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Porch Group (PRCH)

Earnings summaries and quarterly performance for Porch Group.

Recent press releases and 8-K filings for PRCH.

Porch Group Discusses Data-Driven Insurance Model and Growth Strategy at Stephens Conference
PRCH
New Projects/Investments
Guidance Update
Revenue Acceleration/Inflection
  • Porch Group's business model integrates proprietary data from its vertical software, such as home inspection software used by over 40% of companies, to enhance its insurance underwriting, enabling better risk pricing and significantly lower loss ratios.
  • Effective January 1, 2025, the company transitioned its insurance carrier to the policyholder-owned Porch Reciprocal Exchange, allowing Porch Group to generate revenue through commissions and fees without direct exposure to catastrophic weather events.
  • For FY 2025, Porch Group anticipates achieving $70 million in adjusted EBITDA, with its insurance segment contributing approximately two-thirds of revenue and software businesses around 25%.
  • The company plans to scale its premiums from nearly $500 million to $3 billion in the coming years, which is projected to generate over $600 million in adjusted EBITDA.
  • Porch Group has increased its statutory surplus from $100 million at the beginning of the year to $152 million by the end of Q3 2025, supporting its growth objectives, and has injected 18.3 million shares of Porch stock into the reciprocal for long-term capital building.
Nov 19, 2025, 6:00 PM
Porch Group Discusses Data-Driven Insurance Model and Growth Strategy at Stephens Conference
PRCH
New Projects/Investments
Guidance Update
Revenue Acceleration/Inflection
  • Porch Group (PRCH) leverages its proprietary software, used by almost half of all home inspection companies and over 40% of title transactions, to collect 89 unique "home factors" on 90% of U.S. homes, enabling superior risk pricing and halving loss ratios for its insurance operations.
  • Effective January 1, 2025, the company transitioned its insurance carrier into the policyholder-owned Porch Reciprocal Exchange, which insulates Porch Group from catastrophic weather volatility and contributes to 82% gross margins and an 18% adjusted EBITDA margin.
  • For FY 2025, Porch Group anticipates $70 million in adjusted EBITDA and aims to expand premiums from nearly $500 million to $3 billion, potentially generating over $600 million in adjusted EBITDA.
  • The reciprocal's statutory surplus increased from $100 million to $152 million by Q3 2025, bolstered by an injection of 18.3 million Porch stock shares, providing capital for organic growth and potential M&A without requiring shareholder capital.
  • The company is also licensing its high-margin "Home Factors" data to other carriers, a new revenue stream anticipated to have a meaningful impact by 2027.
Nov 19, 2025, 6:00 PM
Porch Group Outlines Data-Driven Insurance Strategy and Financial Outlook for FY 2025
PRCH
Guidance Update
New Projects/Investments
Revenue Acceleration/Inflection
  • Porch Group (PRCH) operates a homeowners insurance business through a reciprocal exchange, which it manages for fees and commissions, effectively insulating shareholders from catastrophic weather risks.
  • The company gains a competitive edge by utilizing proprietary data from its vertical software businesses, including over 40% market share in home inspection software, enabling superior risk pricing and industry-leading loss ratios.
  • For FY 2025, PRCH projects $70 million in adjusted EBITDA for the year, with its insurance business, representing approximately two-thirds of revenue, achieving 82% gross margins.
  • PRCH targets 25%+ premium growth, aiming to scale from nearly $500 million to $3 billion in premiums, which is expected to generate over $600 million in adjusted EBITDA.
  • The reciprocal exchange's statutory surplus grew from $100 million at the start of the year to $152 million by the end of Q3, bolstered by an injection of 18.3 million shares of Porch stock to support future growth and potential M&A.
Nov 19, 2025, 6:00 PM
PRCH Announces Strong Q3 2025 Results and Updates 2025 Guidance
PRCH
Earnings
Guidance Update
Revenue Acceleration/Inflection
  • Porch Group reported strong Q3 2025 Porch Shareholder Interest results, with revenue of $115.1 million and Adjusted EBITDA of $20.6 million.
  • The company updated its 2025 guidance for Porch Shareholder Interest, projecting revenue between $410 million and $420 million and Adjusted EBITDA of $70 million, representing a $2.5 million increase versus the prior guidance midpoint for both metrics.
  • Reciprocal Written Premium (RWP) reached $137.5 million in Q3 2025, with $412 million in Reciprocal surplus combined with non-admitted assets.
  • Porch generated $28.8 million in Q3 2025 Porch Shareholder Interest Cash Flow from Operations and repurchased $12.8 million of its 2026 notes, with approximately $7.8 million remaining on the principal balance.
Nov 5, 2025, 10:00 PM
PRCH Reports Strong Q3 2025 Results, Raises Full-Year Adjusted EBITDA Guidance
PRCH
Earnings
Guidance Update
Revenue Acceleration/Inflection
  • PRCH reported Q3 2025 adjusted EBITDA of $21 million and cash flow from operations of $29 million.
  • The company has already surpassed its initial 2025 adjusted EBITDA target, achieving $53.1 million year-to-date and now expects to deliver $70 million for the full year, representing a 10 times increase over the prior year.
  • Q3 2025 revenue was $115 million, with a gross profit of $94 million and an 82% gross margin.
  • Reciprocal surplus combined with non-admitted assets increased by over $100 million quarter-over-quarter to $412 million by the end of Q3 2025, providing capacity to support approximately $2 billion of premium.
Nov 5, 2025, 10:00 PM
Porch Group Reports Q3 2025 Results and Raises Guidance
PRCH
Earnings
Guidance Update
Revenue Acceleration/Inflection
  • Porch Group reported Q3 2025 revenue of $115.1 million for Porch Shareholder Interest, alongside a net loss attributable to Porch of $(10.9) million.
  • The company achieved Adjusted EBITDA of $20.6 million in Q3 2025, representing an increase of $3.7 million compared to the prior year, and consequently raised its Gross Profit and Adjusted EBITDA guidance.
  • The Reciprocal's surplus combined with non-admitted assets reached $412.0 million by the end of Q3 2025, an increase of $341.5 million from Q3 2024.
  • Cash Flow from Operations for Porch Shareholder Interest was $28.8 million in Q3 2025.
Nov 5, 2025, 9:08 PM
Porch Group Reports Third Quarter 2025 Results and Raises Full-Year Guidance
PRCH
Earnings
Guidance Update
Revenue Acceleration/Inflection
  • Porch Group reported Q3 2025 Porch Shareholder Interest revenue of $115.1 million and Adjusted EBITDA of $20.6 million, with a net loss attributable to Porch of $(10.9) million.
  • The company raised its full-year 2025 guidance for Porch Shareholder Interest, now projecting revenue between $410 million and $420 million, gross profit between $335 million and $340 million, and Adjusted EBITDA of $70 million.
  • The Reciprocal's surplus combined with non-admitted assets increased to $412.0 million at the end of Q3 2025, up $112.8 million from Q2 2025.
  • As of September 30, 2025, Porch Shareholder Interest had $132.1 million in cash, cash equivalents, restricted cash, and investments, and $475.1 million in outstanding convertible debt.
Nov 5, 2025, 9:02 PM
Porch Group's Home Factors Demonstrates Significant ROI and Profit Opportunity
PRCH
New Projects/Investments
Revenue Acceleration/Inflection
Product Launch
  • Porch Group's Home Factors property intelligence platform has completed testing with multiple new insurance carriers, demonstrating a projected ROI greater than 20x across each carrier.
  • This performance is expected to unlock over $95 million in profit opportunity for insurance carriers.
  • Home Factors provided insights to over 88% of the carriers’ policy data, identifying segments with 23%-50% higher loss ratios.
  • The platform offers unique property condition data, empowering insurers to refine pricing, mitigate losses, and strengthen retention strategies.
  • Porch Group expects to approach 100 property attributes available over the next several months, enabling a comprehensive view of nearly 90% of homes across the United States.
Sep 2, 2025, 8:15 PM