Filing Flows › CCC Intelligent Solutions Holdings (CCC) › Q4 2024
CCC Intelligent Solutions Holdings (CCC) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Feb 25, 2025
CCC Intelligent Solutions Holdings (CCC) reported revenue of $246M for the fourth quarter 2024 (Q4 2024), +8% from a year earlier and +3% from the quarter before. Operating margin was 8.6%, net earnings $6.3M (2.5% of revenue).
CCC Intelligent Solutions Holdings, Q4 2024: revenue $246M (+8% year over year), operating margin 8.6%, net earnings $6.3M, operating cash flow $114M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $246M | +3% | +8% |
| Gross profit | $185M | +1% | +7% |
| Operating profit | $21.1M | -26% | +9% |
| Net earnings | $6.3M | +52% | -76% |
| Operating cash flow | $114M | +80% | +31% |
| Free cash flow | $106M | — | +41% |
What changed
Revenue was $246.5M in Q4 2024, up 8% year over year and up 3% from the previous quarter. Software Subscriptions was the largest line at 96% of revenue.
Gross margin was 75.2%, down 0.4 points from a year earlier. Operating profit was $21.1M, a 8.6% margin (up 0.1 points year over year). Of the extra revenue versus a year earlier, 10% reached operating profit, above the 8% margin then. Operating expenses grew 7% against revenue growth of 8%. The fastest-growing cost line was Research & development (+18%). Net earnings were $6.3M, down 76% year over year. The effective tax rate was 39.4%.
Operating cash flow was $113.6M (up 31% year over year), 1815% of net earnings. Non-cash charges added back $13.4M of depreciation and amortization and $43.8M of share-based compensation. Working capital and other items added $50.2M. After purchases of software, equipment and property ($7.9M), free cash flow as the company reports it was $105.7M.
Questions
What was CCC Intelligent Solutions Holdings' revenue in the fourth quarter 2024?
CCC Intelligent Solutions Holdings (CCC) reported revenue of $246M for the fourth quarter 2024 (Q4 2024), +8% from a year earlier and +3% from the quarter before.
Was CCC Intelligent Solutions Holdings profitable in the fourth quarter 2024?
Operating profit was $21.1M (8.6% of revenue) and net earnings $6.3M.
Source: CCC Intelligent Solutions Holdings 10-K on SEC EDGAR.