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Porch Group (PRCH) Financials

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$15.78 +0.44 (+2.84%)
As of 03:33 PM Eastern
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Annual Income Statements for Porch Group

Annual Income Statements for Porch Group

This table shows Porch Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 -103 -71 -107 -157 -134 -33
Consolidated Net Income / (Loss)		 -103 -54 -107 -157 -134 -33
Net Income / (Loss) Continuing Operations		 -103 -54 -107 -157 -134 -33
Total Pre-Tax Income 		-103 -56 -117 -156 -133 -31
Total Operating Income		 -88 -42 -83 -177 -190 -65
Total Gross Profit		 56 55 133 168 173 212
Total Revenue		 78 72 192 276 430 438
Operating Revenue		 78 72 192 276 430 438
Total Cost of Revenue		 22 18 60 108 257 226
Operating Cost of Revenue		 22 18 59 108 220 226
Other Cost of Revenue		 - - 1.06 0.81 37 0.24
Total Operating Expenses		 144 97 216 345 363 277
Selling, General & Admin Expense		 52 28 85 110 103 98
Marketing Expense		 56 42 84 114 144 123
Other Operating Expenses / (Income)		 36 27 47 60 59 55
Impairment Charge		 - 0.00 0.00 61 57 0.00
Total Other Income / (Expense), net		 -15 -13 -34 21 57 34
Interest Expense		 7.62 8.99 0.65 8.72 -50 15
Interest & Investment Income		 0.00 0.00 0.70 1.17 8.29 14
Other Income / (Expense), net		 -7.48 -4.50 -34 29 -0.77 35
Income Tax Expense		 0.10 -1.69 -10 0.84 0.62 2.12
Basic Earnings per Share		 ($3.31) ($1.96) ($1.14) ($1.61) ($1.39) ($0.33)
Weighted Average Basic Shares Outstanding		 31.17M 36.34M 93.89M 97.35M 96.06M 99.59M
Diluted Earnings per Share		 ($3.31) ($2.03) ($1.14) ($1.61) ($1.39) ($0.33)
Weighted Average Diluted Shares Outstanding		 31.17M 36.37M 93.89M 97.35M 96.06M 99.59M
Weighted Average Basic & Diluted Shares Outstanding		 - 89.42M 98.14M 96.98M 97.60M 120.06M

Quarterly Income Statements for Porch Group

This table shows Porch Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
Net Income / (Loss) Attributable to Common Shareholders		 -35 -39 -87 -5.74 -2.49 -13 -64 14 30 8.40 2.58
Consolidated Net Income / (Loss)		 -35 -39 -87 -5.74 -2.49 -13 -64 14 30 3.74 8.25
Net Income / (Loss) Continuing Operations		 -35 -39 -87 -5.74 -2.49 -13 -64 14 30 3.74 8.25
Total Pre-Tax Income 		-35 -39 -87 -5.63 -1.90 -13 -64 14 32 4.64 7.16
Total Operating Income		 -34 -39 -159 0.20 7.38 -35 -52 -2.50 25 -1.27 5.05
Total Gross Profit		 43 36 -31 83 85 37 17 64 88 65 76
Total Revenue		 64 87 99 130 115 115 111 111 100 105 119
Operating Revenue		 64 87 99 130 115 115 111 111 100 105 119
Total Cost of Revenue		 21 51 130 46 30 78 94 47 12 39 43
Operating Cost of Revenue		 20 51 81 53 35 78 94 47 11 39 43
Total Operating Expenses		 77 75 128 83 77 72 69 67 63 67 71
Selling, General & Admin Expense		 30 26 23 29 26 26 23 25 23 24 31
Marketing Expense		 28 33 35 40 37 34 33 27 28 30 27
Research & Development Expense		 - - - - - 12 13 - - 13 13
Total Other Income / (Expense), net		 -1.11 -0.32 72 -5.83 -9.28 21 -11 17 6.83 5.91 2.11
Interest Expense		 2.22 2.19 -73 10 11 5.90 10 -12 11 11 12
Interest & Investment Income		 0.40 0.76 1.25 2.49 3.79 3.64 3.53 3.79 2.74 2.81 2.67
Other Income / (Expense), net		 0.72 1.11 -1.36 1.96 -2.47 24 -4.36 1.02 15 14 11
Income Tax Expense		 0.57 -0.11 0.03 0.12 0.59 0.18 0.69 -0.18 1.43 0.90 -1.09
Net Income / (Loss) Attributable to Noncontrolling Interest		 - - - - - 0.00 0.00 - - -4.66 5.67
Basic Earnings per Share		 ($0.37) ($0.41) ($0.91) ($0.06) ($0.01) ($0.14) ($0.65) $0.14 $0.32 $0.08 $0.03
Weighted Average Basic Shares Outstanding		 97.35M 95.21M 95.73M 98.87M 96.06M 99.19M 99.19M 119.54M 99.59M 121.54M 103.16M
Diluted Earnings per Share		 ($0.37) ($0.41) ($0.91) ($0.06) ($0.01) ($0.14) ($0.65) $0.12 $0.34 $0.07 $0.00
Weighted Average Diluted Shares Outstanding		 97.35M 95.21M 95.73M 98.87M 96.06M 99.19M 99.19M 119.54M 99.59M 121.54M 131.68M
Weighted Average Basic & Diluted Shares Outstanding		 96.98M 97.82M 98.43M 98.87M 97.60M 99.19M 118.77M 119.54M 120.06M 121.54M 122.58M

Annual Cash Flow Statements for Porch Group

This table details how cash moves in and out of Porch Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 -0.06 200 117 -96 69 -100
Net Cash From Operating Activities		 -29 -49 -35 -18 34 -32
Net Cash From Continuing Operating Activities		 -29 -49 -35 -18 34 -32
Net Income / (Loss) Continuing Operations		 -103 -54 -107 -157 -134 -33
Consolidated Net Income / (Loss)		 -103 -54 -107 -157 -134 -33
Depreciation Expense		 7.38 6.64 16 28 24 26
Non-Cash Adjustments To Reconcile Net Income		 53 15 49 109 48 -5.11
Changes in Operating Assets and Liabilities, net		 13 -16 6.38 2.07 95 -19
Net Cash From Investing Activities		 -5.21 -11 -263 -80 -56 -45
Net Cash From Continuing Investing Activities		 -5.21 -11 -263 -80 -56 -45
Purchase of Property, Plant & Equipment		 -4.57 -2.88 -4.69 -10 -10 -13
Acquisitions		 0.12 -7.79 -256 -39 -1.97 0.00
Purchase of Investments		 0.00 0.00 -24 -53 -91 -111
Divestitures		 -0.75 - - 0.00 0.00 11
Sale and/or Maturity of Investments		 0.00 0.00 22 22 47 68
Net Cash From Financing Activities		 34 260 416 1.23 91 -24
Net Cash From Continuing Financing Activities		 34 259 416 1.23 91 -24
Repayment of Debt		 -0.20 -82 -43 -31 -20 -24
Repurchase of Common Equity		 0.00 -0.04 0.00 -1.81 -5.61 0.00
Issuance of Debt		 31 66 414 15 117 0.00
Other Financing Activities, net		 0.11 299 45 19 0.32 0.00
Cash Interest Paid		 3.47 9.10 2.66 3.51 12 24
Cash Income Taxes Paid		 - 0.00 0.00 -0.67 -2.29 0.62

Quarterly Cash Flow Statements for Porch Group

This table details how cash moves in and out of Porch Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
Net Change in Cash & Equivalents		 -48 -34 111 57 -64 19 -31 -69 -20 -31 22
Net Cash From Operating Activities		 -7.38 -22 13 84 -41 8.47 -26 12 -27 -11 36
Net Cash From Continuing Operating Activities		 -7.38 -22 13 84 -41 8.47 -26 12 -27 -11 36
Net Income / (Loss) Continuing Operations		 -35 -39 -87 -5.74 -2.49 -13 -64 14 30 3.74 8.25
Consolidated Net Income / (Loss)		 -35 -39 -87 -5.74 -2.49 -13 -64 14 30 3.74 8.25
Depreciation Expense		 6.36 6.02 6.21 6.27 5.91 6.32 6.20 6.05 6.95 5.99 5.43
Non-Cash Adjustments To Reconcile Net Income		 9.24 25 88 -27 -37 33 53 -37 -41 16 1.83
Changes in Operating Assets and Liabilities, net		 12 -14 6.03 110 -6.94 -18 -21 29 -23 -37 20
Net Cash From Investing Activities		 -33 -5.15 -2.80 -26 -22 13 -3.93 -61 7.15 -19 -5.90
Net Cash From Continuing Investing Activities		 -33 -5.15 -2.80 -26 -22 13 -3.93 -61 7.15 -19 -5.90
Purchase of Property, Plant & Equipment		 -2.66 -2.78 -2.62 -2.29 -2.40 -2.36 -3.19 -3.38 -3.87 -3.35 -3.68
Purchase of Investments		 -33 - - -36 -31 4.71 - -79 -13 -41 -35
Sale and/or Maturity of Investments		 4.11 -0.39 23 12 12 10 18 21 24 25 32
Net Cash From Financing Activities		 -7.77 -7.27 100 -0.56 -1.46 -2.50 -0.63 -20 -0.44 -0.23 -7.78
Net Cash From Continuing Financing Activities		 -7.77 -7.27 100 -0.56 -1.46 -2.50 -0.63 -20 -0.44 -0.23 -7.78
Repayment of Debt		 -9.49 -0.70 -15 -3.24 -1.46 -2.50 -0.63 -20 -0.44 -0.23 -59
Cash Interest Paid		 0.33 1.80 0.48 -0.12 10 0.97 11 0.46 11 0.01 12
Cash Income Taxes Paid		 - 2.38 -4.68 -0.08 0.09 0.17 0.71 0.01 0.08 0.09 0.26

Annual Balance Sheets for Porch Group

This table presents Porch Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Total Assets		 48 268 1,039 1,049 899 814
Total Current Assets		 10 216 605 611 481 365
Cash & Equivalents		 4.18 196 316 215 258 168
Restricted Cash		 0.00 11 8.55 14 39 29
Short-Term Investments		 - 0.00 9.25 37 36 24
Accounts Receivable		 4.71 4.27 29 26 24 19
Prepaid Expenses		 1.29 4.08 14 11 13 33
Other Current Assets		 - 0.00 228 308 111 92
Plant, Property, & Equipment, net		 6.66 4.59 6.67 12 17 23
Total Noncurrent Assets		 32 48 427 426 401 623
Long-Term Investments		 - 0.00 58 55 104 159
Goodwill		 18 28 226 245 192 192
Intangible Assets		 9.83 16 130 108 87 69
Other Noncurrent Operating Assets		 3.53 0.38 5.69 5.85 19 204
Total Liabilities & Shareholders' Equity		 48 268 1,039 1,049 899 814
Total Liabilities		 108 161 822 970 935 857
Total Current Liabilities		 57 32 363 516 462 414
Short-Term Debt		 20 4.75 0.15 16 0.24 0.15
Accounts Payable		 4.81 9.20 6.97 6.27 8.76 4.54
Accrued Expenses		 17 9.91 38 40 59 41
Customer Deposits		 3.17 2.66 15 20 18 13
Current Deferred Revenue		 3.33 5.21 201 271 249 249
Other Current Liabilities		 - 0.00 102 162 127 107
Total Noncurrent Liabilities		 51 129 459 454 473 443
Long-Term Debt		 41 43 415 425 435 404
Noncurrent Deferred Revenue		 - 0.53 - - - 0.00
Other Noncurrent Operating Liabilities		 10 86 44 29 37 39
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 -60 107 217 79 -36 -43
Total Preferred & Common Equity		 -60 107 217 79 -36 -43
Total Common Equity		 -60 107 217 79 -36 -43
Common Stock		 203 425 641 671 690 717
Retained Earnings		 -263 -318 -424 -585 -722 -755
Accumulated Other Comprehensive Income / (Loss)		 - 0.00 -0.26 -6.17 -3.86 -5.45
Noncontrolling Interest		 - - - - - 0.00

Quarterly Balance Sheets for Porch Group

This table presents Porch Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q2 2022 Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025
Period end date 6/30/2022 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025
Total Assets		 1,120 1,072 1,017 1,047 967 881 876 867 802 771
Total Current Assets		 625 646 576 658 562 480 480 407 111 114
Cash & Equivalents		 271 260 179 266 343 279 274 207 66 76
Restricted Cash		 11 16 15 39 19 37 11 9.95 17 8.41
Short-Term Investments		 8.17 7.21 34 26 29 31 34 32 4.51 3.75
Accounts Receivable		 38 37 24 25 27 21 21 21 12 12
Prepaid Expenses		 23 21 31 30 46 17 18 17 12 13
Other Current Assets		 274 304 293 272 98 96 121 120 94 46
Plant, Property, & Equipment, net		 9.98 11 14 15 16 18 19 21 24 26
Total Noncurrent Assets		 479 415 427 375 390 383 377 439 429 451
Long-Term Investments		 56 55 59 67 87 103 101 166 192 217
Goodwill		 274 228 247 192 192 192 192 192 192 192
Intangible Assets		 137 112 102 97 92 83 78 73 38 35
Other Noncurrent Operating Assets		 2.02 8.25 6.50 5.71 5.75 5.60 5.58 8.14 7.09 6.97
Total Liabilities & Shareholders' Equity		 1,120 1,072 1,017 1,047 967 881 876 867 802 771
Total Liabilities		 921 957 971 1,084 1,005 925 978 944 834 773
Total Current Liabilities		 469 504 517 604 522 444 487 492 73 66
Short-Term Debt		 0.15 6.28 10 5.44 1.65 0.15 0.15 0.15 0.00 0.00
Accounts Payable		 7.74 6.72 6.20 9.33 9.05 5.25 3.13 5.15 5.67 4.18
Accrued Expenses		 48 37 39 34 42 53 46 47 47 44
Customer Deposits		 19 20 21 20 19 16 14 13 13 13
Current Deferred Revenue		 243 278 247 257 265 216 223 252 8.01 4.26
Other Current Liabilities		 150 156 194 279 184 153 200 174 72 68
Total Noncurrent Liabilities		 448 454 455 480 483 481 491 453 687 635
Long-Term Debt		 417 425 425 427 431 432 437 399 409 394
Noncurrent Deferred Revenue		 - - - - - - - - 215 193
Other Noncurrent Operating Liabilities		 32 29 29 53 52 49 54 54 63 48
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 199 115 45 -37 -37 -44 -102 -77 -32 -2.19
Total Preferred & Common Equity		 199 115 45 -37 -37 -44 -102 -77 -52 -29
Total Common Equity		 199 115 45 -37 -37 -44 -102 -77 -52 -29
Common Stock		 660 664 677 683 690 696 703 709 584 604
Retained Earnings		 -456 -543 -627 -714 -720 -735 -800 -785 -637 -634
Accumulated Other Comprehensive Income / (Loss)		 -4.56 -6.57 -5.30 -6.08 -7.64 -4.69 -4.90 -1.06 0.28 0.30
Noncontrolling Interest		 - - - - - - - - 20 27

Annual Metrics And Ratios for Porch Group

This table displays calculated financial ratios and metrics derived from Porch Group's official financial filings.

Metric 2019 2020 2021 2022 2023 2024
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - - - - -
Revenue Growth		 0.00% -6.83% 166.16% 43.40% 55.94% 1.75%
EBITDA Growth		 0.00% 54.56% -150.80% -19.58% -38.65% 97.73%
EBIT Growth		 0.00% 51.12% -150.20% -26.71% -28.99% 84.66%
NOPAT Growth		 0.00% 52.08% -97.40% -112.38% -7.52% 66.08%
Net Income Growth		 0.00% 47.70% -97.30% -46.86% 14.45% 75.49%
EPS Growth		 0.00% 38.67% 43.84% -41.23% 13.66% 76.26%
Operating Cash Flow Growth		 0.00% -65.91% 28.54% 49.00% 291.30% -193.38%
Free Cash Flow Firm Growth		 0.00% 0.00% -1,892.83% 75.77% 222.48% -160.33%
Invested Capital Growth		 0.00% -1,616.43% 560.09% -16.27% -118.10% 48.23%
Revenue Q/Q Growth		 0.00% 0.00% 20.69% 4.76% 13.30% -3.15%
EBITDA Q/Q Growth		 0.00% 0.00% 4.64% -12.39% 18.38% 90.50%
EBIT Q/Q Growth		 0.00% 0.00% 2.63% -10.44% 16.58% 54.45%
NOPAT Q/Q Growth		 0.00% 0.00% 2.16% -9.67% 17.78% 21.51%
Net Income Q/Q Growth		 0.00% 0.00% 0.35% -10.88% 19.76% 50.10%
EPS Q/Q Growth		 0.00% 0.00% 45.19% -17.52% 20.57% 51.47%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 52.60% -419.81% -49.75% 31.20%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 56.15% -17.94% -34.76%
Invested Capital Q/Q Growth		 0.00% 0.00% 89.30% -3.12% 55.36% 79.65%
Profitability Metrics		 - - - - - -
Gross Margin		 72.29% 75.71% 68.93% 60.72% 40.18% 48.41%
EBITDA Margin		 -113.70% -55.45% -52.25% -43.57% -38.74% -0.86%
Operating Margin		 -113.57% -58.41% -43.32% -64.16% -44.24% -14.75%
EBIT Margin		 -123.21% -64.64% -60.77% -53.69% -44.42% -6.69%
Profit (Net Income) Margin		 -133.15% -74.73% -55.40% -56.74% -31.13% -7.50%
Tax Burden Percent		 100.09% 96.97% 91.21% 100.54% 100.47% 106.89%
Interest Burden Percent		 107.97% 119.23% 99.95% 105.09% 69.75% 104.79%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% 0.00% -62.16% -56.23% -161.98% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 8.49% -101.43% -163.12% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% -3.57% -49.41% -451.40% 0.00%
Return on Equity (ROE)		 172.26% -228.24% -65.73% -105.64% -613.39% 83.21%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% -146.06% -38.52% 0.00% 0.00%
Operating Return on Assets (OROA)		 -197.26% -29.50% -17.89% -14.19% -19.62% -3.42%
Return on Assets (ROA)		 -213.17% -34.11% -16.31% -15.00% -13.75% -3.83%
Return on Common Equity (ROCE)		 172.26% -228.24% -65.73% -105.64% -613.39% 83.21%
Return on Equity Simple (ROE_SIMPLE)		 172.26% -50.34% -49.12% -197.29% 375.34% 75.95%
Net Operating Profit after Tax (NOPAT)		 -62 -30 -58 -124 -133 -45
NOPAT Margin		 -79.50% -40.89% -30.33% -44.91% -30.97% -10.32%
Net Nonoperating Expense Percent (NNEP)		 73.12% -47.73% -70.64% 45.19% 1.13% -104.24%
Return On Investment Capital (ROIC_SIMPLE)		 - - - -23.78% -33.31% -12.53%
Cost of Revenue to Revenue		 27.71% 24.29% 31.07% 39.28% 59.82% 51.59%
SG&A Expenses to Revenue		 67.03% 39.00% 44.04% 39.80% 23.98% 22.47%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 185.86% 134.12% 112.26% 124.88% 84.41% 63.16%
Earnings before Interest and Taxes (EBIT)		 -96 -47 -117 -148 -191 -29
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -88 -40 -101 -120 -167 -3.79
Valuation Ratios		 - - - - - -
Price to Book Value (P/BV)		 0.00 2.87 7.04 2.38 0.00 0.00
Price to Tangible Book Value (P/TBV)		 0.00 4.88 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 1.93 4.26 7.94 0.69 0.71 1.34
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 6.47 1.55 0.00 0.00
Enterprise Value to Revenue (EV/Rev)		 2.67 2.05 8.06 1.13 0.71 1.40
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 8.96 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 7.58 0.00 0.00 2.92 0.00
Leverage & Solvency		 - - - - - -
Debt to Equity		 -1.02 0.45 1.91 5.57 -12.21 -9.35
Long-Term Debt to Equity		 -0.68 0.40 1.91 5.36 -12.20 -9.34
Financial Leverage		 -0.95 -2.17 -0.42 0.49 2.77 -0.30
Leverage Ratio		 -0.81 6.69 4.03 7.04 44.62 -21.71
Compound Leverage Factor		 -0.87 7.98 4.03 7.40 31.12 -22.75
Debt to Total Capital		 5,356.70% 30.90% 65.65% 84.77% 108.92% 111.98%
Short-Term Debt to Total Capital		 1,793.25% 3.06% 0.02% 3.16% 0.06% 0.04%
Long-Term Debt to Total Capital		 3,563.45% 27.84% 65.62% 81.61% 108.86% 111.94%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 -5,256.70% 69.10% 34.35% 15.23% -8.92% -11.98%
Debt to EBITDA		 -0.69 -1.20 -4.12 -3.67 -2.61 -106.66
Net Debt to EBITDA		 -0.65 3.98 -0.23 -1.01 0.00 -6.44
Long-Term Debt to EBITDA		 -0.46 -1.08 -4.12 -3.54 -2.61 -106.62
Debt to NOPAT		 -0.99 -1.62 -7.11 -3.56 -3.27 -8.94
Net Debt to NOPAT		 -0.92 5.39 -0.39 -0.98 0.01 -0.54
Long-Term Debt to NOPAT		 -0.66 -1.46 -7.10 -3.43 -3.27 -8.93
Altman Z-Score		 -12.86 0.01 0.64 -0.76 -1.13 -0.54
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - -
Current Ratio		 0.18 6.80 1.67 1.18 1.04 0.88
Quick Ratio		 0.15 6.31 0.97 0.54 0.69 0.51
Cash Flow Metrics		 - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 20 -350 -85 104 -63
Operating Cash Flow to CapEx		 -641.34% -1,689.90% -741.36% -169.72% 336.06% -247.61%
Free Cash Flow to Firm to Interest Expense		 0.00 2.18 -541.60 -9.73 0.00 -4.15
Operating Cash Flow to Interest Expense		 -3.85 -5.42 -53.75 -2.03 0.00 -2.10
Operating Cash Flow Less CapEx to Interest Expense		 -4.45 -5.74 -61.00 -3.23 0.00 -2.95
Efficiency Ratios		 - - - - - -
Asset Turnover		 1.60 0.46 0.29 0.26 0.44 0.51
Accounts Receivable Turnover		 16.47 16.11 11.65 10.00 16.97 20.18
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 11.65 12.85 34.18 29.19 29.57 22.22
Accounts Payable Turnover		 4.47 2.51 7.39 16.38 34.26 33.97
Days Sales Outstanding (DSO)		 22.16 22.66 31.33 36.51 21.51 18.09
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 81.59 145.58 49.36 22.28 10.65 10.75
Cash Conversion Cycle (CCC)		 -59.43 -122.92 -18.03 14.23 10.86 7.34
Capital & Investment Metrics		 - - - - - -
Invested Capital		 -3.04 -52 240 201 -36 -19
Invested Capital Turnover		 -25.54 -2.62 2.05 1.25 5.23 -15.87
Increase / (Decrease) in Invested Capital		 0.00 -49 292 -39 -237 18
Enterprise Value (EV)		 207 148 1,552 311 304 613
Market Capitalization		 150 308 1,529 189 305 588
Book Value per Share		 ($1.92) $4.98 $2.21 $0.79 ($0.36) ($0.36)
Tangible Book Value per Share		 ($2.83) $2.93 ($1.41) ($2.72) ($3.18) ($2.54)
Total Capital		 1.14 155 632 521 400 361
Total Debt		 61 48 415 442 436 404
Total Long-Term Debt		 41 43 415 425 435 404
Net Debt		 57 -159 23 122 -0.67 24
Capital Expenditures (CapEx)		 4.57 2.88 4.69 10 10 13
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -31 -19 -91 -154 -314 -270
Debt-free Net Working Capital (DFNWC)		 -27 189 242 111 19 -49
Net Working Capital (NWC)		 -47 184 242 95 19 -49
Net Nonoperating Expense (NNE)		 42 24 48 33 0.69 -12
Net Nonoperating Obligations (NNO)		 57 -159 23 122 -0.67 24
Total Depreciation and Amortization (D&A)		 7.38 6.64 16 28 24 26
Debt-free, Cash-free Net Working Capital to Revenue		 -39.96% -25.77% -47.52% -55.69% -72.89% -61.61%
Debt-free Net Working Capital to Revenue		 -34.57% 261.17% 125.81% 40.39% 4.46% -11.16%
Net Working Capital to Revenue		 -60.94% 254.60% 125.73% 34.43% 4.40% -11.20%
Earnings Adjustments		 - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 ($1.14) $0.00 ($1.39) ($0.33)
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 93.88M 0.00 96.06M 99.59M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 ($1.14) $0.00 ($1.39) ($0.33)
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 93.88M 0.00 96.06M 99.59M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 98.14M 0.00 97.60M 120.06M
Normalized Net Operating Profit after Tax (NOPAT)		 -62 -30 -58 -81 -93 -45
Normalized NOPAT Margin		 -79.50% -40.89% -30.33% -29.34% -21.66% -10.32%
Pre Tax Income Margin		 -133.03% -77.07% -60.74% -56.43% -30.98% -7.01%
Debt Service Ratios		 - - - - - -
EBIT to Interest Expense		 -12.55 -5.20 -180.73 -16.99 0.00 -1.94
NOPAT to Interest Expense		 -8.10 -3.29 -90.19 -14.21 0.00 -2.99
EBIT Less CapEx to Interest Expense		 -13.15 -5.52 -187.98 -18.18 0.00 -2.79
NOPAT Less CapEx to Interest Expense		 -8.70 -3.61 -97.44 -15.41 0.00 -3.84
Payout Ratios		 - - - - - -
Dividend Payout Ratio		 0.00% -55.52% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% -55.60% 0.00% -1.16% -4.19% 0.00%

Quarterly Metrics And Ratios for Porch Group

This table displays calculated financial ratios and metrics derived from Porch Group's official financial filings.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 24.29% 37.44% 39.27% 67.49% 78.77% 32.13% 12.23% -14.17% -12.43% -9.27% 7.62%
EBITDA Growth		 -98.40% -7,971.18% -723.86% 111.39% 140.49% 85.31% 67.24% -45.87% 333.42% 513.00% 143.34%
EBIT Growth		 -73.48% -417.44% -538.58% 102.61% 114.83% 70.79% 64.65% -169.08% 714.06% 219.60% 129.06%
NOPAT Growth		 -85.92% -34.45% -403.20% 100.24% 121.84% 10.02% 67.08% -1,920.73% 363.66% 95.80% 115.83%
Net Income Growth		 -76.39% -317.23% -218.25% 93.20% 92.99% 65.51% 26.03% 350.38% 1,325.82% 127.96% 112.82%
EPS Growth		 -184.62% -310.00% -225.00% 93.02% 97.30% 65.85% 28.57% 300.00% 3,500.00% 150.00% 100.00%
Operating Cash Flow Growth		 -206.40% -43.05% 17.87% 1,450.47% -454.83% 138.42% -295.94% -85.15% 35.07% -232.05% 236.96%
Free Cash Flow Firm Growth		 105.05% 113.17% 166.63% 308.38% 1,475.55% 481.28% -69.93% -97.06% -97.35% -108.41% -177.62%
Invested Capital Growth		 -16.27% -25.62% -100.72% -139.27% -118.10% -131.81% -4,386.44% -13.56% 48.23% 29.88% 49.51%
Revenue Q/Q Growth		 -17.12% 36.27% 13.04% 31.18% -11.53% 0.73% -3.98% 0.32% -9.75% 4.37% 13.89%
EBITDA Q/Q Growth		 63.89% -17.52% -392.10% 105.45% 28.42% -142.65% -997.14% 109.01% 928.28% -59.36% 15.13%
EBIT Q/Q Growth		 59.99% -13.12% -329.60% 101.34% 127.81% -322.78% -419.90% 97.38% 2,784.54% -67.27% 26.33%
NOPAT Q/Q Growth		 59.24% -14.01% -313.74% 100.12% 3,608.54% -569.76% -51.38% 93.10% 1,044.41% -104.26% 670.39%
Net Income Q/Q Growth		 58.01% -9.21% -124.48% 93.39% 56.72% -437.49% -381.39% 122.36% 111.89% -87.74% 120.74%
EPS Q/Q Growth		 56.98% -10.81% -121.95% 93.41% 83.33% -1,300.00% -364.29% 118.46% 183.33% -79.41% -100.00%
Operating Cash Flow Q/Q Growth		 -19.17% -198.36% 160.16% 531.32% -148.96% 120.66% -406.79% 147.84% -314.10% 57.98% 418.21%
Free Cash Flow Firm Q/Q Growth		 111.10% 158.48% 296.41% 83.29% -16.10% -4.64% -79.49% -82.06% -24.48% -402.66% -89.31%
Invested Capital Q/Q Growth		 -3.12% -3.53% -100.99% -4,145.52% 55.36% -69.55% -39.61% -7.46% 79.65% -129.65% -0.52%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 67.72% 41.31% -31.67% 64.40% 73.84% 32.12% 17.88% 57.70% 88.08% 62.48% 63.60%
EBITDA Margin		 -41.68% -35.95% -156.48% 6.50% 9.44% -4.00% -45.68% 4.10% 46.73% 18.20% 18.39%
Operating Margin		 -52.71% -44.10% -161.40% 0.15% 6.44% -30.03% -47.34% -2.25% 24.99% -1.21% 4.23%
EBIT Margin		 -51.60% -42.83% -162.77% 1.66% 4.28% -9.47% -51.27% -1.34% 39.80% 12.48% 13.85%
Profit (Net Income) Margin		 -55.33% -44.34% -88.05% -4.43% -2.17% -11.57% -58.03% 12.93% 30.36% 3.57% 6.91%
Tax Burden Percent		 101.64% 99.71% 100.03% 102.06% 130.98% 101.35% 101.08% 101.29% 95.51% 80.53% 115.18%
Interest Burden Percent		 105.50% 103.82% 54.08% -261.28% -38.68% 120.60% 111.96% -954.23% 79.88% 35.48% 43.35%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -1.29% 4.49% 19.47% -15.18%
Return on Invested Capital (ROIC)		 -46.20% -40.74% -278.93% 0.65% 23.58% -145.84% 0.00% 0.00% 0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 -62.57% -52.86% -231.19% -23.88% 10.91% -129.15% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 -30.48% -39.45% -146.98% -14.70% 30.20% -11,906.48% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Equity (ROE)		 -76.68% -80.18% -425.92% -14.05% 53.78% -12,052.32% 123.93% 115.19% 83.21% 41.45% -109.20%
Cash Return on Invested Capital (CROIC)		 -38.52% -28.22% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Return on Assets (OROA)		 -13.64% -12.50% -49.21% 0.62% 1.89% -4.57% -25.09% -0.66% 20.34% 6.33% 7.32%
Return on Assets (ROA)		 -14.63% -12.95% -26.62% -1.65% -0.96% -5.59% -28.39% 6.37% 15.52% 1.81% 3.66%
Return on Common Equity (ROCE)		 -76.68% -80.18% -425.92% -14.05% 53.78% -12,052.32% 123.93% 115.19% 83.21% 52.57% -137.64%
Return on Equity Simple (ROE_SIMPLE)		 0.00% -410.84% 668.59% 448.95% 0.00% 247.51% 84.31% 85.39% 0.00% 30.01% 0.00%
Net Operating Profit after Tax (NOPAT)		 -24 -27 -112 0.14 5.17 -24 -37 -2.54 24 -1.02 5.82
NOPAT Margin		 -36.90% -30.87% -112.98% 0.11% 4.51% -21.02% -33.14% -2.28% 23.87% -0.97% 4.87%
Net Nonoperating Expense Percent (NNEP)		 16.37% 12.13% -47.74% 24.53% 12.66% -16.68% 108.86% 56.70% -54.95% 32.85% 19.15%
Return On Investment Capital (ROIC_SIMPLE)		 -4.54% - - - 1.29% -6.25% - - 6.64% -0.27% 1.48%
Cost of Revenue to Revenue		 32.28% 58.69% 131.67% 35.60% 26.16% 67.88% 82.12% 42.30% 11.92% 37.52% 36.40%
SG&A Expenses to Revenue		 46.38% 29.83% 23.06% 22.12% 22.41% 22.09% 21.99% 22.37% 22.68% 22.91% 25.89%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 10.65% 0.00% 0.00% 0.00% 12.60% 10.96%
Operating Expenses to Revenue		 120.44% 85.41% 129.72% 64.25% 67.40% 62.15% 65.23% 59.95% 63.09% 63.69% 59.37%
Earnings before Interest and Taxes (EBIT)		 -33 -37 -161 2.15 4.91 -11 -57 -1.49 40 13 17
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -27 -31 -155 8.43 11 -4.62 -51 4.56 47 19 22
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 2.38 3.06 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 0.69 0.46 0.41 0.21 0.71 0.92 0.32 0.40 1.34 2.05 3.29
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 25.67
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 3.90%
Enterprise Value to Invested Capital (EV/IC)		 1.55 1.48 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Revenue (EV/Rev)		 1.13 0.96 0.52 0.09 0.71 0.88 0.35 0.37 1.40 2.40 3.56
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 51.54 16.75
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 22.76
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 59.86
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.51 8.96 6.25 6.57 0.00 0.00 0.00 151.63
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 3.47 0.27 2.92 3.23 5.83 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 5.57 9.62 -11.77 -11.64 -12.21 -9.86 -4.29 -5.18 -9.35 -12.77 -180.13
Long-Term Debt to Equity		 5.36 9.40 -11.62 -11.60 -12.20 -9.85 -4.28 -5.18 -9.34 -12.77 -180.13
Financial Leverage		 0.49 0.75 0.64 0.62 2.77 92.19 -0.37 0.52 -0.30 0.38 0.24
Leverage Ratio		 7.04 7.89 13.36 26.17 44.62 1,338.38 -13.87 -16.06 -21.71 -22.18 -15.82
Compound Leverage Factor		 7.43 8.19 7.22 -68.38 -17.26 1,614.09 -15.53 153.27 -17.34 -7.87 -6.86
Debt to Total Capital		 84.77% 90.59% 109.29% 109.40% 108.92% 111.29% 130.43% 123.93% 111.98% 108.50% 100.56%
Short-Term Debt to Total Capital		 3.16% 2.16% 1.37% 0.42% 0.06% 0.04% 0.04% 0.05% 0.04% 0.00% 0.00%
Long-Term Debt to Total Capital		 81.61% 88.43% 107.91% 108.98% 108.86% 111.25% 130.39% 123.88% 111.94% 108.50% 100.56%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 5.40% 6.92%
Common Equity to Total Capital		 15.23% 9.41% -9.29% -9.40% -8.92% -11.29% -30.43% -23.93% -11.98% -13.90% -7.47%
Debt to EBITDA		 -3.67 -2.89 -1.51 -2.12 -2.61 -3.09 -12.13 -10.01 -106.66 20.57 4.26
Net Debt to EBITDA		 -1.01 -0.98 -0.12 0.22 0.00 0.13 -0.44 0.39 -6.44 6.50 0.96
Long-Term Debt to EBITDA		 -3.54 -2.82 -1.49 -2.11 -2.61 -3.09 -12.13 -10.01 -106.62 20.57 4.26
Debt to NOPAT		 -3.56 -3.33 -1.96 -2.67 -3.27 -3.31 -7.84 -6.93 -8.94 -18.75 15.23
Net Debt to NOPAT		 -0.98 -1.14 -0.16 0.27 0.01 0.14 -0.28 0.27 -0.54 -5.93 3.43
Long-Term Debt to NOPAT		 -3.43 -3.25 -1.94 -2.66 -3.27 -3.31 -7.84 -6.93 -8.93 -18.75 15.23
Altman Z-Score		 -0.40 -0.53 -1.01 -0.54 -0.41 -0.37 -0.87 -0.75 -0.26 0.16 0.67
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -26.83% -26.04%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.18 1.11 1.09 1.08 1.04 1.08 0.99 0.83 0.88 1.52 1.72
Quick Ratio		 0.54 0.46 0.52 0.76 0.69 0.75 0.68 0.53 0.51 1.13 1.39
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 15 40 158 289 242 231 47 8.50 6.42 -19 -37
Operating Cash Flow to CapEx		 -277.49% -791.63% 505.11% 3,650.74% -1,709.18% 359.30% -814.62% 367.93% -686.68% -334.07% 966.29%
Free Cash Flow to Firm to Interest Expense		 6.93 18.17 0.00 28.14 22.87 39.20 4.59 0.00 0.60 -1.73 -3.06
Operating Cash Flow to Interest Expense		 -3.33 -10.07 0.00 8.15 -3.87 1.44 -2.52 0.00 -2.47 -0.99 2.96
Operating Cash Flow Less CapEx to Interest Expense		 -4.53 -11.34 0.00 7.93 -4.09 1.04 -2.82 0.00 -2.83 -1.29 2.65
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.26 0.29 0.30 0.37 0.44 0.48 0.49 0.49 0.51 0.51 0.53
Accounts Receivable Turnover		 10.00 11.19 10.37 11.88 16.97 20.65 20.39 18.76 20.18 25.85 25.88
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 29.19 27.17 26.47 28.24 29.57 29.28 27.64 24.57 22.22 20.40 19.05
Accounts Payable Turnover		 16.38 18.91 27.55 31.47 34.26 49.70 38.99 34.35 33.97 34.20 37.24
Days Sales Outstanding (DSO)		 36.51 32.63 35.20 30.72 21.51 17.68 17.90 19.46 18.09 14.12 14.10
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 22.28 19.30 13.25 11.60 10.65 7.34 9.36 10.63 10.75 10.67 9.80
Cash Conversion Cycle (CCC)		 14.23 13.33 21.95 19.12 10.86 10.33 8.54 8.84 7.34 3.45 4.30
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 201 194 -1.92 -81 -36 -62 -86 -92 -19 -43 -43
Invested Capital Turnover		 1.25 1.32 2.47 6.03 5.23 6.94 -10.70 -5.20 -15.87 -8.15 -6.73
Increase / (Decrease) in Invested Capital		 -39 -67 -269 -289 -237 -255 -84 -11 18 18 43
Enterprise Value (EV)		 311 287 170 35 304 403 166 167 613 1,025 1,549
Market Capitalization		 189 139 135 79 305 421 150 182 588 875 1,433
Book Value per Share		 $0.79 $0.47 ($0.38) ($0.38) ($0.36) ($0.45) ($1.03) ($0.65) ($0.36) ($0.44) ($0.24)
Tangible Book Value per Share		 ($2.72) ($3.13) ($3.33) ($3.26) ($3.18) ($3.26) ($3.75) ($2.88) ($2.54) ($2.35) ($2.11)
Total Capital		 521 481 396 396 400 388 335 322 361 377 392
Total Debt		 442 436 432 433 436 432 437 399 404 409 394
Total Long-Term Debt		 425 425 427 431 435 432 437 399 404 409 394
Net Debt		 122 149 35 -44 -0.67 -18 16 -15 24 129 89
Capital Expenditures (CapEx)		 2.66 2.78 2.62 2.29 2.40 2.36 3.19 3.38 3.87 3.35 3.68
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -154 -159 -271 -349 -314 -311 -326 -333 -270 -49 -41
Debt-free Net Working Capital (DFNWC)		 111 69 60 42 19 37 -6.64 -84 -49 38 48
Net Working Capital (NWC)		 95 59 54 40 19 36 -6.79 -85 -49 38 48
Net Nonoperating Expense (NNE)		 12 12 -25 5.88 7.65 -11 28 -17 -6.52 -4.76 -2.43
Net Nonoperating Obligations (NNO)		 122 149 35 -44 -0.67 -18 16 -15 24 -11 -41
Total Depreciation and Amortization (D&A)		 6.36 6.02 6.21 6.27 5.91 6.32 6.20 6.05 6.95 5.99 5.43
Debt-free, Cash-free Net Working Capital to Revenue		 -55.69% -53.14% -82.86% -91.84% -72.89% -67.74% -69.33% -73.66% -61.61% -11.55% -9.35%
Debt-free Net Working Capital to Revenue		 40.39% 23.12% 18.17% 10.95% 4.46% 7.97% -1.41% -18.69% -11.16% 8.97% 10.91%
Net Working Capital to Revenue		 34.43% 19.66% 16.51% 10.51% 4.40% 7.94% -1.44% -18.72% -11.20% 8.97% 10.91%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.37) ($0.41) ($0.91) ($0.06) ($0.01) ($0.14) ($0.65) $0.14 $0.32 $0.08 $0.03
Adjusted Weighted Average Basic Shares Outstanding		 97.35M 95.21M 95.73M 96.37M 96.06M 97.51M 99.19M 119.54M 99.59M 121.54M 103.16M
Adjusted Diluted Earnings per Share		 ($0.37) ($0.41) ($0.91) ($0.06) ($0.01) ($0.14) ($0.65) $0.12 $0.34 $0.07 $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 97.35M 95.21M 95.73M 96.37M 96.06M 97.51M 99.19M 119.54M 99.59M 121.54M 131.68M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 96.98M 97.82M 98.43M 98.87M 97.60M 99.19M 118.77M 119.54M 120.06M 121.54M 122.58M
Normalized Net Operating Profit after Tax (NOPAT)		 -21 -26 -73 0.14 5.17 -24 -37 -1.75 24 -1.02 3.53
Normalized NOPAT Margin		 -32.17% -29.25% -73.85% 0.11% 4.51% -21.02% -33.14% -1.58% 23.87% -0.97% 2.96%
Pre Tax Income Margin		 -54.44% -44.47% -88.02% -4.34% -1.66% -11.42% -57.41% 12.77% 31.79% 4.43% 6.00%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -14.91 -17.10 0.00 0.21 0.46 -1.85 -5.50 0.00 3.71 1.16 1.37
NOPAT to Interest Expense		 -10.66 -12.33 0.00 0.01 0.49 -4.12 -3.56 0.00 2.22 -0.09 0.48
EBIT Less CapEx to Interest Expense		 -16.11 -18.37 0.00 -0.01 0.24 -2.25 -5.81 0.00 3.35 0.87 1.07
NOPAT Less CapEx to Interest Expense		 -11.86 -13.60 0.00 -0.21 0.26 -4.52 -3.87 0.00 1.86 -0.39 0.18
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 -1.16% -3.99% -3.02% -4.45% -4.19% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Key Financial Trends

Summary of Porch Group's Financial Performance and Position (Q2 2022 to Q2 2025)

Porch Group (NASDAQ: PRCH) has shown significant fluctuations in performance over the last several years, with notable improvements recently through 2025. Here we analyze key financial trends based on its income statements, cash flow statements, and balance sheets.

  • Revenue growth: Operating revenue increased from approximately $70.9 million in Q2 2022 to $119.3 million in Q2 2025, demonstrating a solid top-line growth trajectory.
  • Profitability turnaround: After sustained net losses through 2022 and much of 2023 (e.g., a net loss of -$64.3 million in Q2 2024), Porch reported positive net income of $8.25 million in Q2 2025.
  • Improved operating cash flow: Net cash from operating activities turned positive in recent quarters, hitting $35.6 million in Q2 2025 compared to negative operating cash flows in various quarters of 2022 and 2023.
  • Controlled capital expenditures: Purchases of property, plant, and equipment remained moderate (about $3.7 million in Q2 2025), consistent with prudent investments supporting growth.
  • Reduction in losses attributable to common shareholders: While previous quarters showed deep losses, Q2 2025 delivered a positive net income of $2.6 million attributable to common shareholders, indicating shareholder returns beginning to improve.
  • Stable large intangible assets and goodwill: Porch’s goodwill remains substantial at approximately $192 million, reflecting acquisitions; intangible assets have decreased slightly but remain significant, which may impact future amortization expenses.
  • High long-term debt levels: Total long-term debt remains elevated (around $394 million in Q2 2025), which continues to be a key leverage factor to monitor for financial risk.
  • Equity deficit: Total common equity is negative at about -$29 million as of Q2 2025, though improving compared to prior quarters, largely due to accumulated losses; noncontrolling interests offset total equity slightly.
  • Fluctuating cash and equivalents: While cash and equivalents decreased from over $343 million in early 2023 to $76 million at Q2 2025, this reflects the company’s investment, acquisition activity, and debt repayments.
  • Previously large and increasing operating losses: The company experienced very significant net losses in 2022 and early 2023, for example, a net loss of -$86.9 million in Q2 2023, highlighting a challenging period of unprofitability.
  • Negative operating income through much of 2022 and 2023, with operating costs often exceeding revenue by a wide margin (e.g., in Q2 2024, operating costs were over $94 million vs revenue of $110 million, causing steep losses).
  • High interest expenses: Consistent interest expenses approximate $10-12 million per quarter in 2024-2025, indicating a substantial debt burden impacting net income.
  • Large fluctuations in cash flows from investing activities: Porch has been heavily investing in acquisitions and investments, with net cash used in investing activities peaking at nearly $61 million outflows in Q3 2024, suggesting heavy capital deployment which may pressure cash reserves.
  • Negative equity in many quarters due to accumulated losses: The firm has run negative total equity from 2023 into 2025, which can be a concern for solvency and shareholder value.

Overall Interpretation: Porch Group is a company in transition. After a period of large losses and high operating costs through 2022 and 2023, it has turned towards positive revenues and net income as of mid-2025. Operating cash flow generation has improved significantly, and net income is now positive, indicating potential stabilization and operational improvements. However, the company carries a heavy debt load and negative equity position, which presents financial risk if profitability is not sustained. Investors should watch for continued revenue growth, margin improvements, and debt management in upcoming quarters.

08/18/25 01:40 PMAI Generated. May Contain Errors.

Frequently Asked Questions About Porch Group's Financials

When does Porch Group's fiscal year end?

According to the most recent income statement we have on file, Porch Group's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Porch Group's net income changed over the last 5 years?

Porch Group's net income were at -$32.83 million at the end of 2024, a 75.5% decrease from 2023, and a 68.2% decrease since 2019. See Porch Group's forecast for analyst expectations on what’s next for the company.

What is Porch Group's operating income?
Porch Group's total operating income in 2024 was -$64.57 million, based on the following breakdown:
  • Total Gross Profit: $211.98 million
  • Total Operating Expenses: $276.55 million
How has Porch Group's revenue changed over the last 5 years?

Over the last 5 years, Porch Group's total revenue changed from $77.60 million in 2019 to $437.85 million in 2024, a change of 464.3%.

How much debt does Porch Group have?

Porch Group's total liabilities were at $857.19 million at the end of 2024, a 8.3% decrease from 2023, and a 690.4% increase since 2019.

How much cash does Porch Group have?

In the past 5 years, Porch Group's cash and equivalents has ranged from $4.18 million in 2019 to $315.74 million in 2021, and is currently $167.64 million as of their latest financial filing in 2024.

How has Porch Group's book value per share changed over the last 5 years?

Over the last 5 years, Porch Group's book value per share changed from -1.92 in 2019 to -0.36 in 2024, a change of -81.2%.


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This page (NASDAQ:PRCH) was last updated on 8/18/2025 by MarketBeat.com Staff
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