EverQuote, Inc. EVER
We operate a leading online marketplace for insurance shopping, connecting consumers with our insurance provider customers, which includes both carriers and agents. Our vision is to be the leading growth partner for property and casualty, or P&C, insurance providers. Our results-driven marketplace, powered by our proprietary data and technology platform, is improving the way insurance providers attract and connect with consumers shopping for insurance.
We operate a marketplace to connect insurance providers to a large volume of high-intent, pre-validated consumer referrals that match the insurers' specific underwriting and profitability requirements. The transparency of our marketplace, as well as the campaign management tools we offer, are designed to make it easy for insurance carriers and third-party agents to evaluate the performance of their marketing spend on our platform and manage their own return on investment. We present consumers with a single starting point for a comprehensive insurance shopping experience where consumers can engage with insurance carriers through multiple channels based on their preferences. Our marketplace enables consumers to choose to visit an insurance provider's website to purchase a policy or engage with a carrier or agent by phone or submit their data to insurance providers to receive quotes. Our services are free for consumers, and we derive our revenue principally from consumer inquiries sold as referrals to insurance providers.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $692.5M | $500.2M | $287.9M | $404.1M | $418.5M | $346.9M | $248.8M | $163.3M | $126.2M | — |
| Cost of revenue | $19.4M | $20.9M | $22.5M | $24.0M | $23.9M | $21.4M | $15.9M | $11.7M | $7.7M | — |
| Gross profit | $673.1M | $479.3M | $265.5M | $380.1M | $394.6M | $325.6M | $232.9M | $151.7M | $118.5M | — |
| R&D | $31.5M | $29.6M | $27.6M | $31.7M | $35.7M | $29.7M | $20.2M | $14.2M | $9.2M | — |
| SG&A | $34.1M | $30.3M | $26.3M | $28.1M | $24.7M | $20.4M | $16.8M | $10.7M | $4.5M | — |
| Total operating expenses | $634.2M | $468.4M | $339.9M | $428.9M | $440.4M | $358.6M | $256.9M | $177.3M | $130.9M | — |
| Operating income | $58.3M | $31.8M | -$52.0M | -$24.8M | -$21.9M | -$11.7M | -$8.0M | -$13.9M | -$4.7M | — |
| Interest expense | — | — | — | — | $37.0K | $189.0K | $669.0K | $121.0K | $382.0K | — |
| Pre-tax income | $61.8M | $34.0M | -$50.7M | -$24.4M | -$21.9M | -$11.2M | -$7.1M | -$13.8M | -$5.1M | — |
| Income tax | $37.5M | $1.8M | $577.0K | — | $2.5M | $0 | $0 | $0 | $0 | — |
| Net income | $99.3M | $32.2M | -$51.3M | -$24.4M | -$19.4M | -$11.2M | -$7.1M | -$13.8M | -$5.1M | — |
| EPS, basic | 2.75 | 0.92 | -1.54 | -0.77 | -0.67 | -0.41 | -0.28 | — | — | — |
| EPS, diluted | 2.63 | 0.88 | -1.54 | -0.77 | -0.67 | -0.41 | -0.28 | -3.03 | -2.18 | — |
| Shares, diluted (wtd. avg.) | 37.8M | 36.6M | 33.4M | 31,613 | 29,088 | 27,329 | 25,759 | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $171.4M | $102.1M | $38.0M | $30.8M | $35.1M | $43.1M | $46.3M | $41.9M | $2.6M | $12.7M |
| Receivables | $75.1M | $61.3M | $21.2M | $29.6M | $35.7M | $46.1M | $32.2M | $17.5M | $14.7M | — |
| Total current assets | $256.3M | $171.8M | $69.2M | $81.0M | $84.7M | $97.4M | $85.3M | $60.5M | $17.6M | — |
| Property, plant and equipment | $7.9M | $6.2M | $5.7M | $6.5M | $5.8M | $6.2M | $5.2M | $4.5M | $2.1M | — |
| Goodwill | $21.5M | $21.5M | $21.5M | $21.5M | $21.5M | $9.8M | — | — | — | — |
| Other intangibles | $0 | $3.3M | $5.2M | $8.0M | $10.2M | $3.4M | — | — | — | — |
| Total assets | $326.9M | $210.5M | $110.9M | $156.5M | $143.6M | $129.1M | $91.2M | $65.7M | $20.5M | — |
| Accounts payable | $76.9M | $60.0M | $17.2M | $30.7M | $29.6M | $33.0M | $23.7M | $16.8M | $11.9M | — |
| Short-term debt | — | — | — | — | — | — | — | — | $361.0K | — |
| Total current liabilities | $87.2M | $72.6M | $29.9M | $45.4M | $47.4M | $46.8M | $38.4M | $21.4M | $15.0M | — |
| Long-term debt | — | — | — | — | — | — | — | — | $4.2M | — |
| Total liabilities | $88.9M | $75.2M | $30.0M | $49.0M | $58.5M | $58.1M | $39.5M | $22.6M | $20.1M | — |
| Retained earnings | -$81.9M | -$181.2M | -$213.3M | -$162.1M | -$137.6M | -$118.2M | -$107.0M | -$99.9M | -$51.3M | — |
| Total equity | $238.0M | $135.4M | $80.9M | $107.5M | $85.1M | $71.0M | $51.8M | $43.2M | -$50.5M | -$25.7M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $95.4M | $66.6M | -$2.8M | -$15.8M | $7.2M | $10.7M | $4.4M | -$1.9M | -$1.7M | — |
| Stock-based compensation | $24.3M | $20.6M | $24.1M | $29.0M | $30.0M | $24.2M | $12.7M | $7.1M | $1.9M | — |
| Capital expenditure | $5.1M | $4.1M | $3.8M | $4.3M | $2.9M | $3.8M | $3.0M | $3.7M | $1.2M | — |
| Investing cash flow | -$5.1M | -$4.1M | $9.4M | -$4.3M | -$18.8M | -$18.8M | -$3.0M | -$3.7M | -$1.2M | — |
| Financing cash flow | -$21.1M | $1.7M | $577.0K | $15.8M | $3.6M | $4.9M | $3.0M | $44.8M | -$7.2M | — |
| Buybacks | $21.0M | — | — | — | — | — | — | — | $9.2M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-173669.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $126.2M | $163.3M | $248.8M | $346.9M | $418.5M | $404.1M | $287.9M | $500.2M | $692.5M |
| Gross profit | — | $118.5M | $151.7M | $232.9M | $325.6M | $394.6M | $380.1M | $265.5M | $479.3M | $673.1M |
| Net income | — | -$5.1M | -$13.8M | -$7.1M | -$11.2M | -$19.4M | -$24.4M | -$51.3M | $32.2M | $99.3M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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