Business
EverQuote Announces Third Quarter 2025 Financial Results
Third Quarter Revenue Growth of 20% Year-Over-Year to $173.9 millionRecord Third Quarter Net Income up 63% Year-Over-Year to $18.9 millionRecord Adjusted
About this update from Everquote, Inc.
[{"type":"text","content":"Third Quarter Revenue Growth of 20% Year-Over-Year to $173.9 millionRecord Third Quarter Net Income up 63% Year-Over-Year to $18.9 millionRecord Adjusted EBITDA Increases 33% Year-Over-Year to $25.1 million CAMBRIDGE, Mass., Nov. 03, 2025 (GLOBE NEWSWIRE) -- EverQuote, Inc. (Nasdaq: EVER), a leading online insurance marketplace, today announced financial results for the third quarter ended September 30, 2025. “In the third quarter, we achieved record top and bottom line performance and we are making steady progress towards our vision of becoming the leading growth partner to P&C insurance providers,” said Jayme Mendal, CEO of EverQuote. “We are innovating new products, releasing features and further embedding AI into our marketplace to accelerate our transformation from a lead generation vendor to a multi-product, AI-powered profitable growth solutions provider for carriers and agents. As we introduce machine learning and AI more broadly across the business, we continue making great progress, highlighted by a number of records this quarter.” “We reported record financial performance across several metrics in the third quarter. We grew revenue 20% and Adjusted EBITDA 33%, year-over-year, by utilizing AI and other technology investments while delivering incremental operational leverage and efficiency,” said Joseph Sanborn, CFO of EverQuote. “During the quarter, EverQuote efficiently executed $21 million of our share buyback program without adversely impacting liquidity in our public float. This repurchase reiterates our confidence in EverQuote’s ability to generate long-term sustainable growth and free cash flow, while maintaining a strong balance sheet.” Third Quarter 2025 Highlights:(Unless otherwise noted, all comparisons are relative to the third quarter of 2024). Total revenue grew 20% to $173.9 million.Automotive insurance vertical revenue of $157.6 million, an increase of 21%.Home and renters insurance vertical revenue of $16.3 million, an increase of 15%.Variable Marketing Dollars grew to $50.1 million, compared to $43.9 million, an increase of 14%.GAAP net income increased 63% to $18.9 million, compared to a GAAP net income of $11.6 million.Adjusted EBITDA increased 33% to $25.1 million, compared to $18.8 million. Adjusted EBITDA margin expanded to 14.4%.Repurchased $21.0 million or 900,000 shares of Class A common stock,...