Strong Revenue Growth
CCC's total revenue for the first quarter of 2025 was $252 million, representing a 11% year-over-year growth and crossing the $1 billion revenue run rate threshold for the first time.
Record Adjusted EBITDA
Adjusted EBITDA for the quarter was $99 million, ahead of guidance, with an adjusted EBITDA margin of 39%.
Expansion with Caliber Collision
Renewal and expansion of a long-term contract with Caliber Collision, extending use of CCC ONE platform and adding new solutions like CCC Diagnostics Workflow.
New OEM Partnership
Signed a large new account with an OEM having a captive insurance business, focusing on EVs, involving both insurance and collision repair sides.
Emerging Solutions Growth
Emerging solutions contributed about four percentage points of total revenue, growing significantly with products like diagnostics, build sheets, and Estimate STP.
Successful Integration of EvolutionIQ
Integration of EvolutionIQ progressing well, with plans to launch MedHub for auto casualty by the third quarter.