EverQuote Inc
For the period ended Sep 30, 2024. Filed Nov 5, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 5, 2024
EVER$28.03-1.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
(In thousands)
| Nine Months Ended September 30, | |||
|---|---|---|---|
| 2024 · 2023 | |||
| Cash flows from operating activities: | |||
| Net income (loss) | $19,863 | $(44,939) | |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | |||
| Depreciation and amortization expense | 4,117 | 5,121 | |
| Stock-based compensation expense | 15,304 | 19,283 | |
| Loss on sale of health assets | 19,388 | ||
| Impairment of right-of-use asset | 384 | ||
| Change in fair value of contingent consideration liabilities | — | (150) | |
| Provision for bad debt | 16 | 186 | |
| Unrealized foreign currency transaction (gains) losses | 56 | (1) | |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (27,079) | 7,267 | |
| Prepaid expenses and other current assets | 312 | 2,637 | |
| Commissions receivable, current and non-current | 3,722 | 2,611 | |
| Operating lease right-of-use assets | 1,842 | 2,006 | |
| Other assets | (291) | 36 | |
| Accounts payable | 29,703 | (10,029) | |
| Accrued expenses and other current liabilities | 1,113 | (3,522) | |
| Deferred revenue | (93) | 34 | |
| Operating lease liabilities | (2,153) | (2,348) | |
| Net cash provided by (used in) operating activities | 46,432 | (2,036) | |
| Cash flows from investing activities: | |||
| Acquisition of property and equipment, including costs capitalized for development of internal-use software | (3,111) | (2,988) | |
| Proceeds from sale of health assets | — | 13,194 | |
| Net cash provided by (used in) investing activities | (3,111) | 10,206 | |
| Cash flows from financing activities: | |||
| Proceeds from exercise of stock options | 2,902 | 340 | |
| Tax withholding payments related to net share settlement | (1,350) | (299) | |
| Net cash provided by financing activities | 1,552 | 41 | |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 12 | 3 | |
| Net increase in cash, cash equivalents and restricted cash | 44,885 | 8,214 | |
| Cash, cash equivalents and restricted cash at beginning of period | 37,956 | 30,835 | |
| Cash, cash equivalents and restricted cash at end of period | $82,841 | $39,049 | |
| Supplemental disclosure of non-cash investing information: | |||
| Acquisition of property and equipment included in accounts payable and accrued expenses and other current liabilities | $110 | $69 | |
| Operating lease liabilities arising from obtaining right-of-use assets | $4,026 | $— | |
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