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Side-by-side financial comparison of C3.ai, Inc. (AI) and PROCORE TECHNOLOGIES, INC. (PCOR). Click either name above to swap in a different company.
PROCORE TECHNOLOGIES, INC. is the larger business by last-quarter revenue ($349.1M vs $75.1M, roughly 4.6× C3.ai, Inc.). PROCORE TECHNOLOGIES, INC. runs the higher net margin — -10.8% vs -139.3%, a 128.5% gap on every dollar of revenue. On growth, PROCORE TECHNOLOGIES, INC. posted the faster year-over-year revenue change (15.6% vs -20.3%). PROCORE TECHNOLOGIES, INC. produced more free cash flow last quarter ($109.2M vs $-46.9M). Over the past eight quarters, PROCORE TECHNOLOGIES, INC.'s revenue compounded faster (13.8% 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.
Procore Technologies is an American construction management software as a service company founded in 2002, with headquarters in Carpinteria, California. Procore hosts a platform to connect those involved in the construction industry on a global platform. The software allows for the creation of simplified workflows and displays a consolidated view of construction products that includes the tracking of tasks, management of project workflows, and scheduling.
AI vs PCOR — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $75.1M | $349.1M |
| Net Profit | $-104.7M | $-37.6M |
| Gross Margin | 40.4% | 80.1% |
| Operating Margin | -149.2% | -12.3% |
| Net Margin | -139.3% | -10.8% |
| Revenue YoY | -20.3% | 15.6% |
| Net Profit YoY | -58.7% | 39.6% |
| EPS (diluted) | $-0.75 | $-0.25 |
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 | $349.1M | ||
| Q3 25 | $70.3M | $338.9M | ||
| Q2 25 | $108.7M | $323.9M | ||
| Q1 25 | $98.8M | $310.6M | ||
| Q4 24 | $94.3M | $302.0M | ||
| Q3 24 | $87.2M | $295.9M | ||
| Q2 24 | $86.6M | $284.3M | ||
| Q1 24 | $78.4M | $269.4M |
| Q4 25 | $-104.7M | $-37.6M | ||
| Q3 25 | $-116.8M | $-9.1M | ||
| Q2 25 | $-79.7M | $-21.1M | ||
| Q1 25 | $-80.2M | $-33.0M | ||
| Q4 24 | $-66.0M | $-62.3M | ||
| Q3 24 | $-62.8M | $-26.4M | ||
| Q2 24 | $-72.9M | $-6.3M | ||
| Q1 24 | $-72.6M | $-11.0M |
| Q4 25 | 40.4% | 80.1% | ||
| Q3 25 | 37.6% | 79.7% | ||
| Q2 25 | 62.1% | 79.1% | ||
| Q1 25 | 59.1% | 79.1% | ||
| Q4 24 | 61.3% | 81.2% | ||
| Q3 24 | 59.8% | 81.4% | ||
| Q2 24 | 59.6% | 83.1% | ||
| Q1 24 | 57.8% | 83.0% |
| Q4 25 | -149.2% | -12.3% | ||
| Q3 25 | -177.7% | -4.4% | ||
| Q2 25 | -81.8% | -9.3% | ||
| Q1 25 | -88.7% | -11.7% | ||
| Q4 24 | -79.8% | -21.9% | ||
| Q3 24 | -83.2% | -12.3% | ||
| Q2 24 | -95.1% | -5.2% | ||
| Q1 24 | -105.3% | -7.0% |
| Q4 25 | -139.3% | -10.8% | ||
| Q3 25 | -166.2% | -2.7% | ||
| Q2 25 | -73.3% | -6.5% | ||
| Q1 25 | -81.2% | -10.6% | ||
| Q4 24 | -69.9% | -20.6% | ||
| Q3 24 | -72.0% | -8.9% | ||
| Q2 24 | -84.2% | -2.2% | ||
| Q1 24 | -92.6% | -4.1% |
| Q4 25 | $-0.75 | $-0.25 | ||
| Q3 25 | $-0.86 | $-0.06 | ||
| Q2 25 | $-0.60 | $-0.14 | ||
| Q1 25 | $-0.62 | $-0.22 | ||
| Q4 24 | $-0.52 | $-0.42 | ||
| Q3 24 | $-0.50 | $-0.18 | ||
| Q2 24 | $-0.59 | $-0.04 | ||
| Q1 24 | $-0.60 | $-0.08 |
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 | $768.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $771.9M | $1.3B |
| Total Assets | $961.3M | $2.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $675.0M | $768.5M | ||
| Q3 25 | $711.9M | $684.0M | ||
| Q2 25 | $742.7M | $620.9M | ||
| Q1 25 | $724.3M | $566.7M | ||
| Q4 24 | $730.4M | $775.4M | ||
| Q3 24 | $762.5M | $756.9M | ||
| Q2 24 | $750.4M | $735.4M | ||
| Q1 24 | $723.3M | $744.6M |
| Q4 25 | $771.9M | $1.3B | ||
| Q3 25 | $798.8M | $1.2B | ||
| Q2 25 | $838.3M | $1.2B | ||
| Q1 25 | $860.2M | $1.2B | ||
| Q4 24 | $859.0M | $1.3B | ||
| Q3 24 | $874.9M | $1.3B | ||
| Q2 24 | $873.4M | $1.3B | ||
| Q1 24 | $898.0M | $1.2B |
| Q4 25 | $961.3M | $2.2B | ||
| Q3 25 | $968.7M | $2.1B | ||
| Q2 25 | $1.0B | $2.0B | ||
| Q1 25 | $1.1B | $1.9B | ||
| Q4 24 | $1.0B | $2.1B | ||
| Q3 24 | $1.1B | $2.0B | ||
| Q2 24 | $1.0B | $2.0B | ||
| Q1 24 | $1.1B | $1.9B |
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 | $114.9M |
| Free Cash FlowOCF − Capex | $-46.9M | $109.2M |
| FCF MarginFCF / Revenue | -62.4% | 31.3% |
| Capex IntensityCapex / Revenue | 0.5% | 1.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-93.2M | $282.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-46.5M | $114.9M | ||
| Q3 25 | $-33.5M | $88.5M | ||
| Q2 25 | $11.3M | $30.8M | ||
| Q1 25 | $-22.0M | $66.0M | ||
| Q4 24 | $-38.7M | $29.1M | ||
| Q3 24 | $8.0M | $39.3M | ||
| Q2 24 | $21.3M | $58.7M | ||
| Q1 24 | $-39.1M | $69.1M |
| Q4 25 | $-46.9M | $109.2M | ||
| Q3 25 | $-34.3M | $83.1M | ||
| Q2 25 | $10.3M | $27.9M | ||
| Q1 25 | $-22.4M | $62.0M | ||
| Q4 24 | $-39.5M | $17.4M | ||
| Q3 24 | $7.1M | $35.7M | ||
| Q2 24 | $18.8M | $56.8M | ||
| Q1 24 | $-45.1M | $67.1M |
| Q4 25 | -62.4% | 31.3% | ||
| Q3 25 | -48.8% | 24.5% | ||
| Q2 25 | 9.5% | 8.6% | ||
| Q1 25 | -22.7% | 20.0% | ||
| Q4 24 | -41.9% | 5.8% | ||
| Q3 24 | 8.2% | 12.1% | ||
| Q2 24 | 21.7% | 20.0% | ||
| Q1 24 | -57.6% | 24.9% |
| Q4 25 | 0.5% | 1.6% | ||
| Q3 25 | 1.1% | 1.6% | ||
| Q2 25 | 0.9% | 0.9% | ||
| Q1 25 | 0.4% | 1.3% | ||
| Q4 24 | 0.9% | 3.9% | ||
| Q3 24 | 1.1% | 1.2% | ||
| Q2 24 | 2.9% | 0.7% | ||
| Q1 24 | 7.8% | 0.8% |
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% |
PCOR
| US | $298.3M | 85% |
| Non Us | $50.9M | 15% |
