CCC Intelligent Solutions Holdings Inc. reported third-quarter 2026 revenue of $294.1 million, up 10.1% from $267.1 million a year earlier, according to the company’s Oct. 29 earnings release. Citing its pending acquisition, CCC said it has suspended its guidance and is not holding a call or webcast on the results.
Adjusted EBITDA was $130.5 million, up 18.5% from $110.1 million, for a margin of 44% compared with 41% in the third quarter of 2025, the release said. Both revenue and adjusted EBITDA came in above the third-quarter ranges CCC projected in its July 30 release, which called for revenue of $289.5 million to $291.5 million and adjusted EBITDA of $118 million to $120 million.
“CCC delivered strong third quarter results, with revenue growth of 10% and adjusted EBITDA margin of approximately 44%,” said Githesh Ramamurthy, chairman and CEO of CCC. “Our performance reflects the durability of our business, the trust customers place in us, and the increasing role our platform plays in helping participants across the insurance economy operate more efficiently and achieve better outcomes.”
AI revenue run rate reaches about $130 million
CCC Intelligent Solutions said its AI-related revenue hit an annualized run rate of about $130 million in the third quarter. That figure is 40% higher than a year earlier and up from about $120 million in the second quarter. The company said the increase shows customers moving from trying out AI to deploying it at scale.
On the shop side, Ramamurthy said on CCC’s July 30 call that one of the biggest U.S. MSOs was starting about 98% of its repair estimates in Mobile Jumpstart, CCC’s AI estimating tool, according to coverage of CCC’s second-quarter results. CCC revenue had risen 12% in the first quarter.
In casualty claims, a top-five insurer, ranked by direct premium written in 2025, is now the biggest carrier using CCC’s Medhub for Auto Casualty after adopting it during the quarter, according to the release. The tool uses AI to pull important information out of complicated medical records so claims professionals can reach decisions faster. CCC said the deployment is the largest use of EvolutionIQ’s technology in the property and casualty auto market and shows that customers are willing to “adopt adjacent workflows” from CCC. The company said that points to a growth opportunity beyond its traditional auto physical damage business. CCC acquired EvolutionIQ in 2025, according to the release’s cash flow statement.
CCC suspends guidance ahead of GTCR and Elliott deal
CCC announced Oct. 15 that it agreed to be acquired by an investor group led by GTCR that includes Elliott Investment Management. CCC stockholders will be paid $7.75 a share in cash, giving the deal an enterprise value of about $6.1 billion, according to the earnings release. The deal still needs approval from regulators and CCC stockholders, along with other standard closing conditions. CCC expects it to close in the first three months of 2027, after which the company will be privately held.
“The pending transaction with GTCR and Elliott marks an exciting next chapter for CCC and our customers,” Ramamurthy said. “Together, we expect to accelerate the AI and agentic capabilities our customers want from us, expand the network at the center of our platform, and make long-term investments in innovation that help customers navigate growing complexity across the claims lifecycle.”
In July, before the agreement, CCC had projected full-year 2026 revenue of $1.158 billion to $1.164 billion and adjusted EBITDA of $485 million to $491 million, according to its second-quarter release. CCC said it will announce a stockholder meeting on the deal and intends to file proxy materials with the Securities and Exchange Commission.
Lisa McArdle