CCC Intelligent Solutions (CCC) Q4 2025 earnings summary

Executive summary

• Achieved record revenue of $1.057 billion in 2025, up 12% year-over-year, surpassing $1 billion for the first time.

• Adjusted EBITDA reached $436 million for 2025, with a 41% margin; Q4 Adjusted EBITDA was $119 million, margin 43%.

• 85% of revenue now from subscriptions, enhancing predictability and resilience.

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

• Completed acquisition of EvolutionIQ, expanding into disability and workers' comp markets.

Financial highlights

• Q4 2025 revenue was $278 million, up 13% year-over-year and above guidance.

• Adjusted gross profit for Q4 was $211 million, with a 76% margin.

• Free cash flow for 2025 was $255 million, up 10% year-over-year, with a 24% margin.

• Net leverage at year-end was 2.7x Adjusted EBITDA, with $111 million in cash and $1.3 billion in debt.

• Stock-based compensation declined to 12% of revenue in Q4.

Outlook and guidance

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

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

• Margin expansion expected to continue, with stock-based compensation projected to fall to 13% of revenue in 2026.