secwatch.observer — SEC 8-K summary
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Issuer:     CCC Intelligent Solutions Holdings Inc. (CCC)
CIK:        0001818201
Form:       8-K
Filed at:   2023-05-02T23:59:59+00:00
Accession:  0000950170-23-016690
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1818201/000095017023016690/0000950170-23-016690-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1818201/000095017023016690/cccs-20230502.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-016690

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer