CCC Intelligent Solutions Holdings Inc. saw its stock surge 9.77% in pre-market trading following the release of its first-quarter 2026 financial results, which significantly exceeded analyst expectations across key metrics.

The company reported a net income of $15.4 million, swinging from a net loss in the year-earlier period, with revenue climbing 12% to $281.3 million. Adjusted EBITDA rose 21% to $120.2 million, driving the adjusted EBITDA margin up approximately 3 percentage points to 43%. The results beat IBES estimates for adjusted operating income, revenue, and adjusted EBITDA.

Business highlights included a multi-year enterprise agreement with a top-five insurer to expand adoption of CCC's Auto Physical Damage platform and AI solutions, plus a separate multi-year deal with another top-five insurer to move a significant portion of its Casualty operations onto CCC's platform. The company also provided strong guidance for the second quarter and full year 2026.