UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 e FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED December 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO COMMISSION FILE NUMBER 001-39447 CCC Intelligent Solutions Holdings Inc. (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of ...

Exhibit 99.1 CCC Intelligent Solutions Holdings Inc. Announces Fourth Quarter and Fiscal Year 2025 Financial Results February 24, 2026 – CCC Intelligent Solutions Holdings Inc. ("CCC" or the "Company") (NASDAQ: CCC), a leading SaaS platform provider for the multi-trillion-dollar insurance economy, today announced its financial results for the three months and year ended December 31, 2025. "CCC closed out 2025 with solid financial performance, delivering 12% year-over-year revenue growth and an adjusted EBIT ...

Core Insights - Nissan is the first automaker to join the CCC OEM Link Network, aimed at streamlining certification processes and enhancing performance visibility for quality repairs [1][4] - The CCC OEM Link Network is designed to support OEM collision certification programs, addressing challenges faced by repair shops in terms of requirements and ROI [2][3] Group 1: Nissan's Participation - Nissan will leverage CCC technology and services to support its Certified Collision Repair Network, which currently includes approximately 2,000 collision repair facilities across the U.S. [1] - The partnership will help Nissan manage certified network operations, including shop audits, billing processes, and communications with certified repairers [3] Group 2: Benefits of the CCC OEM Link - The OEM Link aims to reduce administrative burdens for repair shops while helping Nissan maintain network consistency and support technician readiness [4] - Nissan is committed to providing strong ROI for its certified shop network and has begun increasing job referrals to its certified shops [4] Group 3: CCC's Role and Technology - CCC Intelligent Solutions Inc. is a leading cloud platform provider for the P&C insurance economy, connecting over 35,000 businesses through its Intelligent Experience Cloud platform [6] - The platform utilizes AI and an innovative event-based architecture to create customized applications and optimize outcomes for various stakeholders in the industry [6]

Core Insights - CCC Intelligent Solutions Holdings Inc. reported an earnings per share (EPS) of $0.09 for Q3 2025, matching estimates but slightly lower than the $0.10 EPS from the same quarter last year [1][6] - The company achieved a revenue of approximately $267.1 million, exceeding the estimated revenue of about $265 million, and marking a 12% increase from $238.48 million reported in the same period last year [2][6] Financial Metrics - CCCS has a high price-to-earnings (P/E) ratio of approximately 2818.21, with a price-to-sales ratio of 5.55, indicating strong investor confidence in its future growth potential [3] - The company maintains a debt-to-equity ratio of 0.50, reflecting a moderate level of debt compared to its equity, and a current ratio of 1.38, suggesting good liquidity to cover short-term liabilities [4] - The adjusted EBITDA margin stands at 41%, highlighting strong financial performance and operational efficiency, with an enterprise value to operating cash flow ratio of 27.82 [5][6]

Core Insights - CCC Intelligent Solutions Holdings Inc. reported quarterly earnings of $0.09 per share, matching the Zacks Consensus Estimate, but down from $0.10 per share a year ago [1] - The company achieved revenues of $267.12 million for the quarter ended September 2025, exceeding the Zacks Consensus Estimate by 0.81% and up from $238.48 million year-over-year [2] - The stock has underperformed, losing approximately 23.2% since the beginning of the year, while the S&P 500 has gained 17.2% [3] Earnings Performance - CCC Intelligent Solutions surpassed consensus EPS estimates only once in the last four quarters [1] - The current consensus EPS estimate for the upcoming quarter is $0.10, with expected revenues of $275.28 million, and for the current fiscal year, the EPS estimate is $0.36 on revenues of $1.05 billion [7] Industry Outlook - The Internet - Software industry, to which CCC Intelligent Solutions belongs, is currently ranked in the top 30% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact stock performance [5] Future Expectations - The estimate revisions trend for CCC Intelligent Solutions was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] - Investors are encouraged to monitor changes in earnings estimates for the coming quarters, as these can significantly influence stock performance [4][6]

Financial Data and Key Metrics Changes - Total revenue for Q3 2025 was $267 million, representing a 12% year-over-year increase and exceeding guidance [6][29] - Adjusted EBITDA was $110 million, also above guidance, with an adjusted EBITDA margin of 41% [6][34] - Gross dollar retention (GDR) was 99%, consistent with previous years, indicating strong client retention [31] - Net dollar retention (NDR) was 105%, down from 107% in Q2 2025, primarily due to timing of deals [32][39] - Adjusted gross profit margin decreased to 75% from 78% in the previous quarter, attributed to higher depreciation and a one-time write-off [32][34] - Free cash flow for Q3 was $79 million, up from $49 million in the prior year, reflecting strong collections [36] Business Line Data and Key Metrics Changes - The adoption of AI-based solutions is increasing, with a top 10 insurer increasing claims leveraging CCC AI models from 15% to 40% [10][11] - The casualty business is growing faster than the overall company growth, representing a significant long-term opportunity [12] - Emerging solutions contributed over 2 points of growth in Q3, driven by AI-based APD solutions [29] Market Data and Key Metrics Changes - Industry claim volumes in Q3 declined by 6% year-over-year, a slight improvement from the 9% decline in Q1 and 8% in Q2 [30][76] - The total addressable market for casualty is similar in scale to auto physical damage (APD), but customer count is currently much lower [12] Company Strategy and Development Direction - The company is focusing on enhancing its go-to-market capabilities and deepening client relationships to drive long-term growth [7][22] - Investments are being made to refine the organizational structure, including separating the roles of Chief Product Officer and Chief Technology Officer [24][25] - The company aims to leverage AI to streamline workflows and improve operational efficiency for clients [20][22] Management's Comments on Operating Environment and Future Outlook - Management noted that clients are increasingly focused on affordability and operational cost efficiency due to economic pressures [19][20] - The company is confident in its ability to capitalize on the digital transformation within the insurance economy [26][27] - Management expects continued growth driven by the adoption of emerging solutions and strategic investments [40][41] Other Important Information - The company has doubled the annual dollar value of claims processed since going public, now exceeding $200 billion [26] - Stock-based compensation as a percentage of revenue decreased to 15% in Q3, down from 24% in Q1 [34] Q&A Session Summary Question: Impact of AI adoption on monetization - Management highlighted that as AI solutions expand across claims processes, there is potential for a 50% increase in revenue from clients fully adopting AI solutions [44][46] Question: Growth profile and organizational changes - Management indicated that the changes are aimed at enhancing client relationships and supporting broader adoption of solutions, which could drive growth towards the higher end of long-term targets [52][56] Question: Casualty business growth drivers - Management noted that both market factors like medical inflation and the maturation of the casualty platform are contributing to growth [62][63] Question: Contribution from new logos - New logo performance has been strong, contributing approximately three points of growth, with a mix of repair facilities and parts suppliers [71][72] Question: Claims headwind and monthly trends - The claims decline has moderated, with a 6% drop in Q3, and management expects a similar headwind in Q4 [75][78]

Financial Performance - Revenues for Q3 2025 reached $267.1 million, a 12.0% increase from $238.5 million in Q3 2024[16] - Gross profit for Q3 2025 was $193.0 million, compared to $183.4 million in Q3 2024, reflecting a gross margin improvement[16] - Operating income for Q3 2025 was $30.0 million, up from $28.7 million in Q3 2024, indicating a growth of 4.5%[16] - The company reported a net loss of $1.97 million for Q3 2025, compared to a net income of $4.1 million in Q3 2024[16] - For the nine months ended September 30, 2025, the net loss was $6,432,000 compared to a net income of $24,980,000 for the same period in 2024[24] - The net loss attributable to common stockholders for the three months ended September 30, 2025, was $(1,971,000), compared to a net income of $2,812,000 for the same period in 2024[158] Expenses - Research and development expenses for Q3 2025 were $52.9 million, up from $49.5 million in Q3 2024, reflecting a 4.8% increase[16] - Selling and marketing expenses increased to $44.2 million in Q3 2025, compared to $34.3 million in Q3 2024, a rise of 28.7%[16] - The company incurred transaction costs of $16.6 million related to the acquisition, with $0.2 million and $7.8 million incurred during the three and nine months ended September 30, 2025, respectively[54] - The interest expense for the nine months ended September 30, 2025, was $52,866,000, compared to $49,434,000 in 2024, indicating a rise of 4.93%[158] - The income tax provision for the three months ended September 30, 2025, was $15,373,000, compared to $8,933,000 in 2024, showing an increase of 72.56%[158] Assets and Liabilities - Total current assets decreased to $330.7 million as of September 30, 2025, down from $564.7 million at the end of 2024[14] - Total liabilities increased to $1.46 billion as of September 30, 2025, compared to $1.16 billion at the end of 2024[14] - The company’s total stockholders' equity increased to $2.13 billion as of September 30, 2025, from $2.00 billion at the end of 2024[14] - Accounts receivable—Net as of September 30, 2025, was $140.7 million, an increase from $106.6 million as of December 31, 2024[74] - Long-term debt outstanding was $993,500,000 as of September 30, 2025, up from $776,000,000 as of December 31, 2024, indicating an increase of 27.9%[95] Cash Flow - The company reported net cash provided by operating activities of $196,315,000 for the nine months ended September 30, 2025, compared to $170,241,000 in 2024[24] - As of September 30, 2025, cash and cash equivalents decreased to $97,141,000 from $286,303,000 at the end of the same period in 2024[24] Acquisition - The Company completed the acquisition of EvolutionIQ, Inc. for a total consideration of $674.3 million, which includes $420.6 million in cash and $250.4 million in common stock[42][43][44]. - Goodwill from the acquisition is valued at $538.8 million, primarily due to expected synergies and the value of the acquired workforce[47]. - The fair value of the assets acquired includes current assets of $11.3 million, intangible assets of $167.9 million, and total liabilities assumed of $52.6 million, resulting in net assets acquired of $135.5 million[49]. - The additional amount deferred during the nine months ended September 30, 2025, included $21.5 million related to the acquisition of EvolutionIQ[59] Stock and Compensation - Stock-based compensation expense for the nine months ended September 30, 2025, was $146,216,000, an increase from $127,221,000 in 2024[24] - The total stock-based compensation expense for the nine months ended September 30, 2025, was $146.2 million, compared to $127.2 million for the same period in 2024, reflecting an increase of approximately 15.7%[136] - The Company granted 16,064,203 Restricted Stock Units (RSUs) during the nine months ended September 30, 2025, including 5,712,249 RSUs related to the acquisition of EvolutionIQ[130] Revenue Recognition - Software subscriptions revenue for the nine months ended September 30, 2025, reached $749.8 million, up 11.8% from $670.3 million in 2024[56] - Deferred revenue as of September 30, 2025, was $78.1 million, compared to $48.3 million as of September 30, 2024, reflecting a 61.6% increase[58] - The company recognized $54.9 million in revenue from deferred revenue for the three months ended September 30, 2025, compared to $42.8 million in 2024[57] - Approximately $1,741 million of revenue is expected to be recognized from remaining performance obligations, with $752 million expected in the next twelve months[56] Future Outlook - The company anticipates continued growth in revenues and market opportunities despite potential risks from competition and economic conditions[11]

Financial Performance - Total revenue for Q3 2025 was $267.1 million, a 12% increase from $238.5 million in Q3 2024[3] - Adjusted EBITDA for Q3 2025 was $110.1 million, reflecting an 8% growth compared to $101.6 million in Q3 2024[7] - GAAP net loss for Q3 2025 was $2.0 million, down from a net income of $4.1 million in Q3 2024[7] - Free cash flow for Q3 2025 was $78.6 million, compared to $49.4 million in Q3 2024, marking a significant increase[5] - Gross profit for Q3 2025 was $192,973,000, an increase from $183,420,000 in Q3 2024, representing a growth of 8.5%[26] - Adjusted operating income for the nine months ended September 30, 2025, was $272,627,000, compared to $261,261,000 in the same period of 2024, indicating a growth of 4.4%[28] - The adjusted net income for the nine months ended September 30, 2025, was $172,766,000, slightly down from $173,557,000 in the same period of 2024, a decrease of 0.5%[30] - The adjusted net income per share for Q3 2025 was $0.09, consistent with $0.10 in Q3 2024[30] Cash Flow and Assets - CCC had $97.1 million in cash and cash equivalents and $993.5 million in total debt as of September 30, 2025[5] - Cash and cash equivalents decreased to $97.14 million as of September 30, 2025, down from $398.98 million at the beginning of the period[24] - Net cash provided by operating activities for the nine months ended September 30, 2025, was $196.32 million, up from $170.24 million in the same period of 2024[24] Shareholder Actions - CCC repurchased 4.8 million shares for approximately $44.9 million during Q3 2025, totaling 22.8 million shares repurchased year-to-date for $217.2 million[14] Market and Product Developments - A top-20 insurer adopted CCC's AI-enabled workflow solution, indicating strong demand for intelligent automation in the claims lifecycle[8] - The integration of EvolutionIQ's AI-powered medical record synthesis solution into CCC's casualty suite became generally available in Q3 2025[9] - The company acquired EvolutionIQ, Inc. for $410.41 million, impacting cash flows from investing activities significantly[24] Liabilities and Equity - Total current assets decreased to $330.68 million as of September 30, 2025, down from $564.65 million at the end of 2024[21] - Total liabilities increased to $1.46 billion as of September 30, 2025, compared to $1.16 billion at the end of 2024, representing a 25.7% increase[21] - The company’s total stockholders' equity increased to $2.13 billion as of September 30, 2025, compared to $1.99 billion at the end of 2024, reflecting a growth of 6.6%[21] Expenses - Research and development expenses for Q3 2025 were $52.95 million, an increase of 6.0% from $49.53 million in Q3 2024[22] - Operating expenses for Q3 2025 were $162,999,000, compared to $154,732,000 in Q3 2024, marking a rise of 5.8%[27] Margins - GAAP gross profit was $193.0 million with a gross margin of 72% in Q3 2025, down from a gross margin of 77% in Q3 2024[7] - The gross profit margin for Q3 2025 was 72%, down from 77% in Q3 2024[26] - The adjusted EBITDA margin for the nine months ended September 30, 2025, was 41%, slightly down from 42% in the same period of 2024[29]

Core Insights - Conestoga Capital Advisors sold 3,896,749 shares of CCC Intelligent Solutions for approximately $37.69 million, reducing its stake in the company [1][2] - Following the sale, CCC Intelligent Solutions now represents 1.55% of Conestoga Capital's 13F AUM, indicating it is no longer among the fund's top five holdings [3] Company Overview - CCC Intelligent Solutions Holdings Inc. has a market capitalization of $5.93 billion and reported a revenue of $996.96 million with a net income of $1.92 million for the trailing twelve months [4] - The company's shares were priced at $9.10 as of October 23, 2025, reflecting a 17.87% decline over the past year [3][4] Business Model and Services - CCC Intelligent Solutions is a provider of AI-enabled SaaS solutions for the property and casualty insurance sector, employing over 2,300 staff [5] - The company offers a comprehensive SaaS platform that includes cloud, mobile, AI, telematics, and analytics solutions, aimed at automating workflows and digitizing processes for insurance carriers and repair shops [8][9] Financial Performance and Challenges - Despite a strong second quarter revenue growth of 12% year-over-year to $260.5 million, the company has faced challenges, including a reduction in its 2025 revenue forecast to between $1.046 billion and $1.056 billion due to declining insurance claims [11][12] - As of the end of Q2, CCC held a significant amount of debt totaling $996 million against cash and equivalents of $55 million, raising concerns about its financial stability [12] Investment Considerations - The mixed financial outlook, characterized by rising revenue but substantial debt and industry headwinds, may have influenced Conestoga Capital's decision to reduce its stake in CCC Intelligent Solutions [13] - Investors are advised to await CCC's Q3 earnings report on October 30 before making further investment decisions [13]

Core Viewpoint - CCC Intelligent Solutions Holdings Inc. will change its ticker symbol from "CCCS" to "CCC" effective October 31, 2025 [1] Company Summary - The company's common stock will continue to be listed on NASDAQ under the new symbol "CCC" [1] - No action is required from stockholders regarding the ticker symbol change [1]