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EVER

EverQuote, Inc.

EVER

EverQuote, Inc. • NASDAQ
$26.39 ▲ 0.42% (+0.11)
Market Cap $949.52 M
52w High $30.03
52w Low $16.63
Dividend Yield 0%
P/E 18.33
Volume 210.53K
Outstanding Shares 35.98M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $173.94M ▲ $151.688M ▲ $18.865M ▲ 10.846% ▲ $0.521 ▲ $19.331M ▲
Q2-2025 $156.629M ▼ $137.619M ▼ $14.701M ▲ 9.386% ▲ $0.4 ▲ $15.418M ▼
Q1-2025 $166.632M ▲ $153.255M ▲ $7.99M ▼ 4.795% ▼ $0.22 ▼ $17.118M ▲
Q4-2024 $147.455M ▲ $130.008M ▲ $12.306M ▲ 8.346% ▲ $0.35 ▲ $13.582M ▲
Q3-2024 $144.53M $127.414M $11.554M 7.994% $0.33 $13.284M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $145.766M ▼ $256.05M ▲ $81.119M ▲ $174.931M ▲
Q2-2025 $148.188M ▲ $241.419M ▲ $71.152M ▼ $170.267M ▲
Q1-2025 $124.968M ▲ $232.145M ▲ $82.645M ▲ $149.5M ▲
Q4-2024 $102.116M ▲ $210.53M ▲ $75.162M ▲ $135.368M ▲
Q3-2024 $82.841M $180.539M $62.837M $117.702M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $18.865M ▲ $19.768M ▼ $-1.302M ▲ $-20.883M ▼ $-2.422M ▼ $18.466M ▼
Q2-2025 $14.701M ▲ $25.297M ▲ $-1.461M ▼ $-613K ▼ $23.22M ▲ $26.43M ▲
Q1-2025 $7.99M ▼ $23.306M ▲ $-1.133M ▼ $669K ▲ $22.852M ▲ $22.173M ▲
Q4-2024 $12.306M ▲ $20.134M ▼ $-1.003M ▲ $155K ▲ $19.275M ▼ $19.131M ▼
Q3-2024 $11.554M $23.614M $-1.489M $-219K $21.922M $22.125M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Automotive
Automotive
 $240.00M ▲$150.00M ▼$140.00M ▼$160.00M ▲
Other
Other
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement EverQuote’s income statement shows a business that has gone from a stretch of losses to a clear return to profitability. Revenue dipped in the prior year but has rebounded strongly more recently, while the company has kept its costs under much tighter control. Gross profit remains high relative to revenue, which suggests the core marketplace model is efficient. The most notable shift is that operating income and net income have moved from repeated losses over several years to a meaningful profit in the latest period. This points to better discipline in marketing spend, improved pricing with carriers and agents, and benefits from earlier restructuring moves. The main risk is that this profitability is still relatively new, so investors would want to see whether these margins are sustainable through different cycles in insurance advertising demand.

Balance Sheet

Balance Sheet The balance sheet looks relatively clean and conservative. Total assets and cash have both grown noticeably in the latest year, giving the company a stronger financial cushion. Debt is essentially negligible, so EverQuote is not heavily exposed to interest costs or refinancing risk. Shareholders’ equity has been rebuilding after earlier losses, reflecting the recent return to profitability and retained earnings. Overall, this is the kind of balance sheet that suggests flexibility: the company can keep investing in its platform and weather softer periods in insurance marketing without immediately needing outside financing. The flip side is that the asset base is lean, so most of the value sits in intangible items like data, algorithms, and relationships rather than hard assets.

Cash Flow

Cash Flow Cash flow has shifted from “just getting by” to distinctly healthier. Operating cash flow was flat to slightly negative in some prior years but has turned clearly positive most recently, in line with the move back to profitability. Free cash flow follows the same pattern, helped by very low capital spending thanks to an asset-light, software-driven model. That means most of the cash generated can be used for strengthening the balance sheet or future growth initiatives instead of heavy reinvestment in physical assets. The main watchpoint is that cash generation is still tied to advertising budgets and carrier appetite for leads, so it could be sensitive to broader insurance and economic cycles.

Competitive Edge

Competitive Edge EverQuote operates as a specialized online marketplace connecting consumers with insurance carriers and agents, with a clear focus on using data and AI to improve matching quality. Its edge comes from two main areas: proprietary algorithms that refine which consumers see which offers, and a broad network of carriers and agents that makes the platform more useful for both sides. The more traffic and policies it facilitates, the more data it collects, which in turn improves its models and campaign performance—a classic network and data flywheel. Exiting health insurance narrowed its product set but allowed more focus on auto, home, renters, and life, where it aims to be a key performance marketing partner. Competitive risks include other lead-generation and comparison platforms, direct carrier digital marketing, and sensitivity to changes in how carriers value and pay for leads.

Innovation and R&D

Innovation and R&D Innovation is a central part of EverQuote’s story. The company has modernized its data stack onto a scalable cloud platform and leans heavily on artificial intelligence and machine learning to personalize recommendations, score lead quality, and optimize marketing campaigns in real time. Tools like “Smart Campaigns” for carriers and EverQuote Pro for agents are designed to continuously tune bids, targeting, and placements to improve return on marketing spend. This positions EverQuote less as a simple lead broker and more as an AI-driven growth partner for property and casualty insurers. Future innovation seems aimed at deeper integrations with carriers, richer predictive analytics around life events and insurance needs, and more automation for agents. The opportunity is to increase switching costs and embed itself more deeply in the insurance distribution ecosystem, though there is ongoing execution risk and potential sensitivity to data privacy and regulatory changes.

Summary

Overall, EverQuote looks like an asset-light, data-driven marketplace that has recently turned the corner from years of modest losses to solid profitability and positive cash flow. Its balance sheet strength, minimal debt, and growing cash position give it room to invest and adapt. The company’s competitive position rests on its AI capabilities, scaled insurance network, and ability to deliver measurable results to carriers and agents, especially in its core auto and home-related lines. Key opportunities lie in deepening AI-powered solutions and strengthening its role as a performance marketing partner, while main risks include intense competition, dependence on insurer marketing budgets, and the need to prove that the recent improvement in earnings and cash generation is durable over time.

NEWS

November 5, 2025 · 4:05 PM UTC

EverQuote to Present at Upcoming Investor Conferences

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November 3, 2025 · 4:05 PM UTC

EverQuote Announces Third Quarter 2025 Financial Results

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October 13, 2025 · 4:10 PM UTC

EverQuote to Announce Third Quarter 2025 Financial Results on November 3, 2025

Read more