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How C3.ai (AI) makes money
C3.ai (AI) made $52.4M of revenue in the first quarter fiscal 2027 (Q1 FY27), -25% from a year earlier. Subscription brought in $49.2M (94%); Professional services brought in $3.2M (6%).
Drawing the Sankey…
Revenue by segment, Q1 FY27
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Subscription | $49.2M | 93.9% | +2% | -18% |
| Professional services | $3.2M | 6.1% | -0.3% | -68% |
| ↳ Prioritized engineering services | $1.8M | 3.4% | -18% | -80% |
| ↳ Service fees | $1.4M | 2.8% | +35% | +11% |
Where each dollar of revenue goes
| Line | Q1 FY27 | % of revenue |
|---|---|---|
| Revenue | $52.4M | 100.0% |
| Income tax | $163K | 0.3% |
| Operating cash flow | $2.1M | 4.0% |
| Free cash flow | $2.1M | 3.9% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q1 FY27 | $52.4M | -26% |
| Q4 FY26 | $51.6M | -52% |
| Q3 FY26 | $53.3M | -46% |
| Q2 FY26 | $75.1M | -20% |
| Q1 FY26 | $70.3M | -19% |
| Q4 FY25 | $109M | +26% |
| Q3 FY25 | $98.8M | +26% |
From C3.ai's 10-Q filed Sep 9, 2026 (on EDGAR).
Questions
How does C3.ai make money?
C3.ai (AI) made $52.4M of revenue in the first quarter fiscal 2027 (Q1 FY27), -25% from a year earlier. Subscription brought in $49.2M (94%); Professional services brought in $3.2M (6%).
What is C3.ai's biggest business?
Subscription: $49.2M in the first quarter fiscal 2027, 94% of revenue, -18% from a year earlier.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.