Porch Earnings Reports

Porch Group reported strong second-quarter 2025 results, exceeding expectations with $107.0 million in Porch Shareholder Interest revenue and $2.6 million in net income attributable to Porch. The company saw significant growth in gross profit, up over 400% year-over-year, and a substantial improvement in Adjusted EBITDA, leading to increased full-year 2025 guidance.

Porch Group reported strong first quarter 2025 results for Porch Shareholder Interest, with revenue of $84.5 million, net income of $8.4 million, and Adjusted EBITDA of $16.9 million. The company's new model, focusing on commission and fee-based services after the sale of its insurance carrier into a reciprocal exchange, resulted in an 82% gross margin and significant year-over-year growth in Gross Profit and Adjusted EBITDA. The Reciprocal Exchange is reported as healthy and has secured a new reinsurance program.

Porch Group, Inc. reported a total revenue of $100.4 million for the fourth quarter of 2024. The company achieved a GAAP net income of $30.5 million, a significant improvement from the prior year's loss, and an Adjusted EBITDA of $41.8 million, surpassing expectations. This performance was driven by operational excellence and a focus on profitability, alongside strategic moves like the formation of Porch Insurance Reciprocal Exchange.

Porch Group reported strong operational performance in Q3 2024, achieving record profitability with a GAAP net income of $14.4 million and an Adjusted EBITDA of $16.9 million. The approval of the Reciprocal Exchange formation is a key milestone for the company. Porch also repurchased $43 million of unsecured notes, reducing the outstanding balance due in September 2026.

Porch Group reported a 12% increase in total revenue to $110.8 million for Q2 2024. The company's GAAP net loss improved by $22.6 million compared to the prior year, and the Adjusted EBITDA Loss improved by $8.4 million. The results were broadly in line with plan despite a significant weather event in Houston.

Porch Group, Inc. reported first quarter results with total revenue of $115.4 million, a 32% increase compared to the prior year. GAAP net loss was $13.4 million, an improvement of $25.4 million, and Adjusted EBITDA Loss was $16.8 million, an improvement of $5.1 million compared to the prior year.

Porch Group reported a total revenue of $114.6 million for Q4 2023, a 79% increase compared to the prior year. The company's GAAP net loss improved to $2.5 million, compared to a $35.5 million loss in the prior year. Adjusted EBITDA was $11.7 million, a $25.0 million increase from the prior year.

Porch Group reported a 67% increase in total revenue to $129.6 million and Adjusted EBITDA of $8.8 million for Q3 2023. The company is focused on ongoing profitability through underwriting actions, software module launches, and cost reduction initiatives.

Porch Group's Q2 2023 results showed a 39% increase in total revenue to $98.8 million compared to Q2 2022. However, the company reported a GAAP net loss of $87.0 million and an Adjusted EBITDA loss of $43.1 million, impacted by weather-related claims costs in the Insurance Segment.

Porch Group reported first-quarter revenue of $87.4 million, a 37% increase compared to the previous year. The company faced challenges in the reinsurance market, impacting revenue less cost of revenue and GAAP net loss. Despite these challenges, Porch Group is focused on key operational successes and anticipates Adjusted EBITDA profitability in the second half of the year.

Porch Group reported Q4 2022 revenues of $64.1 million, a 24% increase compared to Q4 2021. The company's GAAP net loss totaled $35.5 million, impacted by higher-than-expected claims due to Winter Storm Elliott. Adjusted EBITDA loss for the quarter was $13.3 million.

Porch Group reported a 20% increase in revenue year-over-year, reaching $75.4 million for the third quarter of 2022. The company faced macroeconomic headwinds, including weather-related events like Hurricane Ian, which impacted insurance claims costs and overall profitability, resulting in a GAAP net loss of $86.4 million, which includes a $57.1 million goodwill and intangible impairment. Despite these challenges, Porch Group is focusing on long-term growth and anticipates Adjusted EBITDA profitability in the second half of 2023.

Porch Group reported a 38% year-over-year increase in revenue, reaching $70.8 million in the second quarter of 2022. The company's net loss increased to $26.4 million, and the adjusted EBITDA loss was $14.3 million. Porch Group is focused on driving the business toward profitability.

Porch Group reported a strong start to 2022, with total revenue for the first quarter reaching $62.6 million, a 134% increase compared to the first quarter of 2021. The company's vertical software and insurance segments performed well, contributing to the substantial revenue growth. Despite the revenue increase, the company reported a GAAP net loss of $5.8 million and an adjusted EBITDA loss of $7.1 million. Porch Group affirmed its 2022 guidance, reflecting confidence in continued performance throughout the year.

Porch Group reported full year revenues of $192.4 million, representing a 166% year-over-year increase and provided 2022 guidance of $320 million in revenue and $600 million of Gross Written Premium, representing 66% and 95% Year-over-Year Growth Respectively.

Porch Group reported strong Q3 2021 financial results, with a 192% increase in revenue to $62.8 million and positive adjusted EBITDA of $873 thousand. The company increased its full-year 2021 revenue guidance to $195 million, representing 170% year-over-year growth.

Porch Group reported strong second-quarter results, with total revenue increasing by 200% compared to the same period last year. The company has raised its full year revenue outlook reflecting the continued confidence in its go-forward strategy.

Porch Group reported a 77% increase in total revenue for the first quarter of 2021, reaching $26.7 million compared to $15.1 million in the first quarter of 2020. Adjusted for past divestitures, year-over-year growth was 112%. The increase was driven by selling software to more companies, increased B2B SaaS fees and transaction revenue, and acquisitions.