Everquote ( (EVER) ) has released its Q2 earnings. Here is a breakdown of the information Everquote presented to its investors.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
EverQuote, Inc. is a prominent online insurance marketplace that connects consumers with insurance providers, focusing on property and casualty insurance. The company leverages its proprietary data and technology platform to enhance the insurance shopping experience.
In its second quarter of 2025, EverQuote reported a significant 34% increase in revenue year-over-year, reaching $156.6 million. The company also announced a record net income of $14.7 million and an adjusted EBITDA of $22.0 million, showcasing robust financial performance.
Key highlights from the quarter include a 36% revenue growth in the automotive insurance vertical and a 23% increase in the home and renters insurance segment. The company also introduced a $50 million share repurchase program, reflecting confidence in its financial trajectory and commitment to shareholder value.
Looking ahead, EverQuote projects continued growth with an expected revenue increase of 15% year-over-year in the third quarter of 2025. The company remains focused on leveraging AI-driven efficiencies and disciplined expense management to sustain its growth momentum and maintain a strong balance sheet.