EverQuote (EVER) Q2 2026: A Tax Bill Obscures a Strong Quarter
As seen on the 24/7 Wall St. homepage on August 3, 2026.
The earnings miss traces to taxes: income tax expense jumped to $5.32 million from $363,000 a year ago, while revenue grew 24.6% and beat expectations. Management guided Q3 revenue to $198 million to $208 million, keeping the $1 billion annual run-rate story alive.
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EverQuote reported Q2 2026 earnings per share of $0.53, missing the $0.65 consensus estimate by about 18%. The shortfall was not an operational stumble — income tax expense surged to $5.32 million from just $363,000 in the same quarter a year ago, and that swing was the primary drag on the bottom line.
On the top line, the picture was meaningfully better. Revenue came in at $195.1 million, beating expectations of $190.4 million by roughly 2.5% and representing 24.6% growth year over year. That combination — a tax-driven EPS miss alongside a solid revenue beat — is an important distinction for investors trying to assess the underlying health of the business.
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Looking ahead, management guided Q3 2026 revenue to a range of $198 million to $208 million, a range that keeps the company's $1 billion annual run-rate narrative intact. EverQuote had beaten EPS estimates in each of the seven prior quarters before this one, so the tax-driven miss is a notable break in a consistent streak, though the forward guidance suggests confidence in continued revenue momentum.
Mentioned: EVER