C3.ai (AI)


Market Price (9/27/2026): $10.65 | Market Cap: $-Sector: Information Technology | Industry: Systems Software

C3.ai (AI)


Market Price (9/27/2026): $10.65
Market Cap: $-
Sector: Information Technology
Industry: Systems Software

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Weak multi-year price returns
2Y Excs Rtn is -90%, 3Y Excs Rtn is -136%

Key risks
AI key risks include [1] persistent unprofitability and a high cash burn rate, Show more.

0 Weak multi-year price returns
2Y Excs Rtn is -90%, 3Y Excs Rtn is -136%
1 Key risks
AI key risks include [1] persistent unprofitability and a high cash burn rate, Show more.

AI in ETFs

Weight = AI's share of each fund

VTI0.00%
ITOT0.00%
IWM0.05%
VB0.02%
SCHF0.40%
CWI0.37%
FNDF0.28%
NUSC0.11%
+9 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 9/16/2026

C3.ai (AI) stock has remained largely at the same level since 5/31/2026 because of the following key factors:

1. Mixed Fiscal Q1 2027 Financial Results Presented a Balanced Picture.

C3.ai (fiscal Q1 2027 ended July 31, 2026) reported revenue of $52.4 million on September 2, 2026, which surpassed analyst estimates and company guidance but marked a 25% year-over-year decline. This revenue contraction was balanced by positive operational improvements, including free cash flow turning positive at $2.1 million, a notable improvement from the negative $54.8 million in the prior quarter. Additionally, the company achieved increased gross margins of 50% and strong 73% year-over-year bookings growth, with federal business bookings surging by 138%. This combination of declining top-line revenue alongside improved profitability and robust bookings contributed to the stock maintaining a relatively stable level.

2. Overwhelmingly Negative Analyst Sentiment and Price Targets Capped Upside.

Throughout the period, C3.ai faced a predominantly negative outlook from Wall Street analysts. The consensus rating for the stock was "Reduce" or "Sell," with average price targets ranging from $8.70 to $9.12. This collective bearish sentiment, with seven out of twelve analysts issuing "Sell" ratings and four "Hold" ratings, likely acted as a significant psychological barrier, preventing the stock from experiencing substantial upward momentum despite any positive company-specific developments.

Show more
Updated on 9/16/2026

C3.ai (AI) stock has remained largely at the same level since 5/31/2026 because of the following key factors:

1. Mixed Fiscal Q1 2027 Financial Results Presented a Balanced Picture.

C3.ai (fiscal Q1 2027 ended July 31, 2026) reported revenue of $52.4 million on September 2, 2026, which surpassed analyst estimates and company guidance but marked a 25% year-over-year decline. This revenue contraction was balanced by positive operational improvements, including free cash flow turning positive at $2.1 million, a notable improvement from the negative $54.8 million in the prior quarter. Additionally, the company achieved increased gross margins of 50% and strong 73% year-over-year bookings growth, with federal business bookings surging by 138%. This combination of declining top-line revenue alongside improved profitability and robust bookings contributed to the stock maintaining a relatively stable level.

2. Overwhelmingly Negative Analyst Sentiment and Price Targets Capped Upside.

Throughout the period, C3.ai faced a predominantly negative outlook from Wall Street analysts. The consensus rating for the stock was "Reduce" or "Sell," with average price targets ranging from $8.70 to $9.12. This collective bearish sentiment, with seven out of twelve analysts issuing "Sell" ratings and four "Hold" ratings, likely acted as a significant psychological barrier, preventing the stock from experiencing substantial upward momentum despite any positive company-specific developments.

3. Significant Insider Selling Activity Signaled Caution to Investors.

The stock experienced notable insider selling, with C3.ai's CEO, Thomas M. Siebel, executing a transaction on June 1, 2026, involving the sale of 6.182 million shares for approximately $68.6 million. Furthermore, C3.ai reported "nineteen transactions d'initiés over the past ninety days, totaling over 36.9 million dollars in sales" by key executives, including Siebel and CFO Hitesh Lath. Such substantial insider divestments often signal a lack of confidence to the market, contributing to a muted stock performance.

4. Strategic Transition amidst Broader AI Sector Enthusiasm Led to Investor Prudence.

C3.ai is undergoing a strategic transition, marked by Thomas Siebel's return as CEO in May 2026 to steer the company "back on track" after a period of revenue decline. This transition includes a shift towards being a platform provider, exemplified by the launch of the C3 Agentic AI Platform and C3 Code. While the broader artificial intelligence (AI) sector demonstrated strong performance with accelerating infrastructure spending, C3.ai's company-specific challenges, such as its revenue decline and the ongoing business model adjustments, prompted investors to adopt a more cautious stance, preferring to await clearer evidence of sustained profitable growth from the new strategy rather than driving the stock significantly higher.

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Stock Movement Drivers

Fundamental Drivers

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Market Drivers

5/31/2026 to 9/26/2026
ReturnCorrelation
AI-1.1% 
Market (SPY)2.2%36.7%
Sector (XLK)2.9%20.1%

Fundamental Drivers

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null

Market Drivers

2/28/2026 to 9/26/2026
ReturnCorrelation
AI34.0% 
Market (SPY)13.0%40.8%
Sector (XLK)41.8%34.6%

Fundamental Drivers

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null

Market Drivers

8/31/2025 to 9/26/2026
ReturnCorrelation
AI-37.0% 
Market (SPY)20.9%47.4%
Sector (XLK)50.4%43.2%

Fundamental Drivers

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null

Market Drivers

8/31/2023 to 9/26/2026
ReturnCorrelation
AI-65.7% 
Market (SPY)77.8%46.8%
Sector (XLK)127.9%43.0%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
AI Return-77%-64%157%20%-61%-20%-92%
Peers Return22%-54%90%83%25%26%209%
S&P 500 Return27%-19%24%23%16%13%105%

Monthly Win Rates [3]
AI Win Rate33%33%50%42%33%56% 
Peers Win Rate53%30%60%55%50%47% 
S&P 500 Win Rate75%42%67%75%67%56% 

Max Drawdowns [4]
AI Max Drawdown-82%-68%-49%-45%-65%-45% 
Peers Max Drawdown-35%-59%-24%-30%-38%-41% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: PLTR, SNOW, DDOG, NOW, CRM.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/25/2026 (YTD)

How Low Can It Go

EventAIS&P 500
2024 Yen Carry Trade Unwind
  % Loss-21.9%-7.8%
  % Gain to Breakeven28.0%8.5%
  Time to Breakeven104 days18 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-41.5%-9.5%
  % Gain to Breakeven70.8%10.5%
  Time to Breakeven437 days24 days
2023 SVB Regional Banking Crisis
  % Loss-18.4%-6.7%
  % Gain to Breakeven22.6%7.1%
  Time to Breakeven13 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-63.7%-24.5%
  % Gain to Breakeven175.8%32.4%
  Time to Breakeven168 days427 days

Compare to PLTR, SNOW, DDOG, NOW, CRM

In The Past

C3.ai's stock fell -21.9% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 28.0% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventAIS&P 500
2024 Yen Carry Trade Unwind
  % Loss-21.9%-7.8%
  % Gain to Breakeven28.0%8.5%
  Time to Breakeven104 days18 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-41.5%-9.5%
  % Gain to Breakeven70.8%10.5%
  Time to Breakeven437 days24 days
2022 Inflation Shock & Fed Tightening
  % Loss-63.7%-24.5%
  % Gain to Breakeven175.8%32.4%
  Time to Breakeven168 days427 days

Compare to PLTR, SNOW, DDOG, NOW, CRM

In The Past

C3.ai's stock fell -21.9% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 28.0% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About C3.ai (AI)

C3.ai, Inc. (symbol: AI) is an enterprise artificial intelligence (AI) software company that develops and provides a comprehensive suite of software-as-a-service (SaaS) applications globally. At its foundation, the company offers the C3 AI Suite, a platform-as-a-service (PaaS) environment enabling customers to design, develop, and deploy their own enterprise AI applications. Additionally, C3.ai provides solutions like C3 AI Ex Machina for analyzing large datasets and C3 AI CRM, an AI-first customer relationship management system.

Beyond its core platform, C3.ai offers a range of pre-built, industry-specific AI applications designed to solve critical business problems. These include solutions such as C3 AI Inventory Optimization for managing stock levels, C3 AI Supply Network Risk for monitoring supply chain disruptions, C3 AI Predictive Maintenance to forecast equipment failures, C3 AI Fraud Detection, and C3 AI Energy Management. These applications aim to enhance operational efficiency, mitigate risks, and drive data-driven decision-making for large organizations.

C3.ai serves a diverse array of enterprise customers across various sectors, including oil and gas, chemicals, utilities, manufacturing, financial services, defense, healthcare, and telecommunications. The company operates internationally and expands its market reach and capabilities through strategic partnerships with industry leaders like Baker Hughes, FIS, Raytheon, AWS, Intel, and Microsoft.

AI Analysis | Feedback

Here are 1-3 brief analogies to describe C3.ai:

  • SAP for enterprise AI.
  • Salesforce for industrial and operational AI.
  • Palantir for commercial enterprise AI solutions.

AI Analysis | Feedback

  • C3 AI Suite: A platform-as-a-service (PaaS) for designing, developing, and deploying enterprise AI applications.
  • C3 AI Ex Machina: A solution for preparing and analyzing data.
  • C3 AI CRM: An AI-first customer relationship management solution for customer-facing operations.
  • C3 AI Applications: A suite of integrated turnkey enterprise AI applications for various industry-specific functions, including Inventory Optimization, Supply Network Risk, Customer Churn Management, Production Schedule Optimization, Predictive Maintenance, Fraud Detection, and Energy Management.

AI Analysis | Feedback

Major Customers of C3.ai (AI)

C3.ai primarily sells its enterprise AI software applications to other companies (enterprises). Based on the provided information, C3.ai has strategic partnerships with several major corporations across various industries. While described as partnerships, for an enterprise software company, these often involve significant customer relationships where the partners either directly use C3.ai's solutions, integrate them into their offerings, or serve as major channels for C3.ai's products. The major companies identified through these strategic partnerships are:
  • Baker Hughes (BKR)
  • FIS (FIS)
  • Raytheon (RTX)
  • Amazon Web Services (part of Amazon, AMZN)
  • Intel (INTC)
  • Microsoft (MSFT)

AI Analysis | Feedback

  • Amazon (AMZN)
  • Intel (INTC)
  • Microsoft (MSFT)

AI Analysis | Feedback

Stephen Ehikian, Chief Executive Officer

Stephen Ehikian became the Chief Executive Officer of C3.ai effective September 1, 2025. He is a seasoned technology executive in the enterprise software industry. Prior to C3.ai, Mr. Ehikian successfully built and scaled two companies, RelateIQ and Airkit.ai, both of which were acquired by Salesforce. RelateIQ now underpins Salesforce Einstein, and Airkit.ai is a core component of Salesforce Agentforce. He also served as President Trump's appointee as Acting Administrator of the U.S. General Services Administration, where he led reforms in federal procurement and technology modernization and pioneered AI adoption.

Hitesh Lath, Senior Vice President and Chief Financial Officer

Hitesh Lath was appointed Chief Financial Officer of C3.ai, effective March 1, 2024. Before assuming the CFO role, he served as C3.ai's Vice President and Chief Accounting Officer from December 2023 to February 2024. Mr. Lath brings over 22 years of experience from EY, where he was most recently a partner in their San Jose, CA office, serving various technology clients from Fortune 100 companies to Silicon Valley startups.

Thomas M. Siebel, Executive Chairman

Thomas M. Siebel founded C3.ai in 2009 and served as its Chief Executive Officer and Chairman, leading the company from its inception through a successful initial public offering. He transitioned to the role of Executive Chairman in September 2025. Prior to C3.ai, Mr. Siebel founded and served as the Chief Executive Officer of Siebel Systems, which was a leader in application software before merging with Oracle Corporation in January 2006. Siebel Systems, founded in 1993, grew to have over 8,000 employees in 32 countries, more than 4,500 corporate customers, and annual revenue exceeding $2 billion. Mr. Siebel is also the chairman of First Virtual Group, a diversified holding company.

Edward Abbo, Executive Vice President and Chief Technology Officer

Edward Abbo has served as the Executive Vice President and Chief Technology Officer of C3.ai since July 2011. He previously held the position of Chief Executive Officer of C3.ai from September 2009 to July 2011. Mr. Abbo co-founded C3.ai with Thomas M. Siebel. Before joining C3.ai, he served as Senior Vice President of Engineering and Chief Technology Officer for Siebel Systems from July 1994 until its merger with Oracle Corporation in January 2006, and then as Senior Vice President of Oracle Corporation from January 2006 to July 2009.

Houman Behzadi, Executive Vice President and Chief Product Officer

Houman Behzadi has served as C3.ai's Chief Product Officer since October 2016. He previously served as Senior Vice President and Chief Product Officer, and prior to that, Senior Vice President of Products and Engineering and Vice President of Engineering at C3.ai. Before joining C3.ai, Mr. Behzadi held various leadership roles with Siebel Systems from January 2001 until its merger with Oracle Corporation in January 2006.

AI Analysis | Feedback

Here are the key risks to C3.ai:

  1. Challenges with Business Model Transition and Revenue Decline: C3.ai is undergoing a strategic shift from large, multi-year subscription contracts to a consumption-based pricing model, which has led to a significant year-over-year revenue decline, including a 46% drop in its fiscal third quarter 2026. This transition is fraught with execution risks, and analysts express concerns that the consumption-based model's adoption could be slower than projected, particularly if enterprise AI budgets remain constrained. The success of this fundamental business model change is critical for the company's future financial stability and growth.
  2. Intense Competition and Difficulty Achieving Profitability: The enterprise artificial intelligence market is highly competitive, with C3.ai facing established rivals such as IBM, Microsoft, Palantir, and Salesforce, which possess broader customer bases and stronger brand recognition. C3.ai has reported increasing net losses and concerns persist regarding its ability to achieve and maintain profitability given its high operating expenses and the struggle to capture significant market share against larger players.
  3. Customer Concentration Risk: C3.ai's revenue is substantially dependent on a limited number of customers, with a significant portion historically tied to the energy sector, including a major client like Baker Hughes. This concentration makes the company vulnerable to substantial revenue reductions if these key customer relationships are not maintained, if contracts are not renewed, or if there is a decline in spending from these major clients.

AI Analysis | Feedback

The primary clear emerging threat to C3.ai stems from the major hyperscale cloud providers, such as AWS, Microsoft Azure, and Google Cloud. While C3.ai partners with some of these companies, these same partners are rapidly expanding their own comprehensive enterprise AI/ML platforms and solutions. These cloud providers offer robust platform-as-a-service (PaaS) environments (e.g., AWS SageMaker, Azure ML, Google Vertex AI) that directly compete with C3.ai's C3 AI Suite for developing and deploying enterprise AI applications. Furthermore, they are increasingly offering pre-built, industry-specific AI applications and services that could diminish the need for specialized third-party solutions like those provided by C3.ai. This trend represents a potential disintermediation where enterprises may opt to leverage the integrated AI capabilities directly from their existing cloud providers, who control the underlying infrastructure and can offer deeply integrated, potentially more cost-effective, and comprehensive solutions.

AI Analysis | Feedback

C3.ai (NYSE: AI) operates within several significant addressable markets for its enterprise artificial intelligence (AI) software and services.

The company itself estimates its total addressable market (TAM) to be $271 billion in 2024. More broadly, the global enterprise AI market is projected to offer an opportunity of $600 billion by the end of 2026. Global spending on enterprise AI is expected to reach $423 billion by 2027.

For its core offering, the C3 AI Suite, which provides an AI software platform, the global market for AI software platforms is expected to grow from $28 billion in 2023 to $153 billion in 2028. Furthermore, with its focus on generative AI and agentic AI capabilities, C3.ai addresses the global market for decision-making AI agents, which is projected to expand from $8 billion in 2026 to $215 billion by 2035.

AI Analysis | Feedback

Here are 3-5 expected drivers of future revenue growth for C3.ai (AI) over the next 2-3 years: * **Expansion of Strategic Partnerships and Ecosystem:** C3.ai is heavily focused on expanding its partner ecosystem, which includes hyperscalers like Microsoft, AWS, and Google Cloud, as well as advisory alliances such as McKinsey QuantumBlack, PwC, and Booz Allen Hamilton. This strategy is proving to be a significant growth driver, expanding market reach, accelerating sales cycles, and increasing the adoption of its enterprise AI applications. For instance, in fiscal year 2025, 73% of agreements were completed through partnerships, with partner-supported bookings rising 419% year-over-year in the fiscal fourth quarter. The joint qualified opportunity pipeline with partners also saw a substantial increase of 108% year-over-year in Q2 FY26. * **Growing Demand for Enterprise AI and Generative AI Solutions:** The rapidly expanding enterprise AI market, coupled with C3.ai's innovative product portfolio, particularly its generative AI offerings, is expected to fuel revenue growth. The company launched 30 generative AI products in fiscal year 2024 and experienced overwhelming market interest, with tens of thousands of inquiries from businesses for these applications. C3.ai's comprehensive suite of AI applications and generative AI capabilities position it to meet this rising demand and capture a larger market share. * **Federal and Defense Sector Expansion:** The federal market has emerged as a significant growth vector for C3.ai. The company is actively investing in this sector and has secured new and expanded agreements with various U.S. government agencies and defense contractors. Bookings across federal, defense, and aerospace increased by 89% year-over-year in Q2 FY26, representing 45% of total bookings. This accelerated federal growth is driven by the demand for secure commercial off-the-shelf (COTS) enterprise-scale AI platforms for mission-critical operations. * **Shift to Consumption-Based Pricing Model:** In early 2025, C3.ai transitioned to a consumption-based pricing model. This shift aims to lower entry barriers for mid-market customers and accelerate the adoption of enterprise AI applications. While this may lead to some short-term revenue variability, the strategy is designed to drive sustained usage and long-term revenue growth by aligning C3.ai's revenue directly with customer utilization and value realization.

AI Analysis | Feedback

Share Repurchases

  • In June 2021, C3.ai's Board of Directors authorized a stock repurchase program of up to $100 million of its Class A common stock over an 18-month period.

Share Issuance

  • C3.ai conducted its Initial Public Offering (IPO) on December 9, 2020, raising $651 million by selling 15.5 million shares at $42 per share. This IPO increased the company's cash reserves by approximately $1 billion.
  • The 2020 Incentive Plan, effective with the IPO, allows for the grant of various equity awards, with reserved shares subject to automatic annual increases.
  • In September 2025, the company adopted the 2025 Inducement Plan, reserving 5,000,000 shares of Class A Common Stock for issuance.

Inbound Investments

  • As part of its December 2020 IPO, Spring Creek Capital, an affiliate of Koch Industries, committed to buying $100 million in common stock, and Microsoft committed to buying $50 million in common stock through a private placement at the IPO price.

Capital Expenditures

  • C3.ai's capital expenditures were forecasted at $3.791 million for 2025, $70.52 million for 2026, and $25.26 million for 2027.
  • Historically, C3.ai has financed its operations and capital expenditures primarily through equity issuances and cash generated from its operations.
  • At the start of fiscal year 2024, C3.ai shifted its focus from near-term profitability to increasing investments in its AI-oriented modules.

Peer Outperformance in Systems Software

AI has trailed 66% of its 71 Systems Software peers over 5Y. Systems Software ranks 12th of 12 industries in Information Technology by median 5Y return. The sector’s gains have largely come from elsewhere.
Share of Systems Software constituents that AI has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
36%
of 92 industry peers · -37.9% return
3Y
22%
of 78 industry peers · -56.4% return
5Y
34%
of 71 industry peers · -78.5% return
No Systems Software peer with a comparable growth profile has beaten AI by more than 20pp over 5Y.
Median price return by industry across the Information Technology sector, ranked by 5Y. Systems Software is AI's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Electronic Manufacturing Services 9 67.8%202.9%283.6% TTMI 915% · FLEX 725% · SANM 466%
Semiconductor Materials & Equipment 27 97.2%97.4%112.0% AXTI 797% · AEHR 592% · KLAC 439%
Technology Distributors 9 41.0%84.4%101.6% CLMB 402% · AVT 204% · SNX 148%
Communications Equipment 36 17.2%95.3%67.6% AAOI 1301% · FEIM 1069% · LITE 995%
Electronic Components 26 42.0%70.3%64.8% CLS 3788% · BELFA 1333% · COHR 387%
Semiconductors 55 34.9%42.6%39.9% POET 1808% · MU 1376% · NVDA 944%
Technology Hardware, Storage & Peripherals 20 19.0%131.3%29.5% STX 1116% · DELL 1073% · SMCI 1042%
Internet Services & Infrastructure 6 4.9%51.3%28.2% DOCN 71% · VRSN 37% · GDDY 37%
Electronic Equipment & Instruments 26 -16.6%16.4%-10.4% PI 192% · OSIS 107% · KEYS 105%
IT Consulting & Other Services 30 -25.3%-17.4%-35.9% CHRN 522268% · APLD 1174% · TSSI 797%
Application Software 124 -29.5%-14.8%-48.5% VIDA 144067% · INLX 4910% · PLTR 590%
Systems Software ← 72 -20.9%9.9%-62.8% QNC 640% · ZETA 408% · PANW 363%
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

Latest Trefis Analyses

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

AIPLTRSNOWDDOGNOWCRMMedian
NameC3.ai Palantir.SnowflakeDatadog ServiceN.Salesfor. 
Mkt Price10.65189.67335.94268.13135.62234.02211.84
Mkt Cap-455.2117.395.50.1191.9117.3
Rev LTM-6,1565,4353,96714,73243,9386,156
Op Inc LTM-2,635-1,237171,6809,4551,680
FCF LTM-3,3581,1931,0734,57115,1543,358
FCF 3Y Avg-1,9219148663,80913,0371,921
CFO LTM-3,4001,2531,2295,30815,7503,400
CFO 3Y Avg-1,9469949814,62813,6641,946

Growth & Margins

AIPLTRSNOWDDOGNOWCRMMedian
NameC3.ai Palantir.SnowflakeDatadog ServiceN.Salesfor. 
Rev Chg LTM-78.9%32.0%31.5%22.2%11.2%31.5%
Rev Chg 3Y Avg-46.3%30.5%27.9%22.5%9.9%27.9%
Rev Chg Q-92.8%35.1%35.6%24.0%10.8%35.1%
QoQ Delta Rev Chg LTM-17.8%8.0%8.0%5.5%2.6%8.0%
Op Inc Chg LTM-362.6%19.7%200.5%4.9%12.8%19.7%
Op Inc Chg 3Y Avg-333.7%-9.3%68.2%55.3%31.8%55.3%
Op Mgn LTM-42.8%-22.8%0.4%11.4%21.5%11.4%
Op Mgn 3Y Avg-23.7%-32.9%0.6%11.8%20.6%11.8%
QoQ Delta Op Mgn LTM-4.7%3.4%1.1%-2.0%-0.3%1.1%
CFO/Rev LTM-55.2%23.1%31.0%36.0%35.8%35.8%
CFO/Rev 3Y Avg-44.7%23.7%31.4%38.0%34.1%34.1%
FCF/Rev LTM-54.6%22.0%27.0%31.0%34.5%31.0%
FCF/Rev 3Y Avg-44.1%21.7%27.8%31.1%32.5%31.1%

Valuation

AIPLTRSNOWDDOGNOWCRMMedian
NameC3.ai Palantir.SnowflakeDatadog ServiceN.Salesfor. 
Mkt Cap-455.2117.395.50.1191.9117.3
P/S-73.921.624.10.04.421.6
P/Op Inc-172.8-94.95,630.20.120.320.3
P/EBIT-172.8-110.0449.30.115.215.2
P/E-150.9-107.6537.90.119.919.9
P/CFO-133.993.677.70.012.277.7
Total Yield-0.7%-0.9%0.2%1,194.0%5.8%0.7%
Dividend Yield-0.0%0.0%0.0%0.0%0.8%0.0%
FCF Yield 3Y Avg-1.0%1.4%1.5%2,084.2%7.1%1.5%
D/E-0.00.00.060.40.20.0
Net D/E--0.00.0-0.027.10.20.0

Returns

AIPLTRSNOWDDOGNOWCRMMedian
NameC3.ai Palantir.SnowflakeDatadog ServiceN.Salesfor. 
1M Rtn3.1%2.0%2.1%10.4%-2.0%-7.0%2.0%
3M Rtn19.7%68.0%34.9%11.8%37.9%48.0%36.4%
6M Rtn37.2%32.6%119.9%134.2%36.4%31.4%36.8%
12M Rtn-37.9%6.8%49.5%92.8%-27.6%-3.1%1.9%
3Y Rtn-56.4%1,177.2%127.7%205.3%24.1%17.6%75.9%
1M Excs Rtn8.9%6.0%5.6%16.9%6.9%13.1%7.9%
3M Excs Rtn14.4%62.7%29.6%6.5%32.6%42.7%31.1%
6M Excs Rtn8.6%9.0%87.4%96.2%11.3%7.4%10.1%
12M Excs Rtn-57.9%-11.0%34.3%79.7%-44.0%-20.7%-15.8%
3Y Excs Rtn-135.6%1,110.9%35.9%115.4%-57.0%-63.9%-10.6%

Segment Financials

Revenue by Segment
$ Mil20262025202420232022
Subscriptions227328278230 
Prioritized engineering services184326  
Service fees5187  
Professional services   3646
Subscription    207
Total250389311267253


Price Behavior

Price Behavior
Market Price$10.65 
Market Cap ($ Bil)1.5 
First Trading Date12/09/2020 
Distance from 52W High-45.8% 
   50 Days200 Days
DMA Price$10.00$10.45
DMA Trenddownup
Distance from DMA6.5%1.9%
 3M1YR
Volatility45.9%59.6%
Downside Capture167.20308.25
Upside Capture209.12197.49
Correlation (SPY)38.5%48.1%
AI Betas & Captures as of 8/31/2026

 1M2M3M6M1Y3Y
Beta2.131.591.271.552.221.98
Up Beta3.501.801.651.272.171.72
Down Beta0.45-0.780.050.521.471.42
Up Capture253%264%166%279%323%1487%
Bmk +ve Days10213268138427
Stock +ve Days11182865120356
Down Capture-28%165%155%163%179%113%
Bmk -ve Days11213259113324
Stock -ve Days10233560128386

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with AI
AI-41.4%59.5%-0.67-
Sector ETF (XLK)41.7%26.4%1.2843.5%
Equity (SPY)17.7%13.0%0.9848.3%
Gold (GLD)14.7%29.3%0.4617.2%
Commodities (DBC)44.3%20.7%1.66-1.3%
Real Estate (VNQ)4.5%13.6%0.079.1%
Bitcoin (BTCUSD)-25.9%44.8%-0.5444.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with AI
AI-26.6%77.6%-0.07-
Sector ETF (XLK)21.3%26.0%0.7346.5%
Equity (SPY)13.3%17.2%0.5946.9%
Gold (GLD)19.2%18.8%0.837.8%
Commodities (DBC)10.8%19.6%0.436.6%
Real Estate (VNQ)0.9%18.9%-0.0634.4%
Bitcoin (BTCUSD)12.2%52.6%0.4128.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with AI
AI-19.4%80.7%-0.11-
Sector ETF (XLK)24.8%25.0%0.9043.4%
Equity (SPY)15.5%17.9%0.7342.9%
Gold (GLD)12.1%16.4%0.616.3%
Commodities (DBC)8.5%18.1%0.387.6%
Real Estate (VNQ)4.8%20.7%0.1931.1%
Bitcoin (BTCUSD)63.8%66.2%1.0323.1%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date9152026
Short Interest: Shares Quantity42.4 Mil
Short Interest: % Change Since 8312026-9.2%
Average Daily Volume6.1 Mil
Days-to-Cover Short Interest6.9 days

Earnings Returns History

Updated 9/14/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
9/2/20263.6%-0.5% 
6/3/2026-1.2%0.8%-13.4%
2/25/2026-18.5%-9.9%-19.4%
12/3/20252.1%5.4%-5.7%
9/3/2025-7.3%-6.4%9.4%
5/28/202520.8%14.1%5.3%
2/26/2025-9.7%-14.4%-14.8%
12/9/20240.1%3.0%-22.2%
...
SUMMARY STATS   
# Positive9107
# Negative131214
Median Positive7.7%7.7%5.3%
Median Negative-10.4%-8.0%-13.5%
Max Positive33.6%27.8%57.5%
Max Negative-19.3%-19.0%-30.6%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
9/2/20263.6%-0.5% 
6/3/2026-1.2%0.8%-13.4%
2/25/2026-18.5%-9.9%-19.4%
12/3/20252.1%5.4%-5.7%
9/3/2025-7.3%-6.4%9.4%
5/28/202520.8%14.1%5.3%
2/26/2025-9.7%-14.4%-14.8%
12/9/20240.1%3.0%-22.2%
9/4/2024-8.2%-7.0%0.1%
5/29/202419.4%27.8%21.1%
2/28/202424.5%9.3%-8.8%
12/6/2023-10.8%-3.5%-2.0%
9/6/2023-12.2%-11.7%-23.0%
5/31/2023-13.2%-9.0%-8.9%
3/2/202333.6%6.5%57.5%
12/7/20227.7%8.8%-6.3%
8/31/2022-19.3%-19.0%-30.6%
6/1/2022-5.0%11.8%3.2%
3/2/20223.4%-5.6%0.2%
12/1/2021-11.2%0.5%-7.6%
9/1/2021-10.2%-4.7%-13.6%
6/2/2021-10.4%-18.5%-16.2%
SUMMARY STATS   
# Positive9107
# Negative131214
Median Positive7.7%7.7%5.3%
Median Negative-10.4%-8.0%-13.5%
Max Positive33.6%27.8%57.5%
Max Negative-19.3%-19.0%-30.6%

SEC Filings

Expand for More
Report DateFiling DateFiling
07/31/202609/09/202610-Q
04/30/202606/24/202610-K
01/31/202603/11/202610-Q
10/31/202512/09/202510-Q
07/31/202509/09/202510-Q
04/30/202506/23/202510-K
01/31/202503/07/202510-Q
10/31/202412/10/202410-Q
07/31/202409/05/202410-Q
04/30/202406/18/202410-K
01/31/202402/29/202410-Q
10/31/202312/07/202310-Q
07/31/202309/07/202310-Q
04/30/202306/22/202310-K
01/31/202303/03/202310-Q
10/31/202212/08/202210-Q
Collapse to Preview
Report DateFiling DateFiling
07/31/202609/09/202610-Q
04/30/202606/24/202610-K
01/31/202603/11/202610-Q
10/31/202512/09/202510-Q
07/31/202509/09/202510-Q
04/30/202506/23/202510-K
01/31/202503/07/202510-Q
10/31/202412/10/202410-Q
07/31/202409/05/202410-Q
04/30/202406/18/202410-K
01/31/202402/29/202410-Q
10/31/202312/07/202310-Q
07/31/202309/07/202310-Q
04/30/202306/22/202310-K
01/31/202303/03/202310-Q
10/31/202212/08/202210-Q
07/31/202209/01/202210-Q
04/30/202206/23/202210-K
01/31/202203/03/202210-Q
10/31/202112/02/202110-Q
07/31/202109/02/202110-Q
04/30/202106/25/202110-K
01/31/202103/02/202110-Q
10/31/202012/09/2020424B4
07/31/202011/13/2020S-1
10/31/201912/07/2020S-1/A

Recent Forward Guidance

Updated 9/3/2026

Latest: Q1 2027 Earnings Reported 9/2/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
Q2 2027 Non-GAAP loss from operationsReported-42.50 Mil-38.50 Mil-34.50 Mil-13.5% Higher NewGuidance: -44.50 Mil for Q1 2027
Q2 2027 Total RevenueReported51.00 Mil53.00 Mil55.00 Mil1.9% Higher NewGuidance: 52.00 Mil for Q1 2027
2027 Non-GAAP loss from operationsReported-155.00 Mil-139.00 Mil-123.00 Mil-3.5% RaisedGuidance: -144.00 Mil for 2027
2027 Total RevenueReported210.00 Mil225.00 Mil240.00 Mil0 AffirmedGuidance: 225.00 Mil for 2027


Prior: Q4 2026 Earnings Reported 6/3/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
Q1 2027 Non-GAAP loss from operationsReported-48.50 Mil-44.50 Mil-40.50 Mil-25.8% Higher NewActual: -60.00 Mil for Q4 2026
Q1 2027 Total RevenueReported50.00 Mil52.00 Mil54.00 Mil4.0% Higher NewActual: 50.00 Mil for Q4 2026
2027 Non-GAAP loss from operationsReported-160.00 Mil-144.00 Mil-128.00 Mil-35.6% Higher NewActual: -223.50 Mil for 2026
2027 Total RevenueReported210.00 Mil225.00 Mil240.00 Mil-9.5% Lower NewActual: 248.70 Mil for 2026

Q3 2026 Earnings Reported 2/25/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
Q4 2026 Non-GAAP loss from operationsReported-64.00 Mil-60.00 Mil-56.00 Mil25.0% Lower NewGuidance: -48.00 Mil for Q3 2026
Q4 2026 Total RevenueReported48.00 Mil50.00 Mil52.00 Mil-34.2% Lower NewGuidance: 76.00 Mil for Q3 2026
2026 Non-GAAP loss from operationsReported-227.50 Mil-223.50 Mil-219.50 Mil14.3% LoweredGuidance: -195.50 Mil for 2026
2026 Annual cost savingsReported 135.00 Mil    
2026 Total RevenueReported246.70 Mil248.70 Mil250.70 Mil-17.0% LoweredGuidance: 299.50 Mil for 2026

Q2 2026 Earnings Reported 12/3/2025

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
Q3 2026 Non-GAAP loss from operationsReported-52.00 Mil-48.00 Mil-44.00 Mil-10.3% Higher NewActual: -53.50 Mil for Q2 2026
Q3 2026 Total RevenueReported72.00 Mil76.00 Mil80.00 Mil0 Same NewActual: 76.00 Mil for Q2 2026
2026 Non-GAAP loss from operationsReported-210.50 Mil-195.50 Mil-180.50 Mil   
2026 Total RevenueReported289.50 Mil299.50 Mil309.50 Mil   

Insider Activity

Updated 9/17/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Lath, HiteshCHIEF FINANCIAL OFFICERDirectSell917202610.4821,077220,8873,888,457Form
2Siebel, Thomas MCEO and Chairman of the BoardDirectSell917202610.54162,2471,710,0837,613,695Form
3Siebel, Thomas MCEO and Chairman of the BoardDirectSell917202610.90282,0013,073,8117,873,746Form
4Siebel, Thomas MCEO and Chairman of the BoardDirectSell915202610.5622,780240,5577,860,315Form
5Siebel, Thomas MCEO and Chairman of the BoardDirectSell903202610.3016,890173,9677,603,542Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Lath, HiteshCHIEF FINANCIAL OFFICERDirectSell917202610.4821,077220,8873,888,457Form
2Siebel, Thomas MCEO and Chairman of the BoardDirectSell917202610.54162,2471,710,0837,613,695Form
3Siebel, Thomas MCEO and Chairman of the BoardDirectSell917202610.90282,0013,073,8117,873,746Form
4Siebel, Thomas MCEO and Chairman of the BoardDirectSell915202610.5622,780240,5577,860,315Form
5Siebel, Thomas MCEO and Chairman of the BoardDirectSell903202610.3016,890173,9677,603,542Form
6Siebel, Thomas MCEO and Chairman of the BoardDirectSell813202610.51453,3144,764,3307,592,025Form
7Lath, HiteshCHIEF FINANCIAL OFFICERDirectSell806202610.0020,000200,0003,631,060Form
8Siebel, Thomas MCEO and Chairman of the BoardDirectSell80420269.61139,5001,340,5958,324,144Form
9Siebel, Thomas MCEO and Chairman of the BoardDirectSell71620269.32198,4651,849,0446,730,049Form
10Siebel, Thomas MCEO and Chairman of the BoardDirectSell71620269.07264,1002,395,3876,551,823Form
11Ehikian, Stephen BradleyChief Executive OfficerDirectSell70220269.4550,542477,6226,153,178Form
12Lath, HiteshCHIEF FINANCIAL OFFICERDirectSell70120268.7748,619426,3893,359,840Form
13Lath, HiteshCHIEF FINANCIAL OFFICERDirectSell617202610.9534,210374,6002,552,511Form
14Siebel, Thomas MCEO and Chairman of the BoardDirectSell615202611.11472,0055,243,9768,025,442Form
15Siebel, Thomas MCEO and Chairman of the BoardDirectSell615202610.9223,570257,3848,119,664Form
16Siebel, Thomas MCEO and Chairman of the BoardDirectSell603202611.3217,350196,40278,157,978Form
17Siebel, Thomas MCEO and Chairman of the BoardDirectSell51920268.65112,014968,9216,248,431Form
18Siebel, Thomas MCEO and Chairman of the BoardDirectSell51920268.72369,6243,223,1216,298,997Form
19Siebel, Thomas MExecutive ChairmanDirectSell50520269.2727,210252,2376,936,528Form
20Siebel, Thomas MExecutive ChairmanDirectSell41520268.49165,2781,403,2106,132,853Form
21Siebel, Thomas MExecutive ChairmanDirectSell41520268.31326,1892,710,6316,002,828Form
22Snabe, Jim H DirectSell33120268.0810,00080,8003,110,800Form
23Snabe, Jim H DirectBuy33120267.7310,00077,3003,053,350Form
24Lath, HiteshCHIEF FINANCIAL OFFICERDirectSell31720268.9815,248136,9272,140,006Form
25Siebel, Thomas MExecutive ChairmanDirectSell31320269.1123,435213,4936,775,043Form
26Snabe, Jim H DirectBuy31020269.0025,000225,0003,555,000Form
27Siebel, Thomas MExecutive ChairmanDirectSell30320267.7917,655137,5325,744,681Form
28Siebel, Thomas MExecutive ChairmanDirectSell212202611.66511,7325,966,7958,422,741Form
29Siebel, Thomas MExecutive ChairmanDirectSell203202610.8127,605298,4108,084,604Form
30Siebel, Thomas MExecutive ChairmanDirectSell114202613.52212,5862,874,1639,766,334Form
31Siebel, Thomas MExecutive ChairmanSee FootnoteSell114202613.52309,5894,185,6438,548,101Form
32Ehikian, Stephen BradleyChief Executive OfficerDirectSell102202613.56234,9183,185,48812,530,443Form
33Siebel, Thomas MExecutive ChairmanSee FootnoteSell1218202514.22140,7682,001,72113,393,036Form
34Siebel, Thomas MExecutive ChairmanSee FootnoteSell1218202514.37392,0645,633,96015,557,149Form
35Lath, HiteshCHIEF FINANCIAL OFFICERDirectSell1217202514.3815,042216,3043,208,466Form
36Siebel, Thomas MExecutive ChairmanDirectSell1215202515.9423,000366,62011,861,416Form
37Siebel, Thomas MExecutive ChairmanDirectSell1203202514.2117,000241,570223,609Form
38Siebel, Thomas MExecutive ChairmanSee FootnoteSell1112202515.24543,7068,286,07921,902,532Form
39Siebel, Thomas MExecutive ChairmanDirectSell1104202517.3027,545476,528442,534Form
40Siebel, Thomas MExecutive ChairmanSee FootnoteSell1015202518.82554,80210,441,37436,798,746Form
41Schilling, Robert DavidEVP & Chief Commercial OfficerDirectSell1002202517.29470,4208,133,51517,485,743Form
42Lath, HiteshCHIEF FINANCIAL OFFICERDirectSell917202516.9946,881796,5083,553,526Form
43Siebel, Thomas MExecutive ChairmanSee FootnoteSell917202517.23566,1259,754,33443,249,057Form
44Siebel, Thomas MExecutive ChairmanDirectSell915202516.3392,0001,502,3601,422,653Form
45Siebel, Thomas MExecutive ChairmanDirectSell903202516.4917,200283,628256,189Form
Core Cache Last Updated: 9/26/2026