Alexei Gogolev
JPMorgan Chase & Co, Research Division

Great. Hello, everyone, and welcome to JPMorgan Boston TMC Conference. My name is Alexei Gogolev, Head of Vertical SaaS here at JPMorgan Research. And today, I'm delighted to be hosting CCC management. We've got Githesh Ramamurthy. Githesh has been CEO of the company for many, many years, decades even. And then we also have Katie Coleman. She's VP of Finance at CCC. Welcome to both of you. Thank you for joining us.

Katie Coleman

Thank you.

Alexei Gogolev
JPMorgan Chase & Co, Research Division

Githesh, if I may start with some framing of the story. Coming out of 2025, you've crossed $1 billion revenue. AI is now at 10% of revenue. You've got EvolutionIQ on board. What materially is now different about CCC's strategic posture going into 2026 compared to last year? And what changed that investors might not fully appreciate?

Githesh Ramamurthy
Chairman & CEO

Sure. First of all, Alexei, thank you for having us here. I would say, as we roll through 2025, you saw that when we reported fourth quarter of 2025 is since we went public, we've been investing very heavily on our AI solutions. As you know, we've been doing AI for about 10 years. And what happened as we roll from '25 into '26 is that the fundamental change has been that AI -- all our AI products moved from evaluations, testing to really much more of a production where it's really starting to scale customer adoption.

We have