C3.ai, Inc.

Such estimates include, but are not limited to, determining standalone selling price for performance obligations in contracts with customers and estimating variable consideration, the estimated expected benefit period for deferred contract acquisition costs, the useful lives of long-lived assets, the incremental borrowing rate for operating leases, assumptions used to measure stock-based compensation, and the valuation of deferred income tax assets and uncertain tax positions.

SEC original ↗C3.ai, Inc. — 10-Q Quarterly report10-QSep 9, 2026

government agencies securities 80,622 80,622 69,691 69,691 Commercial paper 108,768 108,768 103,824 103,824 Corporate debt securities 246,699 246,699 243,625 243,625 Total cash equivalents and available-for-sale marketable securities $ 80,478 $ 528,079 $ $ 608,557 $ 52,715 $ 509,252 $ $ 561,967 The estimated fair value of securities classified as Level 2 financial instruments was determined based on third-party pricing services.

SEC original ↗C3.ai, Inc. — 10-Q Quarterly report10-QSep 9, 2026

government agencies securities ( 206 ) 40,546 ( 33 ) 18,517 ( 239 ) 59,063 Commercial paper 4,842 4,842 Corporate debt securities ( 321 ) 124,675 ( 104 ) 39,863 ( 425 ) 164,538 Total $ ( 527 ) $ 173,943 $ ( 137 ) $ 58,380 $ ( 664 ) $ 232,323 As of April 30, 2026 Less Than 12 Months 12 Months or Greater Total Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value U.

SEC original ↗C3.ai, Inc. — 10-Q Quarterly report10-QSep 9, 2026

government agencies securities ( 66 ) 17,919 ( 14 ) 11,221 ( 80 ) 29,140 Commercial paper Corporate debt securities ( 145 ) 79,438 ( 67 ) 21,330 ( 212 ) 100,768 Total $ ( 211 ) $ 97,357 $ ( 81 ) $ 32,551 $ ( 292 ) $ 129,908 As of July 31, 2026, the Company had 228 marketable securities in an unrealized loss position.

SEC original ↗C3.ai, Inc. — 10-Q Quarterly report10-QSep 9, 2026

For marketable securities, it also considers whether (i) it is more likely than not that the Company will be required to sell the debt securities before recovery of their amortized cost basis, and (ii) the amortized cost basis cannot be recovered as a result of credit losses.

SEC original ↗C3.ai, Inc. — 10-Q Quarterly report10-QSep 9, 2026

Subscription and Prioritized Engineering Services Revenue Combined Subscription and prioritized engineering services revenue combined was $69.0 million, constituting 98% of total revenue for the quarter.

SEC original ↗C3.ai, Inc. — Earnings release (8-K exhibit)EX-99Sep 3, 2025

Federal business, the C3 AI Alliances program, and the new C3 AI Strategic Integrator Program that offers the opportunity for a new and expanding OEM line of business.

SEC original ↗C3.ai, Inc. — Earnings release (8-K exhibit)EX-99Sep 3, 2025

In addition, sales and services have been combined, again under new leadership, to provide a more seamless, high-touch customer experience with a consistent focus on realizing significant economic benefit rapidly from each C3 AI customer engagement.

SEC original ↗C3.ai, Inc. — Earnings release (8-K exhibit)EX-99Sep 3, 2025

C3 AI Strategic Integrator Program C3 AI launched the C3 AI Strategic Integrator Program (SIP) , an OEM initiative that enables partners to license the C3 Agentic AI Platform to rapidly build and commercialize Enterprise AI applications.

SEC original ↗C3.ai, Inc. — Earnings release (8-K exhibit)EX-99Sep 3, 2025

C3 AI and McKinsey Company advanced their strategic alliance, jointly closing a new strategic customer agreement and driving momentum through QuantumBlack engineer trainings, C3 AI Accelerator sessions, and executive roundtables.

SEC original ↗C3.ai, Inc. — Earnings release (8-K exhibit)EX-99Sep 3, 2025

A reconciliation of non-GAAP guidance measures to corresponding GAAP measures is not available on a forward-looking basis without unreasonable effort due to the uncertainty regarding, and the potential variability of, expenses that may be incurred in the future.

SEC original ↗C3.ai, Inc. — Earnings release (8-K exhibit)EX-99Sep 3, 2025

These forward-looking statements are subject to a number of risks and uncertainties, including our history of losses and ability to achieve and maintain profitability in the future, our historic dependence on a limited number of existing customers that account for a substantial portion of our revenue, our ability to attract new customers and retain existing customers, our ability to successfully transition the role of chief executive officer to Mr.

SEC original ↗C3.ai, Inc. — Earnings release (8-K exhibit)EX-99Sep 3, 2025

Legal Proceedings 43 Item 1A.

SEC original ↗C3.ai, Inc. — 10-Q Quarterly report10-QSep 9, 2026

Exhibits 84 Signatures 85 2 Table of Contents SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q contains forward-looking statements about us and our industry that involve substantial risks and uncertainties.

SEC original ↗C3.ai, Inc. — 10-Q Quarterly report10-QSep 9, 2026

The outcome of the events described in these forward-looking statements is subject to risks, uncertainties and other factors described in the section titled Risk Factors contained in Part II, Item 1A of this Quarterly Report on Form 10-Q and those elsewhere in this Quarterly Report on Form 10-Q.

SEC original ↗C3.ai, Inc. — 10-Q Quarterly report10-QSep 9, 2026

New risks and uncertainties emerge from time to time, and it is not possible for us to predict all risks and uncertainties that could have an impact on the forward-looking statements contained in this Quarterly Report on Form 10-Q.

SEC original ↗C3.ai, Inc. — 10-Q Quarterly report10-QSep 9, 2026