EverQuote reported strong financial performance for the nine months ended September 30, 2025. Revenue grew 41.0% to \(497.2M, driven primarily by the Automotive vertical (90%+ of revenue), while Net Income more than doubled to \)41.6M (up from \(19.9M in 2024), and Adjusted EBITDA reached \)69.5M. The company is shifting focus toward Direct Channels, now comprising 87% of revenue. Variable Marketing Margin slightly decreased to 28.7%.
The balance sheet strengthened, with cash increasing over 42% to \(145.8M, sufficient for over 12 months of operations. The Accumulated Deficit was reduced to (\)139.
...