EVER · EverQuote, Inc.

EverQuote's Q1 2026 results reflect strong execution and favorable sector demand. Revenue grew 15% year-over-year to $190.9 million, driven by 13% growth in the automotive vertical ($172.4 million) and 33% growth in home and renters ($18.5 million). The company's AI-powered solutions are enabling carriers and agents to acquire customers more efficiently, leading to a 19% increase in Variable Marketing Dollars to $55.9 million. Net income more than doubled to $18.7 million from $8.0 million, with GAAP diluted EPS of $0.51. Adjusted EBITDA reached a record $29.3 million, up 30% year-over-year, with margin expanding 190 basis points to 15.4%. Operating cash flow also hit a record $29.6 million, up from $23.3 million. Management highlighted the company's AI heritage and opportunities to bring incremental value to customers. CEO Jayme Mendal stated, 'Our first quarter results demonstrate our strong performance and favorable sector demand.' CFO Joseph Sanborn reiterated the goal of achieving $1 billion in annual revenues in 2-3 years with strong cash flow and Adjusted EBITDA growth. For Q2 2026, EverQuote guided revenue of $185-195 million (21% growth at midpoint), Variable Marketing Dollars of $55-57 million, and Adjusted EBITDA of $28-30 million (32% growth at midpoint). The company ended the quarter with $178.5 million in cash and no debt, and repurchased 1.1 million shares for $19.9 million. The strong results and upbeat guidance underscore EverQuote's position as a market leader in the P&C insurance growth solutions space.