REDWOOD CITY, Calif.--(BUSINESS WIRE)--C3 AI (NYSE: AI), the Enterprise AI application software company, today announced that Verdantix has named the company a Leader in its Green Quadrant: Industrial AI Analytics Software (2025) report, awarding the company the highest overall scores in capabilities and momentum. This report evaluates Enterprise AI analytics software vendors in predictive maintenance and supply chain solutions based upon capabilities and momentum. "C3 AI continues to set the s. ...

Key Takeaways C3.ai, Inc. (AI) is capitalizing on the booming demand for enterprise AI. However, the company now faces a critical challenge. As competition intensifies from both tech giants and emerging players, C3.ai must defend its specialized niche in turnkey AI applications. In fourth-quarter fiscal 2025, C3.ai reported strong year-over-year revenue growth of 26%, driven primarily by subscription and prioritized engineering services. It closed the year with $742.7 million in cash and no debt, underscori ...

行业背景 - 投资者对人工智能的关注主要集中在大型科技公司 但并非唯一涉足AI领域的公司 [1] - C3ai作为企业级AI软件提供商 早在AI热潮前就已布局该领域 但近年因盈利问题股价暴跌 [1] 公司业务 - C3ai定位为"企业级AI应用软件公司" 为Baker Hughes和美国空军等大型企业构建定制化分析工具 [3] - 公司正扩展生成式AI和代理AI业务 推出两款新工具 并与大型云服务商及麦肯锡合作 上季度合作伙伴支持的订单量增长419% [4] - 上一财年总计签署264份协议 同比增长38% [4] 财务表现 - 上季度收入同比增长26% 但剩余绩效义务(未来收入指标)从2022年近5亿美元骤降至上季度末的235亿美元 [5] - 公司持续亏损 过去12个月运营亏损达324亿美元 而收入仅389亿美元 [6] - 2025财年(截至4月)将60%收入用于股权激励 该模式不可持续 [6] 竞争格局 - 竞争对手Palantir Technologies收入规模约为C3ai的10倍 且增长更快 剩余绩效义务持续攀升 [7] - 大型企业更倾向选择Palantir而非C3ai 数据表现印证这一趋势 [7] 估值分析 - 尽管财务表现不佳 公司仍维持高估值 当前市销率(P/S)达83倍(截至2025年6月11日) [10] - 缺乏盈利能力导致无法计算市盈率 但市销率明显高于同类软件公司合理水平 [10][11]