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Side-by-side financial comparison of C3.ai, Inc. (AI) and Evolus, Inc. (EOLS). Click either name above to swap in a different company.
C3.ai, Inc. is the larger business by last-quarter revenue ($75.1M vs $73.1M, roughly 1.0× Evolus, Inc.). Evolus, Inc. runs the higher net margin — -14.6% vs -139.3%, a 124.7% gap on every dollar of revenue. On growth, Evolus, Inc. posted the faster year-over-year revenue change (6.7% vs -20.3%). Over the past eight quarters, Evolus, Inc.'s revenue compounded faster (4.6% 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.
Evolus, Inc. is a medical aesthetics company focused on developing and commercializing non-surgical cosmetic treatment solutions. Its flagship product is a prescription neuromodulator designed to reduce moderate to severe glabellar frown lines, serving licensed aesthetic healthcare providers and consumers across North America, Europe, and key Asia-Pacific regional markets.
AI vs EOLS — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $75.1M | $73.1M |
| Net Profit | $-104.7M | $-10.7M |
| Gross Margin | 40.4% | 66.9% |
| Operating Margin | -149.2% | 23.8% |
| Net Margin | -139.3% | -14.6% |
| Revenue YoY | -20.3% | 6.7% |
| Net Profit YoY | -58.7% | — |
| EPS (diluted) | $-0.75 | $-0.16 |
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 | — | $73.1M | ||
| Q4 25 | $75.1M | $90.3M | ||
| Q3 25 | $70.3M | $69.0M | ||
| Q2 25 | $108.7M | $69.4M | ||
| Q1 25 | $98.8M | $68.5M | ||
| Q4 24 | $94.3M | $78.9M | ||
| Q3 24 | $87.2M | $61.1M | ||
| Q2 24 | $86.6M | $66.9M |
| Q1 26 | — | $-10.7M | ||
| Q4 25 | $-104.7M | $130.0K | ||
| Q3 25 | $-116.8M | $-15.7M | ||
| Q2 25 | $-79.7M | $-17.1M | ||
| Q1 25 | $-80.2M | $-18.9M | ||
| Q4 24 | $-66.0M | $-6.8M | ||
| Q3 24 | $-62.8M | $-19.2M | ||
| Q2 24 | $-72.9M | $-11.3M |
| Q1 26 | — | 66.9% | ||
| Q4 25 | 40.4% | 65.7% | ||
| Q3 25 | 37.6% | 66.5% | ||
| Q2 25 | 62.1% | 65.3% | ||
| Q1 25 | 59.1% | 68.1% | ||
| Q4 24 | 61.3% | 66.7% | ||
| Q3 24 | 59.8% | 68.9% | ||
| Q2 24 | 59.6% | 70.3% |
| Q1 26 | — | 23.8% | ||
| Q4 25 | -149.2% | 4.7% | ||
| Q3 25 | -177.7% | -16.7% | ||
| Q2 25 | -81.8% | -14.7% | ||
| Q1 25 | -88.7% | -22.1% | ||
| Q4 24 | -79.8% | -2.9% | ||
| Q3 24 | -83.2% | -25.3% | ||
| Q2 24 | -95.1% | -11.5% |
| Q1 26 | — | -14.6% | ||
| Q4 25 | -139.3% | 0.1% | ||
| Q3 25 | -166.2% | -22.8% | ||
| Q2 25 | -73.3% | -24.7% | ||
| Q1 25 | -81.2% | -27.6% | ||
| Q4 24 | -69.9% | -8.6% | ||
| Q3 24 | -72.0% | -31.4% | ||
| Q2 24 | -84.2% | -17.0% |
| Q1 26 | — | $-0.16 | ||
| Q4 25 | $-0.75 | $0.01 | ||
| Q3 25 | $-0.86 | $-0.24 | ||
| Q2 25 | $-0.60 | $-0.27 | ||
| Q1 25 | $-0.62 | $-0.30 | ||
| Q4 24 | $-0.52 | $-0.11 | ||
| Q3 24 | $-0.50 | $-0.30 | ||
| Q2 24 | $-0.59 | $-0.18 |
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 | $49.8M |
| Total DebtLower is stronger | — | $156.4M |
| Stockholders' EquityBook value | $771.9M | — |
| Total Assets | $961.3M | $220.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $49.8M | ||
| Q4 25 | $675.0M | $53.8M | ||
| Q3 25 | $711.9M | $43.5M | ||
| Q2 25 | $742.7M | $61.7M | ||
| Q1 25 | $724.3M | $67.9M | ||
| Q4 24 | $730.4M | $87.0M | ||
| Q3 24 | $762.5M | $85.0M | ||
| Q2 24 | $750.4M | $93.7M |
| Q1 26 | — | $156.4M | ||
| Q4 25 | — | $146.1M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $121.8M | ||
| Q4 24 | — | $121.5M | ||
| Q3 24 | — | $121.2M | ||
| Q2 24 | — | $120.9M |
| Q1 26 | — | — | ||
| Q4 25 | $771.9M | $-23.1M | ||
| Q3 25 | $798.8M | $-28.8M | ||
| Q2 25 | $838.3M | $-18.7M | ||
| Q1 25 | $860.2M | $-6.6M | ||
| Q4 24 | $859.0M | $5.5M | ||
| Q3 24 | $874.9M | $5.9M | ||
| Q2 24 | $873.4M | $19.3M |
| Q1 26 | — | $220.6M | ||
| Q4 25 | $961.3M | $225.9M | ||
| Q3 25 | $968.7M | $219.0M | ||
| Q2 25 | $1.0B | $228.8M | ||
| Q1 25 | $1.1B | $213.4M | ||
| Q4 24 | $1.0B | $232.6M | ||
| Q3 24 | $1.1B | $229.6M | ||
| Q2 24 | $1.0B | $233.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 22.00× | ||
| Q3 24 | — | 20.58× | ||
| Q2 24 | — | 6.26× |
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 | $12.8M | ||
| Q3 25 | $-33.5M | $-14.7M | ||
| Q2 25 | $11.3M | $-24.8M | ||
| Q1 25 | $-22.0M | $-15.6M | ||
| Q4 24 | $-38.7M | $4.8M | ||
| Q3 24 | $8.0M | $-5.7M | ||
| Q2 24 | $21.3M | $-6.5M |
| Q1 26 | — | — | ||
| Q4 25 | $-46.9M | $11.3M | ||
| Q3 25 | $-34.3M | $-15.6M | ||
| Q2 25 | $10.3M | $-25.5M | ||
| Q1 25 | $-22.4M | $-16.0M | ||
| Q4 24 | $-39.5M | $4.4M | ||
| Q3 24 | $7.1M | $-6.0M | ||
| Q2 24 | $18.8M | $-6.9M |
| Q1 26 | — | — | ||
| Q4 25 | -62.4% | 12.6% | ||
| Q3 25 | -48.8% | -22.7% | ||
| Q2 25 | 9.5% | -36.7% | ||
| Q1 25 | -22.7% | -23.3% | ||
| Q4 24 | -41.9% | 5.5% | ||
| Q3 24 | 8.2% | -9.9% | ||
| Q2 24 | 21.7% | -10.4% |
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 1.6% | ||
| Q3 25 | 1.1% | 1.4% | ||
| Q2 25 | 0.9% | 1.0% | ||
| Q1 25 | 0.4% | 0.5% | ||
| Q4 24 | 0.9% | 0.6% | ||
| Q3 24 | 1.1% | 0.5% | ||
| Q2 24 | 2.9% | 0.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 98.67× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 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% |
EOLS
| Product revenue, net | $72.7M | 99% |
| Service revenue | $390.0K | 1% |
