CCC posts 9.8% revenue growth in Q2 as insurers deepen AI deployments

Second-quarter revenue of $285.9 million from CCC Intelligent Solutions Holdings Inc. (NASDAQ: CCC) marked a 9.8% gain against the year-ago period, as two top-five carriers expanded AI claims-routing deployments and a third adopted the company's subrogation solution at scale. Adjusted EBITDA of $115.5 million was up 6.8% from $108.1 million in Q2 2025. The company hosts its earnings call July 30 at 8:00 a.m. Eastern, where management will discuss guidance for the full year.

The Q2 print

GAAP gross profit held at a 74% margin, reaching $210.6 million against $194.0 million a year earlier. Adjusted gross profit was $217.3 million, for an adjusted margin of 76%, compared with 78% in Q2 2025. GAAP operating income reached $47.6 million, up from $24.5 million, while adjusted operating income was $101.6 million versus $94.2 million a year ago.

GAAP net income was $20.8 million, compared with $13.0 million in Q2 2025. Adjusted net income was $61.3 million versus $58.9 million. Free cash flow came in at $82.4 million, more than double the $27.4 million from a year earlier. The company held $115.9 million in cash and cash equivalents and $1.27 billion in total debt as of June 30, 2026.

AI deployments in the period

Two top-five carriers by 2025 direct premium written expanded use of CCC's AI-based claims routing solution during the quarter, with applications centered on early total-loss identification and repair facility capacity utilization. A third top-five insurer adopted CCC's AI-based subrogation solution under a multi-year agreement, the largest carrier to deploy it so far.

One of the nation's largest multi-store operators renewed and expanded its multi-year relationship with CCC during the period. That operator runs 98% of its repair estimates through Mobile Jumpstart, CCC's AI-powered estimating tool for repair facilities. Two additional large MSOs expanded their Mobile Jumpstart use, producing double-digit growth in both participating facilities and estimates processed through the platform.

Guidance and what to watch

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. Chairman and CEO Githesh Ramamurthy attributed the results to customers deploying AI operationally at scale, with the company's network spanning more than 35,000 businesses. The earnings 8-K, filed July 30, 2026, covers results of operations and financial condition for the three months ended June 30.