C3.ai (AI) Operating Expenses (2020 - 2026)
C3.ai's (AI) quarterly Operating Expenses came in at $149.6 million in Q1 2026, up 2.54% year-on-year from $145.9 million in Q1 2025, and up 5.02% quarter-over-quarter from $142.5 million in Q4 2025.
C3.ai (AI) Operating Expenses (2020 - 2026) Analysis & Trends
C3.ai has disclosed Operating Expenses across 7 years of filings, most recently posting $149.6 million for Q1 2026.
- Operating Expenses for Q1 2026 came in at $149.6 million, up 2.54% year-over-year; the trailing twelve-month figure through Jan 2026 was $599.9 million (up 11.56% YoY), and the FY2025 annual result was $560.3 million, up 12.76% from the prior year.
- Operating Expenses came in at $149.6 million for Q1 2026 at C3.ai, up from $142.5 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $156.5 million in Q2 2025 to a low of $99.8 million in Q1 2022.
- The 5-year median for Operating Expenses is $124.8 million (2024), against an average of $128.4 million.
- Across the five-year window, Operating Expenses soared 80.25% in 2022 and declined 4.55% in 2023, its largest moves.
- C3.ai's Operating Expenses stood at $113.6 million in 2022, then advanced by 6.06% to $120.5 million in 2023, then advanced by 10.47% to $133.1 million in 2024, then climbed by 7.03% to $142.5 million in 2025, then advanced by 5.02% to $149.6 million in 2026.
- The last three Operating Expenses figures came in at $149.6 million (Q1 2026), $142.5 million (Q4 2025), and $151.3 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,998.30 Bn | 2,920.03 Bn | 56.06 Bn | 10.85 Bn |
| 2 | Alarum Technologies | 1,040.72 Bn | 1,026.57 Bn | 7.23 Mn | 6.42 Mn |
| 3 | Oracle | 590.32 Bn | 551.74 Bn | 15.14 Bn | 11.73 Bn |
| 4 | Palantir Technologies | 316.31 Bn | 308.39 Bn | 1.42 Bn | 662.79 Mn |
| 5 | Palo Alto Networks | 181.17 Bn | 176.63 Bn | 1.91 Bn | 1.51 Bn |
| 6 | CrowdStrike Holdings | 161.69 Bn | 158.63 Bn | 993.68 Mn | 979.89 Mn |
| 7 | Fortinet | 102.35 Bn | 99.06 Bn | 1.49 Bn | 905.10 Mn |
| 8 | Synopsys | 88.25 Bn | 88.13 Bn | 1.77 Bn | 1.57 Bn |
| 9 | Cloudflare | 83.26 Bn | 82.32 Bn | 455.60 Mn | 517.59 Mn |
| 10 | C3.ai | 1.50 Bn | 1.50 Bn | 9.24 Mn | 149.64 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | 149.64 Mn |
| Oct 31, 2025 | 142.49 Mn |
| Jul 31, 2025 | 151.26 Mn |
| Apr 30, 2025 | 156.48 Mn |
| Jan 31, 2025 | 145.93 Mn |
| Oct 31, 2024 | 133.13 Mn |
| Jul 31, 2024 | 124.75 Mn |
| Apr 30, 2024 | 133.92 Mn |
| Jan 31, 2024 | 127.83 Mn |
| Oct 31, 2023 | 120.51 Mn |
| Jul 31, 2023 | 114.64 Mn |
| Apr 30, 2023 | 120.78 Mn |
| Jan 31, 2023 | 116.44 Mn |
| Oct 31, 2022 | 113.62 Mn |
| Jul 31, 2022 | 120.11 Mn |
| Apr 30, 2022 | 111.48 Mn |
| Jan 31, 2022 | 99.83 Mn |
| Oct 31, 2021 | 97.97 Mn |
| Jul 31, 2021 | 75.90 Mn |
| Apr 30, 2021 | 64.48 Mn |