C3.ai ended FY2026 with preliminary revenue inside guidance and a large cash and investments balance, but the latest evidence is dominated by a sharp revenue reset, weak Q3 gross margin, negative free cash flow, a 26% workforce reduction and Thomas Siebel's return as CEO.
References
Sources used in this report
SEC datasetSEC company tickers exchange datasetRetrieved 2026-05-15 · Issuer identity, CIK, NYSE listing and AI ticker cross-check.SEC APIC3 AI SEC submissions APIRetrieved 2026-05-15 · Filing chronology and issuer metadata.SEC XBRL APISEC companyfacts APIRetrieved 2026-05-15 · XBRL-derived financial cross-checks.Annual reportFiscal 2025 Form 10-K2025-06-23 · Annual baseline, business model, FY2025 financials, RPO, liquidity, voting control and risk factors.Quarterly reportQ3 FY2026 Form 10-Q2026-03-11 · Latest quarterly financial statements, RPO, IPDs, restructuring plan, liquidity, free cash flow and risk factors.Form 8-K exhibitQ3 FY2026 earnings release2026-02-25 · Q3 financial highlights, bookings commentary, federal traction, C3 Generative AI agreements and guidance.Form 8-K exhibitPreliminary Q4 and FY2026 results press release2026-05-12 · Latest preliminary FY2026 revenue, operating loss, cash and investments, restructuring update and CEO return.Form 8-KMay 2026 Form 8-K2026-05-12 · Filing wrapper for CEO appointment and preliminary results.Proxy statement2025 definitive proxy statement2025-08-21 · Board structure, voting rights, director independence and annual meeting matters.Form 8-KMarch 2026 litigation update Form 8-K2026-03-25 · Update on securities class action motion to dismiss.