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C3.ai AI Software Licenses — Total Revenue

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Other financials

Income statement

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Revenue$53.3M-46.1%
Gross profit$9.2M-84.2%
Operating income-$140.4M-60.3%
Net income-$133.4M-66.3%
EPS (diluted)-$0.94-51.6%

Balance sheet

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Cash & equivalents$101.4M-26.3%
Total debt$5.4M+19.7%
Total equity$719.5M-16.4%
Total assets$895.8M-15.1%

Cash flow

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Operating cash flow-$55.8M-153%
CapEx$439.0K+21.3%
Free cash flow-$56.2M-151%

Valuation

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Market cap$1.59B-27.0%
Enterprise value$1.49B-28.5%
P/S5.2×-0.7×

Profitability

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Gross margin43.5%-16.5pp
Operating margin-151.7%+459pp
Net margin-141.4%+740pp
FCF margin-35.9%-12.9pp

Returns & leverage

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Return on equity-55%+138pp
Debt / equity0.0×
Current ratio6.6×-0.2×

Where this comes from

Reported directly by C3.ai in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: C3.ai’s 10-Q, filed March 11, 2026.

Filed
Mar 11, 2026, 12:00 AM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q1 2026
Accession
0001577526-26-000024

Revenue is recognized at the time the related performance obligation is satisfied with the transfer of a promised good or service to a customer over time. For the significant majority of the Company’s offerings, software and maintenance and support services are highly interdependent and interrelated and represent a single performance obligation within the context of the contract and are generally satisfied over time. Revenue from software licenses that do not require maintenance and support services is recognized when the control of the software is transferred to the customer. Revenue from such software licenses was zero and $28.6 million during the three months ended January 31, 2026 and January 31, 2025, respectively, and $39.8 million and $60.4 million during the nine months ended January 31, 2026 and 2025, respectively.

ITEM 1. FINANCIAL STATEMENTS (UNAUDITED)

FAQ

What is C3.ai's software licenses — total revenue?
C3.ai (AI) reported software licenses — total revenue of $0 in Q4 2025.
How has C3.ai's software licenses — total revenue changed year-over-year?
C3.ai's software licenses — total revenue decreased by 100.0% year-over-year, from $28.6M to $0.
What is the long-term trend for C3.ai's software licenses — total revenue?
Over 2 years (2023 to 2025), C3.ai's software licenses — total revenue has grown at a 128.8% compound annual growth rate (CAGR), from $18M to $94.2M.
What does software licenses — total revenue mean?
This metric represents the total revenue generated from the sale of perpetual or term-based software licenses within the enterprise AI segment. It reflects the company's ability to monetize its core intellectual property and software platform through direct licensing agreements with customers. Growth in this area indicates successful market adoption of the company's proprietary technology stack and its ability to secure high-value enterprise contracts.

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