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Side-by-side financial comparison of C3.ai, Inc. (AI) and Emerald Holding, Inc. (EEX). Click either name above to swap in a different company.
Emerald Holding, Inc. is the larger business by last-quarter revenue ($132.7M vs $75.1M, roughly 1.8× C3.ai, Inc.). Emerald Holding, Inc. runs the higher net margin — -22.8% vs -139.3%, a 116.5% gap on every dollar of revenue. On growth, Emerald Holding, Inc. posted the faster year-over-year revenue change (24.3% vs -20.3%). Emerald Holding, Inc. produced more free cash flow last quarter ($11.7M vs $-46.9M). Over the past eight quarters, Emerald Holding, Inc.'s revenue compounded faster (-0.3% 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.
TVS Emerald Haven Realty Limited is an Indian real estate development company headquartered in Chennai, Tamil Nadu. A subsidiary of TVS Holdings, it specializes in sustainable residential communities and urban development projects.
AI vs EEX — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $75.1M | $132.7M |
| Net Profit | $-104.7M | $-30.2M |
| Gross Margin | 40.4% | — |
| Operating Margin | -149.2% | -11.8% |
| Net Margin | -139.3% | -22.8% |
| Revenue YoY | -20.3% | 24.3% |
| Net Profit YoY | -58.7% | -692.2% |
| EPS (diluted) | $-0.75 | $-0.15 |
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 | $132.7M | ||
| Q3 25 | $70.3M | $77.5M | ||
| Q2 25 | $108.7M | $105.5M | ||
| Q1 25 | $98.8M | $147.7M | ||
| Q4 24 | $94.3M | $106.8M | ||
| Q3 24 | $87.2M | $72.6M | ||
| Q2 24 | $86.6M | $86.0M | ||
| Q1 24 | $78.4M | $133.4M |
| Q4 25 | $-104.7M | $-30.2M | ||
| Q3 25 | $-116.8M | $-14.4M | ||
| Q2 25 | $-79.7M | $-1.4M | ||
| Q1 25 | $-80.2M | $15.3M | ||
| Q4 24 | $-66.0M | $5.1M | ||
| Q3 24 | $-62.8M | $-11.1M | ||
| Q2 24 | $-72.9M | $-2.8M | ||
| Q1 24 | $-72.6M | $11.0M |
| 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% | -11.8% | ||
| Q3 25 | -177.7% | -10.1% | ||
| Q2 25 | -81.8% | 9.7% | ||
| Q1 25 | -88.7% | 24.2% | ||
| Q4 24 | -79.8% | 19.5% | ||
| Q3 24 | -83.2% | -6.5% | ||
| Q2 24 | -95.1% | 7.4% | ||
| Q1 24 | -105.3% | 18.2% |
| Q4 25 | -139.3% | -22.8% | ||
| Q3 25 | -166.2% | -18.6% | ||
| Q2 25 | -73.3% | -1.3% | ||
| Q1 25 | -81.2% | 10.4% | ||
| Q4 24 | -69.9% | 4.8% | ||
| Q3 24 | -72.0% | -15.3% | ||
| Q2 24 | -84.2% | -3.3% | ||
| Q1 24 | -92.6% | 8.2% |
| Q4 25 | $-0.75 | $-0.15 | ||
| Q3 25 | $-0.86 | $-0.07 | ||
| Q2 25 | $-0.60 | $-0.01 | ||
| Q1 25 | $-0.62 | $0.08 | ||
| Q4 24 | $-0.52 | $0.01 | ||
| Q3 24 | $-0.50 | $-0.05 | ||
| Q2 24 | $-0.59 | $-0.03 | ||
| Q1 24 | $-0.60 | $0.00 |
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 | $100.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $771.9M | $338.8M |
| Total Assets | $961.3M | $1.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $675.0M | $100.9M | ||
| Q3 25 | $711.9M | $95.4M | ||
| Q2 25 | $742.7M | $156.4M | ||
| Q1 25 | $724.3M | $276.8M | ||
| Q4 24 | $730.4M | $194.8M | ||
| Q3 24 | $762.5M | $188.9M | ||
| Q2 24 | $750.4M | $193.2M | ||
| Q1 24 | $723.3M | $186.8M |
| Q4 25 | $771.9M | $338.8M | ||
| Q3 25 | $798.8M | $369.5M | ||
| Q2 25 | $838.3M | $389.4M | ||
| Q1 25 | $860.2M | $392.1M | ||
| Q4 24 | $859.0M | $385.9M | ||
| Q3 24 | $874.9M | $391.1M | ||
| Q2 24 | $873.4M | $407.6M | ||
| Q1 24 | $898.0M | $-90.7M |
| Q4 25 | $961.3M | $1.2B | ||
| Q3 25 | $968.7M | $1.2B | ||
| Q2 25 | $1.0B | $1.2B | ||
| Q1 25 | $1.1B | $1.2B | ||
| Q4 24 | $1.0B | $1.0B | ||
| Q3 24 | $1.1B | $1.1B | ||
| Q2 24 | $1.0B | $1.1B | ||
| Q1 24 | $1.1B | $1.1B |
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 | $12.3M |
| Free Cash FlowOCF − Capex | $-46.9M | $11.7M |
| FCF MarginFCF / Revenue | -62.4% | 8.8% |
| Capex IntensityCapex / Revenue | 0.5% | 0.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-93.2M | $41.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-46.5M | $12.3M | ||
| Q3 25 | $-33.5M | $1.8M | ||
| Q2 25 | $11.3M | $15.9M | ||
| Q1 25 | $-22.0M | $12.6M | ||
| Q4 24 | $-38.7M | $20.6M | ||
| Q3 24 | $8.0M | $9.1M | ||
| Q2 24 | $21.3M | $9.8M | ||
| Q1 24 | $-39.1M | $7.3M |
| Q4 25 | $-46.9M | $11.7M | ||
| Q3 25 | $-34.3M | $1.5M | ||
| Q2 25 | $10.3M | $15.8M | ||
| Q1 25 | $-22.4M | $12.4M | ||
| Q4 24 | $-39.5M | $19.9M | ||
| Q3 24 | $7.1M | $9.0M | ||
| Q2 24 | $18.8M | $9.6M | ||
| Q1 24 | $-45.1M | $7.0M |
| Q4 25 | -62.4% | 8.8% | ||
| Q3 25 | -48.8% | 1.9% | ||
| Q2 25 | 9.5% | 15.0% | ||
| Q1 25 | -22.7% | 8.4% | ||
| Q4 24 | -41.9% | 18.6% | ||
| Q3 24 | 8.2% | 12.4% | ||
| Q2 24 | 21.7% | 11.2% | ||
| Q1 24 | -57.6% | 5.2% |
| Q4 25 | 0.5% | 0.5% | ||
| Q3 25 | 1.1% | 0.4% | ||
| Q2 25 | 0.9% | 0.1% | ||
| Q1 25 | 0.4% | 0.1% | ||
| Q4 24 | 0.9% | 0.7% | ||
| Q3 24 | 1.1% | 0.1% | ||
| Q2 24 | 2.9% | 0.2% | ||
| Q1 24 | 7.8% | 0.2% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.82× | ||
| Q4 24 | — | 4.04× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.66× |
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% |
EEX
| Connections Segment | $121.9M | 92% |
| Commerce Segment | $5.5M | 4% |
| Content | $5.3M | 4% |
