C3.ai | 10-Q: Q2 2026 Earnings Report

C3.ai reported Q2 FY2026 revenue of $75.1 million, down 20% year-over-year, with subscription revenue accounting for 93% at $70.2 million. The company posted a net loss of $104.7 million, compared to a $66.0 million loss in the same period last year. Operating expenses increased to $142.5 million, up from $133.1 million year-over-year, primarily due to higher payroll costs and stock-based compensation.The company's performance was impacted by a comprehensive restructuring of its global sales and services organizations in Q1 FY2026, along with the Executive Chairman's unanticipated health limitations. Despite challenges, C3.ai maintained strong cash position with $675.0 million in cash, cash equivalents, and marketable securities as of October 31, 2025. The company executed 20 initial production deployment agreements during the quarter.Looking ahead, C3.ai continues to invest in research and development, particularly in generative AI capabilities. The company announced strategic alliances with Microsoft and McKinsey & Company to accelerate Enterprise AI adoption. Management expects continued focus on expanding market presence through consumption-based pricing model and strategic partnerships, while maintaining investment in product innovation and market development.

C3.ai reported Q2 FY2026 revenue of $75.1 million, down 20% year-over-year, with subscription revenue accounting for 93% at $70.2 million. The company posted a net loss of $104.7 million, compared to a $66.0 million loss in the same period last year. Operating expenses increased to $142.5 million, up from $133.1 million year-over-year, primarily due to higher payroll costs and stock-based compensation.The company's performance was impacted by a comprehensive restructuring of its global sales and services organizations in Q1 FY2026, along with the Executive Chairman's unanticipated health limitations. Despite challenges, C3.ai maintained strong cash position with $675.0 million in cash, cash equivalents, and marketable securities as of October 31, 2025. The company executed 20 initial production deployment agreements during the quarter.Looking ahead, C3.ai continues to invest in research and development, particularly in generative AI capabilities. The company announced strategic alliances with Microsoft and McKinsey & Company to accelerate Enterprise AI adoption. Management expects continued focus on expanding market presence through consumption-based pricing model and strategic partnerships, while maintaining investment in product innovation and market development.