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C3 AI delivers a family of fully integrated products including the C3 Agentic AI Platform, an end-to-end platform for developing, deploying, and operating Enterprise AI applications; C3 AI Applications, a portfolio of industry-specific Enterprise AI applications that enable the digital transformation of organizations globally; and C3 Generative AI library of agentic AI applications to retrieve …
The business is unprofitable at the operating level (-83.39% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue up 25.3% YoY with margins expanding 19.1pp.
Negative free cash flow of -$44M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$307M
▲ +25.3% YoY
Net Income (TTM)
-$435M
▼ -3.2% YoY
Op. Margin
-151.70%
▲ +19.1pp YoY
ROIC
-45.97%
▼ -1.5pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$127M
▲ +49.3% YoY
Op. Cash Flow (TTM)
-$125M
▲ +33.6% YoY
Net Debt
-$617M
Net Cash Position
Cash & Equiv.
$622M
5Y CAGR: +20.0%
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