Porch Group, Inc. (PRCH)
Porch Group, Inc. functions as a technology company, delivering a comprehensive software platform across both the United States and Canada. Its business model is structured around two core segments: Vertical Software and Insurance. The Vertical Software division furnishes specialized software solutions and a range of services tailored for companies in the home services industry. It also facilitates early connections and resources for both prospective and current homeowners. This segment's clientele spans various entities, including home service professionals (such as inspectors), consumers (homebuyers and existing homeowners), and diverse service providers covering moving, insurance, home warranty, security, and telecommunication services. Noteworthy brands within this segment include Floify, HireAHelper, ISN, iRoofing, Palm-Tech, Porch.com, Rynoh, and V12. Conversely, the Insurance segment specializes in providing property-related insurance policies. This is achieved through its proprietary risk-bearing insurance carrier, an independent agency network, and its own home warranty underwriting entity. Key brands associated with this segment are American Home Protect, Elite Insurance Group, and Homeowners of America. Beyond these primary segments, Porch Group also offers a spectrum of additional insurance products, encompassing property and casualty, residential, automotive, flood, and umbrella coverage, in addition to various services for contractors. The company was established in 2011 and maintains its corporate headquarters in Seattle, Washington.
Sector: Accident & Health Insurance
Industry: Insurance - Property & Casualty
Porch Group, Inc.
NASDAQ:PRCHFinancial Services · Insurance - Property & Casualty
-1.17%$17.73
AH Close$17.69-0.23%vs close
AH Close$17.69-0.23%vs close
Mkt Cap$2.34B
Float98.68M
O/S131.83M
Inst Own65.7%
SI16.7%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$482.41M
Net Income$15.32M
Total Assets$797.42M
Free Cash Flow$52.06M
Debt & Equity
Debt 107%
Total Debt$392.83M
Total Equity-$24.62M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in PRCH's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$797.42M
Liabilities$775.04M
Accounts Receivable$11.31M
Accounts Payable$4.05M
Inventory$0
PP&E (Net)$27.61M
Goodwill$191.91M
Intangible Assets$30.49M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Revenue | $482.41M | $437.85M | $430.3M | $275.95M | $192.43M | $72.3M | $77.59M | $54.14M |
| YoY Growth | 10.2% | 1.8% | 55.9% | 43.4% | 166.2% | -6.8% | 43.3% | - |
| Cost of Revenue | $142.42M | $225.63M | $220.24M | $107.58M | $58.73M | $17.56M | $21.5M | $15.34M |
| Gross Profit | $339.99M | $212.22M | $210.06M | $168.37M | $133.71M | $54.74M | $56.09M | $38.8M |
| Gross Margin | 70.5% | 48.5% | 48.8% | 61.0% | 69.5% | 75.7% | 72.3% | 71.7% |
| Research and Development | $53.32M | $55.27M | $58.5M | $59.56M | $47.01M | $28.55M | $30.99M | $24.17M |
| Selling, General, and Administrative | $250.1M | $221.28M | $247.5M | $223.66M | $169.01M | $69.86M | $108.23M | $63.88M |
| Other | $0 | $239K | $94.41M | $62.19M | $1.05M | -$1.44M | $4.99M | $0 |
| Total Operating Expenses | $303.42M | $276.79M | $400.41M | $345.42M | $217.07M | $96.97M | $144.22M | $85.57M |
| Operating Income (EBIT) | $36.57M | -$64.57M | -$190.35M | -$177.05M | -$83.36M | -$42.23M | -$88.12M | -$49.26M |
| Operating Margin | 7.6% | -14.7% | -44.2% | -64.2% | -43.3% | -58.4% | -113.6% | -91.0% |
| Interest Expense | $51.57M | $42.54M | $31.83M | $8.72M | $5.76M | $14.73M | $7.13M | $0 |
| Interest Income | $0 | $1.75M | $3.9M | $717K | $33K | $0 | $0 | $3.71M |
| Other Income (Expense) | -$9.84M | $33.86M | $57.04M | $21.33M | -$33.51M | -$13.49M | -$15.1M | -$1.22M |
| Income Before Tax (EBT) | $26.73M | -$30.71M | -$133.31M | -$155.72M | -$116.88M | -$55.72M | -$103.22M | -$50.48M |
| Income Tax Expense | $11.42M | $2.12M | $622K | $842K | -$10.27M | -$1.69M | $96K | -$558K |
| Net Income | $15.32M | -$32.83M | -$133.93M | -$156.56M | -$106.61M | -$54.03M | -$103.32M | -$49.92M |
| Net Income Margin | 3.2% | -7.5% | -31.1% | -56.7% | -55.4% | -74.7% | -133.2% | -92.2% |
| Supplementary Data | ||||||||
| EPS | -0.03 | -0.33 | -1.39 | -1.61 | -1.16 | -0.63 | -4.79 | -2.59 |
| Diluted EPS | -0.03 | -0.33 | -1.39 | -1.61 | -1.16 | -0.63 | -4.79 | -2.59 |
| Weighted Average OS | 103.69M | 99.58M | 96.06M | 97.35M | 93.88M | 81.48M | 21.56M | 19.27M |
| EBITDA | $98.92M | $37.35M | -$77.07M | -$119.06M | -$94.74M | -$34.34M | -$88.71M | -$43.8M |
| EBITDA Margin | 20.5% | 8.5% | -17.9% | -43.1% | -49.2% | -47.5% | -114.3% | -80.9% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Assets | ||||||||
| Current Assets | ||||||||
| Cash and Cash Equivalents | $53.18M | $167.64M | $258.42M | $215.06M | $315.74M | $196.05M | $4.18M | $4.24M |
| Short-Term Investments | $12.62M | $24.1M | $35.59M | $36.52M | $9.25M | $0 | $0 | $0 |
| Cash and Short-Term Investments | $65.8M | $191.74M | $294.01M | $251.58M | $324.99M | $196.05M | $4.18M | $4.24M |
| Accounts Receivable | $11.31M | $111.41M | $107.87M | $324.5M | $257.18M | $4.27M | $4.71M | $2.45M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $721K | $61.98M | $79.2M | $33.55M | $8.55M | $11.41M | $0 | $3.48M |
| Total Current Assets | $88.21M | $365.13M | $481.08M | $609.63M | $605.06M | $215.8M | $10.17M | $10.16M |
| Long-Term Assets | ||||||||
| Property, Plant & Equipment Net | $27.61M | $22.54M | $20.07M | $12.24M | $11.17M | $4.59M | $6.66M | $6.74M |
| Goodwill | $191.91M | $191.91M | $191.91M | $244.7M | $225.76M | $28.29M | $18.27M | $21.3M |
| Intangible Assets | $30.49M | $68.75M | $87.22M | $108.25M | $129.72M | $15.96M | $9.83M | $14.7M |
| Long-Term Investments | $55.41M | $158.65M | $103.59M | $55.12M | $58.32M | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $403.8M | $6.99M | $15.53M | $18.11M | $8.71M | $3.74M | $3.53M | $3.7M |
| Total Long-Term Assets | $709.22M | $448.84M | $418.31M | $438.42M | $433.68M | $52.59M | $38.29M | $46.43M |
| Other Assets | $0 | $0 | $0 | $1M | $0 | $0 | $0 | $0 |
| Total Assets | $797.42M | $813.97M | $899.39M | $1.05B | $1.04B | $268.39M | $48.47M | $56.6M |
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts Payable | $4.05M | $4.54M | $8.76M | $6.27M | $6.96M | $9.2M | $4.81M | $2.34M |
| Short-Term Debt | $7.77M | $150K | $244K | $16.45M | $150K | $4.75M | $20.46M | $48.8M |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $261.3M | $248.68M | $290.83M | $216.36M | $5.21M | $3.33M | $0 |
| Other Current Liabilities | -$6.75M | $81.93M | $129.28M | $111.15M | $101.97M | $2.66M | $11.79M | $24.51M |
| Total Current Liabilities | $67.78M | $414.16M | $462.15M | $515.64M | $363.12M | $31.73M | $57.46M | $75.66M |
| Long-Term Liabilities | ||||||||
| Long-Term Debt | $385.06M | $403.79M | $435.5M | $425.31M | $414.58M | $43.24M | $40.66M | $9.68M |
| Long-Term Unearned Revenue | $219.56M | $0 | $0 | $0 | $0 | $529K | $3.11M | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $102.64M | $39.25M | $37.43M | $26.22M | $41.3M | $85.57M | $7.22M | $2.1M |
| Total Long-Term Liabilities | $707.25M | $443.04M | $472.92M | $454.06M | $458.58M | $129.34M | $50.98M | $11.78M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $775.04M | $857.19M | $935.08M | $969.7M | $821.7M | $161.06M | $108.45M | $87.44M |
| Stockholders' Equity | ||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $119M |
| Common Stock | $11K | $10K | $10K | $10K | $10K | $8K | $3K | $205K |
| Retained Earnings | -$648.27M | -$754.86M | -$722.06M | -$585.02M | -$424.11M | -$317.51M | -$263.47M | -$160.66M |
| Comprehensive Income & Other | $642K | -$5.45M | -$3.86M | -$6.17M | -$259K | $0 | $0 | $0 |
| Other Stockholders' Equity | $623.64M | $711.62M | $686.36M | $664.37M | $641.15M | $424.82M | $203.49M | $129.62M |
| Total Equity | -$24.62M | -$43.23M | -$35.68M | $79.35M | $217.04M | $107.33M | -$59.98M | -$30.84M |
| Minority Interest | $47.01M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $750.42M | $813.97M | $899.39M | $1.05B | $1.04B | $268.39M | $48.47M | $56.6M |
| Supplementary Data | ||||||||
| Total Debt | $392.83M | $403.94M | $435.74M | $444.3M | $417.43M | $47.98M | $61.12M | $58.48M |
| Net Debt | $339.65M | $236.29M | $177.32M | $229.24M | $101.69M | -$148.06M | $56.94M | $54.25M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Operating Activities | ||||||||
| Net Income | -$3.36M | -$32.83M | -$133.93M | -$156.56M | -$106.61M | -$54.03M | -$103.32M | -$49.92M |
| Depreciation & Amortization | $20.62M | $25.52M | $24.41M | $27.93M | $16.39M | $6.64M | $7.38M | $5.46M |
| Deferred Income Tax | $0 | $0 | $0 | -$287K | $1.86M | $0 | $29K | $0 |
| Stock-Based Compensation | $28.95M | $27.18M | $20.71M | $27.04M | $0 | $11.3M | $35.97M | $5.17M |
| Changes in Working Capital: | ||||||||
| Accounts Receivable | $48.07M | -$155K | $180.47M | -$75.53M | -$18.25M | -$3.16M | -$1.84M | -$226K |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | -$162K | -$4.22M | $2.49M | -$697K | -$11.78M | $4.09M | $2.36M | $0 |
| Other Working Capital | -$66.14M | -$23.62M | -$94.09M | $113.39M | $13.99M | -$17.43M | $12.65M | $8.38M |
| Total Working Capital Change | -$18.23M | -$28M | $88.87M | $37.16M | -$16.04M | -$16.5M | $13.17M | $8.15M |
| Other Non-Cash Items | $38.44M | -$23.56M | $33.87M | $46.97M | $69.62M | $3.92M | $17.43M | $613K |
| Net Cash from Operating | $66.42M | -$31.68M | $33.93M | -$17.74M | -$34.78M | -$48.67M | -$29.34M | -$30.52M |
| Investing Activities | ||||||||
| Capital Expenditures | -$14.36M | -$523K | -$851K | -$2.35M | -$4.69M | -$279K | -$478K | -$761K |
| Acquisitions | $1.22M | $0 | -$1.97M | -$38.63M | -$256.43M | -$7.79M | -$634K | -$2.68M |
| Purchases of Investments | -$58.78M | -$110.92M | -$91.02M | -$52.51M | -$24.01M | $0 | $0 | $0 |
| Sales of Investments | $89.56M | $67.79M | $46.83M | $21.91M | $21.69M | $0 | $0 | $0 |
| Other Investing Activities | -$89.56M | -$1.4M | -$9.24M | -$8.1M | $0 | -$2.6M | -$4.1M | -$4.11M |
| Net Cash from Investing | -$71.92M | -$45.06M | -$56.25M | -$79.68M | -$263.43M | -$10.67M | -$5.21M | -$7.55M |
| Financing Activities | ||||||||
| Debt Repaid | $17.16M | $23.37M | -$106.52M | -$4.85M | -$366.57M | $15.45M | -$31.1M | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $131.03M | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | -$5.61M | -$1.81M | $0 | -$42K | $0 | -$250K |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | -$30M | $0 | $0 |
| Other Financing Activities | -$5M | -$339K | -$9.96M | -$6.81M | -$82.05M | $300.39M | $114K | $35.75M |
| Net Cash from Financing | -$22.17M | -$23.71M | $90.95M | $1.23M | $415.55M | $259.61M | $34.49M | $35.75M |
| Forex Effect | -$115.93M | $0 | $0 | $0 | -$500K | $0 | $0 | $0 |
| Net Change in Cash | -$143.6M | -$100.45M | $68.63M | -$96.19M | $116.84M | $200.27M | -$57K | -$2.32M |
| Supplementary Data | ||||||||
| Operating Cash Flow | $66.42M | -$31.68M | $33.93M | -$17.74M | -$34.78M | -$48.67M | -$29.34M | -$30.52M |
| Capital Expenditure | -$14.36M | -$523K | -$10.1M | -$10.45M | -$4.69M | -$2.88M | -$4.57M | -$761K |
| Free Cash Flow | $52.06M | -$32.2M | $23.83M | -$28.19M | -$39.47M | -$51.55M | -$33.91M | -$31.28M |
| Cash at Beginning | $196.78M | $297.23M | $228.6M | $324.79M | $207.45M | $7.18M | $7.24M | $9.56M |
| Cash at End | $53.18M | $196.78M | $297.23M | $228.6M | $324.29M | $207.45M | $7.18M | $7.24M |