EverQuote (EVER) Q1 2026 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Wed, May 6, 2026 astatine 9:04 AM CDT 31 min read

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Date

Monday, May 4, 2026 astatine 4:30 p.m. ET

Call participants

• Chief Executive Officer — Jayme Mendal

• Chief Financial Officer and Chief Administrative Officer — Joseph Sanborn

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Full Conference Call Transcript

Jayme Mendal, EverQuote's Chief Executive Officer; and Joseph Sanborn, EverQuote's Chief Financial Officer and Chief Administrative Officer. During this call, we whitethorn marque statements related to our concern that whitethorn beryllium considered forward-looking statements nether national securities laws, including statements considering our fiscal guidance for the 2nd 4th of 2026. Forward-looking statements whitethorn beryllium identified with words and phrases specified arsenic aim, expect, believe, intend, anticipate, plan, will, may, continue, upcoming and akin words and phrases. These statements bespeak our views lone arsenic of contiguous and should not beryllium considered our views arsenic of immoderate consequent date. We specifically disclaim immoderate work to update oregon revise these forward-looking statements, but arsenic required by law.

Forward-looking statements are taxable to a assortment of risks and uncertainties that could origin the existent results to disagree materially from our expectations. For a treatment of those risks and uncertainties, delight notation to our SEC filings, including our yearly study connected Form 10-K and our quarterly reports connected Form 10-Q connected record with the Securities and Exchange Commission and disposable connected the Investor Relations conception of our website. Finally, during the people of today's call, we volition notation to definite non-GAAP fiscal measures, which see adjusted EBITDA, adaptable selling dollars and adaptable selling margin, which we judge are adjuvant to investors.

A reconciliation of GAAP to non-GAAP measures was included successful the property merchandise we issued aft the adjacent of marketplace today, which is disposable connected the Investor Relations conception of our website. And with that, I volition present crook the telephone implicit to Jayme.

Jayme Mendal: Thank you, Sara, and convey you each for joining america today. We delivered fantabulous results successful Q1, exceeding the precocious extremity of our guidance scope crossed revenue, VMD and adjusted EBITDA, punctuated by 30% maturation successful adjusted EBITDA to a grounds level of $29.3 million. Our strategy is moving arsenic planned arsenic we standard our marketplace and deepen supplier relationships. When we went nationalist successful 2018, EverQuote committed to increasing gross 20% and expanding profitability, adjusted EBITDA borderline by 1 to 2 percent points per year. For 7 years, we've delivered arsenic promised, resulting successful 4x gross maturation and implicit $100 cardinal of annualized adjusted EBITDA expansion.