Porch Group, Inc. PRCH
Porch Group, Inc., together with its consolidated subsidiaries, ("Porch," the "Company," "we," "our," "us") is a new kind of homeowners insurance company—one designed to stand out in a massive and growing market of more than $100 billion. Our strategy is built on three differentiators that set us apart.
Leveraging unique property insights, we can assess risk with greater precision, enabling competitive pricing for low-risk customers and avoiding high-risk customers, while delivering superior underwriting performance.
We are committed to being the go-to partner during one of life's most significant transitions—buying a home—by offering services that simplify moving and home setup.
We combine homeowners insurance with home warranty, filling coverage gaps and reducing unexpected costs for consumers.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $418.9M | $313.3M | $287.5M | $275.9M | $192.4M | $72.3M | $77.6M | — |
| Cost of revenue | $142.4M | $235.9M | $229.4M | $107.6M | $58.7M | $17.6M | $21.5M | — |
| Gross profit | $340.0M | $201.9M | $200.9M | $168.4M | $133.7M | $54.7M | $56.1M | — |
| SG&A | $105.2M | $95.2M | $101.1M | $109.8M | $84.7M | $28.2M | $52.0M | — |
| Total operating expenses | — | $502.4M | $620.7M | $453.0M | $275.8M | $114.5M | $165.7M | — |
| Operating income | $36.6M | -$64.6M | -$190.4M | -$177.0M | -$83.4M | -$42.2M | -$88.1M | — |
| Interest expense | $51.6M | $42.5M | $31.8M | $8.7M | $5.8M | $14.7M | $7.1M | — |
| Pre-tax income | $26.7M | -$30.7M | -$133.3M | -$155.7M | -$116.9M | -$55.7M | -$103.2M | — |
| Income tax | $11.4M | $2.1M | $622.0K | $842.0K | $10.3M | $1.7M | $96.0K | — |
| Net income | $15.3M | -$32.8M | -$133.9M | -$156.6M | -$106.6M | -$54.0M | -$103.3M | — |
| EPS, basic | -0.03 | -0.33 | -1.39 | -1.61 | -1.14 | -1.96 | -3.31 | — |
| EPS, diluted | -0.03 | -0.33 | -1.39 | -1.61 | -1.14 | -2.03 | -3.31 | — |
| Shares, diluted (wtd. avg.) | $103.7M | $99.6M | $96.1M | $97.4M | $93.9M | $36.4M | $31.2M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $44.7M | $167.6M | $297.2M | $228.6M | $324.8M | $207.5M | $7.2M | $7.2M |
| Short-term investments | $12.6M | $24.1M | $35.6M | $36.5M | $9.3M | — | — | — |
| Receivables | $11.3M | $19.1M | $24.3M | $26.4M | $28.8M | $4.3M | $4.7M | — |
| Total current assets | $88.2M | $365.1M | $481.1M | $610.6M | $605.1M | $215.8M | $10.2M | — |
| Property, plant and equipment | $27.6M | $22.5M | $16.9M | $12.2M | $6.7M | $4.6M | $6.7M | — |
| Goodwill | $191.9M | $191.9M | $191.9M | $244.7M | $225.7M | $28.3M | $18.3M | $21.3M |
| Other intangibles | $30.5M | $68.7M | $87.2M | $108.3M | $129.8M | $16.0M | $9.8M | — |
| Total assets | $797.4M | $814.0M | $899.4M | $1.05B | $1.04B | $268.4M | $48.5M | — |
| Accounts payable | $4.0M | $4.5M | $8.8M | $6.3M | $7.0M | $9.2M | $4.8M | — |
| Short-term debt | $7.8M | $150.0K | $244.0K | $16.5M | $150.0K | $4.7M | $20.5M | — |
| Total current liabilities | $67.8M | $414.2M | $462.2M | $515.6M | $363.1M | $31.7M | $57.5M | — |
| Long-term debt | $385.1M | $403.8M | $435.5M | $425.3M | $414.6M | $43.2M | $40.7M | — |
| Total liabilities | $775.0M | $857.2M | $935.1M | $969.7M | $821.7M | $161.1M | $108.4M | — |
| Retained earnings | -$648.3M | -$754.9M | -$722.1M | -$585.0M | -$424.1M | -$317.5M | -$263.5M | — |
| Total equity | -$24.6M | -$43.2M | -$35.7M | $79.4M | $217.0M | $107.3M | -$60.0M | -$149.8M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $66.4M | -$31.7M | $33.9M | -$17.7M | -$34.8M | -$48.7M | -$29.3M | — |
| Depreciation and amortisation | $24.5M | $25.5M | $24.4M | $27.9M | $16.4M | $6.6M | $7.4M | — |
| Stock-based compensation | $29.0M | $27.2M | $20.7M | $27.0M | $38.6M | $11.3M | $36.0M | — |
| Capital expenditure | $454.0K | $523.0K | $851.0K | $2.4M | $972.0K | $279.0K | $478.0K | — |
| Investing cash flow | -$71.9M | -$45.1M | -$56.3M | -$79.7M | -$263.4M | -$10.7M | -$5.2M | — |
| Financing cash flow | -$22.2M | -$23.7M | $91.0M | $1.2M | $415.5M | $259.6M | $34.5M | — |
| Dividends paid | — | — | — | — | — | $30.0M | — | — |
| Buybacks | $0 | $0 | $5.6M | $1.8M | $0 | $42.0K | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001784535-26-000021.
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