Short answer
C3.ai, Inc. (AI) filed its fiscal 2025 10-K annual report with the SEC on Jun 23, 2025. It reported revenue of $389M (+25.3% year over year) and net income of −$289M.
- Top risk flagged: Regulatory/legal risk: Compliance costs increasing under SEC rules for public companies, driving $12.9M rise in general and administrative expenses in fiscal 2025
FY2025 key financial metrics · XBRL
- Revenue
- $389M
- +25.3% YoY
- Net income
- −$289M
- −3.2% YoY
- Operating margin
- -83.4%
- +19.1 pp YoY
- Gross margin
- 60.6%
- +3.1 pp YoY
- EPS (diluted)
- −$2.24
- +4.3% YoY
- ROE
- -34.4%
- −2.4 pp YoY
- Operating cash flow
- −$41M
- +33.6% YoY
Source: XBRL data from the C3.ai, Inc. (AI) FY2025 10-K on SEC EDGAR. USD.
C3.ai, Inc. FY2025 10-K analysis
AI summary of each section, grounded in the filing text
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 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
Generated from the filing text; verify against the original. How to read a 10-K
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