Form 8-K

8-K — CCC Intelligent Solutions Holdings Inc.

Accession: 0001193125-26-193969

Filed: 2026-04-30

Period: 2026-04-30

CIK: 0001818201

SIC: 7372 (SERVICES-PREPACKAGED SOFTWARE)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — ccc-20260430.htm (Primary)

EX-99.1 (ccc-ex99_1.htm)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: ccc-20260430.htm · Sequence: 1

8-K

false000181820100018182012026-04-302026-04-30

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

Date of Report (Date of earliest event reported): April 30, 2026

CCC Intelligent Solutions Holdings Inc.

(Exact name of Registrant as Specified in Its Charter)

Delaware

001-39447

98-1546280

(State or Other Jurisdiction

of Incorporation)

(Commission File Number)

(IRS Employer

Identification No.)

167 N. Green Street, 9th Floor

Chicago, Illinois

60607

(Address of Principal Executive Offices)

(Zip Code)

Registrant’s Telephone Number, Including Area Code: (800) 621-8070

(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:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading

Symbol(s)

Name of each exchange on which registered

Common stock, par value $0.0001 per share

CCC

The Nasdaq Stock Market LLC

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 April 30, 2026, announcing the financial results of CCC Intelligent Solutions Holdings Inc. for the quarter ended March 31, 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

Exhibit Number

Description

99.1

Press release, dated April 30, 2026

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.

CCC INTELLIGENT SOLUTIONS HOLDINGS INC.

Date:

April 30, 2026

By:

/s/ Brian Herb

Name:

Title:

Brian Herb

Executive Vice President, Chief Financial and Administrative Officer

EX-99.1

Filename: ccc-ex99_1.htm · Sequence: 2

EX-99.1

Exhibit 99.1

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.

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)

March 31,

December 31,

2026

2025

(Unaudited)

ASSETS

CURRENT ASSETS:

Cash and cash equivalents

36,900

111,192

Accounts receivable—Net of allowances of $4,013 and $3,773 as of March 31, 2026 and December 31, 2025, respectively

140,491

137,056

Income taxes receivable

16,941

33,274

Deferred contract costs

23,499

24,923

Other current assets

33,065

28,653

Total current assets

250,896

335,098

SOFTWARE, EQUIPMENT, AND PROPERTY—Net

169,007

166,796

OPERATING LEASE ASSETS

35,396

36,047

INTANGIBLE ASSETS—Net

987,778

1,010,658

GOODWILL

1,955,551

DEFERRED FINANCING FEES, REVOLVER—Net

1,276

1,368

DEFERRED CONTRACT COSTS

22,525

22,479

EQUITY METHOD INVESTMENT

10,228

OTHER ASSETS

38,131

35,207

TOTAL

3,470,788

3,573,432

LIABILITIES AND STOCKHOLDERS’ EQUITY

CURRENT LIABILITIES:

Accounts payable

23,613

30,954

Accrued expenses

55,922

80,897

Current portion of long-term debt

13,033

Current portion of long-term licensing agreement—Net

3,521

3,466

Operating lease liabilities

6,760

7,785

Deferred revenues

71,479

72,793

Note payable to minority investor

25,953

25,197

Total current liabilities

200,281

234,125

LONG-TERM DEBT—Net

1,262,138

1,264,941

DEFERRED INCOME TAXES—Net

202,108

199,311

LONG-TERM LICENSING AGREEMENT—Net

20,068

20,968

OPERATING LEASE LIABILITIES

51,626

51,467

OTHER LIABILITIES

13,417

15,610

Total liabilities

1,749,638

1,786,422

COMMITMENTS AND CONTINGENCIES (Notes 19 and 20)

STOCKHOLDERS’ EQUITY:

Preferred stock—$0.0001 par; 100,000,000 shares authorized; no shares issued or outstanding

—

Common stock—$0.0001 par; 5,000,000,000 shares authorized; 586,695,554 and

605,449,050 shares issued and outstanding as of March 31, 2026 and December 31, 2025,

respectively

Additional paid-in capital

3,502,400

3,483,031

Accumulated deficit

(1,780,326

)

(1,695,057

)

Accumulated other comprehensive loss

(982

)

(1,024

)

Total stockholders’ equity

1,721,150

1,787,010

TOTAL

3,470,788

3,573,432

CCC INTELLIGENT SOLUTIONS HOLDINGS INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME

(In thousands, except share and per share data)

(Unaudited)

For the Three Months Ended

March 31,

2026

2025

REVENUES

281,274

251,565

COST OF REVENUES

Cost of revenues, exclusive of amortization of acquired technologies

68,027

62,205

Amortization of acquired technologies

4,368

Total cost of revenues

72,395

66,573

GROSS PROFIT

208,879

184,992

OPERATING EXPENSES:

Research and development

52,524

61,763

Selling and marketing

39,418

48,297

General and administrative

49,608

67,119

Amortization of intangible assets

18,512

Total operating expenses

160,062

195,691

OPERATING INCOME (LOSS)

48,817

(10,699

)

INTEREST EXPENSE

(20,300

)

(16,926

)

INTEREST INCOME

942

1,948

OTHER INCOME (EXPENSE)—NET

3,966

(5,097

)

PRETAX INCOME (LOSS)

33,425

(30,774

)

INCOME TAX (PROVISION) BENEFIT

(18,008

)

13,353

NET INCOME (LOSS) INCLUDING NON-CONTROLLING

INTEREST

15,417

(17,421

)

LESS: ACCRETION OF REDEEMABLE NON-CONTROLLING INTEREST

—

(1,276

)

NET INCOME (LOSS) ATTRIBUTABLE TO CCC INTELLIGENT

SOLUTIONS HOLDINGS INC. COMMON STOCKHOLDERS

15,417

(18,697

)

Net income (loss) per share attributable to common stockholders:

Basic

0.03

(0.03

)

Diluted

0.03

(0.03

)

Weighted-average shares used in computing net income (loss) per share

attributable to common stockholders:

Basic

587,380,660

636,832,216

Diluted

607,022,694

636,832,216

COMPREHENSIVE INCOME (LOSS):

Net income (loss) including non-controlling interest

15,417

(17,421

)

Other comprehensive income—Foreign currency translation

adjustment

(15

)

COMPREHENSIVE INCOME (LOSS) INCLUDING

NON-CONTROLLING INTEREST

15,459

(17,436

)

Less: accretion of redeemable non-controlling interest

—

(1,276

)

COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO CCC

INTELLIGENT SOLUTIONS HOLDINGS INC. COMMON STOCKHOLDERS

15,459

(18,712

)

CCC INTELLIGENT SOLUTIONS HOLDINGS INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(In thousands)

(Unaudited)

For the Three Months Ended

March 31,

2026

2025

CASH FLOWS FROM OPERATING ACTIVITIES:

Net income (loss)

15,417

(17,421

)

Adjustments to reconcile net income (loss) to net cash provided by operating activities:

Depreciation and amortization of software, equipment, and property

13,393

13,595

Amortization of intangible assets

22,880

Deferred income taxes

2,797

(13,354

)

Stock-based compensation

31,871

61,048

Amortization of deferred financing fees

511

474

Amortization of discount on debt

Change in fair value of derivative instruments

(4,395

)

5,741

Noncash interest expense

756

—

Changes in:

Accounts receivable—Net

(3,437

)

7,364

Deferred contract costs

1,424

(511

)

Other current assets

(4,412

)

(2,394

)

Deferred contract costs—Non-current

(46

)

(603

)

Other assets

(2,924

)

(2,346

)

Operating lease assets

651

701

Income taxes

17,319

(1,100

)

Accounts payable

(7,341

)

4,956

Accrued expenses

(25,104

)

(20,983

)

Operating lease liabilities

(866

)

(1,292

)

Deferred revenues

(1,314

)

1,604

Other liabilities

245

Net cash provided by operating activities

57,461

58,492

CASH FLOWS FROM INVESTING ACTIVITIES:

Purchases of software, equipment, and property

(15,876

)

(14,846

)

Acquisition of EvolutionIQ, Inc., net of cash acquired

—

(415,133

)

Net cash used in investing activities

(15,876

)

(429,979

)

CASH FLOWS FROM FINANCING ACTIVITIES:

Proceeds from exercise of stock options

3,487

1,004

Proceeds from employee stock purchase plan

1,284

1,650

Payments for employee taxes withheld upon vesting of equity awards

(17,272

)

(43,471

)

Repurchase of common stock

(100,166

)

(72,275

)

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

(3,258

)

(2,503

)

Net cash (used in) provided by financing activities

(115,925

)

102,840

NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS

(13

)

NET CHANGE IN CASH AND CASH EQUIVALENTS

(74,292

)

(268,660

)

CASH AND CASH EQUIVALENTS:

Beginning of period

111,192

398,983

End of period

36,900

130,323

NONCASH INVESTING AND FINANCING ACTIVITIES:

Noncash purchases of software, equipment, and property

896

—

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

19,008

16,358

Cash (received) paid for income taxes—Net

(2,109

)

445

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 March 31,

(amounts in thousands, except percentages)

2026

2025

Gross Profit

208,879

184,992

Amortization of acquired technologies

4,368

Stock-based compensation and related employer payroll tax

2,382

3,101

Adjusted Gross Profit

215,629

192,461

Gross Profit Margin

Adjusted Gross Profit Margin

CCC INTELLIGENT SOLUTIONS HOLDINGS INC. AND SUBSIDIARIES

RECONCILIATION OF GAAP OPERATING EXPENSES TO ADJUSTED OPERATING EXPENSES

(In thousands)

(Unaudited)

Three Months Ended March 31,

(dollar amounts in thousands)

2026

2025

Operating expenses

160,062

195,691

Amortization of intangible assets

(18,512

)

(18,512

)

Stock-based compensation expense and related employer payroll tax

(32,686

)

(62,818

)

M&A and integration costs

—

(7,619

)

Litigation proceeds, net

—

3,790

Debt refinancing costs

—

(3,119

)

Equity transaction costs, including secondary offerings

—

(287

)

Adjusted Operating Expenses

108,864

107,126

CCC INTELLIGENT SOLUTIONS HOLDINGS INC. AND SUBSIDIARIES

RECONCILIATION OF GAAP OPERATING INCOME TO ADJUSTED OPERATING INCOME

(In thousands)

(Unaudited)

Three Months Ended March 31,

(dollar amounts in thousands)

2026

2025

Operating income (loss)

48,817

(10,699

)

Amortization of intangible assets

18,512

Amortization of acquired technologies—Cost of revenue

4,368

Stock-based compensation expense and related employer payroll tax

35,068

65,919

M&A and integration costs

—

7,619

Litigation proceeds, net

—

(3,790

)

Debt refinancing costs

—

3,119

Equity transaction costs, including secondary offerings

—

287

Adjusted Operating Income

106,765

85,335

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 March 31,

(dollar amounts in thousands)

2026

2025

Net income (loss)

15,417

(17,421

)

Interest expense

20,300

16,926

Interest income

(942

)

(1,948

)

Income tax provision (benefit)

18,008

(13,353

)

Amortization of intangible assets

18,512

Amortization of acquired technologies—Cost of revenue

4,368

Depreciation and amortization of software, equipment and property

2,018

2,264

Depreciation and amortization of software, equipment and property—Cost of revenue

11,375

11,331

Stock-based compensation expense and related employer payroll tax

35,068

65,919

M&A and integration costs

—

7,619

Litigation proceeds, net

—

(3,790

)

Debt refinancing costs

—

3,119

Equity transaction costs, including secondary offerings

—

287

Change in fair value of derivative instruments

(4,395

)

5,741

Expense (Income) from derivative instruments

469

(497

)

Adjusted EBITDA

120,198

99,077

Adjusted EBITDA Margin

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 March 31,

(dollar amounts in thousands)

2026

2025

Net income (loss)

15,417

(17,421

)

Amortization of intangible assets

18,512

Amortization of acquired technologies—Cost of revenue

4,368

Stock-based compensation expense and related employer payroll tax

35,068

65,919

M&A and integration costs

—

7,619

Litigation proceeds, net

—

(3,790

)

Debt refinancing costs

—

3,119

Equity transaction costs, including secondary offerings

—

287

Change in fair value of derivative instruments

(4,395

)

5,741

Tax effect of adjustments

(2,162

)

(29,873

)

Adjusted Net Income

66,808

54,481

Adjusted Net Income Per Share attributable to common stockholders:

Basic

0.11

0.09

Diluted

0.11

0.08

Weighted average shares outstanding:

Basic

587,380,660

636,832,216

Diluted

607,022,694

669,658,149

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 March 31,

(dollar amounts in thousands)

2026

2025

Net cash provided by operating activities

57,461

58,492

Purchases of software, equipment, and property

(15,876

)

(14,846

)

Free Cash Flow

41,585

43,646

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