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Side-by-side financial comparison of C3.ai, Inc. (AI) and PUMA BIOTECHNOLOGY, INC. (PBYI). Click either name above to swap in a different company.
PUMA BIOTECHNOLOGY, INC. is the larger business by last-quarter revenue ($75.5M vs $75.1M, roughly 1.0× C3.ai, Inc.). On growth, PUMA BIOTECHNOLOGY, INC. posted the faster year-over-year revenue change (27.7% vs -20.3%). PUMA BIOTECHNOLOGY, INC. produced more free cash flow last quarter ($14.4M vs $-46.9M). Over the past eight quarters, PUMA BIOTECHNOLOGY, INC.'s revenue compounded faster (31.3% 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.
Puma Biotechnology is a publicly traded biopharmaceutical company headquartered in Los Angeles, CA.
AI vs PBYI — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $75.1M | $75.5M |
| Net Profit | $-104.7M | — |
| Gross Margin | 40.4% | 69.3% |
| Operating Margin | -149.2% | 22.7% |
| Net Margin | -139.3% | — |
| Revenue YoY | -20.3% | 27.7% |
| Net Profit YoY | -58.7% | — |
| EPS (diluted) | $-0.75 | $0.26 |
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 | $75.5M | ||
| Q3 25 | $70.3M | $54.5M | ||
| Q2 25 | $108.7M | $52.4M | ||
| Q1 25 | $98.8M | $46.0M | ||
| Q4 24 | $94.3M | $59.1M | ||
| Q3 24 | $87.2M | $80.5M | ||
| Q2 24 | $86.6M | $47.1M | ||
| Q1 24 | $78.4M | $43.8M |
| Q4 25 | $-104.7M | — | ||
| Q3 25 | $-116.8M | $8.8M | ||
| Q2 25 | $-79.7M | $5.9M | ||
| Q1 25 | $-80.2M | $3.0M | ||
| Q4 24 | $-66.0M | — | ||
| Q3 24 | $-62.8M | $20.3M | ||
| Q2 24 | $-72.9M | $-4.5M | ||
| Q1 24 | $-72.6M | $-4.8M |
| Q4 25 | 40.4% | 69.3% | ||
| Q3 25 | 37.6% | 77.7% | ||
| Q2 25 | 62.1% | 76.5% | ||
| Q1 25 | 59.1% | 77.1% | ||
| Q4 24 | 61.3% | 76.4% | ||
| Q3 24 | 59.8% | 63.9% | ||
| Q2 24 | 59.6% | 77.4% | ||
| Q1 24 | 57.8% | 75.5% |
| Q4 25 | -149.2% | 22.7% | ||
| Q3 25 | -177.7% | 17.6% | ||
| Q2 25 | -81.8% | 12.7% | ||
| Q1 25 | -88.7% | 8.7% | ||
| Q4 24 | -79.8% | 22.6% | ||
| Q3 24 | -83.2% | 27.4% | ||
| Q2 24 | -95.1% | -4.6% | ||
| Q1 24 | -105.3% | -5.3% |
| Q4 25 | -139.3% | — | ||
| Q3 25 | -166.2% | 16.2% | ||
| Q2 25 | -73.3% | 11.2% | ||
| Q1 25 | -81.2% | 6.5% | ||
| Q4 24 | -69.9% | — | ||
| Q3 24 | -72.0% | 25.2% | ||
| Q2 24 | -84.2% | -9.6% | ||
| Q1 24 | -92.6% | -11.0% |
| Q4 25 | $-0.75 | $0.26 | ||
| Q3 25 | $-0.86 | $0.17 | ||
| Q2 25 | $-0.60 | $0.12 | ||
| Q1 25 | $-0.62 | $0.06 | ||
| Q4 24 | $-0.52 | $0.40 | ||
| Q3 24 | $-0.50 | $0.41 | ||
| Q2 24 | $-0.59 | $-0.09 | ||
| 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 | $97.5M |
| Total DebtLower is stronger | — | $22.7M |
| Stockholders' EquityBook value | $771.9M | $130.3M |
| Total Assets | $961.3M | $216.3M |
| Debt / EquityLower = less leverage | — | 0.17× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $675.0M | $97.5M | ||
| Q3 25 | $711.9M | $94.4M | ||
| Q2 25 | $742.7M | $96.0M | ||
| Q1 25 | $724.3M | $93.2M | ||
| Q4 24 | $730.4M | $101.0M | ||
| Q3 24 | $762.5M | $96.7M | ||
| Q2 24 | $750.4M | $96.8M | ||
| Q1 24 | $723.3M | $107.2M |
| Q4 25 | — | $22.7M | ||
| Q3 25 | — | $34.0M | ||
| Q2 25 | — | $45.3M | ||
| Q1 25 | — | $56.7M | ||
| Q4 24 | — | $68.0M | ||
| Q3 24 | — | $79.3M | ||
| Q2 24 | — | $90.7M | ||
| Q1 24 | — | $102.0M |
| Q4 25 | $771.9M | $130.3M | ||
| Q3 25 | $798.8M | $115.3M | ||
| Q2 25 | $838.3M | $104.7M | ||
| Q1 25 | $860.2M | $97.1M | ||
| Q4 24 | $859.0M | $92.1M | ||
| Q3 24 | $874.9M | $71.1M | ||
| Q2 24 | $873.4M | $48.5M | ||
| Q1 24 | $898.0M | $51.0M |
| Q4 25 | $961.3M | $216.3M | ||
| Q3 25 | $968.7M | $202.9M | ||
| Q2 25 | $1.0B | $194.9M | ||
| Q1 25 | $1.1B | $196.2M | ||
| Q4 24 | $1.0B | $213.3M | ||
| Q3 24 | $1.1B | $220.7M | ||
| Q2 24 | $1.0B | $205.0M | ||
| Q1 24 | $1.1B | $214.1M |
| Q4 25 | — | 0.17× | ||
| Q3 25 | — | 0.30× | ||
| Q2 25 | — | 0.43× | ||
| Q1 25 | — | 0.58× | ||
| Q4 24 | — | 0.74× | ||
| Q3 24 | — | 1.12× | ||
| Q2 24 | — | 1.87× | ||
| Q1 24 | — | 2.00× |
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 | $14.4M |
| Free Cash FlowOCF − Capex | $-46.9M | $14.4M |
| FCF MarginFCF / Revenue | -62.4% | 19.1% |
| Capex IntensityCapex / Revenue | 0.5% | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-93.2M | $41.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-46.5M | $14.4M | ||
| Q3 25 | $-33.5M | $9.7M | ||
| Q2 25 | $11.3M | $14.1M | ||
| Q1 25 | $-22.0M | $3.6M | ||
| Q4 24 | $-38.7M | $15.6M | ||
| Q3 24 | $8.0M | $11.0M | ||
| Q2 24 | $21.3M | $1.0M | ||
| Q1 24 | $-39.1M | $11.2M |
| Q4 25 | $-46.9M | $14.4M | ||
| Q3 25 | $-34.3M | $9.7M | ||
| Q2 25 | $10.3M | $14.1M | ||
| Q1 25 | $-22.4M | $3.6M | ||
| Q4 24 | $-39.5M | $15.6M | ||
| Q3 24 | $7.1M | $11.0M | ||
| Q2 24 | $18.8M | $1.0M | ||
| Q1 24 | $-45.1M | — |
| Q4 25 | -62.4% | 19.1% | ||
| Q3 25 | -48.8% | 17.7% | ||
| Q2 25 | 9.5% | 26.8% | ||
| Q1 25 | -22.7% | 7.7% | ||
| Q4 24 | -41.9% | 26.4% | ||
| Q3 24 | 8.2% | 13.7% | ||
| Q2 24 | 21.7% | 2.1% | ||
| Q1 24 | -57.6% | — |
| Q4 25 | 0.5% | 0.0% | ||
| Q3 25 | 1.1% | 0.0% | ||
| Q2 25 | 0.9% | 0.0% | ||
| Q1 25 | 0.4% | 0.1% | ||
| Q4 24 | 0.9% | 0.0% | ||
| Q3 24 | 1.1% | 0.0% | ||
| Q2 24 | 2.9% | 0.0% | ||
| Q1 24 | 7.8% | 0.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | 1.10× | ||
| Q2 25 | — | 2.41× | ||
| Q1 25 | — | 1.21× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.54× | ||
| Q2 24 | — | — | ||
| Q1 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% |
PBYI
Segment breakdown not available.
