C3.ai (XSWX:AI) Operating Income: CHF-386.9 Mil (TTM As of Apr. 2026)


XSWX:AI C3.ai Inc XSWX:AI
53 GF Score
Price CHF7.23
GF Value CHF13.31
! 7 Warning Signs
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What is C3.ai Operating Income?

C3.ai XSWX:AI 53 Operating Income is CHF-386.9 Mil as of Apr. 2026. GuruFocus rates XSWX:AI with a GF Score™ of 53/100 and a GF Value™ of CHF13.31. The stock has 7 warning signs investors should review.

C3.ai's Operating Income for the three months ended in Apr. 2026 was CHF-86.9 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Apr. 2026 was CHF-386.9 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. C3.ai's Operating Income for the three months ended in Apr. 2026 was CHF-86.9 Mil. C3.ai's Revenue for the three months ended in Apr. 2026 was CHF40.6 Mil. Therefore, C3.ai's Operating Margin % for the quarter that ended in Apr. 2026 was -213.82%.

Warning Sign:

C3.ai Inc operating margin has been in a 5-year decline. The average rate of decline per year is -29.5%.

C3.ai's 5-Year average Growth Rate for Operating Margin % was -29.50% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. C3.ai's annualized ROC % for the quarter that ended in Apr. 2026 was -195.59%. C3.ai's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 was -407.31%.


C3.ai  (XSWX:AI) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

C3.ai's annualized ROC % for the quarter that ended in Apr. 2026 is calculated as:

ROC % (Q: Apr. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jan. 2026 ) + Invested Capital (Q: Apr. 2026 ))/ count )
=-347.584 * ( 1 - 0% )/( (185.36 + 170.065)/ 2 )
=-347.584/177.7125
=-195.59 %

where

Invested Capital(Q: Apr. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=642.897 - 19.608 - ( 453.224 - max(0, 83.935 - 557.591+453.224))
=170.065

Note: The Operating Income data used here is four times the quarterly (Apr. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

C3.ai's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Apr. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jan. 2026  Q: Apr. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-347.584/( ( (55.888 + max(37.267, 0)) + (52.694 + max(24.824, 0)) )/ 2 )
=-347.584/( ( 93.155 + 77.518 )/ 2 )
=-347.584/85.3365
=-407.31 %

where Working Capital is:

Working Capital(Q: Jan. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(97.546 + 0 + 29.367) - (30.82 + 29.599 + 29.227)
=37.267

Working Capital(Q: Apr. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(79.192 + 0 + 25.175) - (19.608 + 27.457 + 32.478)
=24.824

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Apr. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

C3.ai's Operating Margin % for the quarter that ended in Apr. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Apr. 2026 )/Revenue (Q: Apr. 2026 )
=-86.896/40.64
=-213.82 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


C3.ai Operating Income Related Terms


C3.ai Operating Income Historical Data

* Premium members only.

The historical data trend for C3.ai's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

C3.ai Operating Income Chart

C3.ai Annual Data
Trend Apr19 Apr20 Apr21 Apr22 Apr23 Apr24 Apr25 Apr26
Operating Income
Get a 7-Day Free Trial -185.34 -261.01 -289.66 -270.47 -384.09

C3.ai Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -74.17 -99.72 -89.41 -110.84 -86.90
XSWX:AI
53GF Score
C3.ai Inc XSWX:AI
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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C3.ai Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Apr. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was CHF-386.9 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of CHF-386.9 Mil mean?
C3.ai (XSWX:AI) has a Operating Income of CHF-386.9 Mil as of Apr. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on C3.ai and its competitors.
Is C3.ai's Operating Income too high?
C3.ai's current Operating Income is CHF-386.9 Mil. Overall, C3.ai has a GF Score™ of 53/100, reflecting its overall financial health beyond just this single metric.
How does C3.ai's Operating Income compare to EVTC and APPN?
C3.ai's Operating Income of CHF-386.9 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Software company?
A good Operating Income depends on the Software industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on C3.ai and its competitors. C3.ai's current Operating Income is CHF-386.9 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is C3.ai stock overvalued right now?
C3.ai (XSWX:AI) has a current Operating Income of CHF-386.9 Mil. The stock's GF Value™ is CHF13.31, compared to a current price of CHF7.23 — trading 45.7% below its estimated fair value. The current Operating Income is CHF-386.9 Mil. C3.ai's overall GF Score™ is 53/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For C3.ai (XSWX:AI), the current Operating Income is CHF-386.9 Mil as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is C3.ai (XSWX:AI) Overvalued in 2026?

Based on GuruFocus' analysis, C3.ai stock appears to be undervalued. The current stock price of CHF7.23 is trading 45.7% below its estimated GF Value™ of CHF13.31.

Key valuation signals for XSWX:AI:

  • Operating Income: CHF-386.9 Mil
  • GF Value™: CHF13.31 vs. price of CHF7.23 (45.7% below fair value)
  • GF Score™: 53/100 with 7 warning signs

No single metric tells the full story. See the XSWX:AI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


C3.ai Business Description

Address 1400 Seaport Boulevard, Redwood City, CA, USA, 94063
C3.ai Inc is an enterprise artificial intelligence company. The company provides software-as-a-service applications that enable customers to rapidly develop, deploy, and operate large-scale Enterprise AI applications across any infrastructure. It provides solutions under three divisions namely, The C3 AI Platform, which is an end-to-end application development and runtime environment for designing, developing, and deploying AI applications: C3 AI Applications, which is a portfolio of pre-built, extensible, industry-specific, and application-specific Enterprise AI applications: and C3 Generative AI, which combines the utility of large language models. Geographically the company derives revenue from North America, Europe, the Middle East and Africa, Asia Pacific, and the Rest of the World.
53GF Score

Get the complete analysis for XSWX:AI

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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Price
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