C3 AI Announces Fiscal First Quarter 2027 Results
C3 AI reported fiscal first quarter 2027 (ended July 31, 2026) revenue of $52.4 million, down roughly 25% from $70.3 million a year earlier, a result management characterized as on plan for its turnaround. Sequential turnaround metrics improved: bookings rose 73% QoQ, the non-GAAP operating loss narrowed 33% QoQ to $36.2 million, and free cash flow turned positive at $2.1 million versus a $34.3 million outflow a year ago. GAAP net loss was still $92.8 million, or $(0.60) per share, with non-GAAP loss per share of $(0.20).
Key figures
- Revenue
- 52375000
- Guidance
- Q2 FY27 revenue $51.0M-$55.0M with non-GAAP operating loss $(34.5)M-$(42.5)M; full-year FY27 revenue $210.0M-$240.0M with non-GAAP operating loss $(123.0)M-$(155.0)M
- Revenue Yoy
- -25%
- Fcf
- 2064000
- Gaap net loss
- 92812000
- Agreements closed
- 22
- Gaap gross margin
- 32%
- Bookings growth qoq
- 73%
- Operating cash flow
- 2072000
- Subscription revenue
- 49169000
- Non gaap gross margin
- 50%
- Non gaap operating loss
- 36159000
- Subscription pct of revenue
- 94%
- Cash and marketable securities
- 651100000
AI analysis
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