second quarter of 2026
Filed Jul 30, 2026CCC reported second-quarter 2026 total revenue of $285.9 million, an increase of 9.8% from the second quarter of 2025, and adjusted EBITDA of $115.5 million.
Revenue grew 9.8%, GAAP operating income and GAAP net income increased from the prior-year quarter, and operating cash flow and free cash flow increased materially. Adjusted EBITDA grew 6.8%, while adjusted gross profit margin declined to 76% from 78% and total debt was $1.27 billion.
Key metrics
as reported| Metric | Value | q/q | y/y |
|---|---|---|---|
| Total revenueGAAP | $285.9 million | – | 9.8% |
| GAAP gross profitGAAP | $210.6 million | – | – |
| GAAP gross marginGAAP | 74% | – | – |
| Adjusted gross profitnon-GAAP | $217.3 million | – | – |
| Adjusted gross profit marginnon-GAAP | 76% | – | – |
| GAAP operating incomeGAAP | $47.6 million | – | – |
| Adjusted operating incomenon-GAAP | $101.6 million | – | – |
| GAAP net incomeGAAP | $20.8 million | – | – |
| Adjusted net incomenon-GAAP | $61.3 million | – | – |
| Adjusted EBITDAnon-GAAP | $115.5 million | – | 6.8% |
| Adjusted EBITDA marginnon-GAAP | approximately 40% | – | – |
| Cash from operating activitiesGAAP | $101.6 million | – | – |
| Free cash flownon-GAAP | $82.4 million | – | – |
| Mobile Jumpstart repair estimates initiated by a leading MSOother | 98% | – | – |
Third Quarter 2026 and Full Year 2026 outlook
- RevenueThird Quarter 2026: $289.5 million to $291.5 million; Full Year 2026: $1.158 billion to $1.164 billion
- NoteAdjusted EBITDA, Third Quarter 2026: $118.0 million to $120.0 million
- NoteAdjusted EBITDA, Full Year 2026: $485.0 million to $491.0 million
What drove it
- Two top-five insurers expanded adoption of CCC’s AI-based claims routing solution during the quarter.
- A top-five insurer adopted CCC’s AI-based subrogation solution and rapidly scaled deployment under a multi-year agreement.
- One of the nation’s largest multi-store operators renewed and expanded its multi-year relationship with CCC.
- Two additional large MSOs expanded their use of Mobile Jumpstart, driving double-digit increases in both participating repair facilities and estimates initiated through the platform.
Concerns
- Adjusted gross profit margin was 76% for the second quarter of 2026, compared with 78% for the second quarter of 2025.
- Total debt was $1.27 billion as of June 30, 2026.
- Adjusted EBITDA increased 6.8%, compared with total revenue growth of 9.8%.
What to watch
- Third-quarter 2026 revenue guidance of $289.5 million to $291.5 million and adjusted EBITDA guidance of $118.0 million to $120.0 million.
- Full-year 2026 revenue guidance of $1.158 billion to $1.164 billion and adjusted EBITDA guidance of $485.0 million to $491.0 million.
- Further expansion of AI-based claims routing, early total-loss identification, subrogation, and Mobile Jumpstart deployments.
- Adjusted gross profit margin following the decline to 76% from 78% in the prior-year quarter.
Balance sheet and cash flow
- $115.9 million in cash and cash equivalents as of June 30, 2026
- $1.27 billion of total debt as of June 30, 2026
- $101.6 million in cash from operating activities for the second quarter of 2026, compared with $43.1 million for the second quarter of 2025
- $82.4 million of free cash flow for the second quarter of 2026, compared with $27.4 million for the second quarter of 2025
Analysis
CCC reported $285.9 million of total revenue for the second quarter of 2026, an increase of 9.8% from $260.5 million in the second quarter of 2025. Management highlighted expanded adoption of AI-enabled claims routing by two top-five insurers, a new AI-based subrogation deployment by a top-five insurer, and renewal and expansion activity with a large multi-store operator. These developments point to continued deployment of CCC workflows across insurers and repair facilities.
Profitability improved in dollars. GAAP gross profit was $210.6 million, compared with $194.0 million, while GAAP gross margin was unchanged at 74%. GAAP operating income was $47.6 million versus $24.5 million, and GAAP net income was $20.8 million versus $13.0 million. On a non-GAAP basis, adjusted operating income was $101.6 million compared with $94.2 million, adjusted net income was $61.3 million compared with $58.9 million, and adjusted EBITDA was $115.5 million, up 6.8% from $108.1 million.
The principal margin figure to monitor is adjusted gross profit margin, which was 76% compared with 78% in the prior-year quarter, even as adjusted gross profit increased to $217.3 million from $202.5 million. The company cited adjusted EBITDA margin of approximately 40%. The filing did not report segment revenue, sequential comparisons, GAAP or adjusted EPS, or operating-expense figures in the provided text.
Cash generation increased substantially year over year. CCC generated $101.6 million in cash from operating activities and $82.4 million in free cash flow, compared with $43.1 million and $27.4 million, respectively, in the second quarter of 2025. Cash and cash equivalents were $115.9 million and total debt was $1.27 billion as of June 30, 2026. No share repurchases, dividends, or other capital-return activity were reported in the provided text.
For the third quarter of 2026, CCC guided to revenue of $289.5 million to $291.5 million and adjusted EBITDA of $118.0 million to $120.0 million. Full-year 2026 guidance calls for revenue of $1.158 billion to $1.164 billion and adjusted EBITDA of $485.0 million to $491.0 million. No previous outlook was provided, so the reported second-quarter results cannot be compared with prior company guidance.
Management, verbatim
CCC delivered another quarter of solid execution, with second quarter revenue growth of 10% and adjusted EBITDA margin of approximately 40%. Our performance reinforces our vision for CCC to be the connective layer for the insurance economy – a network that helps every participant act, not just record,
Githesh Ramamurthy, Chairman & CEO of CCC
We continue to see customers deploy AI operationally and at scale to solve real business problems. As adoption expands across our platform, it reinforces the value of our data, workflows, ecosystem connectivity, and guidance capabilities,
Githesh Ramamurthy, Chairman & CEO of CCC
As the insurance economy becomes increasingly complex, customers are turning to CCC to help connect participants, make better decisions, and improve outcomes across the claims lifecycle. This dynamic is strengthening customer relationships, expanding the role we play across the ecosystem, and increasing our confidence in the long-term growth opportunity.
Githesh Ramamurthy, Chairman & CEO of CCC
Not in the filing
stated, not guessed- GAAP diluted EPS
- Adjusted diluted EPS
- Weighted-average shares outstanding
- Segment revenue and segment profitability
- Prior-quarter comparisons for reported financial metrics
- GAAP operating expenses
- Adjusted operating expenses
- Tax rate
- Capital-return activity, including share repurchases and dividends
- Prior guidance or previous outlook for comparison
- Detailed financial statements and non-GAAP reconciliations in the provided filing text
AlphaAI analysis generated from the company’s SEC earnings filing (Form 8-K Item 2.02, or Form 6-K for a foreign private issuer). Every figure was cross-checked against the filing text; consensus estimates, price targets and share-price reactions are not shown because they are not in the filing. AI-generated research, not investment advice.