Forensic Analysis · Technology / Software · as of Aug 11, 2026
Everquote, Inc. (EVER)
A forensic read on Everquote, Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
C · Mixed — selective
Forensic grade
Safe
Financial health
14.4
Distress distance
Clean
Earnings quality
3
Forensic signals
8.1
P / E (ttm)
41.7%
ROE
$902M
Market cap
38.5%
Revenue growth
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Everquote, Inc. earns a C (Mixed — selective) forensic quality grade, and its balance-sheet distress test reads 14.4, placing it in the Safe zone. 3 forensic signals were flagged in its latest SEC filings, led by accruals ratio (% of noa).
What the filings flag
+66.9%
FY2024→FY2025
Accruals ratio (% of NOA).Net operating assets grew +66.9% relative to their own average in FY2025 — scaled by NOA itself, not total assets (see the Forensic Screens card's differently-scaled Sloan Accrual Ratio for that read). Accruals are building sharply — a large slice of profit sits in operating assets, not cash; Richardson/Sloan link high accruals to weaker future returns as they reverse. The build is led by receivables up +23% against revenue +38%. The cash-flow cross-check agrees: reported earnings ran ahead of operating cash by 8% of net operating assets.
n/m (stock split)
FY2022–FY2025
Share count (stock split).Diluted share count changed +119322% over the last 3 years to FY2025, but that includes a large one-time change around FY2023 consistent with a stock split or reverse split, not gradual buybacks or issuance — a split changes the count with NO effect on any holder's proportional ownership, so the raw +961.0%/yr figure isn't a real buyback/dilution read here.
4% of rev
FY2025
Stock-based comp load.Stock-based compensation ran 4% of revenue and 27% of free cash flow in FY2025 — about $0.64 per diluted share. The cost of it is not in the cash flow — no cash left the business — it is in the count, and there it has run at about 7.2% a year and is falling.
Key fundamentals
Latest Revenue$692.5M
Revenue Growth YoY+38.5%
Revenue CAGR (3yr)+19.7%
Net Margin14.3%
Free Cash Flow$90.3M
Return on Equity41.7%
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Everquote, Inc.'s actual 10-K/10-Q/8-K filings?