C3.ai Reports 19% Revenue Fall in Q1
C3.ai (NYSE:AI), an enterprise artificial intelligence (AI) software company, released its financial results on Sept. 3, 2025, for the first quarter of fiscal 2026. The headline results showed a significant shortfall with revenue of $70.3 million falling 19.4% year over year. Profitability worsened compared to Q1 fiscal year 2025, with an adjusted net loss per share of $0.37. The adjusted gross margin dropped to 52% from 70% in Q1 fiscal year 2025.
Management cited a disruptive sales reorganization and health issues affecting founder Thomas Siebel as key reasons for the quarter’s weak outcomes. The company withdrew its full-year outlook, citing the arrival of a new CEO and operational reset. Overall, the period marked one of sharp financial underperformance and elevated uncertainty as C3.ai undergoes a leadership and structural transition.
Source: C3.ai. Note: Fiscal 2026's first quarter ended July 31, 2025. Fiscal 2025's Q1 ended July 31, 2024.
Source Fool.com
