NASDAQ$CCC
CCC Intelligent Solutions Holdings Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
CCC's Q4 2023 financial results were announced, demonstrating strong revenue growth and profitability.
CCC Intelligent Solutions Holdings Inc. reported a 12% increase in revenue for Q4 2023, reaching $228.6 million. The company's GAAP net income significantly improved to $26.3 million, and adjusted EBITDA grew by 25% to $100.1 million.
- Total revenue increased by 12% to $228.6 million compared to Q4 2022.
- GAAP gross profit was $172.7 million, with a gross margin of 76%.
- GAAP operating income increased to $19.4 million from $9.7 million in the prior year.
- Adjusted EBITDA grew by 25% to $100.1 million.
Headline financials
Revenue & EPS history
CCC · Revenue · Quarterly
$229M
Forward guidance
For the first quarter of fiscal year 2024, CCC anticipates revenue between $224.5 million and $226.0 million, and adjusted EBITDA between $90.5 million and $92.0 million. For the full fiscal year 2024, the company projects revenue between $942.0 million and $950.0 million, and adjusted EBITDA between $387.0 million and $395.0 million.
Tailwinds
- Revenue is expected to be between $224.5 million and $226.0 million for Q1 2024.
- Adjusted EBITDA is projected to be between $90.5 million and $92.0 million for Q1 2024.
- Full year revenue is guided to be between $942.0 million and $950.0 million for fiscal year 2024.
- Adjusted EBITDA is expected to be between $387.0 million and $395.0 million for fiscal year 2024.
- CCC continues to deliver innovative solutions to its customers at scale, touching more claims with more capabilities than ever before.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2023
+1.0%
Avg return
Earnings day
-0.6%
Avg return
5 days after
+1.6%
Avg return
30 days after
57%
13 / 23 earnings
Positive
+23.4%
Q4 2025
Best reaction
-9.9%
Q1 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +8.7% | +10.4% | -2.9% | |
| Q4 2025 | +23.4% | +10.1% | +14.8% | |
| Q3 2025 | -3.0% | -9.8% | -17.3% | |
| Q1 2025 | -9.9% | -2.0% | -2.9% | |
| Q4 2024 | +0.1% | -2.5% | -13.4% | |
| Q3 2024 | -0.6% | -4.8% | +14.6% | |
| Q2 2024 | -7.1% | -7.5% | -1.6% | |
| Q1 2024 | -7.9% | -5.7% | -1.6% | |
| Q4 2023 | +1.5% | +2.8% | +3.6% | |
| Q3 2023 | +6.7% | +4.8% | +6.5% | |
| Q2 2023 | -2.3% | -3.2% | -2.9% | |
| Q1 2023 | +5.4% | +2.6% | +28.2% | |
| Q4 2022 | -2.7% | -0.9% | +0.1% | |
| Q3 2022 | +2.4% | +1.2% | +2.5% | |
| Q2 2022 | +1.9% | -1.3% | -4.9% | |
| Q1 2022 | -1.4% | -15.8% | +4.1% | |
| Q4 2021 | +1.3% | -1.6% | +1.7% | |
| Q2 2021 | +1.3% | -1.6% | +1.7% | |
| Q1 2020 | +3.3% | +5.0% | -5.5% | |
| Q3 2021 | +3.9% | +7.3% | -1.8% | |
| Q1 2021 | +0.4% | -0.1% | +0.0% | |
| Q4 2020 | -1.7% | -0.3% | -0.1% | |
| Q3 2020 | -0.7% | -0.3% | +14.4% |
Discussion
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