NYSE$AI
C3.ai Inc. · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
C3.ai transitioned to consumption-based pricing model and experienced revenue growth.
C3.ai announced its Q1 2023 financial results, featuring a transition to a consumption-based pricing model and a 25% year-over-year revenue increase to $65.3 million. The company is aiming to be non-GAAP profitable during FY 2024.
- Revenue increased by 25% year-over-year, reaching $65.3 million.
- Transitioned to a consumption-based pricing model.
- GAAP RPO increased by 58% to $458.2 million.
- Non-GAAP gross margin was 81%.
Headline financials
Revenue & EPS history
C3.ai · Revenue · Quarterly
$65.3M
Revenue by segment
C3.ai · $65.3M total across 2 segments · Q1 2023
- Subscription$57M+23.6%87.3%
- Professional services$8.28M+31.8%12.7%
Forward guidance
The Company’s guidance for the second quarter of fiscal 2023 includes total revenue of $60.0 - $62.0 million and non-GAAP loss from operations of ($15.0) - ($20.0) million. The full year fiscal 2023 guidance includes total revenue of $255.0 - $270.0 million and non-GAAP loss from operations of ($90.0) - ($98.0) million.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2023
-1.0%
Avg return
Earnings day
-3.2%
Avg return
5 days after
-5.2%
Avg return
30 days after
41%
9 / 22 earnings
Positive
+37.4%
Q3 2023
Best reaction
-21.1%
Q1 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | -1.3% | -0.5% | +24.7% | |
| Q3 2026 | +0.5% | -11.7% | -24.7% | |
| Q2 2026 | +4.1% | +6.8% | -8.4% | |
| Q1 2026 | -9.1% | -5.6% | +14.9% | |
| Q4 2025 | +20.7% | +11.5% | +5.3% | |
| Q3 2025 | -9.7% | -16.4% | -17.5% | |
| Q2 2025 | +3.0% | -2.6% | -17.8% | |
| Q1 2025 | -9.9% | -8.8% | +2.7% | |
| Q4 2024 | +18.5% | +22.2% | +20.2% | |
| Q3 2024 | +22.8% | +13.2% | -10.1% | |
| Q2 2024 | -13.4% | -6.3% | -9.3% | |
| Q1 2024 | -12.2% | -10.2% | -21.3% | |
| Q4 2023 | -15.6% | -19.6% | -17.1% | |
| Q3 2023 | +37.4% | +26.1% | +61.9% | |
| Q2 2023 | +7.6% | +10.1% | -8.7% | |
| Q1 2023 | -21.1% | -21.2% | -32.1% | |
| Q4 2022 | -6.9% | +1.4% | +1.2% | |
| Q3 2022 | +6.3% | -7.6% | +4.4% | |
| Q2 2022 | -18.7% | -18.2% | -15.4% | |
| Q1 2022 | -7.5% | -1.8% | -11.0% | |
| Q4 2021 | -4.9% | -15.1% | -15.6% | |
| Q3 2021 | -12.4% | -15.4% | -41.4% | |
| Q2 2021 | — | — | — | |
| Q1 2021 | — | — | — | |
| Q4 2020 | — | — | — | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro