C3.ai, Inc. announced its financial results for the fiscal first quarter ended July 31, 2026. The company reported total revenue of $52.4 million, which management stated was on plan. Subscription revenue accounted for $49.2 million of the total, representing 94% of the company's revenue mix.
On the balance sheet, C3.ai reported a cash balance of $651.1 million, an increase of $76 million compared to the previous quarter. The company also reported positive free cash flow of $2.1 million for the period. Non-GAAP operating loss for the quarter was $36.2 million, a 33% improvement quarter-over-quarter.
During the quarter, the company closed 22 agreements, including contracts with Heidelberg Materials, Ford Motor Company, Johnson & Johnson, Holcim, Seaspan, the U.S. Department of Agriculture, the Defense Logistics Agency, the U.S. Department of War, and the U.S. Marine Corps.
C3.ai provided guidance for the remainder of fiscal 2027. The company expects total revenue between $51.0 million and $55.0 million for the second quarter of fiscal 2027. For the full fiscal year 2027, revenue is expected to be between $210.0 million and $240.0 million. The company also expects a non-GAAP loss from operations between $(34.5) million and $(42.5) million for the second quarter and between $(123.0) million and $(155.0) million for the full year.
