Financial Analysis

19. COMMITMENTS Purchase Obligations The Company has long-term agreements with suppliers and other parties related to licensing data used in its services, outsourced data center, disaster recovery and SaaS that expire at various dates through 2031 . As of June 30, 2026, there were no material changes from the amounts disclosed as of December 31, 2025. Guarantees The Companys services and solutions are typically warranted to perform in a manner consistent with general industry standards that are reasonably applicable and substantially in accordance with the Companys services and solutions documentation under normal use and circumstances. The Companys services and solutions are generally warranted to be performed in a professional manner and to materially conform to the specifications set forth in the related customer contract. The Companys arrangements also include certain provisions for indemnifying customers against liabilities if its services and solutions infringe a third partys intellectual property rights. To date, the Company has not incurred any material costs as a result of such indemnifications or commitments and has not accrued any liabilities related to such obligations in the accompanying condensed consolidated financial statements. Employment Agreements The Company is a party to employment agreements with key employees that provide for compensation and certain other benefits. These agreements also provide for severance and bonus payments under certain circumstanc …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

16. NOTE PAYABLE TO MINORITY INVESTOR In connection with the notice of redemption of the Series A Preferred Stock of CCC Cayman and in accordance with the provisions of the Series A Preferred Stock purchase agreement and related documents (see Note 15), on May 16, 2025, CCC Cayman issued a promissory note (the Promissory Note) to the holder of the Series A Preferred Stock of CCC Cayman. The obligors under the Promissory Note are CCC Cayman and its subsidiaries, without recourse to the Company. The Promissory Note has an initial principal amount outstanding of $ 23.4 million, which included accrued interest of $ 0.4 million. The Promissory Note accrues interest at a rate of 12.0 % per annum, compounded daily. All accrued in terest is payable in kind and added to the outstanding principal amount. During the three and six months ended June 30, 2026 , the Company recognized $ 0.8 million and $ 1.5 million of interest expense on the Promissory Note, respectively . The Promissory Notes maturity date is defined as the date CCC Cayman has available funds and assets, as defined in the Series A Preferred Stock purchase agreement and related documents, that are available and sufficient to pay in full the redemption price for the holder's shares of Series A Preferred Stock. The Promissory Note allows for CCC Cayman to prepay, in whole or in part, any outstanding principal or interest prior to the maturity date without penalty. As of June 30, 2026 , the total amount outstanding under the …

DebtDisclosureTextBlock · excerpt; the full note is in the filing

18. STOCK INCENTIVE PLANS In July 2021, the 2021 Equity Incentive Plan (the 2021 Plan) was adopted and approved by the Companys board of directors and stockholders. Restricted Stock Units and Restricted Stock Awards The table below summarizes the restricted stock unit ( RSU) and restricted stock award (RSA) activity for the six months ended June 30, 2026: Weighted- Average Shares Fair Value Unvested December 31, 2025 24,982,281 $ 10.27 Granted 12,714,910 6.61 Vested ( 9,800,652 ) 9.84 Forfeited ( 2,424,239 ) 8.85 Unvested June 30, 2026 25,472,300 $ 8.37 In connection with the acquisition of EvolutionIQ (see Note 3), the Company grante d 792,174 RSAs that are subject to service conditions. During the six months ended June 30, 2026 , the Company granted 12,714,910 RSUs. Of the RSUs granted during the six months ended June 30, 2026 , 11,099,413 have time-based vesting requirements, and 1,615,497 have performance-based vesting requirements. The performance-based awards granted during the six months ended June 30, 2026, include both a performance and a market condition. The grant date fair value of the performance-based awards with a market condition is estimated on the date of grant using the Monte Carlo simulation model. During the six months ended June 30, 2026 , 9,800,652 RSUs vested, of which 2,877,147 were withheld for employee tax obligations. Stock Options The table below summarizes the stock option activity for the six months ended June 30, 2026: Weighted- Average Weighte …

DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock · excerpt; the full note is in the filing

5. FAIR VALUE MEASUREMENTS Assets and Liabilities Measured at Fair Value on a Recurring Basis Interest Rate Swaps In February 2025, the Company entered into three interest rate swap agreements to reduce its exposure to variability from future cash flows resulting from interest rate risk related to its floating rate long-term debt (see Note 14). The fair value of the interest rate swap agreements was estimated using inputs that were observable or that could be corroborated by observable market data and therefore was classified within Level2 of the fair value hierarchy as of June 30, 2026. The Company does not designate its interest rate swap agreements as hedging instruments and records the changes in fair value within other income (expense)-net on the condensed consolidated statements of operations and comprehensive income (loss). As of June 30, 2026 , the Company's interest rate swap agreements were in both asset and liability positions, with a total fair value of $ 0.4 million recorded within other assets and $ 0.3 million recorded within other liabilities in the accompanying condensed consolidated balance sheet as of June 30, 2026. The following table presents the fair value of the assets and liabilities measured at fair value on a recurring basis at June 30, 2026 (in thousands): Fair Value Level 1 Level 2 Level 3 Assets Interest rate swap $ 391 $ $ 391 $ Total Assets $ 391 $ $ 391 $ Liabilities Interest rate swap $ 297 $ $ 297 $ Total liabilities $ 297 $ $ 297 $ The follo …

FairValueDisclosuresTextBlock · excerpt; the full note is in the filing

11. GOODWILL AND INTANGIBLE ASSETS Goodwill and intangible assets are primarily the result of business acquisitions. The Company performs its annual impairment assessment of goodwill and indefinite life intangible assets as of November 30 of each year. No impairments to goodwill or indefinite life intangible assets were recorded during the three and six months ended June 30, 2026. The following table presents the gross amount, accumulated impairment loss and carrying amount of goodwill as of June 30, 2026 and December 31, 2025. Accumulated Net Gross Amount Impairment Loss Carrying Amount Balance as of June 30, 2026 $ 2,058,753 $ ( 103,202 ) $ 1,955,551 Balance as of December 31, 2025 $ 2,058,753 $ ( 103,202 ) $ 1,955,551 The accumulated impairment loss is due to impairment charges of $ 77.4 million and $ 25.8 million recognized during the years ended December 31, 2023 and December 31, 2019, respectively. There were no changes in the carrying amount of goodwill during the three and six months ended June 30, 2026. Intangible Assets No intangible asset impairments were recorded during the three and six months ended June 30, 2026. The intangible assets balance as of June 30, 2026 is reflected below (in thousands): Weighted- Average Estimated Remaining Gross Net Useful Life Useful Life Carrying Accumulated Carrying (Years) (Years) Amount Amortization Amount Intangible assets: Customer relationships 16 - 18 9.1 $ 1,324,130 $( 661,503 ) $ 662,627 Acquired technologies 8 6.4 139,100 …

GoodwillAndIntangibleAssetsDisclosureTextBlock · excerpt; the full note is in the filing

6. INCOME TAXES The Company recognized an income tax provision of $ 9.8 million and an income tax benefit of $ 7.2 million for the three months ended June 30, 2026 and 2025, respectively. The income tax provision for the three months ended June 30, 2026 was primarily due to the Companys pre-tax book income, as well as the tax impact related to stock-based compensation expense. The income tax benefit for the three months ended June 30, 2025 was primarily due to the Company's year-to-date pre-tax book loss and the annual effective tax rate impact related to stock based compensation. The Company recognized an income tax provision of $ 27.8 million and an income tax benefit of $ 20.5 million for the six months ended June 30, 2026 and 2025, respectively. The income tax provision for the six months ended June 30, 2026 was primarily due to the Companys pre-tax book income, as well as the tax impact related to stock-based compensation expense. The income tax benefit for the six months ended June 30, 2025 was primarily due to the Company's pre-tax book loss and the annual effective tax rate impact related to stock based compensation. The Company made income tax payments of $ 4.2 million and $ 26.3 million during the three months ended June 30, 2026 and 2025 , respectively. The Company received refunds from various states of $ 0.3 million and $ 0.2 million during the three months ended June 30, 2026 and 2025. The Company made income tax payments of $ 5.1 million and $ 27.3 million duri …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

20. LEGAL PROCEEDINGS AND CONTINGENCIES In the ordinary course of business, the Company is from time to time, involved in various pending or threatened legal actions. The litigation process is inherently uncertain, and it is possible that the resolution of such matters might have a material adverse effect upon the Companys consolidated financial condition and/or results of operations. The Companys management believes, based on current information, matters currently pending or threatened are not expected to have a material adverse effect on the Companys consolidated financial position or results of operations. …

LegalMattersAndContingenciesTextBlock · excerpt; the full note is in the filing

"14. LONG-TERM DEBT On September 21, 2021, CCC Intelligent Solutions Inc., the Companys operating subsidiary, entered into a credit agreement (as amended, the 2021 Credit Agreement). Refer to Note 15, Long-Term Debt, in the Companys Annual Report on Form 10-K for the year ended December 31, 2025 for a full description of the 2021 Credit Agreement (including detailed terms and amendments). The Companys long-term debt comprises a senior secured term loan (the Term Loan) and a revolving credit facility (the 2021 Revolving Credit Facility) under the 2021 Credit Agreement. Term Loan and Revolving Credit Facility At June 30, 2026, the Term Loan had an outstanding principal balance of $ 1,284.5 million (with $ 13.0 million classified as current), compared to $ 1,291.0 million at December 31, 2025. The Term Loan matures on January 23, 2032 and requires quarterly principal payments of $ 3.3 million through December 31, 2031, with the remaining balance due at maturity. No amounts were drawn on the $ 250.0 million 2021 Revolving Credit Facility as of June 30, 2026. The 2021 Revolving Credit Facility matures on September 23, 2029 (subject to a springing maturity on June 22, 2028 if more than $ 234.0 million of Term Loan remains outstanding at that date). As of June 30, 2026, the Company had $ 1.0 million of outstanding standby letters of credit, which reduced the available borrowing capacity under the 2021 Revolving Credit Facility to $ 249.0 million. As of June 30, 2026, and December 31 …

LongTermDebtTextBlock · excerpt; the full note is in the filing

Recently Issued Accounting Pronouncements In September 2025, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update 2025-06, Intangibles-Goodwill and Other - Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software. Among other things, this update removes the accounting consideration of software project development stages, and requires an entity to start capitalizing software costs when management has authorized and committed to funding the software project, and it is probable that the project will be completed and used to perform its intended function. The guidance can be applied on a prospective basis, modified basis, or retrospective basis. The amendments in this update are effective for fiscal years beginning after December 15, 2027, and interim periods in those fiscal years. The Company is evaluating the impact of the adoption of ASU 2025-06 to its consolidated financial statements. In November 2024, the FASB issued ASU 2024-03, Income StatementReporting Comprehensive IncomeExpense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses . This update requires new disclosures aimed at enhancing transparency in financial reporting by requiring disaggregation of specific expense captions within the statement of operations. Under the update, entities are required to disclose a breakdown of certain expense categories, such as: employee compensation; depreciation; am …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

21. ReLATED PARTIES The Company has engaged in transactions within the ordinary course of business with entities affiliated with its principal equity owners and directors. The following table summarizes revenues recognized and expenses incurred with entities affiliated with one of its principal equity owners and directors for the three and six months ended June 30, 2026 and 2025 (in thousands): For the Three Months Ended For the Six Months Ended June 30, June 30, 2026 2025 2026 2025 Revenues Software subscriptions $ 887 $ $ 1,809 $ Credit card processing 217 506 643 888 Expenses Employee health insurance benefits ^ 565 ^ 947 IT security software ^ 156 ^ 312 Board of director fees for services, including related travel and out-of-pocket reimbursements 137 245 273 331 ^ Not a related party during the three and six months ended June 30. As of June 30, 2026 and 2025 , all receivables and payables from related parties were de minimis. …

RelatedPartyTransactionsDisclosureTextBlock · excerpt; the full note is in the filing

4. REvenue Disaggregation of Revenue The Company provides disaggregation of revenue based on type of service as it believes these categories best depict how the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors. The following table summarizes revenue by type of service for the three and six months ended June 30, 2026 and 2025 (in thousands): For the Three Months Ended For the Six Months Ended June 30, June 30, 2026 2025 2026 2025 Software subscriptions $ 273,986 $ 250,579 $ 544,106 $ 493,115 Other 11,945 9,872 23,099 18,901 Total revenues $ 285,931 $ 260,451 $ 567,205 $ 512,016 Transaction Price Allocated to the Remaining Performance Obligations Remaining performance obligations represent contracted revenue that has not yet been recognized, which includes deferred revenue and amounts that will be invoiced and recognized as revenue in future periods. As of June 30, 2026 , approximately $ 1,854 million of revenue is expected to be recognized from remaining performance obligations in the amount of approximately $ 797 million during the following twelve months, and approximately $ 1,058 million thereafter. The estimated revenues do not include unexercised contract renewals. The remaining performance obligations exclude future transaction revenue where revenue is recognized as the services are rendered and in the amount to which the Company has the right to invoice. Deferred Revenue Revenue recognized for the three months ended June …

RevenueFromContractWithCustomerTextBlock · excerpt; the full note is in the filing

24. SEGMENT INFORMATION and information about geographic areas The Company organizes its segments around its operations by geographic region and operates in one reportable segment (the Domestic Segment). The Domestic Segment provides SaaS platforms for the insurance economy and derives revenues from providing customers with software subscriptions to the platforms in addition to providing professional services and non-software services. The accounting policies of the Domestic Segment are the same as those described in Note 2. The Company does not have intra-entity sales or transfers. The chief operating decision maker (CODM) of the Domestic Segment is the Companys chief executive officer . The CODM assesses performance for the Domestic Segment at the segment level and uses the segments performance when making strategic decisions on how to allocate resources and capital. In addition, the segments performance is used when reviewing actual financial performance against internal budgets and for establishing incentive compensation targets. The CODM uses net income (loss) to evaluate income (loss) generated from operations in deciding whether to reinvest profits into the Domestic Segment or use for acquisitions, to pay dividends or repurchase outstanding shares of common stock. The CODM reviews financial information, including significant expenses, of the Domestic Segment on an adjusted basis, excluding certain items that may not be indicative of the Companys recurring core business …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presenta tion The condensed consolidated balance sheets as of June 30, 2026 and December 31, 2025, the condensed consolidated statements of operations and comprehensive income (loss) for the three and six months ended June 30, 2026 and 2025, the condensed consolidated statements of mezzanine equity and stockholders equity for the three and six months ended June 30, 2026 and 2025, and the condensed consolidated statements of cash flows for the six months ended June 30, 2026 and 2025 have been prepared by the Company and have not been audited. In the opinion of management, all adjustments (which include only normal recurring adjustments except where disclosed) necessary for the fair presentation of the financial position, results of operations and cash flows have been made. The results of operations for any interim period are not necessarily indicative of the results to be expected for the full year or any future period. The accompanying condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles (GAAP) for interim financial information and in accordance with the instructions to Form 10-Q and Regulation S-X of the Securities and Exchange Commission (SEC). The preparation of the condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the d …

SignificantAccountingPoliciesTextBlock · excerpt; the full note is in the filing

17. CAPITAL STOCK Preferred Stock The Company is authorized to issue up to 100,000,000 shares of undesignated preferred stock with a par value of $ 0.0001 per share with such designations, voting and other rights and preferences as may be determined from time to time by the Companys board of directors. As of June 30, 2026 , there were no shares of preferred stock issued or outstanding. Common Stock The Company is authorized to issue up to 5,000,000,000 shares of common stock with a par value of $ 0.0001 per share. Each holder of common stock is entitled to one vote for each share of common stock held of record by such holder on all matters voted upon by the stockholders, subject to the restrictions set out in the Company s certificate of incorporation. Holders of common stock are entitled to receive any dividends as may be declared from time to time by the board of directors. Upon a liquidation event, subject to the rights of the holders of any preferred stock issued and outstanding at such time, any distribution shall be made on a pro rata basis to the common stockholders. There we re 587,843,605 and 605,449,050 shares of common stock issued and outstanding as of June 30, 2026 and December 31, 2025, respectively. Restricted Common Stock As part of the acquisition of EvolutionIQ in January 2025 (see Note 3), the Company issued 10,356,096 restricted shares of common stock, subject to re-vesting conditions. The restricted shares have service-based vesting conditions and vest an …

StockholdersEquityNoteDisclosureTextBlock · excerpt; the full note is in the filing