EverQuote, Inc.

EverQuote, Inc. (Nasdaq: EVER) operates a leading online marketplace for property and casualty insurance shopping, connecting consumers with insurance carriers and agents throughout the United States. The company's website is www.everquote.com.

The company's core business involves matching high-intent consumers seeking insurance with relevant insurance providers through a results-driven marketplace powered by proprietary data and technology. EverQuote generates revenue primarily by selling qualified consumer inquiries as referrals to insurance providers in various formats including clicks, data, and calls. The marketplace serves approximately 60 insurance carriers and approximately 6,000 insurance agents representing virtually all major and niche property and casualty carriers operating in the United States.

Automotive insurance represents the dominant portion of EverQuote's business, accounting for 91 percent of total revenue in the most recent fiscal year, with home and renters insurance comprising the remainder. The company attracts consumers through both proprietary owned-and-operated websites and traffic purchased through third-party publishers and verified partner networks. Consumers access the platform at no cost, while insurance providers pay for referrals based on performance metrics.

EverQuote's competitive advantages stem from its proprietary data assets and machine learning algorithms, which efficiently attract insurance shoppers and match them with relevant providers. The company's scale of distribution capacity and consumer traffic, combined with powerful network effects, create barriers to entry. As the platform attracts more consumers and collects additional data, algorithms improve, conversion rates increase, and provider participation expands, reinforcing the marketplace's value proposition.

The company employs a flexible business model with variable cost structure centered on advertising spend, enabling rapid adjustment to market conditions. As of January 31, 2026, EverQuote had 356 full-time employees. The company's growth strategy focuses on adding insurance providers, attracting more consumers to the marketplace, and expanding into adjacent verticals beyond automotive insurance through both organic development and potential acquisitions.