Loading...
•
Dec 31, 2021
Porch Q4 2021 Earnings Report
Porch Group reported strong Q4 and full year results, driven by operational and strategic execution.
Key Takeaways
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 $192.4 million in full year revenues, up 166% year-over-year.
The company achieved its first quarter of Adjusted EBITDA profitability in Q3.
Porch expanded into new software verticals, including mortgage and title.
The company enhanced its insurance and warranty offerings through acquisitions.
Porch
Porch
Forward Guidance
Porch provides guidance based on current market conditions and expectations.
Positive Outlook
- Gross Written Premium ~$600M (95% year-over-year growth)
- Revenue ~$320M (66% year-over-year growth)
- Revenue Less Cost of Revenue ~$210M (53% year-over-year growth)
- Adj. EBITDA ~-9%
- Adj. EBITDA >-$26.5M (>400 basis points of Adj EBITDA margin improvement)