Porch Group

Porch Group, Inc. engages in the development and operation of a vertical software platform. It provides software solutions to home service companies such as home inspectors, moving companies, real estate agencies, utility companies, and warranty companies. The company was founded by Matt Ehrlichman in 2011 and is headquartered in Seattle, WA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Porch Group reports Q4 revenue growth, navigates challenges, eyes profitability

Porch Group's Q4 2022 performance reflects revenue growth and strategic advancements despite challenges and weather impacts.
The company's focus on profitability, software growth, and insurance innovations positions it for future success.
Transitioning to a Reciprocal Exchange model in 2023 presents both challenges and opportunities for Porch Group.
Confidence in data advantage, strategic foresight, and operational adjustments highlight Porch Group's competitive positioning.

Porch Group reports strong Q1 revenue growth, eyes profitability in 2023

Porch Group's Q1 2023 performance showed strong revenue growth but faced challenges with an adjusted EBITDA loss due to reinsurance market issues. The company is focused on carefully managing premium growth to drive profitability and anticipates positive adjusted EBITDA in the second half of the year. Opportunities lie in the successful launch of Porch Warranty, securing new financing, and the upcoming Reciprocal Exchange launch.

Porch Group reports revenue growth but faces profitability challenges in Q2 2023

Porch Group's Q2 2023 performance reflects robust revenue growth but challenges in achieving profitability due to weather events, emphasizing the need for strategic risk management and cost control.
Despite facing headwinds, the company's focus on partnerships, multiproduct strategy, and upcoming launches like Porch Insurance positions it well for future growth and market expansion.
Navigating market uncertainties, Porch Group remains optimistic about its ability to build a significant insurance company, leveraging pricing strategies and unique offerings to drive profitability and shareholder value.

Porch Group reports robust Q3 earnings, eyes growth opportunities

Porch Group's Q3 performance reflects strong revenue growth, improved adjusted EBITDA, and resilience in the face of challenges. The company is strategically positioned to capitalize on growth opportunities, leveraging data, expense control, and market recovery. Proactive measures taken in response to market headwinds demonstrate a commitment to long-term success.

Porch Group exceeds Q4 guidance, focuses on profitability and growth

Porch Group delivered strong Q4 2023 results, surpassing revenue and adjusted EBITDA profit guidance, with a focus on strategic initiatives and cost reduction efforts.
The company showcased financial resilience with solid operating cash flow and a robust cash position, driven by successful performance in the insurance sector and key business agreements.
While facing challenges such as wide guidance ranges and seasonal EBITDA loss projections, Porch Group remains positioned for growth through cross-sell opportunities and operational enhancements.
Opportunities lie in capital allocation for growth, organic revenue expansion, and leveraging property data for underwriting advantages, signaling potential for sustained financial success.
Management's emphasis on ongoing profitability focus and risk reduction strategies underscores a commitment to operational excellence and long-term value creation for stakeholders.
Overall, Porch Group's Q4 performance reflects a blend of strengths, challenges, and opportunities, positioning the company for continued growth and financial stability in 2024.

Porch Group excels in Q1 2024 with strong financials and growth strategies

Porch Group's Q1 2024 earnings call highlighted robust financial performance, strategic focus on homeowners insurance and software businesses, effective management of challenges like the Texas hailstorm impact, and promising opportunities for growth through data advantages and upcoming reciprocal exchange launch.

Porch Group reports solid Q2 results amidst weather challenges

Porch Group's Q2 performance showed resilience and progress in key strategic areas.
Challenges from weather events and profitability targets require continued focus.
Opportunities lie in diversification through new products and strategic initiatives.

Porch Group posts robust Q3 results, gears up for insurance launch

Porch Group's Q3 performance reflects resilience and strategic focus amidst challenges, with a strong emphasis on profitability and growth.
The company's strengths lie in technological advancements, diversification through PIRE, and a clear roadmap for entering the insurance market.
Challenges include market dynamics, regulatory uncertainties, and the need for continuous innovation to stay competitive.
Opportunities abound in the upcoming launch of Porch Insurance, premium growth strategies, and investor engagement for future expansion.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Porch Group, Inc. engages in the development and operation of a vertical software platform. It provides software solutions to home service companies such as home inspectors, moving companies, real estate agencies, utility companies, and warranty companies. The company was founded by Matt Ehrlichman & Ronnie Castro in 2011 and is headquartered in Seattle, WA.

Maybe the market is just selling this kind of stock today because the company's financial results looked better than expected.

Why Porch Group Stock Got Crushed Today

Porch Group, Inc. (PRCH) CEO Matthew Ehrlichman on Q2 2021 Results - Earnings Call Transcript

Company Exceeds Q2 Guidance and Increases Full Year 2021 Revenue Guidance to $184 Million, Representing Approximately 155% Year-over-Year Growth

Porch Group Reports Second Quarter 2021 Financial Results

The company's rapid growth is turning heads on Wall Street.

Why Porch Group Stock Was Up 28% in May

SEATTLE, June 08, 2021 (GLOBE NEWSWIRE) -- Homeowners of America (HOA), a property and casualty insurance provider and recent acquisition of Porch Group, Inc. ("Porch” or “the Company") (NASDAQ: PRCH), announced the launch of service in Illinois.

Homeowners of America, a Porch Group Subsidiary, Introduces Services in Illinois as Part of Nationwide Expansion Plan

Porch reported Q1 results highlighted by strong revenue growth. The company is well-positioned to capture accelerating demand for software solutions in the home services industry and positive housing market dynamics.

Porch Group: Bullish On Strong Q1 Operating Momentum

Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Porch Group Inc. To Contact Him Directly To Discuss Their OptionsNew York, New York--(Newsfile Corp. - May 23, 2021) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Porch Group Inc. ("Porch" or the "Company") (NASDAQ: PRCH).If you suffered losses exceeding $50,000 investing in Porch stock or options and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). You may also click here for additional information:...

Porch Update

Porch Group, Inc. (PRCH) CEO Matthew Ehrlichman on Q1 2021 Results - Earnings Call Transcript

Company Exceeds Q1 Guidance and Increases Full Year 2021 Revenue Guidance to $178 Million, Representing Approximately 147% Year-over-Year Growth Company Exceeds Q1 Guidance and Increases Full Year 2021 Revenue Guidance to $178 Million, Representing Approximately 147% Year-over-Year Growth

Porch Group Reports First Quarter 2021 Financial Results

Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Porch Group Inc. To Contact Him Directly To Discuss Their OptionsNew York, New York--(Newsfile Corp. - May 14, 2021) -  Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Porch Group Inc. ("Porch" or the "Company") (NASDAQ: PRCH).If you suffered losses exceeding $50,000 investing in Porch stock or options and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). You may also click here for additional information:...

Porch Shareholder Alert

Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Porch Group Inc. To Contact Him Directly To Discuss Their OptionsNew York, New York--(Newsfile Corp. - May 8, 2021) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Porch Group Inc. ("Porch" or the "Company") (NASDAQ: PRCH).If you suffered losses exceeding $50,000 investing in Porch stock or options and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). You may also click here for additional...

Porch Class Action Reminder

Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Porch Group Inc. To Contact Him Directly To Discuss Their OptionsNew York, New York--(Newsfile Corp. - May 3, 2021) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Porch Group Inc. ("Porch" or the "Company") (NASDAQ: PRCH).If you suffered losses exceeding $50,000 investing in Porch stock or options and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). You may also click here for additional information:...

Porch Investor Alert

SEATTLE, April 27, 2021 (GLOBE NEWSWIRE) -- Porch Group, Inc. (“Porch” or “the Company”) (NASDAQ: PRCH), a leading vertical software company reinventing the home services industry, will hold a conference call and webinar on Monday, May 17, 2021 at 5:00 p.m. Eastern time (2:00 p.m. Pacific time) to discuss its financial results for the first quarter ended March 31, 2021. Financial results will be issued in a press release prior to the call.

Porch Group Sets First Quarter 2021 Earnings Call for Monday, May 17, 2021 at 5:00 p.m. ET

AARP members will save on Porch Handyman services, and make home ownership simple with a free Porch Home Assistant and other benefits beginning now AARP members will save on Porch Handyman services, and make home ownership simple with a free Porch Home Assistant and other benefits beginning now

Making Your House Your Forever Home: Porch Announces New Home Services Offer Exclusively for AARP Members

LOS ANGELES--(BUSINESS WIRE)---- $PRCH #investors--The Law Offices of Frank R. Cruz Announces Investigation of Porch Group Inc. (PRCH) on Behalf of Investors

The Law Offices of Frank R. Cruz Announces Investigation of Porch Group Inc. (PRCH) on Behalf of Investors

LOS ANGELES--(BUSINESS WIRE)---- $PRCH #CLASSACTION--Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Porch Group Inc. (“Porch” or the “Company”) (NASDAQ: PRCH) investors concerning the Company's possible violations of the federal securities laws. If you suffered a loss on your Porch investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, yo

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Porch Group Inc. (PRCH) on Behalf of Investors

BENSALEM, Pa.--(BUSINESS WIRE)---- $PRCH #CLASSACTION--Law Offices of Howard G. Smith announces an investigation on behalf of Porch Group Inc. (“Porch” or the “Company”) (NASDAQ: PRCH) investors concerning the Company's possible violations of federal securities laws. On April 8, 2021, Spruce Point Capital Management (“Spruce Point”) published a report alleging that Porch concealed or obscured numerous business activities between 2017 and 2021 and faked a non-existent partnership service. Spruce Point asserted that Po

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Porch Group Inc. (PRCH) on Behalf of Investors

New York, New York--(Newsfile Corp. - April 21, 2021) - Pomerantz LLP is investigating claims on behalf of investors of Porch Group Inc. ("Porch" or the "Company") (NASDAQ: PRCH). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.The investigation concerns whether Porch and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining...

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Porch Group Inc. - PRCH

Atlanta, Georgia--(Newsfile Corp. - April 19, 2021) - Holzer & Holzer, LLC is investigating whether Porch Group Inc. (NASDAQ: PRCH) ("Porch" or the "Company") complied with federal securities laws. On April 8, 2021, Spue Point Capital management published a report accusing Porch and certain of its insiders of failing to disclose and/or misrepresenting information in connection with its recently completed SPAC. The price of Porch shares fell following the report.If you purchased shares...

SHAREHOLDER ALERT: Investigation of Porch Group Inc. Announced by Holzer & Holzer, LLC

DraftKings

Eos Energy Enterprises

Open Lending Corp

PLBY Group

Velodyne Lidar

SPAC and New Issue ETF

These 7 SPACs could come under further pressure The post 7 Overheated SPACs That Have Gotten Ahead of Themselves appeared first on InvestorPlace. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG It doesn't matter if you have $500 in savings or $5 million.

7 Overheated SPACs That Have Gotten Ahead of Themselves

NEW YORK--(BUSINESS WIRE)-- #FederalSecuritiesLaws--Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Porch Group, Inc. (NASDAQ: PRCH) on behalf of Porch Group stockholders. Our investigation concerns whether Porch Group has violated the federal securities laws and/or engaged in other unlawful business practices. Click here to participate in the action. On April 8, 2021, Spruce Point Capital Management (“Spruce Point”) published a report enti

PORCH GROUP ALERT: Bragar Eagel & Squire, P.C. Is Investigating Porch Group, Inc. on Behalf of Porch Group Stockholders and Encourages Investors to Contact the Firm

San Francisco, California--(Newsfile Corp. - April 14, 2021) - Hagens Berman urges Porch Group Inc. (NASDAQ: PRCH) investors with significant losses to submit your losses now. The firm is investigating possible securities law violations and certain investors may have valuable claims.Visit: www.hbsslaw.com/investor-fraud/PRCHContact An Attorney Now: PRCH@hbsslaw.com844-916-0895Porch Group Inc. (NASDAQ: PRCH) Investigation: The investigation is focused on whether Porch Group has misrepresented its actual leverage and inflated its gross margins.On Apr. 8,

HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Porch Group (PRCH) Investors with Losses to Contact Its Attorneys Now, Firm Investigating Possible Securities Law Violations

An investment firm with a short position in Porch Group, standing to benefit if its share price falls, released a report questioning the Seattle-based home services software company's underlying business metrics, communications with investors, and accounting on a variety of fronts.

Short-seller hits Porch Group with litany of claims, questions its accounting for Lowe's stock sale

SEATTLE, April 06, 2021 (GLOBE NEWSWIRE) -- Porch Group, Inc. ("Porch” or “the Company") (NASDAQ: PRCH), a leading vertical software company reinventing the home services industry, successfully completed its previously announced acquisition of Homeowners of America (HOA), making Porch one of the largest Insurance Technology (InsurTech) companies.

Porch Group Closes Homeowners of America Acquisition, Creating One of the Largest InsurTech Companies

Company Increases Full Year 2021 Revenue Guidance to $175 Million, Representing 140% Year-over-Year Growth Company Increases Full Year 2021 Revenue Guidance to $175 Million, Representing 140% Year-over-Year Growth

News for Porch Group Stock (PRCH)