Cash PositionEverQuote generated $23M in cash during the quarter and now holds over $125M in cash, which should strengthen the company's strategic position.
EarningsEverQuote's Q1 results came in solidly above expectations, with revenue, VMD, and adj. EBITDA all noticeably above CGe as the recovery in auto insurance customer acquisition spending continues.
Revenue GrowthStrong enterprise spend continues, driving impressive cash flow expansion: EverQuote reported total revenue of $167M, up ~83% y/y, ~6% above CGe, and solidly above guidance.