C3 AI Reports Q1 2026 Financial Results, Restructures Leadership and Appoints New CEO

C3 AI Reports Fiscal Q1 2026 Financial Results

REDWOOD CITY, Calif., September 03, 2025 – C3.ai, Inc. (NYSE: AI), a provider of Enterprise AI application software, has released its financial results for the fiscal first quarter ended July 31, 2025. These results align with the preliminary figures shared on August 8, 2025.

Key Financial Metrics for Q1 Fiscal 2026

• Total Revenue: $70.3 million
• Subscription Revenue: $60.3 million, making up 86% of total revenue
• Subscription and Prioritized Engineering Services Revenue Combined: $69.0 million, or 98% of total revenue
• Gross Profit: GAAP gross profit of $26.4 million (38% margin); Non-GAAP gross profit of $36.3 million (52% margin)
• Net Loss per Share: GAAP net loss of $(0.86); Non-GAAP net loss of $(0.37)
• Cash Position: $711.9 million in cash, equivalents, and marketable securities

Thomas M. Siebel, Founder and Chairman, acknowledged the company’s restructuring efforts and new leadership appointments aimed at driving growth and customer success. However, he noted that the financial results for the quarter were "completely unacceptable."

Operational Highlights

C3 AI reorganized its global sales and services teams, including hiring new sales leaders and appointing a Chief Commercial Officer and General Manager for EMEA. During the quarter, the company closed 46 agreements, with 28 related to initial production deployments.

Among its new and expanded partnerships are agreements with HII, Newport News Shipbuilding, and the U.S. Army.

C3 AI Strategic Integrator Program

The company launched the C3 AI Strategic Integrator Program (SIP), an OEM initiative that allows partners to license the C3 Agentic AI Platform for building and commercializing enterprise AI applications. The program has gained positive feedback from system integrators and U.S. Federal service providers.

Partner Network Growth

C3 AI secured 40 agreements through its partner network this quarter. The joint 12-month qualified opportunity pipeline with partners grew 54% year-over-year, signaling strong collaboration momentum.

Customer and Federal Sector Updates

• Nucor Corporation expanded its multi-year partnership to develop an enterprise-wide AI program.
• Qemetica launched its first enterprise-scale AI program in collaboration with C3 AI.
• The federal sector accounted for 12 new agreements, representing 28% of total bookings. HII extended its partnership to boost shipbuilding throughput.

C3 Generative AI Momentum

The company closed nine agreements related to C3 Generative AI, including six initial production deployments. This AI solution now automatically extracts, structures, and validates data from unstructured formats, enhancing data usability.

Leadership Update

Effective September 1, 2025, Stephen Ehikian was appointed as Chief Executive Officer of C3 AI. Thomas M. Siebel will continue to serve as Executive Chairman, maintaining an active role in the company’s direction.

Financial Guidance

• Q2 Fiscal 2026 Revenue Forecast: $72.0 million to $80.0 million
• Non-GAAP Operating Loss Forecast: $(49.5) million to $(57.5) million

The company has withdrawn its previous full-year fiscal 2026 guidance amid these results.

Upcoming Conference Call

• Event: C3 AI Fiscal Q1 2026 Financial Results Call
• Date: Wednesday, September 3, 2025
• Time: 2:00 p.m. PT / 5:00 p.m. ET

Additional Notes

C3 AI reports both GAAP and non-GAAP financial measures, with non-GAAP metrics provided to offer investors supplemental insight.

Professional services revenue includes prioritized engineering services and service fees. Forward-looking statements in this release cover anticipated business benefits and financial outlook.

About C3.ai, Inc.

C3.ai (NYSE: AI) offers enterprise AI software, including the C3 Agentic AI Platform and C3 Generative AI, designed for building integrated AI applications at scale.