EverQuote, Inc. Q1 2026 Earnings Recap

EverQuote’s shares surged 64.4% after reporting Q1 results that notably beat expectations across revenue growth, adjusted EBITDA, and marketing efficiency, underscoring accelerating execution and strong market confidence.

Key Takeaways

• Total revenue grew 15% year-over-year to $190.9 million, driven by robust performance in auto (+13%) and home insurance (+33%) verticals.
• Adjusted EBITDA rose 30% year-over-year to a record $29.3 million, reflecting strong operating leverage and disciplined expense management.
• Variable marketing dollars reached a record $55.9 million, up 19% year-over-year, with variable marketing margin improving to 29.3%, supported by profitable new traffic channels.
• EverQuote is rapidly deploying Agentic AI tools to boost productivity and innovation, aiming to accelerate growth in customer acquisition and marketplace efficiency.
• The company maintains a favorable outlook for Q2, emphasizing continued growth momentum and expanding product offerings to strengthen its competitive position.