Sector: Technology | Industry: Internet Services |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 210 Broadway CAMBRIDGE MA 02139-1959 |
Tel: | N/A |
Website: | https://www.everquote.com |
IR: | See website |
Key People | ||
David B. Blundin Chairman of the Board | Jayme Mendal President, Chief Executive Officer, Director | Joseph Sanborn Chief Financial Officer |
David Brainard Chief Technology Officer | Julia Brncic General Counsel, Company Secretary |
Business Overview |
EverQuote, Inc. operates an online marketplace for insurance shopping, connecting consumers with insurance provider customers, which includes both carriers and agents. The Company's data and technology platform, matches and connects consumers seeking to purchase insurance with relevant options from its network of insurance providers, saving consumers and providers time and money. Its technology platform combines internally developed, third-party and open-source software. Its Websites and supporting services, as well as its development and test environments, are hosted across industry-standard cloud providers, such as Amazon Web Services and Google Cloud Platform. It uses content delivery network solutions for fast, local access to its products. Its insurance provider customers include insurance carriers and third-party insurance agents. Insurance carriers write auto, home and renters, and life insurance policies for consumers directly and through agents. |
Financial Overview |
For the fiscal year ended 31 December 2023, EverQuote Inc revenues decreased 29% to $287.9M. Net loss increased from $24.4M to $51.3M. Revenues reflect Automotive segment decrease of 30% to $227.5M, Other segment decrease of 76% to $19.5M. Higher net loss reflects Acquisition-related costs decrease of 96% to $150K (income), Other income decrease of 39% to $14K (income). |
Employees: | 381 as of Jan 31, 2024 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $603.85M as of Dec 31, 2023 |
Annual revenue (TTM): | $287.92M as of Dec 31, 2023 |
EBITDA (TTM): | -$22.36M as of Dec 31, 2023 |
Net annual income (TTM): | -$51.29M as of Dec 31, 2023 |
Free cash flow (TTM): | -$6.67M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 34,229,732 as of Jan 31, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |