NYSE$AI

C3.ai Inc. · Q4 2025 earnings

Q4 2025 earnings · · After market close · Investor relations

Briefing

C3.ai reported record Q4 revenue of $108.7 million, up 26% year-over-year, with subscription revenue at 80% of total.

C3.ai delivered strong Q4 2025 results with total revenue reaching $108.7 million. Subscription revenue grew to $87.3 million while GAAP gross margin improved to 62%. The company closed 69 agreements in the quarter and expanded key partnerships including Baker Hughes and Microsoft.

  • Q4 revenue grew 26% YoY to $108.7 million with subscription revenue comprising 80% of total.
  • GAAP gross margin reached 62% and non-GAAP gross margin was 69%.
  • Company closed 69 agreements including 36 initial production deployments and expanded federal contract ceiling to $450 million.
  • Cash, cash equivalents and marketable securities totaled $742.7 million at quarter end.

Headline financials

Total Revenue

$109M

Previous: $86.6M+25.6%
EPS (adj)

-$0.16

Previous: -$0.11-45.5%
Non-GAAP gross margin

69.0%

Previous: 70.0%-1.4%
Subscription revenue mix

80.0%

No prior period
Subscription + prioritized services mix

96.0%

No prior period
GAAP gross margin

62.0%

Previous: 60.0%+3.3%
Free Cash Flow

$10.3M

No prior period
Net Income

-$79.7M

Previous: -$72.9M-9.3%
Operating Income

-$89M

Previous: -$82.3M-8.1%
Gross Profit

$67.5M

Previous: $51.6M+30.8%
Cash & Equivalents

$164M

No prior period
Total Assets

$1.03B

No prior period

Revenue & EPS history

C3.ai · Revenue · Quarterly

$109M

Q4 2025+25.6%vs Q4 2024
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

C3.ai · $109M total across 2 segments · Q4 2025

  • Subscription
    $87.3M
  • Professional services
    $21.4M

Forward guidance

Company provided Q1 and full year FY2026 guidance.

Tailwinds

  • Q1 revenue guidance $100.0M - $109.0M
  • Full year FY2026 revenue guidance $447.5M - $484.5M

Headwinds

  • Non-GAAP operating loss expected for Q1 and full year

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 Q4 2025

Historical avgQ4 2025

-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

Earnings price reactions
QuarterReport dateReaction (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

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