000 | $789,000 | $704,000 | $380,000 | $266,000 |
| Net income | −$470.4M | −$288.7M | −$279.7M | −$268.8M | −$192.1M | −$55.7M | −$69.4M | −$33.3M |
| EBITDA | −$456.0M | −$275.1M | −$266.2M | −$262.1M | −$186.1M | −$56.0M | −$70.2M | −$35.5M |
| EPS (diluted) | −$1.35 | −$0.39 | −$0.46 | −$0.42 | −$0.74 | −$0.70 | $0.60 | $1.23 |
| Gross margin | 30.9% | 60.6% | 57.5% | 67.6% | 74.8% | 75.7% | 75.2% | 66.8% |
| Operating margin | −194.9% | −83.4% | −102.5% | −108.9% | −77.6% | −32.9% | −45.6% | −39.3% |
| Net margin | −187.9% | −74.2% | −90.1% | −100.8% | −76.0% | −30.4% | −44.3% | −36.4% |
| Jul '26 | Apr '26 | Jan '26 | Oct '25 | Jul '25 | Apr '25 | Jan '25 | Oct '24 | Jul '24 | Apr '24 | Jan '24 | Oct '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $52.4M | $51.6M | $53.3M | $75.1M | $70.3M | $108.7M | $98.8M | $94.3M | $87.2M | $86.6M | $78.4M | $73.2M |
| Cost of revenue | $35.7M | $40.3M | $44.0M | $44.8M | $43.8M | $41.2M | $40.4M | $36.5M | $35.0M | $35.0M | $33.1M | $32.1M |
| Gross profit | $16.7M | $11.3M | $9.2M | $30.4M | $26.4M | $67.5M | $58.3M | $57.8M | $52.2M | $51.6M | $45.3M | $41.1M |
| Research & development | $46.5M | $47.3M | $58.8M | $58.4M | $64.7M | $58.4M | $59.4M | $55.7M | $52.9M | $50.6M | $49.5M | $50.4M |
| Sales, general & admin | $67.7M | $74.4M | $90.8M | $84.1M | $86.6M | $98.1M | $86.6M | $77.4M | $71.8M | $83.3M | $78.4M | $70.1M |
| Total operating expenses | $114.9M | $121.7M | $149.6M | $142.5M | $151.3M | $156.5M | $145.9M | $133.1M | $124.8M | $133.9M | $127.8M | $120.5M |
| Operating income | −$98.3M | −$110.3M | −$140.4M | −$112.1M | −$124.8M | −$89.0M | −$87.6M | −$75.3M | −$72.6M | −$82.3M | −$82.5M | −$79.4M |
| Interest income | $6.0M | $6.0M | $6.7M | $7.5M | $8.2M | $7.9M | $8.7M | $9.6M | $10.0M | $9.5M | $10.0M | $10.5M |
| Income before taxes | −$92.6M | −$115.5M | −$133.2M | −$104.4M | −$116.5M | −$79.6M | −$79.9M | −$65.7M | −$62.6M | −$73.0M | −$72.1M | −$69.6M |
| Income taxes | $163,000 | $111,000 | $174,000 | $237,000 | $300,000 | $111,000 | $336,000 | $257,000 | $272,000 | −$71,000 | $489,000 | $226,000 |
| Net income | −$92.8M | −$115.6M | −$133.4M | −$104.7M | −$116.8M | −$79.7M | −$80.2M | −$66.0M | −$62.8M | −$72.9M | −$72.6M | −$69.8M |
| EBITDA | −$89.2M | −$115.5M | −$129.8M | −$101.0M | −$113.1M | −$76.2M | −$76.7M | −$62.7M | −$59.4M | −$69.7M | −$68.9M | −$66.4M |
| EPS (diluted) | −$0.60 | −$0.33 | −$0.40 | −$0.25 | −$0.37 | −$0.16 | −$0.12 | −$0.06 | −$0.05 | −$0.11 | −$0.13 | −$0.13 |
| Gross margin | 31.8% | 21.9% | 17.3% | 40.4% | 37.6% | 62.1% | 59.1% | 61.3% | 59.8% | 59.6% | 57.8% | 56.1% |
| Operating margin | −187.6% | −213.8% | −263.6% | −149.2% | −177.7% | −81.8% | −88.7% | −79.8% | −83.2% | −95.1% | −105.3% | −108.4% |
| Net margin | −177.2% | −224.0% | −250.4% | −139.3% | −166.2% | −73.3% | −81.2% | −69.9% | −72.0% | −84.2% | −92.6% | −95.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in AI's financial statements (latest annual report filed June 24, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
AI financial results
In fiscal year 2026 (ended April 30, 2026), C3.ai reported revenue of $250.3 million, down 35.7% from the year before. It had a net loss of $470.4 million, a net profit margin of −187.9%. Diluted earnings per share came to −$1.35. Over five years revenue grew at an average rate of 6.4% a year.
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AI income statement FAQ
What is C3.ai's annual revenue?
C3.ai reported total revenue of $250.3 million for fiscal year 2026, which ended on April 30, 2026. That was down 35.7% from $389.1 million the previous year.
Is C3.ai profitable?
No. C3.ai reported a net loss of $470.4 million in fiscal 2026, a net profit margin of −187.9%; its operating margin was −194.9%.
What is C3.ai's gross margin?
C3.ai's gross margin was 30.9% in fiscal 2026: for every $100 of revenue, C3.ai kept $31 after the direct cost of its products and services.
How much does C3.ai spend on research and development?
C3.ai spent $229.1 million on research and development in fiscal 2026, 91.5% of revenue.
How fast is C3.ai growing?
Revenue grew 6.4% a year on average over the last five fiscal years, from $183.2 million to $250.3 million.
What are C3.ai's earnings per share?
C3.ai earned $-1.35 per diluted share in fiscal 2026, compared with $-0.39 a year earlier.
When will C3.ai report its next earnings?
C3.ai is expected to report results for the quarter ending October 31, 2026 on December 2, 2026.
When does C3.ai's fiscal year end?
C3.ai's fiscal year ends in April. The latest annual report covers the year ended April 30, 2026 and was filed on June 24, 2026.