Back to Stocks

EVER

EverQuote, Inc.
7 filings tracked
technologycloud computingSMALL ($300M-2B)

Company Intelligence Hub

Filing history, signal momentum, and bull/bear evolution

Chronological Filing Evolution (Click to filter / toggle)

Thesis (Bull Case Evolution)

EverQuote's first quarter of 2026 marks a significant shift toward high-margin scalability, characterized by a 14.5% increase in revenue to $190.9 million.…

Bullish Outlook

Antithesis (Bear Case / Structural Risks)

Despite the headline growth, EverQuote remains perilously dependent on a handful of partners. A single insurance carrier now accounts for 40% of total revenue, creating a massive concentration risk where a strategic shift by one customer could devastate the top line.…

Risk Factors

Read the full bull/bear analysis

You are reading the free preview. Start a free trial to unlock the complete bull & bear analysis for every EVER filing.

Start Free Trial

Synthesis (Verdict & Resolution)

The Q1 2026 filing reveals a company at a crossroads between AI-driven efficiency and structural fragility. On one hand, the operational data shows a clear path to profitability, with Adjusted EBITDA reaching $29.3 million and a notable decrease in the cost of revenue. The transition toward a more direct distribution channel (90% of revenue) provides the company with better data and pricing power, which is essential for long-term sustainability. However, the synthesis of these results suggests that the 'AI-powered' narrative may be masking a precarious reliance on the auto insurance underwriting cycle. The tension between aggressive capital returns and the strict requirements of its debt covenants creates a narrow window for error. Investors must weigh the impressive margin expansion against the systemic risk posed by extreme customer concentration and the volatility of the P&C insurance market.

Selected Quarter

Core Takeaway

EverQuote is successfully leveraging AI to optimize acquisition costs and boost margins, but its reliance on a few large carriers creates a significant single-point-of-failure risk.

Investor Lens

The trade-off between impressive operational leverage and the systemic risk of a concentrated customer base.

Watch Next

The Adjusted Quick Ratio and any shifts in spending from the top three carrier customers.

View Full SEC Report

Signal Momentum Chart

Quarterly net bull/bear signal ratio. Click nodes to select a quarter.

BULLISH (+1.0)NEUTRAL (0.0)BEARISH (-1.0)+0.73Q2 '26 (10-Q)

Signal Timeline

Active Filters:Quarter: Q2 '26 (10-Q)
bullishMay 5

Net income more than doubled year-over-year to $18.7 million.

earnings beat
90%
bullishMay 5

Variable marketing margin improved to 29.3% from 28.1%.

margin expansion
70%
bullishMay 5

Aggressive share repurchase program with $19.9M spent in Q1.

buyback
60%
bullishMay 5

Net income more than doubled year-over-year to $18.7 million.

earnings beat
90%
bullishMay 5

Variable marketing margin improved to 29.3% from 28.1%.

margin expansion
70%
bullishMay 5

Aggressive share repurchase program with $19.9M spent in Q1.

buyback
60%
bullishMay 5

Net income more than doubled year-over-year to $18.7 million.

earnings beat
90%
bullishMay 5

Variable marketing margin improved to 29.3% from 28.1%.

margin expansion
70%
bullishMay 5

Aggressive share repurchase program with $19.9M spent in Q1.

buyback
60%
bullishMay 5

Net income more than doubled year-over-year to $18.7 million.

earnings beat
90%
bullishMay 5

Variable marketing margin improved to 29.3% from 28.1%.

margin expansion
70%
bullishMay 5

Aggressive share repurchase program with $19.9M spent in Q1.

buyback
60%
bullishMay 5

Net income more than doubled year-over-year to $18.7 million.

earnings beat
90%
bullishMay 5

Variable marketing margin improved to 29.3% from 28.1%.

margin expansion
70%
bullishMay 5

Aggressive share repurchase program with $19.9M spent in Q1.

buyback
60%
bullishMay 5

Net income more than doubled year-over-year to $18.7 million.

earnings beat
90%
bullishMay 5

Variable marketing margin improved to 29.3% from 28.1%.

margin expansion
70%
bullishMay 5

Aggressive share repurchase program with $19.9M spent in Q1.

buyback
60%
bullishMay 5

Net income more than doubled year-over-year to $18.7 million.

earnings beat
90%
bullishMay 5

Variable marketing margin improved to 29.3% from 28.1%.

margin expansion
70%
bullishMay 5

Aggressive share repurchase program with $19.9M spent in Q1.

buyback
60%

Filing History

10-QMay 5, 2026
Expand Sequence

The Q1 2026 filing reveals a company at a crossroads between AI-driven efficiency and structural fragility. On one hand, the operational data shows a clear path to profitability, with Adjusted EBITDA reaching $29.3 million and a notable decrease in the cost of revenue. The transition toward a more direct distribution channel (90% of revenue) provides the company with better data and pricing power, which is essential for long-term sustainability. However, the synthesis of these results suggests that the 'AI-powered' narrative may be masking a precarious reliance on the auto insurance underwriting cycle. The tension between aggressive capital returns and the strict requirements of its debt covenants creates a narrow window for error. Investors must weigh the impressive margin expansion against the systemic risk posed by extreme customer concentration and the volatility of the P&C insurance market.

Disclaimer: The synthesis provided is generated by AI models and should not be construed as investment advice. Analysis is based solely on regulatory data present at the time of publication. Consult a financial advisor for specific investment strategies.