CCC swings to $15M profit as AI adoption surges; $300M debt-funded buyback cuts cash to $37M

Filed April 30, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 6, 2025 · ~2 min read

Key Changes

• high

  Operating income swung from $10.7M loss to $48.8M profit year-over-year, driven by 11.8% revenue growth to $281M and 47.8% drop in stock-based compensation expense to $32M as EvolutionIQ acquisition grants cycled through.

  MD&A: Operating Results verify on EDGAR →
• high

  Board raised buyback authorization 67% to $500M; company executed $300M accelerated share repurchase in December 2025, acquiring 42.8M shares at $7.00 average price (42% below prior-year $10.33), funded by new $300M term loan.

  Controls & MD&A: Capital Allocation verify on EDGAR →
• high

  AI adoption accelerated to 125+ insurers and 15,000+ collision repairers (from 100+ and 10,000+ a year ago), supporting 21.3% Adjusted EBITDA growth to $120M with margin expansion to 43% from 39%.

  MD&A: AI Metrics verify on EDGAR →