Loading...
•
Jun 30
Porch Q2 2025 Earnings Report
Second quarter 2025 results exceeded expectations and guidance was increased, driven by strong performance in Insurance Services.
Key Takeaways
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 Shareholder Interest revenue reached $107.0 million in Q2 2025, exceeding expectations.
Net income attributable to Porch was $2.6 million, a significant improvement compared to the prior year.
Gross profit for Porch Shareholder Interest grew by over 400% year-over-year, reaching $89.2 million.
Adjusted EBITDA for Porch Shareholder Interest increased by $50.4 million to $15.6 million compared to Q2 2024, leading to raised 2025 guidance.
Porch
Porch
Porch Revenue by Segment
Revenue by Segment
Insurance Services Revenue
CapyFin.comSoftware & Data Revenue
CapyFin.comConsumer Services Revenue
CapyFin.comCorporate Revenue
CapyFin.com Forward Guidance
Porch Group increased its full-year 2025 guidance for Porch Shareholder Interest, reflecting strong year-to-date performance and a positive outlook for revenue, gross profit, and Adjusted EBITDA.
Positive Outlook
- Increased full-year 2025 revenue guidance to a mid-point of $415.0 million (previously $410.0 million).
- Increased full-year 2025 gross profit guidance to a mid-point of $335.0 million (previously $327.5 million).
- Increased full-year 2025 Adjusted EBITDA guidance to a mid-point of $67.5 million (previously $65.0 million).
- Continued progress in Home Factors data product with insurance carriers in test.
- Approval for full home warranty and moving services for Porch Insurance policyholders, expanding consumer offerings.
Challenges Ahead
- Guidance does not include future results of the Reciprocal, which are consolidated in GAAP financial statements.
- Uncertainties related to regulatory approval of insurance rates and policy forms.
- Reliance on strategic relationships for data access and customer retention.
- Potential for increased costs and initiatives due to new legal and regulatory requirements related to cybersecurity and data governance.
- Economic conditions, especially those affecting the housing, insurance, and financial markets, could impact future results.
Revenue & Expenses
Visualization of income flow from segment revenue to net income