The 52.5% Q4 revenue decline and guidance for FY2027 revenue of $210-240M (below FY2026's $250.3M) signal a business in structural decline. The CEO's insider purchase provides a floor but does not offset the fundamental deterioration. Monitor Q1 FY2027 results for any stabilization in subscription revenue and the pace of cost savings realization.
Price Chart
Executive Summary
C3.ai reported fiscal Q4 2026 results with total revenue of $51.6M, a 52.5% YoY decline from $108.7M, and a GAAP EPS of -$0.79 vs consensus of -$0.74 (6.8% miss). The company guided Q1 FY2027 revenue of $50-54M and full-year FY2027 revenue of $210-240M, implying a 4-16% YoY decline from FY2026's $250.3M. CEO Tom Siebel called recent sales performance 'entirely unacceptable' and announced a $68.9M insider stock purchase, but the massive revenue collapse and guidance for further declines dominate the narrative.
Key Financial Metrics
Key Facts
- Q4 FY2026 total revenue $51.6M, down 52.5% YoY from $108.7M
- Subscription revenue $48.4M, down 44.6% YoY from $87.3M
- GAAP EPS -$0.79 vs consensus -$0.74 (6.8% miss)
- Non-GAAP net loss per share -$0.33 vs -$0.16 YoY
- Full-year FY2026 revenue $250.3M, down 35.7% YoY from $389.1M
- Q1 FY2027 guidance: revenue $50-54M; full-year FY2027: $210-240M (implies further YoY decline)
- CEO Siebel purchased 6.17M shares at $11.16/share for ~$68.9M
- Cash balance $673M as of June 3, 2026, up from $575.4M at April 30, 2026
- Restructuring plan targeting ~$135M in annualized non-GAAP cost savings
- Operating cash flow -$190.2M for FY2026 vs -$41.4M in FY2025
Financial Impact
Revenue declined 52.5% YoY in Q4 and 35.7% for the full year; guidance implies further contraction in FY2027
Risk Factors
- Revenue guidance implies further contraction in FY2027, with no clear inflection point
- Subscription revenue declining 44.6% YoY suggests customer churn or down-sells
- Operating cash burn widened to -$190.2M from -$41.4M, raising cash runway concerns despite $673M balance
- Restructuring execution risk and ability to retain key talent after CEO transition
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001577526-26-000056 |
| Document: ai-20260603.htm | 0001577526-26-000056 |
| Document: 0001577526-26-000056-index-headers.html | 0001577526-26-000056 |
| Document: 0001577526-26-000056-index.html | 0001577526-26-000056 |
| Document: 0001577526-26-000056.txt | 0001577526-26-000056 |
| 8-K Data (Synthetic) | 0001577526-26-000056 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 14, 2026 11d ago | Insider Cluster | $12.16 $11.32 | ▲ +6.91% | ▲ +5.80% | $12.46 (−2.47%) |
Oct 14, 2026 11d ago | Insider Cluster | $12.16 $11.32 | ▲ +6.91% | ▲ +5.80% | $12.46 (−2.47%) |
Oct 13, 2026 12d ago | 144 | $12.01 $11.67 | ▼ −2.83% | ▼ −1.75% | $12.46 (+3.75%) |
Sep 17, 2026 5w ago | Insider Cluster | $10.48 $10.84 | ▼ −3.44% | ▼ −1.88% | $12.46 (−18.89%) |
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Aug 13, 2026 10w ago | Institutional Cluster | $10.18 $9.93 | ▼ −2.46% | ▼ −2.26% | $12.46 (+22.40%) |
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Jun 17, 2026 18w ago | Insider Cluster | $10.30 $9.70 | ▲ +5.83% | ▲ +5.51% | $12.46 (−20.97%) |
Jun 12, 2026 19w ago | Institutional Cluster | $10.90 $11.03 | ▲ +1.19% | ▼ −0.57% | $12.46 (+14.31%) |
US Market Status
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