Cash generation remains robust, as evidenced by a 14.7% free cash flow margin in 2026Q1 and the strategic deployment of $19.9 million toward share repurchases.
| Cash from Operations | 101.67M | 95.38M | 66.57M | -2.83M | -15.79M | 7.19M | 10.67M | 4.41M | -1.9M | -1.67M | 5.49M |
| Operating CF Margin % | - | 13.77% | 13.31% | -0.98% | -3.91% | 1.72% | 3.07% | 1.77% | -1.16% | -1.32% | 4.47% |
| Operating CF Growth % | 149.23% | 43.29% | 2453.82% | 82.09% | -319.65% | -32.61% | 141.74% | 332.63% | -13.46% | -130.48% | - |
| Net Income | 109.99M | 99.31M | 32.17M | -51.29M | -24.42M | -19.43M | -11.2M | -7.12M | -13.79M | -5.07M | -933K |
| Depreciation & Amortization | 3.38M | 3.81M | 5.67M | 6.2M | 5.85M | 5.07M | 3.35M | 2.19M | 1.34M | 1.36M | 1.44M |
| Stock-Based Compensation | 24.02M | 24.3M | 20.61M | 24.1M | 28.99M | 30.02M | 24.18M | 12.72M | 7.12M | 1.86M | 1.96M |
| Deferred Taxes | -34.34M | -38.43M | 0 | 0 | 0 | -2.51M | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 7.89M | 7.96M | -13K | 19.85M | -3.45M | 179K | 1.88M | 576K | 351K | 548K | 98K |
| Working Capital Changes | -9.26M | -1.57M | 8.12M | -1.68M | -22.76M | -6.14M | -7.54M | -3.95M | 3.08M | -369K | 2.93M |
| Change in Receivables | -9.99M | -13.81M | -35.3M | 12.39M | 5.36M | -6.36M | -19.8M | -15.23M | -2.93M | -2.48M | -471K |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 461K | 386K | -279K |
| Change in Payables | 11.05M | 16.89M | 42.66M | -13.41M | 1.12M | -3.97M | 9.3M | 6.84M | 4.93M | 1.55M | 3.6M |
| Cash from Investing | -5.46M | -5.06M | -4.11M | 9.35M | -4.29M | -18.82M | -18.75M | -2.98M | -3.67M | -1.19M | -1.08M |
| Capital Expenditures | -2.87M | -5.06M | -4.11M | -3.84M | -4.29M | -2.86M | -3.82M | -2.98M | -3.67M | -1.19M | -1.08M |
| CapEx % of Revenue | 0.4% | 0.73% | 0.82% | 1.33% | 1.06% | 0.68% | 1.1% | 1.2% | 2.25% | 0.94% | 0.88% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | -15.96M | -14.93M | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -2.59M | 0 | 0 | 13.19M | 0 | 0 | 0 | 0 | -3.67M | 0 | 0 |
| Cash from Financing | -42.67M | -21.06M | 1.71M | 577K | 15.84M | 3.62M | 4.91M | 2.98M | 44.84M | -7.18M | 6.81M |
| Debt Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -4.63M | 500K | -9.91M |
| Equity Issued (Net) | -38.84M | -17.09M | 0 | 0 | 15M | 0 | 0 | 0 | 52.31M | -9.23M | -19.36M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -40.88M | -21.02M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -9.23M | -19.36M |
| Other Financing | -3.83M | -3.97M | 1.71M | 577K | 842K | 3.62M | 4.91M | 2.98M | -2.85M | 1.55M | 36.08M |
| Net Change in Cash | 53.52M | 69.26M | 64.16M | 7.12M | -4.27M | -8.02M | -3.18M | 4.42M | 39.27M | -10.04M | 11.21M |
| Free Cash Flow | 98.84M | 90.32M | 62.45M | -6.67M | -20.08M | 4.33M | 6.85M | 1.44M | -5.57M | -2.86M | 4.4M |
| FCF Margin % | 13.79% | 13.04% | 12.49% | -2.32% | -4.97% | 1.03% | 1.97% | 0.58% | -3.41% | -2.26% | 3.59% |
| FCF Growth % | 31.86% | 44.63% | 1036.59% | 66.79% | -564.09% | -36.8% | 376.08% | 125.84% | -94.78% | -164.9% | - |
| FCF per Share | 2.68 | 2.39 | 1.70 | -0.20 | -0.64 | 0.15 | 0.25 | 0.06 | -0.33 | -0.13 | 0.21 |
| FCF Conversion (FCF/Net Income) | 0.90x | 0.96x | 2.07x | 0.06x | 0.65x | -0.37x | -0.95x | -0.62x | 0.14x | 0.33x | -5.88x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 2.34M | 589K | 175K | 0 | 0 | 0 | 0 | 0 | 0 |
Regulatory TCPA compliance exposure
As reported in recent financial statements, EverQuote consistently demonstrates strong cash conversion, with an OCF/NI ratio that frequently exceeds 1.0, peaking at 5.47 in 2024Q1, which suggests that the company's reported net income is well-supported by actual cash inflows from its transactional lead-generation business model.
The consistent ability to generate operating cash flow in excess of net income indicates that the company's earnings are not overly reliant on non-cash accounting adjustments. Investors should monitor whether this conversion efficiency persists as the company scales, as high OCF/NI ratios often reflect conservative revenue recognition practices in the lead-gen space.
Based on the company's reported figures, free cash flow margins have shown a positive trajectory, reaching 14.7% in 2026Q1, which reflects the company's ability to translate top-line revenue growth into meaningful cash generation as the insurance carrier advertising cycle continues its recovery phase.
The upward trend in FCF margins appears to be a direct result of the company's capital-light operating model, which requires minimal reinvestment to maintain its platform. This suggests that the business is well-positioned to self-fund its operations without the need for external financing, provided that carrier demand remains stable.
According to historical data, EverQuote maintains a low capital intensity, with CapEx/Revenue ratios consistently below 1.0%, indicating that the company's infrastructure requirements are modest and do not place a significant burden on the cash generated from its core lead-generation activities.
The low level of capital expenditure suggests that the company's primary investments are focused on software and platform development rather than physical assets. This capital-light profile allows for greater flexibility in capital allocation, as evidenced by the company's recent ability to initiate share repurchases.
As indicated by recent quarterly filings, EverQuote has transitioned toward returning capital to shareholders, utilizing $19.9 million for share repurchases in 2026Q1, which signals management's confidence in the company's long-term cash-generating capacity and its commitment to enhancing shareholder value through disciplined capital deployment.
The shift toward share repurchases suggests that management views the current valuation as attractive relative to internal investment opportunities. Investors should monitor whether this capital return strategy remains sustainable if the insurance underwriting cycle experiences renewed volatility or if regulatory changes necessitate higher cash reserves.
Quick answers to the most common questions about buying EVER stock.
EverQuote, Inc. (EVER) generated $95.4M in net cash from operating activities in 2025. This reflects the cash generated directly from core business operations.
EverQuote, Inc. (EVER) generated $90.3M in free cash flow in 2025. Free cash flow is the cash left over after capital expenditures, which can be used to pay dividends, repurchase shares, or pay down debt.
EverQuote, Inc. (EVER) spent $5.1M on capital expenditures in 2025. CapEx represents the cash invested in physical assets like property, plant, and equipment to maintain or grow the business.
In 2025, EverQuote, Inc. (EVER) spent $21.0M on share repurchases. This shows the company's commitment to returning capital to its equity investors.