C3.ai, Inc. earnings

C3.ai's fiscal first quarter 2027 showed a narrower loss on a much smaller revenue base. Revenue was $52.4 million, down 25.5% from the prior-year quarter. GAAP gross profit was $16.7 million, down 37.0%, and gross margin was 31.8%, down 5.8 percentage points.

C3.ai closed fiscal 2026 with a severe contraction in revenue and a much wider loss. Fourth-quarter revenue was $51.6 million, down 52.5% from the prior-year quarter. Full-year revenue was $250.3 million, down 35.7%. The pressure ran straight through the income statement.

C3.ai's fiscal third quarter showed a business in transition under new leadership. Revenue fell 46.1% to $53.26 million. Year-to-date revenue fell 29.1% to $198.67 million. Gross profit fell 84.2% to $9.24 million, and gross margin was 17.3%, down 41.7 percentage points. The operating loss widened to $140.41 million.

Fiscal second quarter revenue at C3 AI was $75.1 million, down 20.3% from the prior-year quarter. For the first six months, revenue was $145.4 million, down 19.9%. Gross profit fell to $30.4 million, and gross margin was 40.4%, down 20.9 percentage points from the prior-year quarter.

C3.ai released preliminary fiscal 2026 first quarter results on August 8, 2025, for the period ended July 31, 2025. Total revenue was $70.3 million, down 19.4% from $87.2 million in the prior-year quarter. Gross profit fell to $26.4 million from $52.2 million, a 49.3% decline. Gross margin was 37.6%, down from 59.8%.

C3 AI closed fiscal 2025 with strong revenue growth but a wider loss. Fourth-quarter revenue rose 25.6% to $108.7 million, and full-year revenue rose 25.3% to $389.1 million. Gross profit increased 30.8% to $67.5 million in the quarter and 32.1% to $235.9 million for the year.

C3.ai closed its fiscal 2025 third quarter, ended January 31, 2025, with $98.8 million of revenue, up 26% from a year earlier. Nine-month revenue reached $280.3 million, up 25%. Subscription revenue was 87% of the quarter's total, down from 90% a year ago, while professional services grew to 13% of revenue from 10%.

C3 AI reported fiscal 2025 second quarter total revenue of $94.34 million, up 28.8% from the prior-year quarter. Year-to-date revenue was $181.55 million, up 24.7% from the first half of fiscal 2024. Gross profit rose 40.7% to $57.84 million in the quarter, and gross margin expanded to 61.3%, up 5.2 percentage points.

C3.ai reported FY2025 Q1 total revenue of $87.2 million, up 20.5% from the prior-year quarter. Gross profit rose 28.6% to $52.2 million. Gross margin expanded to 59.8%, up 3.8 percentage points, as subscription margin improved on lower personnel-related costs while professional services margin was flat.

C3.ai finished fiscal 2024 with a fifth consecutive quarter of accelerating top-line growth and another wider GAAP loss. Fourth quarter revenue rose 19.6% to $86.6 million from $72.4 million a year earlier. Full year revenue reached $310.6 million, up 16.4% from $266.8 million.

C3 AI posted total revenue of $78.4 million for its fiscal 2024 third quarter ended January 31, 2024, up 17.6% from $66.7 million in the prior-year quarter. Year-to-date revenue was $224.0 million, up 15.2%.

C3 AI's fiscal second quarter, ended October 31, 2023, showed accelerating topline growth. Revenue was $73.23 million, up 17.3% from the prior-year quarter. Year-to-date revenue was $145.59 million, up 14.0%. Customer Engagement reached 404, an 81% increase from 223 a year earlier.

C3 AI reported fiscal first quarter 2024 total revenue of $72.4 million, up 10.8% from the prior-year quarter. That top-line growth did not carry through to profitability. Gross profit fell 13.5% to $40.5 million, and gross margin dropped 15.8 percentage points to 56.0%.

Revenue for C3.ai's fiscal 2023 fourth quarter was $72.41 million, essentially flat against the prior-year quarter. Full-year revenue reached $266.80 million, up 5.6%. That top-line stability did not carry through to profitability.

C3.ai reported $66.7 million of revenue for its fiscal third quarter ended January 31, 2023, down 4.4% from $69.8 million in the prior-year quarter. Revenue for the nine months ended January 31, 2023 rose 7.7% to $194.4 million from $180.4 million.

C3 AI reported fiscal second quarter revenue of $62.41 million, up 7.1% from $58.26 million a year earlier. Gross profit slipped 1.5% to $41.66 million from $42.29 million. Gross margin fell to 66.7% from 72.6%, a drop of 5.8 percentage points.

C3 AI reported fiscal 2023 first-quarter revenue of $65.3 million, up 24.6% from the prior-year quarter. Gross profit rose 19.1% to $46.9 million, but gross margin fell 3.3 percentage points to 71.8%. The revenue gain did not carry through to the bottom line.

C3 AI finished fiscal 2022 with fourth-quarter revenue of $72.3 million, up 38.3% from $52.3 million a year earlier. Full-year revenue was $252.8 million, up 38.0% from $183.2 million.

C3.ai's fiscal third quarter ended January 31, 2022 delivered strong revenue growth but much larger losses. Total revenue was $69.8 million, up 42.1% from $49.1 million in the prior-year quarter. For the first nine months, revenue was $180.4 million, up 37.8% from $130.9 million.

C3.ai reported fiscal 2022 second quarter revenue of $58.3 million, up 41% from the prior-year quarter. Year-to-date revenue reached $110.7 million, up 35.3%. Gross profit was $42.3 million for the quarter, up 35.3%, while year-to-date gross profit was $81.7 million, up 33.4%.

C3.ai opened fiscal 2022 with first quarter revenue of $52.4 million, up 29% from $40.5 million in the same quarter a year earlier. Gross profit rose 31% to $39.4 million from $30.0 million, and gross margin improved to 75.1% from 74.1%. Subscription revenue made up 88% of the total, unchanged from a year ago.

C3.ai closed fiscal 2021 with fourth-quarter total revenue of $52.3 million, up 25.6% from the prior-year quarter. Full-year revenue reached $183.2 million, up 16.9%. Gross profit was $40.6 million for the quarter, up 26.4%, and $138.7 million for the year, up 17.7%.

C3.ai's fiscal third quarter ended January 31, 2021 showed continued top-line growth but no escape from losses. Total revenue was $49.1 million, up 19% year over year. Gross profit was $36.9 million, up 21.5%, and gross margin was 75.1%, up 1.6 percentage points.