EverQuote Announces Second Quarter 2025 Financial Results

Core Viewpoint - EverQuote, Inc. reported strong financial results for the second quarter of 2025, with a 34% year-over-year revenue growth and record operating cash flow, indicating effective execution and a stable market environment [2][6][7]. Financial Performance - Revenue for the second quarter reached $156.6 million, a 34% increase compared to $117.1 million in the same quarter of 2024 [6][7]. - The automotive insurance vertical generated $139.6 million, reflecting a 36% increase, while home and renters insurance revenue was $17.0 million, up 23% [7][23]. - Variable marketing dollars increased by 25% year-over-year to $45.5 million [6][7]. - Net income for the quarter was $14.7 million, compared to $6.4 million in the prior year, marking a 129.6% increase [6][7][24]. - Adjusted EBITDA rose to $22.0 million, up from $12.9 million, representing a 69.8% increase [6][7][24]. Share Repurchase Program - The Board of Directors approved a share repurchase program allowing the company to buy back up to $50 million of its Class A common stock [2][5][6]. - The program is set to expire on July 22, 2026, and will be funded through existing cash balances and future cash flow [5][6]. Cash Flow and Balance Sheet - Operating cash flow reached a record $25.3 million, compared to $12.4 million in the previous year [6][7]. - The company ended the quarter with $148.2 million in cash and cash equivalents, a 19% increase from $125.0 million at the end of the first quarter of 2025 [7][18]. Future Outlook - For the third quarter of 2025, EverQuote expects revenue between $163.0 million and $169.0 million, indicating a 15% year-over-year growth at the midpoint [7][8]. - Variable marketing dollars are projected to be between $47.0 million and $50.0 million, reflecting a 10% year-over-year growth at the midpoint [7][8].