EverQuote, Inc. (EVER) · Nov 2, 2026 · Earnings
Beat — Revenue $218.1M vs ~$203.2M consensus; diluted EPS $0.49 vs ~$0.49
EverQuote earnings beat revenue expectations and exceeded Q3 guidance, with strong EBITDA growth and a steady Q4 outlook.
EverQuote is scaling an AI-powered digital customer-acquisition platform for P&C insurers, with automotive still the core engine and home/renters expanding faster. Its prior quarter already showed 25% revenue growth and management was building toward a longer-term $1 billion revenue path while investing in AI innovation.
The quarter was a clear revenue beat, not just a favorable presentation. Revenue reached $218.1 million, about 7% above the published consensus near $203.2 million and above the prior Q3 guidance range of $198 million-$208 million. The diluted EPS result of $0.49 was essentially in line with the roughly $0.49 consensus, so the surprise came from operating scale rather than bottom-line overperformance.
| Metric | Q3 2026 | Q3 2025 | Consensus / prior guide |
|---|---|---|---|
| Revenue (Financial Highlights) | $218.1M (+25.4%) | $173.9M | ~$203.2M consensus |
| Diluted EPS (Income Statement) | $0.49 (-2.0%) | $0.50 | ~$0.49 consensus |
| Adjusted EBITDA (Operating Metrics) | $35.5M (+41.4%) | $25.1M | $28M-$31M prior guide |
| Operating cash flow (Cash Flow Statement) | $40.5M (+104.8%) | $19.8M | |
| Q4 revenue outlook (Fourth Quarter 2026 Outlook) | $213M-$223M |
The quality of the beat was strongest in operating performance. Adjusted EBITDA rose 41% to $35.5 million, above the prior guidance range, while operating cash flow more than doubled to $40.5 million. That combination suggests the company is converting demand into cash while maintaining spending discipline, even though GAAP net income dipped because of higher taxes and a one-time vendor-contract termination item.
Growth is broadening beyond the automotive core, but diversification is still incomplete. Automotive revenue grew 21% to $190.4 million, while home and renters revenue grew 70% to $27.7 million. Home/renters is scaling quickly, but automotive still represents roughly 87% of quarterly revenue, leaving the business exposed to conditions in its largest insurance vertical.
The Q4 outlook sustains the growth story but does not materially raise the bar. The midpoint of the $213 million-$223 million revenue outlook is essentially flat with Q3's $218.1 million, while the $29 million-$32 million Adjusted EBITDA range is below Q3's record $35.5 million. That looks more like continued healthy demand with normal quarterly variability than a fresh acceleration signal. The $50 million repurchase authorization and $229.1 million of cash with no debt add financial flexibility, but they are supporting details rather than the main change in the business story.
Bottom line: EverQuote delivered a genuine operating beat, led by revenue, EBITDA, and cash flow, while keeping Q4 growth intact. It strengthens the existing execution story, but the largely steady outlook limits the event from becoming a full reset of expectations.
Q4 results, early 2027
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