CCC Intelligent Solutions Holdings Inc 8-K, filed Jul 30, 2026
CCC Intelligent Solutions Holdings Inc. (CCC)
About this 8-K
CCC Intelligent Solutions Holdings Inc filed this 8-K on July 30, 2026.
Items reported
- Item 2.02: Financial results
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
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Trading |
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02 Results of Operations and Financial Condition.
Attached hereto as Exhibit 99.1 and incorporated by reference into this Item 2.02 is a copy of the press release, dated July 30, 2026, announcing the financial results of CCC Intelligent Solutions Holdings Inc. for the quarter ended June 30, 2026, including, among other things, unaudited financial results for that period.
The information in this Item 2.02, including Exhibit 99.1 attached hereto, is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section and shall not be incorporated by reference into any registration statement or other document filed pursuant to the Securities Act of 1933, as amended, or the Exchange Act, except as otherwise expressly stated in such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits |
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Exhibit Number |
Description |
99.1 |
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104 |
Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
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CCC INTELLIGENT SOLUTIONS HOLDINGS INC. |
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Date: |
July 30, 2026 |
By: |
/s/ Rodney Christo |
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Name: Title: |
Rodney Christo |
Exhibit 99.1
CCC Intelligent Solutions Holdings Inc. Announces Second Quarter 2026 Financial Results
July 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 June 30, 2026.
“CCC delivered another quarter of solid execution, with second quarter revenue growth of 10% and adjusted EBITDA margin of approximately 40%. Our performance reinforces our vision for CCC to be the connective layer for the insurance economy – a network that helps every participant act, not just record,” said Githesh Ramamurthy, Chairman & CEO of CCC.
We continue to see customers deploy AI operationally and at scale to solve real business problems. As adoption expands across our platform, it reinforces the value of our data, workflows, ecosystem connectivity, and guidance capabilities,” continued Ramamurthy. “As the insurance economy becomes increasingly complex, customers are turning to CCC to help connect participants, make better decisions, and improve outcomes across the claims lifecycle. This dynamic is strengthening customer relationships, expanding the role we play across the ecosystem, and increasing our confidence in the long-term growth opportunity.”
Second Quarter 2026 Financial Highlights
Revenue
Profitability
Liquidity
2nd Quarter and Recent Business Highlights
Business Outlook
Based on information as of today, July 30, 2026, the Company is issuing the following financial guidance:
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Third Quarter 2026 |
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Full Year 2026 |
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Revenue |
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$ |
289.5 million to $291.5 million |
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$ |
1.158 billion to $1.164 billion |
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Adjusted EBITDA |
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$ |
118.0 million to $120.0 million |
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$ |
485.0 million to $491.0 million |
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Conference Call Information
CCC will host a conference call today, July 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.
Forward Looking Statements
This press release contains forward-looking statements that are based on beliefs and assumptions and on information currently available. In some cases, you can identify forward-looking statements by the following words: “may,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “project,” “potential,” “continue,” “ongoing” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from the information expressed or implied by these forward-looking statements. Forward-looking statements in this press release include, but are not limited to, future events, goals, plans and projections regarding the Company’s financial position, results of operations, market position, product development and business strategy. Such differences may be material. We cannot assure you that the forward-looking statements in this press release will prove to be accurate. These forward looking statements are subject to a number of risks and uncertainties, including, among others, our revenues, the concentration of our customers and the ability to retain our current customers; our ability to negotiate with our customers on favorable terms; our ability to maintain and grow our brand and reputation cost-effectively; the execution of our growth strategy; the impact of factors outside our control including public health outbreaks, natural catastrophes, war and terrorism; our projected financial information, growth rate and market opportunity; the health of our industry, claim volumes, and market conditions; changes in the insurance and automotive collision industries, including the adoption of new technologies; global economic conditions and geopolitical events; competition in our market and our ability to retain and grow market share; our ability to develop, introduce and market new enhanced versions of our solutions; our sales and implementation cycles; the ability of our research and development efforts to create significant new revenue streams; changes in applicable laws or regulations; changes in international economic, political, social and governmental conditions and policies, including corruption risks in China and other countries; our reliance on third-party data, technology and intellectual property; our ability to protect our intellectual property; our ability to keep our data and information systems secure from data security breaches; changes in our customers’ or the public’s perceptions regarding the use of artificial intelligence; our ability to acquire or invest in companies or pursue business partnerships; our ability to raise financing in the future and improve our capital structure; our success in retaining or recruiting, or changes required in, our officers, key employees or directors; our estimates regarding expenses, future
revenue, capital requirements and needs for additional financing; our ability to expand or maintain our existing customer base; our ability to service our indebtedness; and other risks and uncertainties, including those included under the header “Risk Factors” in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025 filed with the Securities and Exchange Commission (“SEC”), which can be obtained, without charge, at the SEC’s website (www.sec.gov), and in our other filings with the SEC. The forward-looking statements in this press release represent our views as of the date of this press release. We anticipate that subsequent events and developments will cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we have no current intention of doing so except to the extent required by applicable law. You should, therefore, not rely on these forward-looking statements as representing our views as of any date subsequent to the date of this press release.
Non-GAAP Financial Measures
This press release includes certain financial measures not presented in accordance with generally accepted accounting principles in the U.S. (“GAAP”), including, but not limited to, “adjusted EBITDA,” “adjusted EBITDA margin,” “adjusted net income,” “adjusted operating income,” “adjusted gross profit,” “adjusted gross profit margin,” “adjusted operating expenses,” and “free cash flow” in each case presented on a non-GAAP basis, and certain ratios and other metrics derived therefrom. These non-GAAP financial measures are not measures of financial performance in accordance with GAAP and may exclude items that are significant in understanding and assessing the Company’s financial results. Therefore, these measures should not be considered in isolation or as an alternative to other measures of profitability, liquidity or performance under GAAP. You should be aware that the Company’s calculation of these non-GAAP measures may not be comparable to similarly-titled measures used by other companies.
The Company believes these non-GAAP measures of financial results provide useful information to management and investors regarding certain financial and business trends relating to the Company’s financial condition and results of operations. The Company believes that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating ongoing operating results and trends and in comparing the Company’s financial measures with other similar companies, many of which present similar non-GAAP financial measures to investors. These non-GAAP financial measures are subject to inherent limitations as they reflect the exercise of judgments by management about which expense and income are excluded or included in determining these non-GAAP financial measures. Please refer to the reconciliations of these measures below to what the Company believes are the most directly comparable measures evaluated in accordance with GAAP.
This press release also includes certain projections of non-GAAP financial measures. Due to the high variability and difficulty in making accurate forecasts and projections of some of the information excluded from these projected measures, together with some of the excluded information not being ascertainable or accessible, the Company is unable to quantify certain amounts that would be required to be included in the most directly comparable GAAP financial measures without unreasonable effort. Consequently, no disclosure of estimated comparable GAAP measures is included and no reconciliation of the forward-looking non-GAAP financial measures is included for these projections.
Investor Contact:
Bill Warmington
VP, Investor Relations, CCC Intelligent Solutions Inc.
312-229-2355
IR@cccis.com
Media Contact:
Michelle Hellyar
Senior Director, Public Relations, CCC Intelligent Solutions Inc.
mhellyar@cccis.com
CCC INTELLIGENT SOLUTIONS HOLDINGS INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, except share data)
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June 30, |
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December 31, |
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2026 |
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2025 |
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(Unaudited) |
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ASSETS |
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CURRENT ASSETS: |
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Cash and cash equivalents |
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$ |
115,857 |
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$ |
111,192 |
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Accounts receivable—Net of allowances of $3,702 and $3,773 as of June 30, 2026 and December 31, 2025, respectively |
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141,129 |
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137,056 |
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Income taxes receivable |
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17,134 |
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33,274 |
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Deferred contract costs |
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23,228 |
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24,923 |
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Other current assets |
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33,272 |
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28,653 |
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Total current assets |
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330,620 |
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335,098 |
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SOFTWARE, EQUIPMENT, AND PROPERTY—Net |
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171,905 |
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166,796 |
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OPERATING LEASE ASSETS |
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34,954 |
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36,047 |
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INTANGIBLE ASSETS—Net |
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964,898 |
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1,010,658 |
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GOODWILL |
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1,955,551 |
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1,955,551 |
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DEFERRED FINANCING FEES, REVOLVER—Net |
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1,184 |
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1,368 |
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DEFERRED CONTRACT COSTS |
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22,998 |
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22,479 |
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EQUITY METHOD INVESTMENT |
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10,228 |
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10,228 |
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OTHER ASSETS |
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39,590 |
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35,207 |
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TOTAL |
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$ |
3,531,928 |
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$ |
3,573,432 |
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LIABILITIES AND STOCKHOLDERS’ EQUITY |
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CURRENT LIABILITIES: |
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Accounts payable |
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$ |
20,163 |
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$ |
30,954 |
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Accrued expenses |
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75,304 |
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80,897 |
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Current portion of long-term debt |
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13,033 |
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13,033 |
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Current portion of long-term licensing agreement—Net |
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3,576 |
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3,466 |
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Operating lease liabilities |
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6,411 |
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7,785 |
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Deferred revenues |
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66,952 |
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72,793 |
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Note payable to minority investor |
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26,741 |
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25,197 |
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Total current liabilities |
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212,180 |
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234,125 |
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LONG-TERM DEBT—Net |
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1,259,345 |
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1,264,941 |
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DEFERRED INCOME TAXES—Net |
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206,775 |
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199,311 |
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LONG-TERM LICENSING AGREEMENT—Net |
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19,153 |
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20,968 |
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OPERATING LEASE LIABILITIES |
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50,948 |
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51,467 |
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OTHER LIABILITIES |
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10,979 |
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15,610 |
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Total liabilities |
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1,759,380 |
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1,786,422 |
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COMMITMENTS AND CONTINGENCIES (Notes 19 and 20) |
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STOCKHOLDERS’ EQUITY: |
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Preferred stock—$0.0001 par; 100,000,000 shares authorized; no shares issued or outstanding |
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— |
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— |
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Common stock—$0.0001 par; 5,000,000,000 shares authorized; 587,843,605 and |
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58 |
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60 |
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Additional paid-in capital |
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3,532,901 |
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3,483,031 |
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Accumulated deficit |
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(1,759,481 |
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(1,695,057 |
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Accumulated other comprehensive loss |
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(930 |
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(1,024 |
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Total stockholders’ equity |
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1,772,548 |
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1,787,010 |
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TOTAL |
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$ |
3,531,928 |
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$ |
3,573,432 |
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CCC INTELLIGENT SOLUTIONS HOLDINGS INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
(In thousands, except share and per share data)
(Unaudited)
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For the Three Months Ended |
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For the Six Months Ended |
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June 30, |
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June 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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REVENUES |
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$ |
285,931 |
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$ |
260,451 |
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$ |
567,205 |
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$ |
512,016 |
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COST OF REVENUES |
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Cost of revenues, exclusive of amortization of acquired technologies |
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70,925 |
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62,067 |
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138,952 |
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124,271 |
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Amortization of acquired technologies |
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4,368 |
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4,368 |
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8,737 |
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8,737 |
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Total cost of revenues |
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75,294 |
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66,435 |
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147,689 |
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133,008 |
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GROSS PROFIT |
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210,637 |
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194,016 |
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419,516 |
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379,008 |
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OPERATING EXPENSES: |
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Research and development |
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52,990 |
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59,929 |
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105,514 |
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121,692 |
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Selling and marketing |
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43,499 |
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43,475 |
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82,917 |
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91,772 |
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General and administrative |
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48,003 |
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47,630 |
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97,611 |
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114,748 |
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Amortization of intangible assets |
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18,512 |
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18,512 |
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37,024 |
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37,024 |
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Total operating expenses |
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163,004 |
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169,546 |
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323,066 |
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365,236 |
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OPERATING INCOME |
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47,633 |
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24,470 |
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96,450 |
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13,772 |
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INTEREST EXPENSE |
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(20,359 |
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(17,836 |
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(40,659 |
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(34,763 |
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INTEREST INCOME |
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743 |
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1,220 |
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1,685 |
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3,168 |
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OTHER INCOME (EXPENSE)—NET |
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2,567 |
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(2,057 |
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6,533 |
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(7,154 |
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PRETAX INCOME (LOSS) |
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30,584 |
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5,797 |
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64,009 |
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(24,977 |
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INCOME TAX (PROVISION) BENEFIT |
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(9,797 |
) |
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7,163 |
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(27,805 |
) |
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20,516 |
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NET INCOME (LOSS) INCLUDING NON-CONTROLLING |
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20,787 |
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12,960 |
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36,204 |
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(4,461 |
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LESS: ACCRETION OF REDEEMABLE NON-CONTROLLING INTEREST |
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— |
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— |
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— |
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(1,276 |
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NET INCOME (LOSS) ATTRIBUTABLE TO CCC INTELLIGENT |
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$ |
20,787 |
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$ |
12,960 |
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$ |
36,204 |
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$ |
(5,737 |
) |
Net income (loss) per share attributable to common stockholders: |
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Basic |
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$ |
0.04 |
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$ |
0.02 |
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$ |
0.06 |
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$ |
(0.01 |
) |
Diluted |
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$ |
0.04 |
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$ |
0.02 |
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$ |
0.06 |
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$ |
(0.01 |
) |
Weighted-average shares used in computing net income (loss) per share |
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Basic |
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573,413,846 |
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637,578,033 |
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580,442,460 |
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637,207,185 |
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Diluted |
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584,920,956 |
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660,622,703 |
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596,340,210 |
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637,207,185 |
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COMPREHENSIVE INCOME (LOSS): |
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Net income (loss) including non-controlling interest |
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20,787 |
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12,960 |
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36,204 |
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(4,461 |
) |
Other comprehensive income—Foreign currency translation |
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52 |
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53 |
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|
94 |
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|
38 |
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COMPREHENSIVE INCOME (LOSS) INCLUDING |
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20,839 |
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13,013 |
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36,298 |
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(4,423 |
) |
Less: accretion of redeemable non-controlling interest |
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— |
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— |
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— |
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(1,276 |
) |
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO CCC |
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$ |
20,839 |
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$ |
13,013 |
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$ |
36,298 |
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|
$ |
(5,699 |
) |
CCC INTELLIGENT SOLUTIONS HOLDINGS INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
(Unaudited)
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For the Six Months Ended |
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June 30, |
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2026 |
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2025 |
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CASH FLOWS FROM OPERATING ACTIVITIES: |
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Net income (loss) |
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$ |
36,204 |
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$ |
(4,461 |
) |
Adjustments to reconcile net income (loss) to net cash provided by operating activities: |
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Depreciation and amortization of software, equipment, and property |
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27,308 |
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27,373 |
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Amortization of intangible assets |
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45,761 |
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|
45,761 |
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Deferred income taxes |
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|
7,464 |
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(20,516 |
) |
Stock-based compensation |
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|
62,258 |
|
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|
107,023 |
|
Amortization of deferred financing fees |
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|
1,032 |
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|
935 |
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Amortization of discount on debt |
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72 |
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|
82 |
|
Change in fair value of derivative instruments |
|
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(7,505 |
) |
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|
8,381 |
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Noncash interest expense |
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1,544 |
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|
763 |
|
Changes in: |
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Accounts receivable—Net |
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(4,097 |
) |
|
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(25,488 |
) |
Deferred contract costs |
|
|
1,695 |
|
|
|
(785 |
) |
Other current assets |
|
|
(4,197 |
) |
|
|
2,069 |
|
Deferred contract costs—Non-current |
|
|
(519 |
) |
|
|
(1,589 |
) |
Other assets |
|
|
(3,992 |
) |
|
|
(1,078 |
) |
Operating lease assets |
|
|
1,093 |
|
|
|
1,328 |
|
Income taxes |
|
|
18,516 |
|
|
|
(27,824 |
) |
Accounts payable |
|
|
(10,790 |
) |
|
|
(823 |
) |
Accrued expenses |
|
|
(3,725 |
) |
|
|
(9,231 |
) |
Operating lease liabilities |
|
|
(1,893 |
) |
|
|
(2,307 |
) |
Deferred revenues |
|
|
(5,841 |
) |
|
|
4,838 |
|
Other liabilities |
|
|
(1,353 |
) |
|
|
(2,903 |
) |
Net cash provided by operating activities |
|
|
159,035 |
|
|
|
101,548 |
|
CASH FLOWS FROM INVESTING ACTIVITIES: |
|
|
|
|
|
|
||
Purchases of software, equipment, and property |
|
|
(35,002 |
) |
|
|
(30,549 |
) |
Acquisition of EvolutionIQ, Inc., net of cash acquired |
|
|
— |
|
|
|
(415,133 |
) |
Net cash used in investing activities |
|
|
(35,002 |
) |
|
|
(445,682 |
) |
CASH FLOWS FROM FINANCING ACTIVITIES: |
|
|
|
|
|
|
||
Proceeds from exercise of stock options |
|
|
3,868 |
|
|
|
1,934 |
|
Proceeds from employee stock purchase plan |
|
|
1,284 |
|
|
|
1,650 |
|
Payments for employee taxes withheld upon vesting of equity awards |
|
|
(17,961 |
) |
|
|
(44,352 |
) |
Repurchase of common stock |
|
|
(100,166 |
) |
|
|
(172,495 |
) |
Proceeds from issuance of long-term debt |
|
|
— |
|
|
|
225,000 |
|
Payments of fees associated with the debt modification |
|
|
— |
|
|
|
(6,565 |
) |
Principal payments on long-term debt |
|
|
(6,517 |
) |
|
|
(5,005 |
) |
Net cash (used in) provided by financing activities |
|
|
(119,492 |
) |
|
|
167 |
|
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS |
|
|
124 |
|
|
|
37 |
|
NET CHANGE IN CASH AND CASH EQUIVALENTS |
|
|
4,665 |
|
|
|
(343,930 |
) |
CASH AND CASH EQUIVALENTS: |
|
|
|
|
|
|
||
Beginning of period |
|
|
111,192 |
|
|
|
398,983 |
|
End of period |
|
$ |
115,857 |
|
|
$ |
55,053 |
|
NONCASH INVESTING AND FINANCING ACTIVITIES: |
|
|
|
|
|
|
||
Noncash purchases of software, equipment, and property |
|
$ |
2,633 |
|
|
$ |
— |
|
Stock issued related the acquisition of EvolutionIQ, Inc. |
|
$ |
— |
|
|
$ |
250,441 |
|
Issuance of promissory note to minority investor of redeemable preferred securities |
|
$ |
— |
|
|
$ |
22,955 |
|
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: |
|
|
|
|
|
|
||
Cash paid for interest |
|
$ |
38,080 |
|
|
$ |
33,616 |
|
Cash paid for income taxes—Net |
|
$ |
1,824 |
|
|
$ |
26,628 |
|
CCC INTELLIGENT SOLUTIONS HOLDINGS INC. AND SUBSIDIARIES
RECONCILIATION OF GROSS PROFIT TO ADJUSTED GROSS PROFIT
(In thousands, except profit margin percentage data)
(Unaudited)
|
|
Three Months Ended June 30, |
|
|
Six Months Ended June 30, |
|
||||||||||
(amounts in thousands, except percentages) |
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
||||
Gross Profit |
|
$ |
210,637 |
|
|
$ |
194,016 |
|
|
$ |
419,516 |
|
|
$ |
379,008 |
|
Amortization of acquired technologies |
|
|
4,368 |
|
|
|
4,368 |
|
|
|
8,737 |
|
|
|
8,737 |
|
Stock-based compensation and related employer payroll tax |
|
|
2,267 |
|
|
|
4,137 |
|
|
|
4,649 |
|
|
|
7,238 |
|
Adjusted Gross Profit |
|
$ |
217,272 |
|
|
$ |
202,521 |
|
|
$ |
432,902 |
|
|
$ |
394,983 |
|
Gross Profit Margin |
|
|
74 |
% |
|
|
74 |
% |
|
|
74 |
% |
|
|
74 |
% |
Adjusted Gross Profit Margin |
|
|
76 |
% |
|
|
78 |
% |
|
|
76 |
% |
|
|
77 |
% |
CCC INTELLIGENT SOLUTIONS HOLDINGS INC. AND SUBSIDIARIES
RECONCILIATION OF GAAP OPERATING EXPENSES TO ADJUSTED OPERATING EXPENSES
(In thousands)
(Unaudited)
|
|
Three Months Ended June 30, |
|
|
Six Months Ended June 30, |
|
||||||||||
(dollar amounts in thousands) |
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
||||
Operating expenses |
|
$ |
163,004 |
|
|
$ |
169,546 |
|
|
$ |
323,066 |
|
|
$ |
365,236 |
|
Amortization of intangible assets |
|
|
(18,512 |
) |
|
|
(18,512 |
) |
|
|
(37,024 |
) |
|
|
(37,024 |
) |
Stock-based compensation expense and related employer payroll tax |
|
|
(28,268 |
) |
|
|
(42,121 |
) |
|
|
(60,954 |
) |
|
|
(104,939 |
) |
M&A and integration costs |
|
|
(507 |
) |
|
|
(348 |
) |
|
|
(507 |
) |
|
|
(7,967 |
) |
Equity transaction costs, including secondary offerings |
|
|
— |
|
|
|
(165 |
) |
|
|
— |
|
|
|
(452 |
) |
Litigation proceeds, net |
|
|
— |
|
|
|
(125 |
) |
|
|
— |
|
|
|
3,665 |
|
Debt refinancing costs |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(3,119 |
) |
Adjusted Operating Expenses |
|
$ |
115,717 |
|
|
$ |
108,275 |
|
|
$ |
224,581 |
|
|
$ |
215,400 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
CCC INTELLIGENT SOLUTIONS HOLDINGS INC. AND SUBSIDIARIES
RECONCILIATION OF GAAP OPERATING INCOME TO ADJUSTED OPERATING INCOME
(In thousands)
(Unaudited)
|
|
Three Months Ended June 30, |
|
|
Six Months Ended June 30, |
|
||||||||||
(dollar amounts in thousands) |
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
||||
Operating income |
|
$ |
47,633 |
|
|
$ |
24,470 |
|
|
$ |
96,450 |
|
|
$ |
13,772 |
|
Amortization of intangible assets |
|
|
18,512 |
|
|
|
18,512 |
|
|
|
37,024 |
|
|
|
37,024 |
|
Amortization of acquired technologies—Cost of revenue |
|
|
4,368 |
|
|
|
4,368 |
|
|
|
8,737 |
|
|
|
8,737 |
|
Stock-based compensation expense and related employer payroll tax |
|
|
30,535 |
|
|
|
46,258 |
|
|
|
65,603 |
|
|
|
112,177 |
|
M&A and integration costs |
|
|
507 |
|
|
|
348 |
|
|
|
507 |
|
|
|
7,967 |
|
Equity transaction costs, including secondary offerings |
|
|
— |
|
|
|
165 |
|
|
|
— |
|
|
|
452 |
|
Litigation proceeds, net |
|
|
— |
|
|
|
125 |
|
|
|
— |
|
|
|
(3,665 |
) |
Debt refinancing costs |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
3,119 |
|
Adjusted Operating Income |
|
$ |
101,555 |
|
|
$ |
94,246 |
|
|
$ |
208,321 |
|
|
$ |
179,583 |
|
CCC INTELLIGENT SOLUTIONS HOLDINGS INC. AND SUBSIDIARIES
RECONCILIATION OF GAAP NET INCOME (LOSS) TO ADJUSTED EBITDA
(In thousands, except for EBITDA margin percentage data)
(Unaudited)
|
|
Three Months Ended June 30, |
|
|
Six Months Ended June 30, |
|
||||||||||
(dollar amounts in thousands) |
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
||||
Net income (loss) |
|
$ |
20,787 |
|
|
$ |
12,960 |
|
|
$ |
36,204 |
|
|
$ |
(4,461 |
) |
Interest expense |
|
|
20,359 |
|
|
|
17,836 |
|
|
|
40,659 |
|
|
|
34,763 |
|
Interest income |
|
|
(743 |
) |
|
|
(1,220 |
) |
|
|
(1,685 |
) |
|
|
(3,168 |
) |
Income tax provision (benefit) |
|
|
9,797 |
|
|
|
(7,163 |
) |
|
|
27,805 |
|
|
|
(20,516 |
) |
Amortization of intangible assets |
|
|
18,512 |
|
|
|
18,512 |
|
|
|
37,024 |
|
|
|
37,024 |
|
Amortization of acquired technologies—Cost of revenue |
|
|
4,368 |
|
|
|
4,368 |
|
|
|
8,737 |
|
|
|
8,737 |
|
Depreciation and amortization of software, equipment and property |
|
|
2,001 |
|
|
|
2,231 |
|
|
|
4,020 |
|
|
|
4,495 |
|
Depreciation and amortization of software, equipment and property—Cost of revenue |
|
|
11,913 |
|
|
|
11,548 |
|
|
|
23,288 |
|
|
|
22,878 |
|
Stock-based compensation expense and related employer payroll tax |
|
|
30,535 |
|
|
|
46,258 |
|
|
|
65,603 |
|
|
|
112,177 |
|
M&A and integration costs |
|
|
507 |
|
|
|
348 |
|
|
|
507 |
|
|
|
7,967 |
|
Litigation proceeds, net |
|
|
— |
|
|
|
125 |
|
|
|
— |
|
|
|
(3,665 |
) |
Debt refinancing costs |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
3,119 |
|
Equity transaction costs, including secondary offerings |
|
|
— |
|
|
|
165 |
|
|
|
— |
|
|
|
452 |
|
Change in fair value of derivative instruments |
|
|
(3,110 |
) |
|
|
2,640 |
|
|
|
(7,505 |
) |
|
|
8,381 |
|
Expense (Income) from derivative instruments |
|
|
552 |
|
|
|
(492 |
) |
|
|
1,021 |
|
|
|
(989 |
) |
Adjusted EBITDA |
|
$ |
115,478 |
|
|
$ |
108,116 |
|
|
$ |
235,678 |
|
|
$ |
207,194 |
|
Adjusted EBITDA Margin |
|
|
40 |
% |
|
|
42 |
% |
|
|
42 |
% |
|
|
40 |
% |
CCC INTELLIGENT SOLUTIONS HOLDINGS INC. AND SUBSIDIARIES
RECONCILIATION OF GAAP NET INCOME (LOSS) TO ADJUSTED NET INCOME
(In thousands, except share and per share data)
(Unaudited)
|
|
Three Months Ended June 30, |
|
|
Six Months Ended June 30, |
|
||||||||||
(dollar amounts in thousands) |
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
||||
Net income (loss) |
|
$ |
20,787 |
|
|
$ |
12,960 |
|
|
$ |
36,204 |
|
|
$ |
(4,461 |
) |
Amortization of intangible assets |
|
|
18,512 |
|
|
|
18,512 |
|
|
|
37,024 |
|
|
|
37,024 |
|
Amortization of acquired technologies—Cost of revenue |
|
|
4,368 |
|
|
|
4,368 |
|
|
|
8,737 |
|
|
|
8,737 |
|
Stock-based compensation expense and related employer payroll tax |
|
|
30,535 |
|
|
|
46,258 |
|
|
|
65,603 |
|
|
|
112,177 |
|
M&A and integration costs |
|
|
507 |
|
|
|
348 |
|
|
|
507 |
|
|
|
7,967 |
|
Litigation proceeds, net |
|
|
— |
|
|
|
125 |
|
|
|
— |
|
|
|
(3,665 |
) |
Debt refinancing costs |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
3,119 |
|
Equity transaction costs, including secondary offerings |
|
|
— |
|
|
|
165 |
|
|
|
— |
|
|
|
452 |
|
Change in fair value of derivative instruments |
|
|
(3,110 |
) |
|
|
2,640 |
|
|
|
(7,505 |
) |
|
|
8,381 |
|
Tax effect of adjustments |
|
|
(10,319 |
) |
|
|
(26,521 |
) |
|
|
(12,481 |
) |
|
|
(56,394 |
) |
Adjusted Net Income |
|
$ |
61,280 |
|
|
$ |
58,855 |
|
|
$ |
128,089 |
|
|
$ |
113,337 |
|
Adjusted Net Income Per Share attributable to common stockholders: |
|
|
|
|
|
|
|
|
|
|
|
|
||||
Basic |
|
$ |
0.11 |
|
|
$ |
0.09 |
|
|
$ |
0.22 |
|
|
$ |
0.18 |
|
Diluted |
|
$ |
0.10 |
|
|
$ |
0.09 |
|
|
$ |
0.21 |
|
|
$ |
0.17 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Weighted average shares outstanding: |
|
|
|
|
|
|
|
|
|
|
|
|
||||
Basic |
|
|
573,413,846 |
|
|
|
637,578,033 |
|
|
|
580,442,460 |
|
|
|
637,207,185 |
|
Diluted |
|
|
584,920,956 |
|
|
|
660,622,703 |
|
|
|
596,340,210 |
|
|
|
666,130,181 |
|
CCC INTELLIGENT SOLUTIONS HOLDINGS INC. AND SUBSIDIARIES
RECONCILIATION OF NET CASH FLOW FROM OPERATING ACTIVITIES TO FREE CASH FLOW
(In thousands)
(Unaudited)
|
|
Three Months Ended June 30, |
|
|
Six Months Ended June 30, |
|
||||||||||
(dollar amounts in thousands) |
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
||||
Net cash provided by operating activities |
|
$ |
101,574 |
|
|
$ |
43,056 |
|
|
$ |
159,035 |
|
|
$ |
101,548 |
|
Purchases of software, equipment, and property |
|
|
(19,126 |
) |
|
|
(15,703 |
) |
|
|
(35,002 |
) |
|
|
(30,549 |
) |
Free Cash Flow |
|
$ |
82,448 |
|
|
$ |
27,353 |
|
|
$ |
124,033 |
|
|
$ |
70,999 |
|