EverQuote, Inc.

Listed Company

EVERCIK 0001640428NasdaqAcceleratedServices-Computer Programming, Data Processing, Etc.DelawareFY ends Dec 31

Period

FY 2025

Revenue

$692.52M

Net Income

$99.31M

Total Assets

$326.91M

Equity

$238.04M

Shares Out

—

Op. Cash Flow

$95.38M

Business

EverQuote, Inc. operates an online marketplace that connects consumers seeking property and casualty insurance with insurance providers, including carriers and third-party agents. It offers consumer-facing insurance shopping experiences, lead generation and referral services, a web-based provider portal, campaign management tools, and call-center supported quote delivery. Key business components include its proprietary data and technology platform, provider engagement tools, consumer acquisition channels, and verified partner publisher network. The company primarily serves the U.S. P&C insurance market through owned websites, third-party publishers, call centers and direct integrations with carriers and agents.

Summary from filing dated 2025-02-25

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue	693	500	288	404	419
Cost of revenue	19	21	22	24	24
Sales and marketing	541	388	240	349	355
Research and development	32	30	28	32	36
General and administrative	34	30	26	28	25
Legal settlement	8	—	—	—	—
Restructuring and other charges	—	—	24	—	—
Acquisition-related costs	—	—	−150,000	−4	1
Total cost and operating expenses	634	468	340	429	440
Income (loss) from operations	58	32	−52	−25	−22
Interest income	4	2	1	349,000	37,000
Other income (expense), net	−87,000	178,000	14,000	23,000	−57,000
Total other income, net	3	2	1	372,000	−20,000
Income (loss) before income taxes	62	34	−51	−24	−22
Income tax benefit (expense)	37	−2	−577,000	—	3
Net income (loss)	99	32	−51	−24	−19
Basic (per share)	2.75	0.92	−1.54	−0.77	−0.67
Diluted (per share)	2.63	0.88	−1.54	−0.77	−0.67
Basic (shares)	36	35	33	31,613	29,088
Diluted (shares)	38	37	33	31,613	29,088
Foreign currency translation adjustment	126,000	−29,000	35,000	−16,000	17,000
Comprehensive income (loss)	99	32	−51	−24	−19

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	171	102	38	31	35
Accounts receivable, net	75	61	21	30	36
Commissions receivable, current portion	0	3	4	14	9
Prepaid expenses and other current assets	10	5	6	7	5
Total current assets	256	172	69	81	85
Property and equipment, net	8	6	6	6	6
Goodwill	22	22	22	22	22
Acquired intangible assets, net	0	3	5	8	10
Operating lease right-of-use assets	2	3	2	6	7
Deferred tax assets	39	0	—	—	—
Commissions receivable, non-current portion	0	4	8	33	13
Other assets	183,000	320,000	29,000	450,000	681,000
Total assets	327	211	111	157	144
Accounts payable	77	60	17	31	30
Accrued expenses and other current liabilities	8	10	9	10	13
Deferred revenue	2	2	2	2	2
Operating lease liabilities	1	1	2	3	3
Total current liabilities	87	73	30	45	47
Deferred tax liabilities	281,000	0	—	—	—
Operating lease liabilities, net of current portion	1	3	70,000	4	6
Total liabilities	89	75	30	49	58
Commitments and contingencies (Note 11)	—	—	—	—	—
Preferred stock, $0.001 par value; 10,000,000 shares authorized; no shares issued and outstanding	—	—	—	—	—
Additional paid-in capital	320	317	294	270	223
Accumulated other comprehensive income	126,000	0	29,000	−6,000	10,000
Accumulated deficit	−82	−181	−213	−162	−138
Total stockholders' equity	238	135	81	107	85
Total liabilities and stockholders' equity	327	211	111	157	144

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net income (loss)	99	32	−51	−24	−19
Depreciation and amortization expense	4	6	6	6	5
Stock-based compensation expense	24	21	24	29	30
Deferred taxes	−38	—	—	—	−3
Loss on sale of health assets	—	—	19	—	—
Impairment of right-of-use asset	—	—	384,000	—	—
Change in fair value of contingent consideration liabilities	—	—	−150,000	−4	196,000
Provision for bad debt	10,000	13,000	204,000	693,000	−41,000
Unrealized foreign currency transaction (gains) losses	110,000	−26,000	21,000	−9,000	24,000
Litigation accrual settled with sale of assets	8	—	—	—	—
Accounts receivable	−14	−40	8	5	11
Prepaid expenses and other current assets	−4	440,000	962,000	−2	2
Commissions receivable, current and non-current	2	5	4	−24	−17
Operating lease right-of-use assets	1	2	2	3	3
Other assets	137,000	−291,000	421,000	−19,000	534,000
Accounts payable	17	43	−13	1	−4
Accrued expenses and other current liabilities	−2	1	−2	−2	3
Deferred revenue	−103,000	−107,000	5,000	−229,000	227,000
Operating lease liabilities	−1	−3	−3	−3	−3
Net cash provided by (used in) operating activities	95	67	−3	−16	7
Acquisition of property and equipment, including costs capitalized for development of internal-use software	−5	−4	−4	−4	−3
Proceeds from sale of health assets	—	—	13	—	—
Net cash provided by (used in) investing activities	−5	−4	9	−4	−19
Proceeds from exercise of stock options	4	4	979,000	942,000	4
Repurchase of common stock	−21	—	—	—	—
Tax withholding payments related to net share settlement	−4	−2	−402,000	−100,000	—
Net cash provided by (used in) financing activities	−21	2	577,000	16	4
Effect of exchange rate changes on cash, cash equivalents and restricted cash	3,000	1,000	18,000	−27,000	−6,000
Net increase in cash, cash equivalents and restricted cash	69	64	7	−4	−8
Acquisition of property and equipment included in accounts payable	125,000	135,000	25,000	60,000	100,000
Assets sold in settlement of litigation accrual	8	—	—	—	—
Operating lease liabilities arising from obtaining right-of-use assets	0	4	0	1	383,000

Filings

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