Filing Flows › C3.ai (AI) › Q1 FY27
C3.ai (AI) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Sep 9, 2026
C3.ai (AI) reported revenue of $52.4M for the first quarter fiscal 2027 (Q1 FY27), -25% from a year earlier and +2% from the quarter before. Operating margin was -187.6%, net loss $92.8M (177.2% of revenue).
C3.ai, Q1 FY27: revenue $52.4M (-26% year over year), operating margin -187.6%, net loss $92.8M, operating cash flow $2.1M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $52.4M | +2% | -25% |
| Operating profit | −$98.3M | — | — |
| Net earnings | −$92.8M | — | — |
| Operating cash flow | $2.1M | — | — |
| Free cash flow | $2.1M | — | — |
What changed
Revenue was $52.4M in Q1 FY27, down 25% year over year and up 2% from the previous quarter. Subscription was the largest line at 94% of revenue. Subscription lost $11.1M year over year (down 18%), 62% of the total change.
Gross margin was 31.8%, down 5.8 points from Q1 FY26. Operating costs exceeded revenue by $98.3M, an operating margin of -187.6%. Operating expenses fell 24% while revenue fell 25%. The quarter ended with a net loss of $92.8M, narrower than the previous quarter's $115.6M loss.
Operating cash flow was $2.1M. Non-cash charges added back $3.4M of depreciation and amortization and $59.2M of share-based compensation. Working capital and other items added $32.2M. After purchases of property and equipment ($8K), free cash flow as the company reports it was $2.1M.
Questions
What was C3.ai's revenue in the first quarter fiscal 2027?
C3.ai (AI) reported revenue of $52.4M for the first quarter fiscal 2027 (Q1 FY27), -25% from a year earlier and +2% from the quarter before.
Was C3.ai profitable in the first quarter fiscal 2027?
Operating loss was $98.3M (-187.6% of revenue) and net loss $92.8M.
Source: C3.ai 10-Q on SEC EDGAR.