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