C3.ai Inc

Latest Results (04.04.2026):

C3.ai, Inc. reported results for its fiscal third quarter ended January 31, 2026 (Q3 FY2026). Total revenue was $53.3 million, driven primarily by subscription sales. The company recorded a GAAP net loss per share of $(0.94) and a non‑GAAP net loss per share of $(0.40). GAAP gross margin was 17% (GAAP gross profit $9.2M) and non‑GAAP gross margin was 37% (non‑GAAP gross profit $19.6M). Cash, cash equivalents and marketable securities totaled $621.9 million. Management highlighted organizational restructuring and a focus on returning to growth, while providing Q4 and full‑year guidance that reflects continued investment and restructuring impacts.

Key financials

Total revenue $53.3M; subscription revenue $48.2M (90% of total); subscription + prioritized engineering services $51.5M (97% of total). GAAP gross profit $9.2M (17% margin); non‑GAAP gross profit $19.6M (37% margin).

Profitability & EPS

GAAP net loss per share $(0.94); non‑GAAP net loss per share $(0.40). Non‑GAAP measures exclude stock‑based compensation and related payroll tax items.

Cash & liquidity

Cash, cash equivalents and marketable securities were $621.9M at quarter end.

Customers, bookings & commercial traction

The company closed 44 agreements in Q3, including wins/expansions with USDA, DOE, NATO Communications & Information Agency, Royal Navy, Thales, ExxonMobil, GSK, U.S. Steel, Plains All American, Seaspan, and McLaren. Federal/defense/aerospace bookings grew 134% year‑over‑year and represented 55% of total bookings.

C3 Generative AI & product deployments

C3 closed eight agreements for C3 Generative AI in Q3 (six initial production deployments), citing deployments at McLaren Automotive, Seaspan ULC, the U.S. Intelligence Community and others, and citing customer use cases that reduced report production times from weeks to hours.

Professional services

Total professional services revenue was $5.097M in the quarter (prioritized engineering services $3.289M; service fees $1.808M), down from $13.103M in the year‑ago quarter.

Restructuring & cost savings

Management implemented a restructuring to reduce cost structure and cash burn, targeting approximately $135M of annual non‑GAAP operating expense savings. Guidance excludes estimated pre‑tax restructuring expenses of ~$10–12M.

Outlook

Q4 FY2026 revenue guidance: $48.0–$52.0M. Full‑year FY2026 revenue guidance: $246.7–$250.7M. Non‑GAAP loss from operations guidance: Q4 $(56.0)–(64.0)M; full year $(219.5)–(227.5)M. Company notes reconciliation of forward‑looking non‑GAAP to GAAP is unavailable without unreasonable effort. Conference call and investor presentation details were provided.