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Side-by-side financial comparison of C3.ai, Inc. (AI) and PagerDuty, Inc. (PD). Click either name above to swap in a different company.
PagerDuty, Inc. is the larger business by last-quarter revenue ($124.5M vs $75.1M, roughly 1.7× C3.ai, Inc.). PagerDuty, Inc. runs the higher net margin — 129.7% vs -139.3%, a 269.0% gap on every dollar of revenue. On growth, PagerDuty, Inc. posted the faster year-over-year revenue change (4.7% vs -20.3%). PagerDuty, Inc. produced more free cash flow last quarter ($24.1M vs $-46.9M). Over the past eight quarters, PagerDuty, Inc.'s revenue compounded faster (5.9% 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.
PagerDuty, Inc. is an American cloud computing company specializing in a SaaS incident management platform for IT operations departments.
AI vs PD — Head-to-Head
Income Statement — Q2 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $75.1M | $124.5M |
| Net Profit | $-104.7M | $161.6M |
| Gross Margin | 40.4% | 85.3% |
| Operating Margin | -149.2% | 6.5% |
| Net Margin | -139.3% | 129.7% |
| Revenue YoY | -20.3% | 4.7% |
| Net Profit YoY | -58.7% | 2827.7% |
| EPS (diluted) | $-0.75 | $1.69 |
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 | $124.5M | ||
| Q3 25 | $70.3M | $123.4M | ||
| Q2 25 | $108.7M | $119.8M | ||
| Q1 25 | $98.8M | $121.4M | ||
| Q4 24 | $94.3M | $118.9M | ||
| Q3 24 | $87.2M | $115.9M | ||
| Q2 24 | $86.6M | $111.2M | ||
| Q1 24 | $78.4M | $111.1M |
| Q4 25 | $-104.7M | $161.6M | ||
| Q3 25 | $-116.8M | $9.6M | ||
| Q2 25 | $-79.7M | $-7.2M | ||
| Q1 25 | $-80.2M | $-8.8M | ||
| Q4 24 | $-66.0M | $-5.9M | ||
| Q3 24 | $-62.8M | $-10.9M | ||
| Q2 24 | $-72.9M | $-17.1M | ||
| Q1 24 | $-72.6M | $-28.2M |
| Q4 25 | 40.4% | 85.3% | ||
| Q3 25 | 37.6% | 84.6% | ||
| Q2 25 | 62.1% | 84.0% | ||
| Q1 25 | 59.1% | 83.6% | ||
| Q4 24 | 61.3% | 83.0% | ||
| Q3 24 | 59.8% | 82.7% | ||
| Q2 24 | 59.6% | 82.6% | ||
| Q1 24 | 57.8% | 81.7% |
| Q4 25 | -149.2% | 6.5% | ||
| Q3 25 | -177.7% | 2.9% | ||
| Q2 25 | -81.8% | -8.6% | ||
| Q1 25 | -88.7% | -9.6% | ||
| Q4 24 | -79.8% | -8.7% | ||
| Q3 24 | -83.2% | -13.8% | ||
| Q2 24 | -95.1% | -19.5% | ||
| Q1 24 | -105.3% | -30.1% |
| Q4 25 | -139.3% | 129.7% | ||
| Q3 25 | -166.2% | 7.8% | ||
| Q2 25 | -73.3% | -6.0% | ||
| Q1 25 | -81.2% | -7.2% | ||
| Q4 24 | -69.9% | -5.0% | ||
| Q3 24 | -72.0% | -9.4% | ||
| Q2 24 | -84.2% | -15.4% | ||
| Q1 24 | -92.6% | -25.3% |
| Q4 25 | $-0.75 | $1.69 | ||
| Q3 25 | $-0.86 | $0.10 | ||
| Q2 25 | $-0.60 | $-0.07 | ||
| Q1 25 | $-0.62 | $-0.12 | ||
| Q4 24 | $-0.52 | $-0.07 | ||
| Q3 24 | $-0.50 | $-0.14 | ||
| Q2 24 | $-0.59 | $-0.26 | ||
| Q1 24 | $-0.60 | $-0.34 |
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 | $547.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $771.9M | $320.5M |
| Total Assets | $961.3M | $1.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $675.0M | $547.8M | ||
| Q3 25 | $711.9M | $567.9M | ||
| Q2 25 | $742.7M | $597.1M | ||
| Q1 25 | $724.3M | $570.8M | ||
| Q4 24 | $730.4M | $542.2M | ||
| Q3 24 | $762.5M | $599.3M | ||
| Q2 24 | $750.4M | $592.8M | ||
| Q1 24 | $723.3M | $571.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $484.5M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $489.5M |
| Q4 25 | $771.9M | $320.5M | ||
| Q3 25 | $798.8M | $180.7M | ||
| Q2 25 | $838.3M | $145.7M | ||
| Q1 25 | $860.2M | $129.8M | ||
| Q4 24 | $859.0M | $111.6M | ||
| Q3 24 | $874.9M | $164.7M | ||
| Q2 24 | $873.4M | $174.0M | ||
| Q1 24 | $898.0M | $171.6M |
| Q4 25 | $961.3M | $1.0B | ||
| Q3 25 | $968.7M | $891.5M | ||
| Q2 25 | $1.0B | $926.8M | ||
| Q1 25 | $1.1B | $927.3M | ||
| Q4 24 | $1.0B | $866.8M | ||
| Q3 24 | $1.1B | $916.0M | ||
| Q2 24 | $1.0B | $924.0M | ||
| Q1 24 | $1.1B | $925.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 3.73× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 2.85× |
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 | $24.8M |
| Free Cash FlowOCF − Capex | $-46.9M | $24.1M |
| FCF MarginFCF / Revenue | -62.4% | 19.3% |
| Capex IntensityCapex / Revenue | 0.5% | 0.6% |
| Cash ConversionOCF / Net Profit | — | 0.15× |
| TTM Free Cash FlowTrailing 4 quarters | $-93.2M | $117.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-46.5M | $24.8M | ||
| Q3 25 | $-33.5M | $34.0M | ||
| Q2 25 | $11.3M | $30.7M | ||
| Q1 25 | $-22.0M | $31.4M | ||
| Q4 24 | $-38.7M | $22.1M | ||
| Q3 24 | $8.0M | $35.8M | ||
| Q2 24 | $21.3M | $28.6M | ||
| Q1 24 | $-39.1M | $22.2M |
| Q4 25 | $-46.9M | $24.1M | ||
| Q3 25 | $-34.3M | $33.1M | ||
| Q2 25 | $10.3M | $30.2M | ||
| Q1 25 | $-22.4M | $30.3M | ||
| Q4 24 | $-39.5M | $21.5M | ||
| Q3 24 | $7.1M | $35.1M | ||
| Q2 24 | $18.8M | $28.2M | ||
| Q1 24 | $-45.1M | $21.2M |
| Q4 25 | -62.4% | 19.3% | ||
| Q3 25 | -48.8% | 26.8% | ||
| Q2 25 | 9.5% | 25.2% | ||
| Q1 25 | -22.7% | 24.9% | ||
| Q4 24 | -41.9% | 18.1% | ||
| Q3 24 | 8.2% | 30.3% | ||
| Q2 24 | 21.7% | 25.4% | ||
| Q1 24 | -57.6% | 19.1% |
| Q4 25 | 0.5% | 0.6% | ||
| Q3 25 | 1.1% | 0.7% | ||
| Q2 25 | 0.9% | 0.4% | ||
| Q1 25 | 0.4% | 0.9% | ||
| Q4 24 | 0.9% | 0.5% | ||
| Q3 24 | 1.1% | 0.5% | ||
| Q2 24 | 2.9% | 0.4% | ||
| Q1 24 | 7.8% | 0.9% |
| Q4 25 | — | 0.15× | ||
| Q3 25 | — | 3.55× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| 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% |
PD
| US | $88.8M | 71% |
| Non Us | $35.7M | 29% |
