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C3.ai vs Meridian Holdings: AI and MRDN compared
C3.ai is the larger company: $52.4M of revenue in its latest quarter (Q1 FY27) against $50.2M for Meridian Holdings (Q2 2026). Meridian Holdings is growing faster (+16% against -26% a year earlier). Meridian Holdings is more profitable, with an operating margin of 4.9% against -187.6%.
Where the money goes: AI and MRDN
C3.ai (AI) · Q1 FY27
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.
Meridian Holdings (MRDN) · Q2 2026
Meridian Holdings, Q2 2026: revenue $50.2M (+16% year over year), operating margin 4.9%, net earnings $2.0M, operating cash flow $7.8M. The chart follows the revenue to costs, profit and cash.
| C3.ai (AI) | Meridian Holdings (MRDN) | |
|---|---|---|
| Latest quarter | Q1 FY27 | Q2 2026 |
| Revenue | $52.4M | $50.2M |
| Revenue growth, Y/Y | -26% | +16% |
| Gross margin | — | 53.5% |
| Operating margin | -187.6% | 4.9% |
| Net earnings | −$92.8M | $2.0M |
| Net margin | -177.2% | 3.9% |
| Operating cash flow | $2.1M | $7.8M |
| Free cash flow | $2.1M | — |
| Market value | $1.8B | — |
| Analysts’ mean target | $8.90 | — |
Where the revenue comes from
C3.ai
- Subscription: $49.2M (94%)
- Professional services: $3.2M (6%)
Questions
Which is bigger, C3.ai or Meridian Holdings?
C3.ai is the larger company: $52.4M of revenue in its latest quarter (Q1 FY27) against $50.2M for Meridian Holdings (Q2 2026).
Is C3.ai or Meridian Holdings growing faster?
Meridian Holdings is growing faster (+16% against -26% a year earlier).
Which is more profitable, C3.ai or Meridian Holdings?
Meridian Holdings is more profitable, with an operating margin of 4.9% against -187.6%.
More: C3.ai earnings · how C3.ai makes money · Meridian Holdings earnings · how Meridian Holdings makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Sep 9, 2026; 10-Q filed Jul 29, 2026). Fiscal quarters can end on different dates. Not investment advice.