B

EverQuote, Inc. — Earnings Quality Grade B

EVER · Communication Services

Generally healthy

Revenue
$693M
2025
Net Income
$99M
2025
Gross Margin
97.2%
Free Cash Flow
$90M
01

Screening Summary

15
Passed
2
Watch
0
Failed
-1.94
M-Score

Management Signals

No recent CEO, CFO, board, or accounting leadership signals found in SEC 8-K filings.
02

Financial Trends

Revenue & Net Income ($B)

Margins (%)

03

18-Point Screening

01

Revenue Quality

A1DSO Change

DSO 40 days, change -5 days YoY

A2AR vs Revenue Growth

AR growth 22.5% vs revenue growth 38.5%

A3Revenue vs CFFO

Revenue 38.5%, CFFO 43.3%. Cash follows revenue

02

Expense Quality

B1Inventory vs COGS

No material inventory

B2CapEx vs Revenue

CapEx growth 22.9% vs revenue 38.5%. Normal

!
B3SG&A Ratio

SG&A/Gross Profit = 85.4%, exceeds 70%

B4Gross Margin

Gross margin 97.2%, change +1.4pp. Stable

03

Cash Flow Quality

C1CFFO vs Net Income

CFFO/NI = 0.96. Profits backed by cash

C2Free Cash Flow

FCF $0.1B, FCF/NI = 0.91

C3Accruals Ratio

Accruals ratio = 1.2%. Low accruals

C4Cash vs Debt

Cash $0.2B covers debt $0.0B

04

Balance Sheet Health

D1Goodwill + Intangibles

Goodwill+Intangibles $0.0B = 9% of equity. Manageable

D2Leverage

Debt/EBITDA = 0.0x. Healthy

D3Soft Asset Growth

Other assets -42.8% vs revenue 38.5%. Normal

D4Asset Impairment

No write-off data

05

Acquisition Risk

E1Serial Acquirer FCF

FCF after acquisitions positive

E2Goodwill Surge

Goodwill+Intangibles change -13% YoY. Normal

06

Manipulation Score

!
F1Beneish M-Score

M-Score = -1.94 (grey zone)

04

Beneish M-Score

Manipulation Probability-1.94
-4.0 Clean-2.22 Grey-1.78 Danger0
0.885
DSRI
AR growing faster than revenue?
0.986
GMI
Gross margin declining?
1.333
AQI
Asset quality deteriorating?
1.385
SGI
Revenue growth rate
1.37
DEPI
Depreciation slowing?
0.994
SGAI
SG&A ratio changing?
0.012
TATA
Accruals level
0.773
LVGI
Leverage increasing?
05

Altman Z-Score

6.76
Safe Zone
0 Distress1.102.605.0+ Safe
0.5172
Liquidity
-0.2504
Cumulative profit
0.2036
Operating efficiency
2.6784
Leverage

Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25