C3ai Inc
For the period ended Jan 31, 2024. Filed Feb 29, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jan 31, 2024 · Filed Feb 29, 2024
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Condensed Consolidated Balance Sheets
(In thousands, except for share and per share data)
| January 31, 2024 | April 30, 2023 | |
|---|---|---|
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $114,561 | $284,829 |
| Marketable securities | 608,761 | 446,155 |
| Accounts receivable, net of allowance of $359 and $359 as of January 31, 2024 and April 30, 2023, respectively(1) | 173,478 | 134,586 |
| Prepaid expenses and other current assets(2) | 29,227 | 23,309 |
| Total current assets | 926,027 | 888,879 |
| Property and equipment, net | 91,003 | 84,578 |
| Goodwill | 625 | 625 |
| Long-term marketable securities | — | 81,418 |
| Other assets, non-current(3) | 46,334 | 47,528 |
| Total assets | $1,063,989 | $1,103,028 |
| Liabilities and stockholders’ equity | ||
| Current liabilities | ||
| Accounts payable(4) | $19,845 | $24,610 |
| Accrued compensation and employee benefits | 37,822 | 46,513 |
| Deferred revenue, current(5) | 39,121 | 47,846 |
| Accrued and other current liabilities(6) | 12,391 | 17,070 |
| Total current liabilities | 109,179 | 136,039 |
| Deferred revenue, non-current | 2,183 | 4 |
| Other long-term liabilities | 54,632 | 37,320 |
| Total liabilities | 165,994 | 173,363 |
| Commitments and contingencies (note 6) | ||
| Stockholders’ equity | ||
| Class A common stock | 118 | 110 |
| Class B common stock | 3 | 3 |
| Additional paid-in capital | 1,914,450 | 1,740,174 |
| Accumulated other comprehensive income (loss) | 430 | (385) |
| Accumulated deficit | (1,017,006) | (810,237) |
| Total stockholders’ equity | 897,995 | 929,665 |
| Total liabilities and stockholders’ equity | $1,063,989 | $1,103,028 |
(1)Including amounts from a related party of $74,620 as of April 30, 2023.
(2)Including amounts from a related party of $4,983 as of April 30, 2023.
(3)Including amounts from a related party of $11,279 as of April 30, 2023.
(4)Including amounts due to a related party of $2,200 as of April 30, 2023.
(5)Including amounts from a related party of $249 as of April 30, 2023.
(6)Including amounts due to a related party of $2,448 as of April 30, 2023.
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