NASDAQ$EVER

EverQuote Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Reported record results driven by auto industry recovery and strong execution.

EverQuote announced record third-quarter results, with revenue exceeding 150% year-over-year growth to $144.5 million. The company delivered a net income of $11.6 million and an adjusted EBITDA of $18.8 million, benefiting from the auto industry recovery and strong execution.

  • Total revenue increased by 163% to $144.5 million.
  • Automotive insurance vertical revenue increased by 202% to $130.0 million, representing 90% of revenue.
  • Home and renters insurance vertical revenue increased by 30% to $14.1 million.
  • GAAP net income improved to $11.6 million, compared to a net loss of $29.2 million.

Headline financials

Total Revenue

$145M

Previous: $55M+162.7%
EPS

$0.31

Previous: -$0.87+135.6%
Variable marketing dollars

$43.9M

No prior period
Adjusted EBITDA

$18.8M

No prior period
Income from operations

$11.7M

No prior period
Capital Expenditures

-$1.49M

Previous: -$966K-54.1%
Free Cash Flow

$11.6M

Previous: -$29.2M+139.5%
Net Income

$11.6M

Previous: -$29.2M+139.5%
Operating Income

$11.7M

Previous: -$29.4M+139.7%
Gross Profit

$139M

Previous: $48.9M+184.6%
R&D Expense

$8.03M

Previous: $6.27M+28.0%
Stock-Based Comp

$5.45M

Previous: $5.64M-3.5%

Revenue & EPS history

EverQuote · Revenue · Quarterly

$145M

Q3 2024+162.7%vs Q3 2023
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

EverQuote · $157M total across 3 segments · Q2 2025

  • Automotive
    $140M—
  • Home and renters
    $17M—
  • Other
    $11K—

Forward guidance

The company provided revenue guidance of $131.0 - $136.0 million, Variable Marketing Margin of $38.0 - $40.0 million, and Adjusted EBITDA of $14.0 - $16.0 million for Q4 2024.

Tailwinds

  • Revenue of $131.0 - $136.0 million, representing 140% year-over-year growth at the midpoint.
  • Variable Marketing Margin of $38.0 - $40.0 million, representing 89% year-over-year growth at the midpoint.
  • Adjusted EBITDA of $14.0 - $16.0 million, versus a loss of ($0.9) million in the prior year’s period.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q3 2024

Historical avgQ3 2024

+3.6%

Avg return

Earnings day

+4.7%

Avg return

5 days after

+5.4%

Avg return

30 days after

61%

19 / 31 earnings

Positive

+63.0%

Q1 2026

Best reaction

-46.7%

Q3 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025———
Q1 2026+63.0%+40.3%—
Q4 2025+1.2%+3.1%+3.8%
Q3 2025+8.3%+13.5%+23.9%
Q1 2025-12.0%-11.9%-6.6%
Q4 2024+27.1%+33.4%+39.4%
Q3 2024+4.6%+7.0%+7.4%
Q2 2024+7.9%-12.0%-10.5%
Q1 2024+16.3%+4.8%+6.7%
Q4 2023+5.4%-2.6%+12.1%
Q3 2023+10.4%+4.1%+29.1%
Q2 2023-17.5%-11.7%-10.7%
Q1 2023+3.3%+7.0%+32.0%
Q4 2022-20.1%-17.1%-21.8%
Q3 2022+0.7%+30.0%+77.3%
Q2 2022-6.9%+9.9%-17.2%
Q1 2022-12.4%-10.7%-36.2%
Q4 2021-5.0%-1.0%-9.6%
Q3 2021-8.6%-4.5%-8.6%
Q2 2021-16.7%-20.5%-35.2%
Q1 2021-1.5%-5.9%-5.7%
Q4 2020+3.3%+1.7%-27.2%
Q3 2020+10.1%+18.7%+9.6%
Q2 2020-25.6%-23.6%-31.5%
Q1 2020+27.4%+32.4%+53.0%
Q4 2019-14.2%-12.9%-37.8%
Q3 2019+28.4%+40.6%+70.9%
Q2 2019+40.7%+43.2%+60.1%
Q1 2019+17.4%+20.9%+30.3%
Q4 2018+19.3%+24.7%+28.9%
Q3 2018-46.7%-56.4%-52.6%
Q2 2018+4.8%+2.6%-12.5%
Q4 2017———
Q2 2017———
Q1 2017———
Q4 2016———
Q3 2016———
Q2 2016———
Q1 2016———
Q4 2015———
Q3 2015———
Q2 2015———
Q1 2015———
Q4 2014———

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