---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-020351"
form_type: "8-K"
ticker: "AI"
cik: "0001577526"
company_name: "C3.ai, Inc."
filed_at: "2023-05-31T23:59:59+00:00"
generated_at: "2026-06-14T10:28:22.488025+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# C3.ai Q4 FY23: Revenue $72.4M, GAAP loss $(0.58)/share; FY23 revenue $266.8M (+5.6%)

## Summary
- Q4 FY23 revenue $72.4M; FY23 revenue $266.8M (+5.6% YoY).
- Q4 GAAP net loss $(0.58)/share; positive free cash flow $16.3M.
- FY23 subscription revenue $230.4M (+11.4% YoY), 86% of total revenue.
- Closed 126 agreements in FY23 (83 prior year); average sales cycle 3.7 months (down from 5 months).
- Launched C3 Generative AI; closed three deals; USAF selected C3 as System of Record for AI predictive maintenance.

## SEC filing metadata
- accession: 0001628280-23-020351
- form_type: 8-K
- ticker: AI
- cik: 0001577526
- company_name: C3.ai, Inc.
- filed_at: 2023-05-31T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1577526/000162828023020351/0001628280-23-020351-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1577526/000162828023020351/ai-20230531.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-020351
- JSON: https://secwatch.observer/filing/0001628280-23-020351.json
- Plain text: https://secwatch.observer/filing/0001628280-23-020351.txt

## Key facts
- Earnings Releases
  C3.ai, Inc. reported full fiscal year ended April 30, 2023 results: revenue $266.8 million, EPS $(2.45).
  - Period: full fiscal year ended April 30, 2023
  - Revenue: $266.8 million
  - EPS: $(2.45)
  - Result: reported results
  source text: Full Year Fiscal 2023 Financial Highlights • Revenue: Total revenue for the fiscal year was $266.8 million, an increase of 5.6% compared to FY 22. • Subscription Revenue: Subscription revenue for the fiscal year was $230.4 million, constituting 86% of revenue, representing 11.4% growth over FY 22. • Gross Profit: GAAP gross profit for the fiscal year was $180.5 million, representing 68% gross margin. Non-GAAP gross profit was $205.2 million, representing 77% non-GAAP gross margin. • Net Loss per Share: GAAP net loss per share was $(2.45). Non-GAAP net loss per share was $(0.42).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1577526/000162828023020351/0001628280-23-020351-index.htm
- Earnings Releases
  C3.ai, Inc. reported fiscal fourth quarter ended April 30, 2023 results: revenue $72.4 million, EPS $(0.58).
  - Period: fiscal fourth quarter ended April 30, 2023
  - Revenue: $72.4 million
  - EPS: $(0.58)
  - Result: reported results
  source text: Fiscal Fourth Quarter 2023 Financial Highlights • Revenue: Total revenue for the quarter was $72.4 million. • Subscription Revenue: Subscription revenue for the quarter was $56.9 million, constituting 79% of revenue. • Gross Profit: GAAP gross profit for the quarter was $47.5 million, representing a 66% gross margin. Non-GAAP gross profit for the quarter was $53.9 million, representing a 74% non-GAAP gross margin. • Remaining Performance Obligations (“RPO”): GAAP RPO was $381.4 million. • Current RPO: Current RPO of $186.3 million. • Net Loss per Share: GAAP net loss per share was $(0.58). Non-GAAP net loss per share was $(0.13). • Cash Balance: $812.4 million in cash, cash equivalents, and investments. • Free Cash Flow: Positive free cash flow $16.3 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1577526/000162828023020351/0001628280-23-020351-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.