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Mar 31
Porch Q1 2025 Earnings Report
Estimated Revenue:$78.6M
-23.4% YoY
Estimated EPS:-$0.102
+68.9% YoY
Key Takeaways
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.
Exceeded first quarter expectations for Porch Shareholder Interest.
Increased full year 2025 guidance for Porch Shareholder Interest.
Achieved 86% year-over-year growth in Porch Shareholder Interest Gross Profit.
Reported a significant increase in Porch Shareholder Interest Adjusted EBITDA to $16.9 million.
Porch
Porch
Porch Revenue by Segment
Revenue by Segment
Insurance Services Revenue
CapyFin.comSoftware & Data Revenue
CapyFin.comConsumer Services Revenue
CapyFin.com Forward Guidance
Porch Group increased its full year 2025 guidance for Porch Shareholder Interest, reflecting confidence in its new business model and performance.
Positive Outlook
- Raised full year 2025 Revenue guidance for Porch Shareholder Interest to $400M - $420M.
- Raised full year 2025 Gross Profit guidance for Porch Shareholder Interest to $320M - $335M.
- Raised full year 2025 Adjusted EBITDA guidance for Porch Shareholder Interest to $60M - $70M.
- Mid-point of Revenue guidance increased by $10M.
- Mid-point of Gross Profit guidance increased by $10M.
Challenges Ahead
- Guidance does not include future results of the Reciprocal.
- GAAP reconciliation for future periods is not provided due to unreasonable effort.
- Certain information necessary for GAAP reconciliation is unavailable or dependent on future events.
- Future results may be affected by unusual or non-recurring items.
- Non-GAAP measures may not be comparable to those used by other companies.
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Key Statistics
Market Cap
$953M
P/E Ratio
-14.10
Sector
N/A
Industry
N/A
52-Week High
$19
52-Week Low
$3.78
Reciprocal Policies Written
36.1K
Reciprocal Written Premium per Policy Written
$2.68K
Average Number of Companies
24.1K
Annualized Average Revenue per Company
$3.64K
Monetized Services
71K