AI Q1 2027 Earnings — Income Statement Breakdown
For its Q1 2027 period (ending 2026-07-31), AI reported revenue of $52M, gross profit of $17M (31.8% gross margin), operating income of −$98M, and net income of −$93M (-177.2% net margin). The flow of revenue into costs and profit is visualized below.
What changed
AI reported a net loss; revenue fell 30.3% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | −30.3% | +11.3% | −37.9 pp |
Consensus estimate data is not available for this report.
AI Q1 2027 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $52M | 100% |
| Cost of Revenue | −$36M | 68.2% |
| Gross Profit | $17M | 31.8% |
| Research & Development | −$47M | 88.9% |
| Selling, General & Administrative | −$68M | 129.2% |
| Other Operating Expenses | −$698,000 | 1.3% |
| Operating Income | −$98M | -187.6% |
| Other Income, net | $6M | 10.7% |
| Income Tax Expense | −$163,000 | 0.3% |
| Net Income | −$93M | -177.2% |
Source: original SEC filing (filed 2026-09-02). Accession 0001577526-26-000119. Data normalized by EarningsFyi.