CCC Intelligent Solutions (CCC) Q4 2025 earnings summary

Executive summary

• Achieved record revenue of $1.057 billion for 2025, up 12% year-over-year, with Q4 revenue of $278 million, up 13% year-over-year and above guidance.

• Adjusted EBITDA for 2025 was $436 million (41% margin), with Q4 Adjusted EBITDA at $119 million (43% margin), both exceeding guidance.

• AI-based solutions now contribute nearly $100 million in annual revenue, with adoption expanding across insurers and repair facilities.

• 85% of revenue now from subscriptions, enhancing revenue predictability and reducing sensitivity to claim volume fluctuations.

• Free cash flow reached a record $255 million for the trailing 12 months, with a margin of 24%.

Financial highlights

• Full-year revenue of $1.057 billion, up 12% year-over-year; Q4 revenue of $278 million, up 13%.

• Adjusted EBITDA for Q4 was $119 million (43% margin); full-year Adjusted EBITDA was $436 million (41% margin).

• Adjusted gross profit for Q4 was $211 million (76% margin), flat year-over-year.

• Cash from operating activities was $315.5 million for 2025; free cash flow was $254.5 million.

• Ended Q4 with $111 million in cash, $1.3 billion in debt, and net leverage at 2.7x Adjusted EBITDA.

Outlook and guidance

• Q1 2026 revenue expected at $273.5–$275.5 million (8.5–9.5% growth); Adjusted EBITDA of $113–$115 million (42% margin).

• Full-year 2026 revenue guidance of $1.147–$1.157 billion (~9% growth); Adjusted EBITDA of $477–$485 million (42% margin).

• Margin expansion expected to continue, with stock-based compensation declining as a percent of revenue.