EverQuote (NASDAQ: EVER) triples profit and lifts 2026 outlook

Rhea-AI Filing Summary

EverQuote reported a record 2025 with strong growth and much higher profitability. Full-year revenue rose 38% to $692.5M, driven mainly by automotive insurance revenue of $629.8M, up 41%. GAAP net income climbed to $99.3M, helped by a $38.4M one-time deferred tax benefit, while Adjusted EBITDA grew 62% to $94.6M.

Operating cash flow increased to $95.4M, and year-end cash and cash equivalents reached $171.4M with no debt. The company also implemented a $50M share repurchase program. For Q1 2026, EverQuote guides revenue to $175M–$185M and Adjusted EBITDA to $23.5M–$26.5M, indicating expectations for continued solid performance.

Positive

• Record top-line growth: 2025 revenue increased 38% to $692.5M, with automotive insurance revenue up 41% to $629.8M, indicating strong momentum in the core marketplace.
• Major profitability improvement: Adjusted EBITDA rose 62% year-over-year to $94.6M and income from operations grew 84% to $58.3M, reflecting better operating leverage.
• Stronger cash position: Operating cash flow reached $95.4M and cash and cash equivalents increased to $171.4M with no debt, enhancing financial flexibility.
• Shareholder returns: Implementation of a $50.0M inaugural share repurchase program signals active capital return alongside growth investments.
• Solid near-term outlook: Q1 2026 guidance for $175.0–$185.0M in revenue and $23.5–$26.5M in Adjusted EBITDA points to continued healthy performance.

Negative

• None.

Insights

Equity research analyst

EverQuote delivers record growth, strong cash, and higher margins in 2025.

EverQuote posted full-year revenue of $692.5M, up 38%, with Adjusted EBITDA rising 62% to $94.6M. Growth was led by automotive revenue of $629.8M, up 41%, showing strong traction in its core property and casualty marketplace.

Profitability improved sharply: 2025 GAAP net income reached $99.3M versus $32.2M in 2024, including a $38.4M deferred tax benefit. Operating cash flow increased to $95.4M, and cash and cash equivalents rose to $171.4M with no debt, giving the company meaningful financial flexibility.

Management introduced a $50M share repurchase program and guided Q1 2026 revenue to $175M–$185M with Adjusted EBITDA of $23.5M–$26.5M. These figures, together with strong 2025 execution and AI-focused investments, suggest management is planning for continued growth, though actual results will depend on insurance carrier demand and broader market conditions.

0001640428false00016404282026-02-232026-02-23

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 23, 2026

EverQuote, Inc.

(Exact name of Registrant as Specified in Its Charter)

Delaware			001-38549	26-3101161
(State or Other Jurisdiction of Incorporation)			(Commission File Number)	(IRS Employer Identification No.)
141 Portland Street
Cambridge, Massachusetts				02139
(Address of Principal Executive Offices)				(Zip Code)

Registrant’s Telephone Number, Including Area Code: (855) 522-3444

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Class A Common Stock, $0.001 par value per share		EVER		The Nasdaq Global Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

On February 23, 2026, EverQuote, Inc. (the “Company”) issued a press release reporting financial results for the fiscal quarter and year ended December 31, 2025. The full text of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

The information contained in Item 2.02 in this Current Report on Form 8-K (including Exhibit 99.1) shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act, except as expressly set forth by specific reference in such a filing.

Item 7.01 Regulation FD Disclosure.

On February 23, 2026, the Company posted an investor presentation to its website (www.everquote.com). A copy of the investor presentation is furnished as Exhibit 99.2 to this Current Report on Form 8-K.

The information contained in Item 7.01 in this Current Report on Form 8-K (including Exhibit 99.2) shall not be deemed to be “filed” for purposes of Section 18 of the Exchange Act or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

EXHIBIT INDEX

Exhibit No.		Description
99.1		Press release dated February 23, 2026
99.2		Investor Presentation dated February 23, 2026
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			EVERQUOTE, INC.
Date:	February 23, 2026	By:	/s/ Jon Ayotte
			Jon Ayotte Chief Accounting Officer

Exhibit 99.1

EverQuote Announces Fourth Quarter and Full Year 2025 Financial Results

•Fourth Quarter Revenue Grows 32% Year-Over-Year to $195.3 million

•Fourth Quarter GAAP Net Income Increases to $57.8 million and Adjusted EBITDA Grows 32% Year-Over-Year

•Full Year Revenue Grows 38% Year-Over-Year to $692.5 million

•Full Year GAAP Net Income Increases to $99.3 million and Adjusted EBITDA Grows 62% Year-Over-Year

•Generates Full Year 2025 Operating Cash Flow of $95.4 million

CAMBRIDGE, Mass., Feb. 23, 2026 (GLOBE NEWSWIRE) -- EverQuote, Inc. (Nasdaq: EVER), a leading online insurance marketplace, today announced financial results for the fourth quarter and full year ended December 31, 2025.

“2025 was a record year for EverQuote defined by significant success scaling our marketplace, further integrating AI into our operations, and accelerating our evolution to a growth solutions partner to our customers,” said Jayme Mendal, CEO of EverQuote. “We are delivering better performing referrals, bigger traffic scale, and a broader suite of products and services. Looking ahead to 2026, EverQuote is evolving toward an AI-first future and scaling products that combine our unique data with newfound capabilities to derive value.”

“We delivered record financial performance in 2025, growing full-year revenue and Adjusted EBITDA at 38% and 62%, respectively through continued strong execution,” said Joseph Sanborn, CFO of EverQuote. “Our team has been effectively managing costs and driving increasing efficiencies through automation in our core operations, while also further investing in strategic areas to drive growth such as AI capabilities, new products and data science. We believe EverQuote continues to be well positioned to benefit as insurance carriers focus on profitable policy growth in 2026.”

Fourth Quarter 2025 Highlights:

(Unless otherwise noted, all comparisons are relative to the fourth quarter of 2024).

•Total revenue grew 32% to $195.3 million.

•Automotive insurance vertical revenue of $179.9 million, an increase of 32%.

•Home and renters insurance vertical revenue of $15.4 million, an increase of 37%.

•Variable Marketing Dollars grew to $49.3 million, compared to $44.0 million.

•GAAP net income increased to $57.8 million, which includes a net deferred tax benefit of $38.4 million consisting primarily of a one-time release of the valuation allowance against our deferred tax assets, compared to a GAAP net income of $12.3 million.

•Adjusted EBITDA increased 32% to $25.1 million, compared to $18.9 million.

•Operating cash flow increased to $27.0 million, compared to $20.1 million.

Full Year 2025 Highlights:

(Unless otherwise noted, all comparisons are relative to full year 2024 results).

•Total revenue grew 38% to $692.5 million.

•Automotive insurance vertical revenue of $629.8 million, an increase of 41%.

•Home and renters insurance vertical revenue of $62.7 million, an increase of 20%.

•Variable Marketing Dollars grew to $191.9 million, compared to $155.2 million.

•GAAP net income increased to $99.3 million, which includes a net deferred tax benefit of $38.4 million consisting primarily of a one-time release of the valuation allowance against our deferred tax assets, compared to a GAAP net income of $32.2 million.

•Adjusted EBITDA increased 62% to $94.6 million, compared to $58.2 million.

•Operating cash flow increased to $95.4 million, compared to $66.6 million.

•Ended the year with $171.4 million in cash and cash equivalents.

•Implemented a $50.0 million inaugural share repurchase program.

First Quarter 2026 Outlook:

•Revenue of $175.0 - $185.0 million

•Variable Marketing Dollars of $49.0 - $52.0 million

•Adjusted EBITDA of $23.5 - $26.5 million

With respect to the Company’s expectations under “First Quarter 2026 Outlook” above, the Company has not reconciled the non-GAAP measure Adjusted EBITDA to the GAAP measure net income (loss) in this press release because the Company does not provide guidance for stock-based compensation expense, depreciation and amortization expense, legal settlement expense, interest income, and income taxes on a consistent basis as the Company is unable to quantify these amounts without unreasonable efforts, which would be required to include a reconciliation of Adjusted EBITDA to GAAP net income (loss). In addition, the Company believes such a reconciliation would imply a degree of precision that could be confusing or misleading to investors.

Conference Call and Webcast Information

EverQuote will host a conference call and live webcast to discuss its fourth quarter and full year 2025 financial results at 4:30 p.m. Eastern Time today, February 23, 2026. To access the conference call, dial Toll Free: +1 (800) 715-9871 for the US, or +1 (646) 307-1963 for international callers, and provide conference ID 8699350. The live webcast and replay will be available on the Investors section of the Company’s website at https://investors.everquote.com.

Safe Harbor Statement

This press release contains forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact contained in this press release, including statements regarding our future results of operations and financial position, business strategy and plans, and objectives of management for future operations, are forward-looking statements. These statements involve known and unknown risks, uncertainties, and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. In some cases, you can identify forward-looking statements by terms such as “may,” “should,” “expects,” “might,” “plans,” “anticipates,” “could,” “intends,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential,” “seek,” “would” or “continue,” or the negative of these terms or other similar expressions. The forward-looking statements in this press release are only predictions. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our business, financial condition, liquidity and results of operations. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that the future results, levels of activity, performance or events and circumstances reflected in the forward-looking statements will be achieved or occur. These forward-looking statements speak only as of the date of this press release and are subject to a number of risks, uncertainties and assumptions described in our annual report on Form 10-K, our quarterly reports on Form 10-Q and our current reports on Form 8-K as filed with the Securities and Exchange Commission (“SEC”) from time to time. Additional information will also be set forth in the Company's annual report on Form 10-K for the year ended December 31, 2025, which will be filed with the SEC. Because forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified, you should not rely on these forward-looking statements as predictions of future events. The events and circumstances reflected in our forward-looking statements may not be achieved or occur and actual results could differ materially from those projected in the forward-looking statements. While we may elect to update these forward-looking statements at some point in the future, whether as a

result of any new information, future events, or otherwise, we have no current intention of doing so except to the extent required by applicable law. Some of the key factors that could cause actual results to differ include: (1) our dependence on revenue from the property and casualty insurance industries, and specifically automotive insurance, and exposure to risks related to those industries; (2) our dependence on our relationships with insurance providers with no long-term minimum financial commitments; (3) our reliance on a small number of insurance providers for a significant portion of our revenue; (4) our dependence on third-party media sources for a significant portion of visitors to our websites and marketplace; (5) our ability to attract consumers searching for insurance to our websites and marketplace through Internet search engines, display advertising, social media, content-based online advertising and other online sources; (6) any limitations restricting our ability to market to users or collect and use data derived from user activities; (7) risks related to cybersecurity incidents or other network disruptions; (8) risks related to the use of artificial intelligence; (9) our ability to develop new and enhanced products and services to attract and retain consumers and insurance providers, and to successfully monetize them; (10) the impact of competition in our industry and innovation by our competitors; (11) our ability to hire and retain necessary qualified employees to expand our operations; (12) our ability to stay abreast of and comply with new or modified laws and regulations that currently apply or become applicable to our business, including with respect to the insurance industry, telemarketing restrictions and data privacy requirements; (13) our ability to protect our intellectual property rights and maintain and build our brand; (14) our future financial performance, including our expectations regarding our revenue, cost of revenue, variable marketing dollars, operating expenses, cash flows and ability to achieve, and maintain, future profitability; (15) our ability to properly collect, process, store, share, disclose and use consumer information and other data; (16) any impacts of economic or legislative developments, including inflation, increased tariffs and the One Big Beautiful Bill Act; and (17) the future trading prices of our Class A common stock, including any impacts resulting from our share repurchase program.

About EverQuote

EverQuote operates a leading online marketplace for insurance shopping, connecting consumers with insurance provider customers, which includes both carriers and agents. Our vision is to be the leading growth partner for property and casualty, or P&C, insurance providers. Our results-driven marketplace, powered by our proprietary data and technology platform, is improving the way insurance providers attract and connect with consumers shopping for insurance.

For more information, visit everquote.com and follow on LinkedIn.

Investor Relations Contact

Brinlea Johnson

The Blueshirt Group

(415) 269-2645

EVERQUOTE, INC.

STATEMENTS OF OPERATIONS

		Three Months Ended December 31,								Year Ended December 31,
		2025				2024				2025				2024
		(in thousands except per share)
Revenue		$	195,320			$	147,455			$	692,521			$	500,190
Cost and operating expenses(1):
Cost of revenue			4,441				5,420				19,375				20,922
Sales and marketing			155,161				114,209				541,008				387,700
Research and development			8,303				7,640				31,504				29,553
General and administrative			8,784				8,159				34,066				30,264
Legal settlement			—				—				8,232				—
Total cost and operating expenses			176,689				135,428				634,185				468,439
Income from operations			18,631				12,027				58,336				31,751
Other income (expense):
Interest income			956				683				3,574				2,079
Other income (expense), net			(22	)			24				(87	)			178
Total other income, net			934				707				3,487				2,257
Income before income taxes			19,565				12,734				61,823				34,008
Income tax benefit (expense)			38,190				(428	)			37,488				(1,839	)
Net income		$	57,755			$	12,306			$	99,311			$	32,169
Net income per share:
Basic		$	1.60			$	0.35			$	2.75			$	0.92
Diluted		$	1.54			$	0.33			$	2.63			$	0.88
Weighted average common shares     outstanding, basic and diluted
Basic			36,135				35,490				36,141				35,007
Diluted			37,602				37,051				37,753				36,646
(1) Amounts include stock-based compensation expense, as follows:
		Three Months Ended December 31,								Year Ended December 31,
		2025				2024				2025				2024
		(in thousands)
Cost of revenue		$	35			$	53			$	122			$	182
Sales and marketing			1,279				1,713				7,139				6,796
Research and development			1,585				1,422				6,291				5,502
General and administrative			2,692				2,122				10,747				8,134
		$	5,591			$	5,310			$	24,299			$	20,614

EVERQUOTE, INC.

BALANCE SHEET DATA

		December 31,
		2025				2024
		(in thousands)
Cash and cash equivalents		$	171,379			$	102,116
Working capital			169,067				99,131
Total assets			326,913				210,530
Total liabilities			88,873				75,162
Total stockholders' equity			238,040				135,368

EVERQUOTE, INC.

STATEMENTS OF CASH FLOWS

		Three Months Ended December 31,								Year Ended December 31,
		2025				2024				2025				2024
		(in thousands)
Cash flows from operating activities:
Net income		$	57,755			$	12,306			$	99,311			$	32,169
Adjustments to reconcile net income to net cash provided    by operating activities:
Depreciation and amortization			861				1,555				3,811				5,672
Stock-based compensation expense			5,591				5,310				24,299				20,614
Deferred taxes			(38,428	)			—				(38,428	)			—
Provision for (recovery of) bad debt			—				(3	)			10				13
Unrealized foreign currency transaction (gains) losses			14				(82	)			110				(26	)
Litigation accrual settled with sale of assets			—				—				7,841				—
Changes in operating assets and liabilities:
Accounts receivable			(6,970	)			(13,099	)			(13,813	)			(40,178	)
Prepaid expenses and other current assets			248				128				(4,440	)			440
Commissions receivable, current and non-current			—				1,158				1,873				4,880
Operating lease right-of-use assets			291				371				1,124				2,213
Other assets			137				—				137				(291	)
Accounts payable			8,950				12,961				16,887				42,664
Accrued expenses and other current liabilities			(1,416	)			(73	)			(2,105	)			1,040
Deferred revenue			273				(14	)			(103	)			(107	)
Operating lease liabilities			(296	)			(384	)			(1,133	)			(2,537	)
Net cash provided by operating activities			27,010				20,134				95,381				66,566
Cash flows from investing activities:
Acquisition of property and equipment, including costs     capitalized for development of internal-use software			(1,161	)			(1,003	)			(5,057	)			(4,114	)
Net cash used in investing activities			(1,161	)			(1,003	)			(5,057	)			(4,114	)
Cash flows from financing activities:
Proceeds from exercise of stock options			537				651				3,931				3,553
Repurchase of common stock			—				—				(21,024	)			—
Tax withholding payments related to net share settlement			(774	)			(496	)			(3,971	)			(1,846	)
Net cash provided by (used in) financing activities			(237	)			155				(21,064	)			1,707
Effect of exchange rate changes on cash,     cash equivalents and restricted cash			1				(11	)			3				1
Net increase in cash, cash equivalents and    restricted cash			25,613				19,275				69,263				64,160
Cash, cash equivalents and restricted cash at beginning    of period			145,766				82,841				102,116				37,956
Cash, cash equivalents and restricted cash at end    of period		$	171,379			$	102,116			$	171,379			$	102,116

EVERQUOTE, INC.

FINANCIAL AND OPERATING METRICS

Revenue by vertical:

		Three Months Ended December 31,								Change
		2025				2024				%
		(in thousands)
Automotive		$	179,891			$	135,930				32.3	%
Home and renters			15,422				11,298				36.5	%
Other			7				227				-96.9	%
Total revenue		$	195,320			$	147,455				32.5	%

		Year Ended December 31,								Change
		2025				2024				%
		(in thousands)
Automotive		$	629,831			$	446,095				41.2	%
Home and renters			62,650				52,013				20.5	%
Other			40				2,082				-98.1	%
Total revenue		$	692,521			$	500,190				38.5	%

Other financial and non-financial metrics:

		Three Months Ended December 31,								Change
		2025				2024				%
		(in thousands)
Income from operations		$	18,631			$	12,027				54.9	%
Net income		$	57,755			$	12,306				369.3	%
Variable marketing dollars		$	49,335			$	44,023				12.1	%
Adjusted EBITDA(1)		$	25,061			$	18,916				32.5	%

		Year Ended December 31,								Change
		2025				2024				%
		(in thousands)
Income from operations		$	58,336			$	31,751				83.7	%
Net income		$	99,311			$	32,169				208.7	%
Variable marketing dollars		$	191,855			$	155,227				23.6	%
Adjusted EBITDA(1)		$	94,591			$	58,215				62.5	%

(1) Adjusted EBITDA is a non-GAAP measure. Please see “EverQuote, Inc. Reconciliation of Non-GAAP Measures to GAAP” below for more information.

To supplement the Company’s financial statements presented in accordance with GAAP and to provide investors with additional information regarding EverQuote’s financial results, the Company has presented Adjusted EBITDA as a non-GAAP financial measure. This non-GAAP financial measure is not based on any standardized methodology prescribed by GAAP and is not necessarily comparable to similarly titled measures presented by other companies.

The Company defines Adjusted EBITDA as net income (loss), excluding the impact of stock-based compensation expense; depreciation and amortization expense; legal settlement expense; interest income; and income taxes. The most directly comparable GAAP measure is net income (loss). The Company monitors and presents Adjusted EBITDA because it is a key measure used by management and the board of directors to understand and evaluate operating performance, to establish budgets and to develop operational goals for managing EverQuote’s business. In particular, the Company believes that excluding the impact of these items in calculating Adjusted EBITDA can provide a useful measure for period-to-period comparisons of EverQuote’s core operating performance.

The Company uses Adjusted EBITDA to evaluate EverQuote’s operating performance and trends and make planning decisions. The Company believes that this non-GAAP financial measure helps identify underlying trends in EverQuote’s business that could otherwise be masked by the effect of the items that the Company excludes in the calculations of Adjusted EBITDA. Accordingly, the Company believes that this financial measure provides useful information to investors and others in understanding and evaluating EverQuote’s operating results, enhancing the overall understanding of the Company’s past performance and future prospects.

The Company’s non-GAAP financial measures are not prepared in accordance with GAAP and should not be considered in isolation of, or as an alternative to, measures prepared in accordance with GAAP. There are a number of limitations related to the use of Adjusted EBITDA rather than net income (loss), which is the most directly comparable financial measure calculated and presented in accordance with GAAP. In addition, other companies may use other measures to evaluate their performance, which could reduce the usefulness of the Company’s non-GAAP financial measures as tools for comparison.

The following table reconciles Adjusted EBITDA to net income (loss), the most directly comparable financial measure calculated and presented in accordance with GAAP.

EVERQUOTE, INC.

RECONCILIATION OF NON-GAAP MEASURES TO GAAP

		Three Months Ended December 31,								Year Ended December 31,
		2025				2024				2025				2024
		(in thousands)
Net income		$	57,755			$	12,306			$	99,311			$	32,169
Stock-based compensation			5,591				5,310				24,299				20,614
Depreciation and amortization			861				1,555				3,811				5,672
Legal settlement			—				—				8,232				—
Interest income			(956	)			(683	)			(3,574	)			(2,079	)
Income taxes			(38,190	)			428				(37,488	)			1,839
Adjusted EBITDA		$	25,061			$	18,916			$	94,591			$	58,215

Investor PresentationFebruary 2026

Disclaimer This presentation contains forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact contained in this presentation, including statements regarding our future results of operations and financial position, business strategy and plans, and objectives of management for future operations, are forward-looking statements. These statements involve known and unknown risks, uncertainties, and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. In some cases, you can identify forward-looking statements by terms such as “may,” “should,” “expects,” “might,” “plans,” “anticipates,” “could,” “intends,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential,” “seek,” “would” or “continue,” or the negative of these terms or other similar expressions. The forward-looking statements in this presentation are only predictions. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our business, financial condition liquidity and results of operations. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that the future results, levels of activity, performance or events and circumstances reflected in the forward-looking statements will be achieved or occur. These forward-looking statements speak only as of the date of this presentation and are subject to a number of risks, uncertainties and assumptions described in our annual report on Form 10-K, our quarterly reports on Form 10-Q and our current reports on Form 8-K as filed with the Securities and Exchange Commission (“SEC”) from time to time. Additional information will also be set forth in the Company’s annual report on Form 10-K for the fiscal year ended December 31, 2025, which will be filed with the SEC. Because forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified, you should not rely on these forward-looking statements as predictions of future events. The events and circumstances reflected in our forward-looking statements may not be achieved or occur and actual results could differ materially from those projected in the forward-looking statements. While we may elect to update these forward-looking statements at some point in the future, whether as a result of any new information, future events, or otherwise, we have no current intention of doing so except to the extent required by applicable law. Some of the key factors that could cause actual results to differ include: (1) our dependence on revenue from the property and casualty insurance industries, and specifically automotive insurance, and exposure to risks related to those industries; (2) our dependence on our relationships with insurance providers with no long-term minimum financial commitments; (3) our reliance on a small number of insurance providers for a significant portion of our revenue; (4) our dependence on third-party media sources for a significant portion of visitors to our websites and marketplace; (5) our ability to attract consumers searching for insurance to our websites and marketplace through Internet search engines, display advertising, social media, content-based online advertising and other online sources; (6) any limitations restricting our ability to market to users or collect and use data derived from user activities; (7)  risks related to cybersecurity incidents or other network disruptions; (8) risks related to the use of artificial intelligence; (9) our ability to develop new and enhanced products and services to attract and retain consumers and insurance providers, and to successfully monetize them; (10) the impact of competition in our industry and innovation by our competitors; (11) our ability to hire and retain necessary qualified employees to expand our operations; (12) our ability to stay abreast of and comply with new or modified laws and regulations that currently apply or become applicable to our business, including with respect to the insurance industry, telemarketing restrictions and data privacy requirements; (13) our ability to protect our intellectual property rights and maintain and build our brand; (14) our future financial performance, including our expectations regarding our revenue, cost of revenue, variable marketing dollars, operating expenses, cash flows and ability to achieve, and maintain, future profitability; (15) our ability to properly collect, process, store, share, disclose and use consumer information and other data; (16) any impacts of economic or legislative developments, including inflation, increased tariffs and the One Big Beautiful Bill Act; and (17) the future trading prices of our Class A common stock, including any impacts resulting from our share repurchase program. The Company’s presentation also contains estimates, projections, & other information concerning the Company’s industry, the Company’s business & the markets for certain of the Company’s products & services, including data regarding the estimated size of those markets. The information concerning our industry contained in this presentation is based on our general knowledge of and expectations concerning the industry. The Company’s market position, market share and industry market size are based on estimates using our internal data and estimates, data from various industry analyses, our internal research and adjustments and assumptions that we believe to be reasonable. Information that is based on estimates, forecasts, projections, market research, or similar methodologies is inherently subject to uncertainties & actual events or circumstances may differ materially from events & circumstances reflected in this information. Unless otherwise expressly stated, the Company obtained this industry, business, market & other data from reports, research surveys, studies & similar data prepared by market research firms & other third parties, from industry, general publications, & from government data & similar sources. We have not independently verified data from these sources and cannot guarantee their accuracy or completeness. The Company presents Adjusted EBITDA as a non-GAAP measure, which is not a substitute for or superior to, other measures of financial performance prepared in accordance with U.S. GAAP. A reconciliation to the most directly comparable GAAP measures is included in the Appendix to these slides.

Our vision:To be the leading growth partner for P&C insurance providers

Extensive distribution channels with national and regional P&C carriers and thousands of local agents nationwide 3 Strong operating leverage, growing revenue, profitability and cash flow with an asset-light & capital efficient model Key Investment Highlights Insurance Marketplace Leader Massive Market Opportunity Proprietary AI Tech and Data Deep Customer Relationships Scalable Business Model A leading and trusted partner for Property and Casualty 1 (”P&C”) insurance providers to drive their growth and attract high-intent consumers $129b in annual P&C insurance distribution and advertising spend continuing to shift online provides multi-year tailwind 2 Leveraging proprietary data and AI platform to improve the volume, precision and efficacy of P&C insurance providers’ customer acquisition programs Includes auto, home, and other related insurance products Source: S&P Global Market Intelligence as of 2024 Also referred to as 3rd party agent network

Key Financial Highlights As of 12/31/25 $693m 2025 Record Revenue $95m 2025 Adjusted EBITDA 13.7% 2025 Adjusted EBITDA Margin 32% YoY Growth $180m Q4 2025 Auto Revenue 37% YoY Growth $15m Q4 2025 Home Revenue No debt on Balance Sheet 1 $171m 2025 Year End Cash Balance 62% YoY Growth, 39% 5-Year CAGR 2.0% pt. Increase YoY ~1.7% pt. growth per year since 2020 38% YoY Growth, 15% 5-Year CAGR

Large & Expanding TAM Market Growth Drivers U.S. P&C Insurance Market: Distribution and Advertising Spend 1 Increased carrier focus on growing policies in force Continued shift of acquisition spend online Continued shift to digitization of insurance products and workflows Highlights $8b P&C Digital Advertising Spend $129b P&C Distribution and Advertising Spend Market Less consumers buy insurance online than broader financial services 2 ~40% Of auto insurance customers shopped for new insurance in 2025 3 57% S&P Global Market Intelligence, Insider Intelligence, and Company’s own estimates. Includes commissions and advertising spend 2024 Drive Research JD Power

P&C “Soft Market” Provides Favorable Backdrop “Soft Market”: A period following large rate increases to achieve rate adequacy; includes increased carrier competition to grow market share and policies in force, while underwriting standards ease and premiums decline 1. Source: S&P CapIQ P&C Combined Ratio1 Recent Carrier Commentary Progressive (8/5/25): “We have continued to leverage our scale in identifying new opportunities to refine where and how we invest our marketing spend to drive profitable growth”…“We’ll always try to grow as fast as we can at a 96% [combined ratio].” Allstate (7/31/25): “Our auto book of business is now broadly profitable, including in previously profit-challenged markets like California, New York, and New Jersey, and we are focused on investing profitably growing auto market share.” Liberty Mutual (8/7/25): “Since the end of 2024, we have continued to ramp up marketing spend, particularly in targeted geographies to be more focused and aggressive. While negatively impacting our expense ratio, this approach has led to nearly double the personal lines new business volume produced in the prior year quarter.”

Distribution Driving High-Intent Consumers to P&C Insurance Providers Traffic Channels Provider Engagement Consumer Arrival Provider Matching Partnerships Performance Media Other1 SEM Clicks Calls Consumer Routing Consumer Acquisition Performance Alignment Bidding Carriers Enterprise Distribution Agent Distribution Local Agent Network Other includes organic search, direct-to-site, partner exchange & other traffic sources Based on Company data & representative of the insurance provider partners on the platform as of December 31, 2025 Representative Carriers2 Delivery

Proprietary Platforms Strengthen Competitive Moat Minimize Cost per Acquisition Omni-channel Automated Bidding Marketing Maximize Conversion Rates Consumer Personalized User Experiences Maximize Bind Performance Consumer Alignment Algorithms Distribution Maximize Value per Acquisition Enterprise & Agency Campaign Management B2B Source: estimated using Company data as of December 31, 2025 4.5b+ Proprietary Consumer Submitted Data Points since Inception 1 Highly integrated AI and proprietary data assets to support P&C insurance providers’ growth

Marketplace performance and scale earns opportunity to expand into more digital products and services Higher performance relative to other partners and channels yielding higher bids & budgets, fueling more traffic scale Investing in automation and intentional design to sustainably scale our teams and systems with increasing leverage Proprietary data, tech, and consultative partnerships to optimize each step of the EverQuote funnel Bidding SmartCampaigns Deep Partnership AI-Enabled Solutions New Products P&C Adjacent Verticals Provider Budget Growth Existing Traffic Growth New Channel Expansion Platform Simplification and Alignment Automation and AI Path to $1b+ of Annual Revenue 1. Better Performing 2. Bigger Scale 3. Broader Services 4. Efficiently Our Vision: To be the leading growth partner for P&C insurance providers

Financial Highlights

Q4 2025 Results Quarterly Revenue ($m) YoY Comparison Quarterly Adjusted EBITDA ($m) Quarterly Variable Marketing Dollars ($m) $m Q4 2024 Q4 2025 YoY Growth % Revenue $147.5 $195.3 32% Variable Marketing Dollars $44.0 $49.3 12% Adjusted EBITDA $18.9 $25.1 32% Adjusted EBITDA Margin % 12.8% 12.8% 0.0% pts.

Driving Growth and Expanding Profitability Since IPO Variable Marketing Dollars ($m) Revenue ($m) Note: Auto insurance market downturn began in the late summer of 2021 Note: Historical financials include health insurance vertical financials, which was exited on June 30, 2023. Note: The health insurance vertical revenue was: $29.7m in 2021, $38.7m in 2022, and $15.0m in 2023. Operating Cash Flow ($m) Adjusted EBITDA ($m) Auto Downturn Begins in Late Summer 2021 CAGR 2018 - 2025: ~23% CAGR 2018 - 2025: ~23% EVER IPO

NASDAQ: EVER

Appendix

Key Metrics Definitions Variable Marketing Dollars & Margin We define variable marketing dollars, or VMD, as revenue, as reported in our consolidated statements of operations and comprehensive income (loss), less advertising costs (a component of sales and marketing expense, as reported in our consolidated statements of operations and comprehensive income (loss)). We define variable marketing margin, or VMM, as VMD divided by revenue.We use VMD and VMM to measure the efficiency of individual advertising and consumer acquisition sources and to make trade-off decisions to manage our return on advertising. We do not use VMD or VMM as a measure of profitability. Adjusted EBITDA We define Adjusted EBITDA as net income (loss), adjusted to exclude: stock-based compensation expense, depreciation and amortization expense, restructuring and other charges, acquisition-related costs, legal settlement expense, one-time severance charges, interest income and the provision for (benefit from) income taxes. We monitor & present Adjusted EBITDA because it is a key measure used by our management & board of directors to understand & evaluate our operating performance, to establish budgets & to develop operational goals for managing our business.

Reconciliation of Adjusted EBITDA - 12 Months Ended 12 Months Ended December 31, 2025 December 31, 2024 December 31, 2023 December 31, 2022 December 31, 2021 December 31, 2020 Net Income (Loss) $99,311 $32,169 ($51,287) ($24,416) ($19,434) ($11,202) Stock-based compensation $24,299 $20,614 $22,808 $28,986 $30,020 $24,179 Depreciation & amortization $3,811 $5,672 $6,196 $5,848 $5,072 $3,350 Legal settlement $8,232 - - - - - Acquisition-related costs/earnout - - ($150) ($4,135) $1,065 $2,258 Restructuring and Other Charges - - $23,568 - $440 - Interest (income) expense, net ($3,574) ($2,079) ($1,251) ($349) ($37) ($189) Provision for (benefit from) income taxes ($37,488) $1,839 $577 - ($2,510) - Adjusted EBITDA $94,591 $58,215 $461 $5,934 $14,616 $18,396 ($ in Thousands)

Reconciliation of Adjusted EBITDA - 3 Months Ended 3 Months Ended December 31, 2025 September 30, 2025 June 30, 2025 March 31, 2025 December 31, 2024 Net Income (Loss) $57,755 $18,865 $14,701 $7,990 $12,306 Stock-based compensation $5,591 $6,728 $6,560 $5,420 $5,310 Depreciation & amortization $861 $811 $918 $1,221 $1,555 Legal settlement - - $332 $7,900 - Acquisition-related costs/earnout - - - - - Restructuring and Other Charges - - - - - Interest (income) expense, net ($956) ($992) ($918) ($708) ($683) Provision for (benefit from) income taxes ($38,190) ($345) $363 $684 $428 Adjusted EBITDA $25,061 $25,067 $21,956 $22,507 $18,916 ($ in Thousands)

FAQ

How did EverQuote (EVER) perform financially in full-year 2025?

EverQuote delivered strong 2025 results with revenue of $692.5 million, up 38% year-over-year. GAAP net income increased to $99.3 million, and Adjusted EBITDA rose 62% to $94.6 million, reflecting meaningful operating leverage and improved profitability across the business.

What were EverQuote’s key fourth quarter 2025 results?

In Q4 2025, EverQuote generated $195.3 million in revenue, a 32% increase from Q4 2024. GAAP net income reached $57.8 million, aided by a deferred tax benefit, while Adjusted EBITDA grew 32% to $25.1 million, with operating cash flow of $27.0 million.

How profitable was EverQuote’s core automotive insurance vertical in 2025?

EverQuote’s automotive insurance revenue grew strongly to $629.8 million in 2025, up 41% from 2024. This segment was the main driver of overall company growth, reflecting increased marketplace scale and demand from property and casualty insurance providers on the platform.

What is EverQuote’s cash and balance sheet position at year-end 2025?

At December 31, 2025, EverQuote reported $171.4 million in cash and cash equivalents and disclosed no debt on its balance sheet. Working capital stood at $169.1 million, providing a solid liquidity base to support operations, investment, and share repurchases.

Did EverQuote announce any share repurchase or capital return program?

Yes. EverQuote implemented a $50.0 million inaugural share repurchase program in 2025. This program complements the company’s growth investments and allows it to return capital to shareholders while maintaining a strong cash position and no debt.

What guidance did EverQuote provide for first quarter 2026?

For Q1 2026, EverQuote expects revenue between $175.0 million and $185.0 million. The company also projects Variable Marketing Dollars of $49.0–$52.0 million and Adjusted EBITDA of $23.5–$26.5 million, indicating anticipated continued profitability.

How did EverQuote’s operating cash flow trend in 2025 compared to 2024?

Operating cash flow improved meaningfully, rising to $95.4 million in 2025 from $66.6 million in 2024. The increase reflects higher profitability, disciplined cost management, and efficient working capital, strengthening EverQuote’s ability to fund growth and shareholder returns.

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