Liquidity has deteriorated rapidly, with cash balances falling from $399.0M in 2024Q4 to $36.9M in 2026Q1, largely driven by aggressive share buybacks.
| Cash from Operations | 314.45M | 315.48M | 283.89M | 250.03M | 199.91M | 127.33M | 103.94M |
| Operating CF Margin % | - | 29.85% | 30.05% | 28.86% | 25.55% | 18.5% | 16.42% |
| Operating CF Growth % | 36.13% | 11.13% | 13.54% | 25.07% | 56.99% | 22.5% | - |
| Net Income | 34.53M | 412K | 31.24M | -90.07M | 38.41M | -248.92M | -16.88M |
| Depreciation & Amortization | 168.22M | 150.28M | 123.68M | 135.34M | 127.15M | 123.13M | 116.36M |
| Stock-Based Compensation | 146.22M | 175.39M | 171.04M | 144.52M | 109.5M | 262M | 11.34M |
| Deferred Taxes | 34.65M | 18.5M | -30.52M | -46.33M | -34.4M | -46.88M | -11.12M |
| Other Non-Cash Items | -14.83M | 13.95M | -6.59M | 107.5M | -26.84M | 81.87M | 23.55M |
| Working Capital Changes | -54.34M | -43.05M | -4.96M | -917K | -13.91M | -43.86M | -19.3M |
| Change in Receivables | -40.92M | -30.12M | -4.2M | 0 | -19.84M | -4.72M | -10.56M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | -164K | 12.13M | 2.07M | -11.27M | 15.52M | -1.05M | -2.26M |
| Cash from Investing | -57.28M | -471.38M | -53.01M | -55.03M | -76.29M | -48.6M | -30.67M |
| Capital Expenditures | -93.84M | -60.97M | -53.01M | 0 | -47.95M | -38.32M | -30.11M |
| CapEx % of Revenue | 8.64% | 5.77% | 5.61% | 6.35% | 6.13% | 5.57% | 4.76% |
| Acquisitions | 9.44M | -410.41M | 0 | 0 | -32.24M | -10.23M | 0 |
| Investments | - | - | - | - | - | - | - |
| Other Investing | 27.12M | 0 | 0 | -55.03M | 0 | -49K | -560K |
| Cash from Financing | -350.88M | -132.11M | -27.29M | -323.03M | 17.88M | -58.44M | -4.42M |
| Debt Issued (Net) | 281.5M | 507.26M | -8M | -8M | -8M | -546.23M | -19.05M |
| Equity Issued (Net) | -616.59M | -590.82M | 39.25M | -328.45M | 0 | 1.01M | 719K |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | -269.17M | 0 |
| Share Repurchases | -628.46M | -600.57M | 0 | -328.45M | 0 | 0 | 0 |
| Other Financing | -15.79M | -48.55M | -58.55M | 13.43M | 25.88M | 755.95M | 13.91M |
| Net Change in Cash | -93.42M | -287.79M | 203.41M | -128.22M | 141.24M | 20.43M | 68.92M |
| Free Cash Flow | 358.43M | 254.51M | 230.87M | 195M | 151.96M | 88.97M | 73.28M |
| FCF Margin % | 32.98% | 24.08% | 24.44% | 22.51% | 19.42% | 12.93% | 11.57% |
| FCF Growth % | 52.56% | 10.24% | 18.4% | 28.33% | 70.8% | 21.41% | - |
| FCF per Share | 0.59 | 0.40 | 0.36 | 0.32 | 0.24 | 0.16 | 0.12 |
| FCF Conversion (FCF/Net Income) | 10.38x | 765.73x | 10.86x | -2.70x | 5.21x | -0.51x | -6.16x |
| Interest Paid | 17.26M | 0 | 62.9M | 61.37M | 36.64M | 54.98M | 71.65M |
| Taxes Paid | 26.18M | 0 | 50.74M | 42.95M | 55.7M | 15.23M | 917K |
High Stock-Based Compensation
According to quarterly financial disclosures, CCC's operating cash flow frequently decouples from net income, with the OCF/NI ratio exhibiting extreme volatility, such as the -48.08x multiple observed in 2025Q3, which highlights the significant impact of non-cash charges and stock-based compensation on reported GAAP earnings.
The persistent gap between net income and operating cash flow suggests that GAAP profitability is a poor proxy for the company's actual cash-generating capacity. Investors should monitor whether this divergence narrows as the business matures, or if it remains a permanent feature of a compensation structure heavily reliant on equity-based incentives.
As reported in recent financial statements, CCC's free cash flow margins have fluctuated wildly, ranging from a low of 10.5% in 2025Q2 to a peak of 75.9% in 2025Q4, indicating that cash generation is highly sensitive to timing differences in working capital and non-recurring operational expenditures.
While the company demonstrates an ability to generate positive free cash flow, the lack of a stable trajectory complicates valuation models that rely on predictable cash conversion. This inconsistency suggests that the underlying business model may be subject to lumpy contract renewals or irregular timing in the recognition of ecosystem-related cash inflows.
Based on reported figures, CCC has prioritized significant share repurchases, including a $388.1M outflow in 2025Q4, which appears to consume a substantial portion of the cash generated from operations and potentially limits the capital available for strategic acquisitions or further R&D investment in AI capabilities.
The decision to allocate capital toward buybacks while maintaining thin net margins warrants investigation into management's view on the company's intrinsic value versus growth opportunities. Investors should consider whether these repurchases are intended to offset the dilutive impact of stock-based compensation or if they signal a lack of high-return internal investment projects.
Data from recent SEC filings reveals that stock-based compensation consistently exceeds $30M per quarter, often dwarfing net income, which suggests that the company's reported profitability is significantly bolstered by accounting treatments that do not reflect the full economic cost of talent acquisition in the competitive AI sector.
The reliance on equity-based compensation appears to be a structural component of the firm's cost base, effectively shifting the burden of compensation from cash expenses to shareholder dilution. Analysts should adjust for these non-cash charges to determine if the core business can sustain its current growth trajectory without continuous equity issuance.
Quick answers to the most common questions about buying CCC stock.
CCC Intelligent Solutions Holdings Inc. (CCC) generated $315.5M in net cash from operating activities in 2025. This reflects the cash generated directly from core business operations.
CCC Intelligent Solutions Holdings Inc. (CCC) generated $254.5M in free cash flow in 2025. Free cash flow is the cash left over after capital expenditures, which can be used to pay dividends, repurchase shares, or pay down debt.
CCC Intelligent Solutions Holdings Inc. (CCC) spent $61.0M on capital expenditures in 2025. CapEx represents the cash invested in physical assets like property, plant, and equipment to maintain or grow the business.
In 2025, CCC Intelligent Solutions Holdings Inc. (CCC) spent $600.6M on share repurchases. This shows the company's commitment to returning capital to its equity investors.