C3ai Inc
For the period ended Apr 30, 2025. Filed Jun 23, 2025.
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FY2025 · Filed Jun 23, 2025
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Consolidated Statements of Operations
(In thousands, except per share data)
| Fiscal Year Ended April 30, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Revenue | |||
| Subscription(1) | $327,630 | $278,104 | $230,443 |
| Professional services(2) | 61,426 | 32,478 | 36,352 |
| Total revenue | 389,056 | 310,582 | 266,795 |
| Cost of revenue | |||
| Subscription | 143,841 | 128,469 | 78,423 |
| Professional services | 9,352 | 3,553 | 7,914 |
| Total cost of revenue | 153,193 | 132,022 | 86,337 |
| Gross profit | 235,863 | 178,560 | 180,458 |
| Operating expenses | |||
| Sales and marketing(3) | 239,659 | 214,167 | 183,121 |
| Research and development | 226,391 | 201,365 | 210,660 |
| General and administrative | 94,237 | 81,370 | 77,170 |
| Total operating expenses | 560,287 | 496,902 | 470,951 |
| Loss from operations | (324,424) | (318,342) | (290,493) |
| Interest income | 36,189 | 40,079 | 21,979 |
| Other income (expense), net | 509 | (641) | 350 |
| Loss before provision for income taxes | (287,726) | (278,904) | (268,164) |
| Provision for income taxes | 976 | 792 | 675 |
| Net loss | $(288,702) | $(279,696) | $(268,839) |
| Net loss per share attributable to Class A and Class B common stockholders, basic and diluted | $(2.24) | $(2.34) | $(2.45) |
| Weighted-average shares used in computing net loss per share attributable to Class A and Class B common stockholders, basic and diluted | 129,089 | 119,362 | 109,851 |
(1)Including related party revenue of $10,581 and $75,452 for the fiscal years ended April 30, 2024 and 2023, respectively.
(2)Including related party revenue of $5,804 and $16,774 for the fiscal years ended April 30, 2024 and 2023, respectively.
(3)Including related party sales and marketing expense of $810 and $13,962 for the fiscal years ended April 30, 2024 and 2023, respectively.
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