Quarterly ResultMay 4, 2026, 04:13 PM
EverQuote Q1 Revenue $190.9M, Net Income $18.7M; Exceeds Guidance
AI Summary
EverQuote, Inc. reported strong financial results for the first quarter ended March 31, 2026, exceeding guidance across all metrics. The company achieved a 15% year-over-year revenue growth to $190.9 million and a significant increase in GAAP net income to $18.7 million. Adjusted EBITDA grew 30% to a record $29.3 million, alongside record operating cash flow of $29.6 million. EverQuote also repurchased 1.1 million shares for approximately $19.9 million and provided an optimistic Q2 2026 outlook.
Key Highlights
- Total revenue grew 15% year-over-year to $190.9 million, exceeding guidance.
- GAAP net income increased to $18.7 million, up from $8.0 million in Q1 2025.
- Adjusted EBITDA reached a record $29.3 million, marking a 30% year-over-year increase.
- Operating cash flow increased to a record $29.6 million.
- Repurchased 1.1 million shares of common stock for approximately $19.9 million.
- Automotive insurance revenue grew 13% to $172.4 million.
- Home and renters insurance revenue grew 33% to $18.5 million.
- Q2 2026 revenue outlook is $185.0-$195.0 million, representing 21% YoY growth at midpoint.
Price Impact
More from EVER