EverQuote(NASDAQ) EVER

EverQuote, Inc. helps people find and compare insurance policies online. It makes insurance shopping faster by connecting users with insurance providers. The service is free for consumers looking for better coverage options.

Where Referrals Meet Results

• Automotive Insurance: Online marketplace for car insurance referrals; accounted for 89% of revenue in the six months ended June 30, 2026.
• Home and Renters: Services for home and rental property insurance; provides referrals for individuals seeking coverage for dwellings.
• Referral Channels: Technical handoffs including online clicks, data transfers, or phone calls between shoppers and insurance providers.

Expansion and Share Buybacks

• Entered a $60.0 million senior secured revolving credit facility on Aug. 1, 2025.
• Authorized a $50.0 million share repurchase program on July 22, 2025.
• Completed the $50.0 million share repurchase program by June 30, 2026.
• Focused strategic efforts on property and casualty insurance by reducing investment in other verticals in 2026.

Matchmaking Through Data and AI

The company matches consumers with carriers (insurance providers) using a proprietary data platform and an artificial intelligence traffic engine. This system helps property and casualty insurance providers target high-intent shoppers for car and home coverage. Management tracks variable marketing dollars, which is revenue minus advertising costs, to measure marketing efficiency.

Performance by the Numbers

• Total revenue hit $385.9 million in the six months ended June 30, 2026, up 19.4% year over year.
• Net income reached $37.9 million during the six-month period ended June 30, 2026.
• Non-GAAP Adjusted EBITDA was $59.4 million for the six months ended June 30, 2026, up from $44.5 million in 2025.
• Variable marketing dollars hit $112.8 million in the six months ended June 30, 2026, up 22.1% year over year.

A Shift Toward Property and Casualty

EverQuote has evolved into a specialized growth partner for property and casualty insurance carriers. Management uses non-GAAP Adjusted EBITDA (a metric that removes non-cash costs) to evaluate progress.