Filing Flows › C3.ai (AI) › Q2 FY26
C3.ai (AI) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Dec 9, 2025
C3.ai (AI) reported revenue of $75.1M for the second quarter fiscal 2026 (Q2 FY26), -20% from a year earlier and +7% from the quarter before. Operating margin was -149.2%, net loss $105M (139.3% of revenue).
C3.ai, Q2 FY26: revenue $75.1M (-20% year over year), operating margin -149.2%, net loss $105M, operating cash flow −$46.5M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $75.1M | +7% | -20% |
| Operating profit | −$112M | — | — |
| Net earnings | −$105M | — | — |
| Operating cash flow | −$46.5M | — | — |
What changed
Revenue was $75.1M in Q2 FY26, down 20% year over year and up 7% from the previous quarter. Subscription was the largest line at 93% of revenue. Subscription lost $10.9M year over year (down 13%), 57% of the total change.
Gross margin was 40.4%, down 20.9 points from a year earlier. Operating costs exceeded revenue by $112.1M, an operating margin of -149.2%. Operating expenses grew 7% against a revenue fall of 20%. The fastest-growing cost line was General & admin (+19%). The quarter ended with a net loss of $104.7M, narrower than the previous quarter's $116.8M loss.
Operating cash flow was −$46.5M. Non-cash charges added back $3.4M of depreciation and amortization and $68.9M of share-based compensation. Working capital and other items used $14.1M. Capital expenditures of $386K exceeded it, leaving free cash flow of −$46.9M.
Questions
What was C3.ai's revenue in the second quarter fiscal 2026?
C3.ai (AI) reported revenue of $75.1M for the second quarter fiscal 2026 (Q2 FY26), -20% from a year earlier and +7% from the quarter before.
Was C3.ai profitable in the second quarter fiscal 2026?
Operating loss was $112M (-149.2% of revenue) and net loss $105M.
Source: C3.ai 10-Q on SEC EDGAR.