$CCSI

Consensus Cloud Solutions, Inc.

CIK:0001866633|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands

3 Months Ended

6 Months Ended

Jun. 30, 2026

Jun. 30, 2025

Jun. 30, 2026

Jun. 30, 2025

Income Statement [Abstract]

Revenues

$ 91,361

$ 87,721

$ 179,828

$ 174,859

Cost of revenues

^[1]

18,291

17,624

35,191

35,694

Gross profit

73,070

70,097

144,637

139,165

Operating expenses:

Sales and marketing

^[1]

13,503

12,452

27,319

25,240

Research, development and engineering

^[1]

2,375

1,744

4,291

3,456

General and administrative

^[1]

20,362

16,852

38,455

33,923

Total operating expenses

36,240

31,048

70,065

62,619

Income from operations

36,830

39,049

74,572

76,546

Interest expense

(7,932)

(8,673)

(15,695)

(17,649)

Interest income

765

484

1,426

935

Other income (expense), net

6,029

(2,316)

7,445

(3,413)

Income before income taxes

35,692

28,544

67,748

56,419

Income tax expense

8,318

7,763

15,689

14,486

Net income

$ 27,374

$ 20,781

$ 52,059

$ 41,933

Net income per common share:

Basic (in dollars per share)

$ 1.49

$ 1.07

$ 2.81

$ 2.15

Diluted (in dollars per share)

$ 1.43

$ 1.07

$ 2.72

$ 2.14

Weighted average shares outstanding:

Basic (in shares)

18,367,765

19,437,315

18,535,476

19,483,689

Diluted (in shares)

19,183,187

19,497,090

19,111,275

19,593,699

[1]


(1) Includes share-based compensation expense as follows:
Cost of revenues	$	621	$	511	$	1,063	$	987
Sales and marketing	994		702		1,745		1,416
Research, development and engineering	318		107		456		212
General and administrative	3,827		2,887		6,760		5,856

Total	$	5,760	$	4,207	$	10,024	$	8,471

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net income	$ 52,059,000	$ 41,933,000
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	10,694,000	9,749,000
Amortization of financing costs and discounts	767,000	828,000
Non-cash operating lease costs	748,000	793,000
Share-based compensation	10,024,000	8,471,000
Provision for doubtful accounts	3,186,000	2,275,000
Deferred income taxes, net	2,139,000	556,000
Unrealized gain on investments	(5,300,000)	0
Loss on extinguishment of debt	0	123,000
Decrease (increase) in:
Accounts receivable	(5,745,000)	(2,019,000)
Prepaid expenses and other current assets	9,195,000	6,420,000
Other assets	(2,069,000)	158,000
Increase (decrease) in:
Accounts payable and accrued expenses	921,000	(5,703,000)
Income taxes payable	2,965,000	5,512,000
Deferred revenue	6,000	316,000
Operating lease liabilities	(1,297,000)	(986,000)
Liability for uncertain tax positions	796,000	832,000
Other liabilities	5,000	(16,000)
Net cash provided by operating activities	79,094,000	69,242,000
Cash flows from investing activities:
Purchases of property and equipment	(15,183,000)	(15,150,000)
Acquisition of businesses, net of cash received	(2,355,000)	0
Purchase of investments	(1,500,000)	(5,000,000)
Net cash used in investing activities	(19,038,000)	(20,150,000)
Cash flows from financing activities:
Repayment of term loan	(3,750,000)	0
Proceeds from the issuance of common stock under employee stock purchase plan	707,000	694,000
Repurchase of common stock	(26,792,000)	(12,344,000)
Taxes paid related to net share settlement	(4,425,000)	(1,174,000)
Repurchase of debt	0	(15,764,000)
Net cash used in financing activities	(34,260,000)	(28,588,000)
Effect of exchange rate changes on cash and cash equivalents	(1,580,000)	3,845,000
Net change in cash and cash equivalents	24,216,000	24,349,000
Cash and cash equivalents at beginning of period	74,685,000	33,545,000
Cash and cash equivalents at end of period	98,901,000	57,894,000
Supplemental Disclosures of Non-Cash Investing Activities:
Fair value of contingent consideration and deferred payments related to acquisitions	1,907,000	0
Non-cash conversion and exchange of private company investments	$ 8,998,000	$ 0

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
ASSETS
Cash and cash equivalents	$ 98,901	$ 74,685
Accounts receivable, net of allowances of $2,924 and $3,105, respectively	25,621	23,686
Prepaid expenses and other current assets	9,599	18,788
Total current assets	134,121	117,159
Property and equipment, net	123,844	116,869
Operating lease right-of-use assets	3,960	5,098
Intangibles, net	40,213	38,761
Goodwill	352,924	352,939
Deferred income taxes	20,758	21,666
Other assets	21,070	11,323
TOTAL ASSETS	696,890	663,815
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable and accrued expenses	37,558	36,045
Income taxes payable, current	3,027	97
Deferred revenue, current	20,501	19,773
Operating lease liabilities, current	2,441	2,576
Current portion of long-term debt	7,046	7,047
Total current liabilities	70,573	65,538
Long-term debt, net of current portion	548,248	551,322
Deferred revenue, noncurrent	1,402	1,567
Operating lease liabilities, noncurrent	8,201	9,754
Liability for uncertain tax positions	15,279	14,484
Deferred income taxes	8,892	7,176
Other long-term liabilities	2,729	201
TOTAL LIABILITIES	655,324	650,042
Commitments and contingencies (Note 9)
Common stock, $0.01 par value. Authorized 120,000,000; total issued is 21,345,097 and 21,057,258 shares and total outstanding is 18,344,922 and 18,958,448 shares as of June 30, 2026 and December 31, 2025, respectively	213	211
Treasury stock, at cost (3,000,175 and 2,098,810 shares as of June 30, 2026 and December 31, 2025, respectively)	(82,308)	(55,476)
Additional paid-in capital	84,323	76,984
Retained earnings	52,908	849
Accumulated other comprehensive loss	(13,570)	(8,795)
TOTAL STOCKHOLDERS’ EQUITY	41,566	13,773
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 696,890	$ 663,815