C3.ai revenue fell 36% to $250M as sales restructuring, CEO health issues disrupted operations

Filed June 24, 2026 · Period ending April 30, 2026 · Compared to 10-K Jun 23, 2025 · ~2 min read

Key Changes

• high

  Total revenue declined 36% to $250.3M (from $389.1M), reversing prior year's 25% growth. Subscription revenue fell 31% to $227.1M; professional services collapsed 62% to $23.2M. Net loss widened 63% to $470.4M.

  MD&A: Revenue & Profitability verify on EDGAR →
• high

  Company implemented restructuring plan in Feb 2026: 26% workforce reduction (280 employees), 30% vendor cost cuts, sales org flattening. Incurred $10.8M in charges ($5.2M severance paid, $5.6M non-cash). Thomas Siebel resumed CEO role May 2026.

  MD&A: Restructuring Plan; Notes verify on EDGAR →
• high

  Management attributed FY2026 revenue decline to sales organization restructuring disruption, CEO health limitations, and poor sales execution. Initial production deployments fell 59% (174 to 71 agreements).

  Risk Factors; MD&A: IPD Metrics verify on EDGAR →