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Side-by-side financial comparison of C3.ai, Inc. (AI) and AMERISAFE INC (AMSF). Click either name above to swap in a different company.
AMERISAFE INC is the larger business by last-quarter revenue ($80.1M vs $75.1M, roughly 1.1× C3.ai, Inc.). AMERISAFE INC runs the higher net margin — 10.2% vs -139.3%, a 149.5% gap on every dollar of revenue. On growth, AMERISAFE INC posted the faster year-over-year revenue change (10.3% vs -20.3%). Over the past eight quarters, AMERISAFE INC's revenue compounded faster (2.8% 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.
AMERISAFE Inc. is a specialty insurance provider that focuses exclusively on workers' compensation coverage for small and mid-sized businesses in high-hazard industries including construction, logging, trucking, and manufacturing. It operates across 49 U.S. states, offering tailored insurance policies paired with targeted risk management support for clients.
AI vs AMSF — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $75.1M | $80.1M |
| Net Profit | $-104.7M | $8.1M |
| Gross Margin | 40.4% | — |
| Operating Margin | -149.2% | — |
| Net Margin | -139.3% | 10.2% |
| Revenue YoY | -20.3% | 10.3% |
| Net Profit YoY | -58.7% | -9.0% |
| EPS (diluted) | $-0.75 | $0.43 |
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.
| Q1 26 | — | $80.1M | ||
| Q4 25 | $75.1M | $81.6M | ||
| Q3 25 | $70.3M | $82.0M | ||
| Q2 25 | $108.7M | $81.1M | ||
| Q1 25 | $98.8M | $72.6M | ||
| Q4 24 | $94.3M | $74.0M | ||
| Q3 24 | $87.2M | $78.7M | ||
| Q2 24 | $86.6M | $75.8M |
| Q1 26 | — | $8.1M | ||
| Q4 25 | $-104.7M | $10.4M | ||
| Q3 25 | $-116.8M | $13.8M | ||
| Q2 25 | $-79.7M | $14.0M | ||
| Q1 25 | $-80.2M | $8.9M | ||
| Q4 24 | $-66.0M | $13.2M | ||
| Q3 24 | $-62.8M | $14.3M | ||
| Q2 24 | $-72.9M | $11.0M |
| Q1 26 | — | — | ||
| Q4 25 | 40.4% | — | ||
| Q3 25 | 37.6% | — | ||
| Q2 25 | 62.1% | — | ||
| Q1 25 | 59.1% | — | ||
| Q4 24 | 61.3% | — | ||
| Q3 24 | 59.8% | — | ||
| Q2 24 | 59.6% | — |
| Q1 26 | — | — | ||
| Q4 25 | -149.2% | 15.6% | ||
| Q3 25 | -177.7% | 21.3% | ||
| Q2 25 | -81.8% | 21.5% | ||
| Q1 25 | -88.7% | 15.5% | ||
| Q4 24 | -79.8% | 22.7% | ||
| Q3 24 | -83.2% | 22.6% | ||
| Q2 24 | -95.1% | 18.1% |
| Q1 26 | — | 10.2% | ||
| Q4 25 | -139.3% | 12.8% | ||
| Q3 25 | -166.2% | 16.9% | ||
| Q2 25 | -73.3% | 17.2% | ||
| Q1 25 | -81.2% | 12.3% | ||
| Q4 24 | -69.9% | 17.8% | ||
| Q3 24 | -72.0% | 18.2% | ||
| Q2 24 | -84.2% | 14.5% |
| Q1 26 | — | $0.43 | ||
| Q4 25 | $-0.75 | $0.55 | ||
| Q3 25 | $-0.86 | $0.72 | ||
| Q2 25 | $-0.60 | $0.73 | ||
| Q1 25 | $-0.62 | $0.47 | ||
| Q4 24 | $-0.52 | $0.69 | ||
| Q3 24 | $-0.50 | $0.75 | ||
| Q2 24 | $-0.59 | $0.57 |
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 | $34.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $771.9M | $246.6M |
| Total Assets | $961.3M | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $34.2M | ||
| Q4 25 | $675.0M | $61.9M | ||
| Q3 25 | $711.9M | $54.7M | ||
| Q2 25 | $742.7M | $48.5M | ||
| Q1 25 | $724.3M | $44.8M | ||
| Q4 24 | $730.4M | $44.1M | ||
| Q3 24 | $762.5M | $63.7M | ||
| Q2 24 | $750.4M | $30.6M |
| Q1 26 | — | $246.6M | ||
| Q4 25 | $771.9M | $251.6M | ||
| Q3 25 | $798.8M | $274.8M | ||
| Q2 25 | $838.3M | $265.6M | ||
| Q1 25 | $860.2M | $260.8M | ||
| Q4 24 | $859.0M | $257.3M | ||
| Q3 24 | $874.9M | $314.4M | ||
| Q2 24 | $873.4M | $301.0M |
| Q1 26 | — | — | ||
| Q4 25 | $961.3M | $1.1B | ||
| Q3 25 | $968.7M | $1.2B | ||
| Q2 25 | $1.0B | $1.2B | ||
| Q1 25 | $1.1B | $1.2B | ||
| Q4 24 | $1.0B | $1.2B | ||
| Q3 24 | $1.1B | $1.3B | ||
| Q2 24 | $1.0B | $1.2B |
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 | — |
| Free Cash FlowOCF − Capex | $-46.9M | — |
| FCF MarginFCF / Revenue | -62.4% | — |
| Capex IntensityCapex / Revenue | 0.5% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-93.2M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-46.5M | $11.1M | ||
| Q3 25 | $-33.5M | $10.7M | ||
| Q2 25 | $11.3M | $-8.4M | ||
| Q1 25 | $-22.0M | $-1.8M | ||
| Q4 24 | $-38.7M | $24.2M | ||
| Q3 24 | $8.0M | $8.4M | ||
| Q2 24 | $21.3M | $-2.6M |
| Q1 26 | — | — | ||
| Q4 25 | $-46.9M | $8.9M | ||
| Q3 25 | $-34.3M | $9.8M | ||
| Q2 25 | $10.3M | $-9.5M | ||
| Q1 25 | $-22.4M | $-1.8M | ||
| Q4 24 | $-39.5M | $23.4M | ||
| Q3 24 | $7.1M | $8.4M | ||
| Q2 24 | $18.8M | $-2.6M |
| Q1 26 | — | — | ||
| Q4 25 | -62.4% | 10.9% | ||
| Q3 25 | -48.8% | 11.9% | ||
| Q2 25 | 9.5% | -11.7% | ||
| Q1 25 | -22.7% | -2.5% | ||
| Q4 24 | -41.9% | 31.5% | ||
| Q3 24 | 8.2% | 10.7% | ||
| Q2 24 | 21.7% | -3.5% |
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 2.6% | ||
| Q3 25 | 1.1% | 1.1% | ||
| Q2 25 | 0.9% | 1.3% | ||
| Q1 25 | 0.4% | 0.0% | ||
| Q4 24 | 0.9% | 1.1% | ||
| Q3 24 | 1.1% | 0.0% | ||
| Q2 24 | 2.9% | 0.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.06× | ||
| Q3 25 | — | 0.77× | ||
| Q2 25 | — | -0.61× | ||
| Q1 25 | — | -0.20× | ||
| Q4 24 | — | 1.83× | ||
| Q3 24 | — | 0.59× | ||
| Q2 24 | — | -0.24× |
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% |
AMSF
Segment breakdown not available.
