Filing Flows › C3.ai (AI) › Takeover & LBO
Is C3.ai (AI) a takeover target?
A leveraged buyout does not work for C3.ai on its latest figures: it has no positive EBITDA to borrow against (−$458M over the last 12 months, on revenue of $232M). Historically 5.3% of companies with its figures were bought within a year (1.06× the average).
Why a leveraged buyout does not fit
A leveraged buyout is paid for mostly with debt that the company's own cash flow repays. C3.ai's EBITDA over the last 12 months was −$458M on revenue of $232M, so there is nothing to lend against and nothing to repay a loan with: a buyer would have to pay almost entirely with its own money. That is the kind of deal another company — a strategic buyer that wants the products, the pipeline or the technology — makes, not a private-equity fund. The model therefore gives no buyout price.
What a takeover could cost
Takeovers in its sector paid a median premium of 30% over the share price before the deal (the middle half 12% to 31%), according to the 14 merger proxies and tender-offer responses on EDGAR that state a premium. At the median, C3.ai would cost about $14.99 a share, $2.3B for all its shares.
| Premium | % | Price a share | All shares |
|---|---|---|---|
| Low end (a quarter of deals paid less) | 12% | $12.91 | $2.0B |
| Median | 30% | $14.99 | $2.3B |
| High end (a quarter paid more) | 31% | $15.10 | $2.3B |
The odds, from history
Historically 5.3% of companies with its figures were bought within a year (1.06× the average). Its figures put it in decile 7 of 10 (10 = the most likely to be bought). The odds come from a model of every merger proxy, tender-offer response and going-private statement filed on EDGAR since 2011, set against each company's size, margins, debt, cash flow and growth the year before.
C3.ai's latest quarter
C3.ai, Q1 FY27: revenue $52.4M (-26% year over year), operating margin -187.6%, net loss $92.8M, operating cash flow $2.1M. The chart follows the revenue to costs, profit and cash.
Questions
Is C3.ai being acquired?
No headline, 8-K or 13D about a sale is on file in the last year.
Could private equity buy C3.ai?
A leveraged buyout does not work for C3.ai on its latest figures: it has no positive EBITDA to borrow against (−$458M over the last 12 months, on revenue of $232M). With no cash flow to repay a loan, a buyer would pay almost entirely with its own money: a deal for another company (a strategic buyer), not for a private-equity fund.
What would a takeover of C3.ai cost?
Takeovers in its sector paid a median premium of 30% over the share price before the deal (the middle half 12% to 31%), according to the 14 merger proxies and tender-offer responses on EDGAR that state a premium. At the median, C3.ai would cost about $14.99 a share, $2.3B for all its shares.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.