C3.ai Files 2024 Annual Report

TL;DR

C3.ai dropped its 2024 10-K, check financials for the year ending April 30.

AI Summary

C3.ai, Inc. filed its 10-K for the fiscal year ending April 30, 2024. The company, formerly known as C3 IoT, Inc. and C3, Inc., is based in Redwood City, California. The filing details its financial performance and business operations for the period.

Why It Matters

This filing provides investors and the public with a comprehensive overview of C3.ai's financial health and strategic direction for the past fiscal year.

Risk Assessment

Risk Level: medium — As a technology company in a competitive market, C3.ai faces inherent risks related to innovation, market adoption, and financial performance.

Key Numbers

• 20240430 — Fiscal Year End (The reporting period concludes on this date.)
• 20240618 — Filing Date (The date the 10-K was officially submitted to the SEC.)

Key Players & Entities

• C3.ai, Inc. (company) — Filer of the 10-K
• 20240430 (date) — Fiscal year end date
• 1400 SEAPORT BLVD (location) — Company's business and mailing address
• REDWOOD CITY (location) — City of company's headquarters
• C3 IoT, Inc. (company) — Former company name
• C3, Inc. (company) — Former company name

FAQ

Key Financial Figures

• $0.001 — stered Class A Common Stock, par value $0.001 per share AI New York Stock Exchange
• $24.40 — quarter), based on the closing price of $24.40 for shares of the registrant's Class A

Filing Documents

• ai-20240430.htm (10-K) — 2268KB
• exhibit191-insidertradingp.htm (EX-19.1) — 84KB
• fy24exhibit211.htm (EX-21.1) — 8KB
• fy24-exhibit231.htm (EX-23.1) — 3KB
• fy24302certification-ceo10.htm (EX-31.1) — 11KB
• fy24302certification-cfo10.htm (EX-31.2) — 11KB
• fy24906certification-ceo10.htm (EX-32.1) — 5KB
• fy24906certification-cfo10.htm (EX-32.2) — 5KB
• exhibit971-c3aiincincentiv.htm (EX-97.1) — 45KB
• ai-20240430_g1.jpg (GRAPHIC) — 501KB
• image_0a.jpg (GRAPHIC) — 0KB
• 0001628280-24-028786.txt ( ) — 11569KB
• ai-20240430.xsd (EX-101.SCH) — 58KB
• ai-20240430_cal.xml (EX-101.CAL) — 105KB
• ai-20240430_def.xml (EX-101.DEF) — 340KB
• ai-20240430_lab.xml (EX-101.LAB) — 825KB
• ai-20240430_pre.xml (EX-101.PRE) — 587KB
• ai-20240430_htm.xml (XML) — 1524KB

Business

Business 7 Item 1A.

Risk Factors

Risk Factors 23 Item 1B. Unresolved Staff Comments 60

C

Item 1 C . Cybersecurity 61 Item 2.

Properties

Properties 62 Item 3.

Legal Proceedings

Legal Proceedings 62 Item 4. Mine Safety Disclosures 62 Part II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 63 Item 6. [Reserved] 64 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 65 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 85 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 86 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 125 Item 9A.

Controls and Procedures

Controls and Procedures 125 Item 9B. Other Information 128 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 128 Part III Item 10. Directors, Executive Officers and Corporate Governance 129 Item 11.

Executive Compensation

Executive Compensation 129 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 129 Item 13. Certain Relationships and Related Transactions, and Director Independence 129 Item 14. Principal Accounting Fees and Services 129 Part IV Item 15. Exhibits and Financial Statement Schedules 130 Item 16. Form 10-K Summary 132

Signatures

Signatures 2 Table of Contents SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS This Annual Report on Form 10-K contains forward-looking statements about us and our industry that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this Annual Report on Form 10-K, including statements regarding our future results of operations or financial condition, business strategy, plans and objectives of management for future operations, and the benefits and timing of the rollout of new technology, are forward-looking statements. In some cases, you can identify forward-looking statements because they contain words such as "anticipate," "believe," "contemplate," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will" or "would" or the negative of these words or other similar terms or expressions. These forward-looking statements include, but are not limited to, statements concerning the following: our expectations regarding our revenue, expenses, and other operating results, including statements relating to the portion of our remaining performance obligations that we expect to be recognized as revenue in future periods our ability to acquire new customers and successfully retain existing customers our ability to increase usage of our C3 AI Software, which includes our C3 AI Platform, C3 AI Applications and C3 Generative AI our ability to achieve or sustain profitability future investments in our business, our anticipated capital expenditures, and our estimates regarding our capital requirements; the costs and success of our sales and marketing efforts, and our ability to promote our brand our growth strategies for our C3 AI Software our expectations regarding our C3 AI Software; the estimated addressable market opportunity for our C3 AI Software the expected timing of our product releases; our expectations regarding our pricin

BUSINESS

ITEM 1. BUSINESS Overview C3 AI is the Enterprise AI application software company. C3 AI delivers a family of fully integrated products including the C3 AI Platform, an end-to-end platform for developing, deploying, and operating Enterprise AI Applications; C3 AI Applications, a portfolio of industry-specific SaaS Enterprise AI applications that enable the digital transformation of organizations globally; and C3 Generative AI - a unified knowledge source that combines the power of foundational large language models (LLMs), retrieval models, and the C3 AI Platform, to enable enterprise users to rapidly locate, retrieve, reason, and act on enterprise data and insights through an intuitive search and chat interface. The C3 AI Platform and C3 AI Applications — built with our patented model-driven architecture — enable organizations to simplify and accelerate Enterprise AI application development, deployment, and administration. Our C3 AI software platform also enables developers to rapidly build applications without having to write complex, lengthy, structured programming code to define, control, and integrate the many requisite data and microservices components to work together; we significantly reduce the effort and complexity of the Enterprise AI software engineering problem. C3 Generative AI provides enterprise users with a transformative user experience using a natural language interface to rapidly locate, retrieve, and present relevant data from across the entire corpus of an enterprise's information systems. C3 Generative AI enables rapid access to information, analyses, and predictive analytics associated with and derived from enterprise and external systems while respecting access controls. C3 Generative AI is built natively into the C3 AI Platform and available with every C3 AI Application. C3 Generative AI is also available as a standalone capability deployable against customer datasets and software applications enabling customers to leverage large langu

View Full Filing

View this 10-K filing on SEC EDGAR