| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 173.94 | 11.1% | 20.4% |
| Total Income | 173.94 | 11.1% | 20.4% |
| Expenditure | 156.40 | 9.8% | 17.7% |
| PBT | 18.52 | 23.0% | 50.9% |
| Net Profit | 18.87 | 28.4% | 63.4% |
| OPM | 10.08% | 1.04pp | 2.01pp |
| NPM | 10.85% | 1.46pp | 2.85pp |
| EPS | 0.52 | 30.0% | 57.6% |
EverQuote Announces Q3 2025 Financial Results: Revenue Up 20% YoY
04 May 2026 · 4 May, 8:20 am
Summary
EverQuote, Inc. announced its financial results for the third quarter ended September 30, 2025. The company achieved record top and bottom-line performance, with total revenue growing 20% year-over-year to $173.9 million. GAAP net income increased 63% to $18.9 million, and adjusted EBITDA rose 33% to $25.1 million. The company also executed $21 million of its share buyback program during the quarter, reflecting confidence in its ability to generate long-term sustainable growth.
Key Highlights
- 1
EverQuote's total revenue grew by 20% year-over-year to $173.9 million in the third quarter of 2025.
- 2
Automotive insurance vertical revenue increased by 21% to $157.6 million in Q3 2025.
- 3
Home and renters insurance vertical revenue grew by 15% to $16.3 million in the third quarter.
- 4
GAAP net income increased by 63% to $18.9 million compared to the prior year.
- 5
Adjusted EBITDA increased by 33% to $25.1 million, with the adjusted EBITDA margin expanding to 14.4%.
- 6
The company repurchased $21.0 million of Class A common stock during the quarter.
- 7
EverQuote ended the quarter with $145.8 million in cash and cash equivalents.
Management Comments
Jayme Mendal
In the third quarter, we achieved record top and bottom line performance and we are making steady progress towards our vision of becoming the leading growth partner to P&C insurance providers. We are innovating new products, releasing features and further embedding AI into our marketplace to accelerate our transformation from a lead generation vendor to a multi-product, AI-powered profitable growth solutions provider for carriers and agents. As we introduce machine learning and AI more broadly across the business, we continue making great progress, highlighted by a number of records this quarter.
Joseph Sanborn
We reported record financial performance across several metrics in the third quarter. We grew revenue 20% and Adjusted EBITDA 33%, year-over-year, by utilizing AI and other technology investments while delivering incremental operational leverage and efficiency. During the quarter, EverQuote efficiently executed $21 million of our share buyback program without adversely impacting liquidity in our public float. This repurchase reiterates our confidence in EverQuote’s ability to generate long-term sustainable growth and free cash flow, while maintaining a strong balance sheet.
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