Core Insights - C3.ai's shares plummeted 61% in 2025, reflecting significant challenges in competing within the AI software market [1] - The company experienced a decline in revenue and increased operating losses, alongside the departure of its CEO [2][3] Financial Performance - C3.ai's revenue fell 14% year-over-year to $71 million, with an operating loss of $112 million [2] - The price-to-sales ratio (P/S) has decreased from an initial 90 at its market debut in 2021 to 5.3, indicating a significant drop in market valuation [6] Competitive Landscape - C3.ai is struggling to secure new customer contracts, while competitors like Palantir Technologies are rapidly growing their revenue and profit margins [4] - Despite the overall growth in AI software spending, C3.ai has not capitalized on this trend, leading to a perception of underperformance in the market [8] Leadership and Strategic Challenges - The retirement of founder and CEO Thomas Seibel due to health issues has added uncertainty to the company's future [3] - The company is facing challenges in executing its business strategy effectively, particularly in the AI applications sector [3][10]