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PRCH

Porch Group, Inc.

PRCH

Porch Group, Inc. • NASDAQ
$9.69 ▼ -0.92% (-0.09)
Market Cap $1.02 B
52w High $19.44
52w Low $3.66
Dividend Yield 0%
P/E 31.26
Volume 630.70K
Outstanding Shares 105.35M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $118.082M ▼ $70.612M ▼ $-10.857M ▼ -9.194% ▼ $-0.1 ▼ $23.175M ▼
Q2-2025 $119.295M ▲ $70.824M ▲ $2.579M ▼ 2.162% ▼ $0.025 ▼ $24.642M ▲
Q1-2025 $104.745M ▲ $66.714M ▲ $8.395M ▼ 8.015% ▼ $0.08 ▼ $21.87M ▼
Q4-2024 $100.361M ▼ $64.22M ▼ $30.474M ▲ 30.364% ▲ $0.3 ▲ $49.64M ▲
Q3-2024 $111.2M $66.628M $14.382M 12.933% $0.14 $30.893M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $93.168M ▼ $787.746M ▲ $777.259M ▲ $-27.919M ▲
Q2-2025 $184.413M ▲ $770.717M ▼ $772.905M ▼ $-29.292M ▲
Q1-2025 $153.985M ▼ $802.283M ▼ $834.332M ▼ $-52.418M ▼
Q4-2024 $191.742M ▼ $813.968M ▼ $857.193M ▼ $-43.225M ▲
Q3-2024 $238.571M $867.264M $944.307M $-77.043M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-982K ▼ $40.827M ▲ $-24.142M ▼ $-11.782M ▼ $4.903M ▼ $36.979M ▲
Q2-2025 $8.247M ▲ $35.569M ▲ $-5.901M ▲ $-7.782M ▼ $21.886M ▲ $35.363M ▲
Q1-2025 $3.736M ▼ $-11.178M ▲ $-19.368M ▼ $-229K ▲ $-30.775M ▼ $-14.524M ▲
Q4-2024 $30.474M ▲ $-26.602M ▼ $7.148M ▲ $-442K ▲ $-19.896M ▲ $-30.476M ▼
Q3-2024 $14.382M $12.425M $-60.973M $-20.139M $-68.687M $9.048M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Recurring
Recurring
 $0 ▲$80.00M ▲$100.00M ▲$110.00M ▲
Transactional
Transactional
 $0 ▲$10.00M ▲$10.00M ▲$10.00M ▲
Insurance
Insurance
 $150.00M ▲$0 ▼$0 ▲$0 ▲
Vertical Software
Vertical Software
 $60.00M ▲$0 ▼$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Porch has grown its revenue steadily over the past several years, showing it can keep finding more business in its niche. Gross profit has also climbed, which means the underlying economics of each dollar of sales are improving. That said, the company has reported operating losses every year, and while those losses are narrowing, it is not yet consistently profitable on a net income basis. The recent move into positive EBITDA is a notable milestone and suggests the core operations are becoming more efficient, but the path to true bottom‑line profitability is still a key uncertainty to watch.

Balance Sheet

Balance Sheet The balance sheet shows a business that has invested heavily to grow and is now carrying meaningful debt compared with its asset base. Cash balances have come down from earlier levels, and shareholder equity has slipped into negative territory in recent years, which is a sign of a leveraged and somewhat strained capital structure. This doesn’t mean the company is in immediate trouble, but it does limit financial flexibility and puts more pressure on management to keep improving profitability and cash generation. Any future downturn or execution misstep could be felt more quickly because of this thinner cushion.

Cash Flow

Cash Flow Historically, Porch has had patchy cash generation, with periods of cash burn and more recent signs of improvement. Operating cash flow has hovered around breakeven, occasionally turning positive, which is encouraging but not yet firmly established. Free cash flow has followed a similar pattern, helped by relatively light spending on physical assets. The Q3 2025 update points to stronger cash from operations, which, if sustained, would ease balance sheet pressures. The key question is whether the business can consistently generate cash in different housing and insurance environments, not just in favorable quarters.

Competitive Edge

Competitive Edge Porch occupies an unusual spot at the intersection of home services, software, and insurance. Its main edge comes from deeply integrated software for home service providers and rich property data gathered through those relationships. This gives Porch early access to homebuyers and detailed insight into the condition of millions of homes, which is difficult for competitors to replicate quickly. The ecosystem approach—connecting inspectors, movers, utilities, and insurance—creates a sticky platform with multiple ways to engage a homeowner. However, the company still operates in highly competitive markets, facing both traditional insurers and well-funded software and marketplace players, so it must keep executing well to defend and expand its niche.

Innovation and R&D

Innovation and R&D Innovation is a clear focus. The Home Factors platform, which turns detailed home attributes into risk and pricing insights, is a core differentiator and underpins Porch’s insurance strategy. The shift to the reciprocal insurance exchange model aims to use that data advantage while reducing direct exposure to claims, moving Porch toward a more fee‑driven, potentially higher‑margin role. The company is also leaning into AI and machine learning to refine underwriting and automate operations, and has a track record of acquisitions to fill product gaps and deepen its ecosystem. The opportunity is significant if these innovations scale as planned, but they also add complexity and execution risk, particularly in regulated insurance markets.

Summary

Porch is a growth‑oriented, data‑driven platform trying to reshape parts of the home services and homeowners insurance value chain. On the positive side, revenue and gross profit have grown well, operating efficiency is improving, and recent quarters hint at stronger cash generation. Its integrated ecosystem and proprietary property data give it a real strategic angle that many competitors lack. On the risk side, the company is still unprofitable on a net basis, carries notable debt, has negative equity, and remains tied to the ups and downs of the housing market. The success of its insurance exchange model, continued scaling of its data platform, and the ability to convert innovation into durable, cash‑generating growth are the main themes to monitor going forward.

NEWS

November 10, 2025 · 9:00 AM UTC

Porch Group Announces Attendance at Upcoming Investor Events

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November 5, 2025 · 4:02 PM UTC

Porch Group Reports Third Quarter 2025 Results

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October 20, 2025 · 9:00 AM UTC

Porch Group to Release Third Quarter 2025 Earnings on November 5, 2025

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October 14, 2025 · 9:00 AM UTC

Porch Group Expands Home Factors with New Roof and Electrical Insights to Strengthen Carrier Risk Models

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September 2, 2025 · 4:15 PM UTC

Porch Group's Home Factors Demonstrates Projected ROI Greater Than 20x Across Multiple Insurance Carriers, Unlocking Over $95 Million in Profit Opportunity

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