C3 AI reports $52.4 million in quarterly revenue and 73% increase in bookings

C3 AI has announced its financial results for the fiscal first quarter ended July 31, 2026. The company reported revenue of $52.4 million, which aligned with its plan. Subscription revenue accounted for $49.2 million, or 94% of the total revenue.

Key financial metrics include a positive free cash flow of $2.1 million and a non-GAAP operating loss of $36.2 million, representing a 33% improvement quarter-over-quarter. Bookings saw a significant increase of 73% compared to the previous quarter. The company's cash balance rose to $651.1 million, an increase of $76 million from the prior quarter.

CEO Thomas M. Siebel stated that the company is on track with its turnaround plan, citing restructured sales, expense controls, and new leadership. During the quarter, C3 AI closed 22 agreements with various entities, including Ford Motor Company, Johnson & Johnson, Heidelberg Materials, and several U.S. government agencies such as the Department of Agriculture and the Defense Logistics Agency.