EVER valuation - EV/revenue and EBITDA cross-check

Sources

1. September 30 Modeledge reference EVER price $20.06, refreshed 2026-09-30T15:27:35.046703-06:00. This quote refresh changes market-relative outputs; any intrinsic effects are separately explained. For USAU only, the existing financing-price formula mechanically links valuation to price. (accessed 2026-09-30)
2. September 30 shares rose 6.08% to $20.06. Company-specific filing/transcript and web checks found no verified new issuer guidance, acquisition or quantified catalyst explaining the move. Retain 2027 revenue $925M, EBITDA margin 15.5%, blended 0.85x sales/6x EBITDA method, $192.318M cash, no debt and 36.159M shares. No intrinsic revision from price alone or unquantified AI-channel speculation. — investors.everquote.com (accessed 2026-09-30)
3. September 23 price fell 9.82%. Contemporaneous financial reporting attributed weakness across internet intermediaries to AI-agent disintermediation concerns. Meta's September 8 Muse launch verifies agent capabilities, not a quantified EverQuote revenue or conversion loss. No new issuer guidance cut identified; retain $925M FY2027 revenue, 15.5% EBITDA margin and existing multiples, with competitive conversion/customer-acquisition economics flagged for the next results. Sector attribution remains a hypothesis rather than established company-specific causation. Historical source review incomplete. — about.fb.com (accessed 2026-09-23)
4. September 23 reference EVER price $17.63; quote timestamp 2026-09-23T15:21:17.678658-06:00. Market price alone does not change operating value. (accessed 2026-09-23)
5. Q2 2026 revenue was $195.1M, adjusted EBITDA was $30.1M, operating cash flow was $24.3M, cash was $192.3M, and the company had no outstanding debt. — investors.everquote.com
6. Q3 2026 outlook was revenue of $198M-$208M and adjusted EBITDA of $28M-$31M. — investors.everquote.com
7. Prepared remarks reiterated a healthy carrier demand environment, continued confidence in the path to $1B of annual revenue, and second-half investment in AI-first products. — s25.q4cdn.com
8. The Q2 2026 Form 10-Q provides the quarterly financial statements and diluted weighted average share count used for the model. — sec.gov
9. Current price is the tracked valuation quote available to the worker as of 2026-08-06.
10. August 13 conference reiterated carrier demand and Q3 growth, with normal Q4 sequential growth potentially below the unusual 2025 budget flush. The $1B revenue ambition remains non-period-specific; retained FY2027 revenue $925M and 15.5% adjusted EBITDA margin. — modeledge.ai (accessed 2026-09-09)