Quarterly ResultMay 4, 2026, 04:08 PM
EverQuote Q1 Revenue +15% to $190.9M; Adjusted EBITDA +30%
AI Summary
EverQuote, Inc. announced strong financial results for the first quarter ended March 31, 2026, exceeding guidance across all metrics. The company reported a 15% year-over-year increase in total revenue to $190.9 million and a record Adjusted EBITDA of $29.3 million, up 30%. Net income significantly grew to $18.7 million, and operating cash flow reached $29.6 million. EverQuote also provided a positive Q2 outlook, projecting 21% revenue growth at the midpoint, and repurchased $19.9 million in common stock.
Key Highlights
- Total revenue grew 15% year-over-year to $190.9 million, exceeding guidance.
- Net income increased to $18.7 million, up 133.7% from $8.0 million in Q1 2025.
- Adjusted EBITDA rose 30% year-over-year to a record $29.3 million.
- Operating cash flow increased to $29.6 million, compared to $23.3 million in Q1 2025.
- Repurchased 1.1 million shares of common stock for approximately $19.9 million.
- Automotive insurance vertical revenue was $172.4 million, growing 13%.
- Home and renters insurance vertical revenue was $18.5 million, growing 33%.
- Q2 2026 revenue outlook is $185.0-$195.0 million, representing 21% growth at midpoint.