C3.ai (AI) Cost of Revenue (2020 - 2026)

C3.ai (AI) reported Cost of Revenue of $40.3 million for Q2 2026, down 2.27% on a YoY basis from $41.2 million in Q2 2025, and down 8.51% sequentially from $44.0 million in Q1 2026.

C3.ai (AI) Cost of Revenue (2020 - 2026) Analysis & Trends

C3.ai (AI) has 7 years of Cost of Revenue data on file, last reported at $40.3 million in Q2 2026.

  • For the quarter ending Q2 2026, Cost of Revenue fell 2.27% year-over-year to $40.3 million; the trailing twelve-month figure through Apr 2026 stood at $172.9 million (up 12.86% YoY), and the FY2026 full-year result was $172.9 million, up 12.86% from the prior year.
  • Cost of Revenue retreated to $40.3 million in Q2 2026, from $44.0 million in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $44.8 million in Q4 2025 to a low of $17.4 million in Q1 2022.
  • A 5-year average of $32.2 million and a median of $34.0 million in 2024 frame the typical range for Cost of Revenue.
  • Across the five-year window, Cost of Revenue jumped 72.84% in 2023 and fell 2.27% in 2026, its largest moves.
  • Tracing AI's Cost of Revenue over 5 years: stood at $20.8 million in 2022, then jumped by 54.76% to $32.1 million in 2023, then increased by 13.64% to $36.5 million in 2024, then increased by 22.66% to $44.8 million in 2025, then declined by 10.03% to $40.3 million in 2026.
  • Business Quant data shows AI's Cost of Revenue at $40.3 million in Q2 2026, $44.0 million in Q1 2026, and $44.8 million in Q4 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Microsoft 2,921.46 Bn 2,797.02 Bn 56.06 Bn 26.83 Bn
2 PagSeguro Digital 2,686.70 Bn 2,686.70 Bn 358.92 Mn 71.28 Mn
3 Oracle 344.13 Bn 312.24 Bn - -
4 Repay Holdings 342.29 Bn 342.15 Bn - -
5 Palantir Technologies 294.57 Bn 286.54 Bn 1.42 Bn 215.80 Mn
6 Palo Alto Networks 224.46 Bn 219.93 Bn 1.91 Bn 685.00 Mn
7 CrowdStrike Holdings 182.52 Bn 179.42 Bn 993.68 Mn 311.70 Mn
8 Fortinet 111.29 Bn 107.99 Bn 1.49 Bn 364.50 Mn
9 Cloudflare 93.63 Bn 92.68 Bn 455.60 Mn 184.16 Mn
10 C3.ai 1.26 Bn 680.03 Mn 11.32 Mn 40.28 Mn

Historic Data

Download Data
DateValue
Apr 30, 2026 40.28 Mn
Apr 30, 2026 40.28 Mn
Jan 31, 2026 44.03 Mn
Jan 31, 2026 44.03 Mn
Oct 31, 2025 44.77 Mn
Oct 31, 2025 44.77 Mn
Jul 31, 2025 43.82 Mn
Jul 31, 2025 43.82 Mn
Apr 30, 2025 41.21 Mn
Apr 30, 2025 41.21 Mn
Jan 31, 2025 40.44 Mn
Jan 31, 2025 40.44 Mn
Oct 31, 2024 36.50 Mn
Oct 31, 2024 36.50 Mn
Jul 31, 2024 35.05 Mn
Jul 31, 2024 35.05 Mn
Apr 30, 2024 34.98 Mn
Apr 30, 2024 34.98 Mn
Jan 31, 2024 33.11 Mn
Jan 31, 2024 33.11 Mn