C3ai Inc
AI
$15.08 -1.57%
Exchange: NYSE | Sector: Technology | Industry: Information Technology Services
Q1 2025
Published: Sep 5, 2024

Earnings Highlights

  • Revenue of $87.21M up 20.5% year-over-year
  • EPS of $-0.50 increased by 10.7% from previous year
  • Gross margin of 59.8%
  • Net income of -62.83M
  • ""We are off to a solid start for fiscal year '25. In Q1, we exceeded all expectations for revenue, cash flow and profitability. This quarter marked our sixth consecutive quarter of accelerating revenue growth."" - Thomas Siebel
AI
Company AI

Executive Summary

C3.ai reported QQ1 2025 total revenue of $87.2 million, up 21% year over year, with subscription revenue of $73.5 million (84% of total) rising 20% YoY. Non-GAAP gross profit was $60.9 million, for a gross margin of 70%, while GAAP operating loss totaled $72.6 million and non-GAAP operating loss was $16.6 million, underscoring near-term profitability headwinds from growth investments and pilot-driven revenue mix. Management reiterated a strategic pathway to profitability driven by scale: expected revenue growth to outpace expense growth over time, with free cash flow positive in Q4 FY25 and the full year FY25. The quarter featured robust bookings and a diversified partner strategy, including 40 Google Cloud deals and 51 new partner agreements, with public sector (federal and state/local) bookings signaling material addressable market expansion. The company also emphasized the differentiated C3 AI platform and pre-built generative AI applications, which underpin rapid deployment and measurable enterprise value. Looking ahead, C3.ai maintained FY25 revenue guidance of $370–$395 million and Q2 revenue guidance of $88.6–$93.6 million, signaling confidence in continued demand across enterprise AI use cases, including public sector, energy, manufacturing, and financial services.

Key Performance Indicators

Revenue
Increasing
87.21M
QoQ: 0.72% | YoY: 20.52%
Gross Profit
Increasing
52.17M
59.81% margin
QoQ: 1.08% | YoY: 28.65%
Operating Income
Increasing
-72.59M
QoQ: 11.81% | YoY: 2.03%
Net Income
Increasing
-62.83M
QoQ: 13.85% | YoY: 2.38%
EPS
Increasing
-0.50
QoQ: 15.25% | YoY: 10.71%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q1 2026 70.26 -0.86 -19.4% View
Q4 2025 108.72 -0.60 +25.6% View
Q3 2025 98.78 -0.62 +26.0% View
Q2 2025 94.34 -0.52 +28.8% View
Q1 2025 87.21 -0.50 +20.5% View