Key Highlights

  • EverQuote's board approved a programme to repurchase up to US$50.0 million of Class A common stock, announced on 21 October 2026.
  • Second-quarter 2026 Revenue was US$195.1 million, up 25 per cent, with GAAP Net Income of US$19.2 million.
  • Third-quarter guidance calls for revenue of US$198.0 million to US$208.0 million and adjusted EBITDA of US$28.0 million to US$31.0 million.

A new repurchase authorisation

On 21 October 2026, EverQuote, Inc. (NASDAQ:EVER) announced that its board had approved a new programme to buy back up to US$50.0 million of its Class A common stock. Purchases may be made from time to time on the open market, in privately negotiated transactions or by other means, including under Rule 10b5-1 trading plans.

The company said the timing and amount depend on factors such as market conditions. It is not obliged to buy any shares, and the programme may be suspended or discontinued at any time. An authorisation is therefore a ceiling, not a commitment to spend.

Second-quarter results

EverQuote reported second-quarter 2026 results on 3 August 2026. Revenue was US$195.1 million, up 25 per cent year on year. Automotive revenue was US$172.1 million, up 23 per cent, and home and renters revenue was US$23.0 million, up 35 per cent.

GAAP net income rose to US$19.2 million from US$14.7 million. Adjusted EBITDA, a non-GAAP measure, reached US$30.1 million, up 37 per cent and the highest to date, and income from operations was US$23.5 million, up 66 per cent. Operating Cash Flow was US$24.3 million, compared with US$25.3 million a year earlier.

Cash and equivalents were US$192.3 million, with no Debt and stockholders' Equity of US$256.8 million. During the quarter the company repurchased 578,000 shares for about US$9.1 million.

Guidance and expectations

For the third quarter, EverQuote guided to revenue of US$198.0 million to US$208.0 million, variable Marketing dollars of US$56.0 million to US$59.0 million, and adjusted EBITDA of US$28.0 million to US$31.0 million. Management cited continued Demand from carriers across digital channels.

These are forecasts, not results.

Other recent developments

On 10 August 2026 the company announced a commercial Partnership with Waniwani aimed at helping property and casualty insurers be discovered across agentic AI channels, and on 8 October 2026 it published a white paper on personal AI agents and the future of insurance distribution. Neither announcement came with financial figures, so their commercial significance is unquantified.

What to watch

EverQuote has said it will report third-quarter results on 2 November 2026. Points of interest include whether revenue lands within the guided range, how adjusted EBITDA compares with the US$28.0 million to US$31.0 million forecast, and how quickly the company uses the new authorisation relative to the US$9.1 million spent last quarter.

Automotive revenue accounted for about 88 per cent of second-quarter sales, so carrier demand in that category is the main sensitivity, while home and renters, at about 12 per cent, is growing faster from a smaller base. The pace of repurchases versus the 578,000 shares bought last quarter is another marker.