Porch Group, Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Porch Group, Inc. reported revenue of $482.4M and net income of $15.3M.
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Total revenue | $482.4M | — | — | — |
| Cost of revenue | $142.4M | $225.6M | $220.2M | $107.6M |
| Gross profit | $340.0M | — | — | — |
| Selling and marketing | $139.6M | $122.9M | $144.3M | $113.8M |
| Product and technology | $53.3M | $55.3M | $58.5M | $59.6M |
| General and administrative | $105.2M | $98.4M | $103.2M | $110.6M |
| Provision for doubtful accounts | $5.3M | $239.0K | $37.2M | — |
| Impairment loss on intangible assets and goodwill | $0 | $0 | $57.2M | $61.4M |
| Operating income (loss) | $36.6M | ($64.6M) | ($190.4M) | ($177.0M) |
| Interest expense | ($51.6M) | ($42.5M) | ($31.8M) | ($8.7M) |
| Change in fair value of earnout liability | $0 | $0 | $44.0K | $13.8M |
| Change in fair value of private warrant liability | ($4.0M) | $691.0K | ($444.0K) | $14.5M |
| Change in fair value of derivatives | $19.6M | $5.9M | ($4.3M) | — |
| Gain on extinguishment of debt | $395.0K | $27.4M | $81.4M | — |
| Investment income and realized gains and losses, net of investment expenses | $11.7M | $13.7M | $8.3M | $1.2M |
| Other income, net | $14.0M | $28.7M | $3.9M | $571.0K |
| Total other income (expense) | ($9.8M) | $33.9M | $57.0M | $21.3M |
| Income (loss) before income taxes | $26.7M | ($30.7M) | ($133.3M) | ($155.7M) |
| Income tax expense | ($11.4M) | ($2.1M) | ($622.0K) | ($842.0K) |
| Less: Net income attributable to the Reciprocal | $18.7M | — | — | — |
| Net loss attributable to Porch | ($3.4M) | ($32.8M) | ($133.9M) | ($156.6M) |
| Net income (loss) attributable to Porch per share - basic (in usd per share) | -$0.03 | -$0.33 | -$1.39 | -$1.61 |
| Weighted average shares outstanding used to compute net income (loss) attributable to Porch per share - basic (in shares) | $103688000.00 | $99585000.00 | $96057000.00 | $97351241.00 |
| Net income (loss) attributable to Porch per share - diluted (in usd per share) | -$0.03 | -$0.33 | -$1.39 | -$1.61 |
| Weighted average shares outstanding used to compute net income (loss) attributable to Porch per share - diluted (in shares) | $103688000.00 | $99585000.00 | $96057000.00 | $97351241.00 |
| Net income (loss) | $15.3M | — | — | — |
| Change in net unrealized loss, net of tax | $6.3M | ($1.6M) | $2.3M | — |
| Comprehensive income (loss) | $21.6M | — | — | — |
| Less: Comprehensive income attributable to the Reciprocal | $24.4M | — | — | — |
| Comprehensive loss attributable to Porch | ($2.8M) | ($34.4M) | ($131.6M) | — |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Revenue | $140.9M | $121.1M | $118.1M | $119.3M |
| Cost of revenue | $53.3M | $30.3M | $31.1M | $43.4M |
| Gross profit | $87.6M | $90.8M | $86.9M | $75.9M |
| Selling and marketing | $41.3M | $40.1M | $30.2M | $26.9M |
| Product and technology | $14.7M | $13.0M | $13.4M | $13.1M |
| General and administrative | $35.7M | $25.9M | $27.1M | $30.9M |
| Operating income (loss) | ($4.1M) | $11.8M | $16.3M | $5.0M |
| Interest expense | ($14.8M) | ($14.6M) | ($14.0M) | ($12.1M) |
| Change in fair value of private warrant liability | $0 | $0 | ($5.7M) | ($2.9M) |
| Change in fair value of derivatives | $860.0K | $1.8M | $1.8M | $12.9M |
| Gain on extinguishment of debt | $0 | — | $361.0K | $34.0K |
| Investment income and realized gains and losses, net of investment expenses | $3.2M | $3.4M | $3.0M | $2.7M |
| Other income, net | $1.3M | $1.4M | $1.5M | $1.5M |
| Total other income (expense) | ($9.5M) | ($8.1M) | ($13.0M) | $2.1M |
| Income (loss) before income taxes | ($13.6M) | $3.7M | $3.3M | $7.2M |
| Income tax benefit (expense) | ($585.0K) | ($1.8M) | ($4.3M) | $1.1M |
| Less: Net income (loss) attributable to the Reciprocal | ($19.8M) | $6.6M | $9.9M | $5.7M |
| Net income attributable to Porch | $5.6M | ($4.7M) | ($10.9M) | $2.6M |
| Net income attributable to Porch per share - basic (in usd per share) | $0.05 | -$0.04 | -$0.10 | $0.03 |
| Weighted average shares outstanding used to compute net income attributable to Porch per share - basic (in shares) | $111087000.00 | $106073000.00 | $104301000.00 | $103160000.00 |
| Net income attributable to Porch per share - diluted (in usd per share) | $0.05 | -$0.04 | -$0.10 | $0.00 |
| Weighted average shares outstanding used to compute net income attributable to Porch per share - diluted (in shares) | $120741000.00 | $106073000.00 | $104301000.00 | $131679000.00 |
| Net income (loss) | ($14.2M) | $1.9M | ($982.0K) | $8.2M |
| Change in net unrealized loss, net of tax | ($948.0K) | ($2.9M) | $1.5M | $1.1M |
| Comprehensive income (loss) | ($15.1M) | ($975.0K) | $497.0K | $9.3M |
| Less: Comprehensive income (loss) attributable to the Reciprocal | ($20.5M) | $4.7M | $11.3M | $6.7M |
| Comprehensive income (loss) attributable to Porch | $5.4M | ($5.7M) | ($10.8M) | $2.6M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $44.7M | $167.6M | $258.4M | $215.1M |
| Accounts receivable, net | $11.3M | $19.1M | $24.3M | $26.4M |
| Short-term investments | $12.6M | $24.1M | $35.6M | $36.5M |
| Reinsurance balance due | $0 | $92.3M | $83.6M | $299.1M |
| Prepaid expenses | $6.4M | — | — | — |
| Prepaid expenses and other current assets | $3.9M | $15.3M | $13.2M | $20.0M |
| Deferred policy acquisition costs | $0 | $17.5M | $27.2M | — |
| Restricted cash and cash equivalents | $8.5M | $29.1M | $38.8M | $13.5M |
| Other current assets | $4.7M | — | — | — |
| Total current assets | $88.2M | $365.1M | $481.1M | $610.6M |
| Property, equipment, and software, net | $27.6M | $22.5M | $16.9M | $12.2M |
| Goodwill | $191.9M | $191.9M | $191.9M | $244.7M |
| Long-term investments | $55.4M | $158.7M | $103.6M | $55.1M |
| Intangible assets, net | $30.5M | $68.7M | $87.2M | $108.3M |
| Other assets | $6.5M | $7.0M | $5.3M | $1.6M |
| Cash and cash equivalents, including restricted | $169.1M | — | — | — |
| Total assets | $797.4M | $814.0M | $899.4M | $1.0B |
| Accounts payable | $4.0M | $4.5M | $8.8M | $6.3M |
| Accrued expenses and other current liabilities | $38.9M | $41.2M | $59.4M | $39.7M |
| Deferred revenue | $4.6M | $248.7M | $248.7M | $270.7M |
| Refundable customer deposits | $12.5M | $12.6M | $18.0M | $20.1M |
| Current debt | $7.8M | $150.0K | $244.0K | $16.5M |
| Losses and loss adjustment expense reserves | $0 | $67.8M | $95.5M | $100.6M |
| Other insurance liabilities, current | $0 | $39.1M | $31.6M | $61.7M |
| Total current liabilities | $67.8M | $414.2M | $462.2M | $515.6M |
| Long-term debt | $385.1M | $403.8M | $435.5M | $425.3M |
| Other liabilities | $15.0M | $39.2M | $37.4M | $25.5M |
| Accounts payable and other current liabilities | $13.8M | — | — | — |
| Total liabilities | $775.0M | $857.2M | $935.1M | $969.7M |
| Common stock | $11.0K | $10.0K | $10.0K | $10.0K |
| Additional paid-in capital | $623.0M | $717.1M | $690.2M | $670.5M |
| Accumulated other comprehensive income (loss) | $642.0K | ($5.4M) | ($3.9M) | ($6.2M) |
| Accumulated deficit | ($648.3M) | ($754.9M) | ($722.1M) | ($585.0M) |
| Porch stockholders' deficit | ($24.6M) | ($43.2M) | ($35.7M) | $79.4M |
| Noncontrolling interest related to the Reciprocal | $47.0M | — | — | — |
| Total stockholders' equity (deficit) | $22.4M | — | — | — |
| Total liabilities and stockholders' equity (deficit) | $797.4M | $814.0M | $899.4M | $1.0B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $187.5M | $64.2M | $73.4M | $76.1M |
| Accounts receivable, net | $25.6M | $12.1M | $13.2M | $12.2M |
| Short-term investments | $30.4M | $4.2M | $11.6M | $3.7M |
| Prepaid expenses | $4.8M | $7.5M | — | — |
| Restricted cash and cash equivalents | $7.6M | $8.1M | $8.1M | $8.4M |
| Other current assets | $7.7M | $5.3M | — | — |
| Total current assets | $93.5M | $101.5M | $116.3M | $113.8M |
| Property, equipment, and software, net | $29.9M | $29.6M | $28.4M | $26.5M |
| Goodwill | $191.9M | $191.9M | $191.9M | $191.9M |
| Long-term investments | $231.8M | $57.6M | $38.9M | $29.2M |
| Intangible assets, net | $43.1M | $28.8M | $32.2M | $35.2M |
| Other assets | $7.3M | $6.4M | $6.8M | $7.0M |
| Cash and cash equivalents, including restricted | $195.6M | $179.4M | $192.8M | $187.9M |
| Reinsurance balance due | $7.9M | $38.4M | $0 | $0 |
| Prepaid expenses and other current assets | $6.1M | $3.2M | $9.9M | $13.3M |
| Deferred policy acquisition costs | $36.7M | $28.5M | — | — |
| Total assets | $819.0M | $806.6M | $787.7M | $770.7M |
| Accounts payable | $2.6M | $3.4M | $4.6M | $4.2M |
| Accrued expenses and other current liabilities | $39.1M | $52.2M | $57.0M | $44.3M |
| Deferred revenue | $4.3M | $4.2M | $4.5M | $4.3M |
| Refundable customer deposits | $10.9M | $11.8M | $13.3M | $13.5M |
| Current debt | $7.8M | $7.8M | $7.8M | $0 |
| Total current liabilities | $64.6M | $79.3M | $87.1M | $66.2M |
| Long-term debt | $397.5M | $391.3M | $379.4M | $394.1M |
| Other liabilities | $11.4M | $12.0M | $14.8M | $17.7M |
| Accounts payable and other current liabilities | $5.4M | $7.8M | — | — |
| Deferred revenue | $227.2M | $215.2M | $203.5M | $193.1M |
| Losses and loss adjustment expense reserves | $61.1M | $47.4M | $0 | $0 |
| Other insurance liabilities, current | $31.6M | $26.4M | $0 | $0 |
| Total liabilities | $799.6M | $780.3M | $777.3M | $772.9M |
| Redeemable noncontrolling interest related to the Reciprocal | $10.0K | — | — | — |
| Common stock, $0.0001 par value per share | $11000.00 | $11000.00 | $10000.00 | $10000.00 |
| Additional paid-in capital | $638.6M | $630.4M | $616.5M | $604.3M |
| Accumulated other comprehensive income (loss) | ($525.0K) | ($316.0K) | $350.0K | $298.0K |
| Accumulated deficit | ($649.9M) | ($655.5M) | ($644.8M) | ($633.9M) |
| Porch stockholders' deficit | ($11.8M) | ($25.4M) | ($27.9M) | ($29.3M) |
| Noncontrolling interest related to the Reciprocal | $31.2M | $51.7M | $38.4M | $27.1M |
| Total stockholders' equity | $19.4M | $26.3M | $10.5M | ($2.2M) |
| Total liabilities, redeemable noncontrolling interest, and stockholders' equity | $819.0M | $806.6M | $787.7M | $770.7M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income (loss) | $15.3M | ($32.8M) | ($133.9M) | ($156.6M) |
| Depreciation and amortization | $24.5M | $25.5M | $24.4M | $27.9M |
| Provision for doubtful accounts | $5.3M | $239.0K | $37.2M | — |
| Impairment loss on intangible assets and goodwill | $0 | $0 | $57.2M | $61.4M |
| Gain on extinguishment of debt | ($395.0K) | ($27.4M) | ($81.4M) | — |
| Loss on divestiture of business | $0 | $5.3M | — | — |
| Change in fair value of private warrant liability | $4.0M | ($691.0K) | $444.0K | — |
| Change in fair value of contingent consideration | ($44.0K) | ($3.4M) | ($5.7M) | — |
| Change in fair value of derivatives | ($19.6M) | ($5.9M) | — | — |
| Stock-based compensation | $29.0M | $27.2M | $20.7M | $27.0M |
| Non-cash interest expense | $29.2M | $27.3M | $20.8M | $2.3M |
| Gain on settlement of contingent consideration | $0 | ($14.9M) | — | — |
| Other operating activities | ($2.6M) | ($4.1M) | — | — |
| Accounts receivable | ($5.5M) | ($155.0K) | $1.0M | ($4.9M) |
| Reinsurance balance due | $53.6M | ($7.4M) | $179.4M | ($70.6M) |
| Deferred policy acquisition costs | ($9.2M) | $9.6M | ($18.5M) | — |
| Accounts payable | ($162.0K) | ($4.2M) | $2.5M | ($697.0K) |
| Accrued expenses and other current liabilities | $4.1M | ($10.7M) | ($1.4M) | ($6.5M) |
| Losses and loss adjustment expense reserves | ($18.6M) | ($27.7M) | ($5.1M) | $38.7M |
| Other insurance liabilities, current | ($15.3M) | $7.6M | ($30.1M) | $21.7M |
| Deferred revenue | ($25.0M) | ($437.0K) | ($21.6M) | $66.3M |
| Refundable customer deposits | ($94.0K) | ($5.4M) | ($13.9M) | $6.5M |
| Other assets and liabilities, net | ($2.0M) | $10.9M | ($3.5M) | ($990.0K) |
| Net cash provided by (used in) operating activities | $66.4M | ($31.7M) | $33.9M | ($17.7M) |
| Purchases of property and equipment | ($454.0K) | ($523.0K) | ($851.0K) | ($2.4M) |
| Capitalized internal use software development costs | ($13.9M) | ($12.3M) | ($9.2M) | ($8.1M) |
| Purchases of short-term and long-term investments | ($148.3M) | ($110.9M) | ($91.0M) | ($52.5M) |
| Maturities, sales of short-term and long-term investments | $89.6M | $67.8M | $46.8M | $21.9M |
| Proceeds from sale of business | $1.2M | $10.9M | — | — |
| Acquisitions, net of cash acquired | $0 | $0 | ($2.0M) | ($38.6M) |
| Net cash used in investing activities | ($71.9M) | ($45.1M) | ($56.3M) | ($79.7M) |
| Proceeds from advance funding | $0 | $0 | $319.0K | — |
| Repayments of advance funding | $0 | $0 | ($4.1M) | ($22.7M) |
| Proceeds from issuance of debt | $51.0M | $0 | $116.7M | — |
| Repayments of principal | ($68.2M) | ($23.4M) | ($10.2M) | ($5.2M) |
| Cash paid for debt issuance costs | ($2.2M) | $0 | ($4.7M) | — |
| Repurchase of stock | $0 | $0 | ($5.6M) | ($1.8M) |
| Other financing activities | ($2.8M) | ($339.0K) | ($210.0K) | — |
| Net cash used in financing activities | ($22.2M) | ($23.7M) | $91.0M | $1.2M |
| Net change in cash, cash equivalents, and restricted cash and cash equivalents | ($27.7M) | ($100.5M) | $68.6M | — |
| Cash, cash equivalents, and restricted cash and cash equivalents at beginning of period | $196.8M | $297.2M | $228.6M | $324.8M |
| Cash, cash equivalents, and restricted cash and cash equivalents at end of period | $169.1M | — | — | — |
| Non-cash reduction in advance funding arrangement obligations | $0 | $94.0K | — | — |
| Non-cash reduction of convertible notes, net | $15.0M | — | — | — |
| Non-cash additions of internally developed software | $434.0K | — | — | — |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net income (loss) | ($12.2M) | $1.9M | $11.0M | $12.0M |
| Depreciation and amortization | $15.6M | $5.1M | $17.3M | $11.4M |
| Provision for doubtful accounts | $2.7M | $1.5M | $3.5M | $2.8M |
| Gain on extinguishment of debt | $0 | — | ($395.0K) | ($34.0K) |
| Change in fair value of private warrant liability | $0 | $0 | $9.3M | $3.6M |
| Change in fair value of derivatives | ($2.6M) | ($1.8M) | ($21.3M) | ($19.5M) |
| Stock-based compensation | $15.1M | $7.3M | $20.1M | $12.9M |
| Non-cash interest expense | $21.5M | $14.9M | $31.6M | $17.5M |
| Other operating activities | ($2.0M) | ($1.0M) | ($1.7M) | ($829.0K) |
| Accounts receivable | ($7.8M) | ($3.7M) | ($4.1M) | ($2.0M) |
| Reinsurance balance due | $29.6M | ($764.0K) | $55.4M | $46.8M |
| Deferred policy acquisition costs | ($10.0M) | ($1.8M) | $7.0M | $7.9M |
| Prepaid expenses and other current assets | ($5.5M) | ($5.7M) | — | — |
| Accounts payable | ($1.1M) | ($355.0K) | $2.3M | ($336.0K) |
| Accrued expenses and other current liabilities | ($17.7M) | ($2.3M) | $1.0M | ($4.4M) |
| Losses and loss adjustment expense reserves | $11.9M | ($1.7M) | ($10.7M) | $283.0K |
| Other insurance liabilities, current | $7.7M | $2.5M | ($12.4M) | ($9.2M) |
| Deferred revenue | $7.2M | ($4.8M) | ($40.9M) | ($51.5M) |
| Refundable customer deposits | ($1.7M) | ($762.0K) | $655.0K | $869.0K |
| Other assets and liabilities, net | $3.5M | $4.4M | ($2.4M) | ($3.7M) |
| Net cash provided by operating activities | $54.3M | $13.0M | $65.2M | $24.4M |
| Purchases of property and equipment | ($548.0K) | ($176.0K) | ($362.0K) | ($271.0K) |
| Capitalized internal use software development costs | ($8.3M) | ($3.6M) | ($10.5M) | ($6.8M) |
| Purchases of short-term and long-term investments | ($62.8M) | ($30.1M) | ($104.0M) | ($75.4M) |
| Maturities, sales of short-term and long-term investments | $45.9M | $33.4M | $64.2M | $57.2M |
| Net cash used in investing activities | ($25.7M) | ($390.0K) | ($49.4M) | ($25.3M) |
| Proceeds from issuance of debt | $0 | — | $51.0M | $51.0M |
| Repayments of principal | $0 | $0 | ($68.2M) | ($55.9M) |
| Cash paid for debt issuance costs | $0 | — | ($2.2M) | ($2.2M) |
| Repurchase of stock | ($2.5M) | ($2.5M) | — | — |
| Other financing activities | $430.0K | $124.0K | ($423.0K) | ($947.0K) |
| Net cash used in financing activities | ($2.1M) | ($2.4M) | ($19.8M) | ($8.0M) |
| Net change in cash, cash equivalents, and restricted cash and cash equivalents | $26.5M | $10.2M | ($4.0M) | ($8.9M) |
| Cash, cash equivalents, and restricted cash and cash equivalents at beginning of period | $169.1M | $169.1M | $196.8M | $196.8M |
| Cash, cash equivalents, and restricted cash and cash equivalents at end of period | $195.6M | $179.4M | $192.8M | $187.9M |
| Non-cash reduction of convertible notes, net | $0 | — | $15.0M | $14.5M |
| Non-cash additions of internally developed software | $671.0K | $1.1M | — | — |
| Cash paid for interest | $17.3M | $41.0K | $12.1M | $12.0M |
| Income taxes paid | $13.2M | $8.3M | $451.0K | $349.0K |
Porch Group, Inc. score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.