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C3.ai, Inc.'s published Sell conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.
| Market cap | $1.9B | |
|---|---|---|
| Revenue (ttm) | 232.4M | |
| Net income (ttm) | -446.4M | |
| EPS (ttm) | -$3.07 | |
| Shares out | 160.8M | |
| Volume | 3,746,029 | |
| Beta | 2.10 |
Recent price action with selectable time range.
| Item | P1 | P2 | P3 | P4 | P5 | Trend |
|---|---|---|---|---|---|---|
| Period | 2022-04-30 | 2023-04-30 | 2024-04-30 | 2025-04-30 | 2026-04-30 | Trend |
| Revenue | $252.8M | $266.8M | $310.6M | $389.1M | $250.3M | -0.2% |
| Gross profit | $189.0M | $180.5M | $178.6M | $235.9M | $77.4M | -20.0% |
| Operating income | $-196.1M | $-290.5M | $-318.3M | $-324.4M | $-498.5M | — |
| Net income | $-192.1M | $-268.8M | $-279.7M | $-288.7M | $-470.4M | — |
| EPS (diluted) | $-1.84 | $-2.45 | $-2.34 | $-2.24 | $-3.35 | — |
| EBITDA | $-186.1M | $-262.1M | $-266.2M | $-275.1M | $-456.0M | — |
| R&D | $150.5M | $210.7M | $201.4M | $226.4M | $229.1M | +11.1% |
| SG&A | $61.0M | $77.2M | $81.4M | $94.2M | $98.6M | +12.7% |
Recent company headlines from major financial publishers.
In the Base case, C3.ai navigates a guided FY2027 revenue contraction to $221.7M before returning to 10.8% growth in FY2028. Forward-deployed engineering investments gradually taper as the atomic AI platform automates pipeline development, allowing operating margins to cross into profitability by FY2030 (+2.0%) and reach 12.0% by FY2031. This anchors the house fair value at $6.43.
In the Bull case, federal defense momentum (+138% YoY in Q1 FY2027) and commercial pilot conversions accelerate top-line revenue well above consensus expectations. Forward-deployed engineers successfully embed within Fortune 500 accounts, triggering multi-year software expansions without requiring ongoing services headcount. Operating margins inflect positively earlier than forecast, lifting the fair value upper bound toward $9.13.
| Ke ↓ / g → | 2.0% | 2.3% | 2.5% | 2.8% | 3.0% |
|---|---|---|---|---|---|
| 11.2% | $6.80 | $6.81 | $6.82 | $6.83 | $6.84 |
| 11.7% | $6.72 | $6.72 | $6.73 | $6.74 | $6.75 |
| 12.2% | $6.41 | $6.42 | $6.43 | $6.43 | $6.44 |
| 12.7% | $6.55 | $6.56 | $6.56 | $6.57 | $6.57 |
| 13.2% | $6.47 | $6.48 | $6.48 | $6.49 | $6.49 |
Upcoming earnings date and setup when available.
The rating each month's published research edition carried. A rating compares the price at analysis with the Fair value; it is not a record of whether the call was right.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 |
