C3.ai (AI) Cost of Revenue (2020 - 2026)
C3.ai's (AI) quarterly Cost of Revenue came in at $40.3 million in Q2 2026, down 2.27% year-over-year from $41.2 million in Q2 2025, and down 8.51% quarter-over-quarter from $44.0 million in Q1 2026.
Analysis
C3.ai (AI) Cost of Revenue (2020 - 2026) Analysis & Trends
C3.ai has disclosed Cost of Revenue across 7 years of filings, most recently posting $40.3 million for Q2 2026.
- In Q2 2026, Cost of Revenue fell 2.27% year-over-year to $40.3 million; the TTM figure through Apr 2026 stood at $172.9 million (up 12.86% YoY), while the FY2026 annual figure was $172.9 million, up 12.86% from the prior year.
- Cost of Revenue came in at $40.3 million for Q2 2026 at C3.ai, down 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.
- Average Cost of Revenue over 5 years is $32.2 million, with a median of $34.0 million recorded in 2024.
- Year-over-year, Cost of Revenue surged 72.84% in 2023 and retreated 2.27% in 2026.
- Over 5 years, Cost of Revenue stood at $20.8 million in 2022, then surged by 54.76% to $32.1 million in 2023, then rose by 13.64% to $36.5 million in 2024, then rose by 22.66% to $44.8 million in 2025, then fell by 10.03% to $40.3 million in 2026.
- Per Business Quant data, the three most recent Cost of Revenue figures were $40.3 million in Q2 2026, $44.0 million in Q1 2026, and $44.8 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Life360 | 3.52 Bn | 3.25 Bn | 126.90 Mn | 32.06 Mn |
| 2 | Baidu | 3.18 Bn | -21.24 Bn | 1.76 Mn | 2.82 Bn |
| 3 | Soundhound Ai | 2.83 Bn | 2.63 Bn | 27.93 Mn | 33.97 Mn |
| 4 | C3.ai | 1.47 Bn | 895.86 Mn | 11.32 Mn | 40.28 Mn |
| 5 | Spire Global | 466.05 Mn | 374.38 Mn | 6.16 Mn | 11.89 Mn |
| 6 | Spectral Capital | 452.89 Mn | 447.58 Mn | 3.28 Mn | 315.00 Mn |
| 7 | Global AI | 147.15 Mn | 147.11 Mn | 82,446.00 | 33,278.00 |
| 8 | Veritone | 85.93 Mn | 73.51 Mn | 15.46 Mn | 8.81 Mn |
| 9 | Agassi Sports Entertainment | 81.18 Mn | 81.11 Mn | - | - |
| 10 | Brand Engagement Network | 72.54 Mn | 63.54 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Apr 30, 2026 | 40.28 Mn |
| Jan 31, 2026 | 44.03 Mn |
| Oct 31, 2025 | 44.77 Mn |
| Jul 31, 2025 | 43.82 Mn |
| Apr 30, 2025 | 41.21 Mn |
| Jan 31, 2025 | 40.44 Mn |
| Oct 31, 2024 | 36.50 Mn |
| Jul 31, 2024 | 35.05 Mn |
| Apr 30, 2024 | 34.98 Mn |
| Jan 31, 2024 | 33.11 Mn |
| Oct 31, 2023 | 32.12 Mn |
| Jul 31, 2023 | 31.81 Mn |
| Apr 30, 2023 | 24.91 Mn |
| Jan 31, 2023 | 22.27 Mn |
| Oct 31, 2022 | 20.75 Mn |
| Jul 31, 2022 | 18.41 Mn |
| Apr 30, 2022 | 17.36 Mn |
| Jan 31, 2022 | 17.35 Mn |
| Oct 31, 2021 | 15.97 Mn |
| Jul 31, 2021 | 13.03 Mn |