CCC Intelligent Solutions (CCC) Q1 2026 earnings summary

Executive summary

• Q1 2026 revenue grew 12% year-over-year to $281.3 million, exceeding guidance, driven by organic growth, upgrades, new client wins, and strong AI-based solution adoption.

• Adjusted EBITDA reached $120.2 million, up 21% year-over-year, with margin expanding by 300 basis points to 43%.

• Net income attributable to common stockholders was $15.4 million, reversing a net loss in Q1 2025.

• AI solutions contributed about one-third of year-over-year growth, growing at 3.5x the company rate and now representing 10% of revenue.

• Major multi-year renewals and expansions with top insurers, including a top-five U.S. auto insurer and Allstate, validated the platform's value.

Financial highlights

• Total revenue: $281.3 million, up 12% year-over-year, with 9% from existing clients and 3% from new logos.

• Adjusted gross profit: $215.6 million, margin 77%, up from 76% sequentially.

• Adjusted operating expense: $108.9 million, nearly flat year-over-year.

• Free cash flow: $41.6 million in Q1, $252 million trailing 12 months, up 7% year-over-year.

• Cash and equivalents: $36.9 million; debt: $1.288 billion; net leverage: 2.7x adjusted EBITDA.

Outlook and guidance

• Q2 2026 revenue expected at $283–$285 million; adjusted EBITDA $111–$113 million.

• Full-year 2026 revenue guidance raised to $1.155–$1.163 billion; adjusted EBITDA $484–$490 million.

• Guidance reflects one-time Q1 items and a second-half headwind from a carrier transitioning away legacy business.

• Margin expansion expected to resume in the second half of 2026.

• Management expects continued growth from existing customer upgrades and new customer acquisitions.