Short answer
C3.ai, Inc. (AI) filed its Q1 2026 10-Q quarterly report on Mar 11, 2026 for the quarter ended Jan 31, 2026. Quarterly revenue was $53M (down 46.1% year over year) with net income of −$133M.
Q1 2026 key financials · XBRL
- Revenue
- $53M
- −46.1% YoY · −29.1% QoQ
- Net income
- −$133M
- −66.3% YoY · −27.4% QoQ
- Operating margin
- -263.6%
- Gross margin
- 17.3%
- EPS (diluted)
- −$0.94
- −51.6% YoY · −23.7% QoQ
Source: XBRL data from the C3.ai, Inc. (AI) Q1 2026 10-Q on SEC EDGAR. USD.
C3.ai, Inc. Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Risk Factors
- New risk: Restructuring plan execution risk triggering expected declines in sales, marketing, R&D, and G&A expenses
- Most materially updated risk: Sharp 46% YOY revenue decline driven by 44% drop in subscription and 61% drop in professional services revenue due to reduced customer engagement
- Regulatory/legal risk: Ongoing compliance costs and risks of operating as a public company under SEC and national exchange regulations with increased professional fees
- Operational/market risk: Declining subscription gross margin to 11% from 56% due to reduced revenue and higher payroll costs, impacting near-term profitability
- Financial risk: Liquidity sufficient for 12 months with $622M in cash and marketable securities, but operating cash use increased to $136M over nine months, raising capital raise uncertainty
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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