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Side-by-side financial comparison of C3.ai, Inc. (AI) and Cytek Biosciences, Inc. (CTKB). Click either name above to swap in a different company.
C3.ai, Inc. is the larger business by last-quarter revenue ($75.1M vs $62.1M, roughly 1.2× Cytek Biosciences, Inc.). Cytek Biosciences, Inc. runs the higher net margin — -70.9% vs -139.3%, a 68.4% gap on every dollar of revenue. On growth, Cytek Biosciences, Inc. posted the faster year-over-year revenue change (8.1% vs -20.3%). Cytek Biosciences, Inc. produced more free cash flow last quarter ($-1.8M vs $-46.9M). Over the past eight quarters, Cytek Biosciences, Inc.'s revenue compounded faster (17.7% 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.
Cytek Biosciences, Inc. develops, manufactures and sells high-performance flow cytometry systems, associated reagents and analysis software. Its solutions serve life science research, clinical diagnostics and biopharmaceutical sectors, with a global customer base across North America, Europe and the Asia-Pacific region.
AI vs CTKB — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $75.1M | $62.1M |
| Net Profit | $-104.7M | $-44.1M |
| Gross Margin | 40.4% | 52.9% |
| Operating Margin | -149.2% | -9.0% |
| Net Margin | -139.3% | -70.9% |
| Revenue YoY | -20.3% | 8.1% |
| Net Profit YoY | -58.7% | -557.1% |
| EPS (diluted) | $-0.75 | — |
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 | $62.1M | ||
| Q3 25 | $70.3M | $52.3M | ||
| Q2 25 | $108.7M | $45.6M | ||
| Q1 25 | $98.8M | $41.5M | ||
| Q4 24 | $94.3M | $57.5M | ||
| Q3 24 | $87.2M | $51.5M | ||
| Q2 24 | $86.6M | $46.6M | ||
| Q1 24 | $78.4M | $44.9M |
| Q4 25 | $-104.7M | $-44.1M | ||
| Q3 25 | $-116.8M | $-5.5M | ||
| Q2 25 | $-79.7M | $-5.6M | ||
| Q1 25 | $-80.2M | $-11.4M | ||
| Q4 24 | $-66.0M | $9.6M | ||
| Q3 24 | $-62.8M | $941.0K | ||
| Q2 24 | $-72.9M | $-10.4M | ||
| Q1 24 | $-72.6M | $-6.2M |
| Q4 25 | 40.4% | 52.9% | ||
| Q3 25 | 37.6% | 52.7% | ||
| Q2 25 | 62.1% | 52.3% | ||
| Q1 25 | 59.1% | 48.6% | ||
| Q4 24 | 61.3% | 58.5% | ||
| Q3 24 | 59.8% | 56.3% | ||
| Q2 24 | 59.6% | 54.6% | ||
| Q1 24 | 57.8% | 51.3% |
| Q4 25 | -149.2% | -9.0% | ||
| Q3 25 | -177.7% | -17.6% | ||
| Q2 25 | -81.8% | -23.3% | ||
| Q1 25 | -88.7% | -36.1% | ||
| Q4 24 | -79.8% | 5.2% | ||
| Q3 24 | -83.2% | -8.2% | ||
| Q2 24 | -95.1% | -18.3% | ||
| Q1 24 | -105.3% | -23.9% |
| Q4 25 | -139.3% | -70.9% | ||
| Q3 25 | -166.2% | -10.5% | ||
| Q2 25 | -73.3% | -12.2% | ||
| Q1 25 | -81.2% | -27.5% | ||
| Q4 24 | -69.9% | 16.8% | ||
| Q3 24 | -72.0% | 1.8% | ||
| Q2 24 | -84.2% | -22.4% | ||
| Q1 24 | -92.6% | -13.8% |
| Q4 25 | $-0.75 | — | ||
| Q3 25 | $-0.86 | — | ||
| Q2 25 | $-0.60 | — | ||
| Q1 25 | $-0.62 | — | ||
| Q4 24 | $-0.52 | — | ||
| Q3 24 | $-0.50 | — | ||
| Q2 24 | $-0.59 | — | ||
| Q1 24 | $-0.60 | — |
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 | $90.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $771.9M | $341.7M |
| Total Assets | $961.3M | $461.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $675.0M | $90.9M | ||
| Q3 25 | $711.9M | $93.3M | ||
| Q2 25 | $742.7M | $75.5M | ||
| Q1 25 | $724.3M | $95.3M | ||
| Q4 24 | $730.4M | $98.7M | ||
| Q3 24 | $762.5M | $162.3M | ||
| Q2 24 | $750.4M | $177.9M | ||
| Q1 24 | $723.3M | $168.8M |
| Q4 25 | $771.9M | $341.7M | ||
| Q3 25 | $798.8M | $378.6M | ||
| Q2 25 | $838.3M | $377.6M | ||
| Q1 25 | $860.2M | $379.6M | ||
| Q4 24 | $859.0M | $395.7M | ||
| Q3 24 | $874.9M | $385.5M | ||
| Q2 24 | $873.4M | $389.1M | ||
| Q1 24 | $898.0M | $392.6M |
| Q4 25 | $961.3M | $461.5M | ||
| Q3 25 | $968.7M | $494.9M | ||
| Q2 25 | $1.0B | $493.3M | ||
| Q1 25 | $1.1B | $482.6M | ||
| Q4 24 | $1.0B | $499.5M | ||
| Q3 24 | $1.1B | $491.2M | ||
| Q2 24 | $1.0B | $483.7M | ||
| Q1 24 | $1.1B | $492.1M |
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 | $-771.0K |
| Free Cash FlowOCF − Capex | $-46.9M | $-1.8M |
| FCF MarginFCF / Revenue | -62.4% | -2.9% |
| Capex IntensityCapex / Revenue | 0.5% | 1.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-93.2M | $-8.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-46.5M | $-771.0K | ||
| Q3 25 | $-33.5M | $-3.9M | ||
| Q2 25 | $11.3M | $108.0K | ||
| Q1 25 | $-22.0M | $-125.0K | ||
| Q4 24 | $-38.7M | $2.0M | ||
| Q3 24 | $8.0M | $13.2M | ||
| Q2 24 | $21.3M | $6.2M | ||
| Q1 24 | $-39.1M | $4.0M |
| Q4 25 | $-46.9M | $-1.8M | ||
| Q3 25 | $-34.3M | $-4.6M | ||
| Q2 25 | $10.3M | $-1.5M | ||
| Q1 25 | $-22.4M | $-974.0K | ||
| Q4 24 | $-39.5M | $1.1M | ||
| Q3 24 | $7.1M | $12.2M | ||
| Q2 24 | $18.8M | $5.2M | ||
| Q1 24 | $-45.1M | $3.4M |
| Q4 25 | -62.4% | -2.9% | ||
| Q3 25 | -48.8% | -8.7% | ||
| Q2 25 | 9.5% | -3.2% | ||
| Q1 25 | -22.7% | -2.3% | ||
| Q4 24 | -41.9% | 1.9% | ||
| Q3 24 | 8.2% | 23.7% | ||
| Q2 24 | 21.7% | 11.0% | ||
| Q1 24 | -57.6% | 7.6% |
| Q4 25 | 0.5% | 1.6% | ||
| Q3 25 | 1.1% | 1.3% | ||
| Q2 25 | 0.9% | 3.5% | ||
| Q1 25 | 0.4% | 2.0% | ||
| Q4 24 | 0.9% | 1.6% | ||
| Q3 24 | 1.1% | 2.0% | ||
| Q2 24 | 2.9% | 2.3% | ||
| Q1 24 | 7.8% | 1.3% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.21× | ||
| Q3 24 | — | 14.05× | ||
| Q2 24 | — | — | ||
| Q1 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% |
CTKB
| Products | $46.6M | 75% |
| Services | $15.5M | 25% |
