C3.ai, Inc. (AI) FY2025 10-K Annual Report

Filed: Jun 23, 2025
Information Technology
Services-Prepackaged SoftwareSEC EDGAR

C3.ai, Inc. (AI) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Jun 23, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

C3.ai, Inc. FY2025 10-K Analysis

Business Overview

  • Core business model: Enterprise AI application software delivering integrated AI platform, industry-specific AI applications, and generative AI for digital transformation
  • New emphasis on C3 Generative AI with 60+ applications, native integration in platform, standalone deployment, and advanced features to support enterprise LLM use
  • Strategic shift: Multi-year global alliance with Microsoft Azure signed Sep 2024, enabling joint investments, sales alignment, and marketplace integration to accelerate Enterprise AI growth
  • Quantitative metric: Partner ecosystem closed 192 agreements in fiscal 2025, including with Microsoft Azure, AWS, Google Cloud, and McKinsey & Company
  • Noteworthy fact: Rapid deployment capability with production AI applications delivered in as little as four weeks, supporting high-value, large-scale enterprise use cases

Management Discussion & Analysis

  • No specific revenue or YoY dollar changes disclosed in the provided text
  • No operating margin or profitability percentages stated in the provided text
  • Best performing segment implied: C3 Generative AI with expanded offerings and strong customer adoption across industries
  • No bad performing segment or related figures provided
  • No cash flow, buybacks, dividends, or capex figures detailed in the excerpt
  • Forward-looking: management expects continued heavy investment in generative AI and marketing to drive growth, sees macroeconomic risks like inflation and geopolitical instability impacting demand

Risk Factors

  • Regulatory/legal risk: Compliance costs increasing under SEC rules for public companies, driving $12.9M rise in general and administrative expenses in fiscal 2025
  • Geopolitical/macroeconomic threat: Foreign currency exchange losses impacting Euro-denominated cash and receivables, fluctuating annually with exposure to European markets
  • Operational/supply chain risk: Rising third-party cloud hosting costs increased subscription cost of revenue by $3.5M in fiscal 2025, pressuring margins
  • Competitive/market disruption risk: Accelerated prioritized engineering services rose by $17.1M, reflecting pressure to expedite features vs competitors’ rapid innovation
  • Financial/structural risk: Accumulated deficit of $1.4 billion with ongoing operating losses and negative cash flow increases risk of needing unfavorable capital raises

C3.ai, Inc. FY2025 Key Financial Metrics
XBRL

Revenue

$389M

+25.3% YoY

Net Income

-$289M

-3.2% YoY

Gross Margin

60.6%

+313bp YoY

Operating Margin

-83.4%

+1911bp YoY

Net Margin

-74.2%

+1585bp YoY

ROE

-34.4%

-241bp YoY

Total Assets

$1.0B

-1.2% YoY

EPS (Diluted)

$-2.24

+4.3% YoY

Operating Cash Flow

-$41M

+33.6% YoY

Source: XBRL data from C3.ai, Inc. FY2025 10-K filing on SEC EDGAR. All figures in USD.

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