c3.ai -- revenue guidance miss
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case overview
| Case | Liggett v. C3.ai, Inc. |
| Court | U.S. District Court, Northern District of California |
| Filed | August 2025 |
| Class Period | February 26, 2025 — August 8, 2025 |
| Stock Drop | -25% |
| Status | Active |
allegations
c3.ai gave revenue guidance of $100-$109 million for q1 fy2026, then reported preliminary revenue of only $70.2-$70.4 million — a massive shortfall. the complaint alleges:
- unrealistic projections: c3.ai projected an overly optimistic picture of its revenue and growth potential
- ceo health concealment: ceo thomas siebel assured investors he was “fully engaged” and his health was “excellent” despite a vision impairment that allegedly prevented active participation in the sales process
- misleading growth narrative: defendants failed to disclose material factors affecting revenue execution
stock crashed approximately 25% on the disclosure.
sources
last updated: february 22, 2026