Form 8-K

8-K — CCC Intelligent Solutions Holdings Inc.

Accession: 0001193125-26-324886

Filed: 2026-07-30

Period: 2026-07-30

CIK: 0001818201

SIC: 7372 (SERVICES-PREPACKAGED SOFTWARE)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — ccc-20260730.htm (Primary)

EX-99.1 (ccc-ex99_1.htm)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: ccc-20260730.htm · Sequence: 1

8-K

false000181820100018182012026-07-302026-07-30

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): July 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

Not Applicable

(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 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

Exhibit Number

Description

99.1

Press release, dated July 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:

July 30, 2026

By:

/s/ Rodney Christo

Name:

Title:

Rodney Christo

Interim Chief Financial Officer and Chief Accounting Officer

EX-99.1

Filename: ccc-ex99_1.htm · Sequence: 2

EX-99.1

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

•

Total revenue was $285.9 million for the second quarter of 2026, an increase of 9.8% from $260.5 million for the second quarter of 2025.

Profitability

•

GAAP gross profit was $210.6 million, representing a gross margin of 74%, for the second quarter of 2026, compared with $194.0 million, representing a gross margin of 74%, for the second quarter of 2025. Adjusted gross profit was $217.3 million, representing an adjusted gross profit margin of 76%, for the second quarter of 2026, compared with $202.5 million, representing an adjusted gross profit margin of 78%, for the second quarter of 2025.

•

GAAP operating income was $47.6 million for the second quarter of 2026, compared with GAAP operating income of $24.5 million for the second quarter of 2025. Adjusted operating income was $101.6 million for the second quarter of 2026, compared with adjusted operating income of $94.2 million for the second quarter of 2025.

•

GAAP net income was $20.8 million for the second quarter of 2026, compared with GAAP net income of $13.0 million for the second quarter of 2025. Adjusted net income was $61.3 million for the second quarter of 2026, compared with $58.9 million for the second quarter of 2025.

•

Adjusted EBITDA was $115.5 million for the second quarter of 2026, up 6.8% compared with adjusted EBITDA of $108.1 million for the second quarter of 2025.

Liquidity

•

CCC had $115.9 million in cash and cash equivalents and $1.27 billion of total debt as of June 30, 2026. The Company generated $101.6 million in cash from operating activities and had free cash flow of $82.4 million for the second quarter of 2026, compared with $43.1 million in cash generated from operating activities and free cash flow of $27.4 million for the second quarter of 2025.

2nd Quarter and Recent Business Highlights

•

Large insurers continue to operationalize AI-enabled workflows. During the quarter, two top-five insurers (based on 2025 direct premium written) expanded their adoption of CCC’s AI-based claims routing solution, underscoring growing demand for AI-powered claims routing and early total-loss identification capabilities. These wins provide further evidence of the meaningful operational and financial benefits the solution can deliver, helping insurers identify total losses sooner, improve repair facility capacity utilization, and accelerate resolution for policyholders

•

Leading insurer adopts AI-enabled subrogation solution. During the quarter, a top-five insurer (based on 2025 direct premium written) adopted CCC’s AI-based subrogation solution, becoming the largest carrier to do so to date and rapidly scaling deployment under a multi-year agreement. The win reflects growing demand for AI-enabled automation in complex, high-value claims workflows where accuracy and consistency are critical.

•

Leading MSO contract renewal and expansion. One of the nation’s largest multi-store operators (MSOs) renewed and expanded its multi-year relationship with CCC during the second quarter. The customer is also a leading adopter of

Mobile Jumpstart, CCC's AI-powered estimating solution for repair facilities, using the platform to initiate 98% of its repair estimates. Broader adoption of AI-enabled workflows across the repair industry was reflected in two additional large MSOs that expanded their use of Mobile Jumpstart, driving double-digit increases in both participating repair facilities and estimates initiated through the platform.

Business Outlook

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

Third Quarter 2026

Full Year 2026

Revenue

289.5 million to $291.5 million

1.158 billion to $1.164 billion

Adjusted EBITDA

118.0 million to $120.0 million

485.0 million to $491.0 million

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)

June 30,

December 31,

2026

2025

(Unaudited)

ASSETS

CURRENT ASSETS:

Cash and cash equivalents

115,857

111,192

Accounts receivable—Net of allowances of $3,702 and $3,773 as of June 30, 2026 and December 31, 2025, respectively

141,129

137,056

Income taxes receivable

17,134

33,274

Deferred contract costs

23,228

24,923

Other current assets

33,272

28,653

Total current assets

330,620

335,098

SOFTWARE, EQUIPMENT, AND PROPERTY—Net

171,905

166,796

OPERATING LEASE ASSETS

34,954

36,047

INTANGIBLE ASSETS—Net

964,898

1,010,658

GOODWILL

1,955,551

DEFERRED FINANCING FEES, REVOLVER—Net

1,184

1,368

DEFERRED CONTRACT COSTS

22,998

22,479

EQUITY METHOD INVESTMENT

10,228

OTHER ASSETS

39,590

35,207

TOTAL

3,531,928

3,573,432

LIABILITIES AND STOCKHOLDERS’ EQUITY

CURRENT LIABILITIES:

Accounts payable

20,163

30,954

Accrued expenses

75,304

80,897

Current portion of long-term debt

13,033

Current portion of long-term licensing agreement—Net

3,576

3,466

Operating lease liabilities

6,411

7,785

Deferred revenues

66,952

72,793

Note payable to minority investor

26,741

25,197

Total current liabilities

212,180

234,125

LONG-TERM DEBT—Net

1,259,345

1,264,941

DEFERRED INCOME TAXES—Net

206,775

199,311

LONG-TERM LICENSING AGREEMENT—Net

19,153

20,968

OPERATING LEASE LIABILITIES

50,948

51,467

OTHER LIABILITIES

10,979

15,610

Total liabilities

1,759,380

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; 587,843,605 and

605,449,050 shares issued and outstanding as of June 30, 2026 and December 31, 2025,

respectively

Additional paid-in capital

3,532,901

3,483,031

Accumulated deficit

(1,759,481

)

(1,695,057

)

Accumulated other comprehensive loss

(930

)

(1,024

)

Total stockholders’ equity

1,772,548

1,787,010

TOTAL

3,531,928

3,573,432

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)

For the Three Months Ended

For the Six Months Ended

June 30,

2026

2025

2026

2025

REVENUES

285,931

260,451

567,205

512,016

COST OF REVENUES

Cost of revenues, exclusive of amortization of acquired technologies

70,925

62,067

138,952

124,271

Amortization of acquired technologies

4,368

8,737

Total cost of revenues

75,294

66,435

147,689

133,008

GROSS PROFIT

210,637

194,016

419,516

379,008

OPERATING EXPENSES:

Research and development

52,990

59,929

105,514

121,692

Selling and marketing

43,499

43,475

82,917

91,772

General and administrative

48,003

47,630

97,611

114,748

Amortization of intangible assets

18,512

37,024

Total operating expenses

163,004

169,546

323,066

365,236

OPERATING INCOME

47,633

24,470

96,450

13,772

INTEREST EXPENSE

(20,359

)

(17,836

)

(40,659

)

(34,763

)

INTEREST INCOME

743

1,220

1,685

3,168

OTHER INCOME (EXPENSE)—NET

2,567

(2,057

)

6,533

(7,154

)

PRETAX INCOME (LOSS)

30,584

5,797

64,009

(24,977

)

INCOME TAX (PROVISION) BENEFIT

(9,797

)

7,163

(27,805

)

20,516

NET INCOME (LOSS) INCLUDING NON-CONTROLLING

INTEREST

20,787

12,960

36,204

(4,461

)

LESS: ACCRETION OF REDEEMABLE NON-CONTROLLING INTEREST

—

(1,276

)

NET INCOME (LOSS) ATTRIBUTABLE TO CCC INTELLIGENT

SOLUTIONS HOLDINGS INC. COMMON STOCKHOLDERS

20,787

12,960

36,204

(5,737

)

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

Basic

0.04

0.02

0.06

(0.01

)

Diluted

0.04

0.02

0.06

(0.01

)

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

attributable to common stockholders:

Basic

573,413,846

637,578,033

580,442,460

637,207,185

Diluted

584,920,956

660,622,703

596,340,210

637,207,185

COMPREHENSIVE INCOME (LOSS):

Net income (loss) including non-controlling interest

20,787

12,960

36,204

(4,461

)

Other comprehensive income—Foreign currency translation

adjustment

COMPREHENSIVE INCOME (LOSS) INCLUDING

NON-CONTROLLING INTEREST

20,839

13,013

36,298

(4,423

)

Less: accretion of redeemable non-controlling interest

—

(1,276

)

COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO CCC

INTELLIGENT SOLUTIONS HOLDINGS INC. COMMON

STOCKHOLDERS

20,839

13,013

36,298

(5,699

)

CCC INTELLIGENT SOLUTIONS HOLDINGS INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(In thousands)

(Unaudited)

For the Six Months Ended

June 30,

2026

2025

CASH FLOWS FROM OPERATING ACTIVITIES:

Net income (loss)

36,204

(4,461

)

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

Depreciation and amortization of software, equipment, and property

27,308

27,373

Amortization of intangible assets

45,761

Deferred income taxes

7,464

(20,516

)

Stock-based compensation

62,258

107,023

Amortization of deferred financing fees

1,032

935

Amortization of discount on debt

Change in fair value of derivative instruments

(7,505

)

8,381

Noncash interest expense

1,544

763

Changes in:

Accounts receivable—Net

(4,097

)

(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

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

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

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 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

37,024

Amortization of acquired technologies—Cost of revenue

4,368

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

37,024

Amortization of acquired technologies—Cost of revenue

4,368

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

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

37,024

Amortization of acquired technologies—Cost of revenue

4,368

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

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