EverQuote Issues Fourth-Quarter Revenue Outlook

The Tip Desk · November 10, 2026 · 2 min read

The insurer-growth platform guided fourth-quarter revenue to $213.0 million to $223.0 million after a 25% year-over-year increase to $218.1 million in the third quarter.

EverQuote, Inc. (EVER), a growth-solutions provider for property and casualty insurers, reported third-quarter revenue of $218.1 million, up 25% from $173.9 million a year earlier, matching the 25% year-over-year pace of the second quarter after a 15% increase in the first quarter.

The company said it exceeded its third-quarter guidance and delivered record results on all key metrics. Chief Executive Officer Jayme Mendal said carriers continue to maintain strong underwriting profitability and an appetite for growth.

Automotive insurance, the core vertical, generated $190.4 million, up 21% from a year earlier, slowing from 23% year-over-year growth in the second quarter. Home and renters revenue was $27.7 million, up 70%, accelerating from 35% growth in the prior quarter.

Variable Marketing Dollars were $62.6 million, up 25% from $50.1 million a year earlier, after a 25% increase to $56.9 million in the second quarter.

Adjusted EBITDA grew 41% to $35.5 million from $25.1 million, accelerating from 37% growth in the second quarter and 30% growth in the first quarter. Income from operations was $23.9 million.

GAAP net income was $18.2 million, or $0.49 a share on a diluted basis, compared with $18.9 million, or $0.50 a share, a year earlier. The company said the decline reflected higher income taxes and a one-time item. The one-time item was a $4.0 million charge after EverQuote terminated a multi-year advertising vendor contract with a $15.5 million remaining commitment.

Operating cash flow was $40.5 million, compared with $19.8 million a year earlier. Cash and cash equivalents were $229.1 million at September 30, with no outstanding debt.

The board approved a $50 million share repurchase program. In the second quarter the company had repurchased 578 thousand shares for about $9.1 million.

Chief Financial Officer Joseph Sanborn said the company is focused on accelerating product innovation and unlocking new possibilities. Mendal said EverQuote is uniquely positioned to help steward P&C insurance into the agentic AI era.

For the fourth quarter of 2026, EverQuote expects revenue of $213.0 million to $223.0 million, Variable Marketing Dollars of $57.0 million to $60.0 million, and Adjusted EBITDA of $29.0 million to $32.0 million. That revenue range sits above the third-quarter outlook of $198.0 million to $208.0 million issued in August.

The company said it is investing in AI initiatives while generating cash flow and returning capital to shareholders. Mendal said the team is executing to meet carrier demand as EverQuote builds on its foundation to accelerate new product innovation.