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Side-by-side financial comparison of EverQuote, Inc. (EVER) and Upstart Holdings, Inc. (UPST). Click either name above to swap in a different company.
Upstart Holdings, Inc. is the larger business by last-quarter revenue ($296.1M vs $195.3M, roughly 1.5× EverQuote, Inc.). EverQuote, Inc. runs the higher net margin — 29.6% vs 6.3%, a 23.3% gap on every dollar of revenue. On growth, Upstart Holdings, Inc. posted the faster year-over-year revenue change (35.2% vs 32.5%). Over the past eight quarters, Upstart Holdings, Inc.'s revenue compounded faster (52.2% CAGR vs 29.1%).
EverQuote, Inc. is an online insurance marketplace founded in 2011 and based in Cambridge, Massachusetts.
Upstart is an AI lending platform that partners with banks and credit unions to provide consumer loans using non-traditional variables, such as education and employment, to predict creditworthiness.
EVER vs UPST — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $195.3M | $296.1M |
| Net Profit | $57.8M | $18.6M |
| Gross Margin | 97.7% | — |
| Operating Margin | 9.5% | 6.4% |
| Net Margin | 29.6% | 6.3% |
| Revenue YoY | 32.5% | 35.2% |
| Net Profit YoY | 369.3% | 776.4% |
| EPS (diluted) | $1.54 | $0.20 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $195.3M | — | ||
| Q4 25 | $195.3M | $296.1M | ||
| Q3 25 | $173.9M | $277.1M | ||
| Q2 25 | $156.6M | $257.3M | ||
| Q1 25 | $166.6M | $213.4M | ||
| Q4 24 | $147.5M | $219.0M | ||
| Q3 24 | $144.5M | $162.1M | ||
| Q2 24 | $117.1M | $127.6M |
| Q1 26 | $57.8M | — | ||
| Q4 25 | $57.8M | $18.6M | ||
| Q3 25 | $18.9M | $31.8M | ||
| Q2 25 | $14.7M | $5.6M | ||
| Q1 25 | $8.0M | $-2.4M | ||
| Q4 24 | $12.3M | $-2.8M | ||
| Q3 24 | $11.6M | $-6.8M | ||
| Q2 24 | $6.4M | $-54.5M |
| Q1 26 | 97.7% | — | ||
| Q4 25 | 97.7% | — | ||
| Q3 25 | 97.3% | — | ||
| Q2 25 | 96.9% | — | ||
| Q1 25 | 96.8% | — | ||
| Q4 24 | 96.3% | — | ||
| Q3 24 | 96.2% | — | ||
| Q2 24 | 95.7% | — |
| Q1 26 | 9.5% | — | ||
| Q4 25 | 9.5% | 6.4% | ||
| Q3 25 | 10.1% | 8.5% | ||
| Q2 25 | 9.0% | 1.8% | ||
| Q1 25 | 4.8% | -2.1% | ||
| Q4 24 | 8.2% | -2.2% | ||
| Q3 24 | 8.1% | -27.8% | ||
| Q2 24 | 5.4% | -43.5% |
| Q1 26 | 29.6% | — | ||
| Q4 25 | 29.6% | 6.3% | ||
| Q3 25 | 10.8% | 11.5% | ||
| Q2 25 | 9.4% | 2.2% | ||
| Q1 25 | 4.8% | -1.1% | ||
| Q4 24 | 8.3% | -1.3% | ||
| Q3 24 | 8.0% | -4.2% | ||
| Q2 24 | 5.5% | -42.7% |
| Q1 26 | $1.54 | — | ||
| Q4 25 | $1.53 | $0.20 | ||
| Q3 25 | $0.50 | $0.23 | ||
| Q2 25 | $0.39 | $0.05 | ||
| Q1 25 | $0.21 | $-0.03 | ||
| Q4 24 | $0.35 | $-0.01 | ||
| Q3 24 | $0.31 | $-0.07 | ||
| Q2 24 | $0.17 | $-0.62 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $171.4M | $652.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $238.0M | $798.8M |
| Total Assets | $326.9M | $3.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $171.4M | — | ||
| Q4 25 | $171.4M | $652.4M | ||
| Q3 25 | $145.8M | $489.8M | ||
| Q2 25 | $148.2M | $395.9M | ||
| Q1 25 | $125.0M | $599.8M | ||
| Q4 24 | $102.1M | $788.4M | ||
| Q3 24 | $82.8M | — | ||
| Q2 24 | $60.9M | — |
| Q1 26 | $238.0M | — | ||
| Q4 25 | $238.0M | $798.8M | ||
| Q3 25 | $174.9M | $743.7M | ||
| Q2 25 | $170.3M | $722.0M | ||
| Q1 25 | $149.5M | $676.6M | ||
| Q4 24 | $135.4M | $633.2M | ||
| Q3 24 | $117.7M | $595.5M | ||
| Q2 24 | $100.8M | $594.7M |
| Q1 26 | $326.9M | — | ||
| Q4 25 | $326.9M | $3.0B | ||
| Q3 25 | $256.1M | $2.9B | ||
| Q2 25 | $241.4M | $2.5B | ||
| Q1 25 | $232.1M | $2.3B | ||
| Q4 24 | $210.5M | $2.4B | ||
| Q3 24 | $180.5M | $1.8B | ||
| Q2 24 | $158.0M | $1.8B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $27.0M | $108.6M |
| Free Cash FlowOCF − Capex | — | $108.4M |
| FCF MarginFCF / Revenue | — | 36.6% |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | 0.47× | 5.82× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $27.0M | — | ||
| Q4 25 | $27.0M | $108.6M | ||
| Q3 25 | $19.8M | $-122.6M | ||
| Q2 25 | $25.3M | $-120.2M | ||
| Q1 25 | $23.3M | $-13.5M | ||
| Q4 24 | $20.1M | $-110.9M | ||
| Q3 24 | $23.6M | $179.3M | ||
| Q2 24 | $12.4M | $65.3M |
| Q1 26 | — | — | ||
| Q4 25 | $25.8M | $108.4M | ||
| Q3 25 | $18.5M | $-122.7M | ||
| Q2 25 | $23.8M | $-120.3M | ||
| Q1 25 | $22.2M | — | ||
| Q4 24 | $19.1M | — | ||
| Q3 24 | $22.1M | $179.2M | ||
| Q2 24 | $11.5M | $65.3M |
| Q1 26 | — | — | ||
| Q4 25 | 13.2% | 36.6% | ||
| Q3 25 | 10.6% | -44.3% | ||
| Q2 25 | 15.2% | -46.7% | ||
| Q1 25 | 13.3% | — | ||
| Q4 24 | 13.0% | — | ||
| Q3 24 | 15.3% | 110.5% | ||
| Q2 24 | 9.8% | 51.1% |
| Q1 26 | — | — | ||
| Q4 25 | 0.6% | 0.1% | ||
| Q3 25 | 0.7% | 0.0% | ||
| Q2 25 | 0.9% | 0.0% | ||
| Q1 25 | 0.7% | 0.0% | ||
| Q4 24 | 0.7% | 0.0% | ||
| Q3 24 | 1.0% | 0.1% | ||
| Q2 24 | 0.7% | 0.0% |
| Q1 26 | 0.47× | — | ||
| Q4 25 | 0.47× | 5.82× | ||
| Q3 25 | 1.05× | -3.86× | ||
| Q2 25 | 1.72× | -21.43× | ||
| Q1 25 | 2.92× | — | ||
| Q4 24 | 1.64× | — | ||
| Q3 24 | 2.04× | — | ||
| Q2 24 | 1.93× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EVER
| Automotive | $179.9M | 92% |
| Home and renters | $15.4M | 8% |
UPST
| Personal Lending Segment | $201.4M | 68% |
| Servicing Fees Net | $39.5M | 13% |
| Servicing Fees | $27.5M | 9% |
| Other | $15.7M | 5% |
| Borrower Fees | $8.4M | 3% |
| Collection Agency Fees | $3.5M | 1% |
