EverQuote (EVER) AI Stock Analysis

• Market Cap: $588.96M
• Dividend Yield: N/A
• Average Volume (3M): 1.12M
• Price to Earnings (P/E): 9.8
• Beta (1Y): 1.10
• Revenue Growth: 57.83%
• EPS Growth: 293.63%
• Country: US
• Employees: 324
• Sector: Communication Services
• Sector Strength: 97
• Industry: Internet Content & Information
• EPS (TTM): 1.54
• Shares Outstanding: 32,351,643
• 10 Day Avg. Volume: 1,438,539
• 30 Day Avg. Volume: 1,120,113
• PEG Ratio: 0.05
• Price to Book (P/B): 4.10
• Price to Sales (P/S): 1.41
• P/FCF Ratio: 10.80
• Enterprise Value/Market Cap: 0.89
• Enterprise Value/Revenue: 0.75
• Enterprise Value/Gross Profit: 0.78
• Enterprise Value/Ebitda: 7.23
• 1Y Price Target: $23.83
• Price Target Upside: 41.42% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 9
• EPS Forecast (FY): 1.95
• Revenue Forecast (FY): $778.58M

• Rating: 74 Outperform
• Price Target: $17.50 ▲(3.86% Upside)
• Action: Upgraded Date: 02/25/26
• Date: Action: Upgraded 02/25/26

Score is driven by materially improved fundamentals (profitability, cash flow, and a low-leverage balance sheet) and supportive valuation (low P/E). The primary offset is weak technical momentum with the stock well below key moving averages despite oversold signals; earnings call positives are tempered by near-term margin pressure and concentration/ad-cost risks.

Positive Factors

Revenue Growth

Sustained high single-digit to high double-digit top-line growth in 2025 demonstrates scalable marketplace demand and successful customer acquisition. Persistent revenue expansion increases network effects, improves bargaining power with carriers, and supports reinvestment in product and distribution over multiple years.

Profitability & Cash Flow

A durable shift to positive operating and free cash flow combined with negligible leverage materially strengthens financial flexibility. Consistent cash generation funds product investment, buybacks, and opportunistic M&A while lowering bankruptcy and refinancing risk versus prior loss years.

AI-led Efficiency & Product Edge

Embedding AI across acquisition and seller tools creates a durable cost and conversion advantage by improving targeting and automation. Widespread carrier adoption of SmartCampaigns indicates product stickiness and operating leverage potential that can sustainably lift margins as scale grows.

Negative Factors

Vertical Concentration Risk

Heavy dependence on the auto vertical concentrates revenue exposure to insurers' auto pricing cycles, regulatory shifts, or competitive changes. Until diversification meaningfully increases, macro or carrier retrenchment in auto could materially depress lead demand and revenue stability.

Ad-cost & Margin Volatility

EverQuote's performance-based lead model depends on third-party advertising inputs; volatile raw ad prices can swing unit economics and VMM, creating earnings and cash-flow variability. Even with AI efficiencies, external ad-market shocks can persistently pressure margins across cycles.

Reporting Transparency & Historical Volatility

A 2025 reporting mismatch (equity materially higher than assets) reduces year-over-year comparability and investor visibility. Coupled with a track record of volatile results (losses through 2023), this raises uncertainty about the sustainability of recent gains absent consistent, transparent reporting.

EverQuote Business Overview & Revenue Model

Company Description

EverQuote, Inc. operates an online marketplace for insurance shopping in the United States. The company's online marketplace offers consumers shopping for auto, home and renters, life, and health insurance. It serves carriers and agents, as well as indirect distributors. The company was formerly known as AdHarmonics, Inc., and changed its name to EverQuote, Inc. in November 2014. EverQuote, Inc. was incorporated in 2008 and is based in Cambridge, Massachusetts.

How the Company Makes Money

EverQuote generates revenue primarily through a performance-based marketing model. The company earns money by selling leads to insurance providers, who pay for each qualified lead generated through the EverQuote platform. This model allows insurers to access a targeted audience of potential customers actively seeking insurance quotes. Additionally, EverQuote has established partnerships with various insurance companies, enabling it to expand its service offerings and enhance its lead generation capabilities. The company may also explore other revenue streams through potential expansion into related financial services or by leveraging data analytics to provide additional insights to partners.

EverQuote Financial Statement Overview

Summary

Strong turnaround with sharply improved profitability and cash generation in 2024–2025, plus very low leverage/net cash. Main risks are historical volatility (notably 2023 downturn) and a 2025 balance-sheet presentation mismatch that reduces transparency for year-to-year comparisons.

Income Statement

Profitability has improved sharply: after losses in 2020–2023, the company posted strong profits in 2024 and expanded further in 2025 (net margin improving from ~6% to ~14%, with operating margins also up). Revenue momentum also strengthened materially in 2025 (about 7% growth vs. roughly flat in 2024), and gross margin remains exceptionally high. The main weakness is volatility in the longer trend—revenue and earnings were inconsistent earlier in the period, including a meaningful downturn in 2023.

Balance Sheet

Leverage appears very low, with debt-to-equity near zero across the period and effectively net cash in 2025 (negative total debt). Equity has grown meaningfully, supporting a strong return on equity in 2024–2025. A key watch item is the mismatch between reported total assets and equity in 2025 (equity substantially higher than assets), which may reflect data classification or reporting nuances and reduces transparency when assessing balance-sheet quality year-to-year.

Cash Flow

Cash generation is strong in the last two years: operating cash flow and free cash flow turned solidly positive in 2024 and improved again in 2025, with free cash flow closely tracking reported earnings (free cash flow roughly in line with net income). This is a meaningful improvement from negative operating and free cash flow in 2022–2023. The primary weakness is the historical inconsistency in cash generation, which shows the model has not been uniformly cash-positive through the cycle.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	692.52M	500.19M	287.92M	404.13M	418.51M
Gross Profit	673.15M	479.27M	265.47M	380.15M	394.57M
EBITDA	65.63M	37.42M	-22.36M	-23.07M	-15.79M
Net Income	99.31M	32.17M	-51.29M	-24.42M	-19.43M
Balance Sheet
Total Assets	326.91M	210.53M	110.92M	156.52M	143.61M
Cash, Cash Equivalents and Short-Term Investments	95.38M	102.12M	37.96M	30.84M	34.85M
Total Debt	2.57M	3.63M	2.16M	6.44M	8.23M
Total Liabilities	88.87M	75.16M	30.02M	49.03M	58.48M
Stockholders Equity	238.04M	135.37M	80.91M	107.49M	85.13M
Cash Flow
Free Cash Flow	90.32M	62.45M	-6.67M	-20.08M	4.33M
Operating Cash Flow	95.38M	66.57M	-2.83M	-15.79M	7.19M
Investing Cash Flow	-5.06M	-4.11M	9.35M	-4.29M	-18.82M
Financing Cash Flow	-21.06M	1.71M	577.00K	15.84M	3.62M

EverQuote Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 16.85
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EVER, the sentiment is Neutral. The current price of 16.85 is above the 20-day moving average (MA) of 15.92, below the 50-day MA of 21.31, and below the 200-day MA of 23.36, indicating a neutral trend. The MACD of -1.41 indicates Negative momentum. The RSI at 43.23 is Neutral, neither overbought nor oversold. The STOCH value of 78.98 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for EVER.

EverQuote Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EVER	74 Outperform	$588.96M	9.83	53.19%	―	57.83%	293.63%
SSTK	65 Neutral	$621.36M	14.82	8.28%	7.14%	13.06%	66.19%
TBLA	61 Neutral	$873.32M	33.98	4.32%	―	10.96%	―
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
ANGI	60 Neutral	$330.86M	13.76	4.40%	―	-13.14%	17.25%
MAX	55 Neutral	$660.44M	28.43	783.82%	―	64.86%	-112.92%
NXDR	51 Neutral	$639.75M	-14.97	-12.25%	―	6.65%	50.32%

EverQuote Corporate Events

EverQuote Reports Record 2025 Results, Issues Strong Outlook

On February 23, 2026, EverQuote reported record fourth quarter and full-year 2025 results, with Q4 revenue up 32% year over year to $195.3 million and full-year revenue up 38% to $692.5 million, driven largely by strong growth in its automotive and home and renters verticals. GAAP net income rose to $57.8 million for the quarter and $99.3 million for the year, boosted by a one-time deferred tax benefit, while Adjusted EBITDA climbed 32% in Q4 and 62% for 2025, alongside higher operating cash flow, a $171.4 million cash balance and the launch of a $50 million share repurchase program, underscoring the company’s AI-led efficiency push and its positioning to benefit from insurers’ focus on profitable policy growth.

For the first quarter of 2026, EverQuote projected revenue between $175 million and $185 million and Adjusted EBITDA of $23.5 million to $26.5 million, signaling expectations of continued solid performance following its 2025 expansion. Management highlighted cost discipline, growing automation and increased investment in AI, new products and data science as key levers supporting the company’s transition from a pure marketplace to a broader growth solutions partner for insurance carriers.

The most recent analyst rating on (EVER) stock is a Buy with a $18.00 price target. To see the full list of analyst forecasts on EverQuote stock, see the EVER Stock Forecast page.