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Gotrade News - EverQuote, Inc. (EVER) reported third-quarter 2026 revenue of $218.1 million on Monday, November 2, 2026, up 25% from $173.9 million a year earlier, according to EverQuote's official release. GAAP net income was $18.2 million, compared to $18.9 million, and diluted earnings per share were $0.49, compared to $0.50.
Regular-session close on November 2, 2026, New York time. Prices and changes: Yahoo Finance, cross-checked against the closing price on Nasdaq.com.
EverQuote Earnings Details
For the third quarter ended September 30, 2026, revenue from EverQuote's automotive insurance vertical was $190.4 million and revenue from its home and renters insurance vertical was $27.7 million, growth of 21% and 70%, respectively, the company said. Variable Marketing Dollars were $62.6 million, compared to $50.1 million in the third quarter of 2025.
The company said GAAP net income of $18.2 million, compared to $18.9 million, reflects higher income taxes and the impact of a one-time item in the quarter. Adjusted EBITDA, a non-GAAP measure, grew 41% to $35.5 million, compared to $25.1 million, and operating cash flow was $40.5 million, compared to $19.8 million. EverQuote ended the quarter with $229.1 million in cash and cash equivalents and no outstanding debt.
For the fourth quarter of 2026, the company gave an outlook of 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.
Why It Matters for EVER
According to the release, the third-quarter results exceeded the company's Q3 guidance and set records on all of its key metrics. “We are generating record results across our key financial metrics as we successfully grow and deepen our relationships with our carrier and agent customers,” Chief Executive Officer Jayme Mendal said, adding that carriers “continue to maintain strong underwriting profitability and an appetite for growth.”
Chief Financial Officer Joseph Sanborn said the company's continued growth and execution are enabling it to invest in AI initiatives while also generating cash flow and returning capital to shareholders. EverQuote also said its Board of Directors recently approved a $50 million share repurchase program.
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This article was written with the help of AI and checked by the Gotrade team before publishing.
Gotrade is the trading name of Gotrade Securities Inc., which is registered with and supervised by the Labuan Financial Services Authority (LFSA). This content is for educational purposes only and does not constitute financial advice. Always do your own research (DYOR) before investing.
M. Alfathan Rahman is a content writer with over 3 years of experience developing digital content strategies across various industries, including fintech. He has experience producing content for tax-related websites and financial education platforms. His focus areas include data research, and crafting financial articles that are informative, accurate, and accessible to investors of all experience levels.
