CCC Intelligent Solutions (US:CCCS)2025-05-06 11:15Financial Performance - Total revenue for Q1 2025 was $251.6 million, an 11% increase from $227.2 million in Q1 2024[3] - Adjusted EBITDA for Q1 2025 was $99.1 million, a 6% increase from $93.7 million in Q1 2024[7] - GAAP net loss for Q1 2025 was $17.4 million, compared to a GAAP net loss of $0.6 million in Q1 2024[7] - Free cash flow for Q1 2025 was $43.6 million, up from $39.6 million in Q1 2024[5] - Revenues for Q1 2025 increased to $251,565, up 10.7% from $227,237 in Q1 2024[21] - Gross profit for Q1 2025 was $184,992, representing a gross profit margin of 74%[25] - The net loss for Q1 2025 was $17,421,000, a significant increase from a net loss of $597,000 in Q1 2024[29] - Adjusted EBITDA for the first quarter of 2025 was $99,077,000, compared to $93,715,000 in the same quarter of 2024, with an adjusted EBITDA margin of 39%[29] - The adjusted net income for Q1 2025 was $54,481,000, with adjusted net income per share of $0.09 for basic shares, unchanged from Q1 2024[31] Guidance and Projections - The company expects Q2 2025 revenue to be between $255.5 million and $257.5 million[10] - Full year 2025 revenue guidance is set between $1.046 billion and $1.056 billion[10] - Adjusted EBITDA guidance for full year 2025 is projected between $420.0 million and $428.0 million[10] Assets and Liabilities - Total current assets decreased to $297,913 from $564,650 as of December 31, 2024[20] - Total liabilities increased to $1,434,352 from $1,163,716 as of December 31, 2024[20] - Cash and cash equivalents decreased to $130,323 from $398,983 as of December 31, 2024[20] Operating Expenses and Losses - Operating expenses for Q1 2025 were $195,691, up from $160,065 in Q1 2024[26] - For the three months ended March 31, 2025, CCC Intelligent Solutions reported an operating loss of $10,699,000, compared to an operating income of $7,797,000 in the same period of 2024[27] - The adjusted operating income for Q1 2025 was $85,335,000, slightly up from $84,083,000 in Q1 2024[27] Stock-Based Compensation and Costs - Stock-based compensation increased to $61,048 in Q1 2025 from $44,971 in Q1 2024[23] - Stock-based compensation expense increased to $65,919,000 in Q1 2025 from $50,033,000 in Q1 2024[29] - M&A and integration costs rose to $7,619,000 in Q1 2025, compared to $477,000 in Q1 2024[29] Integration and Market Expansion - The integration of EvolutionIQ is on track, with the launch of Medhub for Casualty ahead of schedule[2] - CCC has signed a large OEM with a captive insurance business, indicating continued market expansion[9]