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| Date | Value |
|---|---|
| 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 |