Quarterly ResultApr 30, 2026, 07:17 AM
CCC Q1 Revenue +12% to $281.3M; Adj EBITDA +21% to $120.2M
AI Summary
CCC Intelligent Solutions Holdings Inc. announced a strong start to 2026, with first quarter revenue increasing 12% to $281.3 million and adjusted EBITDA growing 21% to $120.2 million. The company expanded its platform and AI solutions with major insurers and strengthened its board with a new director. CCC also executed on its capital allocation strategy by repurchasing $400 million in shares and provided positive financial guidance for Q2 and the full year 2026.
Key Highlights
- CCC Q1 2026 total revenue increased 12% year-over-year to $281.3 million.
- Adjusted EBITDA grew 21% to $120.2 million, with adjusted EBITDA margin expanding to 43%.
- GAAP net income was $15.4 million, compared to a GAAP net loss of $17.4 million in Q1 2025.
- Expanded adoption of APD platform and AI solutions with a top-five insurer.
- Signed multi-year agreements with two top insurers for Casualty platform expansion.
- John Schweitzer joined CCC's Board of Directors.
- Repurchased $400 million in shares under the $500 million authorization.
- Forecasts Q2 2026 revenue of $283.0M-$285.0M and FY26 revenue of $1.155B-$1.163B.