| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 190.85 | 14.5% |
| Total Income | 190.85 | 14.5% |
| Expenditure | 167.44 | 5.5% |
| PBT | 24.36 | 181.0% |
| Net Profit | 18.67 | 133.7% |
| OPM | 12.27% | 7.47pp |
| NPM | 9.78% | 4.99pp |
| EPS | 0.52 | 136.4% |
EverQuote Reports Q1 2026 Revenue Up 15% to $190.9 Million
05 May 2026 · 5 May, 1:43 am
Summary
EverQuote, Inc. announced its financial results for the first quarter ended March 31, 2026, reporting a 15% increase in total revenue to $190.9 million. The company's net income increased to $18.7 million, and adjusted EBITDA grew by 30% to $29.3 million. EverQuote exceeded guidance across all metrics and provided a Q2 outlook reflecting 21% revenue growth at the midpoint. The company ended the quarter with $178.5 million in cash and cash equivalents and no outstanding debt.
Key Highlights
- 1
EverQuote's Q1 revenue grew by 15% year-over-year, reaching $190.9 million.
- 2
The company delivered a net income of $18.7 million for the first quarter.
- 3
Adjusted EBITDA reached a record $29.3 million, representing a 30% year-over-year increase.
- 4
Revenue from the automotive insurance vertical increased by 13% to $172.4 million.
- 5
Revenue from the home and renters insurance vertical grew by 33% to $18.5 million.
- 6
Operating cash flow increased to $29.6 million compared to $23.3 million in the prior year.
- 7
The company repurchased 1.1 million shares of its common stock for approximately $19.9 million during the quarter.
Management Comments
Jayme Mendal
“Our first quarter results demonstrate our strong performance and favorable sector demand as we execute our mission to empower P&C insurance providers to grow market share by maximizing customer acquisition across digital channels,” “As we look to the remainder of the year, we see significant opportunities to build on our AI heritage to bring new, incremental value to customers and expand our long-term growth opportunities.”
Joseph Sanborn
“We reported an impressive first quarter with strong revenue growth, record levels of Adjusted EBITDA and record operating cash flow. Our AI-powered solutions are enabling us to continue to drive greater value for carriers and agents while delivering operational leverage and efficiency,” “We remain committed to our previously-stated goal of achieving $1 billion in annual revenues in 2-3 years with ongoing strong cash flow generation and year-on-year Adjusted EBITDA growth. At the same time, we are investing in our AI and growth initiatives to propel the business long-term.”
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