C3.ai reported fourth-quarter revenue of $51.6 million, landing inside its guidance range of $48.0 million to $52.0 million, while non-GAAP operating loss came in at $54.4 million, better than the company’s forecast of a $56.0 million to $64.0 million loss.
For the full fiscal year ended April 30, 2026, revenue totaled $250.3 million, also within guidance of $246.7 million to $250.7 million. Full-year non-GAAP operating loss was $217.8 million, beating the company’s guidance range of a $219.5 million to $227.5 million loss.
On a GAAP basis, the company posted a fourth-quarter operating loss of $121.2 million and a full-year operating loss of $498.5 million.
C3.ai ended the year with $575.4 million in cash, cash equivalents, and investments.
The company said it signed 28 agreements in the quarter, including nine new initial production deployments and seven IPD conversions. It also said its restructuring plan is designed to deliver about $135 million in annualized non-GAAP cost savings and reduce cash burn by roughly the same amount.
Leadership also shifted: Thomas M. Siebel resumed the CEO role effective May 8, while Stephen Ehikian remains president. Following these announcements, the company's shares moved -5.01%, and are now trading at a price of $9.0054. If you want to know more, read the company's complete 8-K report here.
