NASDAQ$EVER

EverQuote Inc · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

EverQuote reported strong financial results for the fourth quarter of 2024, with significant growth in revenue, net income, and Adjusted EBITDA.

EverQuote, Inc. announced robust financial results for the fourth quarter and full year ended December 31, 2024, exceeding guidance across all primary financial metrics. The company achieved record-level revenue and net income for the quarter, driven by strong growth in the automotive insurance vertical.

  • Total revenue for Q4 2024 increased by 165% year-over-year to $147.5 million.
  • Net income for Q4 2024 was $12.3 million, a significant improvement from a net loss of ($6.3) million in Q4 2023.
  • Adjusted EBITDA for Q4 2024 reached $18.9 million, compared to ($0.9) million in Q4 2023.
  • Operating cash flow for Q4 2024 was $20.1 million, up from ($0.8) million in Q4 2023.

Headline financials

Total Revenue

$148M

Previous: $55.7M+164.8%
EPS (adj)

$0.35

Previous: -$0.19+284.2%
Variable Marketing Dollars

$44M

Previous: $20.7M+113.0%
Adjusted EBITDA

$18.9M

Previous: -$886K+2235.0%
Income from Operations

$12M

No prior period
Operating Cash Flow

$20.1M

Previous: -$800K+2616.8%
Capital Expenditures

-$1M

Previous: -$852K-17.7%
Net Income

$12.3M

Previous: -$6.35M+293.9%
Operating Income

$12M

Previous: -$6.76M+277.9%
Gross Profit

$142M

Previous: $50.7M+180.1%
R&D Expense

$7.64M

Previous: $5.94M+28.5%

Revenue & EPS history

EverQuote · Revenue · Quarterly

$148M

Q4 2024+164.8%vs Q4 2023
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Revenue by segment

EverQuote · $55M total across 3 segments · Q3 2023

  • Automotive
    $43.1M-51.2%
  • Home and Renters
    $10.9M
  • Other
    $1.05M-93.1%

Forward guidance

For the first quarter of 2025, EverQuote anticipates continued strong growth in revenue, variable marketing dollars, and Adjusted EBITDA, reflecting positive momentum from the previous year.

Tailwinds

  • Revenue is projected to be between $155.0 million and $160.0 million, representing 73% year-over-year growth at the midpoint.
  • Variable Marketing Dollars are expected to be between $44.0 million and $46.0 million, representing 46% year-over-year growth at the midpoint.
  • Adjusted EBITDA is projected to be between $19.0 million and $21.0 million, representing 163% year-over-year growth at the midpoint.
  • Continued strategic investments in technology platform to enable faster product development and new offerings.
  • Leveraging traffic expertise, data assets, and technology to support insurance provider customers and drive profitability.

Headwinds

  • The company does not provide guidance for stock-based compensation expense, depreciation and amortization expense, restructuring and other charges, acquisition-related costs, interest income, and income taxes.
  • Reconciliation of non-GAAP measures to GAAP is not provided due to the inability to quantify certain amounts without unreasonable efforts.
  • Such reconciliation could imply a degree of precision that might be confusing or misleading to investors.
  • The company's dependence on revenue from property and casualty insurance industries, especially automotive insurance, poses risks.
  • Reliance on a small number of insurance providers for a significant portion of revenue.

Historical earnings impact

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

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q4 2024

Historical avgQ4 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
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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