Key Highlights

● Second-quarter revenue grew about 25% to US$195.1 million.

● Adjusted EBITDA rose 37% to a company record of US$30.1 million.

● Net income rose to US$19.2 million from US$14.7 million.

● Cash was US$192.3 million at 30 June 2026 with no outstanding debt.

Latest verified development

EverQuote, Inc. (NASDAQ:EVER), the online insurance marketplace, reported second-quarter 2026 results on 3 August 2026. Revenue grew about 25% year on year to US$195.1 million. Net income rose to US$19.2 million from US$14.7 million, and adjusted EBITDA, a non-GAAP measure, increased 37% to a company record of US$30.1 million.

The company held US$192.3 million of cash and equivalents at 30 June 2026 with no outstanding debt. It repurchased about 578 thousand shares during the quarter for roughly US$9.1 million. Chief executive Jayme Mendal said the company aims to establish EverQuote as the trusted partner for property and casualty providers.

Net income growth of roughly 31% from US$14.7 million to US$19.2 million exceeded revenue growth of about 25%, another sign earnings outpaced sales.

What the numbers show

Using the reported figures, adjusted EBITDA was about 15.4% of revenue in the quarter, and net income was about 9.8% of revenue. Because adjusted EBITDA grew 37% while revenue grew about 25%, profitability widened faster than sales.

The 25% growth rate implies revenue of roughly US$156 million a year earlier.

Capital returns were modest relative to the balance sheet. With US$192.3 million of cash and no debt, the company has flexibility, though the release does not say how it intends to use it.

Guidance for the third quarter

EverQuote guided third-quarter 2026 revenue to US$198.0 million to US$208.0 million, variable marketing dollars to US$56.0 million to US$59.0 million and adjusted EBITDA to US$28.0 million to US$31.0 million.

The adjusted EBITDA range brackets the US$30.1 million recorded in the second quarter.

Guidance midpoint against the record quarter

At the midpoint, guided revenue of US$203.0 million would be about 4% above the second-quarter figure, while the midpoint of adjusted EBITDA, US$29.5 million, would be slightly lower than the US$30.1 million record.

The revenue range itself spans US$10.0 million, and the buyback of about 578 thousand shares for roughly US$9.1 million in the second quarter sits alongside a debt-free balance sheet holding US$192.3 million.