C3ai Inc

For the period ended Jul 31, 2024. Filed Sep 5, 2024.

About this filing

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.

Jul 31, 2024 · Filed Sep 5, 2024

AI$12.00+2.7%Stored close · as of Nov 9, 2026

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Contents

Condensed Consolidated Statements of Operations

(In thousands, except per share data)

	Three Months Ended July 31,
	2024	2023
Revenue
Subscription(1)	$73,456	$61,352
Professional services(2)	13,757	11,010
Total revenue	87,213	72,362
Cost of revenue
Subscription	33,292	30,434
Professional services	1,755	1,379
Total cost of revenue	35,047	31,813
Gross profit	52,166	40,549
Operating expenses
Sales and marketing(3)	52,125	43,885
Research and development	52,927	50,868
General and administrative	19,700	19,889
Total operating expenses	124,752	114,642
Loss from operations	(72,586)	(74,093)
Interest income	10,003	10,122
Other income (expense), net	28	(239)
Loss before provision for income taxes	(62,555)	(64,210)
Provision for income taxes	272	148
Net loss	$(62,827)	$(64,358)
Net loss per share attributable to Class A and Class B common stockholders, basic and diluted	$(0.50)	$(0.56)
Weighted-average shares used in computing net loss per share attributable to Class A and Class B common stockholders, basic and diluted	124,979	115,681

(1)Including related party revenue of $10,581 for the three months ended July 31, 2023.

(2)Including related party revenue of $5,804 for the three months ended July 31, 2023.

(3)Including related party sales and marketing expense of $810 for the three months ended July 31, 2023.

ContentsView on SEC.gov

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