Business AI

C3.ai Reports 19% Revenue Decline, Appoints New CEO

The enterprise AI firm's chairman called the Q1 results "completely unacceptable," blaming poor sales execution for the significant year-over-year drop.

Olivia Sharp • • 2 min read • 573 views
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Enterprise AI company C3.ai announced a 19% year-over-year revenue decline to $70.3 million, withdrew future guidance, and appointed Stephen Ehikian as its new Chief Executive Officer.

Q1 Financial Performance

Enterprise AI software company C3.ai (AI) on September 3, 2025, reported financial results for its fiscal first quarter, revealing a significant downturn in performance. The company posted non-GAAP revenue of $70.3 million, a 19% decrease year-over-year. This marked the company's first reported miss against revenue guidance since it became a public entity.

The company also reported a non-GAAP net loss of $0.37 per share and negative free cash flow of $34.3 million for the quarter. In a conference call, Executive Chairman Thomas M. Siebel described the financial results as "completely unacceptable in virtually every respect." He …

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