Graham Bundy Jr.'s questions to Porch Group Inc (PRCH) leadership • Q2 2025
Question
Graham Bundy Jr. asked about the future approach to price increases in the software business—whether they would be consistent annually or more lumpy—and about the expected near-term pace of EBITDA margin expansion.
Answer
COO Matthew Neagle explained that the strategy is to continuously innovate and price to value, which should allow for ongoing price increases, with significant upside potential when the housing market recovers. CEO Matt Ehrlichman addressed the margin question, stating that the company expects to show nice, consistent margin expansion each year while continuing to invest in growth, suggesting the improvements would not be lumpy.