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Side-by-side financial comparison of C3.ai, Inc. (AI) and Inspirato Inc (ISPO). Click either name above to swap in a different company.
C3.ai, Inc. is the larger business by last-quarter revenue ($75.1M vs $55.5M, roughly 1.4× Inspirato Inc). Inspirato Inc runs the higher net margin — -8.1% vs -139.3%, a 131.1% gap on every dollar of revenue. On growth, Inspirato Inc posted the faster year-over-year revenue change (-19.6% vs -20.3%). Inspirato Inc produced more free cash flow last quarter ($-3.0M vs $-46.9M). Over the past eight quarters, C3.ai, Inc.'s revenue compounded faster (-2.1% CAGR vs -11.4%).
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.
Inspirato Inc is a luxury travel and hospitality subscription service provider catering primarily to high-net-worth consumers across North America. It offers curated premium villa rentals, exclusive resort access, customized trip planning, and corporate travel incentive solutions for enterprise clients.
AI vs ISPO — Head-to-Head
Income Statement — Q2 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $75.1M | $55.5M |
| Net Profit | $-104.7M | $-4.5M |
| Gross Margin | 40.4% | 31.4% |
| Operating Margin | -149.2% | -8.0% |
| Net Margin | -139.3% | -8.1% |
| Revenue YoY | -20.3% | -19.6% |
| Net Profit YoY | -58.7% | -204.4% |
| EPS (diluted) | $-0.75 | $-0.36 |
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 | — | ||
| Q3 25 | $70.3M | $55.5M | ||
| Q2 25 | $108.7M | $63.1M | ||
| Q1 25 | $98.8M | $65.9M | ||
| Q4 24 | $94.3M | $63.1M | ||
| Q3 24 | $87.2M | $69.1M | ||
| Q2 24 | $86.6M | $67.4M | ||
| Q1 24 | $78.4M | $80.2M |
| Q4 25 | $-104.7M | — | ||
| Q3 25 | $-116.8M | $-4.5M | ||
| Q2 25 | $-79.7M | $-5.3M | ||
| Q1 25 | $-80.2M | $1.6M | ||
| Q4 24 | $-66.0M | $-2.3M | ||
| Q3 24 | $-62.8M | $4.3M | ||
| Q2 24 | $-72.9M | $-8.7M | ||
| Q1 24 | $-72.6M | $1.3M |
| Q4 25 | 40.4% | — | ||
| Q3 25 | 37.6% | 31.4% | ||
| Q2 25 | 62.1% | 27.5% | ||
| Q1 25 | 59.1% | 38.8% | ||
| Q4 24 | 61.3% | 34.7% | ||
| Q3 24 | 59.8% | 71.5% | ||
| Q2 24 | 59.6% | 24.0% | ||
| Q1 24 | 57.8% | 39.5% |
| Q4 25 | -149.2% | — | ||
| Q3 25 | -177.7% | -8.0% | ||
| Q2 25 | -81.8% | -8.3% | ||
| Q1 25 | -88.7% | 2.5% | ||
| Q4 24 | -79.8% | -3.2% | ||
| Q3 24 | -83.2% | 9.8% | ||
| Q2 24 | -95.1% | -22.8% | ||
| Q1 24 | -105.3% | 3.0% |
| Q4 25 | -139.3% | — | ||
| Q3 25 | -166.2% | -8.1% | ||
| Q2 25 | -73.3% | -8.4% | ||
| Q1 25 | -81.2% | 2.5% | ||
| Q4 24 | -69.9% | -3.6% | ||
| Q3 24 | -72.0% | 6.3% | ||
| Q2 24 | -84.2% | -12.9% | ||
| Q1 24 | -92.6% | 1.6% |
| Q4 25 | $-0.75 | — | ||
| Q3 25 | $-0.86 | $-0.36 | ||
| Q2 25 | $-0.60 | $-0.42 | ||
| Q1 25 | $-0.62 | $0.12 | ||
| Q4 24 | $-0.52 | $0.98 | ||
| Q3 24 | $-0.50 | $0.62 | ||
| Q2 24 | $-0.59 | $-2.33 | ||
| Q1 24 | $-0.60 | $-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 | $13.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $771.9M | $-134.0M |
| Total Assets | $961.3M | $228.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $675.0M | — | ||
| Q3 25 | $711.9M | $13.7M | ||
| Q2 25 | $742.7M | $16.7M | ||
| Q1 25 | $724.3M | $16.4M | ||
| Q4 24 | $730.4M | $21.8M | ||
| Q3 24 | $762.5M | $13.5M | ||
| Q2 24 | $750.4M | $18.8M | ||
| Q1 24 | $723.3M | $22.6M |
| Q4 25 | $771.9M | — | ||
| Q3 25 | $798.8M | $-134.0M | ||
| Q2 25 | $838.3M | $-129.7M | ||
| Q1 25 | $860.2M | $-125.2M | ||
| Q4 24 | $859.0M | $-129.9M | ||
| Q3 24 | $874.9M | $-134.6M | ||
| Q2 24 | $873.4M | $-35.2M | ||
| Q1 24 | $898.0M | $-27.5M |
| Q4 25 | $961.3M | — | ||
| Q3 25 | $968.7M | $228.3M | ||
| Q2 25 | $1.0B | $252.6M | ||
| Q1 25 | $1.1B | $270.1M | ||
| Q4 24 | $1.0B | $273.9M | ||
| Q3 24 | $1.1B | $273.3M | ||
| Q2 24 | $1.0B | $301.7M | ||
| Q1 24 | $1.1B | $313.0M |
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 | $-2.2M |
| Free Cash FlowOCF − Capex | $-46.9M | $-3.0M |
| FCF MarginFCF / Revenue | -62.4% | -5.4% |
| Capex IntensityCapex / Revenue | 0.5% | 1.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-93.2M | $-31.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-46.5M | — | ||
| Q3 25 | $-33.5M | $-2.2M | ||
| Q2 25 | $11.3M | $1.1M | ||
| Q1 25 | $-22.0M | $-6.6M | ||
| Q4 24 | $-38.7M | $-15.8M | ||
| Q3 24 | $8.0M | $-13.7M | ||
| Q2 24 | $21.3M | $-1.8M | ||
| Q1 24 | $-39.1M | $-7.2M |
| Q4 25 | $-46.9M | — | ||
| Q3 25 | $-34.3M | $-3.0M | ||
| Q2 25 | $10.3M | $468.0K | ||
| Q1 25 | $-22.4M | $-7.5M | ||
| Q4 24 | $-39.5M | $-21.2M | ||
| Q3 24 | $7.1M | $-14.8M | ||
| Q2 24 | $18.8M | $-3.7M | ||
| Q1 24 | $-45.1M | $-8.5M |
| Q4 25 | -62.4% | — | ||
| Q3 25 | -48.8% | -5.4% | ||
| Q2 25 | 9.5% | 0.7% | ||
| Q1 25 | -22.7% | -11.4% | ||
| Q4 24 | -41.9% | -33.7% | ||
| Q3 24 | 8.2% | -21.5% | ||
| Q2 24 | 21.7% | -5.5% | ||
| Q1 24 | -57.6% | -10.6% |
| Q4 25 | 0.5% | — | ||
| Q3 25 | 1.1% | 1.4% | ||
| Q2 25 | 0.9% | 1.0% | ||
| Q1 25 | 0.4% | 1.3% | ||
| Q4 24 | 0.9% | 8.7% | ||
| Q3 24 | 1.1% | 1.6% | ||
| Q2 24 | 2.9% | 2.8% | ||
| Q1 24 | 7.8% | 1.6% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -4.09× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -3.16× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -5.70× |
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% |
ISPO
| Residence And Hotel Travel | $25.9M | 47% |
| Subscription | $19.4M | 35% |
| Experiences And Bespoke Travel | $8.0M | 14% |
| Rewards And Other Revenue | $2.3M | 4% |
