secwatch.observer — SEC 8-K summary
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Issuer:     CCC Intelligent Solutions Holdings Inc. (CCC)
CIK:        0001818201
Form:       8-K
Filed at:   2024-02-28T23:59:59+00:00
Accession:  0000950170-24-022101
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CCC Q4 revenue $228.6M (+12% YoY), Adj EBITDA $100.1M (+25% YoY), beat guidance
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- Q4 revenue $228.6M (+12% YoY); GAAP net income $26.3M vs $1.1M; Adj EBITDA $100.1M (+25% YoY, margin 44%).
- FY2023 revenue $866.4M (+11% YoY); GAAP net loss $90.1M vs income $38.4M; Adj EBITDA $353.4M (+16% YoY).
- Adjusted gross margin expanded to 79% in Q4 (77% prior year); full year margin 78% (77%).
- Operating cash flow $250.0M; free cash flow $195.0M, up from $152.0M prior year.
- CEO cites revenue and Adj EBITDA margins above guidance ranges; no specific forward guidance provided.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1818201/000095017024022101/0000950170-24-022101-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1818201/000095017024022101/cccs-20240228.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-022101

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