CCC Earnings: Revenue Rises 10% as Profit Returns

CCC earnings returned to profit in the third quarter of 2026, as revenue rose 10.1% from a year earlier. The insurance software provider also suspended its practice of issuing guidance while its proposed acquisition by GTCR and Elliott is pending.

Key Takeaways

• Third-quarter net income was $30.2 million, compared with a $2.0 million loss a year earlier.
• AI-related revenue reached an annualized run rate of approximately $130 million.
• The proposed $7.75-per-share cash acquisition is expected to close in the first quarter of 2027, subject to approvals and other conditions.

CCC earnings and cash flow

CCC Intelligent Solutions Holdings reported revenue of $294.1 million for the three months ended September 30, 2026, up from $267.1 million in the same period of 2025.

Adjusted EBITDA rose 18.5% to $130.5 million from $110.1 million. The measure is not calculated under generally accepted accounting principles and differs from reported net income.

At September 30, CCC had $202.9 million in cash and cash equivalents and $1.28 billion in total debt.

AI revenue run rate grows

CCC said its AI-related revenue reached an annualized run rate of approximately $130 million in the third quarter, up 40% year over year and from approximately $120 million in the second quarter. An annualized run rate is a measure of the revenue pace, not revenue earned during the quarter.

The company also said a top-five insurer, ranked by 2025 direct premium written, adopted its Medhub for Auto Casualty product during the quarter. The product uses AI to extract information from medical records for claims professionals.

Acquisition and guidance

Under the GTCR and Elliott acquisition agreement announced on October 15, CCC shareholders would receive $7.75 in cash per share. The transaction has an enterprise value of approximately $6.1 billion.

The deal is expected to close in the first quarter of 2027, subject to regulatory and shareholder approvals and other customary conditions. CCC would become privately held after completion.

Because of the proposed transaction, CCC said it was suspending its practice of providing guidance and would not hold a conference call or webcast on the results.

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