0001193125-26-324886
SEC filingCCC二季度营收增长9.8%，AI解决方案需求强劲，上调全年指引。
| 指标 | 本期 | 去年同期 | 同比 |
|---|---|---|---|
| Revenue | $285.9M | $260.5M | +9.8% |
| Gross Margin (GAAP) | 74% | 74% | 持平 |
| Adjusted Gross Profit Margin | 76% | 78% | -2pct |
| Operating Income (GAAP) | $47.6M | $24.5M | +94.5% |
| Adjusted Operating Income | $101.6M | $94.2M | +7.8% |
| Net Income (GAAP) | $20.8M | $13.0M | +60.0% |
| Adjusted Net Income | $61.3M | $58.9M | +4.1% |
| Diluted EPS (GAAP) | $0.04 | $0.02 | +100% |
| Adjusted Diluted EPS | $0.10 | $0.09 | +11.1% |
| Adjusted EBITDA | $115.5M | $108.1M | +6.8% |
| Adjusted EBITDA Margin | 40% | 42% | -2pct |
| Operating Cash Flow | $101.6M | $43.1M | +135.7% |
| Free Cash Flow | $82.4M | $27.4M | +200.7% |
| 期间 | 指标 | 指引 | 口径 |
|---|---|---|---|
| Q3 2026 | Revenue | $289.5M - $291.5M | N/A |
| Q3 2026 | Adjusted EBITDA | $118.0M - $120.0M | Non-GAAP |
| FY2026 | Revenue | $1.158B - $1.164B | N/A |
| FY2026 | Adjusted EBITDA | $485.0M - $491.0M | Non-GAAP |
简评
CCC二季度营收$285.9M，同比+9.8%，GAAP净利润$20.8M同比大增60%，主要受益于经营杠杆释放——GAAP经营利润从$24.5M翻倍至$47.6M，研发费用同比下降11.6%（$53.0M vs $59.9M），销售费用基本持平。调整后EBITDA利润率40%同比降2pct，主因调整后毛利率从78%降至76%，反映成本结构变化。经营现金流$101.6M同比+135.7%，自由现金流$82.4M同比+200.7%，现金流质量显著改善。
业务端AI商业化加速：两家前五险企扩大AI理赔路由采用，一家前五险企采用AI代位追偿方案（迄今最大客户），大型MSO续约并扩展，Mobile Jumpstart平台98%估算单使用率。管理层强调"customers deploy AI operationally and at scale"，AI工作流正从试点走向规模化部署。指引方面，Q3营收$289.5M-$291.5M（隐含环比+1.3%-1.9%），全年营收上调至$1.158B-$1.164B，调整后EBITDA $485M-$491M，显示管理层对下半年增长信心。资产负债表稳健，现金$115.9M，总债务$1.27B，上半年回购$100.2M股票，资本配置兼顾增长与股东回报。