Filing Flows › C3.ai (AI) › Q1 FY26
C3.ai (AI) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Sep 9, 2025
C3.ai (AI) reported revenue of $70.3M for the first quarter fiscal 2026 (Q1 FY26), -19% from a year earlier and -35% from the quarter before. Operating margin was -177.7%, net loss $117M (166.2% of revenue).
C3.ai, Q1 FY26: revenue $70.3M (-19% year over year), operating margin -177.7%, net loss $117M, operating cash flow −$33.5M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $70.3M | -35% | -19% |
| Operating profit | −$125M | — | — |
| Net earnings | −$117M | — | — |
| Operating cash flow | −$33.5M | -398% | — |
What changed
Revenue was $70.3M in Q1 FY26, down 19% year over year and down 35% from the previous quarter. Subscription was the largest line at 86% of revenue. Subscription lost $13.2M year over year (down 18%), 78% of the total change.
Gross margin was 37.6%, down 22.2 points from a year earlier. Operating costs exceeded revenue by $124.8M, an operating margin of -177.7%. Operating expenses grew 21% against a revenue fall of 19%. The fastest-growing cost line was General & admin (+22%). The quarter ended with a net loss of $116.8M, wider than the previous quarter's $79.7M loss.
Operating cash flow was −$33.5M. Non-cash charges added back $3.4M of depreciation and amortization and $64.8M of share-based compensation. Working capital and other items added $15.0M. Capital expenditures of $760K exceeded it, leaving free cash flow of −$34.3M.
Questions
What was C3.ai's revenue in the first quarter fiscal 2026?
C3.ai (AI) reported revenue of $70.3M for the first quarter fiscal 2026 (Q1 FY26), -19% from a year earlier and -35% from the quarter before.
Was C3.ai profitable in the first quarter fiscal 2026?
Operating loss was $125M (-177.7% of revenue) and net loss $117M.
Source: C3.ai 10-Q on SEC EDGAR.