Quarterly ResultMay 5, 2026, 04:11 PM
EverQuote Q1 Net Income +133.7% to $18.7M; EPS $0.52; $19.9M Buyback
AI Summary
EverQuote reported strong first-quarter results for 2026, with net income increasing by 133.7% to $18.7 million and diluted EPS rising to $0.51. Revenue grew 14.5% to $190.9 million, driven by significant growth in both automotive and home and renters insurance verticals. The company also repurchased $19.9 million of Class A common stock during the quarter, with $9.1 million remaining under the current authorization. Operating income saw a substantial increase of 192.8% to $23.4 million.
Key Highlights
- Net income increased 133.7% to $18.7 million for Q1 2026.
- Diluted EPS rose 142.9% to $0.51 for Q1 2026.
- Revenue grew 14.5% to $190.9 million for Q1 2026.
- Automotive revenue increased 12.9% to $172.4 million.
- Home and renters revenue increased 32.8% to $18.5 million.
- Repurchased $19.9 million of Class A common stock in Q1 2026.
- Net cash from operating activities increased 27.0% to $29.6 million.
- Cash and cash equivalents reached $178.5 million as of March 31, 2026.