CCC Q1 revenue $204.9M (+10% YoY); GAAP net income falls to $2.2M

CCC Intelligent Solutions Holdings Inc.

2023-Q1 EPS reported $0.00 revenue$204,919,000

Revenue $204.9M, up 10% YoY from $186.8M; adjusted gross margin 76% vs 78%.
GAAP net income $2.2M vs $12.0M a year ago; adjusted net income $46.5M vs $48.9M.
Adjusted EBITDA $79.5M (+8% YoY); adjusted EBITDA margin 39%.
Cash from operations $33.1M, free cash flow $18.5M; cash and equivalents $338.4M.
Total debt $790.0M as of March 31, 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CCC Intelligent Solutions Holdings Inc. reported the three months ended March 31, 2023 results: revenue $204.9 million, net income $2.2 million.

Period: the three months ended March 31, 2023
Revenue: $204.9 million
Net income: $2.2 million
Result: reported results

Exact text from the filing

Total revenue was $204.9 million for the first quarter of 2023

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CCC Intelligent Solutions Holdings Inc. filing history →

Source: SEC EDGAR

accession 0000950170-23-016690

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