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Mar 31, 2025
EverQuote Q1 2025 Earnings Report
Estimated Revenue:$139M
+70.2% YoY
Estimated EPS:$0.349
+585.7% YoY
Key Takeaways
EverQuote announced strong first quarter 2025 financial results, with total revenue increasing 83% year-over-year to $166.6 million and Adjusted EBITDA reaching a record $22.5 million, up 197%. The company reported net income of $8.0 million and ended the quarter with a strong cash position.
Total revenue increased 83% to $166.6 million compared to the first quarter of 2024.
Adjusted EBITDA grew by 197% to $22.5 million in the first quarter of 2025.
GAAP net income for the quarter was $8.0 million.
The company ended the quarter with $125.0 million in cash and cash equivalents.
Revenue by Segment
Forward Guidance
For the second quarter of 2025, EverQuote expects revenue between $155.0 million and $160.0 million and Adjusted EBITDA between $20.0 million and $22.0 million.
Positive Outlook
- Midpoint of Q2 2025 revenue guidance represents 34% year-over-year growth.
- Midpoint of Q2 2025 Adjusted EBITDA guidance represents 62% year-over-year growth.
- Favorable environment with carriers focusing on policy growth.
- Belief that insurance advertising spend shift to digital channels remains intact.
- Company is well positioned for continued success.
Challenges Ahead
- Second quarter revenue guidance midpoint is lower than Q1 2025 actual revenue.
- Second quarter Adjusted EBITDA guidance range is lower than Q1 2025 actual Adjusted EBITDA.
- Forward guidance for non-GAAP Adjusted EBITDA is not reconciled to GAAP net income due to inability to quantify certain amounts without unreasonable efforts.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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