CCC Intelligent Solutions Q3 revenue rises 10% as GTCR and Elliott buyout pends

CCC Intelligent Solutions Holdings Inc. (CCC) said on Oct. 29 that third-quarter revenue rose 10.1% to $294.1 million from $267.1 million a year earlier. The results were released in a press release attached to a filing with the Securities and Exchange Commission.

The company is suspending its practice of providing guidance. It said that step follows its agreement to be acquired by a consortium of private investment firms led by GTCR and including Elliott Investment Management.

The company said it will not host a conference call or webcast to discuss the results.

Quarterly results

GAAP net income was $30.2 million, compared with a GAAP net loss of $2.0 million a year earlier. Adjusted net income was $75.1 million, compared with $59.4 million.

Adjusted EBITDA rose 18.5% to $130.5 million from $110.1 million. Adjusted EBITDA margin was 44%, compared with 41% a year earlier.

GAAP operating income was $57.4 million, compared with $30.0 million. Adjusted operating income was $115.7 million, compared with $93.0 million.

Cash and debt

CCC had $202.9 million in cash and cash equivalents and $1.28 billion of total debt as of Sept. 30. It generated $100.4 million in cash from operating activities in the quarter and free cash flow of $82.5 million, compared with $78.6 million a year earlier.

Pending acquisition

On Oct. 15, the company announced a definitive agreement to be acquired in an all-cash transaction in which shareholders will receive $7.75 per share, representing an enterprise value of approximately $6.1 billion. The deal is expected to close in the first quarter of 2027, subject to regulatory and stockholder approvals.

CEO Githesh Ramamurthy said the company expects the transaction to accelerate its AI and agentic capabilities and expand the network at the center of its platform.

AI and product highlights

CCC said its AI-related revenue reached about $130 million in annualized run-rate in the third quarter, up 40% from a year earlier and from about $120 million in the second quarter of 2026.

The company said a top-five insurer, based on 2025 direct premium written, became the largest insurer to adopt its Medhub for Auto Casualty product during the quarter.

According to its SEC filings, net income rose in each of the last three quarters, from a loss of $2.0 million in the third quarter of 2025 to $20.8 million in the second quarter of 2026.