AI FINANCIAL STATEMENTS

C3 Ai Inc — balance sheet, income statement and cash flow trends

AIC3 Ai Inc

🇺🇸 USA · NYSE · Technology · Software - Infrastructure

Value it Duel

Income Statement

Quarterly progression — trailing-twelve-month values

RevenueNet Income

Profit Funnel

Q2 2026 · TTM

Percentages are relative to revenue.

Key Figures

YoY change

Revenue250.3 M $-35.7%

Gross Profit77.4 M $-67.2%

Operating Income-487.7 M $—

EBITDA-459.3 M $—

Net Income-470.4 M $—

Peer Comparison· Software - Infrastructure

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
AI	-35.7%	30.9%	-183.5%	-187.9%
ATATP	157.2%	86.3%	73.6%	36.7%
ARDYZ	100.3%	45.3%	43.5%	13.3%
BB	4.8%	76.0%	15.8%	10.3%
KRONT	41.0%	90.2%	51.7%	23.2%
ADYEN	25.2%	73.1%	54.0%	42.1%
Industry median	10.2%	70.5%	17.8%	8.9%

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
AI	-35.7%	30.9%	-183.5%	-187.9%
RXT	-0.5%	12.5%	13.2%	-5.4%
AEVA	103.1%	4.6%	-635.7%	-693.9%
PRGS	15.5%	79.2%	28.6%	8.9%
APPN	20.4%	73.8%	4.6%	0.1%
EVTC	9.4%	46.4%	36.7%	13.9%
Industry median	10.2%	70.5%	17.8%	8.9%

Balance Sheet

Quarterly period-end values

Total AssetsTotal LiabilitiesEquity

Capital Structure

Q2 2026

Equity653.8 M $80%
Current Liabilities106.6 M $13%
Long-term Liabilities56 M $7%

Key Figures

YoY change

Total Assets816.3 M $-20.4%

Total Liabilities162.5 M $-13.4%

Total Equity653.8 M $-22.0%

Cash & ST Investments575.4 M $-22.5%

Total Debt——

Net Debt-66.2 M $—

Peer Comparison· Software - Infrastructure

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
AI	6.64	—	—	80.1%
ATATP	2.17	0.8%	-0.09	91.7%
ARDYZ	1.16	24.4%	0.54	68.2%
BB	2.20	29.5%	-1.41	60.5%
KRONT	1.10	11.4%	-0.10	62.7%
ADYEN	168.11	4.8%	-7.76	43.1%
Industry median	1.43	25.1%	-0.02	34.8%

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
AI	6.64	—	—	80.1%
RXT	0.68	-265.3%	8.78	-44.0%
AEVA	4.09	-822.4%	-0.02	-8.4%
PRGS	0.81	262.2%	4.26	21.6%
APPN	1.13	-500.6%	2.54	-9.5%
EVTC	1.97	169.8%	2.42	29.1%
Industry median	1.43	25.1%	-0.02	34.8%

Cash Flow Statement

Quarterly progression — trailing-twelve-month values

Operating Cash FlowCapital ExpendituresFree Cash Flow

Cash Flow Bridge

Q2 2026 · TTM

Key Figures

YoY change

Operating Cash Flow-188.8 M $—

Capital Expenditures1.9 M $-37.2%

Free Cash Flow-190.7 M $—

Dividends Paid——

Peer Comparison· Software - Infrastructure

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
AI	-75.4%	-76.2%	0.8%	40.1%
ATATP	14.5%	-9.7%	12.9%	39.4%
ARDYZ	19.1%	-8.7%	39.2%	143.9%
BB	12.7%	11.7%	1.3%	122.9%
KRONT	54.1%	5.4%	52.3%	233.6%
ADYEN	40.8%	-15.9%	4.0%	97.0%
Industry median	23.2%	17.1%	2.9%	143.9%

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
AI	-75.4%	-76.2%	0.8%	40.1%
RXT	5.3%	2.8%	2.5%	-98.6%
AEVA	-525.1%	-555.5%	30.4%	75.7%
PRGS	31.3%	30.4%	0.8%	352.3%
APPN	8.7%	8.4%	0.4%	7,540.7%
EVTC	23.2%	15.6%	7.6%	166.3%
Industry median	23.2%	17.1%	2.9%	143.9%

Amounts are in the company’s reporting currency. Peer comparison tables use ratio-based metrics so currency differences do not distort the picture.

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Data on this page refreshes once per day. Price data as of Jul 7, 26. This content is for informational purposes only and is not investment advice.