AI
C3.ai, Inc.14.49
-0.16-1.09%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
2.04BP/E (TTM)
-Basic EPS (TTM)
-2.84Dividend Yield
0%Recent Filings
8-K
Restructuring for efficiency
C3.ai approved a restructuring plan on February 24, 2026, slashing its global workforce by 26%—substantially done—and non-employee costs by 30% by H2 FY2027, targeting $135M in annual non-GAAP opEx savings and profitability. Q3 revenue hit $53.3M, with subscription at $48.2M, but GAAP gross margin sank to 17%. Workforce cuts risk execution hiccups.
10-Q
Q1 FY2026 results
C3.ai's Q1 FY2026 revenue fell 20% y/y to $75.1M (derived), with subscription revenue down 13% y/y to $70.2M (derived) and professional services plunging 63% y/y, driving gross margin to 40% from 61%. Operating loss widened to $112.1M from $75.3M as sales/marketing and R&D rose 5% y/y each, fueled by payroll; net loss hit $104.7M or $(0.75) diluted EPS on 138.7M shares, versus $(0.52) last year. Cash burned $80M in operations (FCF $(81.2M) derived), leaving $103M cash plus $572M marketable securities. No debt. RPO ticked to $232.5M. Customer concentration persists.
8-K
Revenue up 7% QoQ, Federal soars
C3.ai reported Q2 fiscal 2026 revenue of $75.1 million, up 7% quarter-over-quarter, with subscription revenue at $70.2 million comprising 93% of total. Federal bookings surged 89% year-over-year, fueling 49% total bookings growth amid 46 new deals including HHS and BAE Systems. Cash reserves stand at $675 million. Q3 revenue guidance: $72-80 million.
8-K
Clayville joins C3.ai board
C3.ai expanded its board from 11 to 12 directors, electing Mike Clayville as a Class II director effective November 9, 2025. Clayville, ex-Chief Customer Officer at Stripe and former AWS global sales leader, receives $350,000 in stock options vesting over two years. His cloud and enterprise software expertise bolsters growth efforts. No prior arrangements or conflicts disclosed.
8-K
C3.ai annual meeting results
C3.ai stockholders convened virtually on October 3, 2025, for their annual meeting, electing General John Hyten, Richard C. Levin, and Bruce Sewell as Class II directors until 2028 amid strong support, with Hyten and Levin each garnering over 212 million 'for' votes despite 37 million broker non-votes. They also approved executive compensation on an advisory basis (186.6 million for, 29.9 million against) and ratified Deloitte & Touche as auditors for fiscal 2026 with overwhelming backing (251.5 million for). All proposals passed decisively. No surprises here.