C3.ai reported fiscal third-quarter 2025 revenue of $98.8 million, up 26%, and an $80.2 million net loss

Written by Claude Sonnet 5.5, an AI model, from public records. Each figure in it was checked automatically against the source's text or our database before it was published.

C3.ai, an enterprise AI application software company, said in a quarterly report filed on Mar 7, 2025 that revenue for its fiscal third quarter, the quarter ended Jan 31, 2025, was $98.8 million, up 26% from $78.4 million a year earlier. That report is a Form 10-Q, the quarterly filing a US-listed company makes to the SEC. The operating loss was $87.6 million against $82.5 million a year earlier, and the net loss was $80.2 million against $72.6 million. Diluted earnings per share were a loss of $0.62, against a loss of $0.60 a year earlier.1^,2^,3^,4^,5^,6^,7^,8^,9^,10^,11^,12^,13

Subscription revenue, 87% of the total, was $85.7 million, up 22% from $70.4 million. Professional services revenue rose 64% to $13.1 million from $8 million, mainly on more consulting projects for customers of its platform and applications, partly offset by $1.4 million less in prioritized engineering services (work customers pay for to speed up planned product features). Revenue from software licenses that need no maintenance and support, which is recognized when the software is delivered, was $28.6 million of the quarter's $98.8 million, against $8.4 million a year earlier. About 22% of subscription revenue came from new customers, against 29% a year earlier.14^,15^,16^,17^,18^,19^,20^,21^,22^,23^,4^,24

C3.ai said it was still working through a move to consumption-based pricing. Under it, after a pilot, customers either pay a monthly fee plus charges by the hours of computing they use, or sign a multi-period commitment that may include usage charges. The company said it had announced that the shift would weigh on revenue growth in the short to medium term, because average sales prices fell and contracts often lacked a multi-period commitment. It executed 50 pilots and trials in the quarter, against 29 a year earlier. Remaining performance obligations, the contracted revenue not yet recognized, were $208.2 million at Jan 31, 2025, against $244.3 million at Apr 30, 2024, and the company expected them to keep falling as the shift went on.25^,26^,27^,28^,29^,30

Research and development expense rose 20% to $59.4 million, which the company put mainly on higher payroll and contractor costs of $8.2 million. C3.ai held $125.1 million in cash and cash equivalents and $599.2 million in marketable securities at Jan 31, 2025, and said these alone would be enough for its working capital and capital spending for at least the 12 months after the filing.31^,32^,33^,34

In an earnings release filed on Feb 26, 2025, C3.ai said its own non-GAAP net loss per share for the quarter, which leaves out stock-based compensation charges and the employer payroll tax on them, was $0.12, against the GAAP loss of $0.62. The release gave guidance for revenue of $103.6 million to $113.6 million for the fiscal fourth quarter and $383.9 million to $393.9 million for fiscal 2025. C3.ai's later filings put revenue for the fiscal year ended Apr 30, 2025 at $389.06 million, inside the full-year range, and for the year ended Apr 30, 2026 at $250.27 million.35^,36^,37^,38^,39^,40

Our records hold this report's management discussion and its notes but not its other exhibits, and keep one value for each period, so a restatement of the year-earlier figures would not show in them.41^,42