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Side-by-side financial comparison of C3.ai, Inc. (AI) and DocGo Inc. (DCGO). Click either name above to swap in a different company.
C3.ai, Inc. is the larger business by last-quarter revenue ($75.1M vs $74.9M, roughly 1.0× DocGo Inc.). C3.ai, Inc. runs the higher net margin — -139.3% vs -190.0%, a 50.7% gap on every dollar of revenue. On growth, C3.ai, Inc. posted the faster year-over-year revenue change (-20.3% vs -38.0%). DocGo Inc. produced more free cash flow last quarter ($-12.0M vs $-46.9M). Over the past eight quarters, C3.ai, Inc.'s revenue compounded faster (-2.1% CAGR vs -37.5%).
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.
DocGo Inc. is a U.S.-headquartered mobile healthcare and on-demand medical service provider. It offers a range of solutions including in-home urgent care, diagnostic testing, telehealth consultations, and corporate wellness programs, serving individual patients, health systems, enterprise clients, and public sector organizations across North America.
AI vs DCGO — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $75.1M | $74.9M |
| Net Profit | $-104.7M | $-142.3M |
| Gross Margin | 40.4% | — |
| Operating Margin | -149.2% | -139.6% |
| Net Margin | -139.3% | -190.0% |
| Revenue YoY | -20.3% | -38.0% |
| Net Profit YoY | -58.7% | -1761.4% |
| EPS (diluted) | $-0.75 | $-1.36 |
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 | $74.9M | ||
| Q3 25 | $70.3M | $70.8M | ||
| Q2 25 | $108.7M | $80.4M | ||
| Q1 25 | $98.8M | $96.0M | ||
| Q4 24 | $94.3M | $120.8M | ||
| Q3 24 | $87.2M | $138.7M | ||
| Q2 24 | $86.6M | $164.9M | ||
| Q1 24 | $78.4M | $192.1M |
| Q4 25 | $-104.7M | $-142.3M | ||
| Q3 25 | $-116.8M | $-27.8M | ||
| Q2 25 | $-79.7M | $-11.2M | ||
| Q1 25 | $-80.2M | $-9.4M | ||
| Q4 24 | $-66.0M | $-7.6M | ||
| Q3 24 | $-62.8M | $5.5M | ||
| Q2 24 | $-72.9M | $6.5M | ||
| Q1 24 | $-72.6M | $11.2M |
| 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 24 | 57.8% | — |
| Q4 25 | -149.2% | -139.6% | ||
| Q3 25 | -177.7% | -59.3% | ||
| Q2 25 | -81.8% | -21.7% | ||
| Q1 25 | -88.7% | -14.6% | ||
| Q4 24 | -79.8% | -6.2% | ||
| Q3 24 | -83.2% | 7.3% | ||
| Q2 24 | -95.1% | 6.2% | ||
| Q1 24 | -105.3% | 8.3% |
| Q4 25 | -139.3% | -190.0% | ||
| Q3 25 | -166.2% | -39.2% | ||
| Q2 25 | -73.3% | -13.9% | ||
| Q1 25 | -81.2% | -9.8% | ||
| Q4 24 | -69.9% | -6.3% | ||
| Q3 24 | -72.0% | 4.0% | ||
| Q2 24 | -84.2% | 4.0% | ||
| Q1 24 | -92.6% | 5.8% |
| Q4 25 | $-0.75 | $-1.36 | ||
| Q3 25 | $-0.86 | $-0.28 | ||
| Q2 25 | $-0.60 | $-0.11 | ||
| Q1 25 | $-0.62 | $-0.09 | ||
| Q4 24 | $-0.52 | $-0.03 | ||
| Q3 24 | $-0.50 | $0.05 | ||
| Q2 24 | $-0.59 | $0.06 | ||
| Q1 24 | $-0.60 | $0.10 |
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 | $51.0M |
| Total DebtLower is stronger | — | $235.6K |
| Stockholders' EquityBook value | $771.9M | $144.0M |
| Total Assets | $961.3M | $217.1M |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $675.0M | $51.0M | ||
| Q3 25 | $711.9M | $73.4M | ||
| Q2 25 | $742.7M | $104.2M | ||
| Q1 25 | $724.3M | $79.0M | ||
| Q4 24 | $730.4M | $89.2M | ||
| Q3 24 | $762.5M | $89.5M | ||
| Q2 24 | $750.4M | $66.1M | ||
| Q1 24 | $723.3M | $41.2M |
| Q4 25 | — | $235.6K | ||
| Q3 25 | — | $249.9K | ||
| Q2 25 | — | $12.6K | ||
| Q1 25 | — | $15.1K | ||
| Q4 24 | — | $17.7K | ||
| Q3 24 | — | $47.7K | ||
| Q2 24 | — | $52.8K | ||
| Q1 24 | — | $60.1K |
| Q4 25 | $771.9M | $144.0M | ||
| Q3 25 | $798.8M | $270.5M | ||
| Q2 25 | $838.3M | $297.3M | ||
| Q1 25 | $860.2M | $309.3M | ||
| Q4 24 | $859.0M | $320.9M | ||
| Q3 24 | $874.9M | $325.2M | ||
| Q2 24 | $873.4M | $315.2M | ||
| Q1 24 | $898.0M | $311.3M |
| Q4 25 | $961.3M | $217.1M | ||
| Q3 25 | $968.7M | $353.8M | ||
| Q2 25 | $1.0B | $408.3M | ||
| Q1 25 | $1.1B | $430.8M | ||
| Q4 24 | $1.0B | $455.6M | ||
| Q3 24 | $1.1B | $493.9M | ||
| Q2 24 | $1.0B | $488.2M | ||
| Q1 24 | $1.1B | $490.7M |
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 0.00× |
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 | $-10.5M |
| Free Cash FlowOCF − Capex | $-46.9M | $-12.0M |
| FCF MarginFCF / Revenue | -62.4% | -16.0% |
| Capex IntensityCapex / Revenue | 0.5% | 2.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-93.2M | $29.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-46.5M | $-10.5M | ||
| Q3 25 | $-33.5M | $1.7M | ||
| Q2 25 | $11.3M | $33.6M | ||
| Q1 25 | $-22.0M | $9.7M | ||
| Q4 24 | $-38.7M | $12.7M | ||
| Q3 24 | $8.0M | $31.1M | ||
| Q2 24 | $21.3M | $36.9M | ||
| Q1 24 | $-39.1M | $-10.6M |
| Q4 25 | $-46.9M | $-12.0M | ||
| Q3 25 | $-34.3M | $782.6K | ||
| Q2 25 | $10.3M | $32.9M | ||
| Q1 25 | $-22.4M | $8.2M | ||
| Q4 24 | $-39.5M | $12.0M | ||
| Q3 24 | $7.1M | $30.2M | ||
| Q2 24 | $18.8M | $35.9M | ||
| Q1 24 | $-45.1M | $-11.6M |
| Q4 25 | -62.4% | -16.0% | ||
| Q3 25 | -48.8% | 1.1% | ||
| Q2 25 | 9.5% | 40.9% | ||
| Q1 25 | -22.7% | 8.5% | ||
| Q4 24 | -41.9% | 9.9% | ||
| Q3 24 | 8.2% | 21.8% | ||
| Q2 24 | 21.7% | 21.7% | ||
| Q1 24 | -57.6% | -6.0% |
| Q4 25 | 0.5% | 2.0% | ||
| Q3 25 | 1.1% | 1.2% | ||
| Q2 25 | 0.9% | 0.9% | ||
| Q1 25 | 0.4% | 1.5% | ||
| Q4 24 | 0.9% | 0.6% | ||
| Q3 24 | 1.1% | 0.7% | ||
| Q2 24 | 2.9% | 0.6% | ||
| Q1 24 | 7.8% | 0.5% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 5.67× | ||
| Q2 24 | — | 5.65× | ||
| Q1 24 | — | -0.95× |
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% |
DCGO
| Transportation Services Segment | $50.2M | 67% |
| Mobile Health Services Segment | $24.8M | 33% |
