EverQuote Reports Strong Q3 2026 Growth Driven by Insurance Market Recovery

EverQuote (EVER) delivered robust third-quarter results for 2026, reporting revenue of $218.1 million, a 25% increase year-over-year. The growth was fueled by strong demand across insurance carriers and agents, particularly within the auto insurance vertical, which generated $190.4 million in revenue. Additionally, the home insurance segment saw significant expansion with 70% growth as the company scaled its diversification efforts. Financial performance was bolstered by operational efficiencies, including a 36% reduction in engineering cycle times through AI adoption. While GAAP net income saw a slight dip due to higher taxes and a one-time vendor termination fee, adjusted EBITDA grew by 41% to $35.5 million. The company maintains a strong liquidity position with $229.1 million in cash and zero outstanding debt, supporting its new $50 million share repurchase authorization.

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