CCC Intelligent Solutions Holdings Inc.

04/30/2026 | Press release | Distributed by Public on 04/30/2026 05:16

CCC Intelligent Solutions Holdings Inc. Announces First Quarter 2026 Financial Results (Form 8-K)

CCC Intelligent Solutions Holdings Inc. Announces First Quarter 2026 Financial Results

April 30, 2026 - CCC Intelligent Solutions Holdings Inc. ("CCC" or the "Company") (NASDAQ: CCC), a leading SaaS and AI platform provider for the multi-trillion-dollar insurance economy, today announced its financial results for the three months ended March 31, 2026.

"CCC delivered a strong start to 2026, with first quarter revenue growth of 12% and adjusted EBITDA margin expanding approximately 300 basis points year over year to 43%. These results reflect strong demand, disciplined execution, and increasing adoption of our core platform and AI-based solutions across our customer base," said Githesh Ramamurthy, Chairman & CEO of CCC.

"As insurance claims grow more complex, our customers are relying on CCC to support high-consequence, mission-critical workflows with greater automation, intelligence, and consistency," continued Ramamurthy. "AI is expanding the amount of economic work that can be managed through our platform, building on durable core relationships and deeply embedded workflows across the claims ecosystem. As our largest and most sophisticated customers scale adoption, it reinforces our confidence in the durability of our model and the long-term growth opportunity ahead."

First Quarter 2026 Financial Highlights

Revenue

•
Total revenue was $281.3 million for the first quarter of 2026, an increase of 12% from $251.6 million for the first quarter of 2025.

Profitability

•
GAAP gross profit was $208.9 million, representing a gross margin of 74%, for the first quarter of 2026, compared with $185.0 million, representing a gross margin of 74%, for the first quarter of 2025. Adjusted gross profit was $215.6 million, representing an adjusted gross profit margin of 77%, for the first quarter of 2026, compared with $192.5 million, representing an adjusted gross profit margin of 77%, for the first quarter of 2025.
•
GAAP operating income was $48.8 million for the first quarter of 2026, compared with GAAP operating loss of $10.7 million for the first quarter of 2025. Adjusted operating income was $106.8 million for the first quarter of 2026, compared with adjusted operating income of $85.3 million for the first quarter of 2025.
•
GAAP net income was $15.4 million for the first quarter of 2026, compared with GAAP net loss of $17.4 million for the first quarter of 2025. Adjusted net income was $66.8 million for the first quarter of 2026, compared with $54.5 million for the first quarter of 2025.
•
Adjusted EBITDA was $120.2 million for the first quarter of 2026, Up 21% compared with adjusted EBITDA of $99.1 million for the first quarter of 2025.

Liquidity

•
CCC had $36.9 million in cash and cash equivalents and $1.288 billion of total debt as of March 31, 2026. The Company generated $57.5 million in cash from operating activities and had free cash flow of $41.6 million during the first quarter of 2026, compared with $58.5 million in cash generated from operating activities and free cash flow of $43.6 million for the first quarter of 2025.

1st Quarter and Recent Business Highlights

•
Large insurer expanded adoption of CCC's APD platform and AI solutions. CCC expanded its relationship with a top-five insurer (based on 2024 direct premium written) through a multi-year enterprise agreement covering core Auto Physical Damage (APD) solutions and adoption of its full suite of AI-enabled solutions.
•
Continued expansion of CCC's Casualty platform with large insurers. CCC signed a multi-year agreement with a different top-five insurer to move a significant portion of its Casualty operations onto CCC's platform. This follows a fourth quarter 2025 decision by a top-six insurer to move a significant portion of its Casualty business to CCC. Both platform decisions were grounded in long-standing relationships, proven execution in APD, and CCC's integrated, analytics-driven approach to Casualty claims management.
•
John Schweitzer joins CCC's Board of Directors. Schweitzer brings more than three decades of leadership experience across enterprise technology and global go-to-market organizations, including senior roles at Salesforce, Informatica, SAP, and Oracle. With the addition of Schweitzer, Neil de Crescenzo, and Barak Eilam over the past 18 months, CCC has strengthened its board to support platform scale, AI innovation, and long-term value creation while preserving neutrality across its ecosystem.
•
Executed on capital allocation strategy through share repurchases in Q1. CCC completed the accelerated share repurchase (ASR) program begun in the fourth quarter of 2025. Under the ASR, CCC repurchased approximately 43 million shares, utilizing $300 million of the $500 million share repurchase program previously authorized by the Board. Following completion of the ASR, CCC repurchased an additional $100 million of stock in the open market, leaving approximately $100 million available under the authorization.

Business Outlook

Based on information as of today, April 30, 2026, the Company is issuing the following financial guidance:

Second Quarter 2026

Full Year 2026

Revenue

$

283.0 million to $285.0 million

$

1.155 billion to $1.163 billion

Adjusted EBITDA

$

111.0 million to $113.0 million

$

484.0 million to $490.0 million

Conference Call Information

CCC will host a conference call today, April 30, at 8:00 a.m. (Eastern Time) to discuss the Company's financial results and financial guidance. A live webcast of this conference call will be available on the "Investor Relations" page of the Company's website at https://ir.cccis.com, and a replay will be archived on the website as well.

About CCC Intelligent Solutions

CCC Intelligent Solutions Inc. (CCC), a subsidiary of CCC Intelligent Solutions Holdings Inc. (NASDAQ: CCC), is a leading SaaS and AI platform provider for the multi-trillion-dollar insurance economy, creating intelligent experiences for insurers, repairers, automakers, part suppliers, and more. The CCC Intelligent Experience (IX) Cloud™ platform, powered by proven AI and an innovative event-based architecture, connects more than 35,000 businesses to power customized applications and platforms for optimal outcomes and personalized experiences that just work. Through purposeful innovation and the strength of its connections, CCC technologies empower the people and industry relied upon to keep lives moving forward when it matters most. Learn more about CCC at www.cccis.com.

CCC Intelligent Solutions Holdings Inc. published this content on April 30, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on April 30, 2026 at 11:16 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]