EverQuote Inc
NASDAQ:EVER
EverQuote Inc
EverQuote, Inc. operates as an online insurance marketplace connecting consumers with insurance providers. The company is headquartered in Cambridge, Massachusetts and currently employs 671 full-time employees. The company went IPO on 2018-06-28. The firm's data and technology platform, matches and connects consumers seeking to purchase insurance with options from its network of insurance providers, including its own direct to consumer (DTC) agents. Its technology platform combines internally developed, third-party and open-source software. Its websites, mobile applications and supporting services, as well as its development and test environments, are hosted across various cloud providers. The company uses content delivery network solutions for local access to its products. Its insurance provider customers include insurance carriers and third-party agents that writes auto, home and renters, life, and/or health insurance policies for consumers either directly and/or through agents as well as on behalf of one or more carriers.
EverQuote, Inc. operates as an online insurance marketplace connecting consumers with insurance providers. The company is headquartered in Cambridge, Massachusetts and currently employs 671 full-time employees. The company went IPO on 2018-06-28. The firm's data and technology platform, matches and connects consumers seeking to purchase insurance with options from its network of insurance providers, including its own direct to consumer (DTC) agents. Its technology platform combines internally developed, third-party and open-source software. Its websites, mobile applications and supporting services, as well as its development and test environments, are hosted across various cloud providers. The company uses content delivery network solutions for local access to its products. Its insurance provider customers include insurance carriers and third-party agents that writes auto, home and renters, life, and/or health insurance policies for consumers either directly and/or through agents as well as on behalf of one or more carriers.
Record Year: EverQuote delivered record financial results in 2025, with revenue up 38% and adjusted EBITDA up 62%, both surpassing expectations.
Q4 Outperformance: Fourth quarter revenue grew 32% year-over-year to $195.3 million, exceeding guidance and breaking seasonal patterns with sequential growth.
AI-Driven Efficiency: The company credited expanded use of AI for increasing operating leverage and efficiency, more than doubling revenue since 2023 with nearly flat operating expenses.
Strong Cash & Buybacks: Ended 2025 with $171.4 million in cash, no debt, and $30 million spent on share repurchases so far.
Favorable Market: Management described a healthy and growth-oriented P&C insurance environment for 2026, as carriers shift from rate restoration to profitable growth.
2026 Guidance: Q1 2026 revenue is expected between $175 million and $185 million, with adjusted EBITDA of $23.5 million to $26.5 million.
Long-Term Target: Reiterated goal to reach $1 billion in revenue within 2–3 years, implying annual growth rates of 13–21%.
