CCC Intelligent Solutions Chief Strategy Officer to Resign

CCC Intelligent Solutions announced that Marc Fredman, Senior Vice President and Chief Strategy Officer, will resign from his role no later than September 30, 2025. Following his departure, Fredman is expected to remain with the company in a part-time advisory role. The company thanked him for his decade-long service and contributions to its growth and success.

CCC Intelligent Solutions Q1 2025 Earnings Summary

CCC Intelligent Solutions reported solid Q1 2025 results, driven by new customer wins, contract expansions, and continued adoption of its AI-powered SaaS solutions, despite a net GAAP loss primarily due to non-cash expenses and acquisition-related items.

Key Financial Highlights:
• Revenue: $251.6 million, up 11% from $227.2 million in Q1 2024
• GAAP Net Loss: $17.4 million (vs. $0.6 million loss in Q1 2024)
• Adjusted Net Income: $54.5 million (flat vs. $54.8 million in Q1 2024)
• Adjusted EBITDA: $99.1 million, up 6% (39% margin vs. 41% last year)
• GAAP Operating Loss: $10.7 million (vs. $7.8 million GAAP income last year)
• Adjusted Operating Income: $85.3 million (vs. $84.1 million)

Cash Flow & Balance Sheet:
• Free Cash Flow: $43.6 million, up from $39.6 million in Q1 2024
• Cash & Equivalents: $130.3 million as of March 31, 2025 (down from $399 million)
• Total Debt: $998.5 million
• Significant Q1 use of cash: $415 million for EvolutionIQ acquisition (includes $250 million in stock)

Business & Strategic Updates:
• Caliber Collision Renewal: Multi-year extension with expanded use of CCC ONE®, Diagnostics Workflow, and Build Sheets, supporting 1,800+ locations
• EvolutionIQ Integration: On track; first product launch ("Medhub for Casualty") expected in Q3 2025
• New OEM Client: Signed a major EV manufacturer with both insurance and repair business units

2025 Guidance:
• Q2 Revenue: $255.5M – $257.5M
• Q2 Adjusted EBITDA: $99M – $101M
• Full-Year Revenue: $1.046B – $1.056B
• Full-Year Adjusted EBITDA: $420M – $428M

CCC Intelligent Solutions Holdings Inc. announced that it, along with affiliates of Advent International, L.P., has entered into an underwriting agreement with BofA Securities, Goldman Sachs, Jefferies, and J.P. Morgan for the sale of 42 million shares of common stock. The selling stockholders received approximately $433.7 million in gross proceeds.

As part of the transaction, CCC repurchased 7 million shares from the underwriters at the same per-share price as the offering. The repurchase was reviewed and approved by the company’s audit committee, which consists entirely of independent directors.

The offering, including the repurchase, closed on March 3, 2025. All shares were sold by the selling stockholders, and CCC did not receive any proceeds from the transaction.

The underwriting agreement includes customary representations, warranties, and indemnification provisions. A copy of the agreement has been filed as an exhibit.

CCC Intelligent Solutions Holdings Inc. reported strong financial results for the fourth quarter and full year 2024, with revenue growing 9% year-over-year to $944.8 million. Adjusted EBITDA increased 12% to $397.4 million, with an adjusted EBITDA margin of 42%. The company attributed its success to investments in AI-driven solutions, platform expansion, and the acquisition of EvolutionIQ, enhancing its claims management capabilities.

CCC strengthened its customer base, adding over 1,000 new collision repair facilities and expanding its AI-powered offerings. Additionally, the company renewed a top 20 auto insurer for a five-year extension and expanded intelligent solutions across multiple insurance clients.

For fiscal year 2025, CCC projects revenue between $1.055 billion and $1.065 billion, with adjusted EBITDA of $417 million to $427 million. The company also announced a $300 million share repurchase program.

source: CCC Intelligent Solutions Holdings Inc., February 25, 2025.

CCC Intelligent Solutions Holdings Inc. announced an amendment to its Credit Agreement on January 23, 2025. The amendment involves the addition of $225 million in incremental term loans, used to refinance existing loans, extend loan maturity to January 23, 2032, remove the credit spread adjustment for SOFR loans, and reduce the interest rate margins. The updated margins are 1.00% for base rate loans and 2.00% for SOFR loans if certain credit ratings are below BB- and Ba3, and 0.75% for base rate loans and 1.75% for SOFR loans if the ratings are BB- or Ba3 or better.

Starting March 31, 2025, the loans will be repayable quarterly at 0.25% of the original principal, with the balance due at maturity. The loans are guaranteed by subsidiary guarantors and secured by a first-priority lien on substantially all of their assets.

This amendment reflects the company's strategy to optimize its financial structure.