HIGHBuilt-inProduct / Revenue mix
91%
automotive insurance revenue
“10-K Item 1A: 'Revenue from automotive insurance providers accounted for 91% and 89% of our total revenue for 2025 and 2024, respectively.'”
EVER · Concentration risk · 10-K extracted
EverQuote (EVER) concentration risks
Updated
The most significant concentration EverQuote discloses is automotive insurance revenue at 91%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: EverQuote’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 4 disclosed concentrations
HIGH1
MEDIUM2
LOW1
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMOutside partyCustomer
38%
largest insurance carrier customer
“10-K Item 1A: 'Revenue from our two largest insurance carrier customers was 38% and 11%, respectively, of our revenue for the year ended December 31, 2025.'”
MEDIUMOutside partySupplier
third-party publisher traffic
“10-K Item 1A: 'A significant portion of our revenue is attributable to visitor traffic originating from third-party publishers.'”
LOWOutside partyCustomer
11%
second-largest insurance carrier customer
“10-K Item 1A: 'Revenue from our two largest insurance carrier customers was 38% and 11%, respectively, of our revenue for the year ended December 31, 2025.'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-07-06EverQuote's concentration risk is layered across product mix, customer base, and traffic sourcing. Revenue from automotive insurance providers accounted for 91% and 89% of total revenue in 2025 and 2024, respectively — a structural feature disclosed at a high share, meaning the business is overwhelmingly a single-vertical model. Within that vertical, customer concentration compounds the exposure: the two largest insurance carrier customers contributed 38% and 11% of revenue for the year ended December 31, 2025, the larger at a medium disclosed share and the smaller at a low share. On the supply side, a significant portion of revenue is attributable to visitor traffic originating from third-party publishers, also a medium-share dependency — EverQuote doesn't fully control its own demand generation either. These exposures reinforce rather than offset each other: a business concentrated in one insurance vertical also depends on a small number of carrier customers within it and on third-party traffic to reach consumers at all. This stacked profile — product, customer, and traffic source all concentrated — is the kind of combination that could meaningfully move a verdict if any single leg weakens.
For the engine’s reasoning on EVER’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Internet Content & Information
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| GOOG | Alphabet Inc. | 2 | 0 | 0 | 2 |
| GOOGL | Alphabet Inc. | 2 | 0 | 0 | 2 |
| EVER● | EverQuote, Inc. | 1 | 2 | 1 | 4 |
| BMBL | Bumble Inc. | 1 | 0 | 0 | 1 |
| CARS | Cars.com Inc. | 0 | 1 | 0 | 1 |
| DJT | Trump Media & Technology Group | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.