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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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Fiscal Year Ended April 30, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Cash flows from operating activities: | |||
| Net loss | $(288,702) | $(279,696) | $(268,839) |
| Adjustments to reconcile net loss to net cash used in operating activities | |||
| Depreciation and amortization | 12,607 | 12,719 | 6,088 |
| Non-cash operating lease cost | 358 | 742 | 6,992 |
| Stock-based compensation expense | 230,988 | 215,761 | 216,542 |
| Accretion of discounts on marketable securities | (13,459) | (17,214) | (4,558) |
| Other | 2,800 | 98 | 249 |
| Changes in operating assets and liabilities | |||
| Accounts receivable(1) | (9,120) | 4,522 | (54,517) |
| Prepaid expenses, other current assets and other assets(2) | 1,909 | 3,208 | (576) |
| Accounts payable(3) | 3,635 | (12,883) | (22,041) |
| Accrued compensation and employee benefits | 8,705 | (6,218) | 3,193 |
| Operating lease liabilities | 450 | 17,332 | 13,641 |
| Other liabilities(4) | 10,823 | 8,155 | (10,573) |
| Deferred revenue(5) | (2,401) | (8,888) | (1,292) |
| Net cash used in operating activities | (41,407) | (62,362) | (115,691) |
| Cash flows from investing activities: | |||
| Purchases of property and equipment | (3,039) | (25,256) | (70,518) |
| Capitalized software development costs | — | (2,750) | (1,000) |
| Purchases of investments | (647,015) | (827,901) | (745,249) |
| Maturities and sales of investments | 666,450 | 789,292 | 876,713 |
| Net cash provided by (used in) investing activities | 16,396 | (66,615) | 59,946 |
| Cash flows from financing activities: | |||
| Taxes paid related to net share settlement of equity awards | (9,079) | (13,220) | (6,940) |
| Proceeds from issuance of Class A common stock under employee stock purchase plan | 10,879 | 10,763 | 3,093 |
| Proceeds from exercise of Class A common stock options | 20,423 | 13,751 | 4,468 |
| Net cash provided by financing activities | 22,223 | 11,294 | 621 |
| Net decrease in cash, cash equivalents and restricted cash | (2,788) | (117,683) | (55,124) |
| Cash, cash equivalents and restricted cash at beginning of period | 179,712 | 297,395 | 352,519 |
| Cash, cash equivalents and restricted cash at end of period | $176,924 | $179,712 | $297,395 |
| Cash and cash equivalents | 164,358 | 167,146 | 284,829 |
| Restricted cash included in other assets, non-current | 12,566 | 12,566 | 12,566 |
| Total cash, cash equivalents and restricted cash | $176,924 | $179,712 | $297,395 |
| Fiscal Year Ended April 30, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Supplemental disclosure of cash flow information - cash paid for income taxes | $920 | $975 | $578 |
| Supplemental disclosures of non-cash investing and financing activities: | |||
| Purchases of property and equipment included in accounts payable and accrued liabilities | $311 | $474 | $13,814 |
| Right-of-use assets obtained in exchange for lease obligations (including remeasurement of right-of-use assets and lease liabilities due to changes in the timing of receipt of lease incentives) | $1,016 | $1,833 | $(5,589) |
| Right-of-use assets obtained in exchange for lease obligations arising from lease modifications | $— | $— | $3,093 |
| Unpaid liabilities related to intangible purchases | $— | $— | $1,500 |
| Receivable from exercise of stock options included in prepaid expenses, other current assets and other assets | $— | $3 | $61 |
| Vesting of early exercised stock options | $195 | $507 | $1,006 |
(1)Including changes in related party balances of $12,444 and $38,772 for the fiscal years ended April 30, 2024 and 2023, respectively.
(2)Including changes in related party balances of $(810) and $(4,741) for the fiscal years ended April 30, 2024 and 2023, respectively.
(3)Including changes in related party balances of $248 and $(16,349) for the fiscal years ended April 30, 2024 and 2023, respectively.
(4)Including changes in related party balances of $(2,448) and $(2,510) for the fiscal years ended April 30, 2024 and 2023, respectively.
(5)Including changes in related party balances of $(46) and $117 for the fiscal years ended April 30, 2024 and 2023, respectively.
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