CCC Intelligent Solutions Q3 Revenue Rises 10% to $294.1 Million

CCC Intelligent Solutions Holdings Inc. (CCC ) reported revenue of $294.1 million for the third quarter of 2026, an increase of 10.1% from $267.1 million a year earlier, as the SaaS and AI platform provider for the insurance economy swung to a GAAP profit from a year-earlier loss ahead of its pending acquisition by a consortium led by GTCR.

The Chicago-based company released results for the three months ended September 30, 2026, on October 29, 2026. GAAP net income was $30.2 million, compared with a net loss of $2.0 million in the prior-year quarter, and diluted net income per share was $0.05, compared with a diluted net loss per share of $0.00. Adjusted EBITDA rose 18.5% to $130.5 million from $110.1 million, representing an adjusted EBITDA margin of 44% versus 41% a year earlier, according to the company’s third-quarter 2026 earnings release.

“CCC delivered strong third quarter results, with revenue growth of 10% and adjusted EBITDA margin of approximately 44%,” said Githesh Ramamurthy, chairman and CEO. “Our performance reflects the durability of our business, the trust customers place in us, and the increasing role our platform plays in helping participants across the insurance economy operate more efficiently and achieve better outcomes.”

Profitability and Expenses

GAAP gross profit was $218.0 million, a gross margin of 74%, compared with $193.0 million and a 72% margin in the third quarter of 2025. Adjusted gross profit was $224.6 million, an adjusted gross margin of 76%, compared with $199.5 million a year earlier.

GAAP operating income was $57.4 million, compared with $30.0 million in the prior-year quarter. Adjusted operating income was $115.7 million, compared with $93.0 million. Adjusted net income was $75.1 million, or $0.13 per diluted share, compared with $59.4 million, or $0.09 per diluted share.

Total operating expenses were $160.6 million, down from $163.0 million a year earlier. The 2026 quarter included research and development expense of $53.0 million, selling and marketing expense of $38.0 million, general and administrative expense of $51.0 million, and amortization of intangible assets of $18.5 million. The company’s adjusted figures exclude items including stock-based compensation and related employer payroll tax of $31.8 million, amortization of intangible assets and acquired technologies, and $3.7 million of M&A and integration costs.

Cash Flow, Balance Sheet, and Nine-Month Results

CCC held $202.9 million in cash and cash equivalents and $1.28 billion of total debt as of September 30, 2026. Cash from operating activities was $100.4 million in the quarter and free cash flow was $82.5 million, compared with $94.8 million and $78.6 million, respectively, a year earlier.

For the nine months ended September 30, 2026, revenue was $861.3 million, compared with $779.1 million in the same period of 2025. Net income attributable to common stockholders was $66.4 million, compared with a loss of $7.7 million. Operating cash flow was $259.5 million and free cash flow was $206.5 million, compared with $196.3 million and $149.6 million.

Total assets were $3.60 billion at September 30, 2026, including goodwill of $1.96 billion and intangible assets of $942.0 million. Total stockholders’ equity was $1.84 billion. Shares issued and outstanding stood at 590,525,042, versus 605,449,050 at December 31, 2025, and the company repurchased $100.2 million of common stock during the nine-month period.

AI Adoption and Pending Transaction

CCC reported that AI-related revenue reached approximately $130 million in annualized run-rate during the quarter, growth of 40% year over year and up from an annualized run rate of approximately $120 million in the second quarter of 2026. The company said the growth reflects a continuing shift in customer behavior from AI experimentation to AI deployment at scale.

Also during the quarter, a top-five insurer based on 2025 direct premium written became the largest insurer to adopt CCC’s Medhub for Auto Casualty, which uses AI to extract insights from complex medical records and help claims professionals make faster decisions grounded in auditable claim data. CCC described the deployment as the largest application of EvolutionIQ’s technology within the property and casualty auto market. The company connects more than 35,000 businesses, including insurers, repairers, automakers, and parts suppliers, through its platform.

On October 15, 2026, CCC announced a definitive agreement to be acquired by a consortium led by GTCR and including Elliott Investment Management in an all-cash transaction in which shareholders will receive $7.75 per share, representing an enterprise value of approximately $6.1 billion. The transaction is subject to regulatory and stockholder approvals and other customary closing conditions and is expected to close in the first quarter of 2027, after which CCC will become a privately held company. Ramamurthy said the parties expect to accelerate CCC’s AI and agentic capabilities, expand the network at the center of its platform, and make long-term investments in innovation.

In light of the proposed transaction, CCC is suspending its practice of providing financial guidance and will not host a conference call or webcast on the results. The company said it intends to file preliminary and definitive proxy statements with the U.S. Securities and Exchange Commission and will announce a stockholder meeting to seek approval of the transaction.