8-K
filed February 25, 2026, 6:59 PM ET
ticker AI
CIK 0001577526
earnings
confidence high
sentiment negative
materiality 0.90
C3.ai Q3 revenue $53.3M, GAAP EPS -$0.94; restructures with 26% workforce cut targeting $135M savings
C3.ai, Inc.
2026-Q3 EPS reported
-$2.56
revenue$198,668,000
- Revenue $53.3M; subscription revenue $48.2M (90% of total); GAAP net loss per share $(0.94), non-GAAP $(0.40).
- Federal, defense & aerospace bookings up 134% YoY, representing 55% of total bookings; 44 agreements closed.
- Approved restructuring plan: 26% global workforce reduction, ~$10M-$12M pre-tax charges in Q4 FY2026.
- Expected annual cost savings of ~$135M in non-GAAP operating expenses; non-employee costs to be cut ~30%.
- Cash, cash equivalents, and marketable securities $621.9M as of Jan 31, 2026.
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- https://www.sec.gov/Archives/edgar/data/1577526/000157752626000013/ai-20260224.htm
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In connection with the reduction of the Company’s global workforce, the Company estimates that it will incur approximately $10.0 million to $12.0 million in pre-tax restructuring charges in the fourth quarter of fiscal year 2026, consisting of cash expenditures related to severance, other one-time termination benefits, and non-cash expenditures related to stock-based compensation.
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In connection with the reduction of the Company’s global workforce, the Company estimates that it will incur approximately $10.0 million to $12.0 million in pre-tax restructuring charges in the fourth quarter of fiscal year 2026, consisting of cash expenditures related to severance, other one-time termination benefits, and non-cash expenditures related to stock-based compensation.
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In connection with the reduction of the Company’s global workforce, the Company estimates that it will incur approximately $10.0 million to $12.0 million in pre-tax restructuring charges in the fourth quarter of fiscal year 2026, consisting of cash expenditures related to severance, other one-time termination benefits, and non-cash expenditures related to stock-based compensation.
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similar materiality
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In connection with the reduction of the Company’s global workforce, the Company estimates that it will incur approximately $10.0 million to $12.0 million in pre-tax restructuring charges in the fourth quarter of fiscal year 2026, consisting of cash expenditures related to severance, other one-time termination benefits, and non-cash expenditures related to stock-based compensation.
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On March 10, 2026, the Company initiated an internal reorganization plan (the “Plan”) which is intended to enhance efficiency and reduce operating expenses. The Plan includes a reduction of the Company’s current total global workforce by approximately 27 percent. The Company expects to substantially complete the personnel reduction by the end of the second quarter of fiscal year 2026, but the timing of certain reductions will vary based on job function and location, including local legal requirements. The Company currently estimates that it will incur approximately $4.5 million to $7 million in charges in connection with the Plan, which will be substantially incurred in the first quarter of fiscal year 2026. These charges primarily relate to employee transition, severance payments, employee benefits, stock-based compensation, and lease termination and other facility-related costs.
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In connection with the reduction of the Company’s global workforce, the Company estimates that it will incur approximately $10.0 million to $12.0 million in pre-tax restructuring charges in the fourth quarter of fiscal year 2026, consisting of cash expenditures related to severance, other one-time termination benefits, and non-cash expenditures related to stock-based compensation.
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