v3.26.1
Net Income (Loss) Per Share
6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share
23.
NET INCOME (LOSS) PER SHARE

The Company calculates basic earnings per share by dividing the net income (loss) attributable to common stockholders by the weighted average number of shares of common stock outstanding for the period. The diluted earnings per share is computed by assuming the exercise, settlement and vesting of all potential dilutive common stock equivalents outstanding for the period using the treasury stock method. The Company excludes common stock equivalent shares from the calculation if their effect is anti-dilutive. In a period where the Company is in a net loss position, the diluted loss per share is calculated using the basic share count.

The following table sets forth a reconciliation of the numerator and denominator used to compute basic and diluted earnings per share of common stock (in thousands, except for share and per share data).

 

 

For the Three Months Ended

 

 

For the Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Numerator

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

20,787

 

 

$

12,960

 

 

$

36,204

 

 

$

(4,461

)

Accretion of redeemable non-controlling interest

 

 

 

 

 

 

 

 

 

 

 

(1,276

)

Net income (loss) attributable to common stockholders

 

$

20,787

 

 

$

12,960

 

 

$

36,204

 

 

$

(5,737

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares of common stock—basic and diluted

 

 

573,413,846

 

 

 

637,578,033

 

 

 

580,442,460

 

 

 

637,207,185

 

Dilutive effect of stock-based awards

 

 

11,507,110

 

 

 

23,044,670

 

 

 

15,897,750

 

 

 

 

Weighted average shares of common stock—diluted

 

 

584,920,956

 

 

 

660,622,703

 

 

 

596,340,210

 

 

 

637,207,185

 

Net income (loss) per share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.04

 

 

$

0.02

 

 

$

0.06

 

 

$

(0.01

)

Diluted

 

$

0.04

 

 

$

0.02

 

 

$

0.06

 

 

$

(0.01

)

22,852,103 and 11,524,628 common stock equivalent shares were excluded from the computation of diluted per share amounts for the three months ended June 30, 2026 and 2025, respectively, because their effect was anti-dilutive.

19,747,351 and 28,922,996 common stock equivalent shares were excluded from the computation of diluted per share amounts for the six months ended June 30, 2026 and 2025, respectively, because their effect was anti-dilutive.

With respect to the July 30, 2021 business combination involving Dragoneer Growth Opportunities Corp. and Cypress Holdings Inc., pursuant to which Dragoneer changed its name to CCC Intelligent Solutions Holdings Inc. (the “2021 Business Combination”), see “Note 19. Capital Stock” of our Annual Report on Form 10-K for the year ended December 31, 2025. As part of the 2021 Business Combination, 8,625,000 shares issued and held by Dragoneer (the “Sponsor Vesting Shares”) became non-transferable and subject to forfeiture on the tenth anniversary of the closing of the 2021 Business Combination if neither of the defined triggering events has occurred. The Sponsor Vesting Shares are issued and outstanding during the three and six months ended June 30, 2026 and 2025 and excluded from the weighted average number of shares of common stock outstanding until the vesting requirement is met and the restriction is removed.