$EVER

EverQuote, Inc.

CIK:0001640428|SEC Filings

Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Revenue	$ 195,086	$ 156,629	$ 385,938	$ 323,261
Cost and operating expenses:
Cost of revenue	4,359	4,842	8,624	10,222
Sales and marketing	147,613	121,055	293,025	250,485
Research and development	9,429	7,772	17,977	15,257
General and administrative	10,200	8,460	19,411	16,900
Legal settlement		332		8,232
Total cost and operating expenses	171,601	142,461	339,037	301,096
Income from operations	23,485	14,168	46,901	22,165
Other income (expense):
Interest income	1,050	918	2,011	1,626
Other income (expense), net	(25)	(22)	(38)	(53)
Total other income, net	1,025	896	1,973	1,573
Income before income taxes	24,510	15,064	48,874	23,738
Income tax expense	(5,324)	(363)	(11,015)	(1,047)
Net income	$ 19,186	$ 14,701	$ 37,859	$ 22,691
Net income per share:
Basic	$ 0.55	$ 0.4	$ 1.06	$ 0.63
Diluted	$ 0.53	$ 0.39	$ 1.04	$ 0.6
Weighted average common shares outstanding:
Basic	35,178	36,327	35,560	36,104
Diluted	36,159	38,014	36,548	37,841
Net Income (Loss)	$ 19,186	$ 14,701	$ 37,859	$ 22,691
Other comprehensive income (loss):
Foreign currency translation adjustment		119	(52)	172
Comprehensive income	$ 19,186	$ 14,820	$ 37,807	$ 22,863

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net income	$ 37,859	$ 22,691
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization expense	1,756	2,139
Stock-based compensation expense	10,813	11,980
Deferred taxes	8,018
Unrealized foreign currency transaction (gains) losses	(37)	110
Litigation accrual settled with sale of assets		7,841
Changes in operating assets and liabilities:
Accounts receivable	(875)	6,386
Prepaid expenses and other current assets	410	(995)
Commissions receivable, current and non-current		1,873
Operating lease right-of-use assets	604	548
Accounts payable	(6,580)	(1,018)
Accrued expenses and other current liabilities	2,409	(2,288)
Deferred revenue	163	(119)
Operating lease liabilities	(618)	(545)
Net cash provided by operating activities	53,922	48,603
Cash flows from investing activities:
Acquisition of property and equipment, including costs capitalized for development of internal-use software	(3,102)	(2,594)
Net cash used in investing activities	(3,102)	(2,594)
Cash flows from financing activities:
Proceeds from exercise of stock options	985	2,335
Repurchase of common stock	(29,000)
Tax withholding payments related to net share settlement	(1,867)	(2,279)
Net cash provided by (used in) financing activities	(29,882)	56
Effect of exchange rate changes on cash, cash equivalents and restricted cash	1	7
Net increase in cash, cash equivalents and restricted cash	20,939	46,072
Cash, cash equivalents and restricted cash at beginning of period	171,379	102,116
Cash, cash equivalents and restricted cash at end of period	192,318	148,188
Supplemental disclosure of non-cash investing information:
Acquisition of property and equipment included in accounts payable	$ 141	164
Assets sold in settlement of litigation accrual		$ 8,141

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 192,318	$ 171,379
Accounts receivable, net	76,024	75,149
Prepaid expenses and other current assets	9,350	9,761
Total current assets	277,692	256,289
Property and equipment, net	9,201	7,878
Goodwill	21,501	21,501
Operating lease right-of-use assets	1,747	2,358
Deferred tax assets	30,682	38,704
Other assets	183	183
Total assets	341,006	326,913
Current liabilities:
Accounts payable	70,288	76,851
Accrued expenses and other current liabilities	9,901	7,512
Deferred revenue	1,825	1,662
Operating lease liabilities	1,378	1,197
Total current liabilities	83,392	87,222
Deferred tax liabilities	271	281
Operating lease liabilities, net of current portion	565	1,370
Total liabilities	84,228	88,873
Commitments and contingencies (Note 8)
Stockholders' equity:
Preferred stock, $0.001 par value; 10,000,000 shares authorized; no shares issued and outstanding
Additional paid-in capital	300,677	319,745
Accumulated other comprehensive income	74	126
Accumulated deficit	(44,009)	(81,868)
Total stockholders' equity	256,778	238,040
Total liabilities and stockholders' equity	341,006	326,913
Class A Common Stock [Member]
Stockholders' equity:
Common stock	32	33
Class B Common Stock [Member]
Stockholders' equity:
Common stock	$ 4	$ 4