Earnings release
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Exhibit 99.1 CCC Intelligent Solutions Holdings Inc. Announces Third Quarter 2025 Financial Results October 30, 2025 – CCC Intelligent Solutions Holdings Inc. (“CCC” or the “Company”) (NASDAQ: CCCS), a leading SaaS platform provider for the multi-trillion-dollar insurance economy, today announced its financial results for the three months ended September 30, 2025. “CCC delivered strong third quarter results, highlighted by 12% year-over-year revenue growth and an adjusted EBITDA margin of 41%. Our financial performance reflects continued momentum across our platform – driven by multiple renewals, relationship expansions, and new business wins – as clients engage with CCC to help them navigate rising complexity and the use of AI to drive operational efficiency,” said Githesh Ramamurthy, Chairman & CEO of CCC. “This growing adoption supports our continued investment in innovation and organizational scale,” continued Ramamurthy. “By deepening strategic partnerships, expanding our multi-sided network, and refining our go-to-market strategy, we’re positioning CCC to lead in what we believe is a transformative period for the insurance economy – one where technology and collaboration drive better outcomes for businesses and the communities they serve.” Third Quarter 2025 Financial Highlights Revenue • Total revenue was $267.1 million for the third quarter of 2025, an increase of 12% from $238.5 million for the third quarter of 2024. Profitability • GAAP gross profit was $193.0 million, representing a gross margin of 72%, for the third quarter of 2025, compared with $183.4 million, representing a gross margin of 77%, for the third quarter of 2024. Adjusted gross profit was $199.5 million, representing an adjusted gross profit margin of 75%, for the third quarter of 2025, compared with $185.9 million, representing an adjusted gross profit margin of 78%, for the third quarter of 2024. • GAAP operating income was $30.0 million for the third quarter of 2025, compared with GAAP operating income of $28.7 million for the third quarter of 2024. Adjusted operating income was $93.0 million for the third quarter of 2025, compared with adjusted operating income of $91.2 million for the third quarter of 2024. • GAAP net loss was $2.0 million for the third quarter of 2025, compared with GAAP net income of $4.1 million for the third quarter of 2024. Adjusted net income was $59.4 million for the third quarter of 2025, compared with adjusted net income of $62.6 million for the third quarter of 2024. • Adjusted EBITDA was $110.1 million for the third quarter of 2025, compared with adjusted EBITDA of $101.6 million for the third quarter of 2024. Adjusted EBITDA grew 8% in the third quarter of 2025 compared with the third quarter of 2024. Liquidity • CCC had $97.1 million in cash and cash equivalents and $993.5 million of total debt on September 30, 2025. The Company generated $94.8 million in cash from operating activities and had free cash flow of $78.6 million during the third quarter of 2025, compared with $63.2 million in cash generated from operating activities and $49.4 million in free cash flow for the third quarter of 2024. 3rd Quarter and Recent Business Highlights • Multiple CCC clients renewed and expanded their contracts for the company’s auto physical damage (APD) solutions during the third quarter of 2025. In addition, a top-20 insurer (based on 2024 direct premium written) adopted CCC’s AI-enabled workflow solution for the later stages of audit review – underscoring both the solution’s proven ability to deliver meaningful ROI and operational efficiency and the growing demand for intelligent automation across the claims lifecycle. • CCC continued to see solid momentum in its Casualty business during the third quarter of 2025. The company began a new Casualty relationship with a top-10 insurer and secured multiple renewals and contract expansions across its Casualty client base – including a renewal with a top-5 insurer. • In the third quarter of 2025, the EvolutionIQ team achieved their first milestone:in expanding client adoption across product lines: a top-25 CCC APD and Casualty client contracted for EvolutionIQ’s workers’ compensation
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solution. Separately, Medhub for Casualty – the integration of EvolutionIQ’s AI-powered medical record synthesis solution into CCC’s casualty suite of solutions – became generally available during Q3 and is generating strong engagement among auto insurance customers. • During the third quarter of 2025, CCC repurchased 4.8 million shares of its common stock for approximately $44.9 million. Year to date, the company has repurchased 22.8 million shares of its common stock for $217.2 million under its current $300 million repurchase authorization. • Effective with the commencement of trading on October 31, 2025, the Company’s common stock will trade on NASDAQ under the new symbol “CCC”. There is no action required by the company’s stockholders with respect to the ticker symbol change. The company’s common stock will continue to be listed on NASDAQ, and its CUSIP will remain unchanged. Business Outlook Based on information as of today, October 30, 2025, the Company is issuing the following financial guidance: Fourth Quarter Fiscal 2025 Full Year Fiscal 2025 Revenue $272.0 million to $277.0 million $1.051 billion to $1.056 billion Adjusted EBITDA $106.0 million to $111.0 million $423.0 million to $428.0 million Conference Call Information CCC will host a conference call today, October 30, 2025, at 8:00 a.m. (Eastern Time) to discuss the Company’s financial results and financial guidance. A live webcast of this conference call will be available on the “Investor Relations” page of the Company’s website at https://ir.cccis.com, and a replay will be archived on the website as well. About CCC Intelligent Solutions CCC Intelligent Solutions Inc. (CCC), a subsidiary of CCC Intelligent Solutions Holdings Inc. (NASDAQ: CCCS), is a leading SaaS platform provider for the multi-trillion-dollar insurance economy, creating intelligent experiences for insurers, repairers, automakers, part suppliers, and more. The CCC Intelligent Experience (IX) Cloud™ platform, powered by proven AI and an innovative event-based architecture, connects more than 35,000 businesses to power customized applications and platforms for optimal outcomes and personalized experiences that just work. Through purposeful innovation and the strength of its connections, CCC technologies empower the people and industry relied upon to keep lives moving forward when it matters most. Learn more about CCC at www.cccis.com. Forward Looking Statements This press release contains forward-looking statements that are based on beliefs and assumptions and on information currently available. In some cases, you can identify forward-looking statements by the following words: “may,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “project,” “potential,” “continue,” “ongoing” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from the information expressed or implied by these forward-looking statements. Forward-looking statements in this press release include, but are not limited to, future events, goals, plans and projections regarding the Company’s financial position, results of operations, market position, product development and business strategy. Such differences may be material. We cannot assure you that the forward-looking statements in this press release will prove to be accurate. These forward looking statements are subject to a number of risks and uncertainties, including, among others, our revenues, the concentration of our customers and the ability to retain our current customers; our ability to negotiate with our customers on favorable terms; our ability to maintain and grow our brand and reputation cost-effectively; the execution of our growth strategy; the impact of public health outbreaks, epidemics or pandemics on our business and results of operations; our projected financial information, growth rate and market opportunity; the health of our industry, claim volumes, and market conditions; changes in the insurance and automotive collision industries, including the adoption of new technologies; global economic conditions and geopolitical events, including the imposition of trade tariffs, supply chain disruption and inflationary; competition in our market and our ability to retain and grow market share; our ability to develop, introduce and market new enhanced versions of our solutions; our sales and implementation cycles; the ability of our research and development efforts to create significant new revenue streams; changes in applicable laws or regulations; changes in international economic, political, social and governmental conditions and policies, including corruption risks in China and other countries; our reliance on third-party data, technology and intellectual property; changes in our customers’ or the public’s perceptions regarding the use of artificial intelligence; our ability to protect our intellectual property; our ability to keep our data and information systems secure from data security breaches; our ability to acquire or invest in companies or pursue business partnerships; our ability to raise financing in the future and improve our capital structure; our success in retaining or recruiting, or changes required in, our officers, key employees or directors; our estimates regarding expenses, future revenue, capital requirements and needs for additional financing; our
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ability to expand or maintain our existing customer base; our ability to service our indebtedness; and other risks and uncertainties, including those included under the header “Risk Factors” in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024 filed with the Securities and Exchange Commission (“SEC”), which can be obtained, without charge, at the SEC’s website (www.sec.gov), and in our other filings with the SEC. The forward-looking statements in this press release represent our views as of the date of this press release. We anticipate that subsequent events and developments will cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we have no current intention of doing so except to the extent required by applicable law. You should, therefore, not rely on these forward-looking statements as representing our views as of any date subsequent to the date of this press release. Non-GAAP Financial Measures This press release includes certain financial measures not presented in accordance with generally accepted accounting principles in the U.S. (“GAAP”), including, but not limited to, “adjusted EBITDA,” “adjusted EBITDA margin,” “adjusted net income,” “adjusted operating income,” “adjusted gross profit,” “adjusted gross profit margin,” “adjusted operating expenses,” and “free cash flow” in each case presented on a non-GAAP basis, and certain ratios and other metrics derived therefrom. These non-GAAP financial measures are not measures of financial performance in accordance with GAAP and may exclude items that are significant in understanding and assessing the Company’s financial results. Therefore, these measures should not be considered in isolation or as an alternative to other measures of profitability, liquidity or performance under GAAP. You should be aware that the Company’s calculation of these non-GAAP measures may not be comparable to similarly-titled measures used by other companies. The Company believes these non-GAAP measures of financial results provide useful information to management and investors regarding certain financial and business trends relating to the Company’s financial condition and results of operations. The Company believes that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating ongoing operating results and trends and in comparing the Company’s financial measures with other similar companies, many of which present similar non-GAAP financial measures to investors. These non-GAAP financial measures are subject to inherent limitations as they reflect the exercise of judgments by management about which expense and income are excluded or included in determining these non-GAAP financial measures. Please refer to the reconciliations of these measures below to what the Company believes are the most directly comparable measures evaluated in accordance with GAAP. This press release also includes certain projections of non-GAAP financial measures. Due to the high variability and difficulty in making accurate forecasts and projections of some of the information excluded from these projected measures, together with some of the excluded information not being ascertainable or accessible, the Company is unable to quantify certain amounts that would be required to be included in the most directly comparable GAAP financial measures without unreasonable effort. Consequently, no disclosure of estimated comparable GAAP measures is included and no reconciliation of the forward-looking non-GAAP financial measures is included for these projections. Investor Contact: Bill Warmington VP, Investor Relations, CCC Intelligent Solutions Inc. 312-229-2355 IR@cccis.com Media Contact: Michelle Hellyar Senior Director, Public Relations, CCC Intelligent Solutions Inc. mhellyar@cccis.com
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CCC INTELLIGENT SOLUTIONS HOLDINGS INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands, except share data) September 30, December 31, 2025 2024 (Unaudited) ASSETS CURRENT ASSETS: Cash and cash equivalents $ 97,141 $ 398,983 Accounts receivable—Net of allowances of $4,101 and $4,692 as of September 30, 2025 and December 31, 2024, respectively 140,702 106,578 Income taxes receivable 38,476 7,743 Deferred contract costs 22,939 22,373 Other current assets 31,422 28,973 Total current assets 330,680 564,650 SOFTWARE, EQUIPMENT, AND PROPERTY—Net 167,960 172,079 OPERATING LEASE ASSETS 36,748 29,762 INTANGIBLE ASSETS—Net 1,033,538 934,278 GOODWILL 1,956,497 1,417,724 DEFERRED FINANCING FEES, REVOLVER—Net 1,459 1,743 DEFERRED CONTRACT COSTS 20,594 18,692 EQUITY METHOD INVESTMENT 10,228 10,228 OTHER ASSETS 33,923 34,062 TOTAL $ 3,591,627 $ 3,183,218 LIABILITIES, MEZZANINE EQUITY AND STOCKHOLDERS’ EQUITY CURRENT LIABILITIES: Accounts payable $ 22,633 $ 18,393 Accrued expenses 73,307 72,543 Income taxes payable 80 80 Current portion of long-term debt 10,010 8,000 Current portion of long-term licensing agreement—Net 3,413 3,257 Operating lease liabilities 7,707 7,658 Deferred revenues 76,450 44,915 Note payable to minority investor 24,446 — Total current liabilities 218,046 154,846 LONG-TERM DEBT—Net 971,208 761,053 DEFERRED INCOME TAXES—Net 180,552 164,844 LONG-TERM LICENSING AGREEMENT—Net 21,855 24,435 OPERATING LEASE LIABILITIES 52,750 47,235 OTHER LIABILITIES 17,394 11,303 Total liabilities 1,461,805 1,163,716 COMMITMENTS AND CONTINGENCIES (Notes 20 and 21) MEZZANINE EQUITY: Redeemable non-controlling interest — 21,679 STOCKHOLDERS’ EQUITY: Preferred stock—$0.0001 par; 100,000,000 shares authorized; no shares issued or outstanding — — Common stock—$0.0001 par; 5,000,000,000 shares authorized; 647,182,603 and 629,207,115 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively 65 63 Additional paid-in capital 3,449,971 3,094,182 Accumulated deficit (1,319,140) (1,095,227) Accumulated other comprehensive loss (1,074) (1,195) Total stockholders’ equity 2,129,822 1,997,823 TOTAL $ 3,591,627 $ 3,183,218
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CCC INTELLIGENT SOLUTIONS HOLDINGS INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME (In thousands, except share and per share data) (Unaudited) For the Three Months Ended For the Nine Months Ended September 30, September 30, 2025 2024 2025 2024 REVENUES $ 267,120 $ 238,481 $ 779,136 $ 698,336 COST OF REVENUES Cost of revenues, exclusive of amortization of acquired technologies 69,779 54,890 194,050 160,929 Amortization of acquired technologies 4,368 171 13,105 8,828 Total cost of revenues 74,147 55,061 207,155 169,757 GROSS PROFIT 192,973 183,420 571,981 528,579 OPERATING EXPENSES: Research and development 52,947 49,525 174,639 148,255 Selling and marketing 44,208 34,347 135,980 106,254 General and administrative 47,332 52,918 162,080 161,247 Amortization of intangible assets 18,512 17,942 55,536 53,826 Total operating expenses 162,999 154,732 528,235 469,582 OPERATING INCOME 29,974 28,688 43,746 58,997 INTEREST EXPENSE (18,103) (16,379) (52,866) (49,434) INTEREST INCOME 1,065 3,343 4,233 8,435 CHANGE IN FAIR VALUE OF WARRANT LIABILITIES — — — 14,378 OTHER INCOME (EXPENSE)—NET 466 (2,587) (6,688) 1,606 PRETAX INCOME (LOSS) 13,402 13,065 (11,575) 33,982 INCOME TAX (PROVISION) BENEFIT (15,373) (8,933) 5,143 (9,002) NET(LOSS) INCOME INCLUDING NON-CONTROLLING INTEREST (1,971) 4,132 (6,432) 24,980 LESS: ACCRETION OF REDEEMABLE NON-CONTROLLING INTEREST — (1,320) (1,276) (3,683) NET (LOSS) INCOME ATTRIBUTABLE TO CCC INTELLIGENT SOLUTIONS HOLDINGS INC. COMMON STOCKHOLDERS $ (1,971) $ 2,812 $ (7,708) $ 21,297 Net (loss) income per share attributable to common stockholders: Basic $ (0.00) $ 0.00 $ (0.01) $ 0.04 Diluted $ (0.00) $ 0.00 $ (0.01) $ 0.03 Weighted-average shares used in computing net (loss) income per share attributable to common stockholders: Basic 631,440,015 615,857,231 635,263,670 608,073,087 Diluted 631,440,015 642,404,517 635,263,670 639,069,491 COMPREHENSIVE (LOSS) INCOME: Net (loss) income including non-controlling interest (1,971) 4,132 (6,432) 24,980 Other comprehensive income—Foreign currency translation adjustment 83 117 121 26 COMPREHENSIVE (LOSS) INCOME INCLUDING NON-CONTROLLING INTEREST (1,888) 4,249 (6,311) 25,006 Less: accretion of redeemable non-controlling interest — (1,320) (1,276) (3,683) COMPREHENSIVE (LOSS) INCOME ATTRIBUTABLE TO CCC INTELLIGENT SOLUTIONS HOLDINGS INC. COMMON STOCKHOLDERS $ (1,888) $ 2,929 $ (7,587) $ 21,323
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CCC INTELLIGENT SOLUTIONS HOLDINGS INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands) (Unaudited) For the Nine Months Ended September 30, 2025 2024 CASH FLOWS FROM OPERATING ACTIVITIES: Net (loss) income $ (6,432) $ 24,980 Adjustments to reconcile net loss to net cash provided by operating activities: Depreciation and amortization of software, equipment, and property 44,376 29,520 Amortization of intangible assets 68,641 62,654 Deferred income taxes (1,208) (32,941) Stock-based compensation 146,216 127,221 Amortization of deferred financing fees 1,405 1,452 Amortization of discount on debt 117 191 Change in fair value of derivative instruments 8,441 4,775 Change in fair value of warrant liabilities — (14,378) Loss on disposal of software, equipment and property — 302 Noncash interest expense 1,491 — Other — 163 Changes in: Accounts receivable—Net (33,743) (27,237) Deferred contract costs (566) (1,807) Other current assets (2,770) 1,670 Deferred contract costs—Non-current (1,902) 906 Other assets 139 1,724 Operating lease assets 1,855 1,580 Income taxes (30,733) (203) Accounts payable 3,813 5,483 Accrued expenses (6,720) (14,896) Operating lease liabilities (3,277) (2,878) Deferred revenues 10,073 3,024 Other liabilities (2,901) (1,064) Net cash provided by operating activities 196,315 170,241 CASH FLOWS FROM INVESTING ACTIVITIES: Purchases of software, equipment, and property (46,684) (45,073) Acquisition of EvolutionIQ, Inc., net of cash acquired (410,412) — Net cash used in investing activities (457,096) (45,073) CASH FLOWS FROM FINANCING ACTIVITIES: Proceeds from exercise of stock options 3,603 23,997 Proceeds from employee stock purchase plan 5,044 5,745 Payments for employee taxes withheld upon vesting of equity awards (48,262) (57,519) Repurchase of common stock (212,485) — Proceeds from issuance of long-term debt 225,000 — Payments of fees associated with the debt modification (6,565) (661) Principal payments on long-term debt (7,508) (6,000) Net cash used in financing activities (41,173) (34,438) NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS 112 1 NET CHANGE IN CASH AND CASH EQUIVALENTS (301,842) 90,731 CASH AND CASH EQUIVALENTS: Beginning of period 398,983 195,572 End of period $ 97,141 $ 286,303 NONCASH INVESTING AND FINANCING ACTIVITIES: Stock issued related the acquisition of EvolutionIQ, Inc. $ 250,441 $ — Issuance of promissory note to minority investor of redeemable preferred securities $ 22,955 $ — Noncash purchases of software, equipment, and property $ — $ 7,305 SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: Cash paid for interest $ 51,893 $ 48,294 Cash paid for income taxes—Net $ 26,199 $ 42,137
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CCC INTELLIGENT SOLUTIONS HOLDINGS INC. AND SUBSIDIARIES RECONCILIATION OF GROSS PROFIT TO ADJUSTED GROSS PROFIT (In thousands, except profit margin percentage data) (Unaudited) Three Months Ended September 30, Nine Months Ended September 30, (amounts in thousands, except percentages) 2025 2024 2025 2024 Gross Profit $ 192,973 $ 183,420 $ 571,981 $ 528,579 Amortization of acquired technologies 4,368 171 13,105 8,828 Stock-based compensation and related employer payroll tax 2,156 2,337 9,395 7,617 Adjusted Gross Profit $ 199,497 $ 185,928 $ 594,481 $ 545,024 Gross Profit Margin 72% 77% 73% 76% Adjusted Gross Profit Margin 75% 78% 76% 78%
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CCC INTELLIGENT SOLUTIONS HOLDINGS INC. AND SUBSIDIARIES RECONCILIATION OF GAAP OPERATING EXPENSES TO ADJUSTED OPERATING EXPENSES (In thousands) (Unaudited) Three Months Ended September 30, Nine Months Ended September 30, (dollar amounts in thousands) 2025 2024 2025 2024 Operating expenses $ 162,999 $ 154,732 $ 528,235 $ 469,582 Amortization of intangible assets (18,512) (17,942) (55,536) (53,826) Stock-based compensation expense and related employer payroll tax (37,623) (40,306) (142,562) (125,827) M&A and integration costs (234) — (8,200) (477) Equity transaction costs, including secondary offerings (177) (137) (629) (1,876) Litigation (costs) proceeds, net — (1,614) 3,665 (3,813) Debt refinancing costs — — (3,119) — Adjusted Operating Expenses $ 106,453 $ 94,733 $ 321,854 $ 283,763
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CCC INTELLIGENT SOLUTIONS HOLDINGS INC. AND SUBSIDIARIES RECONCILIATION OF GAAP OPERATING INCOME TO ADJUSTED OPERATING INCOME (In thousands) (Unaudited) Three Months Ended September 30, Nine Months Ended September 30, (dollar amounts in thousands) 2025 2024 2025 2024 Operating income $ 29,974 $ 28,688 $ 43,746 $ 58,997 Amortization of intangible assets 18,512 17,942 55,536 53,826 Amortization of acquired technologies—Cost of revenue 4,368 171 13,105 8,828 Stock-based compensation expense and related employer payroll tax 39,779 42,643 151,957 133,444 M&A and integration costs 234 — 8,200 477 Equity transaction costs, including secondary offerings 177 137 629 1,876 Litigation costs (proceeds), net — 1,614 (3,665) 3,813 Debt refinancing costs — — 3,119 — Adjusted Operating Income $ 93,044 $ 91,195 $ 272,627 $ 261,261
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CCC INTELLIGENT SOLUTIONS HOLDINGS INC. AND SUBSIDIARIES RECONCILIATION OF GAAP NET INCOME (LOSS) TO ADJUSTED EBITDA (In thousands, except for EBITDA margin percentage data) (Unaudited) Three Months Ended September 30, Nine Months Ended September 30, (dollar amounts in thousands) 2025 2024 2025 2024 Net (loss) income $ (1,971) $ 4,132 $ (6,432) $ 24,980 Interest expense 18,103 16,379 52,866 49,434 Interest income (1,065) (3,343) (4,233) (8,435) Income tax provision (benefit) 15,373 8,933 (5,143) 9,002 Amortization of intangible assets 18,512 17,942 55,536 53,826 Amortization of acquired technologies—Cost of revenue 4,368 171 13,105 8,828 Depreciation and amortization of software, equipment and property 2,180 2,291 6,675 6,455 Depreciation and amortization of software, equipment and property—Cost of revenue 14,823 8,069 37,701 23,065 Stock-based compensation expense and related employer payroll tax 39,779 42,643 151,957 133,444 M&A and integration costs 234 — 8,200 477 Equity transaction costs, including secondary offerings 177 137 629 1,876 Litigation costs (proceeds), net — 1,614 (3,665) 3,813 Debt refinancing costs — — 3,119 — Change in fair value of derivative instruments 60 4,641 8,441 4,775 Income from derivative instruments (453) (2,055) (1,442) (6,094) Change in fair value of warrant liabilities — — — (14,378) Adjusted EBITDA $ 110,120 $ 101,554 $ 317,314 $ 291,068 Adjusted EBITDA Margin 41% 43% 41% 42%
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CCC INTELLIGENT SOLUTIONS HOLDINGS INC. AND SUBSIDIARIES RECONCILIATION OF GAAP NET INCOME (LOSS) TO ADJUSTED NET INCOME (In thousands, except share and per share data) (Unaudited) Three Months Ended September 30, Nine Months Ended September 30, (dollar amounts in thousands) 2025 2024 2025 2024 Net (loss) income $ (1,971) $ 4,132 $ (6,432) $ 24,980 Amortization of intangible assets 18,512 17,942 55,536 53,826 Amortization of acquired technologies—Cost of revenue 4,368 171 13,105 8,828 Stock-based compensation expense and related employer payroll tax 39,779 42,643 151,957 133,444 M&A and integration costs 234 — 8,200 477 Equity transaction costs, including secondary offerings 177 137 629 1,876 Litigation costs (proceeds), net — 1,614 (3,665) 3,813 Debt refinancing costs — — 3,119 — Change in fair value of derivative instruments 60 4,641 8,441 4,775 Change in fair value of warrant liabilities — — — (14,378) Tax effect of adjustments (1,730) (8,700) (58,124) (44,084) Adjusted Net Income $ 59,429 $ 62,580 $ 172,766 $ 173,557 Adjusted Net Income Per Share attributable to common stockholders: Basic $ 0.09 $ 0.10 $ 0.27 $ 0.29 Diluted $ 0.09 $ 0.10 $ 0.26 $ 0.27 Weighted average shares outstanding: Basic 631,440,015 615,857,231 635,263,670 608,073,087 Diluted 657,825,243 642,404,517 664,060,542 639,069,491
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CCC INTELLIGENT SOLUTIONS HOLDINGS INC. AND SUBSIDIARIES RECONCILIATION OF NET CASH FLOW FROM OPERATING ACTIVITIES TO FREE CASH FLOW (In thousands) (Unaudited) Three Months Ended September 30, Nine Months Ended September 30, (dollar amounts in thousands) 2025 2024 2025 2024 Net cash provided by operating activities $ 94,767 $ 63,232 $ 196,315 $ 170,241 Purchases of software, equipment, and property (16,135) (13,849) (46,684) (45,073) Free Cash Flow $ 78,632 $ 49,383 $ 149,631 $ 125,168