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‘Living on Universal Credit is a constant battle’

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Malia Carty

BBC News, Nottingham

Keith Williams A landscape of a while bald man in a grey t-shirt in a grey room. Keith Williams

Keith Williams worked for 21 years before losing his last job in 2022

“If it wasn’t for food banks, I’d struggle to get any sort of food. I’d starve.”

Keith Williams says living on a monthly universal credit (UC) benefit payment of £368 is “a constant battle” and the money “just isn’t enough” and usually lasts about a week.

“Running out of food feels awful, you feel like you’re letting people down,” adds Keith, from Radford in Nottingham.

A spokesperson for the Department for Work and Pensions (DWP) outlined measures taken to support households on UC, including extending the Household Support Fund and child poverty taskforce.

UC is a single benefit payment for working-age people.

It was introduced to replace a range of different benefits for unemployed and low-paid people.

There were 7.9 million people on UC in June in England, Scotland and Wales, according to official government statistics, the highest level since its introduction in 2013.

‘I paid my taxes’

For Keith, he gets help at the non-profit charity SFiCE’s social cafe and food bank in Nottingham, which provides free meals to homeless and vulnerable people in the city.

The 42-year-old worked for 21 years before losing his last job in 2022 and has since struggled to find employment.

“After paying into the system for so long, Universal Credit feels like a slap in the face,” he added.

“People will say you should be happy because you’re getting money for nothing but I’m not, I paid taxes for 20 years, I deserve more.”

John Lamb/Getty Pic of a phone with Universal Credit on the screenJohn Lamb/Getty

A study by the University of Nottingham found 70% of people on UC were skipping meals or going entire days without eating and losing weight

A UK-wide study by the University of Nottingham found that 70% of people on UC were skipping meals or going entire days without eating and losing weight.

Simon Welham, associate professor in human nutrition at the university, told the BBC that he originally began the study to understand what kinds of foods people on UC were eating and how much.

He realised the participants receiving benefits struggled to access proper nutrition, including consuming vitamins like vitamin A, iron, zinc, magnesium and selenium.

Of the participants in receipt of UC, 20% did not eat vegetables, he said.

“They couldn’t come close to achieving a normal standard of living,” said Mr Welham.

“We saw the kind of nutrient deficiencies that you see in developing countries and it seems this was driven solely by people’s financial capabilities,” he added.

Mr Welham said people on low incomes were often perceived to consume unhealthy foods at a higher rate but he “didn’t see that so much”.

However, he noticed those participants had an “over reliance” on staple foods like bread as they are “cheap and filling”.

“From the kind of things we’re seeing in our study and studies from across the country, I can’t see how anyone would willingly choose to be on Universal Credit,” Mr Welham said, addressing the stigma of benefit recipients.

SFiCE A white man with brown hair and a beard. He is wearing a green striped t-shirt with sunglasses on his head.SFiCE

“Without food banks, I’d probably go two to three days a week without eating,” says Ashley Hetfield

Ashley Hetfield, from Hyson Green, who also attends SFiCE’s weekly meal service, said relying on benefits had a detrimental effect on his mental health.

He said he had tried to stay positive and optimistic, but “living on a fifth of what [he] used to get when [he was] working” affected him.

“You can’t expect people to be able to live properly on £400 a month, if they’re paying energy bills, food and rent,” said Mr Hetfield.

The 34-year-old said that he usually ate at the social cafe, but in the past, he had gone without food “to protect [his] pride”.

“When you’re on Universal Credit, you have to become accustomed to living with nothing,” he added.

A shop with a blue sign that says 'The Open Kitchen'

The Open Kitchen has multiple locations, in Nottingham, Manchester and Hounslow

The Open Kitchen, another social cafe in Nottingham, said about a quarter of the people it saw each day received UC.

Cordinator Imran Khan said before the cost of living crisis, he used to only serve about 20 to 30 people a day.

Since April 2022, that number had increased to 120 to 130 people each day, he said.

“It’s not fair for anyone to go through something like this,” he added.

The standard UC allowance will be increasing by £7 a week in April 2026.

However, Mr Khan believes it is not enough to prevent the current level of food insecurity among people on UC.

“It’s not going to get anyone very far, is it?

“It’s nothing, half-way through the month people tell me, they’ve run out of food, gas and electric,” he added.

A spokesperson for the Department for Work and Pensions (DWP) said: “No-one should be living in poverty. That’s why we’ve extended the Household Support Fund and child poverty taskforce to support families and children.

“Alongside this, we’ve increased the National Living Wage and are helping over one million households by introducing a Fair Repayment Rate on Universal Credit deductions.”



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AI business 'wake-up call': teach workers or miss out – The Canberra Times

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AI business ‘wake-up call’: teach workers or miss out  The Canberra Times



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C3 AI Announces Fiscal First Quarter 2026 Financial Results

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</p> <p>C3.ai, Inc. (“C3 AI,” “C3,” or the “Company”) (NYSE: AI), the Enterprise AI application software company, today announced financial results for its fiscal first quarter ended July 31, 2025. These results are consistent with the preliminary financial results the Company announced on August 8, 2025.</p> <p><b>Fiscal First Quarter 2026 Financial Highlights</b></p> <ul class="bwlistdisc"> <li><b>Revenue: </b> Total revenue for the quarter was $70.3 million.</li> <li><b>Subscription Revenue: </b> Subscription revenue for the quarter was $60.3 million. Subscription revenue constituted 86% of total revenue for the quarter.</li> <li><b>Subscription and Prioritized Engineering Services Revenue Combined:</b> Subscription and prioritized engineering services revenue combined <b/> was $69.0 million, constituting 98% of total revenue for the quarter.</li> <li><b>Gross Profit:</b> GAAP gross profit for the quarter was $26.4 million, representing a 38% gross margin. Non-GAAP gross profit for the quarter was $36.3 million, representing a 52% non-GAAP gross margin.</li> <li><b>Net Loss per Share: </b> GAAP net loss per share was $(0.86). Non-GAAP net loss per share was $(0.37).</li> <li><b>Cash Balance:</b> $711.9 million in cash, cash equivalents, and marketable securities.</li> </ul> <p>“The good news is we have completely restructured the sales and services organization, including new and highly experienced leadership across the board to ensure a return to accelerating growth and increased customer success at C3 AI, and even better, we have appointed an exceptionally talented new CEO to take the company to the next level and realize the full potential of the business. The bad news is that financial performance in Q1 was completely unacceptable. Having given this a lot of thought, I attribute this to two factors. One: it is clear that in the short term, the reorganization with new sales and services leadership had a disruptive effect. Two: as we have previously announced, I have had a number of unanticipated health issues. Unfortunately, this prevented me from participating in the sales process as actively as I have in the past. With the benefit of hindsight, it is apparent that my active participation in the sales process may have had a greater impact than I previously thought. That being said, as we enter Q2, we have new leadership in place, a restructuring of the sales and services organization completed, an extraordinarily large market opportunity, a superlative product offering, and exceptional levels of customer satisfaction, and I am confident the company is positioned to accelerate going forward,” said Thomas M. Siebel, Founder and Chairman, C3 AI.</p> <p><b>Business Highlights</b></p> <p>During the quarter, C3 AI restructured its global sales and services organization with the addition of new sales leaders across all business units, including a new Chief Commercial Officer, General Manager of EMEA, new senior leadership in North America, the U.S. Federal business, the C3 AI Alliances program, and the new C3 AI Strategic Integrator Program that offers the opportunity for a new and expanding OEM line of business. In addition, sales and services have been combined, again under new leadership, to provide a more seamless, high-touch customer experience with a consistent focus on realizing significant economic benefit rapidly from each C3 AI customer engagement.</p> <ul class="bwlistdisc"> <li>In Q1, the Company closed 46 agreements, including 28 initial production deployment agreements.</li> <li>The Company entered new and expanded agreements with HII, Newport News Shipbuilding, Signature Aviation, Lawrence Livermore National Laboratory, Gypsum Management & Supply (GMS), Nucor Corporation, Koch, Qemetica, Quest Diagnostics, Curtiss-Wright, Driscoll’s, the U.S. Army, the Missile Defense Agency, the U.S. Navy, and the U.S. Intelligence Community, among others.</li> <li>The Company expanded its footprint across State and Local Government, closing eight agreements across New Jersey, Indiana, New Mexico, Washington, and California.</li> </ul> <p><b>C3 AI Strategic Integrator Program</b></p> <ul class="bwlistdisc"> <li><b>C3 AI launched the C3 AI Strategic Integrator Program (SIP)</b> , an OEM initiative that enables partners to license the C3 Agentic AI Platform to rapidly build and commercialize Enterprise AI applications. The new SIP program is being met with enthusiastic reception by many system integrators and U.S. Federal service providers.</li> <li>Introduced in Q1, SIP offers the opportunity for C3 AI to develop a substantial network of third parties utilizing the C3 Agentic AI Platform to design and develop industry- and domain-specific Enterprise AI applications that they will market to their customers. The open architecture of the C3 Agentic AI Platform enables C3 AI to operate as an OEM and allows partners to take advantage of all the Company’s existing investments in data aggregation, data ontologies, and machine learning capabilities built over more than a decade, avoiding vendor lock-in. We believe this presents an enormous opportunity for growth, and it is a channel in which we will be investing substantially in the years to come.</li> </ul> <p><b>Partner Network</b></p> <ul class="bwlistdisc"> <li>In Q1, the Company closed 40 agreements through its partner network.</li> <li>The joint 12-month qualified opportunity pipeline with partners increased by 54% year-over-year.</li> <li><b>C3 AI and Microsoft</b> jointly closed 24 agreements, with customer wins across manufacturing and the public sector. Strong customer traction and expanded deal activity contributed to a 140% year-over-year increase in qualified pipeline.</li> <li><b>C3 AI and McKinsey & Company</b> advanced their strategic alliance, jointly closing a new strategic customer agreement and driving momentum through QuantumBlack engineer trainings, C3 AI Accelerator sessions, and executive roundtables.</li> </ul> <p><b>Customer Success</b></p> <ul class="bwlistdisc"> <li><b>Nucor Corporation</b> , North America’s largest steel manufacturer and recycler, expanded its commitment with C3 AI in a multi-year partnership to build an enterprise-wide AI program across its steel mills, steel products, and raw materials operations. Initial deployments of the C3 AI Supply Chain Suite — C3 AI Demand Forecasting, C3 AI Inventory Optimization, and C3 AI Production Schedule Optimization, among others — running on the C3 Agentic AI Platform are live across multiple facilities, supporting and optimizing day-to-day planning, inventory, and scheduling decisions. Building on this success, Nucor is extending C3 AI to additional plants and use cases, including agentic AI, with a continued focus on throughput and working-capital efficiency across the value chain.</li> <li><b>Qemetica</b> , a global leading chemicals company, partnered with C3 AI to launch its first enterprise-scale AI program. The initial production deployment in the Salt business unit applied the C3 AI Reliability application to increase production yield. Building on this success, Qemetica is scaling the predictive maintenance solution for up to 100 manufacturing assets across multiple use cases, marking the start of a broader AI transformation across the company.</li> </ul> <p><b>Federal Business</b></p> <ul class="bwlistdisc"> <li>In Q1, the Company closed 12 agreements across the Federal sector, accounting for 28% of total bookings.</li> <li>The Company entered into new and expansion agreements with HII, Newport News Shipbuilding, the U.S. Department of Defense, the U.S. Army, the U.S. Intelligence Community, the U.S. Air Force, the U.S. Marine Corps, the U.S. Navy, and the Missile Defense Agency, among others.</li> <li><b>HII</b> , America’s largest military shipbuilder, is expanding its partnership with C3 AI to accelerate shipbuilding throughput at its Ingalls and Newport News Shipbuilding divisions. The collaboration applies Enterprise AI across planning, operations, supply chain, and labor allocation to modernize production and strengthen U.S. Navy fleet readiness. Initial deployments at Ingalls demonstrated significant reduction in the extraordinary complex shipbuilding timelines, and these AI capabilities will now scale across HII shipyards.</li> <li><b>The U.S. Army Rapid Capabilities and Critical Technologies Office</b> is deploying a contested logistics application built on the C3 Agentic AI Platform to support frontline vehicles operating in high-risk environments. The system integrates with the Army’s Human Machine Interface Formation platforms, using agentic and generative AI to predict part shortages, forecast fuel consumption, and project ammunition requirements. By centralizing logistics data and delivering real-time forecasts, the application enhances sustainment, readiness, and decision speed for Army formations in contested operations.</li> </ul> <p><b>C3 Generative AI</b></p> <ul class="bwlistdisc"> <li>The Company closed nine agreements for C3 Generative AI, including six initial production deployment agreements, with Nucor, Peacock, Koch, the University of Southern California Shoah Foundation, Subsea7, and the U.S. Intelligence Community, among others.</li> <li><b>Filtration Group</b> , one of the world’s leading filtration and separation science businesses, deployed C3 Generative AI within a business unit to accelerate and streamline its request-for-quotes response process. The C3 Generative AI e-mail agent automatically generates detailed, tailored drafts that reflect each customer’s request and requirements in minutes, reducing turnaround time, increasing capacity, and creating millions of dollars in recurring annual value.</li> <li>The Company further differentiated C3 Generative AI from other agentic market offerings by introducing agentic data extraction. C3 Generative AI now automatically extracts, structures, and validates data from unstructured formats — including presentations, PDFs, and spreadsheets — so organizations can analyze enterprise information previously locked in documents. At a global biopharmaceutical company, this capability streamlined the extraction and consolidation of experimental study reports, lowering costs while improving researcher access to high-quality, validated data.</li> <li>In contrast to a recent industry report that shows that only 5% of LLM pilots are successful, the majority of C3 Generative AI deployments are delivering compelling measurable economic benefit. For example, preliminary economic benefits that C3 AI customers are realizing from C3 Generative AI include: 20% increase in employee productivity; 80% reduction in inspection planning time; 14% reduction in average call center handling time; 85% reduction in procurement contract review time; and 90% labor savings in archive analysis.</li> </ul> <p><b>Statement About Appointment of New Chief Executive Officer</b></p> <p>“I am extremely pleased to announce the appointment of Stephen Ehikian as Chief Executive Officer of C3 AI, effective September 1, 2025. Stephen’s wealth of experience in both the private and public sectors, and domain expertise in all things AI, make him ideally suited to drive growth and realize the full potential of the C3 AI technology platform and portfolio,” said Thomas M. Siebel, Founder and Chairman, C3 AI.</p> <p>As the Company previously announced, Mr. Siebel will remain engaged at C3 AI — now in the role of Executive Chairman — to assist Mr. Ehikian as necessary and focus on important partner and strategic customer relationships, with a continued eye on product strategy and direction.</p> <p><b>Financial Outlook:</b></p> <p>The Company’s guidance includes GAAP and non-GAAP financial measures.</p> <p>The following table summarizes C3 AI’s guidance for the second quarter of fiscal 2026:</p> <table cellspacing="0" class="bwtablemarginb bwblockalignl bwwidth100"> <tbody> <tr> <td class="bwpadl0 bwwidth70" colspan="1" rowspan="1"> <p class="bwcellpmargin">(in millions)</p> </td> <td class="bwsinglebottom bwpadl0 bwwidth30" colspan="1" rowspan="1"> <p class="bwalignc bwcellpmargin"><b>Second Quarter Fiscal 2026 Guidance</b></p> </td> </tr> <tr> <td class="bwrowaltcolor0 bwpadl0 bwwidth70" colspan="1" rowspan="1"> <p class="bwcellpmargin">Total revenue</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth30" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">$72.0 – $80.0</p> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth70" colspan="1" rowspan="1"> <p class="bwcellpmargin">Non-GAAP loss from operations</p> </td> <td class="bwvertalignb bwpadl0 bwwidth30" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">$(49.5) – $(57.5)</p> </td> </tr> </tbody> </table> <p>Given the appointment of a new Chief Executive Officer and the recent restructuring of the sales and services organizations, the Company is withdrawing its previous full-year fiscal 2026 guidance. The Company will provide guidance for the third quarter of fiscal 2026 and full-year fiscal 2026 when it announces its financial results for the second quarter of fiscal 2026.</p> <p>A reconciliation of non-GAAP guidance measures to corresponding GAAP measures is not available on a forward-looking basis without unreasonable effort due to the uncertainty regarding, and the potential variability of, expenses that may be incurred in the future. Stock-based compensation expense-related charges, including employer payroll tax-related items on employee stock transactions, are impacted by the timing of employee stock transactions, the future fair market value of our common stock, and our future hiring and retention needs, all of which are difficult to predict and subject to constant change. We have provided a reconciliation of GAAP to non-GAAP financial measures in the financial statement tables for our historical non-GAAP results included in this press release. Our fiscal year ends April 30, and numbers are rounded for presentation purposes.</p> <p><b>Conference Call Details</b></p> <p><b>Investor Presentation Details</b></p> <p>An investor presentation providing additional information and analysis can be found at our investor relations page at <span class="bwuline"><a href="https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fir.c3.ai&esheet=54318700&newsitemid=20250903161507&lan=en-US&anchor=ir.c3.ai&index=3&md5=224ce065d99b41916a5e9cbee50891f9" rel="noopener nofollow" shape="rect" target="_blank">ir.c3.ai</a></span> .</p> <p><b>Statement Regarding Use of Non-GAAP Financial Measures</b></p> <p>The Company reports the following non-GAAP financial measures, which have not been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”), in addition to, and not as a substitute for, or superior to, financial measures calculated in accordance with GAAP.</p> <ul class="bwlistdisc"> <li><b>Non-GAAP gross profit, non-GAAP gross margin, non-GAAP loss from operations, and non-GAAP net loss per share.</b> Our non-GAAP gross profit, non-GAAP gross margin, non-GAAP loss from operations, and non-GAAP net loss per share exclude the effect of stock-based compensation expense-related charges and employer payroll tax expense related to employee stock-based compensation. We believe the presentation of operating results that exclude these non-cash items provides useful supplemental information to investors and facilitates the analysis of our operating results and comparison of operating results across reporting periods.</li> <li><b>Free cash flow</b> . We believe free cash flow, a non-GAAP financial measure, is useful in evaluating liquidity and provides information to management and investors about our ability to fund future operating needs and strategic initiatives. We calculate free cash flow as net cash (used in) provided by operating activities less purchases of property and equipment and capitalized software development costs. This non-GAAP financial measure may be different than similarly titled measures used by other companies. Additionally, the utility of free cash flow is further limited as it does not represent the total increase or decrease in our cash balances for a given period.</li> </ul> <p>We use these non-GAAP financial measures internally for financial and operational decision-making purposes and as a means to evaluate period-to-period comparisons. Non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP financial measures and should be read only in conjunction with our condensed consolidated financial statements prepared in accordance with GAAP. Our presentation of non-GAAP financial measures may not be comparable to similar measures used by other companies. We encourage investors to carefully consider our results under GAAP, as well as our supplemental non-GAAP information and the reconciliation between these presentations, to more fully understand our business. Please see the tables included at the end of this release for the reconciliation of GAAP to non-GAAP financial measures.</p> <p><b>Other Information</b></p> <p><b>Professional Services Revenue</b></p> <p>Our professional services revenue includes service fees and prioritized engineering services. Service fees include revenue from services such as consulting, training, and paid implementation services.</p> <p>Prioritized engineering services are undertaken when a customer requests that we accelerate the design, development, and delivery of software features and functions that are planned in our future product roadmap. When we agree to this, we negotiate an agreed upon fee to accelerate the development of the software. When the software feature is delivered, it becomes integrated to our core product offering, is available to all subscribers of the underlying software product, and enhances the operation of that product going forward. Such prioritized engineering services result in production-level computer software – compiled code that enhances the functionality of our production products – which is available for our customers to use over the life of their software licenses. Per Accounting Standards Codification (ASC) 606, Prioritized engineering services revenue is recognized as professional services over the period in which the software development is completed.</p> <p>Total professional services revenue consists of:</p> <table cellspacing="0" class="bwtablemarginb bwblockalignl bwwidth100"> <tbody> <tr> <td class="bwvertalignb bwpadl0 bwwidth73" colspan="1" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0" colspan="5" rowspan="1"> <p class="bwalignc bwcellpmargin"><b>Three Months Ended July 31,</b></p> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth73" colspan="1" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth12 bwalignc" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignc"><b>2025</b></p> </td> <td class="bwvertalignb bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth12 bwalignc" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignc"><b>2024</b></p> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth73" colspan="1" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0" colspan="5" rowspan="1"> <p class="bwalignc bwcellpmargin"><b>(in thousands)</b></p> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth73" colspan="1" rowspan="1"> <p class="bwcellpmargin">Prioritized engineering services</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">$</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth12" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">8,663</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">$</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth12" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">10,649</p> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth73" colspan="1" rowspan="1"> <p class="bwcellpmargin">Service fees</p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth12" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">1,297</p> </td> <td class="bwvertalignb bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth12" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">3,108</p> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor0 bwwidth73 bwpadl3" colspan="1" rowspan="1"> <p class="bwcellpmargin">Total professional services revenue</p> </td> <td class="bwvertalignb bwdoublebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">$</p> </td> <td class="bwvertalignb bwdoublebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth12" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">9,960</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwdoublebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">$</p> </td> <td class="bwvertalignb bwdoublebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth12" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">13,757</p> </td> </tr> </tbody> </table> <p><b>Use of Forward-Looking Statements</b></p> <p>This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words “anticipate,” “believe,” “continue,” “estimate,” “expect,” “intend,” “may,” “will” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these words. Forward-looking statements in this press release include, but are not limited to, statements regarding our market leadership position, anticipated benefits from our partnerships, our financial outlook for the second quarter of fiscal 2026, our ability to accelerate going forward, our sales and customer opportunity pipeline including our industry diversification, the expected benefits of our offerings (including the potential benefits of our C3 Generative AI offerings), the role and responsibilities of Mr. Siebel, our expectations with respect to the transition of the chief executive officer role to Mr. Ehikian, the expected benefits of the recent restructuring of our sales and services organizations, the expectations for our C3 AI Strategic Integrator Program, and our business strategies, plans, and objectives for future operations. We have based these forward-looking statements largely on our current expectations and projections about future events and trends that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations and objectives, and financial needs. These forward-looking statements are subject to a number of risks and uncertainties, including our history of losses and ability to achieve and maintain profitability in the future, our historic dependence on a limited number of existing customers that account for a substantial portion of our revenue, our ability to attract new customers and retain existing customers, our ability to successfully transition the role of chief executive officer to Mr. Ehikian and integrate Mr. Ehikian into the C3 organization, the ability of our restructured global sales and services organization to achieve desired productivity levels in a reasonable period of time, market awareness and acceptance of enterprise AI solutions in general and our products in particular, the length and unpredictability of our sales cycles and the time and expense required for our sales efforts. Some of these risks are described in greater detail in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the fiscal year ended April 30, 2025, and other filings and reports we make with the Securities and Exchange Commission from time to time, including our Quarterly Report on Form 10-Q that will be filed for the fiscal quarter ended July 31, 2025, although new and unanticipated risks may arise. The future events and trends discussed in this press release may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, achievements, or events and circumstances reflected in the forward-looking statements will occur. Except to the extent required by law, we do not undertake to update any of these forward-looking statements after the date of this press release to conform these statements to actual results or revised expectations.</p> <p><b>About C3.ai, Inc.</b></p> <p>C3.ai, Inc. (NYSE:AI) is the Enterprise AI application software company. C3 AI delivers a family of fully integrated products including the C3 Agentic AI Platform, an end-to-end platform for developing, deploying, and operating enterprise AI applications, C3 AI applications, a portfolio of industry-specific SaaS enterprise AI applications that enable the digital transformation of organizations globally, and C3 Generative AI, a suite of domain-specific generative AI offerings for the enterprise.</p> <p>Source: C3.ai, Inc.</p> <table cellspacing="0" class="bwtablemarginb bwblockalignl bwwidth100"> <tbody> <tr> <td class="bwpadl0 bwalignc" colspan="8" rowspan="1"> <p class="bwcellpmargin bwalignc"><b>C3.AI, INC.</b></p> <p class="bwcellpmargin bwalignc"><b>CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS</b></p> <p class="bwcellpmargin bwalignc"><b>(In thousands, except per share data)</b></p> <p class="bwcellpmargin bwalignc"><b>(Unaudited)</b></p> </td> </tr> <tr> <td class="bwpadl0 bwwidth79" colspan="1" rowspan="1"/> <td class="bwpadl0" colspan="7" rowspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0" colspan="7" rowspan="1"> <p class="bwalignc bwcellpmargin"><b>Three Months Ended July 31,</b></p> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth8 bwalignc" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignc"><b>2025</b></p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> <td class="bwvertalignb bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth8 bwalignc" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignc"><b>2024</b></p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin">Revenue</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0" colspan="3" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0" colspan="3" rowspan="1"> <p class="bwcellpmargin"> </p> </td> </tr> <tr> <td class="bwvertalignb bwwidth79 bwpadl3" colspan="1" rowspan="1"> <p class="bwcellpmargin">Subscription</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">$</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">60,301</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> <td class="bwvertalignb bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">$</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">73,456</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor0 bwwidth79 bwpadl3" colspan="1" rowspan="1"> <p class="bwcellpmargin">Professional services</p> </td> <td class="bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">9,960</p> </td> <td class="bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">13,757</p> </td> <td class="bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> </tr> <tr> <td class="bwvertalignb bwwidth79 bwpadl4" colspan="1" rowspan="1"> <p class="bwcellpmargin">Total revenue</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">70,261</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> <td class="bwvertalignb bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">87,213</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin">Cost of revenue</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0" colspan="3" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0" colspan="3" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> </tr> <tr> <td class="bwvertalignb bwwidth79 bwpadl3" colspan="1" rowspan="1"> <p class="bwcellpmargin">Subscription</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">41,481</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> <td class="bwvertalignb bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">33,292</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor0 bwwidth79 bwpadl3" colspan="1" rowspan="1"> <p class="bwcellpmargin">Professional services</p> </td> <td class="bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">2,336</p> </td> <td class="bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">1,755</p> </td> <td class="bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> </tr> <tr> <td class="bwvertalignb bwwidth79 bwpadl4" colspan="1" rowspan="1"> <p class="bwcellpmargin">Total cost of revenue</p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">43,817</p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> <td class="bwvertalignb bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">35,047</p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor0 bwwidth79 bwpadl4" colspan="1" rowspan="1"> <p class="bwcellpmargin">Gross profit</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">26,444</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">52,166</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin">Operating expenses</p> </td> <td class="bwvertalignb bwpadl0" colspan="3" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0" colspan="3" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor0 bwwidth79 bwpadl3" colspan="1" rowspan="1"> <p class="bwcellpmargin">Sales and marketing</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">62,513</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">52,125</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> </tr> <tr> <td class="bwvertalignb bwwidth79 bwpadl3" colspan="1" rowspan="1"> <p class="bwcellpmargin">Research and development</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">64,651</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> <td class="bwvertalignb bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">52,927</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor0 bwwidth79 bwpadl3" colspan="1" rowspan="1"> <p class="bwcellpmargin">General and administrative</p> </td> <td class="bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">24,099</p> </td> <td class="bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">19,700</p> </td> <td class="bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> </tr> <tr> <td class="bwvertalignb bwwidth79 bwpadl4" colspan="1" rowspan="1"> <p class="bwcellpmargin">Total operating expenses</p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">151,263</p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> <td class="bwvertalignb bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">124,752</p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin">Loss from operations</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">(124,819</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl">)</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">(72,586</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl">)</p> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin">Interest income</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">8,218</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> <td class="bwvertalignb bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">10,003</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin">Other income (expense), net</p> </td> <td class="bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">132</p> </td> <td class="bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">28</p> </td> <td class="bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> </tr> <tr> <td class="bwvertalignb bwwidth79 bwpadl4" colspan="1" rowspan="1"> <p class="bwcellpmargin">Loss before provision for income taxes</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">(116,469</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl">)</p> </td> <td class="bwvertalignb bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">(62,555</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl">)</p> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin">Provision for income taxes</p> </td> <td class="bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">300</p> </td> <td class="bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">272</p> </td> <td class="bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin">Net loss</p> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">$</p> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">(116,769</p> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl">)</p> </td> <td class="bwvertalignb bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">$</p> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">(62,827</p> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl">)</p> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin">Net loss per share attributable to Class A and Class B common stockholders, basic and diluted</p> </td> <td class="bwvertalignb bwdoublebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">$</p> </td> <td class="bwvertalignb bwdoublebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">(0.86</p> </td> <td class="bwvertalignb bwdoublebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl">)</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwdoublebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">$</p> </td> <td class="bwvertalignb bwdoublebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">(0.50</p> </td> <td class="bwvertalignb bwdoublebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl">)</p> </td> </tr> <tr> <td class="bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin">Weighted-average shares used in computing net loss per share attributable to Class A and Class B common stockholders, basic and diluted</p> </td> <td class="bwdoublebottom bwpadl0 bwpadr0 bwvertalignb bwpadb4 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwdoublebottom bwpadl0 bwpadr0 bwvertalignb bwpadb4 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">135,375</p> </td> <td class="bwdoublebottom bwpadl0 bwpadr0 bwvertalignb bwpadb4 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> <td class="bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwdoublebottom bwpadl0 bwpadr0 bwvertalignb bwpadb4 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwdoublebottom bwpadl0 bwpadr0 bwvertalignb bwpadb4 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">124,979</p> </td> <td class="bwdoublebottom bwpadl0 bwpadr0 bwvertalignb bwpadb4 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> </tr> </tbody> </table> <table cellspacing="0" class="bwtablemarginb bwblockalignl bwwidth100"> <tbody> <tr> <td class="bwpadl0 bwalignc" colspan="8" rowspan="1"> <p class="bwcellpmargin bwalignc"><b>C3.AI, INC.</b></p> <p class="bwcellpmargin bwalignc"><b>CONDENSED CONSOLIDATED BALANCE SHEETS</b></p> <p class="bwcellpmargin bwalignc"><b>(In thousands, except for share and per share data)</b></p> <p class="bwcellpmargin bwalignc"><b>(Unaudited)</b></p> </td> </tr> <tr> <td class="bwpadl0 bwwidth79" colspan="1" rowspan="1"/> <td class="bwpadl0" colspan="3" rowspan="1"/> <td class="bwpadl0 bwwidth1" colspan="1" rowspan="1"/> <td class="bwpadl0" colspan="3" rowspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0" colspan="3" rowspan="1"> <p class="bwalignc bwcellpmargin"><b>July 31, 2025</b></p> </td> <td class="bwvertalignb bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0" colspan="3" rowspan="1"> <p class="bwalignc bwcellpmargin"><b>April 30, 2025</b></p> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin"><b>Assets</b></p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0" colspan="3" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0" colspan="3" rowspan="1"> <p class="bwcellpmargin"> </p> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin">Current assets</p> </td> <td class="bwvertalignb bwpadl0" colspan="3" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0" colspan="3" rowspan="1"> <p class="bwcellpmargin"> </p> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor0 bwwidth79 bwpadl3" colspan="1" rowspan="1"> <p class="bwcellpmargin">Cash and cash equivalents</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">$</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">80,941</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">$</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">164,358</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> </tr> <tr> <td class="bwvertalignb bwwidth79 bwpadl3" colspan="1" rowspan="1"> <p class="bwcellpmargin">Marketable securities</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">630,957</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> <td class="bwvertalignb bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">578,330</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor0 bwwidth79 bwpadl3" colspan="1" rowspan="1"> <p class="bwcellpmargin">Accounts receivable, net of allowance of $877 and $877 as of July 31, 2025 and April 30, 2025, respectively</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">113,925</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">137,226</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> </tr> <tr> <td class="bwvertalignb bwwidth79 bwpadl3" colspan="1" rowspan="1"> <p class="bwcellpmargin">Prepaid expenses and other current assets</p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">25,290</p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> <td class="bwvertalignb bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">24,338</p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor0 bwwidth79 bwpadl4" colspan="1" rowspan="1"> <p class="bwcellpmargin">Total current assets</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">851,113</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">904,252</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin">Property and equipment, net</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">76,600</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> <td class="bwvertalignb bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">79,298</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin">Goodwill</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">625</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">625</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin">Other assets, non-current</p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">40,401</p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> <td class="bwvertalignb bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">41,707</p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor0 bwwidth79 bwpadl4" colspan="1" rowspan="1"> <p class="bwcellpmargin">Total assets</p> </td> <td class="bwvertalignb bwdoublebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">$</p> </td> <td class="bwvertalignb bwdoublebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">968,739</p> </td> <td class="bwvertalignb bwdoublebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwdoublebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">$</p> </td> <td class="bwvertalignb bwdoublebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">1,025,882</p> </td> <td class="bwvertalignb bwdoublebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin"><b>Liabilities and stockholders’ equity</b></p> </td> <td class="bwvertalignb bwpadl0" colspan="3" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0" colspan="3" rowspan="1"> <p class="bwcellpmargin"> </p> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin">Current liabilities</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0" colspan="3" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0" colspan="3" rowspan="1"> <p class="bwcellpmargin"> </p> </td> </tr> <tr> <td class="bwvertalignb bwwidth79 bwpadl3" colspan="1" rowspan="1"> <p class="bwcellpmargin">Accounts payable</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">$</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">12,084</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> <td class="bwvertalignb bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">$</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">15,160</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor0 bwwidth79 bwpadl3" colspan="1" rowspan="1"> <p class="bwcellpmargin">Accrued compensation and employee benefits</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">45,396</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">53,868</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> </tr> <tr> <td class="bwvertalignb bwwidth79 bwpadl3" colspan="1" rowspan="1"> <p class="bwcellpmargin">Deferred revenue, current</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">28,948</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> <td class="bwvertalignb bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">36,561</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor0 bwwidth79 bwpadl3" colspan="1" rowspan="1"> <p class="bwcellpmargin">Accrued and other current liabilities</p> </td> <td class="bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">24,863</p> </td> <td class="bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">26,295</p> </td> <td class="bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> </tr> <tr> <td class="bwvertalignb bwwidth79 bwpadl4" colspan="1" rowspan="1"> <p class="bwcellpmargin">Total current liabilities</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">111,291</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> <td class="bwvertalignb bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">131,884</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin">Deferred revenue, non-current</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">985</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">—</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin">Other long-term liabilities</p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">57,639</p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> <td class="bwvertalignb bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">55,695</p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor0 bwwidth79 bwpadl4" colspan="1" rowspan="1"> <p class="bwcellpmargin">Total liabilities</p> </td> <td class="bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">169,915</p> </td> <td class="bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">187,579</p> </td> <td class="bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin">Commitments and contingencies</p> </td> <td class="bwvertalignb bwpadl0" colspan="3" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0" colspan="3" rowspan="1"> <p class="bwcellpmargin"> </p> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin">Stockholders’ equity</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0" colspan="3" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0" colspan="3" rowspan="1"> <p class="bwcellpmargin"> </p> </td> </tr> <tr> <td class="bwvertalignb bwwidth79 bwpadl3" colspan="1" rowspan="1"> <p class="bwcellpmargin">Class A common stock</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">133</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> <td class="bwvertalignb bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">130</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor0 bwwidth79 bwpadl3" colspan="1" rowspan="1"> <p class="bwcellpmargin">Class B common stock</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">3</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">3</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> </tr> <tr> <td class="bwvertalignb bwwidth79 bwpadl3" colspan="1" rowspan="1"> <p class="bwcellpmargin">Additional paid-in capital</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">2,294,166</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> <td class="bwvertalignb bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">2,216,284</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor0 bwwidth79 bwpadl3" colspan="1" rowspan="1"> <p class="bwcellpmargin">Accumulated other comprehensive (loss) income</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">(74</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl">)</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">521</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> </tr> <tr> <td class="bwvertalignb bwwidth79 bwpadl3" colspan="1" rowspan="1"> <p class="bwcellpmargin">Accumulated deficit</p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">(1,495,404</p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl">)</p> </td> <td class="bwvertalignb bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">(1,378,635</p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl">)</p> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor0 bwwidth79 bwpadl4" colspan="1" rowspan="1"> <p class="bwcellpmargin">Total stockholders’ equity</p> </td> <td class="bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">798,824</p> </td> <td class="bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">838,303</p> </td> <td class="bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin">Total liabilities and stockholders’ equity</p> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">$</p> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">968,739</p> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> <td class="bwvertalignb bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">$</p> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">1,025,882</p> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> </tr> </tbody> </table> <table cellspacing="0" class="bwtablemarginb bwblockalignl bwwidth100"> <tbody> <tr> <td class="bwpadl0 bwalignc" colspan="8" rowspan="1"> <p class="bwcellpmargin bwalignc"><b>C3.AI, INC.</b></p> <p class="bwcellpmargin bwalignc"><b>CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS</b></p> <p class="bwcellpmargin bwalignc"><b>(In thousands)</b></p> <p class="bwcellpmargin bwalignc"><b>(Unaudited)</b></p> </td> </tr> <tr> <td class="bwpadl0 bwwidth79" colspan="1" rowspan="1"/> <td class="bwpadl0" colspan="7" rowspan="1"> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0" colspan="7" rowspan="1"> <p class="bwalignc bwcellpmargin"><b>Three Months Ended July 31,</b></p> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth8 bwalignc" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignc"><b>2025</b></p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> <td class="bwvertalignb bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignc bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth8 bwalignc" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignc"><b>2024</b></p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin"><b>Cash flows from operating activities:</b></p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0" colspan="3" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0" colspan="3" rowspan="1"> <p class="bwcellpmargin"> </p> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin">Net loss</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">$</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">(116,769</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl">)</p> </td> <td class="bwvertalignb bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">$</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">(62,827</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl">)</p> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor0 bwwidth79 bwpadl0" colspan="1" rowspan="1"> <p class="bwcellpmargin">Adjustments to reconcile net loss to net cash (used in) provided by operating activities</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0" colspan="3" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0" colspan="3" rowspan="1"> <p class="bwcellpmargin"> </p> </td> </tr> <tr> <td class="bwvertalignb bwwidth79 bwpadl3" colspan="1" rowspan="1"> <p class="bwcellpmargin">Depreciation and amortization</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">3,415</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> <td class="bwvertalignb bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">3,119</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor0 bwwidth79 bwpadl3" colspan="1" rowspan="1"> <p class="bwcellpmargin">Non-cash operating lease cost</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">88</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">85</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> </tr> <tr> <td class="bwvertalignb bwwidth79 bwpadl3" colspan="1" rowspan="1"> <p class="bwcellpmargin">Stock-based compensation expense</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">64,775</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> <td class="bwvertalignb bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">54,683</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor0 bwwidth79 bwpadl3" colspan="1" rowspan="1"> <p class="bwcellpmargin">Accretion of discounts on marketable securities</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">(2,811</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl">)</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">(3,936</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl">)</p> </td> </tr> <tr> <td class="bwvertalignb bwwidth79 bwpadl3" colspan="1" rowspan="1"> <p class="bwcellpmargin">Other</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">262</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> <td class="bwvertalignb bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">98</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin">Changes in operating assets and liabilities</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0" colspan="3" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0" colspan="3" rowspan="1"> <p class="bwcellpmargin"> </p> </td> </tr> <tr> <td class="bwvertalignb bwwidth79 bwpadl3" colspan="1" rowspan="1"> <p class="bwcellpmargin">Accounts receivable</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">23,302</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> <td class="bwvertalignb bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">(10,037</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl">)</p> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor0 bwwidth79 bwpadl3" colspan="1" rowspan="1"> <p class="bwcellpmargin">Prepaid expenses, other current assets and other assets</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">(230</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl">)</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">1,604</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> </tr> <tr> <td class="bwvertalignb bwwidth79 bwpadl3" colspan="1" rowspan="1"> <p class="bwcellpmargin">Accounts payable</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">(2,931</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl">)</p> </td> <td class="bwvertalignb bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">20,033</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor0 bwwidth79 bwpadl3" colspan="1" rowspan="1"> <p class="bwcellpmargin">Accrued compensation and employee benefits</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">3,343</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">(1,755</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl">)</p> </td> </tr> <tr> <td class="bwvertalignb bwwidth79 bwpadl3" colspan="1" rowspan="1"> <p class="bwcellpmargin">Operating lease liabilities</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">2,187</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> <td class="bwvertalignb bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">(498</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl">)</p> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor0 bwwidth79 bwpadl3" colspan="1" rowspan="1"> <p class="bwcellpmargin">Other liabilities</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">(1,538</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl">)</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">6,138</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> </tr> <tr> <td class="bwvertalignb bwwidth79 bwpadl3" colspan="1" rowspan="1"> <p class="bwcellpmargin">Deferred revenue</p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">(6,628</p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl">)</p> </td> <td class="bwvertalignb bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">1,335</p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor0 bwwidth79 bwpadl4" colspan="1" rowspan="1"> <p class="bwcellpmargin">Net cash (used in) provided by operating activities</p> </td> <td class="bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">(33,535</p> </td> <td class="bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl">)</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">8,042</p> </td> <td class="bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin"><b>Cash flows from investing activities:</b></p> </td> <td class="bwvertalignb bwpadl0" colspan="3" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0" colspan="3" rowspan="1"> <p class="bwcellpmargin"> </p> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor0 bwwidth79 bwpadl3" colspan="1" rowspan="1"> <p class="bwcellpmargin">Purchases of property and equipment</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">(760</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl">)</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">(924</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl">)</p> </td> </tr> <tr> <td class="bwvertalignb bwwidth79 bwpadl3" colspan="1" rowspan="1"> <p class="bwcellpmargin">Purchases of marketable securities</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">(206,492</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl">)</p> </td> <td class="bwvertalignb bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">(230,924</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl">)</p> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor0 bwwidth79 bwpadl3" colspan="1" rowspan="1"> <p class="bwcellpmargin">Maturities and sales of marketable securities</p> </td> <td class="bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">156,081</p> </td> <td class="bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">190,298</p> </td> <td class="bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> </tr> <tr> <td class="bwvertalignb bwwidth79 bwpadl4" colspan="1" rowspan="1"> <p class="bwcellpmargin">Net cash used in investing activities</p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">(51,171</p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl">)</p> </td> <td class="bwvertalignb bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">(41,550</p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl">)</p> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin"><b>Cash flows from financing activities:</b></p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0" colspan="3" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0" colspan="3" rowspan="1"> <p class="bwcellpmargin"> </p> </td> </tr> <tr> <td class="bwvertalignb bwwidth79 bwpadl3" colspan="1" rowspan="1"> <p class="bwcellpmargin">Taxes paid related to net share settlement of equity awards</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">—</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> <td class="bwvertalignb bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">(2,945</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl">)</p> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor0 bwwidth79 bwpadl3" colspan="1" rowspan="1"> <p class="bwcellpmargin">Proceeds from exercise of Class A common stock options</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwsinglebottom bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwsinglebottom bwpadr0 bwpadb3 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">1,289</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwsinglebottom bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwsinglebottom bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwsinglebottom bwpadr0 bwpadb3 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">3,127</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwsinglebottom bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> </tr> <tr> <td class="bwvertalignb bwwidth79 bwpadl4" colspan="1" rowspan="1"> <p class="bwcellpmargin">Net cash provided by financing activities</p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">1,289</p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> <td class="bwvertalignb bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">182</p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin">Net decrease in cash, cash equivalents and restricted cash</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">(83,417</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl">)</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">(33,326</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl">)</p> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin">Cash, cash equivalents and restricted cash at beginning of period</p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">176,924</p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> <td class="bwvertalignb bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">179,712</p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin">Cash, cash equivalents and restricted cash at end of period</p> </td> <td class="bwvertalignb bwdoublebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">$</p> </td> <td class="bwvertalignb bwdoublebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">93,507</p> </td> <td class="bwvertalignb bwdoublebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwdoublebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">$</p> </td> <td class="bwvertalignb bwdoublebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">146,386</p> </td> <td class="bwvertalignb bwdoublebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> </tr> <tr> <td class="bwvertalignb bwwidth79 bwpadl3" colspan="1" rowspan="1"> <p class="bwcellpmargin">Cash and cash equivalents</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">$</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">80,941</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> <td class="bwvertalignb bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">$</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">133,820</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor0 bwwidth79 bwpadl3" colspan="1" rowspan="1"> <p class="bwcellpmargin">Restricted cash included in other assets, non-current</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwsinglebottom bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwsinglebottom bwpadr0 bwpadb3 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">12,566</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwsinglebottom bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwsinglebottom bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwsinglebottom bwpadr0 bwpadb3 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">12,566</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwsinglebottom bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin">Total cash, cash equivalents and restricted cash</p> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">$</p> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">93,507</p> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> <td class="bwvertalignb bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">$</p> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">146,386</p> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin"><b>Supplemental disclosure of cash flow information—cash paid for income taxes</b></p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">$</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">452</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">$</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">292</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin"><b>Supplemental disclosures of non-cash investing and financing activities:</b></p> </td> <td class="bwvertalignb bwpadl0" colspan="3" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0" colspan="3" rowspan="1"> <p class="bwcellpmargin"> </p> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor0 bwwidth79 bwpadl3" colspan="1" rowspan="1"> <p class="bwcellpmargin">Purchases of property and equipment included in accounts payable and accrued liabilities</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">$</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">201</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">$</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">301</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> </tr> <tr> <td class="bwvertalignb bwwidth79 bwpadl3" colspan="1" rowspan="1"> <p class="bwcellpmargin">Right-of-use assets obtained in exchange for lease obligations (including remeasurement of right-of-use assets and lease liabilities due to changes in the timing of receipt of lease incentives)</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">$</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">(166</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl">)</p> </td> <td class="bwvertalignb bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">$</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">1,345</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor0 bwwidth79 bwpadl3" colspan="1" rowspan="1"> <p class="bwcellpmargin">Vesting of early exercised stock options</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">$</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">5</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">$</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">105</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> </tr> </tbody> </table> <table cellspacing="0" class="bwtablemarginb bwblockalignl bwwidth100"> <tbody> <tr> <td class="bwpadl0 bwalignc" colspan="8" rowspan="1"> <p class="bwcellpmargin bwalignc"><b>C3.AI, INC.</b></p> <p class="bwcellpmargin bwalignc"><b>RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES</b></p> <p class="bwcellpmargin bwalignc"><b>(In thousands, except percentages)</b></p> <p class="bwcellpmargin bwalignc"><b>(Unaudited)</b></p> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0" colspan="7" rowspan="1"> <p class="bwalignc bwcellpmargin"><b>Three Months Ended July 31,</b></p> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth8 bwalignc" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignc"><b>2025</b></p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> <td class="bwvertalignb bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignc bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth8 bwalignc" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignc"><b>2024</b></p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin"><b>Reconciliation of GAAP gross profit to non-GAAP gross profit:</b></p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0" colspan="3" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0" colspan="3" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin">Gross profit on a GAAP basis</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">$</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">26,444</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> <td class="bwvertalignb bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">$</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">52,166</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin">Stock-based compensation expense <sup>(1)</sup></p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">9,290</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">8,408</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin">Employer payroll tax expense related to employee stock-based compensation <sup>(2)</sup></p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">586</p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> <td class="bwvertalignb bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">356</p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor0 bwwidth79 bwpadl3" colspan="1" rowspan="1"> <p class="bwcellpmargin">Gross profit on a non-GAAP basis</p> </td> <td class="bwvertalignb bwdoublebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">$</p> </td> <td class="bwvertalignb bwdoublebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">36,320</p> </td> <td class="bwvertalignb bwdoublebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwdoublebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">$</p> </td> <td class="bwvertalignb bwdoublebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">60,930</p> </td> <td class="bwvertalignb bwdoublebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0" colspan="3" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0" colspan="3" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin">Gross margin on a GAAP basis</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">38</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl">%</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">60</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl">%</p> </td> </tr> <tr> <td class="bwvertalignb bwwidth79 bwpadl3" colspan="1" rowspan="1"> <p class="bwcellpmargin">Gross margin on a non-GAAP basis</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">52</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl">%</p> </td> <td class="bwvertalignb bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">70</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl">%</p> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0" colspan="3" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0" colspan="3" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin"><b>Reconciliation of GAAP loss from operations to non-GAAP loss from operations:</b></p> </td> <td class="bwvertalignb bwpadl0" colspan="3" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0" colspan="3" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin">Loss from operations on a GAAP basis</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">$</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">(124,819</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl">)</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">$</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">(72,586</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl">)</p> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin">Stock-based compensation expense <sup>(1)</sup></p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">64,775</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> <td class="bwvertalignb bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">54,683</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin">Employer payroll tax expense related to employee stock-based compensation <sup>(2)</sup></p> </td> <td class="bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">2,220</p> </td> <td class="bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">1,272</p> </td> <td class="bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> </tr> <tr> <td class="bwvertalignb bwwidth79 bwpadl3" colspan="1" rowspan="1"> <p class="bwcellpmargin">Loss from operations on a non-GAAP basis</p> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">$</p> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">(57,824</p> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl">)</p> </td> <td class="bwvertalignb bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">$</p> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">(16,631</p> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl">)</p> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0" colspan="3" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0" colspan="3" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin"><b>Reconciliation of GAAP net loss per share to non-GAAP net loss per share:</b></p> </td> <td class="bwvertalignb bwpadl0" colspan="3" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0" colspan="3" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0" colspan="3" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0" colspan="3" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin">Net loss on a GAAP basis</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">$</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">(116,769</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl">)</p> </td> <td class="bwvertalignb bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">$</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">(62,827</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl">)</p> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin">Stock-based compensation expense <sup>(1)</sup></p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">64,775</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">54,683</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin">Employer payroll tax expense related to employee stock-based compensation <sup>(2)</sup></p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">2,220</p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> <td class="bwvertalignb bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">1,272</p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor0 bwwidth79 bwpadl3" colspan="1" rowspan="1"> <p class="bwcellpmargin">Net loss on a non-GAAP basis</p> </td> <td class="bwvertalignb bwdoublebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">$</p> </td> <td class="bwvertalignb bwdoublebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">(49,774</p> </td> <td class="bwvertalignb bwdoublebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl">)</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwdoublebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">$</p> </td> <td class="bwvertalignb bwdoublebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">(6,872</p> </td> <td class="bwvertalignb bwdoublebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl">)</p> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0" colspan="3" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0" colspan="3" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin">GAAP net loss per share attributable to Class A and Class B common shareholders, basic and diluted</p> </td> <td class="bwvertalignb bwdoublebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">$</p> </td> <td class="bwvertalignb bwdoublebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">(0.86</p> </td> <td class="bwvertalignb bwdoublebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl">)</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwdoublebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">$</p> </td> <td class="bwvertalignb bwdoublebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">(0.50</p> </td> <td class="bwvertalignb bwdoublebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl">)</p> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin">Non-GAAP net loss per share attributable to Class A and Class B common shareholders, basic and diluted</p> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">$</p> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">(0.37</p> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl">)</p> </td> <td class="bwvertalignb bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">$</p> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">(0.05</p> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl">)</p> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin">Weighted-average shares used in computing net loss per share attributable to Class A and Class B common stockholders, basic and diluted</p> </td> <td class="bwvertalignb bwdoublebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwdoublebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">135,375</p> </td> <td class="bwvertalignb bwdoublebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwdoublebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwdoublebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">124,979</p> </td> <td class="bwvertalignb bwdoublebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> </tr> </tbody> </table> <table cellspacing="0" class="bwtablemarginb bwblockalignl"> <tbody> <tr> <td class="bwpadl0 bwpadr0 bwpadb3 bwvertalignt" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">(1)</p> </td> <td colspan="1" rowspan="1"/> <td class="bwvertalignt bwpadl0" colspan="1" rowspan="1"> <p class="bwcellpmargin">Stock-based compensation expense for gross profit and gross margin includes costs of subscription and cost of professional services as follows. Stock-based compensation expense for loss from operations includes total stock-based compensation expense as follows:</p> </td> </tr> </tbody> </table> <table cellspacing="0" class="bwtablemarginb bwblockalignl bwwidth100"> <tbody> <tr> <td class="bwvertalignb bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0" colspan="5" rowspan="1"> <p class="bwalignc bwcellpmargin"><b>Three Months Ended July 31,</b></p> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth9 bwalignc" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignc"><b>2025</b></p> </td> <td class="bwvertalignb bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth9 bwalignc" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignc"><b>2024</b></p> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin">Cost of subscription</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">$</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth9" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">8,622</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">$</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth9" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">7,694</p> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin">Cost of professional services</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth9" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">668</p> </td> <td class="bwvertalignb bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth9" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">714</p> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin">Sales and marketing</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth9" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">24,181</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth9" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">18,833</p> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin">Research and development</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth9" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">19,323</p> </td> <td class="bwvertalignb bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth9" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">18,431</p> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin">General and administrative</p> </td> <td class="bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth9" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">11,981</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth9" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">9,011</p> </td> </tr> <tr> <td class="bwvertalignb bwwidth79 bwpadl3" colspan="1" rowspan="1"> <p class="bwcellpmargin">Total stock-based compensation expense</p> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">$</p> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth9" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">64,775</p> </td> <td class="bwvertalignb bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">$</p> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth9" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">54,683</p> </td> </tr> </tbody> </table> <table cellspacing="0" class="bwtablemarginb bwblockalignl"> <tbody> <tr> <td class="bwpadl0 bwpadr0 bwpadb3 bwvertalignt" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">(2)</p> </td> <td colspan="1" rowspan="1"/> <td class="bwvertalignt bwpadl0" colspan="1" rowspan="1"> <p class="bwcellpmargin">Employer payroll tax expense related to employee stock-based compensation for gross profit and gross margin includes costs of subscription and cost of professional services as follows. Employer payroll tax expense related to employee stock-based compensation for loss from operations includes total employer payroll tax expense related to employee stock-based compensation as follows:</p> </td> </tr> </tbody> </table> <table cellspacing="0" class="bwtablemarginb bwblockalignl bwwidth100"> <tbody> <tr> <td class="bwvertalignb bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0" colspan="5" rowspan="1"> <p class="bwalignc bwcellpmargin"><b>Three Months Ended July 31,</b></p> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth9 bwalignc" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignc"><b>2025</b></p> </td> <td class="bwvertalignb bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth9 bwalignc" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignc"><b>2024</b></p> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin">Cost of subscription</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">$</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth9" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">550</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">$</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth9" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">326</p> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin">Cost of professional services</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth9" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">36</p> </td> <td class="bwvertalignb bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth9" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">30</p> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin">Sales and marketing</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth9" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">674</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth9" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">472</p> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin">Research and development</p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth9" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">793</p> </td> <td class="bwvertalignb bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth9" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">364</p> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin">General and administrative</p> </td> <td class="bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth9" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">167</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth9" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">80</p> </td> </tr> <tr> <td class="bwvertalignb bwwidth79 bwpadl3" colspan="1" rowspan="1"> <p class="bwcellpmargin">Total employer payroll tax expense</p> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">$</p> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth9" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">2,220</p> </td> <td class="bwvertalignb bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">$</p> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth9" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">1,272</p> </td> </tr> </tbody> </table> <p><b>Reconciliation of free cash flow to the GAAP measure of net cash (used in) provided by operating activities:</b></p> <p>The following table below provides a reconciliation of free cash flow to the GAAP measure of net cash (used in) provided by operating activities for the periods presented:</p> <table cellspacing="0" class="bwtablemarginb bwblockalignl bwwidth100"> <tbody> <tr> <td class="bwvertalignb bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0" colspan="7" rowspan="1"> <p class="bwalignc bwcellpmargin"><b>Three Months Ended July 31,</b></p> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth8 bwalignc" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignc"><b>2025</b></p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> <td class="bwvertalignb bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignc bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwwidth8 bwalignc" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignc"><b>2024</b></p> </td> <td class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin">Net cash (used in) provided by operating activities</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">$</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">(33,535</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl">)</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">$</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">8,042</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> </tr> <tr> <td class="bwvertalignb bwwidth79 bwpadl3" colspan="1" rowspan="1"> <p class="bwcellpmargin">Less:</p> </td> <td class="bwvertalignb bwpadl0" colspan="3" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwpadl0" colspan="3" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor0 bwwidth79 bwpadl4" colspan="1" rowspan="1"> <p class="bwcellpmargin">Purchases of property and equipment</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwsinglebottom bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwsinglebottom bwpadr0 bwpadb3 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">(760</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwsinglebottom bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl">)</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwsinglebottom bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwsinglebottom bwpadr0 bwpadb3 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">(924</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwsinglebottom bwpadr0 bwpadb3 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl">)</p> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin">Free cash flow</p> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">$</p> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">(34,295</p> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl">)</p> </td> <td class="bwvertalignb bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">$</p> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">7,118</p> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> </tr> <tr> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin">Net cash used in investing activities</p> </td> <td class="bwvertalignb bwdoublebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">$</p> </td> <td class="bwvertalignb bwdoublebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">(51,171</p> </td> <td class="bwvertalignb bwdoublebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl">)</p> </td> <td class="bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwdoublebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">$</p> </td> <td class="bwvertalignb bwdoublebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">(41,550</p> </td> <td class="bwvertalignb bwdoublebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl">)</p> </td> </tr> <tr> <td class="bwvertalignb bwpadl0 bwwidth79" colspan="1" rowspan="1"> <p class="bwcellpmargin">Net cash provided by financing activities</p> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">$</p> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">1,289</p> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> <td class="bwvertalignb bwpadl0 bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin"> </p> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">$</p> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth8" colspan="1" rowspan="1"> <p class="bwalignr bwcellpmargin">182</p> </td> <td class="bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwpadb4 bwalignr bwwidth1" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl"> </p> </td> </tr> </tbody> </table> <p> </p> <p><img decoding="async" fetchpriority="high" alt="" src="https://barchart-news-media-prod.aws.barchart.com/BIZWIRE/b99831374d8a290d8921a9662c5980f2/ct%3Fid%3Dbwnews%26amp%3Bsty%3D20250903161507r1%26amp%3Bsid%3Dchbar%26amp%3Bdistro%3Dftp"/><span class="bwct31415"/></p> <p id="mmgallerylink"><span id="mmgallerylink-phrase">View source version on businesswire.com: </span><span id="mmgallerylink-link"><a href="https://www.businesswire.com/news/home/20250903161507/en/" rel="noopener nofollow" target="_blank">https://www.businesswire.com/news/home/20250903161507/en/</a></span></p> </div> <p><br /> <br /><a href="https://www.theglobeandmail.com/investing/markets/stocks/AI/pressreleases/34579027/c3-ai-announces-fiscal-first-quarter-2026-financial-results/">Source link </a></p> </div><!--mvp-post-add-main--> <div class="mvp-post-add-link"> <a href="https://aistoriz.com/c3-ai-announces-fiscal-first-quarter-2026-financial-results/" rel="bookmark"><span class="mvp-post-add-link-but">Continue Reading</span></a> </div><!--mvp-post-add-link--> </div><!--mvp-post-add-cont--> </div><!--mvp-post-add-body--> </div><!--mvp-post-add-story--> <div class="mvp-post-add-story left relative"> <div class="mvp-post-add-head left relative"> <h3 class="mvp-post-cat left relative"><a class="mvp-post-cat-link" href="https://aistoriz.com/category/ai-in-business/"><span class="mvp-post-cat left">Business</span></a></h3> <h1 class="mvp-post-title left">Salesforce CEO Says Company Axed 4,000 Support Jobs Because of Agentic AI</h1> <div class="mvp-author-info-wrap left relative"> <div class="mvp-author-info-thumb left relative"> <img alt='' src='https://secure.gravatar.com/avatar/?s=46&d=mm&r=g' srcset='https://secure.gravatar.com/avatar/?s=92&d=mm&r=g 2x' class='avatar avatar-46 photo avatar-default' height='46' width='46' decoding='async'/> </div><!--mvp-author-info-thumb--> <div class="mvp-author-info-text left relative"> <div class="mvp-author-info-date left relative"> <p>Published</p> <span class="mvp-post-date">6 hours ago</span> <p>on</p> <span class="mvp-post-date">September 3, 2025</span> </div><!--mvp-author-info-date--> <div class="mvp-author-info-name left relative"> <p>By</p> <span class="author-name vcard fn author" itemprop="name"><a href="https://aistoriz.com/author/meghan_hall/" title="Posts by Meghan Hall" rel="author">Meghan Hall</a></span> </div><!--mvp-author-info-name--> </div><!--mvp-author-info-text--> </div><!--mvp-author-info-wrap--> </div><!--mvp-post-add-head--> <div class="mvp-post-add-body left relative"> <div class="mvp-post-add-img left relative"> <img width="1024" height="682" src="https://aistoriz.com/wp-content/uploads/2025/09/GettyImages-1401550749.jpg" class="attachment- size- wp-post-image" alt="" decoding="async" srcset="https://aistoriz.com/wp-content/uploads/2025/09/GettyImages-1401550749.jpg 1024w, https://aistoriz.com/wp-content/uploads/2025/09/GettyImages-1401550749-300x200.jpg 300w, https://aistoriz.com/wp-content/uploads/2025/09/GettyImages-1401550749-768x512.jpg 768w" sizes="(max-width: 1024px) 100vw, 1024px" /> </div><!--mvp-post-feat-img--> <div class="mvp-post-add-cont left relative"> <div class="mvp-post-add-main right relative"> <p><br /> </p> <div> <p class="paragraph larva // lrv-u-margin-lr-auto lrv-a-font-body-m "> <a href="https://sourcingjournal.com/tag/salesforce/">Salesforce</a> CEO Marc Benioff has become the latest <a href="https://sourcingjournal.com/topics/technology/josh-hawley-richard-blumenthal-artificial-intelligence-legislation-1234756311/">Big Tech</a> leader to note that the company he leads has shed jobs because of the impact of <a href="https://sourcingjournal.com/tag/artificial-intelligence/" id="auto-tag_artificial-intelligence" data-tag="artificial-intelligence">artificial intelligence</a>. </p> <p class="paragraph larva // lrv-u-margin-lr-auto lrv-a-font-body-m "> On an entrepreneurship-focused podcast called the Logan Bartlett Show, Benioff said late last week that Salesforce has managed to cut 4,000 customer support roles after making itself “customer zero” for its <a href="https://sourcingjournal.com/topics/consumer-insights/salesforce-agentic-ai-artificial-intelligence-loyalty-1234741485/">agentic AI</a> capabilities. </p> <p class="paragraph larva // lrv-u-margin-lr-auto lrv-a-font-body-m "> “I was able to rebalance my headcount on my support. I’ve reduced it from 9,000 heads to about 5,000, because I need less heads,” Benioff said. </p> <p class="paragraph larva // lrv-u-margin-lr-auto lrv-a-font-body-m "> AI agents are designed to handle tasks with little input from humans and are beginning to pop up across business functions inside enterprises. Benioff said Salesforce has already started to integrate agents across the organization. Customer support is but one function where workflows have been impacted. </p> <p class="paragraph larva // lrv-u-margin-lr-auto lrv-a-font-body-m "> “If we were having this conversation a year ago, and you were calling Salesforce, there would be 9,000 people that you would be interacting with globally on our service cloud, and they would be managing, creating, reading, updating, deleting data,” he said. “Now all of a sudden here we are a year later, and the million and a half conversations that are happening…have now bifurcated. Fifty percent are with agents; 50 percent are with humans.” </p> <p class="paragraph larva // lrv-u-margin-lr-auto lrv-a-font-body-m "> Benioff said that after he “rebalanced [Salesforce’s] support headcount,” he determined that he may be able to add different jobs inside other functions, particularly sales. </p> <p class="paragraph larva // lrv-u-margin-lr-auto lrv-a-font-body-m "> “I can now put those heads into sales, so I’ve increased my distribution capacity, and now I’m also making sure that I have much more efficiency and productivity in my lead generation and in the ability to actually work with customers that are contacting me,” he said on the podcast. </p> <p class="paragraph larva // lrv-u-margin-lr-auto lrv-a-font-body-m "> That penchant for a better sales pipeline has been echoed throughout many of Benioff’s public statements in recent months. On the podcast, he noted that, during his tenure as CEO, Salesforce has failed to return more than 100 million calls; he expects Salesforce’s current team, paired with its agentic fleet, can now return any call it receives. </p> <p class="paragraph larva // lrv-u-margin-lr-auto lrv-a-font-body-m "> In Benioff’s eyes, the productivity upgrades AI has enabled to date are only the start of his aspirations. He said the jobs of the future will be significantly impacted by AI’s continued proliferation. </p> <p class="paragraph larva // lrv-u-margin-lr-auto lrv-a-font-body-m "> “This is really the beginning of every part of the company having this kind of agentic augmentation. It’s a force multiplier. It’s a synergistic effect between me and the agents,” he said, noting earlier in the conversation that he is “on a mission to make Salesforce an agentic enterprise.”</p> <p class="paragraph larva // lrv-u-margin-lr-auto lrv-a-font-body-m "> Benioff said this summer that AI handles as much as half of the work that goes on inside Salesforce today. </p> <p class="paragraph larva // lrv-u-margin-lr-auto lrv-a-font-body-m "> Benioff told Bartlett that the emerging reality is that companies will need to put guardrails in place to simultaneously manage humans and agents. When Bartlett suggested that the concept of managing automated agents “feels a little dystopian,” Benioff countered, noting that Salesforce envisions the role of an “omnichannel supervisor that’s kind of helping those agents and those humans work together” continuing to rise inside the enterprise.</p> <p class="paragraph larva // lrv-u-margin-lr-auto lrv-a-font-body-m "> “I don’t think it’s dystopian at all,” he said. “I think that this is reality, at least for me.”</p> <p class="paragraph larva // lrv-u-margin-lr-auto lrv-a-font-body-m "> Salesforce is far from the first company to act on the changes AI have made to its business model, nor the first to state its belief that AI will impact jobs outlook in the coming years. <a href="https://sourcingjournal.com/topics/technology/klarna-artificial-intelligence-buy-now-pay-later-customer-service-assistant-497311/">Klarna</a> and Microsoft have each cut thousands of jobs in an effort to go all-in on AI. </p> <p class="paragraph larva // lrv-u-margin-lr-auto lrv-a-font-body-m "> In June, Amazon CEO <a href="https://sourcingjournal.com/topics/technology/amazon-andy-jassy-artificial-intelligence-labor-agentic-layoffs-1234751533/">Andy Jassy said in a memo</a> that he expects the continued rollout of AI systems to have a negative impact on the number of jobs available inside the company’s corporate workforce. </p> <p class="paragraph larva // lrv-u-margin-lr-auto lrv-a-font-body-m "> “As we roll out more generative AI and agents, it should change the way our work is done. We will need fewer people doing some of the jobs that are being done today, and more people doing other types of jobs,” Jassy wrote in the memo.</p> <p class="paragraph larva // lrv-u-margin-lr-auto lrv-a-font-body-m "> Tobias Lütke, CEO of Shopify, has taken a similar stance—he <a href="https://sourcingjournal.com/topics/technology/shopify-artificial-intelligence-tobi-lutke-flexport-klarna-1234743438/">indicated in a memo</a> this year that AI usage will become part of employees’ performance reviews and noted that teams need to be able to justify why AI can’t do the work before hiring a human to do it. </p> <p class="paragraph larva // lrv-u-margin-lr-auto lrv-a-font-body-m "> “Before asking for more headcount and resources, teams must demonstrate why they cannot get what they want done using AI,” Lütke wrote at the time. “What would this area look like if autonomous AI agents were already part of the team? This question can lead to really fun discussions and projects.”</p> </div> <p><br /> <br /><a href="https://sourcingjournal.com/topics/technology/salesforce-marc-benioff-agentic-artificial-intelligence-layoffs-1234766189/">Source link </a></p> </div><!--mvp-post-add-main--> <div class="mvp-post-add-link"> <a href="https://aistoriz.com/salesforce-ceo-says-company-axed-4000-support-jobs-because-of-agentic-ai/" rel="bookmark"><span class="mvp-post-add-link-but">Continue Reading</span></a> </div><!--mvp-post-add-link--> </div><!--mvp-post-add-cont--> </div><!--mvp-post-add-body--> </div><!--mvp-post-add-story--> </div><!--mvp-post-add-wrap--> </div><!--mvp-post-add-box--> </div><!--mvp-post-content--> </div><!--mvp-post-main-in--> <div id="mvp-side-wrap" class="left relative theiaStickySidebar"> </div><!--mvp-side-wrap--> </div><!--mvp-post-main-out--> </div><!--mvp-post-main--> <div id="mvp-post-more-wrap" class="left relative"> <h4 class="mvp-widget-home-title"> <span 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