---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-007584"
form_type: "8-K"
ticker: "AI"
cik: "0001577526"
company_name: "C3.ai, Inc."
filed_at: "2024-02-28T23:59:59+00:00"
generated_at: "2026-06-05T08:49:31.541327+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# C3.ai reports Q3 FY2024 revenue $78.4M, up 18% YoY; raises revenue target

## Summary
- Revenue $78.4M, exceeding guidance; subscription revenue $70.4M, up 23% YoY.
- GAAP net loss per share $(0.60); non-GAAP net loss per share $(0.13).
- Customer engagement 445, up 80% YoY; closed 50 agreements (85% YoY increase).
- Cash reserves $723.3M; raised revenue target for FY2024.
- Federal revenue up over 100% YoY; partner-supported bookings grew 337% YoY.

## SEC filing metadata
- accession: 0001628280-24-007584
- form_type: 8-K
- ticker: AI
- cik: 0001577526
- company_name: C3.ai, Inc.
- filed_at: 2024-02-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1577526/000162828024007584/0001628280-24-007584-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1577526/000162828024007584/ai-20240228.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-007584
- JSON: https://secwatch.observer/filing/0001628280-24-007584.json
- Plain text: https://secwatch.observer/filing/0001628280-24-007584.txt

## Key facts
- Earnings Releases
  C3.ai, Inc. reported fiscal third quarter ended January 31, 2024 results: revenue $78.4 million, EPS $(0.60). Guidance raised.
  - Period: fiscal third quarter ended January 31, 2024
  - Revenue: $78.4 million
  - EPS: $(0.60)
  - Guidance: raised
  - Result: reported results
  source text: C3 AI Announces Third Quarter Fiscal 2024 Financial Results Revenue Tops Guidance. Growth Accelerates. Revenue Target Raised REDWOOD CITY, Calif. — February 28, 2024 — C3.ai, Inc. (“C3 AI,” “C3,” or the “Company”) (NYSE: AI), the Enterprise AI application software company, today announced financial results for its fiscal third quarter ended January 31, 2024. “We had a great quarter. Total revenue of $78.4 million grew 18% year-over-year, exceeding our guidance range. Customer engagement grew 80% year-over-year,” said C3 AI CEO and Chairman Thomas M. Siebel. “Our significant first mover advantage in Enterprise AI is generating tailwinds as market interest in adopting AI accelerates.” Fiscal Third Quarter 2024 Financial Highlights • Revenue: Total revenue for the quarter was $78.4 million, an increase of 18% compared to $66.7 million one year ago. • Subscription Revenue: Subscription revenue for the quarter was $70.4 million, constituting 90% of total revenue, an increase of 23% compared
  evidence_url: https://www.sec.gov/Archives/edgar/data/1577526/000162828024007584/0001628280-24-007584-index.htm

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