Key Highlights

  • Revenue of USD 294.1 million rose 10.1% year over year and topped the consensus estimate of USD 290.57 million.
  • Adjusted EPS of USD 0.13 beat the consensus estimate of USD 0.11, while GAAP diluted EPS was USD 0.05.
  • Adjusted EBITDA reached USD 130.5 million at a 44% margin, up from 41% in the third quarter of 2025.
  • A Merger agreement signed October 14 offers USD 7.75 per share in cash, with closing targeted for early 2027.

CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCC) reported third quarter 2026 Revenue of USD 294.1 million, up 10.1% from USD 267.1 million and above a consensus estimate of USD 290.57 million. Adjusted Earnings Per Share were USD 0.13 against a consensus estimate of USD 0.11 and USD 0.09 a year earlier, while GAAP diluted EPS was USD 0.05 compared with a loss of USD 0.00. Net Income attributable to common stockholders was USD 30.2 million versus a loss of USD 2.0 million, and Operating Income rose 91.5% to USD 57.4 million.

Margin Gains and Cost Detail

Software subscription revenue was USD 281.5 million, or 96% of the total, and the company attributed about 8 points of growth to upgrades and expanded offerings at existing customers and about 2 points to new customers. Gross Profit increased 13.0% to USD 218.0 million, lifting gross Margin to 74.1% from 72.2% on higher subscription revenue and Economies of Scale on Fixed Cost arrangements. Operating expenses fell 1.5% to USD 160.6 million, as selling and Marketing spending dropped 14.0% to USD 38.0 million and stock-based compensation declined to USD 31.5 million from USD 39.2 million.

Adjusted net income was USD 75.1 million, up from USD 59.4 million. Interest expense rose 15.5% to USD 20.9 million because of an additional USD 300 million term Loan taken in December 2025. Operating Cash Flow was USD 100.4 million and free cash flow was USD 82.5 million, compared with USD 78.6 million a year earlier.

Merger Terms and Balance Sheet

On October 14, 2026 the company signed a merger agreement with Mozart Parent, LLC under which each share of common stock, other than certain excluded shares, converts into the right to receive USD 7.75 in cash. The Board of Directors unanimously approved the agreement among directors present and recommended that stockholders adopt it. Closing is conditioned on a majority stockholder vote, expiry of the Hart-Scott-Rodino Waiting Period and the absence of any blocking order, with no financing condition. The company states that it anticipates closing in the first quarter of 2027, after which its stock would no longer trade on The Nasdaq Stock Market and the company would become privately held.

The merger agreement sets a termination fee of USD 149.52 million payable by the company in certain circumstances, such as accepting a superior proposal, and a fee of about USD 313.99 million payable to the company if the buyer fails to fund. At September 30 the company held USD 202.9 million of cash and equivalents and USD 1,281.2 million of term loan principal, with USD 249.0 million of borrowing capacity on its revolving facility. In March it repurchased 16,565,982 shares for USD 100.0 million under a USD 500.0 million authorization.

Deal Milestones and Contract Metrics

Several dated items stand out. The stockholder vote and the antitrust waiting period are the two named conditions on the first quarter 2027 target. Remaining performance obligations were about USD 1,808 million, of which roughly USD 806 million falls within the next twelve months. The term loan, which matures January 23, 2032, requires quarterly principal payments of USD 3.3 million. Adjusted EBITDA margin of 44% and software subscription share of 96% of revenue are the operating ratios that frame the standalone results during the pending transaction.