Record Growth and Financial Performance
In Q2 2025, EverQuote achieved a 34% year-over-year revenue growth, reaching $156.6 million. The company recorded a net income of $14.7 million, up from $6.4 million in the prior year, and adjusted EBITDA increased to $22 million, with a margin of 14%, marking record levels of operating cash flow, net income, and adjusted EBITDA margin.
Strong Performance in Auto and Home Insurance Verticals
Revenue from the auto insurance vertical increased by 36% year-over-year to $139.6 million, and the home and renters insurance vertical grew by 23% year-over-year to $17 million.
Inaugural Share Repurchase Program
EverQuote announced a $50 million share repurchase program, reflecting confidence in the business and its cash flow generation.
AI-Driven Enhancements and Efficiency
The company has been leveraging AI to improve operational efficiency, including AI-driven smart campaigns that improved spend efficiency by 20% and AI voice agents in call centers to reduce reliance on human agents.
Expansion of Credit Facility
EverQuote entered into a new 3-year $60 million committed credit facility, providing additional financial flexibility.