AIC3.ai, Inc.
Services-Prepackaged Software
- Revenue
- $250M
- 36% YoY
- Operating margin
- -199.2%
- 139% YoY
- EBITDA
- −$485M
- 56% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear—Cash flow under 80% of net income
- Dilutive SBCFired105% of revenueOver 10% of revenue
- Payouts exceed cash flowClear0% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear0% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $253M | $267M | $311M | $389M | $250M | 36% |
| Operating income | −$196M | −$290M | −$318M | −$324M | −$498M | 54% |
| Net income | −$192M | −$269M | −$280M | −$289M | −$470M | 63% |
| Operating cash flow | −$86M | −$116M | −$62M | −$41M | −$190M | 359% |
| Capex | $4M | $71M | $25M | $3M | $2M | 37% |
| Stock-based comp | $113M | $217M | $216M | $231M | $264M | 14% |
| Buybacks | $15M | $0 | $0 | — | — |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $225K · 1
- Open-market sells, 12 mo
- $11M · 7
- Net
- −$11M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2026 | — | — | 13 | 257 |
| FY2025 | — | — | 33 | 172 |
| FY2024 | — | — | 34 | 151 |
| FY2023 | — | — | 27 | 110 |
| FY2022 | — | — | 26 | 102 |