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Side-by-side financial comparison of C3.ai, Inc. (AI) and Arteris, Inc. (AIP). Click either name above to swap in a different company.
C3.ai, Inc. is the larger business by last-quarter revenue ($75.1M vs $20.1M, roughly 3.7× Arteris, Inc.). Arteris, Inc. runs the higher net margin — -42.2% vs -139.3%, a 97.1% gap on every dollar of revenue. On growth, Arteris, Inc. posted the faster year-over-year revenue change (30.0% vs -20.3%). Arteris, Inc. produced more free cash flow last quarter ($3.0M vs $-46.9M). Over the past eight quarters, Arteris, Inc.'s revenue compounded faster (24.7% CAGR vs -2.1%).
C3.ai, Inc. is a leading enterprise artificial intelligence software provider that develops and delivers scalable AI applications, platform tools, and industry-specific solutions for clients across sectors including manufacturing, energy, financial services, healthcare and public sector. Its offerings help organizations optimize operations, reduce costs, mitigate risks, and realize data-driven decision making.
Arteris, Inc. is a multinational technology company headquartered in Campbell, California. It develops the network-on-chip (NoC) IP and system-on-chip (SoC) integration automation software that is used to create semiconductor chip and chiplet designs for a variety of devices, particularly in automotive electronics, artificial intelligence, machine learning, enterprise computing, communications, consumer, industrial, and aerospace & defense markets. The company specializes in the development a...
AI vs AIP — Head-to-Head
Income Statement — Q2 2026 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $75.1M | $20.1M |
| Net Profit | $-104.7M | $-8.5M |
| Gross Margin | 40.4% | 90.8% |
| Operating Margin | -149.2% | -42.0% |
| Net Margin | -139.3% | -42.2% |
| Revenue YoY | -20.3% | 30.0% |
| Net Profit YoY | -58.7% | -3.7% |
| EPS (diluted) | $-0.75 | $-0.19 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $75.1M | $20.1M | ||
| Q3 25 | $70.3M | $17.4M | ||
| Q2 25 | $108.7M | $16.5M | ||
| Q1 25 | $98.8M | $16.5M | ||
| Q4 24 | $94.3M | $15.5M | ||
| Q3 24 | $87.2M | $14.7M | ||
| Q2 24 | $86.6M | $14.6M | ||
| Q1 24 | $78.4M | $12.9M |
| Q4 25 | $-104.7M | $-8.5M | ||
| Q3 25 | $-116.8M | $-9.0M | ||
| Q2 25 | $-79.7M | $-9.1M | ||
| Q1 25 | $-80.2M | $-8.1M | ||
| Q4 24 | $-66.0M | $-8.2M | ||
| Q3 24 | $-62.8M | $-7.7M | ||
| Q2 24 | $-72.9M | $-8.3M | ||
| Q1 24 | $-72.6M | $-9.4M |
| Q4 25 | 40.4% | 90.8% | ||
| Q3 25 | 37.6% | 89.9% | ||
| Q2 25 | 62.1% | 89.4% | ||
| Q1 25 | 59.1% | 90.8% | ||
| Q4 24 | 61.3% | 89.8% | ||
| Q3 24 | 59.8% | 90.1% | ||
| Q2 24 | 59.6% | 90.0% | ||
| Q1 24 | 57.8% | 88.7% |
| Q4 25 | -149.2% | -42.0% | ||
| Q3 25 | -177.7% | -50.1% | ||
| Q2 25 | -81.8% | -50.0% | ||
| Q1 25 | -88.7% | -46.6% | ||
| Q4 24 | -79.8% | -45.9% | ||
| Q3 24 | -83.2% | -53.8% | ||
| Q2 24 | -95.1% | -51.1% | ||
| Q1 24 | -105.3% | -70.5% |
| Q4 25 | -139.3% | -42.2% | ||
| Q3 25 | -166.2% | -51.6% | ||
| Q2 25 | -73.3% | -55.3% | ||
| Q1 25 | -81.2% | -49.1% | ||
| Q4 24 | -69.9% | -53.0% | ||
| Q3 24 | -72.0% | -52.2% | ||
| Q2 24 | -84.2% | -57.2% | ||
| Q1 24 | -92.6% | -72.6% |
| Q4 25 | $-0.75 | $-0.19 | ||
| Q3 25 | $-0.86 | $-0.21 | ||
| Q2 25 | $-0.60 | $-0.22 | ||
| Q1 25 | $-0.62 | $-0.20 | ||
| Q4 24 | $-0.52 | $-0.19 | ||
| Q3 24 | $-0.50 | $-0.20 | ||
| Q2 24 | $-0.59 | $-0.22 | ||
| Q1 24 | $-0.60 | $-0.25 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $675.0M | $33.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $771.9M | $-14.6M |
| Total Assets | $961.3M | $115.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $675.0M | $33.9M | ||
| Q3 25 | $711.9M | $39.0M | ||
| Q2 25 | $742.7M | $38.0M | ||
| Q1 25 | $724.3M | $42.3M | ||
| Q4 24 | $730.4M | $43.8M | ||
| Q3 24 | $762.5M | $48.7M | ||
| Q2 24 | $750.4M | $45.8M | ||
| Q1 24 | $723.3M | $44.8M |
| Q4 25 | $771.9M | $-14.6M | ||
| Q3 25 | $798.8M | $-11.4M | ||
| Q2 25 | $838.3M | $-7.5M | ||
| Q1 25 | $860.2M | $-4.8M | ||
| Q4 24 | $859.0M | $-1.2M | ||
| Q3 24 | $874.9M | $2.2M | ||
| Q2 24 | $873.4M | $5.3M | ||
| Q1 24 | $898.0M | $9.5M |
| Q4 25 | $961.3M | $115.0M | ||
| Q3 25 | $968.7M | $107.7M | ||
| Q2 25 | $1.0B | $106.9M | ||
| Q1 25 | $1.1B | $98.3M | ||
| Q4 24 | $1.0B | $106.1M | ||
| Q3 24 | $1.1B | $97.7M | ||
| Q2 24 | $1.0B | $96.4M | ||
| Q1 24 | $1.1B | $101.4M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-46.5M | $3.2M |
| Free Cash FlowOCF − Capex | $-46.9M | $3.0M |
| FCF MarginFCF / Revenue | -62.4% | 15.1% |
| Capex IntensityCapex / Revenue | 0.5% | 0.7% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-93.2M | $5.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-46.5M | $3.2M | ||
| Q3 25 | $-33.5M | $3.2M | ||
| Q2 25 | $11.3M | $-2.5M | ||
| Q1 25 | $-22.0M | $2.9M | ||
| Q4 24 | $-38.7M | $-2.6M | ||
| Q3 24 | $8.0M | $1.1M | ||
| Q2 24 | $21.3M | $311.0K | ||
| Q1 24 | $-39.1M | $477.0K |
| Q4 25 | $-46.9M | $3.0M | ||
| Q3 25 | $-34.3M | $2.5M | ||
| Q2 25 | $10.3M | $-2.8M | ||
| Q1 25 | $-22.4M | $2.7M | ||
| Q4 24 | $-39.5M | $-2.7M | ||
| Q3 24 | $7.1M | $1.1M | ||
| Q2 24 | $18.8M | $264.0K | ||
| Q1 24 | $-45.1M | $281.0K |
| Q4 25 | -62.4% | 15.1% | ||
| Q3 25 | -48.8% | 14.2% | ||
| Q2 25 | 9.5% | -17.2% | ||
| Q1 25 | -22.7% | 16.2% | ||
| Q4 24 | -41.9% | -17.3% | ||
| Q3 24 | 8.2% | 7.4% | ||
| Q2 24 | 21.7% | 1.8% | ||
| Q1 24 | -57.6% | 2.2% |
| Q4 25 | 0.5% | 0.7% | ||
| Q3 25 | 1.1% | 4.1% | ||
| Q2 25 | 0.9% | 2.2% | ||
| Q1 25 | 0.4% | 1.1% | ||
| Q4 24 | 0.9% | 0.3% | ||
| Q3 24 | 1.1% | 0.2% | ||
| Q2 24 | 2.9% | 0.3% | ||
| Q1 24 | 7.8% | 1.5% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AI
| License And Service | $70.2M | 93% |
| Professional Services | $4.9M | 7% |
AIP
| License And Maintenance | $17.5M | 87% |
| Variable Royalties And Other | $2.6M | 13% |
