CCC Intelligent Solutions Holdings Inc. specializes in providing a comprehensive suite of digital solutions, encompassing cloud computing, mobile tools, artificial intelligence (AI), ...
CCC Intelligent Solutions Holdings Inc. is a technology company specializing in digital solutions for the property and casualty (P&C) insurance industry. Founded in 1980 and headquartered in Chicago, Illinois, the company operates a robust Software-as-a-Service (SaaS) platform that digitizes AI-enabled workflows, connecting insurers, collision repair facilities, parts providers, automotive manufacturers, ...CCC Intelligent Solutions Holdings Inc. is a technology company specializing in digital solutions for the property and casualty (P&C) insurance industry. Founded in 1980 and headquartered in Chicago, Illinois, the company operates a robust Software-as-a-Service (SaaS) platform that digitizes AI-enabled workflows, connecting insurers, collision repair facilities, parts providers, automotive manufacturers, and financial institutions. The company offers a diverse portfolio of products, including CCC Insurance Solutions for workflow, estimating, total loss, AI & analytics, and casualty management; CCC Repair Solutions for network and repair workflow management; and other ecosystem solutions for parts, automotive manufacturer support, lender services, and payments. As of recent data, CCC employs approximately 2,414 people and generates annual revenue of $1.09 billion. The company went public in 2020 and is listed on NASDAQ under the symbol CCC. CCC's market cap is around $4.08 billion. Known for its strong gross profit margin of 73.5%, the company invests significantly in R&D (19% of revenue) and has a solid operating cash flow. CEO Githesh Ramamurthy has led the company since 1999, driving innovation in AI, telematics, and cloud computing. CCC's platform supports the multi-trillion-dollar P&C insurance economy, aiming to create intelligent experiences for all stakeholders. With a focus on digitization and connectivity, CCC continues to expand its international footprint, addressing the evolving needs of the automotive and insurance industries.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$1.1B
+11.9%
+1.7%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$412000
-98.4%
+34.8%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+73.5%
-2.7%
-0.8%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
+8.9%
+4.7%
-4.0%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
+0.0%
-98.6%
+32.6%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$254.5M
+10.2%
+98.3%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
+24.1%
-1.5%
+95.0%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
76.2%
+79.5%
-3.1%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
1.43x
-60.7%
+24.4%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
Operator: Good day, and thank you for standing by. Welcome to the CCC Intelligence Solutions Conference Call. [Operator Instructions]. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your first speaker today, Bill Warmington.
William Warmington: Thank you, operator. Good morning, and thank you all for joining us today to review CCC's Second Quarter 2026 Financial Results, which we announced in the press release issued earlier this morning. Joining me on the call are Githesh Ramamurthy, CCC's Chairman and CEO; Rod Christo, CCC's Interim CFO; Tim Welsh, CCC's President; and Katie Coleman, CCC's Treasurer and GVP Finance. The forward-looking statements we make today about the company's results and plans are subject to risks and uncertainties that may cause the actual results and the implementation of the company's plans to vary materially. These risks are discussed in the earnings releases available on our Investor Relations website and under the heading Risk Factors in our 2025 annual report on Form 10-K filed with the SEC. Further, these comments and the Q&A that follows are copyrighted today by CCC Intelligent Solutions Holdings, Inc. Any recording, retransmission or reproduction or other use of the same, for profit or otherwise without prior consent of CCC is prohibited in the violation of the United States copyright and other laws. Additionally, while we will provide a transcript of portions of this call and we've approved the publishing of a transcript of this call by a third party, we take no responsibility for inaccuracies that may appear in the transcripts. Please note that the discussion on today's call includes certain non-GAAP financial measures as defined by the SEC. The company believes these non-GAAP financial measures provide useful information to management and investors regarding certain financial and business trends relating to the company's financial condition and the results of operations. A reconciliation of GAAP to non-GAAP measures is available in our earnings release and is available on our Investor Relations website. Thank you. And now I'll turn the call over to Githesh.
Githesh Ramamurthy: Thank you, Bill, and thanks to all of you for joining us today. I'm pleased to report that CCC delivered another quarter of solid top and bottom line results. These results reinforce our belief that CCC is becoming the connective layer for the insurance economy, helping participants make informed decisions take action and operate more effectively across an increasingly complex ecosystem. In the second quarter of 2026, total revenue grew 10% year-over-year to $286 million, above the high end of our guidance range. Adjusted EBITDA was $115 million, also above the high end of our guidance range. Today, I'd like to focus on 3 themes that continue to frame both our near-term momentum and our long-term opportunity. The first, how CCC is thriving in an AI-driven world. The second is …