secwatch.observer — SEC 8-K summary
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Issuer:     CCC Intelligent Solutions Holdings Inc. (CCC)
CIK:        0001818201
Form:       8-K
Filed at:   2024-10-28T23:59:59+00:00
Accession:  0000950170-24-117736
Event type: earnings
Sentiment:  positive
Materiality: 0.68
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CCC Q3 revenue $238.5M (+8% YoY); GAAP net income positive $4.1M vs loss year ago
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- Total revenue $238.5M, up 8% from $221.1M in Q3 2023.
- GAAP gross profit $183.4M (77% margin) vs $163.1M (74% margin) year ago.
- GAAP net income $4.1M vs GAAP net loss of $21.2M in Q3 2023.
- Adjusted EBITDA $101.6M (+9% YoY); free cash flow $49.4M.
- CEO cites new business wins, renewals, and investments in AI and CCC IX Cloud platform.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1818201/000095017024117736/0000950170-24-117736-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1818201/000095017024117736/cccs-20241028.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-117736

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