- Revenue: $98.8M, +26% YoY
- Net Loss: $80.2M vs $72.6M loss YoY
- Subscription Revenue: $85.7M, +22% YoY, representing 87% of total revenue
CEO Thomas M. Siebel: "In the third quarter, C3 AI achieved significant milestones — expanding our global distribution network, advancing our leadership in agentic and generative AI, and delivering total revenue reaching $98.8 million, up 26% year-over-year. We have the technology, the management team, and the global partner ecosystem — we believe we have all the elements in place to indelibly change the face of Enterprise AI."
🌱Revenue & Growth
- Total Revenue: $98.8M, +26% YoY
- Subscription Revenue: $85.7M, +22% YoY
- Professional Services Revenue: $13.1M, +64% YoY
- Subscription + Prioritized Engineering Services: $91.4M, +18% YoY
💰Profits & Financials
- GAAP Gross Profit: $58.3M, 59% margin
- Non-GAAP Gross Profit: $68.2M, 69% margin
- GAAP Net Loss per Share: $(0.62)
- Non-GAAP Net Loss per Share: $(0.12)
- Cash Balance: $724.3M in cash, cash equivalents, and marketable securities
📌Business Highlights
- Closed 66 agreements including 50 pilots, +72% YoY
- Closed 47 agreements through partner network, +74% YoY
- Microsoft partnership: 28 agreements across 9 industries, +460% QoQ
- Joint qualified opportunity pipeline with Microsoft increased +244% YoY
🔮Future Outlook
- Q4 FY2025 Revenue Guidance: $103.6M - $113.6M
- Full Year FY2025 Revenue Guidance: $383.9M - $393.9M
- Non-GAAP Loss from Operations Guidance for FY2025: $(87.0M) - $(97.0M)