NASDAQ : PRCH
Porch Group, Inc. — Financial statements
Financials · Insurance - Property & Casualty · United States
Last price 20.89 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 2.39B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Porch Group, Inc. (PRCH) reported revenue of 530.17M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 530.17M | 482.41M | 437.85M | 430.30M | 275.95M | 192.43M |
| Cost of Revenue | 148.14M | 142.42M | 235.92M | 229.41M | 107.58M | 58.73M |
| Gross Profit | 382.03M | 339.99M | 201.93M | 200.90M | 168.37M | 133.71M |
| Selling, General & Admin | 277.23M | 244.82M | 221.56M | 251.04M | 214.62M | 165.86M |
| Research & Development | 57.28M | 53.32M | 48.14M | 51.46M | 58.97M | 46.45M |
| Operating Expenses | 339.83M | 303.46M | 269.94M | 339.68M | 274.39M | 213.37M |
| Operating Income | 42.20M | 36.53M | -68.01M | -138.79M | -106.02M | -79.66M |
| Interest Expense | -58.81M | -51.57M | -42.54M | -31.83M | -8.72M | -5.76M |
| Interest & Investment Income | 14.91M | 13.32M | 15.44M | 12.18M | 1.89M | 734.00K |
| Other Non Operating Income (Expenses) | 11.45M | 28.02M | 23.92M | -4.71M | 14.34M | -15.08M |
| EBT Excluding Unusual Items | 9.74M | 26.30M | -71.19M | -163.14M | -98.51M | -99.76M |
| Merger & Restructuring Charges | -2.10M | -5.40M | ||||
| Gain (Loss) on Sale of Assets | -5.33M | |||||
| Asset Writedown | -57.23M | -61.99M | -550.00K | |||
| Other Unusual Items | 47.00K | 439.00K | 45.81M | 87.06M | 6.88M | -11.16M |
| Pretax Income | 9.79M | 26.73M | -30.71M | -133.31M | -155.72M | -116.88M |
| Income Tax Expense | 8.67M | 11.42M | 2.12M | 622.00K | 842.00K | -10.27M |
| Earnings From Continuing Operations | 1.12M | 15.32M | -32.83M | -133.93M | -156.56M | -106.61M |
| Minority Interest in Earnings | 8.48M | -18.68M | ||||
| Net Income | 9.60M | -3.36M | -32.83M | -133.93M | -156.56M | -106.61M |
| Net Income to Common | 9.60M | -3.36M | -32.83M | -133.93M | -156.56M | -106.61M |
| Shares Outstanding (Basic) | 109.08M | 103.69M | 99.58M | 96.06M | 97.35M | 93.89M |
| Shares Outstanding (Diluted) | 109.08M | 103.69M | 99.58M | 96.06M | 97.35M | 93.89M |
| EPS (Basic) | 0.09 | -0.03 | -0.33 | -1.39 | -1.61 | -1.14 |
| EPS (Diluted) | 0.09 | -0.03 | -0.33 | -1.39 | -1.61 | -1.14 |
| Free Cash Flow | 114.00M | 65.97M | -32.20M | 33.08M | -20.09M | -35.75M |
| Free Cash Flow Per Share | 1.04 | 0.64 | -0.32 | 0.34 | -0.21 | -0.38 |
| Gross Margin | 72.06% | 70.48% | 46.12% | 46.69% | 61.02% | 69.48% |
| Operating Margin | 7.96% | 7.57% | -15.53% | -32.25% | -38.42% | -41.40% |
| Profit Margin | 1.81% | -0.70% | -7.50% | -31.13% | -56.73% | -55.40% |
| Free Cash Flow Margin | 21.50% | 13.67% | -7.36% | 7.69% | -7.28% | -18.58% |
| EBITDA | 70.23M | 60.99M | -42.49M | -114.37M | -78.09M | -63.27M |
| EBITDA Margin | 13.25% | 12.64% | -9.70% | -26.58% | -28.30% | -32.88% |
| D&A For EBITDA | 28.03M | 24.47M | 25.52M | 24.41M | 27.93M | 16.39M |
| EBIT | 42.20M | 36.53M | -68.01M | -138.79M | -106.02M | -79.66M |
| EBIT Margin | 7.96% | 7.57% | -15.53% | -32.25% | -38.42% | -41.40% |
| Effective Tax Rate | 88.60% | 42.70% | ||||
| Advertising Expenses | 19.30M | 13.90M | 13.50M | 13.50M | 3.60M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 222.86M | 160.05M | 167.64M | 258.42M | 215.06M | 315.74M |
| Short-Term Investments | 25.32M | 20.28M | 24.10M | 35.59M | 35.82M | 7.95M |
| Cash & Short-Term Investments | 248.18M | 180.33M | 191.74M | 294.01M | 250.88M | 323.69M |
| Accounts Receivable | 26.02M | 20.36M | 19.11M | 24.29M | 26.44M | 28.77M |
| Other Receivables | -427.00K | 3.41M | 7.11M | |||
| Receivables | 25.59M | 23.77M | 26.22M | 24.29M | 26.44M | 28.77M |
| Prepaid Expenses | 18.28M | 10.19M | 8.39M | 12.81M | 11.29M | 10.24M |
| Restricted Cash | 7.68M | 9.06M | 29.14M | 38.81M | 13.54M | 8.55M |
| Other Current Assets | 7.62M | 39.11M | 109.64M | 111.16M | 308.48M | 233.82M |
| Total Current Assets | 307.35M | 262.46M | 365.13M | 481.08M | 610.63M | 605.06M |
| Property, Plant & Equipment | 31.14M | 29.39M | 24.75M | 20.07M | 16.44M | 11.17M |
| Long-Term Investments | 242.14M | 222.19M | 156.25M | 101.59M | 53.12M | 56.12M |
| Goodwill | 191.91M | 191.91M | 191.91M | 191.91M | 244.70M | 225.76M |
| Other Intangible Assets | 40.84M | 53.81M | 68.75M | 87.22M | 108.25M | 129.72M |
| Long-Term Accounts Receivable | 3.20M | 12.27M | ||||
| Long-Term Deferred Charges | 42.86M | 27.21M | 1.00M | 300.00K | ||
| Other Long-Term Assets | 7.04M | 10.46M | 6.18M | 17.53M | 3.65M | 10.61M |
| Total Assets | 866.49M | 797.42M | 813.97M | 899.39M | 1.05B | 1.04B |
| Accounts Payable | 8.12M | 17.88M | 4.54M | 8.76M | 6.27M | 6.96M |
| Accrued Expenses | 67.37M | 47.98M | 42.95M | 63.02M | 59.92M | 46.74M |
| Current Portion of Long-Term Debt | 12.38M | 7.77M | 150.00K | 244.00K | 16.45M | 150.00K |
| Current Portion of Leases | 734.00K | 826.00K | 1.67M | 1.81M | 1.96M | |
| Current Unearned Revenue | 12.75M | 10.51M | 257.53M | 254.66M | 279.36M | 205.36M |
| Other Current Liabilities | 19.19M | 20.58M | 108.16M | 133.80M | 151.83M | 101.95M |
| Total Current Liabilities | 119.81M | 105.45M | 414.16M | 462.15M | 515.64M | 363.12M |
| Long-Term Debt | 391.88M | 385.06M | 403.79M | 435.50M | 425.31M | 414.58M |
| Long-Term Leases | 1.15M | 1.41M | 1.63M | 2.54M | 2.69M | |
| Long-Term Unearned Revenue | 255.79M | 221.57M | 2.43M | |||
| Long-Term Deferred Tax Liabilities | 2.62M | |||||
| Other Long-Term Liabilities | 69.33M | 59.18M | 35.40M | 35.80M | 26.22M | 41.30M |
| Total Liabilities | 836.80M | 775.04M | 857.19M | 935.08M | 969.70M | 821.70M |
| Common Stock | 11.00K | 11.00K | 10.00K | 10.00K | 10.00K | 10.00K |
| Additional Paid-In Capital | 648.06M | 623.00M | 717.07M | 690.22M | 670.54M | 641.41M |
| Retained Earnings | -637.70M | -648.27M | -754.86M | -722.06M | -585.02M | -424.11M |
| Comprehensive Income & Other | -2.83M | 642.00K | -5.45M | -3.86M | -6.17M | -259.00K |
| Total Common Equity | 7.54M | -24.62M | -43.23M | -35.68M | 79.35M | 217.04M |
| Minority Interest | 22.14M | 47.01M | ||||
| Shareholders' Equity | 29.68M | 22.39M | -43.23M | -35.68M | 79.35M | 217.04M |
| Total Liabilities & Equity | 866.49M | 797.42M | 813.97M | 899.39M | 1.05B | 1.04B |
| Total Debt | 404.25M | 394.71M | 406.18M | 439.04M | 446.11M | 419.39M |
| Net Cash (Debt) | -156.08M | -214.39M | -214.43M | -145.03M | -195.23M | -95.69M |
| Net Cash Per Share | -1.43 | -2.07 | -2.15 | -1.51 | -2.01 | -1.02 |
| Filing Date Shares Outstanding | 114.33M | 106.15M | 120.06M | 97.60M | 96.98M | 98.14M |
| Total Common Shares Outstanding | 113.61M | 105.81M | 101.46M | 97.06M | 98.46M | 97.96M |
| Working Capital | 187.54M | 157.00M | -49.03M | 18.93M | 95.00M | 241.94M |
| Book Value Per Share | 0.07 | -0.23 | -0.43 | -0.37 | 0.81 | 2.22 |
| Tangible Book Value | -225.21M | -270.34M | -303.88M | -314.81M | -273.60M | -138.44M |
| Tangible Book Value Per Share | -1.98 | -2.55 | -3.00 | -3.24 | -2.78 | -1.41 |
| Machinery | 670.00K | 641.00K | 1.47M | 1.57M | 2.12M | 2.01M |
| Leasehold Improvements | 402.00K | 392.00K | 928.00K | 1.18M | 1.18M | 2.19M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 9.60M | -3.36M | -32.83M | -133.93M | -156.56M | -106.61M |
| Depreciation & Amortization | 28.03M | 24.47M | 25.52M | 24.41M | 27.93M | 16.39M |
| Loss (Gain) From Sale of Assets | 5.33M | |||||
| Asset Writedown & Restructuring Costs | 57.23M | 61.39M | ||||
| Stock-Based Compensation | 35.38M | 28.95M | 27.18M | 20.71M | 27.04M | 38.59M |
| Provision & Write-off of Bad Debts | 5.44M | 5.33M | 239.00K | 37.18M | 805.00K | 1.05M |
| Other Operating Activities | 16.28M | 29.27M | -29.13M | -60.54M | -15.50M | 31.83M |
| Change in Accounts Receivable | -10.46M | -5.49M | -155.00K | 1.03M | -4.89M | -2.90M |
| Change in Accounts Payable | -3.57M | -162.00K | -4.22M | 2.49M | -697.00K | -11.78M |
| Change in Unearned Revenue | 37.61M | -24.98M | -437.00K | -21.58M | 66.25M | 53.56M |
| Change in Other Net Operating Assets | -3.30M | 12.40M | -23.18M | 106.93M | -23.51M | -54.91M |
| Operating Cash Flow | 115.01M | 66.42M | -31.68M | 33.93M | -17.74M | -34.78M |
| Capital Expenditures | -1.01M | -454.00K | -523.00K | -851.00K | -2.35M | -972.00K |
| Cash Acquisitions | -1.97M | -38.63M | -256.43M | |||
| Divestitures | 1.22M | 10.87M | ||||
| Sale (Purchase) of Intangibles | -15.40M | -13.91M | -12.27M | -9.24M | -8.10M | -3.72M |
| Investment in Securities | -48.98M | -58.78M | -43.14M | -44.18M | -30.60M | -2.31M |
| Investing Cash Flow | -65.39M | -71.92M | -45.06M | -56.25M | -79.68M | -263.43M |
| Long-Term Debt Issued | 51.00M | 116.99M | 33.64M | 413.54M | ||
| Long-Term Debt Repaid | -68.16M | -23.37M | -14.28M | -27.90M | -46.97M | |
| Net Debt Issued (Repaid) | -7.80M | -17.16M | -23.37M | 102.70M | 5.75M | 366.57M |
| Issuance of Common Stock | 126.74M | |||||
| Repurchase of Common Stock | -2.51M | -5.61M | -1.81M | -28.88M | ||
| Other Financing Activities | -1.57M | -5.00M | -339.00K | -6.14M | -2.71M | -48.89M |
| Financing Cash Flow | -11.88M | -22.17M | -23.71M | 90.95M | 1.23M | 415.55M |
| Net Cash Flow | 37.75M | -27.67M | -100.45M | 68.63M | -96.19M | 117.34M |
| Free Cash Flow | 114.00M | 65.97M | -32.20M | 33.08M | -20.09M | -35.75M |
| Free Cash Flow Margin | 21.50% | 13.67% | -7.36% | 7.69% | -7.28% | -18.58% |
| Free Cash Flow Per Share | 1.04 | 0.64 | -0.32 | 0.34 | -0.21 | -0.38 |
| Levered Free Cash Flow | 4.17M | -195.32M | -62.56M | 63.94M | 30.79M | 69.32M |
| Unlevered Free Cash Flow | 40.92M | -163.09M | -35.97M | 83.83M | 36.24M | 72.92M |
| Cash Interest Paid | 34.25M | 29.01M | 23.76M | 12.21M | 3.51M | 2.66M |
| Cash Income Tax Paid | 13.63M | 562.00K | 621.00K | -2.29M | -674.00K | |
| Change in Working Capital | 20.28M | -18.23M | -28.00M | 88.87M | 37.16M | -16.04M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.35B | 962.04M | 498.06M | 304.53M | 189.04M | 1.53B |
| Enterprise Value | 2.51B | 1.19B | 664.62M | 367.58M | 355.89M | 1.53B |
| Last Close Price | 20.56 | 9.13 | 4.92 | 3.08 | 1.88 | 15.59 |
| Forward PE | 143.48 | 295.56 | ||||
| PS Ratio | 4.43 | 1.99 | 1.14 | 0.71 | 0.69 | 7.95 |
| PB Ratio | 79.20 | 42.98 | -11.52 | -8.53 | 2.38 | 7.04 |
| P/FCF Ratio | 20.62 | 14.58 | 9.21 | |||
| P/OCF Ratio | 20.44 | 14.48 | 8.98 | |||
| EV/Sales Ratio | 4.73 | 2.46 | 1.52 | 0.85 | 1.29 | 7.93 |
| EV/EBITDA Ratio | 35.70 | 19.47 | ||||
| EV/EBIT Ratio | 59.41 | 32.51 | ||||
| EV/FCF Ratio | 21.99 | 18.00 | 11.11 | |||
| Debt / Equity Ratio | 13.62 | 17.63 | -9.40 | -12.30 | 5.62 | 1.93 |
| Debt / EBITDA Ratio | 5.65 | 6.33 | ||||
| Debt / FCF Ratio | 3.55 | 5.98 | 13.27 | |||
| Net Debt / Equity Ratio | 5.26 | 9.58 | -4.96 | -4.06 | 2.46 | 0.44 |
| Net Debt / EBITDA Ratio | 2.22 | 3.52 | -5.05 | -1.27 | -2.50 | -1.51 |
| Net Debt / FCF Ratio | 1.37 | 3.25 | -6.66 | 4.38 | -9.72 | -2.68 |
| Asset Turnover | 0.64 | 0.60 | 0.51 | 0.44 | 0.26 | 0.29 |
| Quick Ratio | 2.29 | 1.94 | 0.53 | 0.69 | 0.54 | 0.97 |
| Current Ratio | 2.56 | 2.49 | 0.88 | 1.04 | 1.18 | 1.67 |
| Return on Equity (ROE) | 5.56% | -613.39% | -105.64% | -65.73% | ||
| Return on Assets (ROA) | 3.19% | 2.83% | -4.96% | -8.90% | -6.35% | -7.62% |
| Return on Invested Capital (ROIC) | 2.45% | 6.58% | -16.25% | -39.00% | -36.10% | -25.47% |
| Return on Capital Employed (ROCE) | 5.70% | 5.30% | -17.00% | -31.70% | -19.90% | -11.80% |
| Earnings Yield | 0.43% | -0.35% | -6.59% | -43.98% | -82.82% | -6.97% |
| FCF Yield | 4.85% | 6.86% | -6.47% | 10.86% | -10.62% | -2.34% |
| Buyback Yield / Dilution | 3.88% | -4.12% | -3.67% | 1.33% | -3.69% | -158.11% |