Online insurance comparison site EverQuote (NASDAQ: EVER) reported Q1 CY2026 results exceeding the market’s revenue expectations, with sales up 14.5% year on year to $190.9 million. On top of that, next quarter’s revenue guidance ($190 million at the midpoint) was surprisingly good and 5% above what analysts were expecting. Its GAAP profit of $0.51 per share was 16% above analysts’ consensus estimates.
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EverQuote (EVER) Q1 CY2026 Highlights:
- Revenue: $190.9 million vs analyst estimates of $180.5 million (14.5% year-on-year growth, 5.7% beat)
- EPS (GAAP): $0.51 vs analyst estimates of $0.44 (16% beat)
- Adjusted EBITDA: $29.33 million vs analyst estimates of $25.21 million (15.4% margin, 16.3% beat)
- Revenue Guidance for Q2 CY2026 is $190 million at the midpoint, above analyst estimates of $180.9 million
- EBITDA guidance for Q2 CY2026 is $29 million at the midpoint, above analyst estimates of $25.22 million
- Operating Margin: 12.3%, up from 4.8% in the same quarter last year
- Free Cash Flow Margin: 14.7%, up from 13.2% in the previous quarter
- Market Capitalization: $512.6 million
“Our first quarter results demonstrate our strong performance and favorable sector demand as we execute our mission to empower P&C insurance providers to grow market share by maximizing customer acquisition across digital channels,” said Jayme Mendal, CEO of EverQuote.
Company Overview
Aiming to simplify a once complicated process, EverQuote (NASDAQ: EVER) is an online insurance marketplace where consumers can compare and purchase various types of insurance from different providers
Revenue Growth
Reviewing a company’s long-term sales performance reveals insights into its quality. Any business can experience short-term success, but top-performing ones enjoy sustained growth for years. Over the last three years, EverQuote grew its sales at an impressive 21.2% compounded annual growth rate. Its growth beat the average consumer internet company and shows its offerings resonate with customers.
This quarter, EverQuote reported year-on-year revenue growth of 14.5%, and its $190.9 million of revenue exceeded Wall Street’s estimates by 5.7%. Company management is currently guiding for a 21.3% year-on-year increase in sales next quarter.
Looking further ahead, sell-side analysts expect revenue to grow 12.1% over the next 12 months, a deceleration versus the last three years. Despite the slowdown, this projection is above average for the sector and indicates the market is baking in some success for its newer products and services.
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Cash Is King
Free cash flow isn't a prominently featured metric in company financials and earnings releases, but we think it's telling because it accounts for all operating and capital expenses, making it tough to manipulate. Cash is king.
EverQuote has shown robust cash profitability, driven by its attractive business model that enables it to reinvest or return capital to investors while maintaining a cash cushion. The company’s free cash flow margin averaged 13.2% over the last two years, quite impressive for a consumer internet business.
Taking a step back, we can see that EverQuote’s margin expanded by 17.8 percentage points over the last few years. This is encouraging, and we can see it became a less capital-intensive business because its free cash flow profitability rose more than its operating profitability.
EverQuote’s free cash flow clocked in at $28.06 million in Q1, equivalent to a 14.7% margin. This result was good as its margin was 1.4 percentage points higher than in the same quarter last year, building on its favorable historical trend.
Key Takeaways from EverQuote’s Q1 Results
We were impressed by EverQuote’s optimistic EBITDA guidance for next quarter, which blew past analysts’ expectations. We were also excited its EBITDA outperformed Wall Street’s estimates by a wide margin. Zooming out, we think this was a solid print. The stock traded up 19.1% to $17.38 immediately after reporting.
Sure, EverQuote had a solid quarter, but if we look at the bigger picture, is this stock a buy? What happened in the latest quarter matters, but not as much as longer-term business quality and valuation, when deciding whether to invest in this stock. We cover that in our actionable full research report which you can read here (it’s free).
