How C3.ai makes money

Period

FY2026

How does C3.ai make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

C3.ai Inc. · FY2026 · year ended 2026-04-30

Revenue$250MNet loss$470M · 188%Cost of revenue$173M · 69%Gross profit$77M · 31%Operating expenses$576M · 230%Other income$29M · 12%R&D$229M · 92%SG&A$99M · 39%Selling & marketing$237M · 95%Other opex$11M · 4%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.