C3.Ai, Inc. ( (AI) ) has released its Q1 earnings. Here is a breakdown of the information C3.Ai, Inc. presented to its investors.
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C3.ai, Inc. is a leading enterprise AI application software company that provides a comprehensive suite of AI solutions to enhance digital transformation across various industries. The company recently announced its fiscal first quarter 2026 financial results, highlighting a significant restructuring in leadership and sales organization aimed at driving future growth.
In the fiscal first quarter of 2026, C3.ai reported total revenue of $70.3 million, with subscription revenue making up 86% of the total. Despite a gross profit of $26.4 million, the company faced a net loss per share of $(0.86) on a GAAP basis. The company also announced the appointment of Stephen Ehikian as the new CEO, signaling a strategic shift to capitalize on market opportunities.
Key developments during the quarter included the launch of the C3 AI Strategic Integrator Program, which allows partners to leverage the C3 Agentic AI Platform for building enterprise AI applications. The company also expanded its partner network, closing 40 agreements and increasing its opportunity pipeline by 54% year-over-year. Notable partnerships included collaborations with Microsoft and McKinsey & Company, as well as significant agreements with federal entities and major corporations like Nucor Corporation and Qemetica.
Looking ahead, C3.ai is optimistic about its growth prospects, driven by its new leadership and restructured sales organization. The company expects to see accelerated growth and increased customer success, with a focus on leveraging its strong product offerings and expanding market opportunities.