C3.ai (AI) 10-Q 2 Mar 21 2021 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Jan. 31, 2021	Feb. 26, 2021
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jan. 31, 2021
Document Transition Report	false
Entity File Number	001-39744
Entity Registrant Name	C3.ai, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	26-3999357
Entity Address, Address Line One	1300 Seaport Blvd,
Entity Address, Address Line Two	Suite 500
Entity Address, City or Town	Redwood City,
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94063
City Area Code	650
Local Phone Number	503-2200
Title of 12(b) Security	Class A Common Stock, par value $0.001 per share
Trading Symbol	AI
Security Exchange Name	NYSE
Entity Current Reporting Status	No
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Current Fiscal Year End Date	--04-30
Amendment Flag	false
Entity Central Index Key	0001577526
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q3
Class A Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		97,431,675
Class B Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		3,499,992

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands		Jan. 31, 2021	Apr. 30, 2020
Current assets
Cash and cash equivalents		$ 960,122	$ 33,104
Short-term investments		162,880	211,874
Accounts receivable, net of allowance of $762 and $755 as of January 31, 2021 and April 30, 2020, respectively	[1]	30,231	30,827
Prepaid expenses and other current assets		13,503	5,400
Total current assets		1,166,736	281,205
Property and equipment, net		6,844	8,723
Goodwill		625	625
Long-term investments		0	725
Other assets, non-current		10,369	13,830
Total assets		1,184,574	305,108
Current liabilities
Accounts payable		12,608	4,726
Accrued compensation and employee benefits		17,996	13,693
Deferred revenue, current	[2]	59,950	53,537
Accrued and other current liabilities		13,544	9,083
Total current liabilities		104,098	81,039
Deferred revenue, non-current		2,360	6,758
Other long-term liabilities		4,004	6,001
Total liabilities		110,462	93,798
Commitments and contingencies (note 6)
Stockholders’ (deficit) equity
Additional paid-in capital		1,399,281	110,485
Accumulated other comprehensive income		13	424
Accumulated deficit		(325,283)	(293,637)
Total stockholders’ equity (deficit)		1,074,112	(182,697)
Total liabilities, redeemable convertible preferred stock, redeemable convertible Class A-1 common stock and stockholders’ equity (deficit)		1,184,574	305,108
Redeemable Convertible Preferred Stock
Current liabilities
Redeemable convertible stock		0	375,207
Redeemable Convertible A-1 Common Stock
Current liabilities
Redeemable convertible stock		0	18,800
Class A Common Stock
Stockholders’ (deficit) equity
Common stock		98	31
Class B Common Stock
Stockholders’ (deficit) equity
Common stock		$ 3	$ 0
[1]	Including amounts from a related party of $1,030 and $250 as of January 31, 2021 and April 30, 2020, respectively.
[2]	Including amounts from a related party of $9,358 and $1,499 as of January 31, 2021 and April 30, 2020, respectively.

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands		Jan. 31, 2021	Apr. 30, 2020
Accounts receivable, allowance		$ 762	$ 755
Common stock, shares outstanding (in shares)		3,499,992
Accounts receivable, net, from related party		$ 1,030	250
Deferred revenue, current, from related party	[1]	59,950	53,537
Related Party
Deferred revenue, current, from related party		$ 9,358	$ 1,499
Redeemable Convertible Preferred Stock
Par value (in dollars per share)		$ 0.001	$ 0.001
Shares authorized (in shares)		0	233,107,379
Shares issued (in shares)		0	37,128,768
Shares outstanding (in shares)		0	37,128,768
Liquidation preference			$ 376,178
Redeemable Convertible A-1 Common Stock
Par value (in dollars per share)		$ 0.001	$ 0.001
Shares authorized (in shares)		0	6,666,667
Shares issued (in shares)		0	6,666,665
Shares outstanding (in shares)		0	6,666,665
Liquidation preference			$ 18,800
Class A Common Stock
Common stock, par value (in dollars per share)		$ 0.001	$ 0.001
Common stock, shares authorized (in shares)		1,000,000,000	390,000,000
Common stock, shares issued (in shares)		97,431,675	31,210,159
Common stock, shares outstanding (in shares)		97,431,675	31,210,159
Class B Common Stock
Common stock, par value (in dollars per share)		$ 0.001	$ 0.001
Common stock, shares authorized (in shares)		3,500,000	21,000,000
Common stock, shares issued (in shares)		3,499,992	0
Common stock, shares outstanding (in shares)			0
[1]	Including amounts from a related party of $9,358 and $1,499 as of January 31, 2021 and April 30, 2020, respectively.

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2021	Jan. 31, 2020
Revenue
Total revenue		$ 49,109	$ 41,283	$ 130,933	$ 115,048
Cost of revenue
Total cost of revenue		12,226	10,931	32,807	29,278
Gross profit		36,883	30,352	98,126	85,770
Operating expenses
Sales and marketing		28,450	23,162	64,898	60,385
Research and development		18,748	12,331	48,145	47,122
General and administrative		8,184	5,291	21,433	19,541
Total operating expenses		55,382	40,784	134,476	127,048
Loss from operations		(18,499)	(10,432)	(36,350)	(41,278)
Interest income		129	1,136	997	3,115
Other (expense) income, net		1,721	(402)	4,163	(498)
Net loss before provision for income taxes		(16,649)	(9,698)	(31,190)	(38,661)
Provision for income taxes		203	98	456	283
Net loss		$ (16,852)	$ (9,796)	$ (31,646)	$ (38,944)
Class A Common Stock
Operating expenses
Net loss attributable to common shareholders, basic and diluted (in dollars per share)		$ (0.23)	$ (0.27)	$ (0.64)	$ (1.11)
Weighted-average shares used in computing net loss per share attributable to common stockholders, basic and diluted (in shares)		68,648,229	30,132,463	43,480,533	28,478,395
Redeemable Convertible A-1 Common Stock
Operating expenses
Net loss attributable to common shareholders, basic and diluted (in dollars per share)		$ (0.10)	$ (0.27)	$ (0.52)	$ (1.11)
Weighted-average shares used in computing net loss per share attributable to common stockholders, basic and diluted (in shares)		6,666,665	6,666,666	6,666,665	6,666,666
Class B Common Stock
Operating expenses
Net loss attributable to common shareholders, basic and diluted (in dollars per share)		$ (0.13)	$ 0	$ (0.12)	$ 0
Weighted-average shares used in computing net loss per share attributable to common stockholders, basic and diluted (in shares)		3,499,992	0	3,499,992	0
Subscription
Revenue
Total revenue	[1]	$ 42,699	$ 34,629	$ 114,248	$ 98,627
Cost of revenue
Total cost of revenue		7,023	8,862	22,694	23,493
Professional services
Revenue
Total revenue	[2]	6,410	6,654	16,685	16,421
Cost of revenue
Total cost of revenue		$ 5,203	$ 2,069	$ 10,113	$ 5,785
[1]	Including related party revenue of $7,951, $9,865, $21,571 and $30,560 for the three and nine months ended January 31, 2021 and 2020, respectively.
[2]	Including related party revenue of $0, $112, $0 and $210 for the three and nine months ended January 31, 2021 and 2020, respectively.

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Parenthetical) - Investor - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2021	Jan. 31, 2020
Subscription
Related party revenue	$ 7,951	$ 9,865	$ 21,571	$ 30,560
Professional services
Related party revenue	$ 0	$ 112	$ 0	$ 210

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2021	Jan. 31, 2020
Statement of Comprehensive Income [Abstract]
Net loss	$ (16,852)	$ (9,796)	$ (31,646)	$ (38,944)
Other comprehensive income
Unrealized gain (loss) on investment securities, net of tax	(49)	69	(411)	136
Total comprehensive loss	$ (16,901)	$ (9,727)	$ (32,057)	$ (38,808)

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF REDEEMABLE CONVERTIBLE PREFERRED STOCK, REDEEMABLE CONVERTIBLE CLASS A-1 COMMON STOCK AND STOCKHOLDERS' EQUITY (DEFICIT) - USD ($) $ in Thousands	Total	Initial Public Offering and Private Placements	Common Stock	Common StockInitial Public Offering and Private Placements	Additional Paid-In Capital	Additional Paid-In CapitalInitial Public Offering and Private Placements	Accumulated Other Comprehensive (Loss) Income	Accumulated Deficit	Redeemable Convertible Preferred Stock	Series G Preferred Stock	Series H Preferred Stock	Redeemable Convertible A-1 Common Stock
Beginning Balance, shares (in shares) at Apr. 30, 2019									34,192,000			6,667,000
Beginning Balance, Amount at Apr. 30, 2019									$ 299,965			$ 18,800
Increase (Decrease) in Temporary Equity [Roll Forward]
Issuance of Preferred Stock, net of issuance costs (in shares)										1,283,000	1,654,000
Issuance of Preferred Stock, net of issuance costs										$ 25,406	$ 49,836
Ending Balance, shares (in shares) at Jan. 31, 2020									37,129,000			6,667,000
Ending Balance, Amount at Jan. 31, 2020									$ 375,207			$ 18,800
Beginning Balance, shares (in shares) at Apr. 30, 2019			20,057,000
Beginning Balance, Amount at Apr. 30, 2019	$ (165,434)		$ 20		$ 58,731		$ 74	$ (224,259)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock (in shares)			9,530,000
Issuance of common stock	44,027		$ 10		44,017
Issuance of Class A common stock upon exercise of stock options (in shares)			1,630,000
Issuance of Class A common stock upon exercise of stock options	2,015		$ 1		2,014
Vesting of early exercised Class A common stock options	427				427
Tender offer repurchases (in shares)			(164,000)
Tender offer repurchases	(3,548)		$ (1)		(3,547)
Stock-based compensation expense	5,424				5,424
Other comprehensive income (loss)	136						136
Net loss	(38,944)							(38,944)
Ending Balance, shares (in shares) at Jan. 31, 2020			31,053,000
Ending Balance, Amount at Jan. 31, 2020	(155,897)		$ 30		107,066		210	(263,203)
Beginning Balance, shares (in shares) at Apr. 30, 2019									34,192,000			6,667,000
Beginning Balance, Amount at Apr. 30, 2019									$ 299,965			$ 18,800
Ending Balance, shares (in shares) at Apr. 30, 2020									37,128,768			6,666,665
Ending Balance, Amount at Apr. 30, 2020									$ 375,207			$ 18,800
Beginning Balance, shares (in shares) at Apr. 30, 2019			20,057,000
Beginning Balance, Amount at Apr. 30, 2019	(165,434)		$ 20		58,731		74	(224,259)
Ending Balance, shares (in shares) at Apr. 30, 2020			31,210,000
Ending Balance, Amount at Apr. 30, 2020	(182,697)		$ 31		110,485		424	(293,637)
Beginning Balance, shares (in shares) at Oct. 31, 2019									37,129,000			6,667,000
Beginning Balance, Amount at Oct. 31, 2019									$ 375,207			$ 18,800
Ending Balance, shares (in shares) at Jan. 31, 2020									37,129,000			6,667,000
Ending Balance, Amount at Jan. 31, 2020									$ 375,207			$ 18,800
Beginning Balance, shares (in shares) at Oct. 31, 2019			30,779,000
Beginning Balance, Amount at Oct. 31, 2019	(148,833)		$ 30		104,403		141	(253,407)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock (in shares)			274,000
Issuance of common stock	446				446
Vesting of early exercised Class A common stock options	156				156
Stock-based compensation expense	2,061				2,061
Other comprehensive income (loss)	69						69
Net loss	(9,796)							(9,796)
Ending Balance, shares (in shares) at Jan. 31, 2020			31,053,000
Ending Balance, Amount at Jan. 31, 2020	(155,897)		$ 30		107,066		210	(263,203)
Beginning Balance, shares (in shares) at Apr. 30, 2020									37,128,768			6,666,665
Beginning Balance, Amount at Apr. 30, 2020									$ 375,207			$ 18,800
Increase (Decrease) in Temporary Equity [Roll Forward]
Conversion of redeemable convertible preferred stock to common stock upon initial public offering (in shares)									(37,129,000)			(6,667,000)
Conversion of redeemable convertible preferred stock to common stock upon initial public offering									$ (399,753)			$ (18,800)
Repayment of shareholder loan									$ 24,546
Ending Balance, shares (in shares) at Jan. 31, 2021									0			0
Ending Balance, Amount at Jan. 31, 2021									$ 0			$ 0
Beginning Balance, shares (in shares) at Apr. 30, 2020			31,210,000
Beginning Balance, Amount at Apr. 30, 2020	(182,697)		$ 31		110,485		424	(293,637)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Conversion of redeemable convertible preferred stock to common stock upon initial public offering (in shares)			43,796,000
Conversion of redeemable convertible preferred stock to common stock upon initial public offering	418,553		$ 44		418,509
Repayment of shareholder loan	$ 1,457				1,457
Issuance of common stock (in shares)				21,396,000
Issuance of common stock		$ 844,646		$ 21		$ 844,625
Issuance of Class A common stock upon exercise of stock options (in shares)	4,563,000		4,530,000
Issuance of Class A common stock upon exercise of stock options	$ 7,867		$ 5		7,862
Vesting of early exercised Class A common stock options	2,073				2,073
Stock-based compensation expense	14,270				14,270
Other comprehensive income (loss)	(411)						(411)
Net loss	$ (31,646)							(31,646)
Ending Balance, shares (in shares) at Jan. 31, 2021	3,499,992		100,932,000
Ending Balance, Amount at Jan. 31, 2021	$ 1,074,112		$ 101		1,399,281		13	(325,283)
Beginning Balance, shares (in shares) at Oct. 31, 2020									37,129,000			6,667,000
Beginning Balance, Amount at Oct. 31, 2020									$ 399,753			$ 18,800
Increase (Decrease) in Temporary Equity [Roll Forward]
Conversion of redeemable convertible preferred stock to common stock upon initial public offering (in shares)									(37,129,000)			(6,667,000)
Conversion of redeemable convertible preferred stock to common stock upon initial public offering									$ (399,753)			$ (18,800)
Ending Balance, shares (in shares) at Jan. 31, 2021									0			0
Ending Balance, Amount at Jan. 31, 2021									$ 0			$ 0
Beginning Balance, shares (in shares) at Oct. 31, 2020			32,981,000
Beginning Balance, Amount at Oct. 31, 2020	(184,327)		$ 33		124,009		62	(308,431)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Conversion of redeemable convertible preferred stock to common stock upon initial public offering (in shares)			43,796,000
Conversion of redeemable convertible preferred stock to common stock upon initial public offering	418,553		$ 44		418,509
Issuance of common stock (in shares)				21,396,000
Issuance of common stock		$ 844,646		$ 21		$ 844,625
Issuance of Class A common stock upon exercise of stock options (in shares)			2,759,000
Issuance of Class A common stock upon exercise of stock options	4,803		$ 3		4,800
Vesting of early exercised Class A common stock options	749				749
Stock-based compensation expense	6,589				6,589
Other comprehensive income (loss)	(49)						(49)
Net loss	$ (16,852)							(16,852)
Ending Balance, shares (in shares) at Jan. 31, 2021	3,499,992		100,932,000
Ending Balance, Amount at Jan. 31, 2021	$ 1,074,112		$ 101		$ 1,399,281		$ 13	$ (325,283)

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF REDEEMABLE CONVERTIBLE PREFERRED STOCK, REDEEMABLE CONVERTIBLE CLASS A-1 COMMON STOCK AND STOCKHOLDERS' EQUITY DEFICIT (PARENTHETICAL) - USD ($) $ in Thousands	9 Months Ended
	Jan. 31, 2021	Jan. 31, 2020
Issuance of Series G Preferred Stock, issuance costs (unaudited)	$ 6,710	$ 0
Series G Preferred Stock
Issuance of Series G Preferred Stock, issuance costs (unaudited)		34
Series H Preferred Stock
Issuance of Series G Preferred Stock, issuance costs (unaudited)		$ 164

CONDENSED CONSOLIDATED STATEM_6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands		9 Months Ended
		Jan. 31, 2021	Jan. 31, 2020
Cash flows from operating activities:
Net loss		$ (31,646)	$ (38,944)
Adjustments to reconcile net loss to net cash used in operating activities
Depreciation and amortization		3,189	566
Non-cash operating lease cost		2,474	2,267
Stock-based compensation expense		14,270	5,424
Other		(115)	(324)
Changes in operating assets and liabilities
Accounts receivable	[1]	588	33,744
Prepaid expenses, other current assets and other assets		(6,931)	(6,928)
Accounts payable		7,447	(917)
Accrued compensation and employee benefits		4,303	1,081
Lease liability		(2,636)	(2,344)
Other liabilities		1,213	(397)
Deferred revenue	[2]	2,016	(20,335)
Net cash used in operating activities		(5,828)	(27,107)
Cash flows from investing activities:
Purchase of property and equipment		(1,166)	(1,629)
Capitalized software development costs		0	(581)
Proceeds from sale of non-marketable equity security		725	0
Purchase of investments		(232,287)	(197,067)
Maturity and sale of investments		280,997	58,625
Net cash provided by (used in) investing activities		48,269	(140,652)
Cash flows from financing activities:
Proceeds from initial public offering and private placements, net of underwriting discounts		851,859	0
Proceeds from repayment of shareholder loan		26,003	0
Repurchase of common stock and options in tender offer		0	(3,548)
Payment of deferred offering costs		(6,710)	0
Proceeds from issuance of common stock		0	44,028
Proceeds from exercise of Class A common stock options		13,825	3,846
Net cash provided by financing activities		884,977	119,495
Net increase (decrease) in cash, cash equivalents and restricted cash		927,418	(48,264)
Cash, cash equivalents and restricted cash at beginning of period		33,604	99,107
Cash, cash equivalents and restricted cash at end of period		961,022	50,843
Total cash, cash equivalents and restricted cash		961,022	50,843
Supplemental disclosures of cash flow information—cash paid for income taxes		435	541
Supplemental disclosure of non-cash investing and financing activities:
Purchases of property and equipment included in accounts payable and accrued liabilities		349	0
Deferred offering costs included in accounts payable and accrued liabilities		503	0
Vesting of early exercised stock options		2,073	427
Series G Preferred Stock
Cash flows from financing activities:
Proceeds from issuance of stock, net of issuance costs		0	25,333
Payment of deferred offering costs			(34)
Series H Preferred Stock
Cash flows from financing activities:
Proceeds from issuance of stock, net of issuance costs		$ 0	49,836
Payment of deferred offering costs			$ (164)
[1]	Including changes in related party balances of $(780) and $19,826 for the nine months ended January 31, 2021 and 2020, respectively.
[2]	Including changes in related party balances of $7,859 and $(8,596) for the nine months ended January 31, 2021 and 2020, respectively.

CONDENSED CONSOLIDATED STATEM_7

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - Investor - USD ($) $ in Thousands	9 Months Ended
	Jan. 31, 2021	Jan. 31, 2020
Related party balances included in accounts receivable	$ (780)	$ 19,826
Related party balance included in deferred revenue	$ 7,859	$ (8,596)

Summary of Business and Signifi

Summary of Business and Significant Accounting Policies	9 Months Ended
	Jan. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Summary of Business and Significant Accounting Policies	Summary of Business and Significant Accounting Policies Business C3.ai, Inc. and subsidiaries, or collectively, C3 AI or the Company, is an enterprise artificial intelligence, or AI, software provider. Our C3 AI Suite supports accelerating digital transformation in various industries with prebuilt and configurable C3 AI Applications for business use cases including predictive maintenance, fraud detection, sensor network health, supply network optimization, energy management, anti-money laundering, and customer engagement. The Company supports customers in the United States, Europe, and the rest of the world. The Company was initially formed as a limited liability company in Delaware on January 8, 2009 and converted to a Delaware corporation in June 2012. Reverse Stock Split In November 2020, the Company amended and restated its certificate of incorporation to effect a reclassification of the Company’s prior Class B common stock and Class C common stock into Class A common stock and redeemable convertible Class B-1 common stock into a new redeemable convertible Class A-1 common stock. The rights, including the liquidation, dividend, and voting rights, are substantially identical for each class of common stock reclassified. All references to prior Class B common stock and Class C common stock have been recast to Class A common stock, and all references to redeemable convertible Class B-1 common stock have been recast to redeemable convertible Class A-1 common stock in these unaudited condensed consolidated financial statements to give retrospective effect to the reclassification for all periods presented. The Company also authorized a new Class B common stock. The rights, including the liquidation and dividend rights, of the Class A common stock and the new Class B common stock are substantially identical, other than the voting rights and conversion rights upon transfer of the Class B common stock. See Note 9 for more information. Additionally, the Company effected a 6-for-1 reverse stock split of the Company’s outstanding common stock, preferred stock, and stock option awards. The par value of the common stock and preferred stock was not adjusted as a result of the reverse stock split. The authorized shares of the Class A common stock, new Class A-1 common stock, new Class B common stock and preferred stock were also adjusted to 390,000,000 shares, 6,666,667 shares, 21,000,000 shares, and 233,107,379 shares, respectively. All authorized, issued, and outstanding shares of common stock, preferred stock, stock option awards, and per share data included in these financial statements have been recast to give retrospective effect to the adjusted authorized shares and reverse stock split for all periods presented. Initial Public Offering and Concurrent Private Placements In December 2020, the Company completed its initial public offering (“IPO”), in which the Company issued and sold 17,825,000 shares of its Class A common stock at $42.00 per share, which included 2,325,000 shares issued upon the exercise of the underwriters’ over-allotment option to purchase additional shares. The Company received net proceeds of $694.6 million after deducting underwriting discounts and other offering expenses. In connection with the IPO: • all 33,628,776 shares of the Company’s outstanding redeemable convertible preferred stock, except the Series A* preferred stock, automatically converted into an equivalent number of shares of Class A common stock on a one-to-one basis; • all 3,499,992 shares of the Company’s outstanding redeemable convertible Series A* preferred stock automatically converted into an equivalent number of shares of our Class B common stock on a one-to-one basis; • all 6,666,665 shares of the Company’s outstanding redeemable convertible Class A-1 common stock automatically converted into an equivalent number of shares of Class A common stock on a one-to-one basis; and • the Company amended and restated its certificate of incorporation which became effective upon completion of the IPO. Deferred offering costs consist primarily of direct and incremental accounting, legal and other fees related to the Company’s IPO. Prior to the IPO, all deferred offering costs incurred were capitalized and included in other assets on the condensed consolidated balance sheet. Upon completion of the IPO, $7.2 million of deferred offering costs were reclassified into stockholders’ equity as a reduction of the IPO proceeds. The Company also completed a concurrent private placement immediately subsequent to the closing of the IPO, in which the Company issued and sold 2,380,952 and 1,190,476 shares of its Class A common stock at $42.00 per share to Spring Creek Capital LLC, an affiliate of Koch Industries, Inc., and Microsoft Corporation, respectively (the “Concurrent Private Placement”). The Company received aggregate proceeds of $150.0 million and did not pay underwriting discounts with respect to the shares of Class A common stock that were sold in the Concurrent Private Placement. Basis of Presentation and Principles of Consolidation The Company prepares its unaudited condensed consolidated financial statements in accordance with generally accepted accounting principles in the United States, or GAAP, and applicable rules and regulations of the U.S. Securities and Exchange Commission (the “SEC”) regarding interim financial reporting. Accordingly, they do not include all disclosures normally required in annual consolidated financial statements prepared in accordance with GAAP. Therefore, these unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes included in the Company’s final prospectus dated December 8, 2020, and filed with the SEC pursuant to Rule 424(b)(4) on December 9, 2020 (the “Final Prospectus”). In management’s opinion, these unaudited condensed consolidated financial statements have been prepared on the same basis as the annual financial statements and reflect all adjustments, which include only normal recurring adjustments necessary for the fair statement of the Company’s financial position as of January 31, 2021, and the results of operations for the three and nine months ended January 31, 2021. The results of operations for the three and nine months ended January 31, 2021, are not necessarily indicative of the results to be expected for the full year or any other future interim or annual period. The condensed consolidated financial statements include the accounts of C3.ai, Inc. and its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. Use of Estimates The preparation of the accompanying unaudited condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions about future events. These estimates and the underlying assumptions affect the amounts of assets and liabilities reported, disclosures about contingent assets and liabilities, and reported amounts of revenue and expenses. Actual results and outcomes could differ significantly from the Company’s estimates, judgments, and assumptions. Significant estimates include determining standalone selling price for performance obligations in contracts with customers and estimating variable consideration, the estimated expected benefit period for deferred contract acquisition costs, the useful lives of long-lived assets, the value of common stock and other assumptions used to measure stock-based compensation, and the valuation of deferred income tax assets and uncertain tax positions. These estimates and assumptions are based on management’s best estimates and judgment. Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors, including the current economic environment, which management believes to be reasonable under the circumstances. The Company adjusts such estimates and assumptions when facts and circumstances dictate. Changes in those estimates resulting from continuing changes in the economic environment will be reflected in the financial statements in future periods. As future events and their effects cannot be determined with precision, actual results could materially differ from those estimates and assumptions. Fiscal Year The Company’s fiscal year ends on April 30. Summary of Significant Accounting Policies The Company’s significant accounting policies are discussed in Note 1. Summary of Business and Significant Accounting Policies in the Notes to Consolidated Financial Statements in its Prospectus. There have been no significant changes to these policies during the three months ended January 31, 2021. Concentration of Risk Financial instruments that potentially subject the Company to concentration of credit risk consist of cash and cash equivalents, investments and accounts receivable. The majority of the Company’s cash and cash equivalents are held by one financial institution. The Company is exposed to that financial institution to the extent that its cash balance with that financial institution is in excess of Federal Deposit Insurance Company, or FDIC, insurance limits. The Company’s investment policy is to invest in securities with a minimum rating of P1 by Moody’s, A1 by Standard & Poor’s, F-1 by Fitch’s or higher for short-term investments, and minimum rating of A2 by Moody’s, A by Standard & Poor’s, or A by Fitch’s or higher for long-term investments. Recent Accounting Pronouncements The Company currently qualifies as an “emerging growth company” under the Jumpstart Our Business Startups Act of 2012, or the JOBS Act. Accordingly, the Company is provided the option to adopt new or revised accounting guidance either (1) within the same periods as those otherwise applicable to public business entities or (2) within the same time periods as private companies, including early adoption when permissible. The Company has elected to adopt new or revised accounting guidance within the same time period as private companies. Other than policies noted below, there have been no significant changes to the accounting policies disclosed in Note 1 of the audited consolidated financial statements as of and for the years ended April 30, 2020 and 2019 included in the Final Prospectus. Recently Adopted Accounting Standards —In June 2016, the FASB issued ASU 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments , which requires a financial asset measured at amortized cost basis to be presented at the net amount expected to be collected. Credit losses relating to available-for-sale debt securities should be recorded through an allowance for credit losses. The guidance also limits the amount of credit losses to be recognized for available-for-sale debt securities to the amount by which carrying value exceeds fair value and requires the reversal of previously recognized credit losses if fair value increases. The guidance is effective for the fiscal year beginning May 1, 2023 with early adoption permitted. The Company early adopted the guidance as of May 1, 2020 using a prospective transition method. Adoption of this guidance did not have a material impact to the Company’s consolidated financial statements and related disclosures. In January 2017, the FASB issued ASU No. 2017-04, Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment. ASU 2018-04 simplifies how an entity is required to test goodwill for impairment by eliminating Step 2 from the goodwill impairment test. The guidance is effective for the fiscal year beginning May 1, 2023 with early adoption permitted. The Company early adopted the guidance as of May 1, 2020 using a prospective transition method. Adoption of this guidance did not have a material impact to the Company’s consolidated financial statements and related disclosures. In July 2017, the FASB issued ASU No. 2017-11, Earnings Per Share (Topic 260), Distinguishing Liabilities from Equity (Topic 480), Derivatives and Hedging (Topic 815) I. Accounting for Certain Financial Instruments with Down Round Features II. Replacement of the Indefinite Deferral for Mandatorily Redeemable Financial Instruments of Certain Nonpublic Entities and Certain Mandatorily Redeemable Noncontrolling Interests with a Scope Exception . Part I of this standard applies to entities that issue financial instruments such as warrants, convertible debt or redeemable convertible preferred stock that contain down-round features. Part II of this standard replaces the indefinite deferral for certain mandatorily redeemable noncontrolling interests and mandatorily redeemable financial instruments of nonpublic entities contained within ASC Topic 480 with a scope exception and does not impact the accounting for these mandatorily redeemable instruments. The Company adopted the guidance as of May 1, 2020 using a prospective transition method. Adoption of this guidance did not have a material impact to the Company’s consolidated financial statements and related disclosures. In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement , which modifies the disclosure requirements on fair value measurements with respect to Level 3 rollforwards, timing of liquidation of investments in certain entities that calculate net asset value, and measurement uncertainty. The Company adopted the guidance as of May 1, 2020 using a prospective transition method. Adoption of this guidance did not have a material impact to the Company’s consolidated financial statements and related disclosures. Recently Issued Accounting Standards Not Yet Adopted —In August 2018, the FASB issued ASU 2018-15, Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement that is a Service Contract , which requires a customer in a cloud computing arrangement that is a service contract to follow the internal-use software guidance in ASC 350-40 to determine which implementation costs to defer and recognize as an asset. The guidance is effective for the fiscal year

Revenue

Revenue	9 Months Ended
	Jan. 31, 2021
Revenue from Contract with Customer [Abstract]
Revenue	Revenue Disaggregation of Revenue The following table presents revenue by geographical region (in thousands): For the three months ended January 31, For the nine months ended January 31, 2021 2020 2021 2020 North America (1) $ 29,488 $ 33,274 $ 86,100 $ 90,392 Europe, the Middle East and Africa (1) 17,141 7,447 39,922 23,809 Asia Pacific (1) 1,655 562 4,086 847 Rest of World (1) 825 — 825 — Total revenue $ 49,109 $ 41,283 $ 130,933 $ 115,048 __________________ (1) The United States comprised 60%, 81%, 65% and 79% of the Company’s revenue in the three months ended January 31, 2021 and 2020 and the nine months ended January 31, 2021 and 2020, respectively. France comprised 12%, 10%, 12% and 10% of the Company’s revenue in the three months ended January 31, 2021 and 2020 and the nine months ended January 31, 2021 and 2020, respectively. No other country comprised 10% or greater of the Company’s revenue for each of the three and nine months ended January 31, 2021 and 2020. Deferred Revenue The following table reflects the deferred revenue balance (in thousands): As of January 31, As of April 30, 2021 2020 Deferred revenue, current $ 59,950 $ 53,537 Deferred revenue, non-current 2,360 6,758 Total deferred revenue $ 62,310 $ 60,295 Significant changes in the deferred revenue balances during the nine months ended January 31, 2021 and 2020 were as follows (in thousands): Deferred Revenue April 30, 2020 $ 60,295 Performance obligations satisfied during the period that were included in the deferred revenue balance at the beginning of the year (53,086) Increases due to invoicing prior to satisfaction of performance obligations 55,101 January 31, 2021 $ 62,310 Deferred Revenue April 30, 2019 $ 91,225 Performance obligations satisfied during the period that were included in the deferred revenue balance at the beginning of the year $ (72,677) Increases due to invoicing prior to satisfaction of performance obligations $ 52,345 January 31, 2020 $ 70,893 Remaining Performance Obligation Remaining performance obligations are committed and represent non-cancellable contracted revenue that has not yet been recognized and will be recognized as revenue in future periods. Some contracts allow customers to cancel the contracts without a significant penalty, and the cancellable amount of contract value is not included in the remaining performance obligations. The Company excludes amounts related to performance obligations and usage-based royalties that are billed and recognized as they are delivered. This primarily consists of monthly usage-based runtime and hosting charges in the duration of some revenue contracts. Revenue expected to be recognized from remaining performance obligations was approximately $247.5 million as of January 31, 2021 of which $131.1 million is expected to be recognized over the next 12 months and the remainder thereafter. Customer Concentration and Accounts Receivable All of the Company’s customers consist of corporate and governmental entities. A limited number of customers have accounted for a large part of the Company’s revenue and accounts receivable to date. Two separate customers accounted for 16% and 12%, respectively, of revenue for the three months ended January 31, 2021. Two separate customers accounted for 24% and 10%, respectively, of revenue for the three months ended January 31, 2020. Two separate customers accounted for 16% and 12%, respectively, of revenue for the nine months ended January 31, 2021. Two separate customers accounted for 27% and 10%, respectively, of revenue for the nine months ended January 31, 2020. Three separate customers accounted for 21%, 13%, and 11% of accounts receivable at January 31, 2021. Three separate customers accounted for 33%, 19%, and 15% of accounts receivable at April 30, 2020. Accounts receivable includes billed and unbilled receivables, net of allowance of doubtful accounts. Trade accounts receivable are recorded at invoiced amounts and do not bear interest. The expectation of collectability is based on a review of credit profiles of customers, contractual terms and conditions, current economic trends, and historical payment experience. The Company regularly reviews the adequacy of the allowance for doubtful accounts by considering the age of each outstanding invoice and the collection history of each customer to determine the appropriate amount of allowance for doubtful accounts. Accounts receivable included unbilled receivables of as of January 31, 2021 and April 30, 2020 of $0.6 million and $0.5 million, respectively.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Jan. 31, 2021
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The Company’s financial instruments consist primarily of cash and cash equivalents, marketable debt securities, accounts receivable, non-marketable equity securities, and accounts payable. Cash and cash equivalents and marketable debt securities are reported at their respective fair values on the consolidated balance sheets. Non-marketable equity securities are reported at cost less impairment. The remaining financial instruments are reported on the consolidated balance sheets at amounts that approximate current fair values. The following table summarizes the types of assets measured at fair value on a recurring basis by level within the fair value hierarchy (in thousands): As of January 31, 2021 As of April 30, 2020 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Money market funds $ 900,292 $ — $ — $ 900,292 $ 10,260 $ — $ — $ 10,260 U.S. treasury securities — 158,377 — 158,377 — 11,500 — 11,500 Certificate of deposit — 3,503 — 3,503 — 28,477 — 28,477 U.S. government agencies securities — — — — — 10,074 — 10,074 Commercial paper — 2,000 — 2,000 — 94,397 — 94,397 Corporate debt securities — — — — — 68,425 — 68,425 $ 900,292 $ 163,880 $ — $ 1,064,172 $ 10,260 $ 212,873 $ — $ 223,133 The estimated fair value of securities classified as Level 2 financial instruments was determined based on third-party pricing services. The pricing services utilize industry standard valuation models, including both income- and market-based approaches, for which all significant inputs are observable, either directly or indirectly, to estimate fair value. Inputs used for fair value measurement categorized as Level 2 include benchmark yields, reported trades, broker or dealer quotes, issuer spreads, two-sided markets, benchmark securities, bids, offers, and reference data including market research publications.

Investments

Investments	9 Months Ended
	Jan. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Investments	Investments Available-for-Sale Marketable Securities The following table summarizes the Company’s available-for-sale marketable securities (in thousands): As of January 31, 2021 As of April 30, 2020 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Money market funds $ 900,292 $ — $ — $ 900,292 $ 10,260 $ — $ — $ 10,260 U.S. treasury securities $ 158,366 $ 11 $ — $ 158,377 11,489 11 $ — 11,500 Certificate of deposit $ 3,500 $ 3 $ — $ 3,503 28,476 1 $ — 28,477 U.S. government agencies securities $ — $ — $ — $ — 9,995 79 $ — 10,074 Commercial paper $ 1,999 $ 1 $ 2,000 94,242 155 $ — 94,397 Corporate debt securities $ — $ — $ — $ — 68,246 179 $ — 68,425 $ 1,064,157 $ 15 $ — $ 1,064,172 $ 222,708 $ 425 $ — $ 223,133 The following table summarizes the classification of the Company’s available-for-sale investment securities in the Company’s consolidated balance sheets (in thousands): As of January 31, As of April 30, 2021 2020 Cash and cash equivalents $ 901,292 $ 11,259 Short-term investments 162,880 211,874 Long-term investments — — Total $ 1,064,172 $ 223,133 Cash and cash equivalents in the table above excludes cash of $58.8 million and $21.8 million as of January 31, 2021 and April 30, 2020, respectively. The following table summarizes the Company’s available-for-sale debt securities by contractual maturity (in thousands): As of January 31, 2021 As of April 30, 2020 Amortized Cost Fair Value Amortized Cost Fair Value Within one year $ 163,865 $ 163,880 $ 212,449 $ 212,873 After one year through five years — — — — Total $ 163,865 $ 163,880 $ 212,449 $ 212,873 The following table summarizes the fair values and unrealized losses of the Company’s available-for-sale marketable securities classified by length of time that the securities have been in a continuous unrealized loss position but were not deemed to be other-than-temporarily impaired, as of April 30, 2020 (in thousands): As of April 30, 2020 Less Than 12 Months 12 Months or Greater Total Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value U.S. treasury securities $ — $ — $ — $ — $ — $ — U.S. government agencies securities — — — — — — Certificate of deposit (7) 10,995 — — (7) 10,995 Commercial paper (5) 18,495 — — (5) 18,495 Corporate debt securities (14) 14,921 — — (14) 14,921 Total $ (26) $ 44,411 $ — $ — $ (26) $ 44,411 As of January 31, 2021, the Company had no investment positions in an unrealized loss position. As of April 30, 2020, the Company had 16 investment positions that were in an unrealized loss position. The Company had no other-than-temporary impairments on available-for-sale investment securities as of January 31, 2021 and April 30, 2020 because the Company does not intend to sell these securities or believe that it will be required to sell these securities before the recovery of their amortized cost basis. Non-Marketable Equity Securities In November 2020, the Company sold its non-marketable equity security for $0.7 million. As of January 31, 2021, the Company had no non-marketable equity securities. As of April 30, 2020, non-marketable equity securities carried at cost of $0.7 million were recorded in long-term investments. The Company did not recognized an impairment on the non-marketable equity securities during the three or nine months ended January 31, 2021 and 2020.

Balance Sheet Details

Balance Sheet Details	9 Months Ended
	Jan. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Balance Sheet Details	Balance Sheet Details Property and Equipment Property and equipment consisted of the following at January 31, 2021 and April 30, 2020 (in thousands): Useful Life As of January 31, As of April 30, (in months) 2021 2020 Leasehold improvements * $ 8,636 $ 8,215 Computer equipment 36 2,655 2,028 Office furniture and equipment 60 385 339 Property and equipment-gross 11,676 10,582 Less accumulated depreciation (4,832) (1,859) Property and equipment—net $ 6,844 $ 8,723 __________________ * Leasehold improvements are amortized over the shorter of the estimated useful lives of the improvements or the remaining lease term. Depreciation expense was $1.0 million, $0.2 million, $3.0 million and $0.6 million for the three months ended January 31, 2021 and 2020, and nine months ended January 31, 2021 and 2020, respectively. Accrued Compensation and Employee Benefits Accrued compensation and employee benefits consisted of the following at January 31, 2021 and April 30, 2020 (in thousands): As of January 31, As of April 30, 2021 2020 Accrued bonus $ 9,159 $ 8,356 Accrued vacation 3,596 2,823 Accrued payroll taxes and benefits 3,841 1,397 Accrued commission 732 515 Accrued salaries 668 602 Accrued compensation and employee benefits $ 17,996 $ 13,693 Accrued and Other Current Liabilities Accrued and other current liabilities include $6.1 million and $2.2 million paid for common stock exercised prior to vesting as of January 31, 2021, and April 30, 2020, respectively. Current liabilities that transferred to stockholders’ deficit upon vesting were $2.1 million and $0.7 million for the nine months ended January 31, 2021 and year ended April 30, 2020, respectively. Common stock exercised in advance of the vesting period is subject to the Company’s repurchase right in the event that the holder no longer provides services to the Company. Accrued and other current liabilities also includes $3.8 million and $3.5 million of current portion of lease liability balance as of January 31, 2021 and April 30, 2020, respectively. Additionally, this balance includes $3.1 million and $1.5 million of accrued general expenses as of January 31, 2021 and April 30, 2020, respectively. Cares Act Loan On May 1, 2020, the Company entered into Paycheck Protection Program (“PPP”) Promissory Note and Agreement with Bank of America, pursuant to which the Company received loan proceeds of $6.3 million (the “PPP Loan”). The PPP Loan was made under, and was subject to the terms and conditions of, the PPP which was established under the CARES Act and is administered by the U.S. Small Business Administration. The term of the PPP Loan was two years with a maturity date of May 1, 2022 and contains a favorable fixed annual interest rate of 1.00%. Payments of principal and interest on the PPP Loan were deferred for the first six months of the term of the PPP Loan until November 1, 2020. Principal and interest were payable

Commitment and Contingencies

Commitment and Contingencies	9 Months Ended
	Jan. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Noncancelable Purchase Commitments The Company entered into a noncancelable arrangement with a web-hosting services provider in November 2019. Under the arrangement, the Company committed to spend an aggregate of at least $30.0 million between November 2019 and November 2022, with a minimum amount of $10.0 million in each of the three years, on services with this vendor. The Company has incurred costs totaling $3.5 million, $2.0 million, $9.6 million and $2.0 million under the arrangement during the three months ended January 31, 2021 and 2020 and the nine months ended January 31, 2021 and 2020, respectively. C3.ai Digital Transformation Institute Grants In February 2020, the Company entered into an agreement establishing the C3.ai Digital Transformation Institute (“C3.ai DTI”), a program established to attract many of the world’s leading research institutions to join in a coordinated and innovative effort to advance the digital transformation of business, government, and society. As part of the agreement, the Company has agreed to issue grants to C3.ai DTI, which are subject to compliance with certain obligations. The grants shall be paid by the Company over five years in the form of cash, publicly traded securities, or other property of equivalent net value. As of January 31, 2021 and April 30, 2020 the total potential remaining contributions are $44.6 million and $45.8 million, respectively. The future grant payments are conditional in nature and subject to execution of the program in line with specific requirements. Legal Proceedings The Company is involved in various legal proceedings and periodically receives claims arising in the ordinary course of business. In the Company’s opinion, resolution of these matters is not expected to have a material adverse impact on its consolidated statement of operations, cash flows, or balance sheet. Blattman et al. v. Siebel et al., 15-cv-00530 (D. Del.) On October 28, 2014, Eric Blattman and other former unitholders of E2.0 LLC (E2.0) filed suit in federal court against Thomas M. Siebel and David Schmaier, alleging violation of Section 10(b) of the Securities Exchange Act of 1934 and common law fraud based on alleged misrepresentations made during negotiations leading up to an April 30, 2012 merger between E2.0 and the Company. Plaintiffs thereafter amended their complaint to add the Company as a defendant, and to add breach of contract claims based on alleged violations of certain earn-out and indemnification provisions in the parties’ merger agreement. A bench trial was held in February 2019, and in a January 29, 2020 opinion the court ruled in favor of defendants the Company, Siebel and Schmaier on all claims. The court also awarded defendants their reasonable attorneys’ fees and costs in defending the action. In February 2020, Plaintiffs appealed only the portion of the district court’s ruling related to the alleged breach of contract indemnification claim to the Third Circuit Court of Appeals, seeking damages of approximately $2.5 million. Plaintiffs also seek to overturn the district court’s ruling that defendants are entitled to attorneys’ fees, and contend that plaintiffs instead should recover their attorneys’ fees. No appeal was taken with respect to the ruling in Defendants’ favor on the remaining claims. On February 17, 2021, the Third Circuit affirmed the judgment and orders of the district court in the Company’s and defendants’ favor. The Company intends to seek recovery of its attorneys’ fees and costs as previously awarded by the district court.

Redeemable Convertible Preferre

Redeemable Convertible Preferred Stock and Redeemable Convertible A-1 Common Stock	9 Months Ended
	Jan. 31, 2021
Temporary Equity Disclosure [Abstract]
Redeemable Convertible Preferred Stock and Redeemable Convertible A-1 Common Stock	Redeemable Convertible Preferred Stock and Redeemable Convertible A-1 Common StockUpon completion of the IPO, all 33,628,776 shares of the Company’s outstanding redeemable convertible preferred stock, except the Series A* preferred stock, automatically converted into an equivalent number of shares of Class A common stock on a one-to-one basis and all 3,499,992 shares of the Company’s outstanding redeemable convertible Series A* preferred stock automatically converted into an equivalent number of shares of our Class B common stock on a one-to-one basis. The carrying value of $399.8 million of all classes of the Company’s outstanding redeemable convertible preferred stock was reclassified into stockholders’ equity. Additionally, all 6,666,665 shares of the Company’s outstanding redeemable convertible Class A-1 common stock automatically converted into an equivalent number of shares of Class A common stock on a one-to-one basis and their carrying value of $18.8 million was reclassified into stockholders’ equity. As of January 31, 2021, there were no shares of redeemable convertible preferred stock issued and outstanding. See Note 1 for more information.

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Jan. 31, 2021
Equity [Abstract]
Stockholders' Equity	Stockholders’ Equity Preferred Stock The Company has authorized the issuance of 200,000,000 shares of undesignated preferred stock with a par value of $0.001 per share with rights and preferences, including voting rights, designated from time to time by the board of directors. As of January 31, 2021 there were no shares of Preferred Stock issued or outstanding. Common Stock The Company has authorized the issuance of 1,000,000,000 shares of Class A common stock and 3,500,000 shares of Class B common stock. The shares of Class A common stock and Class B common stock are identical, except with respect to voting, conversion, and transfer rights. Each share of Class A common stock is entitled to one vote. Each share of Class B common stock is entitled to 50 votes. Class A and Class B common stock have a par value of $0.001 per share and are referred to as common stock throughout the notes to the unaudited condensed consolidated financial statements, unless otherwise noted. Holders of common stock are entitled to receive any dividends as may be declared from time to time by the board of directors. Shares of Class B common stock may be converted to Class A common stock at any time at the option of the stockholder. Each share of Class B common stock will be automatically converted into one share of Class A common stock upon the earliest of the following: (i) the date that is six months following the death or incapacity of Mr. Siebel; (ii) the date that is six months following the date that Mr. Siebel is no longer providing services to the Company as an officer, employee, director, or consultant; (iii) December 11, 2040, which is the twentieth anniversary of the completion of the IPO; or (iv) the date specified by the holders of a majority of the then outstanding shares of Class B common stock, voting as a separate class. Future transfers by holders of Class B common stock will generally result in those shares converting to Class A common stock. Common Stock Subject to Repurchase Under the Company’s Amended and Restated 2012 Equity Incentive Plan (the “2012 Incentive Plan”), optionholders are allowed to exercise stock options to purchase Class A common stock prior to vesting. The Company has the right to repurchase at the original purchase price any unvested but outstanding common shares upon termination of service of the optionholder. The consideration received for an early exercise of a stock option is considered to be a deposit of the exercise price and the related amount is recorded as a liability. The net proceeds during the three months ended January 31, 2021 and 2020 and the nine months ended January 31, 2021 and 2020 were $4.5 million, $0.3 million, $6.0 million and $1.6 million, respectively. The liability is reclassified into equity on a ratable basis as the stock options vest. Unvested Class A common stock of 1,300,185 and 663,763 shares as of January 31, 2021 and April 30, 2020, respectively were subject to such repurchase right and are legally issued and outstanding as of each period presented. See Note 9 for more information. Third-Party Stock Transactions In October 2019, the Company announced and completed a tender offer to repurchase Class A common stock of 163,685 shares and vested stock options of 811,189 shares from employees and officers at a price of $30.2310 per share. The repurchase transactions for vested stock options were conducted as net cash settlements where the holders of vested stock options received the difference between the repurchase price and the respective option exercise price. The total net transaction price was $28.5 million. The Company recognized $24.9 million in compensation expense during the nine months ended January 31, 2020 related to the shares repurchased for the difference between the repurchase price and the fair value of the Company’s common stock at the time of repurchase.

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Jan. 31, 2021
Share-based Payment Arrangement [Abstract]
Stock-Based Compensation	Stock-Based CompensationOn June 29, 2012, the Company adopted the 2012 Incentive Plan. The 2012 Incentive Plan provided for the grant of stock-based awards to employees, non-employee directors, and other service providers of the Company. The 2012 Incentive Plan was terminated in December 2020 in connection with the IPO but continues to govern the terms of outstanding awards that were granted prior to the termination of the 2012 Incentive Plan. No further equity awards will be granted under the 2012 Incentive Plan. With the establishment of the 2020 Equity Incentive Plan (the “2020 Incentive Plan”) as further discussed below, upon the expiration, forfeiture, cancellation, or reacquisition of any shares of Class A common stock underlying outstanding stock-based awards granted under the 2012 Plan, an equal number of shares of Class A common stock will become available for grant under the 2020 Plan (the “Returning Shares”). On November 27, 2020, the Company’s board of directors adopted, and its stockholders approved, the 2020 Incentive Plan, which became effective in connection with the IPO. The 2020 Incentive Plan provides for the grant of incentive stock options, nonstatutory stock options, stock appreciation rights, restricted stock awards, RSU awards, performance awards and other equity awards. A total of 67,535,205 shares of the Company’s Class A common stock have been reserved for issuance under the 2020 Incentive Plan in addition to annual automatic evergreen increases in the number of shares of Class A common stock reserved for issuance under the 2020 Incentive Plan. As of January 31, 2021, there were no grants of stock appreciation rights, restricted stock awards, RSU awards, performance awards or other equity awards. On November 27, 2020, the Company’s board of directors also adopted, and its stockholders also approved, the 2020 Employee Stock Purchase Plan (the “2020 ESPP”), which became effective immediately prior to the IPO. The 2020 ESPP authorizes the issuance of shares of common stock pursuant to purchase rights granted to employees. A total of 3,000,000 shares of the Company’s Class A common stock have been reserved for future issuance under the 2020 ESPP in addition to annual automatic evergreen increases in the number of shares of Class A common stock reserved for issuance under the 2020 ESPP. The 2020 ESPP permits participants to purchase shares of common stock of up to 15% of their earnings. The offering dates and purchase dates for the 2020 ESPP are determined at the discretion of the Company’s board of directors. As of January 31, 2021, the Company had not yet launched its 2020 ESPP. Stock Options to Acquire Class A Common Stock These stock options generally expire 10 years from the date of grant, or earlier if services are terminated. Generally, each stock option for common stock is subject to a vesting schedule that, one fifth of the award vests after the first-year anniversary, and one-sixtieth of the award vests each month thereafter over the remaining four years, subject to continuous service. As of January 31, 2021, the remaining shares of Class A common available for issuance under the 2020 Incentive Plan was 67,535,205 shares. A summary of the Company’s option activity during the periods indicated was as follows: Options Outstanding Number of Weighted Weighted Aggregate (in thousands) (in thousands) Balance as of April 30, 2020 32,877 $ 3.48 8.03 $ 116,962 Options granted 14,415 11.12 Options exercised (4,563) 3.06 Options cancelled (2,559) 5.55 Balance as of January 31, 2021 40,170 $ 6.13 8.05 $ 449,073 Vested and exercisable as of January 31, 2021 12,799 $ 3.01 6.45 $ 180,395 Vested and expected to vest as of January 31, 2021 41,161 $ 6.12 8.07 $ 460,444 The weighted average grant date fair value of options granted during the nine months ended January 31, 2021 was $6.01. Aggregate intrinsic value represents the difference between the estimated fair value of the underlying common stock and the exercise price of outstanding in-the-money options. The total intrinsic value of options exercised during the nine months ended January 31, 2021 was $52.4 million. The total grant date fair value of options vested during the nine months ended January 31, 2021 was $10.6 million. As of January 31, 2021, there was $104.0 million of unrecognized compensation cost related to stock options which are expected to be recognized over an estimated weighted-average period of 4.2 years. The grant-date fair value of the options issued for the nine months ended January 31, 2021 is estimated on the date of grant using the Black-Scholes-Merton option pricing model. The weighted average assumptions underlying the fair value estimation are provided in the following table: Nine Months Ended January 31, 2021 Valuation assumptions: Expected dividend yield 0.0 % Expected volatility 43.8 % Expected term (years) 6.3 Risk-free interest rate 0.43 % The following table summarizes the effects of stock-based compensation on the Company’s consolidated statements of operations (in thousands): Three Months Ended January 31, Nine Months Ended January 31, 2021 2020 2021 2020 Cost of subscription $ 214 $ 104 $ 557 $ 246 Cost of professional services 164 30 301 93 Sales and marketing 2,790 613 5,835 1,894 Research and development 846 308 1,952 910 General and administrative 2,575 1,006 5,625 2,281 Total stock-based compensation expense $ 6,589 $ 2,061 $ 14,270 $ 5,424 Shareholder Loan

Income Taxes

Income Taxes	9 Months Ended
	Jan. 31, 2021
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Accounting for income taxes for interim periods generally requires the provision for income taxes to be determined by applying an estimate of the annual effective tax rate for the full fiscal year to income or loss before income taxes, adjusted for discrete items, if any, for the reporting period. The Company updates its estimate of the annual effective tax rate each quarter and makes a cumulative adjustment in such period. The Company recorded income tax expense of $0.2 million, $0.1 million, $0.5 million and $0.3 million for the three months ended January 31, 2021 and 2020 and the nine months ended January 31, 2021 and 2020, respectively. Income tax expense consists primarily of income taxes in foreign jurisdictions in which the Company conducts business. Due to the Company’s history of losses in the United States, a full valuation allowance on substantially all of the Company’s deferred tax assets, including net operating loss carryforwards, research and development tax credits, and other book versus tax differences, was maintained.

Net Loss Per Share Attributable

Net Loss Per Share Attributable to Common Stockholders	9 Months Ended
	Jan. 31, 2021
Earnings Per Share [Abstract]
Net Loss Per Share Attributable to Common Stockholders	Net Loss Per Share Attributable to Common Stockholders Basic and diluted net loss per share attributable to common stockholders is presented in conformity with the two-class method required for participating securities. Class A and B common shares have identical liquidation and distribution rights. Prior to the automatic conversion of all shares of redeemable convertible Class A-1 common stock into Class A common stock upon the completion of the IPO, the shares of redeemable convertible Class A-1 common stock had a liquidation preference, but were legal form common stock and participated in losses equally with all common stockholders. Prior to the automatic conversion of all of its redeemable convertible preferred stock outstanding into Class A and Class B common stock upon the completion of the IPO, the Company considered all redeemable convertible preferred stock to be participating securities because they participated in any dividends declared on the Company’s common stock on an as-if-converted basis. Redeemable convertible preferred stock did not participate in the net loss per share with common stockholders as the holders of the convertible preferred did not have a contractual obligation to share in the Company’s losses. Accordingly, under the two-class method, the net loss is not allocated to the redeemable convertible preferred stock such that the resulting net loss for all periods presented was allocated on a proportionate basis to shares of Class A, Class A-1, and Class B common stock for the number of days that each class was issued and outstanding during the period. Basic net loss per share attributable to common stockholders is computed by dividing the net loss by the weighted-average number of shares of common stock outstanding during the period, less shares subject to repurchase. Diluted net loss per share attributable to common stockholders is computed by giving effect to all potential dilutive common stock equivalents outstanding for the period to the extent they are dilutive. For purposes of this calculation, the convertible preferred, stock options, and early exercised stock options subject to repurchase are considered to be potential common stock equivalents but have been excluded from the calculation of diluted net loss per share attributable to common stockholders as their effect is anti-dilutive for all periods presented. Basic net loss per share was the same as diluted net loss per share for the periods presented because the Company was in a loss position for the quarters ended January 31, 2021 and 2020 and the years ended April 30, 2020 and 2019. The following table sets forth the computation of basic and diluted net loss per share attributable to common stockholders (in thousands, except per share data): Three Months Ended January 31, Nine Months Ended January 31, 2021 2020 2021 2020 Numerator Net loss attributable to common stockholders $ (16,852) $ (9,796) $ (31,646) $ (38,944) Denominator Basic and diluted weighted-average Class A common shares outstanding 68,648 30,132 43,481 28,478 Basic and diluted weighted-average Class A-1 common shares outstanding 6,667 6,667 6,667 6,667 Basic and diluted weighted-average Class B common shares outstanding 3,500 — 3,500 — Basic and diluted net loss per share attributable to common stockholders Basic and diluted net loss per Class A common shares outstanding $ (0.23) $ (0.27) $ (0.64) $ (1.11) Basic and diluted net loss per Class A-1 common shares outstanding $ (0.10) $ (0.27) $ (0.52) $ (1.11) Basic and diluted net loss per Class B common shares outstanding $ (0.13) $ — $ (0.12) $ — The potential shares of common stock that were excluded from the computation of diluted net loss per share attributable to common stockholders for the period presented because including them would have had an antidilutive effect were as follows: As of January 31, 2021 2020 Convertible preferred stock Series A* — 3,499,992 Series B* — 4,559,999 Series B-1A* — 2,430,635 Series B-1B* — 92,769 Series C* — 2,779,738 Series D — 12,278,422 Series E — 540,003 Series F — 5,399,581 Series G — 3,893,701 Series H — 1,653,928 Stock options 41,286,541 33,848,199

Related Party Transactions

Related Party Transactions	9 Months Ended
	Jan. 31, 2021
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions Shareholder Loan In January 2018, the Company issued 1,251,921 shares of Series F Preferred Stock in exchange for a non-recourse promissory note to Thomas M. Siebel, the Company’s CEO, in the amount of $24.5 million. The promissory note has a term of five years with the ability to renew for up to four successive one year periods and bears interest at a rate of 2.18% per annum, compounded annually. In September 2020, Mr. Siebel paid the outstanding promissory note in full including accrued interest in the total amount of $26.0 million. Refer to Note 9 for more information. Secondary Transactions In October 2019, two secondary transactions occurred for total proceeds of $50.0 million each. The CEO sold 1,685,979 shares of Series D preferred and 193,489 shares of Series E preferred, each at a price of $26.6034 per share, to an existing stockholder. Additionally, the CEO sold 584,795 shares of Series C* preferred, 825,012 shares of Series D preferred, and 673,526 shares of redeemable convertible Class A-1 common stock at a price of $24.0000 per share to an existing stockholder. Stock-based compensation expense was not recognized in connection with these secondary transactions as the purchase price was equal to fair value in respect of the redemption and liquidation features of the shares sold at the time of sale. In October 2019, the Company also completed a tender offer to repurchase Class A common stock and vested stock options from employees, including officers, at a price of $30.2310 per share. Refer to Note 8 for more information. Revenue Transactions with Baker Hughes Company In June 2019, the Company entered into multiple agreements with Baker Hughes Company (“Baker Hughes”) under which Baker Hughes received a three-year subscription to use the Company’s software. These agreements were revised in June 2020 to extend the term to five years and modify the subscription fees due. Under the revised agreements, Baker Hughes has made minimum, non-cancelable revenue commitments, which are inclusive of their direct subscription fees and third party revenue generated through the joint marketing arrangement with Baker Hughes, in the amount of $46.7 million in fiscal year 2020, $53.3 million in fiscal year 2021, $75.0 million in fiscal year 2022, $125.0 million in fiscal year 2023, and $150.0 million in fiscal year 2024. During the nine months ended January 31, 2021, the Company recognized total revenue of $21.6 million related to this arrangement. For future periods, any shortfalls against the total annual revenue commitment made to us by Baker Hughes will be assessed and recorded at the end of the fourth quarter of each fiscal year. Under the joint marketing arrangement, the Company is obligated to pay the Baker Hughes a sales commission on subscriptions and services offerings it resells in excess of these minimum revenue commitments. The Company did not incur any sales commission related to this arrangement during the three months ended January 2021 and 2020 and the nine months ended January 2021 and 2020. The Company recognized subscription revenue from direct subscription fees from Baker Hughes $8.0 million and $9.9 million during the three months ended January 31, 2021 and 2020 and $21.6 million and $30.6 million for the nine months ended January 31, 2021 and 2020, respectively. As of January 31, 2021 and April 30, 2020, accounts receivable, net included $1.0 million and $0.2 million and deferred revenue, current included $9.4 million and $1.5 million associated with Baker Hughes, respectively.

Summary of Business and Signi_2

Summary of Business and Significant Accounting Policies (Policies)	9 Months Ended
	Jan. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation and Principles of Consolidation The Company prepares its unaudited condensed consolidated financial statements in accordance with generally accepted accounting principles in the United States, or GAAP, and applicable rules and regulations of the U.S. Securities and Exchange Commission (the “SEC”) regarding interim financial reporting. Accordingly, they do not include all disclosures normally required in annual consolidated financial statements prepared in accordance with GAAP. Therefore, these unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes included in the Company’s final prospectus dated December 8, 2020, and filed with the SEC pursuant to Rule 424(b)(4) on December 9, 2020 (the “Final Prospectus”). In management’s opinion, these unaudited condensed consolidated financial statements have been prepared on the same basis as the annual financial statements and reflect all adjustments, which include only normal recurring adjustments necessary for the fair statement of the Company’s financial position as of January 31, 2021, and the results of operations for the three and nine months ended January 31, 2021. The results of operations for the three and nine months ended January 31, 2021, are not necessarily indicative of the results to be expected for the full year or any other future interim or annual period.
Principles of Consolidation	The condensed consolidated financial statements include the accounts of C3.ai, Inc. and its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation.
Use of Estimates	Use of Estimates The preparation of the accompanying unaudited condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions about future events. These estimates and the underlying assumptions affect the amounts of assets and liabilities reported, disclosures about contingent assets and liabilities, and reported amounts of revenue and expenses. Actual results and outcomes could differ significantly from the Company’s estimates, judgments, and assumptions. Significant estimates include determining standalone selling price for performance obligations in contracts with customers and estimating variable consideration, the estimated expected benefit period for deferred contract acquisition costs, the useful lives of long-lived assets, the value of common stock and other assumptions used to measure stock-based compensation, and the valuation of deferred income tax assets and uncertain tax positions. These estimates and assumptions are based on management’s best estimates and judgment. Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors, including the current economic environment, which management believes to be reasonable under the circumstances. The Company adjusts such estimates and assumptions when facts and circumstances dictate. Changes in those estimates resulting from continuing changes in the economic environment will be reflected in the financial statements in future periods. As future events and their effects cannot be determined with precision, actual results could materially differ from those estimates and assumptions.
Fiscal Year	Fiscal YearThe Company’s fiscal year ends on April 30.
Concentration of Risk	Concentration of Risk Financial instruments that potentially subject the Company to concentration of credit risk consist of cash and cash equivalents, investments and accounts receivable. The majority of the Company’s cash and cash equivalents are held by one financial institution. The Company is exposed to that financial institution to the extent that its cash balance with that financial
Recent Accounting Pronouncements	Recent Accounting Pronouncements The Company currently qualifies as an “emerging growth company” under the Jumpstart Our Business Startups Act of 2012, or the JOBS Act. Accordingly, the Company is provided the option to adopt new or revised accounting guidance either (1) within the same periods as those otherwise applicable to public business entities or (2) within the same time periods as private companies, including early adoption when permissible. The Company has elected to adopt new or revised accounting guidance within the same time period as private companies. Other than policies noted below, there have been no significant changes to the accounting policies disclosed in Note 1 of the audited consolidated financial statements as of and for the years ended April 30, 2020 and 2019 included in the Final Prospectus. Recently Adopted Accounting Standards —In June 2016, the FASB issued ASU 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments , which requires a financial asset measured at amortized cost basis to be presented at the net amount expected to be collected. Credit losses relating to available-for-sale debt securities should be recorded through an allowance for credit losses. The guidance also limits the amount of credit losses to be recognized for available-for-sale debt securities to the amount by which carrying value exceeds fair value and requires the reversal of previously recognized credit losses if fair value increases. The guidance is effective for the fiscal year beginning May 1, 2023 with early adoption permitted. The Company early adopted the guidance as of May 1, 2020 using a prospective transition method. Adoption of this guidance did not have a material impact to the Company’s consolidated financial statements and related disclosures. In January 2017, the FASB issued ASU No. 2017-04, Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment. ASU 2018-04 simplifies how an entity is required to test goodwill for impairment by eliminating Step 2 from the goodwill impairment test. The guidance is effective for the fiscal year beginning May 1, 2023 with early adoption permitted. The Company early adopted the guidance as of May 1, 2020 using a prospective transition method. Adoption of this guidance did not have a material impact to the Company’s consolidated financial statements and related disclosures. In July 2017, the FASB issued ASU No. 2017-11, Earnings Per Share (Topic 260), Distinguishing Liabilities from Equity (Topic 480), Derivatives and Hedging (Topic 815) I. Accounting for Certain Financial Instruments with Down Round Features II. Replacement of the Indefinite Deferral for Mandatorily Redeemable Financial Instruments of Certain Nonpublic Entities and Certain Mandatorily Redeemable Noncontrolling Interests with a Scope Exception . Part I of this standard applies to entities that issue financial instruments such as warrants, convertible debt or redeemable convertible preferred stock that contain down-round features. Part II of this standard replaces the indefinite deferral for certain mandatorily redeemable noncontrolling interests and mandatorily redeemable financial instruments of nonpublic entities contained within ASC Topic 480 with a scope exception and does not impact the accounting for these mandatorily redeemable instruments. The Company adopted the guidance as of May 1, 2020 using a prospective transition method. Adoption of this guidance did not have a material impact to the Company’s consolidated financial statements and related disclosures. In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement , which modifies the disclosure requirements on fair value measurements with respect to Level 3 rollforwards, timing of liquidation of investments in certain entities that calculate net asset value, and measurement uncertainty. The Company adopted the guidance as of May 1, 2020 using a prospective transition method. Adoption of this guidance did not have a material impact to the Company’s consolidated financial statements and related disclosures. Recently Issued Accounting Standards Not Yet Adopted —In August 2018, the FASB issued ASU 2018-15, Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement that is a Service Contract , which requires a customer in a cloud computing arrangement that is a service contract to follow the internal-use software guidance in ASC 350-40 to determine which implementation costs to defer and recognize as an asset. The guidance is effective for the fiscal year

Revenue (Tables)

Revenue (Tables)	9 Months Ended
	Jan. 31, 2021
Revenue from Contract with Customer [Abstract]
Schedule of Revenue by Geographical Region	The following table presents revenue by geographical region (in thousands): For the three months ended January 31, For the nine months ended January 31, 2021 2020 2021 2020 North America (1) $ 29,488 $ 33,274 $ 86,100 $ 90,392 Europe, the Middle East and Africa (1) 17,141 7,447 39,922 23,809 Asia Pacific (1) 1,655 562 4,086 847 Rest of World (1) 825 — 825 — Total revenue $ 49,109 $ 41,283 $ 130,933 $ 115,048 __________________ (1) The United States comprised 60%, 81%, 65% and 79% of the Company’s revenue in the three months ended January 31, 2021 and 2020 and the nine months ended January 31, 2021 and 2020, respectively. France comprised 12%, 10%, 12% and 10% of the Company’s revenue in the three months ended January 31, 2021 and 2020 and the nine months ended January 31, 2021 and 2020, respectively. No other country comprised 10% or greater of the Company’s revenue for each of the three and nine months ended January 31, 2021 and 2020.
Schedule of Deferred Revenue Balance and Changes in Deferred Revenues Balances	The following table reflects the deferred revenue balance (in thousands): As of January 31, As of April 30, 2021 2020 Deferred revenue, current $ 59,950 $ 53,537 Deferred revenue, non-current 2,360 6,758 Total deferred revenue $ 62,310 $ 60,295 Significant changes in the deferred revenue balances during the nine months ended January 31, 2021 and 2020 were as follows (in thousands): Deferred Revenue April 30, 2020 $ 60,295 Performance obligations satisfied during the period that were included in the deferred revenue balance at the beginning of the year (53,086) Increases due to invoicing prior to satisfaction of performance obligations 55,101 January 31, 2021 $ 62,310 Deferred Revenue April 30, 2019 $ 91,225 Performance obligations satisfied during the period that were included in the deferred revenue balance at the beginning of the year $ (72,677) Increases due to invoicing prior to satisfaction of performance obligations $ 52,345 January 31, 2020 $ 70,893

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Jan. 31, 2021
Fair Value Disclosures [Abstract]
Schedule of Assets Measured at Fair Value on a Recurring Basis	The following table summarizes the types of assets measured at fair value on a recurring basis by level within the fair value hierarchy (in thousands): As of January 31, 2021 As of April 30, 2020 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Money market funds $ 900,292 $ — $ — $ 900,292 $ 10,260 $ — $ — $ 10,260 U.S. treasury securities — 158,377 — 158,377 — 11,500 — 11,500 Certificate of deposit — 3,503 — 3,503 — 28,477 — 28,477 U.S. government agencies securities — — — — — 10,074 — 10,074 Commercial paper — 2,000 — 2,000 — 94,397 — 94,397 Corporate debt securities — — — — — 68,425 — 68,425 $ 900,292 $ 163,880 $ — $ 1,064,172 $ 10,260 $ 212,873 $ — $ 223,133

Investments (Tables)

Investments (Tables)	9 Months Ended
	Jan. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Schedule of Available-For-Sale Debt Securities and Balance Sheet Classification	The following table summarizes the Company’s available-for-sale marketable securities (in thousands): As of January 31, 2021 As of April 30, 2020 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Money market funds $ 900,292 $ — $ — $ 900,292 $ 10,260 $ — $ — $ 10,260 U.S. treasury securities $ 158,366 $ 11 $ — $ 158,377 11,489 11 $ — 11,500 Certificate of deposit $ 3,500 $ 3 $ — $ 3,503 28,476 1 $ — 28,477 U.S. government agencies securities $ — $ — $ — $ — 9,995 79 $ — 10,074 Commercial paper $ 1,999 $ 1 $ 2,000 94,242 155 $ — 94,397 Corporate debt securities $ — $ — $ — $ — 68,246 179 $ — 68,425 $ 1,064,157 $ 15 $ — $ 1,064,172 $ 222,708 $ 425 $ — $ 223,133 The following table summarizes the classification of the Company’s available-for-sale investment securities in the Company’s consolidated balance sheets (in thousands): As of January 31, As of April 30, 2021 2020 Cash and cash equivalents $ 901,292 $ 11,259 Short-term investments 162,880 211,874 Long-term investments — — Total $ 1,064,172 $ 223,133
Summary of Available-For-Sale Debt Securities by Contractual Maturity	The following table summarizes the Company’s available-for-sale debt securities by contractual maturity (in thousands): As of January 31, 2021 As of April 30, 2020 Amortized Cost Fair Value Amortized Cost Fair Value Within one year $ 163,865 $ 163,880 $ 212,449 $ 212,873 After one year through five years — — — — Total $ 163,865 $ 163,880 $ 212,449 $ 212,873
Summary of Available-For-Sale Marketable Securities, Fair Values and Unrealized Losses	The following table summarizes the fair values and unrealized losses of the Company’s available-for-sale marketable securities classified by length of time that the securities have been in a continuous unrealized loss position but were not deemed to be other-than-temporarily impaired, as of April 30, 2020 (in thousands): As of April 30, 2020 Less Than 12 Months 12 Months or Greater Total Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value U.S. treasury securities $ — $ — $ — $ — $ — $ — U.S. government agencies securities — — — — — — Certificate of deposit (7) 10,995 — — (7) 10,995 Commercial paper (5) 18,495 — — (5) 18,495 Corporate debt securities (14) 14,921 — — (14) 14,921 Total $ (26) $ 44,411 $ — $ — $ (26) $ 44,411

Balance Sheet Details (Tables)

Balance Sheet Details (Tables)	9 Months Ended
	Jan. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Property and Equipment	Property and equipment consisted of the following at January 31, 2021 and April 30, 2020 (in thousands): Useful Life As of January 31, As of April 30, (in months) 2021 2020 Leasehold improvements * $ 8,636 $ 8,215 Computer equipment 36 2,655 2,028 Office furniture and equipment 60 385 339 Property and equipment-gross 11,676 10,582 Less accumulated depreciation (4,832) (1,859) Property and equipment—net $ 6,844 $ 8,723 __________________ * Leasehold improvements are amortized over the shorter of the estimated useful lives of the improvements or the remaining lease term.
Schedule of Accrued Compensation and Employee Benefits	Accrued compensation and employee benefits consisted of the following at January 31, 2021 and April 30, 2020 (in thousands): As of January 31, As of April 30, 2021 2020 Accrued bonus $ 9,159 $ 8,356 Accrued vacation 3,596 2,823 Accrued payroll taxes and benefits 3,841 1,397 Accrued commission 732 515 Accrued salaries 668 602 Accrued compensation and employee benefits $ 17,996 $ 13,693

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Jan. 31, 2021
Share-based Payment Arrangement [Abstract]
Summary of Stock Option Activity	A summary of the Company’s option activity during the periods indicated was as follows: Options Outstanding Number of Weighted Weighted Aggregate (in thousands) (in thousands) Balance as of April 30, 2020 32,877 $ 3.48 8.03 $ 116,962 Options granted 14,415 11.12 Options exercised (4,563) 3.06 Options cancelled (2,559) 5.55 Balance as of January 31, 2021 40,170 $ 6.13 8.05 $ 449,073 Vested and exercisable as of January 31, 2021 12,799 $ 3.01 6.45 $ 180,395 Vested and expected to vest as of January 31, 2021 41,161 $ 6.12 8.07 $ 460,444
Schedule of Valuation Assumptions	The weighted average assumptions underlying the fair value estimation are provided in the following table: Nine Months Ended January 31, 2021 Valuation assumptions: Expected dividend yield 0.0 % Expected volatility 43.8 % Expected term (years) 6.3 Risk-free interest rate 0.43 %
Summary of Effects of Stock-Based Compensation	The following table summarizes the effects of stock-based compensation on the Company’s consolidated statements of operations (in thousands): Three Months Ended January 31, Nine Months Ended January 31, 2021 2020 2021 2020 Cost of subscription $ 214 $ 104 $ 557 $ 246 Cost of professional services 164 30 301 93 Sales and marketing 2,790 613 5,835 1,894 Research and development 846 308 1,952 910 General and administrative 2,575 1,006 5,625 2,281 Total stock-based compensation expense $ 6,589 $ 2,061 $ 14,270 $ 5,424

Net Loss Per Share Attributab_2

Net Loss Per Share Attributable to Common Stockholders (Tables)	9 Months Ended
	Jan. 31, 2021
Earnings Per Share [Abstract]
Schedule of Basic and Diluted Net Loss Per Share	The following table sets forth the computation of basic and diluted net loss per share attributable to common stockholders (in thousands, except per share data): Three Months Ended January 31, Nine Months Ended January 31, 2021 2020 2021 2020 Numerator Net loss attributable to common stockholders $ (16,852) $ (9,796) $ (31,646) $ (38,944) Denominator Basic and diluted weighted-average Class A common shares outstanding 68,648 30,132 43,481 28,478 Basic and diluted weighted-average Class A-1 common shares outstanding 6,667 6,667 6,667 6,667 Basic and diluted weighted-average Class B common shares outstanding 3,500 — 3,500 — Basic and diluted net loss per share attributable to common stockholders Basic and diluted net loss per Class A common shares outstanding $ (0.23) $ (0.27) $ (0.64) $ (1.11) Basic and diluted net loss per Class A-1 common shares outstanding $ (0.10) $ (0.27) $ (0.52) $ (1.11) Basic and diluted net loss per Class B common shares outstanding $ (0.13) $ — $ (0.12) $ —
Schedule of Potential Shares of Common Stock Excluded from Computation of Basic and Diluted Net Loss Per Share	The potential shares of common stock that were excluded from the computation of diluted net loss per share attributable to common stockholders for the period presented because including them would have had an antidilutive effect were as follows: As of January 31, 2021 2020 Convertible preferred stock Series A* — 3,499,992 Series B* — 4,559,999 Series B-1A* — 2,430,635 Series B-1B* — 92,769 Series C* — 2,779,738 Series D — 12,278,422 Series E — 540,003 Series F — 5,399,581 Series G — 3,893,701 Series H — 1,653,928 Stock options 41,286,541 33,848,199

Summary of Business and Signi_3

Summary of Business and Significant Accounting Policies (Details) $ / shares in Units, $ in Millions	1 Months Ended
	Dec. 31, 2020USD ($)$ / sharesshares	Nov. 30, 2020shares	Jan. 31, 2021shares	Apr. 30, 2020shares
Subsidiary, Sale of Stock [Line Items]
Reverse stock split ratio, common stock		0.1667
Deferred offering costs reclassified into stockholders' equity as a reduction of the IPO proceeds | $	$ 7.2
IPO
Subsidiary, Sale of Stock [Line Items]
Net proceeds received | $	694.6
Private Placement
Subsidiary, Sale of Stock [Line Items]
Net proceeds received | $	$ 150
Class A Common Stock
Subsidiary, Sale of Stock [Line Items]
Common stock, shares authorized (in shares)		390,000,000	1,000,000,000	390,000,000
Class A Common Stock | IPO
Subsidiary, Sale of Stock [Line Items]
Sale of stock, number of shares issued (in shares)	17,825,000
Sale of stock, shares issued, price per share (in dollars per share) | $ / shares	$ 42
Class A Common Stock | Over-Allotment Option
Subsidiary, Sale of Stock [Line Items]
Sale of stock, number of shares issued (in shares)	2,325,000
Class A Common Stock | Private Placement
Subsidiary, Sale of Stock [Line Items]
Sale of stock, shares issued, price per share (in dollars per share) | $ / shares	$ 42
Class A Common Stock | Private Placement | Spring Creek Capital LLC
Subsidiary, Sale of Stock [Line Items]
Sale of stock, number of shares issued (in shares)	2,380,952
Class A Common Stock | Private Placement | Microsoft Corporation
Subsidiary, Sale of Stock [Line Items]
Sale of stock, number of shares issued (in shares)	1,190,476
Redeemable Convertible Class A-1 Common Stock
Subsidiary, Sale of Stock [Line Items]
Shares authorized (in shares)		6,666,667	0	6,666,667
Conversion of stock, converted (in shares)	6,666,665
Conversion ratio	1
Class B Common Stock
Subsidiary, Sale of Stock [Line Items]
Common stock, shares authorized (in shares)		21,000,000	3,500,000	21,000,000
Preferred Stock
Subsidiary, Sale of Stock [Line Items]
Shares authorized (in shares)		233,107,379	0	233,107,379
Redeemable Convertible Preferred Stock, Excluding Series A Preferred Stock
Subsidiary, Sale of Stock [Line Items]
Conversion of stock, converted (in shares)	33,628,776
Conversion ratio	1
Convertible Preferred Stock, Series A
Subsidiary, Sale of Stock [Line Items]
Conversion of stock, converted (in shares)	3,499,992
Conversion ratio	1

Revenue - Disaggregated Revenue

Revenue - Disaggregated Revenue by Geographic Region (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2021	Jan. 31, 2020
Disaggregation of Revenue [Line Items]
Total revenue	$ 49,109	$ 41,283	$ 130,933	$ 115,048
North America
Disaggregation of Revenue [Line Items]
Total revenue	29,488	33,274	86,100	90,392
Europe, the Middle East and Africa
Disaggregation of Revenue [Line Items]
Total revenue	17,141	7,447	39,922	23,809
Asia Pacific
Disaggregation of Revenue [Line Items]
Total revenue	1,655	562	4,086	847
Rest of World
Disaggregation of Revenue [Line Items]
Total revenue	$ 825	$ 0	$ 825	$ 0
United States | Revenue | Geographic Concentration Risk
Disaggregation of Revenue [Line Items]
Geographic concentration risk, percentage	60.00%	81.00%	65.00%	79.00%
France | Revenue | Geographic Concentration Risk
Disaggregation of Revenue [Line Items]
Geographic concentration risk, percentage	12.00%	10.00%	12.00%	10.00%

Revenue - Deferred Revenue Bala

Revenue - Deferred Revenue Balance (Details) - USD ($) $ in Thousands		Jan. 31, 2021	Apr. 30, 2020	Jan. 31, 2020	Apr. 30, 2019
Revenue from Contract with Customer [Abstract]
Deferred revenue, current	[1]	$ 59,950	$ 53,537
Deferred revenue, non-current		2,360	6,758
Total deferred revenue		$ 62,310	$ 60,295	$ 70,893	$ 91,225
[1]	Including amounts from a related party of $9,358 and $1,499 as of January 31, 2021 and April 30, 2020, respectively.

Revenue - Changes in Deferred R

Revenue - Changes in Deferred Revenue (Details) - USD ($) $ in Thousands	9 Months Ended
	Jan. 31, 2021	Jan. 31, 2020
Change In Contract With Customer, Liability [Roll Forward]
Beginning Balance	$ 60,295	$ 91,225
Performance obligations satisfied during the period that were included in the deferred revenue balance at the beginning of the year	(53,086)	(72,677)
Increases due to invoicing prior to satisfaction of performance obligations	55,101	52,345
Ending Balance	$ 62,310	$ 70,893

Revenue - Remaining Performance

Revenue - Remaining Performance Obligation (Details) $ in Millions	Jan. 31, 2021USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue expected to be recognized from remaining performance obligations, amount	$ 247.5
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-02-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue expected to be recognized from remaining performance obligations, amount	$ 131.1
Revenue expected to be recognized from remaining performance obligations, period	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-02-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue expected to be recognized from remaining performance obligations, period

Revenue - Customer Concentratio

Revenue - Customer Concentration and Accounts Receivable (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2021	Jan. 31, 2020	Apr. 30, 2020
Disaggregation of Revenue [Line Items]
Unbilled receivables	$ 0.6		$ 0.6		$ 0.5
Customer Concentration Risk | Revenue | Customer One
Disaggregation of Revenue [Line Items]
Customer concentration risk, percentage	16.00%	24.00%	16.00%	27.00%
Customer Concentration Risk | Revenue | Customer Two
Disaggregation of Revenue [Line Items]
Customer concentration risk, percentage	12.00%	10.00%	12.00%	10.00%
Customer Concentration Risk | Accounts Receivable | Customer One
Disaggregation of Revenue [Line Items]
Customer concentration risk, percentage			21.00%		33.00%
Customer Concentration Risk | Accounts Receivable | Customer Two
Disaggregation of Revenue [Line Items]
Customer concentration risk, percentage			13.00%		19.00%
Customer Concentration Risk | Accounts Receivable | Customer Three
Disaggregation of Revenue [Line Items]
Customer concentration risk, percentage			11.00%		15.00%

Fair Value Measurements - Asset

Fair Value Measurements - Assets Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Jan. 31, 2021	Apr. 30, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash, cash equivalents and available-for-sale debt securities	$ 1,064,172	$ 223,133
U.S. treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale marketable securities	158,377	11,500
Certificate of deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale marketable securities	3,503	28,477
U.S. government agencies securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale marketable securities	0	10,074
Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale marketable securities	2,000	94,397
Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale marketable securities	0	68,425
Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash, cash equivalents and available-for-sale debt securities	1,064,172	223,133
Fair Value, Recurring | Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents, fair value	900,292	10,260
Fair Value, Recurring | U.S. treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale marketable securities	158,377	11,500
Fair Value, Recurring | Certificate of deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale marketable securities	3,503	28,477
Fair Value, Recurring | U.S. government agencies securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale marketable securities	0	10,074
Fair Value, Recurring | Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale marketable securities	2,000	94,397
Fair Value, Recurring | Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale marketable securities	0	68,425
Fair Value, Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash, cash equivalents and available-for-sale debt securities	900,292	10,260
Fair Value, Recurring | Level 1 | Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents, fair value	900,292	10,260
Fair Value, Recurring | Level 1 | U.S. treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale marketable securities	0	0
Fair Value, Recurring | Level 1 | Certificate of deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale marketable securities	0	0
Fair Value, Recurring | Level 1 | U.S. government agencies securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale marketable securities	0	0
Fair Value, Recurring | Level 1 | Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale marketable securities	0	0
Fair Value, Recurring | Level 1 | Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale marketable securities	0	0
Fair Value, Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash, cash equivalents and available-for-sale debt securities	163,880	212,873
Fair Value, Recurring | Level 2 | Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents, fair value	0	0
Fair Value, Recurring | Level 2 | U.S. treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale marketable securities	158,377	11,500
Fair Value, Recurring | Level 2 | Certificate of deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale marketable securities	3,503	28,477
Fair Value, Recurring | Level 2 | U.S. government agencies securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale marketable securities	0	10,074
Fair Value, Recurring | Level 2 | Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale marketable securities	2,000	94,397
Fair Value, Recurring | Level 2 | Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale marketable securities	0	68,425
Fair Value, Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash, cash equivalents and available-for-sale debt securities	0	0
Fair Value, Recurring | Level 3 | Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents, fair value	0	0
Fair Value, Recurring | Level 3 | U.S. treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale marketable securities	0	0
Fair Value, Recurring | Level 3 | Certificate of deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale marketable securities	0	0
Fair Value, Recurring | Level 3 | U.S. government agencies securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale marketable securities	0	0
Fair Value, Recurring | Level 3 | Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale marketable securities	0	0
Fair Value, Recurring | Level 3 | Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale marketable securities	$ 0	$ 0

Investments - Available-for-Sal

Investments - Available-for-Sale Marketable Securities (Details) - USD ($) $ in Thousands	Jan. 31, 2021	Apr. 30, 2020	Jan. 31, 2020
Debt Securities, Available-for-sale [Line Items]
Cash and cash equivalents	$ 960,122	$ 33,104	$ 50,343
Gross Unrealized Gains	15	425
Gross Unrealized Losses	0	0
Cash, cash equivalents and available-for-sale debt securities, amortized cost	1,064,157	222,708
Cash, cash equivalents and available-for-sale debt securities	1,064,172	223,133
Money market funds
Debt Securities, Available-for-sale [Line Items]
Cash and cash equivalents	900,292	10,260
U.S. treasury securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	158,366	11,489
Gross Unrealized Gains	11	11
Gross Unrealized Losses	0	0
Estimated Fair Value	158,377	11,500
Certificate of deposit
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	3,500	28,476
Gross Unrealized Gains	3	1
Gross Unrealized Losses	0	0
Estimated Fair Value	3,503	28,477
U.S. government agencies securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	0	9,995
Gross Unrealized Gains	0	79
Gross Unrealized Losses	0	0
Estimated Fair Value	0	10,074
Commercial paper
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	1,999	94,242
Gross Unrealized Gains	1	155
Gross Unrealized Losses		0
Estimated Fair Value	2,000	94,397
Corporate debt securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	0	68,246
Gross Unrealized Gains	0	179
Gross Unrealized Losses	0	0
Estimated Fair Value	$ 0	$ 68,425

Investments - Available-for-S_2

Investments - Available-for-Sale Investment Securities in Balance Sheet (Details) - USD ($) $ in Thousands	Jan. 31, 2021	Apr. 30, 2020
Debt Securities, Available-for-sale [Line Items]
Total	$ 1,064,172	$ 223,133
Cash and cash equivalents
Debt Securities, Available-for-sale [Line Items]
Total	901,292	11,259
Short-term investments
Debt Securities, Available-for-sale [Line Items]
Total	162,880	211,874
Long-term investments
Debt Securities, Available-for-sale [Line Items]
Total	$ 0	$ 0

Investments - Narrative (Detail

Investments - Narrative (Details)	1 Months Ended	3 Months Ended		9 Months Ended		12 Months Ended
	Nov. 30, 2020USD ($)	Jan. 31, 2021USD ($)investment	Jan. 31, 2020USD ($)	Jan. 31, 2021USD ($)investment	Jan. 31, 2020USD ($)	Apr. 30, 2020USD ($)investment
Investments, Debt and Equity Securities [Abstract]
Cash		$ 58,800,000		$ 58,800,000		$ 21,800,000
Number of investment positions in unrealized loss position | investment		0		0		16
Other-than-temporary impairment loss				$ 0		$ 0
Non-marketable equity securities, proceeds from sale	$ 700,000			725,000	$ 0
Non-marketable equity securities, cost						$ 700,000
Non-marketable equity securities, impairment		$ 0	$ 0	$ 0	$ 0

Investments - Available-for Sal

Investments - Available-for Sale Debt Securities by Contractual Maturity (Details) - Debt Securities, Available-For-Sale, Excluding Money Market Accounts - USD ($) $ in Thousands	Jan. 31, 2021	Apr. 30, 2020
Debt Securities, Available-for-sale, Amortized Cost, Fiscal Year Maturity [Abstract]
AFS Debt Maturities, Within one year, Amortized Cost	$ 163,865	$ 212,449
AFS Debt Maturities, After one year through five years, Amortized Cost	0	0
Amortized Cost	163,865	212,449
Debt Securities, Available-for-sale, Fair Value, Fiscal Year Maturity [Abstract]
AFS Debt Maturities, Within one year, Fair Value	163,880	212,873
AFS Debt Maturities, After one year through five years, Fair Value	0	0
AFS Debt Maturities, Total Fair Value	$ 163,880	$ 212,873

Investments - Available-for-S_3

Investments - Available-for-Sale Marketable Securities, Fair Value and Unrealized Losses Continuous Unrealized Loss Position (Details) $ in Thousands	Apr. 30, 2020USD ($)
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items]
AFS, Less Than 12 Months, Unrealized Losses	$ (26)
AFS, Less Than 12 Months, Fair Value	44,411
AFS, 12 Months or Greater, Unrealized Losses	0
AFS, 12 Months or Greater, Fair Value	0
AFS, Total Unrealized Losses	(26)
AFS, Total Fair Value	44,411
U.S. treasury securities
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items]
AFS, Less Than 12 Months, Unrealized Losses	0
AFS, Less Than 12 Months, Fair Value	0
AFS, 12 Months or Greater, Unrealized Losses	0
AFS, 12 Months or Greater, Fair Value	0
AFS, Total Unrealized Losses	0
AFS, Total Fair Value	0
U.S. government agencies securities
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items]
AFS, Less Than 12 Months, Unrealized Losses	0
AFS, Less Than 12 Months, Fair Value	0
AFS, 12 Months or Greater, Unrealized Losses	0
AFS, 12 Months or Greater, Fair Value	0
AFS, Total Unrealized Losses	0
AFS, Total Fair Value	0
Certificate of deposit
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items]
AFS, Less Than 12 Months, Unrealized Losses	(7)
AFS, Less Than 12 Months, Fair Value	10,995
AFS, 12 Months or Greater, Unrealized Losses	0
AFS, 12 Months or Greater, Fair Value	0
AFS, Total Unrealized Losses	(7)
AFS, Total Fair Value	10,995
Commercial paper
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items]
AFS, Less Than 12 Months, Unrealized Losses	(5)
AFS, Less Than 12 Months, Fair Value	18,495
AFS, 12 Months or Greater, Unrealized Losses	0
AFS, 12 Months or Greater, Fair Value	0
AFS, Total Unrealized Losses	(5)
AFS, Total Fair Value	18,495
Corporate debt securities
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items]
AFS, Less Than 12 Months, Unrealized Losses	(14)
AFS, Less Than 12 Months, Fair Value	14,921
AFS, 12 Months or Greater, Unrealized Losses	0
AFS, 12 Months or Greater, Fair Value	0
AFS, Total Unrealized Losses	(14)
AFS, Total Fair Value	$ 14,921

Balance Sheet Details - Propert

Balance Sheet Details - Property and Equipment (Details) - USD ($) $ in Thousands	9 Months Ended
	Jan. 31, 2021	Apr. 30, 2020
Property, Plant and Equipment [Line Items]
Property and equipment-gross	$ 11,676	$ 10,582
Less accumulated depreciation	(4,832)	(1,859)
Property and equipment—net	6,844	8,723
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment-gross	$ 8,636	8,215
Computer equipment
Property, Plant and Equipment [Line Items]
Useful Life	36 months
Property and equipment-gross	$ 2,655	2,028
Office furniture and equipment
Property, Plant and Equipment [Line Items]
Useful Life	60 months
Property and equipment-gross	$ 385	$ 339

Balance Sheet Details - Narrati

Balance Sheet Details - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2021	Jan. 31, 2020	Apr. 30, 2020
Balance Sheet Details [Line Items]
Depreciation expense	$ 1,000	$ 200	$ 3,000	$ 600
Common stock exercised prior to vesting, included in accrued and other current liabilities	6,100		6,100		$ 2,200
Transfers to stockholders' deficit, included in accrued and other current liabilities	6,589	$ 2,061	14,270	$ 5,424
Lease liability, current portion	3,800		3,800		3,500
General expenses, included in accrued and other current	$ 3,100		3,100		1,500
Options Exercised in Advance of Vesting
Balance Sheet Details [Line Items]
Transfers to stockholders' deficit, included in accrued and other current liabilities			$ 2,100		$ 700

Balance Sheet Details - Accrued

Balance Sheet Details - Accrued Compensation and Employee Benefits (Details) - USD ($) $ in Thousands	Jan. 31, 2021	Apr. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accrued bonus	$ 9,159	$ 8,356
Accrued vacation	3,596	2,823
Accrued payroll taxes and benefits	3,841	1,397
Accrued commission	732	515
Accrued salaries	668	602
Accrued compensation and employee benefits	$ 17,996	$ 13,693

Balance Sheet Details - Narra_2

Balance Sheet Details - Narrative, Cares Act Loan (Details) - Paycheck Protection Program, CARES Act - USD ($) $ in Millions	Aug. 18, 2020	May 01, 2020
Short-term Debt [Line Items]
Loan proceeds, promissory note		$ 6.3
Repayment of loan, promissory note, interest	$ 0.1
Repayment of loan, promissory note	$ 6.4

Commitment and Contingencies (D

Commitment and Contingencies (Details) - USD ($)	1 Months Ended		3 Months Ended		9 Months Ended
	Feb. 29, 2020	Nov. 30, 2019	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2021	Jan. 31, 2020	Apr. 30, 2020
Long-term Purchase Commitment [Line Items]
Purchase commitment, incurred cost			$ 3,500,000	$ 2,000,000	$ 9,600,000	$ 2,000,000
C3.ai DTI Grants Program
Long-term Purchase Commitment [Line Items]
Grants, payment period	5 years
Grants, potential remaining contributions			$ 44,600,000		$ 44,600,000		$ 45,800,000
Blattman et al. v. Siebel et al. | Pending Litigation
Long-term Purchase Commitment [Line Items]
Loss contingency, damages sought	$ 2,500,000
Web-Hosting Services, November 2019-November 2022
Long-term Purchase Commitment [Line Items]
Purchase commitment		$ 30,000,000
Purchase commitment, term		3 years
Web-Hosting Services, November 2020
Long-term Purchase Commitment [Line Items]
Purchase commitment		$ 10,000,000
Web-Hosting Services, November 2021
Long-term Purchase Commitment [Line Items]
Purchase commitment		10,000,000
Web-Hosting Services, November 2022
Long-term Purchase Commitment [Line Items]
Purchase commitment		$ 10,000,000

Redeemable Convertible Prefer_2

Redeemable Convertible Preferred Stock and Redeemable Convertible A-1 Common Stock (Details) $ in Thousands	1 Months Ended	3 Months Ended	9 Months Ended
	Dec. 31, 2020shares	Jan. 31, 2021USD ($)shares	Jan. 31, 2021USD ($)shares	Oct. 31, 2020shares	Apr. 30, 2020shares	Jan. 31, 2020shares	Oct. 31, 2019shares	Apr. 30, 2019shares
Redeemable Convertible Preferred Stock, Excluding Series A Preferred Stock
Temporary Equity [Line Items]
Conversion of stock, converted (in shares)	33,628,776
Conversion ratio	1
Convertible Preferred Stock, Series A
Temporary Equity [Line Items]
Conversion of stock, converted (in shares)	3,499,992
Conversion ratio	1
Redeemable Convertible Preferred Stock
Temporary Equity [Line Items]
Carrying value reclassified into stockholders' equity | $		$ 399,753	$ 399,753
Shares issued (in shares)		0	0		37,128,768
Shares outstanding (in shares)		0	0	37,129,000	37,128,768	37,129,000	37,129,000	34,192,000
Redeemable Convertible A-1 Common Stock
Temporary Equity [Line Items]
Conversion of stock, converted (in shares)	6,666,665
Conversion ratio	1
Carrying value reclassified into stockholders' equity | $		$ 18,800	$ 18,800
Shares issued (in shares)		0	0		6,666,665
Shares outstanding (in shares)		0	0	6,667,000	6,666,665	6,667,000	6,667,000	6,667,000

Stockholders' Equity (Details)

Stockholders' Equity (Details) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended		9 Months Ended		12 Months Ended
	Oct. 31, 2019USD ($)$ / sharesshares	Jan. 31, 2021USD ($)vote$ / sharesshares	Jan. 31, 2020USD ($)	Jan. 31, 2021USD ($)vote$ / sharesshares	Jan. 31, 2020USD ($)	Apr. 30, 2020$ / sharesshares	Nov. 30, 2020shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Preferred stock, shares authorized (in shares)		200,000,000		200,000,000
Preferred stock, par value (in dollars per share) | $ / shares		$ 0.001		$ 0.001
Preferred stock, shares issued (in shares)		0		0
Preferred stock, shares outstanding (in shares)		0		0
Automatic conversion period, following the death or incapacity of Mr. Siebel				6 months
Automatic conversion period, following the date Mr. Siebel no longer providing services				6 months
Automatic conversion, anniversary period, if circumstances met				20 years
Net proceeds common stock exercised prior to vesting | $		$ 4,500	$ 300	$ 6,000	$ 1,600
Stock repurchased in period, per share (in dollars per share) | $ / shares	$ 30.2310
Net transaction price | $	$ 28,500				3,548
Compensation expense | $					$ 24,900
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares subject to repurchase right (in shares)				1,300,185		663,763
Stock repurchased in period (in shares)	811,189
Class A Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, shares authorized (in shares)		1,000,000,000		1,000,000,000		390,000,000	390,000,000
Voting rights, number of votes for each share | vote		1		1
Common stock, par value (in dollars per share) | $ / shares		$ 0.001		$ 0.001		$ 0.001
Stock repurchased in period (in shares)	163,685
Class B Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, shares authorized (in shares)		3,500,000		3,500,000		21,000,000	21,000,000
Voting rights, number of votes for each share | vote		50		50
Common stock, par value (in dollars per share) | $ / shares		$ 0.001		$ 0.001		$ 0.001

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Details) - USD ($)	1 Months Ended		9 Months Ended
	Sep. 30, 2020	Jan. 31, 2018	Jan. 31, 2021	Nov. 27, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average grant date fair value for options granted (in dollars per share)			$ 6.01
Stock options exercised, total intrinsic value			$ 52,400,000
Stock options vested, total grant date fair value			10,600,000
Chief Executive Officer (CEO)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Notes receivable		$ 24,500,000
Proceeds from notes receivable payment	$ 26,000,000
Chief Executive Officer (CEO) | Notes Receivable
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Interest income	$ 0
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost			$ 104,000,000
Unrecognized compensation cost, weighted-average recognition period			4 years 2 months 12 days
Vesting period			5 years
2020 Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, non-option (in shares)			0
2020 Incentive Plan | Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expiration period			10 years
2020 Employee Stock Purchase Plan | Employee Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of employee earnings participation (up to)				15.00%
Class A Common Stock | 2020 Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares reserved for future issuance (in shares)			67,535,205	67,535,205
Class A Common Stock | 2020 Employee Stock Purchase Plan | Employee Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares reserved for future issuance (in shares)				3,000,000
Series F Preferred Stock | Chief Executive Officer (CEO)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock issued during period (in shares)		1,251,921

Share-Based Compensation - Stoc

Share-Based Compensation - Stock Option Activity (Details) $ / shares in Units, shares in Thousands, $ in Thousands	9 Months Ended	12 Months Ended
	Jan. 31, 2021USD ($)$ / sharesshares	Apr. 30, 2020USD ($)$ / sharesshares
Number of Stock Options Outstanding
Balance at beginning of period (in shares) | shares	32,877
Options granted (in shares) | shares	14,415
Options exercised (in shares) | shares	(4,563)
Options cancelled (in shares) | shares	(2,559)
Balance at end of period (in shares) | shares	40,170	32,877
Vested and exercisable at end of period (in shares) | shares	12,799
Vested and expected to vest at end of period (in shares) | shares	41,161
Weighted Average Exercise Price
Balance at beginning of period (in dollars per share) | $ / shares	$ 3.48
Options granted (in dollars per share) | $ / shares	11.12
Options exercised (in dollars per share) | $ / shares	3.06
Options cancelled (in dollars per share) | $ / shares	5.55
Balance at end of period (in dollars per share) | $ / shares	6.13	$ 3.48
Vested and exercisable at end of period (in dollars per share) | $ / shares	3.01
Vested and expected to vest at end of period (in dollars per share) | $ / shares	$ 6.12
Weighted Average Remaining Contractual Life (years)
Balance at beginning of period	8 years 18 days	8 years 10 days
Balance at end of period	8 years 18 days	8 years 10 days
Vested and exercisable at end of period	6 years 5 months 12 days
Vested and expected to vest at end of period	8 years 25 days
Aggregate Intrinsic Value
Balance at beginning of period | $	$ 449,073	$ 116,962
Balance at end of period | $	449,073	$ 116,962
Vested and exercisable at end of period | $	180,395
Vested and expected to vest at end of period | $	$ 460,444

Stock-Based Compensation - Valu

Stock-Based Compensation - Valuation Assumptions (Details)	9 Months Ended
	Jan. 31, 2021
Share-based Payment Arrangement [Abstract]
Expected dividend yield	0.00%
Expected volatility	43.80%
Expected term (years)	6 years 3 months 18 days
Risk-free interest rate	0.43%

Stock-Based Compensation - Stoc

Stock-Based Compensation - Stock-Based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2021	Jan. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	$ 6,589	$ 2,061	$ 14,270	$ 5,424
Cost of Revenue | Subscription
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	214	104	557	246
Cost of Revenue | Professional services
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	164	30	301	93
Sales and marketing
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	2,790	613	5,835	1,894
Research and development
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	846	308	1,952	910
General and administrative
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	$ 2,575	$ 1,006	$ 5,625	$ 2,281

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2021	Jan. 31, 2020
Income Tax Disclosure [Abstract]
Income tax expense	$ 0.2	$ 0.1	$ 0.5	$ 0.3

Net Loss Per Share Attributab_3

Net Loss Per Share Attributable to Common Stockholders - Computation of Basic and Diluted Net Loss Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2021	Jan. 31, 2020
Numerator
Net loss attributable to common stockholders	$ (16,852)	$ (9,796)	$ (31,646)	$ (38,944)
Class A Common Stock
Denominator
Basic and diluted weighted-average shares outstanding (in shares)	68,648,229	30,132,463	43,480,533	28,478,395
Basic and diluted net loss per share attributable to common stockholders
Basic and diluted net loss per share (in dollars per share)	$ (0.23)	$ (0.27)	$ (0.64)	$ (1.11)
Class A-1 Common Stock
Denominator
Basic and diluted weighted-average shares outstanding (in shares)	6,666,665	6,666,666	6,666,665	6,666,666
Basic and diluted net loss per share attributable to common stockholders
Basic and diluted net loss per share (in dollars per share)	$ (0.10)	$ (0.27)	$ (0.52)	$ (1.11)
Class B Common Stock
Denominator
Basic and diluted weighted-average shares outstanding (in shares)	3,499,992	0	3,499,992	0
Basic and diluted net loss per share attributable to common stockholders
Basic and diluted net loss per share (in dollars per share)	$ (0.13)	$ 0	$ (0.12)	$ 0

Net Loss Per Share Attributab_4

Net Loss Per Share Attributable to Common Stockholders - Potential Shares Excluded From Computation of Diluted Net Loss Per Share (Details) - shares	9 Months Ended
	Jan. 31, 2021	Jan. 31, 2020
Convertible Preferred Stock, Series A
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially antidilutive shares excluded from computation of net loss per share (in shares)	0	3,499,992
Convertible Preferred Stock, Series B
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially antidilutive shares excluded from computation of net loss per share (in shares)	0	4,559,999
Convertible Preferred Stock, Series B-1A
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially antidilutive shares excluded from computation of net loss per share (in shares)	0	2,430,635
Convertible Preferred Stock, Series B-1B
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially antidilutive shares excluded from computation of net loss per share (in shares)	0	92,769
Convertible Preferred Stock, Series C
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially antidilutive shares excluded from computation of net loss per share (in shares)	0	2,779,738
Convertible Preferred Stock, Series D
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially antidilutive shares excluded from computation of net loss per share (in shares)	0	12,278,422
Convertible Preferred Stock, Series E
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially antidilutive shares excluded from computation of net loss per share (in shares)	0	540,003
Convertible Preferred Stock, Series F
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially antidilutive shares excluded from computation of net loss per share (in shares)	0	5,399,581
Convertible Preferred Stock, Series G
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially antidilutive shares excluded from computation of net loss per share (in shares)	0	3,893,701
Convertible Preferred Stock, Series H
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially antidilutive shares excluded from computation of net loss per share (in shares)	0	1,653,928
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially antidilutive shares excluded from computation of net loss per share (in shares)	41,286,541	33,848,199

Related Party Transactions - Na

Related Party Transactions - Narrative (Details) $ / shares in Units, $ in Thousands		1 Months Ended					3 Months Ended		9 Months Ended
		Sep. 30, 2020USD ($)	Jun. 30, 2020	Oct. 31, 2019USD ($)transaction$ / sharesshares	Jun. 30, 2019	Jan. 31, 2018USD ($)renewalPeriodshares	Jan. 31, 2021USD ($)	Jan. 31, 2020USD ($)	Jan. 31, 2021USD ($)	Jan. 31, 2020USD ($)	Apr. 30, 2020USD ($)
Related Party Transaction [Line Items]
Stock repurchased in period, per share (in dollars per share) | $ / shares				$ 30.2310
Accounts receivable, net, from related party							$ 1,030		$ 1,030		$ 250
Deferred revenue, current	[1]						59,950		59,950		53,537
Chief Executive Officer (CEO)
Related Party Transaction [Line Items]
Notes receivable						$ 24,500
Notes receivable, term						5 years
Notes receivable, number of renewal periods | renewalPeriod						4
Notes receivable, renewal period						1 year
Interest rate						2.18%
Proceeds from notes receivable payment		$ 26,000
Chief Executive Officer (CEO) | Secondary Stock Sale to Existing Shareholder
Related Party Transaction [Line Items]
Number of secondary transactions | transaction				2
Total proceeds				$ 50,000
Officers and Employees
Related Party Transaction [Line Items]
Stock repurchased in period, per share (in dollars per share) | $ / shares				$ 30.2310
Baker Hughes Company
Related Party Transaction [Line Items]
Related party revenue									21,600
Accounts receivable, net, from related party							1,000		1,000		200
Deferred revenue, current							9,400		9,400		$ 1,500
Baker Hughes Company | Software Subscription Agreement
Related Party Transaction [Line Items]
Revenue commitment, term			5 years		3 years
Baker Hughes Company | Subscription
Related Party Transaction [Line Items]
Related party revenue							$ 8,000	$ 9,900	$ 21,600	$ 30,600
Series F Preferred Stock | Chief Executive Officer (CEO)
Related Party Transaction [Line Items]
Stock issued during period (in shares) | shares						1,251,921
Series D Preferred Stock | Chief Executive Officer (CEO) | Secondary Stock Sale to Existing Shareholder | Existing Stockholder, Transaction One
Related Party Transaction [Line Items]
Sale of stock, number of shares (in shares) | shares				1,685,979
Sale of stock, shares issued, price per share (in dollars per share) | $ / shares				$ 26.6034
Series D Preferred Stock | Chief Executive Officer (CEO) | Secondary Stock Sale to Existing Shareholder | Existing Stockholder, Transaction Two
Related Party Transaction [Line Items]
Sale of stock, number of shares (in shares) | shares				825,012
Sale of stock, shares issued, price per share (in dollars per share) | $ / shares				$ 24
Series E Preferred Stock | Chief Executive Officer (CEO) | Secondary Stock Sale to Existing Shareholder | Existing Stockholder, Transaction One
Related Party Transaction [Line Items]
Sale of stock, number of shares (in shares) | shares				193,489
Sale of stock, shares issued, price per share (in dollars per share) | $ / shares				$ 26.6034
Series C Preferred Stock | Chief Executive Officer (CEO) | Secondary Stock Sale to Existing Shareholder | Existing Stockholder, Transaction Two
Related Party Transaction [Line Items]
Sale of stock, number of shares (in shares) | shares				584,795
Sale of stock, shares issued, price per share (in dollars per share) | $ / shares				$ 24
Redeemable Convertible A-1 Common Stock | Chief Executive Officer (CEO) | Secondary Stock Sale to Existing Shareholder | Existing Stockholder, Transaction Two
Related Party Transaction [Line Items]
Sale of stock, number of shares (in shares) | shares				673,526
Sale of stock, shares issued, price per share (in dollars per share) | $ / shares				$ 24
[1]	Including amounts from a related party of $9,358 and $1,499 as of January 31, 2021 and April 30, 2020, respectively.

Related Party Transactions - Pe

Related Party Transactions - Performance Obligation (Details) - USD ($) $ in Millions	Jan. 31, 2021	Jun. 30, 2019
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue expected to be recognized from remaining performance obligations, amount	$ 247.5
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-02-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue expected to be recognized from remaining performance obligations, amount	$ 131.1
Revenue expected to be recognized from remaining performance obligations, period	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-02-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue expected to be recognized from remaining performance obligations, period
Software Subscription Agreement | Baker Hughes Company | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-05-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue expected to be recognized from remaining performance obligations, amount		$ 46.7
Revenue expected to be recognized from remaining performance obligations, period		1 year
Software Subscription Agreement | Baker Hughes Company | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-05-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue expected to be recognized from remaining performance obligations, amount		$ 53.3
Revenue expected to be recognized from remaining performance obligations, period		1 year
Software Subscription Agreement | Baker Hughes Company | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-05-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue expected to be recognized from remaining performance obligations, amount		$ 75
Revenue expected to be recognized from remaining performance obligations, period		1 year
Software Subscription Agreement | Baker Hughes Company | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-05-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue expected to be recognized from remaining performance obligations, amount		$ 125
Revenue expected to be recognized from remaining performance obligations, period		1 year
Software Subscription Agreement | Baker Hughes Company | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-05-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue expected to be recognized from remaining performance obligations, amount		$ 150
Revenue expected to be recognized from remaining performance obligations, period		1 year

Uncategorized Items - ai-202101

Label	Element	Value
Restricted Cash	us-gaap_RestrictedCash	$ 500,000
Restricted Cash	us-gaap_RestrictedCash	$ 900,000