What is C3.ai's invested capital?

C3.ai (AI) reported invested capital of $623.43M in Q4 2025.

How has C3.ai's invested capital changed year-over-year?

C3.ai's invested capital decreased by 14.2% year-over-year, from $727.01M to $623.43M.

What is the long-term trend for C3.ai's invested capital?

Over 4 years (2021 to 2025), C3.ai's invested capital has grown at a -6.7% compound annual growth rate (CAGR), from $950.55M to $721.67M.

What does invested capital mean?

Total debt plus shareholders' equity minus cash, at the quarter end. The capital actually put to work in the operating business — the denominator of return on invested capital (ROIC).

C3.ai AI Invested capital

Discontinued — last reported Q3 '26

Invested capital at other companies

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18.8%+0.1pp

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12.2%+0.5pp

Cabot CorporationCBT

14.7%-6.0pp

UnifirstUNF

6.2%-0.9pp

Envista Holdings CorporationNVST

3.4%+1.8pp

Liberty Broadband CorporationLBRDK

-0.3%-0.1pp

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$1.45B-54.3%

Enterprise value$1.35B-55.7%

P/S4.7×-3.4×

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

See full

Return on equity-55%+138pp

Debt / equity0×0.0×

Current ratio6.6×-0.2×

Where this comes from

Calculated from C3.ai’s reported figures.

$5.4Mtotal debt+$719.5Mtotal stockholders equity−$101.4Mcash and equivalents=$623.43M

The official record: C3.ai’s 10-Q, filed March 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is C3.ai's invested capital?: C3.ai (AI) reported invested capital of $623.43M in Q4 2025.
How has C3.ai's invested capital changed year-over-year?: C3.ai's invested capital decreased by 14.2% year-over-year, from $727.01M to $623.43M.
What is the long-term trend for C3.ai's invested capital?: Over 4 years (2021 to 2025), C3.ai's invested capital has grown at a -6.7% compound annual growth rate (CAGR), from $950.55M to $721.67M.
What does invested capital mean?: Total debt plus shareholders' equity minus cash, at the quarter end. The capital actually put to work in the operating business — the denominator of return on invested capital (ROIC).