C3.ai Reports FY26 Revenue Down 35.7% to $250.27M, Net Loss Widens to $470.37M
AI sits 26% above its 52-week low of $7.675.
Summary
C3.ai reported full fiscal year 2026 revenue of $250.27 million, a 35.7% decline, with net loss widening to $470.37 million, or ($3.35) per share. This news provides specific figures and operational context to the 10-K filing from yesterday, which had already indicated significant financial deterioration. The revenue drop was driven by a 31% decline in subscription revenue and a 62% fall in services. The company also incurred $10.8 million in restructuring charges as it reorganized its sales model and reduced headcount to improve efficiency.
At the time of this announcement, AI was trading at $9.67 on NYSE in the Technology sector, with a market capitalization of approximately $1.4B. The 52-week trading range was $7.68 to $30.11. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Wiseek News.