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Side-by-side financial comparison of C3.ai, Inc. (AI) and Fluent, Inc. (FLNT). Click either name above to swap in a different company.
C3.ai, Inc. is the larger business by last-quarter revenue ($75.1M vs $61.8M, roughly 1.2× Fluent, Inc.). Fluent, Inc. runs the higher net margin — -6.7% vs -139.3%, a 132.6% gap on every dollar of revenue. On growth, Fluent, Inc. posted the faster year-over-year revenue change (-5.5% vs -20.3%). Over the past eight quarters, C3.ai, Inc.'s revenue compounded faster (-2.1% CAGR vs -3.2%).
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.
THG Fluently, formerly Language Connect, is a translation and language localisation service provided by THG Ingenuity. It provides a range of language services, including translation, interpreting, localisation, voice-overs, transcription, and multilingual search engine optimization.
AI vs FLNT — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $75.1M | $61.8M |
| Net Profit | $-104.7M | $-4.1M |
| Gross Margin | 40.4% | — |
| Operating Margin | -149.2% | 0.3% |
| Net Margin | -139.3% | -6.7% |
| Revenue YoY | -20.3% | -5.5% |
| Net Profit YoY | -58.7% | -20.1% |
| EPS (diluted) | $-0.75 | $-0.09 |
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 | $61.8M | ||
| Q3 25 | $70.3M | $47.0M | ||
| Q2 25 | $108.7M | $44.7M | ||
| Q1 25 | $98.8M | $55.2M | ||
| Q4 24 | $94.3M | $65.4M | ||
| Q3 24 | $87.2M | $64.5M | ||
| Q2 24 | $86.6M | $58.7M | ||
| Q1 24 | $78.4M | $66.0M |
| Q4 25 | $-104.7M | $-4.1M | ||
| Q3 25 | $-116.8M | $-7.6M | ||
| Q2 25 | $-79.7M | $-7.2M | ||
| Q1 25 | $-80.2M | $-8.3M | ||
| Q4 24 | $-66.0M | $-3.4M | ||
| Q3 24 | $-62.8M | $-7.9M | ||
| Q2 24 | $-72.9M | $-11.6M | ||
| Q1 24 | $-72.6M | $-6.3M |
| 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% | 0.3% | ||
| Q3 25 | -177.7% | -13.4% | ||
| Q2 25 | -81.8% | -15.9% | ||
| Q1 25 | -88.7% | -12.8% | ||
| Q4 24 | -79.8% | -8.3% | ||
| Q3 24 | -83.2% | -6.0% | ||
| Q2 24 | -95.1% | -17.7% | ||
| Q1 24 | -105.3% | -6.0% |
| Q4 25 | -139.3% | -6.7% | ||
| Q3 25 | -166.2% | -16.1% | ||
| Q2 25 | -73.3% | -16.2% | ||
| Q1 25 | -81.2% | -15.0% | ||
| Q4 24 | -69.9% | -5.2% | ||
| Q3 24 | -72.0% | -12.3% | ||
| Q2 24 | -84.2% | -19.8% | ||
| Q1 24 | -92.6% | -9.5% |
| Q4 25 | $-0.75 | $-0.09 | ||
| Q3 25 | $-0.86 | $-0.27 | ||
| Q2 25 | $-0.60 | $-0.30 | ||
| Q1 25 | $-0.62 | $-0.39 | ||
| Q4 24 | $-0.52 | $-0.12 | ||
| Q3 24 | $-0.50 | $-0.48 | ||
| Q2 24 | $-0.59 | $-0.75 | ||
| Q1 24 | $-0.60 | $-0.45 |
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 | $12.9M |
| Total DebtLower is stronger | — | $34.6M |
| Stockholders' EquityBook value | $771.9M | $18.2M |
| Total Assets | $961.3M | $89.1M |
| Debt / EquityLower = less leverage | — | 1.90× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $675.0M | $12.9M | ||
| Q3 25 | $711.9M | $9.2M | ||
| Q2 25 | $742.7M | $4.9M | ||
| Q1 25 | $724.3M | $4.8M | ||
| Q4 24 | $730.4M | $9.4M | ||
| Q3 24 | $762.5M | $6.6M | ||
| Q2 24 | $750.4M | $5.0M | ||
| Q1 24 | $723.3M | $11.7M |
| Q4 25 | — | $34.6M | ||
| Q3 25 | — | $26.0M | ||
| Q2 25 | — | $23.2M | ||
| Q1 25 | — | $25.6M | ||
| Q4 24 | — | $35.6M | ||
| Q3 24 | — | $37.9M | ||
| Q2 24 | — | $33.3M | ||
| Q1 24 | — | $31.0M |
| Q4 25 | $771.9M | $18.2M | ||
| Q3 25 | $798.8M | $21.6M | ||
| Q2 25 | $838.3M | $19.1M | ||
| Q1 25 | $860.2M | $22.0M | ||
| Q4 24 | $859.0M | $25.0M | ||
| Q3 24 | $874.9M | $20.0M | ||
| Q2 24 | $873.4M | $27.5M | ||
| Q1 24 | $898.0M | $28.7M |
| Q4 25 | $961.3M | $89.1M | ||
| Q3 25 | $968.7M | $76.1M | ||
| Q2 25 | $1.0B | $74.5M | ||
| Q1 25 | $1.1B | $77.5M | ||
| Q4 24 | $1.0B | $93.6M | ||
| Q3 24 | $1.1B | $77.5M | ||
| Q2 24 | $1.0B | $98.5M | ||
| Q1 24 | $1.1B | $103.6M |
| Q4 25 | — | 1.90× | ||
| Q3 25 | — | 1.21× | ||
| Q2 25 | — | 1.21× | ||
| Q1 25 | — | 1.16× | ||
| Q4 24 | — | 1.43× | ||
| Q3 24 | — | 1.90× | ||
| Q2 24 | — | 1.21× | ||
| Q1 24 | — | 1.08× |
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 | $2.8M |
| 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.
| Q4 25 | $-46.5M | $2.8M | ||
| Q3 25 | $-33.5M | $-7.3M | ||
| Q2 25 | $11.3M | $935.0K | ||
| Q1 25 | $-22.0M | $2.1M | ||
| Q4 24 | $-38.7M | $-2.1M | ||
| Q3 24 | $8.0M | $1.2M | ||
| Q2 24 | $21.3M | $-13.1M | ||
| Q1 24 | $-39.1M | $-132.0K |
| Q4 25 | $-46.9M | — | ||
| Q3 25 | $-34.3M | $-7.3M | ||
| Q2 25 | $10.3M | — | ||
| Q1 25 | $-22.4M | — | ||
| Q4 24 | $-39.5M | — | ||
| Q3 24 | $7.1M | $1.2M | ||
| Q2 24 | $18.8M | — | ||
| Q1 24 | $-45.1M | — |
| Q4 25 | -62.4% | — | ||
| Q3 25 | -48.8% | -15.6% | ||
| Q2 25 | 9.5% | — | ||
| Q1 25 | -22.7% | — | ||
| Q4 24 | -41.9% | — | ||
| Q3 24 | 8.2% | 1.9% | ||
| Q2 24 | 21.7% | — | ||
| Q1 24 | -57.6% | — |
| Q4 25 | 0.5% | — | ||
| Q3 25 | 1.1% | 0.0% | ||
| Q2 25 | 0.9% | — | ||
| Q1 25 | 0.4% | — | ||
| Q4 24 | 0.9% | — | ||
| Q3 24 | 1.1% | 0.0% | ||
| Q2 24 | 2.9% | — | ||
| Q1 24 | 7.8% | — |
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% |
FLNT
| Commerce Media Solutions | $34.7M | 56% |
| Owned And Operated | $21.3M | 34% |
| Call Solutions | $3.8M | 6% |
| Ad Parlor | $2.0M | 3% |
