Record-Breaking Revenue and Growth
In 2024, EverQuote achieved a revenue growth of 74%, crossing the $500 million mark for the first time, and adjusted EBITDA grew to nearly $60 million. The company also entered 2025 with over $100 million of cash on the balance sheet and no debt.
Enterprise Carrier Spend Surge
Enterprise carrier spend increased nearly 500% from the comparable period last year, driving significant revenue growth in the fourth quarter.
Local Agent Business Acceleration
Local agent business achieved 65% year-over-year growth in Q4, showing strong recovery and growth potential.
Technological Advancements
EverQuote made significant strides in modernizing and simplifying platforms, advancing AI-powered solutions, and enhancing operational efficiency.
Strong Financial Performance
The company reported record net income of $12.3 million in Q4 and an adjusted EBITDA of $18.9 million, marking a significant improvement from previous losses.