---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-031546"
form_type: "8-K"
ticker: "AI"
cik: "0001577526"
company_name: "C3.ai, Inc."
filed_at: "2023-09-06T23:59:59+00:00"
generated_at: "2026-06-10T23:25:23.282029+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# C3.ai Q1 FY24 revenue $72.4M, GAAP EPS $(0.56); generative AI traction and guidance update

## Summary
- Revenue $72.4M at high end of guidance ($70-72.5M); subscription revenue $61.4M (85% of total).
- GAAP net loss per share $(0.56); non-GAAP net loss per share $(0.09).
- Cash and investments $809.6M; operating cash flow $3.9M; free cash flow $(8.9)M.
- Closed 8 new generative AI agreements in Q1; pipeline of 140+ qualified opportunities.
- No longer expects non-GAAP profitability in Q4 FY24; investing in generative AI market.

## SEC filing metadata
- accession: 0001628280-23-031546
- form_type: 8-K
- ticker: AI
- cik: 0001577526
- company_name: C3.ai, Inc.
- filed_at: 2023-09-06T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1577526/000162828023031546/0001628280-23-031546-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1577526/000162828023031546/ai-20230906.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-031546
- JSON: https://secwatch.observer/filing/0001628280-23-031546.json
- Plain text: https://secwatch.observer/filing/0001628280-23-031546.txt

## Key facts
- Earnings Releases
  C3.ai, Inc. reported fiscal first quarter ended July 31, 2023 results: revenue $72.4 million, EPS GAAP net loss per share was $(0.56). Non-GAAP net loss per share was $(0.09)..
  - Period: fiscal first quarter ended July 31, 2023
  - Revenue: $72.4 million
  - EPS: GAAP net loss per share was $(0.56). Non-GAAP net loss per share was $(0.09).
  - Result: reported results
  source text: strong traction with our enterprise AI applications and especially C3 Generative AI.” Fiscal First Quarter 2024 Financial Highlights • Revenue: Total revenue for the quarter was $72.4 million, coming in at the high end of guidance of $70.0 million to $72.5 million. • Subscription Revenue: Subscription revenue for the quarter was $61.4 million, constituting 85% of
  evidence_url: https://www.sec.gov/Archives/edgar/data/1577526/000162828023031546/0001628280-23-031546-index.htm

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