C3.ai (AI) Cost of Revenue (2020 - 2026)
C3.ai (AI) posted Cost of Revenue of $40.3 million for Q2 2026, down 8.51% sequentially from $44.0 million in Q1 2026, and down 2.27% YoY from $41.2 million in Q2 2025.
C3.ai (AI) Cost of Revenue (2020 - 2026) Analysis & Trends
C3.ai has reported Cost of Revenue for 7 years, with the latest figure at $40.3 million in Q2 2026.
- Quarterly Cost of Revenue fell 2.27% year-over-year to $40.3 million in Q2 2026, while the trailing twelve-month figure through Apr 2026 was $172.9 million (up 12.86% YoY) and the FY2026 annual result came in at $172.9 million, up 12.86% from the prior year.
- Cost of Revenue retreated to $40.3 million in Q2 2026 per AI's latest filing, from $44.0 million in the prior quarter.
- Over five years, Cost of Revenue peaked at $44.8 million in Q4 2025 and troughed at $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.
- The sharpest annual moves came in 2023 and 2026: Cost of Revenue soared 72.84% in 2023, then decreased 2.27% in 2026.
- Over 5 years, Cost of Revenue stood at $20.8 million in 2022, then jumped by 54.76% to $32.1 million in 2023, then advanced by 13.64% to $36.5 million in 2024, then advanced by 22.66% to $44.8 million in 2025, then decreased by 10.03% to $40.3 million in 2026.
- According to Business Quant data, Cost of Revenue over the past three periods registered $40.3 million, $44.0 million, and $44.8 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 29.53 Bn |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 296.87 Mn |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | - |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | 974.00 Mn |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 404.70 Mn |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | 196.54 Mn |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 637.38 Mn |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | 879.00 Mn |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 3.45 Bn |
| 10 | C3.ai | 1.38 Bn | 807.20 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 |