EverQuote guided third-quarter 2026 revenue to $198 million to $208 million and reaffirmed its confidence in reaching $1 billion in annual revenue on the timeline communicated last November. The company reported second-quarter revenue of $195.1 million, including auto insurance revenue of $172.1 million and home insurance revenue of $23 million, with adjusted EBITDA of $30.1 million. Variable marketing dollars were $56.9 million, and GAAP net income was $19.2 million. CEO Jayme Mendal highlighted record carrier and agent revenue, a ramp with one major returning carrier, and over 100% year-over-year growth in revenue flowing through Smart Campaigns, which is now used by seven of the top ten carriers. CFO Joseph Sanborn noted the company ended the quarter with no debt and $192 million in cash, repurchased 578,000 shares for approximately $9 million, and expects planned operating expense step-ups of roughly $1 million to $1.25 million in the third quarter and about $0.5 million more in the fourth quarter tied to AI investments.
EverQuote Inc Class AGuides Q3 revenue above expectations and reaffirms $1B annual target, with strong Q2 results and no debt.