10-Q · August 4, 2026
EverQuote delivered strong Q2 operating results, with revenue up 24.6% year over year to $195.086 million, gross margin at 97.8%, and operating margin improving to 12.0%. Both automotive and home-and-renters verticals…
Earnings analysis · 10-Q
EVER earnings analysis
Filed November 3, 2026 · Our reading of the company's report
The latest report
EverQuote delivered strong Q3 revenue growth, with revenue of $218.077 million, Adjusted EBITDA of $35.5 million, and operating cash flow of $40.5 million. However, diluted EPS of $0.49 missed the $0.62 consensus…
Read full summary
EverQuote delivered strong Q3 revenue growth, with revenue of $218.077 million, Adjusted EBITDA of $35.5 million, and operating cash flow of $40.5 million. However, diluted EPS of $0.49 missed the $0.62 consensus estimate, producing a mixed profitability outcome. Q4 revenue guidance of $213.0 million to $223.0 million and Adjusted EBITDA guidance of $29.0 million to $32.0 million support a constructive outlook, while planned AI investment may pressure 2027 Adjusted EBITDA.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.49
What stood out
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Revenue growth exceeded expectations
Q3 revenue was $218.077 million, up approximately 25% from $174 million in Q3 2025 and above the $203.296 million consensus estimate by $14.781 million.
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Adjusted EBITDA expanded materially
Adjusted EBITDA increased 41.4% to $35.5 million, indicating substantial year-over-year operating leverage despite the diluted EPS shortfall.
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Cash generation improved
Operating cash flow more than doubled to $40.5 million, strengthening liquidity and internal funding capacity.
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Positive Q4 outlook
Q4 2026 revenue guidance is $213.0 million to $223.0 million, with Adjusted EBITDA guidance of $29.0 million to $32.0 million.
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No revolver borrowings
The company had no outstanding borrowings under its revolving credit line as of September 30, 2026, limiting near-term interest-rate exposure.
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Controls remained effective
Management stated that disclosure controls were effective at the reasonable-assurance level as of September 30, 2026, and reported no material changes in internal control during the quarter.
What to watch
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EPS missed consensus
Diluted EPS was $0.49 versus the $0.62 consensus estimate, a shortfall of $0.13 or approximately 21.0%, despite the $218.077 million revenue result.
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Higher AI investment may pressure margins
The company expects increased investment in AI in 2027; the filing states that this investment could affect 2027 Adjusted EBITDA and prompted amendments to executive performance awards.
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Insider sale arrangements
Three insiders adopted Rule 10b5-1 sale arrangements covering up to 279,507 shares in aggregate: 13,975 shares for the chief accounting officer, 95,032 shares for the CFO, and 170,500 shares for a board member.
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Unhedged currency exposure
The company has foreign-currency exposure from vendors and subsidiaries, does not hedge that exposure, and stated that it is immaterial; the filing also notes no borrowings under the floating-rate revolver as of September 30, 2026.
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No formal risk-factor update
Management reported no material change from the risk factors in the December 31, 2025 Form 10-K, so no new formal risk-factor additions were identified in this 10-Q.
Management's outlook
The company provided Q4 2026 revenue guidance of $213.0 million to $223.0 million, Variable Marketing Dollars guidance of $57.0 million to $60.0 million, and Adjusted EBITDA guidance of $29.0 million to $32.0 million. No comparable prior outlook or EPS guidance was provided.
Earlier filings 4
10-Q · May 5, 2026
EverQuote (EVER) reported Q1 2026 earnings with total revenue of $190.9 million, surpassing estimates by 6% and reflecting a year-over-year growth of 14.5%. However, EPS of $0.51 fell short of consensus expectations by…
10-K · February 24, 2026
EverQuote describes itself as a results-driven online marketplace connecting high-intent insurance shoppers with carriers and agents, powered by proprietary data and machine learning. The company delivered strong…
10-Q · November 4, 2025
EverQuote reported Q3 revenue of $173.94M (up from $144.53M a year ago) and GAAP diluted EPS of $0.50 (vs. $0.31 a year ago), driven by higher referral volumes in the automotive vertical and continued margin leverage.…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.