C3.ai CEO returns amid 53% revenue decline, $11M restructuring, guides further contraction

Filed June 3, 2026 · Period ending June 3, 2026 · ~1 min read

Key Changes

• high

  Thomas Siebel resumed CEO role, calling recent sales performance "entirely unacceptable, to the point of surreal" as Q4 revenue fell 53% year-over-year to $51.6M and full-year revenue dropped 36% to $250.3M.

  Exhibit 99.1 verify on EDGAR →
• high

  Company recorded $10.8M in restructuring charges (primarily $5.2M severance and $4.8M stock-based comp) tied to organizational overhaul and new executive leadership.

  Exhibit 99.1 verify on EDGAR →
• high

  FY2027 guidance projects $210M–$240M revenue (midpoint down 10% from FY2026 actual) and non-GAAP operating loss of $128M–$160M, signaling continued contraction.

  Exhibit 99.1 verify on EDGAR →