Key Highlights

  • Q3 2026 Revenue of $294.1 million grew 10.1% year-over-year with Adjusted EBITDA of $130.5 million, up 18.5%
  • AI-related revenue reached approximately $130 million in annualized run-rate, up 40% year-over-year
  • GAAP Net Income of $30.2 million reversed from a prior-year loss of $2.0 million
  • GTCR and Elliott to acquire CCC in all-cash deal at $7.75 per share, valuing the enterprise at approximately $6.1 billion

CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCC), a leading SaaS and AI platform for the insurance economy, reported results for the third quarter of 2026 that reflect durable Demand from its property and casualty insurance and automotive repair network. Revenue of $294.1 million rose 10.1% year-over-year while Adjusted EBITDA of $130.5 million improved 18.5%, producing an Adjusted EBITDA Margin of approximately 44%. Coinciding with the results, the company disclosed a definitive agreement to be acquired by a Private Equity consortium led by GTCR, with participation from Elliott Investment Management, in an all-cash transaction valuing the enterprise at approximately $6.1 billion.

AI Deployment Scales Across Core Workflows

CCC's annualized AI-related revenue run-rate reached approximately $130 million in the third quarter, representing 40% growth year-over-year and sequential expansion from approximately $120 million in Q2. Management attributed the growth to customers shifting from AI experimentation to large-scale deployment across claims lifecycle workflows. A notable development in the quarter was the adoption by a top-five U.S. insurer of CCC's Medhub for Auto Casualty platform, making it the largest application of EvolutionIQ technology in the P&C auto market. The deployment uses AI to extract insights from complex medical records and supports faster, more auditable claims decisions.

Take-Private Transaction Announced

On October 15, 2026, CCC announced a definitive agreement to be taken private by GTCR and Elliott at $7.75 per share in cash, a transaction representing an Enterprise value of approximately $6.1 billion. Subject to regulatory and stockholder approvals, the deal is expected to close in the first quarter of 2027. Following completion, CCC will become a privately held company. CEO Githesh Ramamurthy characterized the transaction as enabling accelerated investment in AI and agentic capabilities, expanded network functionality, and longer-term innovation without the constraints of public market reporting cycles.

Financial Metrics and Liquidity

GAAP Gross Profit was $218.0 million, a 74% gross margin, compared with $193.0 million and a 72% margin in Q3 2025. GAAP Operating Income of $57.4 million compared favorably to $30.0 million in the year-prior period. The company generated $100.4 million in cash from operations during Q3 and posted free Cash Flow of $82.5 million. Cash and equivalents were $202.9 million against total Debt of $1.28 billion as of September 30, 2026. In light of the pending acquisition, the company suspended financial guidance and cancelled its scheduled Earnings conference call.

CCC enters its transition to private ownership from a position of financial consistency. Connecting more than 35,000 businesses across the insurance and repair economy, its platform generates recurring subscription revenue underpinned by network effects that have accumulated over four decades, providing the strategic acquirers with a durable base on which to execute their long-term investment thesis.