C3.ai, Inc. (AI) Q1 FY2027 earnings

Reported results

• Total revenue was $52.4 million; subscription revenue was $49.2 million, constituting 94% of total revenue.
• GAAP gross profit was $16.7 million (32% gross margin); non-GAAP gross profit was $26.1 million (50% non-GAAP gross margin).
• GAAP net loss per share was $(0.60); non-GAAP net loss per share was $(0.20).
• Non-GAAP loss from operations was $36.2 million, a 33% improvement quarter over quarter.
• Free cash flow was $2.1 million; cash, cash equivalents, and marketable securities was $651.1 million, up $76 million quarter over quarter.
• Bookings increased 73% quarter over quarter.

Guidance

• Second quarter fiscal 2027: Total revenue guidance of $51.0 million to $55.0 million; non-GAAP loss from operations guidance of $(34.5) million to $(42.5) million.
• Full year fiscal 2027: Total revenue guidance of $210.0 million to $240.0 million; non-GAAP loss from operations guidance of $(123.0) million to $(155.0) million.

Notes

The company notes that a reconciliation of non-GAAP guidance measures to corresponding GAAP measures is not available on a forward-looking basis without unreasonable effort due to uncertainty regarding stock-based compensation expense-related charges and employer payroll tax-related items on employee stock transactions. The company also closed 22 agreements including with major customers such as Ford Motor Company, Johnson & Johnson, and various U.S. government agencies.

Price and volatility reaction

The stock moved +3.6% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -18.1 vol points across the event (constant-maturity series — not the front-week crush).

Source

The figures above come from the earnings release the company filed with the SEC on 2026-09-02 (8-K, Item 2.02). Read the original filing on sec.gov.