EverQuote, Inc.
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EverQuote, Inc. - overview
Established
2010
Location
Cambridge, MA, US
Primary Industry
Insurance
About
EverQuote, Inc. is an online insurance marketplace that enables users to compare and obtain insurance quotes, mainly for auto insurance, by leveraging data analytics to match them with suitable providers. Founded in 2010 in Cambridge, US, EverQuote, Inc. operates as an online platform that connects consumers with insurance providers.
The company has successfully raised USD 84 mn in its IPO on June 28, 2018, selling 4. 69 million shares at USD 18 per share. Jayme Mendal currently leads the company as CEO, while the founding team includes Dian S. , Drew Shockley, and Josh Mushlock.
EverQuote operates as an online insurance marketplace primarily focused on auto insurance. The core offering enables users to compare insurance quotes from various providers by answering a series of personalized questions regarding their insurance needs. By leveraging data analytics, EverQuote matches consumers with policies tailored to their preferences, simplifying the selection process. The platform serves a diverse clientele, including individuals seeking auto insurance across multiple demographic layers, such as age and driving history.
EverQuote's services are available throughout the United States, where it connects users with insurance companies to facilitate the acquisition of necessary coverage types, including liability, collision, and comprehensive insurance. In the most recent fiscal year 2024, EverQuote reported a revenue of USD 500. 19 mn and an EBITDA of USD 37. 42 mn.
The company generates revenue primarily through partnerships with insurance providers, who pay for leads generated through the platform, typically through a referral fee system. The proceeds from the IPO will support EverQuote's strategy to accelerate growth and invest in sales and product development. The company aims to enhance its product offerings and expand into new markets, although specific regions targeted for expansion have yet to be disclosed. EverQuote continues to explore opportunities to improve user experience, thereby increasing its client base and solidifying its market position.
Current Investors
Link Ventures, Oceania Capital Partners, Stratim Capital
Primary Industry
Insurance
Sub Industries
Commercial Insurance, Health Insurance, Insurance Intermediaries, Life Insurance, Personal Insurance
Website
www.everquote.com
Verticals
InsureTech, RegTech
Company Stage
Mature
Total Amount Raised
Subscriber access only
EverQuote, Inc. - timeline of key events
EverQuote, Inc. - financials
| Fiscal Year Ended | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 163,349,000 | 248,811,000 | 346,935,000 | 418,515,000 | 404,127,000 | - | - | - |
| % Revenue Growth (YoY) | - | 52.3% | 39.4% | 20.6% | (3.4%) | - | - | - |
| EBITDA (USD) | (12,571,000) | (5,863,000) | (8,332,000) | (16,852,000) | (18,940,000) | - | - | - |
| Operating Income (USD) | (13,912,000) | (8,049,000) | (11,682,000) | (21,924,000) | (24,788,000) | - | - | - |
| Operating Margin | (8.5%) | (3.2%) | (3.4%) | (5.2%) | (6.1%) | - | - | - |
| % EBITDA Margin | (7.7%) | (2.4%) | (2.4%) | (4.0%) | (4.7%) | - | - | - |
| NET Income (USD) | (13,791,000) | (7,117,000) | (11,202,000) | (19,434,000) | (24,416,000) | - | - | - |
| % Net Margin | (8.4%) | (2.9%) | (3.2%) | (4.6%) | (6.0%) | - | - | - |
EverQuote, Inc. - employee data
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