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Side-by-side financial comparison of C3.ai, Inc. (AI) and Purple Innovation, Inc. (PRPL). Click either name above to swap in a different company.
Purple Innovation, Inc. is the larger business by last-quarter revenue ($140.7M vs $75.1M, roughly 1.9× C3.ai, Inc.). Purple Innovation, Inc. runs the higher net margin — -2.3% vs -139.3%, a 137.0% gap on every dollar of revenue. On growth, Purple Innovation, Inc. posted the faster year-over-year revenue change (9.1% vs -20.3%). Purple Innovation, Inc. produced more free cash flow last quarter ($-7.8M vs $-46.9M). Over the past eight quarters, Purple Innovation, Inc.'s revenue compounded faster (8.3% 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.
Purple Carrot is a Needham, Massachusetts-based, and 100% plant-based meal kit company. Founded by Andy Levitt, it offers both prepared meals as well as meal kits to subscribers weekly. As stated in a 2022 article in Cosmopolitan, “each Purple Carrot meal kit results in 72% less carbon being released into the atmosphere as compared to the standard American meal.”
AI vs PRPL — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $75.1M | $140.7M |
| Net Profit | $-104.7M | $-3.2M |
| Gross Margin | 40.4% | 41.9% |
| Operating Margin | -149.2% | -1.6% |
| Net Margin | -139.3% | -2.3% |
| Revenue YoY | -20.3% | 9.1% |
| Net Profit YoY | -58.7% | 62.1% |
| EPS (diluted) | $-0.75 | $0.03 |
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 | $140.7M | ||
| Q3 25 | $70.3M | $118.8M | ||
| Q2 25 | $108.7M | $105.1M | ||
| Q1 25 | $98.8M | $104.2M | ||
| Q4 24 | $94.3M | $129.0M | ||
| Q3 24 | $87.2M | $118.6M | ||
| Q2 24 | $86.6M | $120.3M | ||
| Q1 24 | $78.4M | $120.0M |
| Q4 25 | $-104.7M | $-3.2M | ||
| Q3 25 | $-116.8M | $-11.7M | ||
| Q2 25 | $-79.7M | $-17.3M | ||
| Q1 25 | $-80.2M | $-19.1M | ||
| Q4 24 | $-66.0M | $-8.5M | ||
| Q3 24 | $-62.8M | $-39.2M | ||
| Q2 24 | $-72.9M | $27.0K | ||
| Q1 24 | $-72.6M | $-50.2M |
| Q4 25 | 40.4% | 41.9% | ||
| Q3 25 | 37.6% | 42.8% | ||
| Q2 25 | 62.1% | 35.9% | ||
| Q1 25 | 59.1% | 39.4% | ||
| Q4 24 | 61.3% | 42.9% | ||
| Q3 24 | 59.8% | 29.7% | ||
| Q2 24 | 59.6% | 40.7% | ||
| Q1 24 | 57.8% | 34.8% |
| Q4 25 | -149.2% | -1.6% | ||
| Q3 25 | -177.7% | -10.2% | ||
| Q2 25 | -81.8% | -13.5% | ||
| Q1 25 | -88.7% | -13.9% | ||
| Q4 24 | -79.8% | -6.0% | ||
| Q3 24 | -83.2% | -39.5% | ||
| Q2 24 | -95.1% | -12.1% | ||
| Q1 24 | -105.3% | -19.3% |
| Q4 25 | -139.3% | -2.3% | ||
| Q3 25 | -166.2% | -9.9% | ||
| Q2 25 | -73.3% | -16.5% | ||
| Q1 25 | -81.2% | -18.4% | ||
| Q4 24 | -69.9% | -6.6% | ||
| Q3 24 | -72.0% | -33.1% | ||
| Q2 24 | -84.2% | 0.0% | ||
| Q1 24 | -92.6% | -41.8% |
| Q4 25 | $-0.75 | $0.03 | ||
| Q3 25 | $-0.86 | $0.11 | ||
| Q2 25 | $-0.60 | $0.16 | ||
| Q1 25 | $-0.62 | $0.18 | ||
| Q4 24 | $-0.52 | $0.08 | ||
| Q3 24 | $-0.50 | $0.36 | ||
| Q2 24 | $-0.59 | $0.00 | ||
| Q1 24 | $-0.60 | $0.47 |
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 | $24.3M |
| Total DebtLower is stronger | — | $126.7M |
| Stockholders' EquityBook value | $771.9M | $-29.7M |
| Total Assets | $961.3M | $296.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $675.0M | $24.3M | ||
| Q3 25 | $711.9M | $32.4M | ||
| Q2 25 | $742.7M | $34.2M | ||
| Q1 25 | $724.3M | $21.6M | ||
| Q4 24 | $730.4M | $29.0M | ||
| Q3 24 | $762.5M | $23.4M | ||
| Q2 24 | $750.4M | $23.4M | ||
| Q1 24 | $723.3M | $34.5M |
| Q4 25 | — | $126.7M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $70.7M | ||
| Q3 24 | — | $50.8M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $771.9M | $-29.7M | ||
| Q3 25 | $798.8M | $-26.9M | ||
| Q2 25 | $838.3M | $-15.6M | ||
| Q1 25 | $860.2M | $1.3M | ||
| Q4 24 | $859.0M | $20.2M | ||
| Q3 24 | $874.9M | $28.0M | ||
| Q2 24 | $873.4M | $66.4M | ||
| Q1 24 | $898.0M | $65.5M |
| Q4 25 | $961.3M | $296.3M | ||
| Q3 25 | $968.7M | $302.1M | ||
| Q2 25 | $1.0B | $303.8M | ||
| Q1 25 | $1.1B | $293.8M | ||
| Q4 24 | $1.0B | $307.8M | ||
| Q3 24 | $1.1B | $309.3M | ||
| Q2 24 | $1.0B | $362.1M | ||
| Q1 24 | $1.1B | $382.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 3.50× | ||
| Q3 24 | — | 1.82× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-5.8M |
| Free Cash FlowOCF − Capex | $-46.9M | $-7.8M |
| FCF MarginFCF / Revenue | -62.4% | -5.5% |
| Capex IntensityCapex / Revenue | 0.5% | 1.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-93.2M | $-41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-46.5M | $-5.8M | ||
| Q3 25 | $-33.5M | $-968.0K | ||
| Q2 25 | $11.3M | $-4.0M | ||
| Q1 25 | $-22.0M | $-23.1M | ||
| Q4 24 | $-38.7M | $6.8M | ||
| Q3 24 | $8.0M | $1.1M | ||
| Q2 24 | $21.3M | $-8.9M | ||
| Q1 24 | $-39.1M | $-16.8M |
| Q4 25 | $-46.9M | $-7.8M | ||
| Q3 25 | $-34.3M | $-1.8M | ||
| Q2 25 | $10.3M | $-7.0M | ||
| Q1 25 | $-22.4M | $-25.3M | ||
| Q4 24 | $-39.5M | $5.7M | ||
| Q3 24 | $7.1M | $101.0K | ||
| Q2 24 | $18.8M | $-11.0M | ||
| Q1 24 | $-45.1M | $-19.9M |
| Q4 25 | -62.4% | -5.5% | ||
| Q3 25 | -48.8% | -1.5% | ||
| Q2 25 | 9.5% | -6.6% | ||
| Q1 25 | -22.7% | -24.3% | ||
| Q4 24 | -41.9% | 4.4% | ||
| Q3 24 | 8.2% | 0.1% | ||
| Q2 24 | 21.7% | -9.2% | ||
| Q1 24 | -57.6% | -16.5% |
| Q4 25 | 0.5% | 1.4% | ||
| Q3 25 | 1.1% | 0.7% | ||
| Q2 25 | 0.9% | 2.8% | ||
| Q1 25 | 0.4% | 2.2% | ||
| Q4 24 | 0.9% | 0.8% | ||
| Q3 24 | 1.1% | 0.9% | ||
| Q2 24 | 2.9% | 1.7% | ||
| Q1 24 | 7.8% | 2.5% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -330.22× | ||
| 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% |
PRPL
| Cost Of Revenues | $81.7M | 58% |
| Other | $59.0M | 42% |
