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C3.ai
🇺🇸 NYSE:AI
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•
Jul 31, 2024

C3.ai Q1 2025 Earnings Report

C3.ai experienced rising demand for Enterprise AI, driving its sixth consecutive quarter of accelerating revenue growth.

Key Takeaways

C3.ai reported a solid start to the fiscal year with accelerating revenue growth driven by rising demand for Enterprise AI. Total revenue increased by 21% compared to the previous year, with subscription revenue constituting a significant portion. The company closed 71 agreements, including 52 pilots, demonstrating strong momentum in Manufacturing and State and Local Government.

Total revenue for the quarter was $87.2 million, an increase of 21% compared to $72.4 million one year ago.

Subscription revenue for the quarter was $73.5 million, an increase of 20% compared to $61.4 million one year ago.

GAAP gross profit for the quarter was $52.2 million, representing a 60% gross margin.

The Company closed 71 agreements (an increase of 122% year-over-year) including 52 pilots (an increase of 117% year-over-year).

Total Revenue
$87.2M
Previous year: $72.4M
+20.5%
EPS
-$0.05
Previous year: -$0.09
-44.4%
Gross Margin
60%
Previous year: 0.56%
+10614.3%
Gross Profit
$52.2M
Previous year: $40.5M
+28.6%
Cash and Equivalents
$134M
Previous year: $206M
-35.2%
Free Cash Flow
$7.12M
Previous year: -$8.9M
-180.0%
Total Assets
$1.06B
Previous year: $1.09B
-2.9%

C3.ai

C3.ai

C3.ai Revenue by Segment

Forward Guidance

The Company’s guidance includes GAAP and non-GAAP financial measures. The following table summarizes C3 AI’s guidance for the second quarter of fiscal 2025 and full-year fiscal 2025

Positive Outlook

  • Total revenue for Q2 Fiscal 2025 is expected to be $88.6 - $93.6 million
  • Total revenue for Full Year Fiscal 2025 is expected to be $370.0 - $395.0 million
  • Non-GAAP loss from operations for Q2 Fiscal 2025 is expected to be $(26.7) - $(34.7) million
  • Non-GAAP loss from operations Full Year Fiscal 2025 is expected to be $(95.0) - $(125.0) million
  • The company is experiencing rising demand for Enterprise AI

Challenges Ahead

  • Uncertainty regarding expenses that may be incurred in the future
  • Variability of expenses that may be incurred in the future
  • Stock-based compensation expense-related charges are impacted by the timing of employee stock transactions
  • Stock-based compensation expense-related charges are impacted by the future fair market value of our common stock
  • Stock-based compensation expense-related charges are impacted by our future hiring and retention needs

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

View C3.ai