Porch Group, Inc. (PRCH) 10-Year Financial Performance & Capital Metrics

PRCH • • Industrial / General

TechnologyApplication SoftwareReal Estate & Property ManagementProperty Management Systems

AboutPorch Group, Inc. operates a software platform in the United States and Canada. The company operates through two segments, Vertical Software and Insurance. The Vertical Software segment provides software and services to home services companies and gives early access to homebuyers and homeowners. It offers services to home services companies, such as home inspectors, consumers, such as homebuyers and homeowners, service providers, such as moving, insurance, warranty, and security companies, and TV/Internet providers. This segment operates through Floify, HireAHelper, ISN, iRoofing, Palm-Tech, Porch.com, Rynoh, and V12 brands. The Insurance segment offers property related insurance policies through our own risk-bearing carrier and independent agency as well as risk-bearing home warranty company. This segment operates though American Home Protect, Elite Insurance Group, and Homeowners of America brands. In addition, the company provides property and casualty, home, auto, flood, and umbrella insurance products; and contractor services. The company was incorporated in 2011 and is headquartered in Seattle, Washington.Show more

Revenue $438M +1.8%
EBITDA -$39M +76.5%
Net Income -$33M +75.5%
EPS (Diluted) -0.33 +76.3%
Gross Margin 48.47% -0.7%
EBITDA Margin -8.92% +76.9%
Operating Margin -14.75% +66.7%
Net Margin -7.5% +75.9%
ROE -
ROIC -28.94% +54.4%
Debt/Equity -
Interest Coverage -1.52 +74.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y sales CAGR of 41.4%

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Trading more than 30% below 52-week high

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y41.35%

3Y31.53%

TTM-2.13%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM146.5%

EPS CAGR

10Y-

5Y-

3Y-

TTM142.86%

ROCE

10Y Avg-135.16%

5Y Avg-27.86%

3Y Avg-27.98%

Latest-15.43%

Peer Comparison

Property Management Systems

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
APPFAppFolio, Inc.	5.07B	219.67	39.58	28.01%	22.48%	40.84%	3.67%	0.08
PRCHPorch Group, Inc.	957.83M	9.09	-27.55	1.75%	6.91%	291.7%

Profit & Loss

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	54.14M	77.59M	72.3M	192.43M	275.95M	430.3M	437.85M
Revenue Growth %	-	0.43%	-0.07%	1.66%	0.43%	0.56%	0.02%
Cost of Goods Sold+	15.34M	21.5M	17.56M	58.73M	107.58M	220.24M	225.63M
COGS % of Revenue	0.28%	0.28%	0.24%	0.31%	0.39%	0.51%	0.52%
Gross Profit+	38.8M	56.09M	54.74M	133.71M	168.37M	210.06M	212.22M
Gross Margin %	0.72%	0.72%	0.76%	0.69%	0.61%	0.49%	0.48%
Gross Profit Growth %	-	0.45%	-0.02%	1.44%	0.26%	0.25%	0.01%
Operating Expenses+	85.57M	144.22M	96.97M	217.07M	345.42M	400.41M	276.79M
OpEx % of Revenue	1.58%	1.86%	1.34%	1.13%	1.25%	0.93%	0.63%
Selling, General & Admin	63.88M	108.23M	69.86M	169.01M	223.66M	247.5M	221.28M
SG&A % of Revenue	1.18%	1.39%	0.97%	0.88%	0.81%	0.58%	0.51%
Research & Development	24.17M	30.99M	28.55M	47.01M	59.56M	58.5M	55.27M
R&D % of Revenue	0.45%	0.4%	0.39%	0.24%	0.22%	0.14%	0.13%
Other Operating Expenses	0	4.99M	-1.44M	1.05M	62.19M	94.41M	239K
Operating Income+	-49.26M	-88.12M	-42.23M	-83.36M	-177.05M	-190.35M	-64.57M
Operating Margin %	-0.91%	-1.14%	-0.58%	-0.43%	-0.64%	-0.44%	-0.15%
Operating Income Growth %	-	-0.79%	0.52%	-0.97%	-1.12%	-0.08%	0.66%
EBITDA+	-43.8M	-80.75M	-35.59M	-66.98M	-149.12M	-165.94M	-39.05M
EBITDA Margin %	-0.81%	-1.04%	-0.49%	-0.35%	-0.54%	-0.39%	-0.09%
EBITDA Growth %	-	-0.84%	0.56%	-0.88%	-1.23%	-0.11%	0.76%
D&A (Non-Cash Add-back)	5.46M	7.38M	6.64M	16.39M	27.93M	24.41M	25.52M
EBIT	-49.26M	-96.09M	-40.99M	-111.12M	-146.99M	-101.48M	11.82M
Net Interest Income+	0	-7.13M	-14.73M	-5.72M	-8.01M	-27.93M	-40.79M
Interest Income	3.71M	0	0	33K	717K	3.9M	1.75M
Interest Expense	0	7.13M	14.73M	5.76M	8.72M	31.83M	42.54M
Other Income/Expense	-1.22M	-15.1M	-13.49M	-33.51M	21.33M	57.04M	33.86M
Pretax Income+	-50.48M	-103.22M	-55.72M	-116.88M	-155.72M	-133.31M	-30.71M
Pretax Margin %	-0.93%	-1.33%	-0.77%	-0.61%	-0.56%	-0.31%	-0.07%
Income Tax+	-558K	96K	-1.69M	-10.27M	842K	622K	2.12M
Effective Tax Rate %	0.99%	1%	0.97%	0.91%	1.01%	1%	1.07%
Net Income+	-49.92M	-103.32M	-54.03M	-106.61M	-156.56M	-133.93M	-32.83M
Net Margin %	-0.92%	-1.33%	-0.75%	-0.55%	-0.57%	-0.31%	-0.07%
Net Income Growth %	-	-1.07%	0.48%	-0.97%	-0.47%	0.14%	0.75%
Net Income (Continuing)	-49.92M	-103.32M	-54.03M	-106.61M	-156.56M	-133.93M	-32.83M
Discontinued Operations	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0
EPS (Diluted)+	-2.59	-4.79	-0.63	-1.16	-1.61	-1.39	-0.33
EPS Growth %	-	-0.85%	0.87%	-0.84%	-0.39%	0.14%	0.76%
EPS (Basic)	-2.59	-4.79	-0.63	-1.16	-1.61	-1.39	-0.33
Diluted Shares Outstanding	19.28M	21.56M	81.48M	93.88M	97.35M	96.06M	99.58M
Basic Shares Outstanding	19.27M	21.56M	81.48M	93.88M	97.35M	96.06M	99.58M
Dividend Payout Ratio	-	-	-	-	-	-	-

Balance Sheet

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	10.16M	10.17M	215.8M	605.06M	609.63M	481.08M	365.13M
Cash & Short-Term Investments	4.24M	4.18M	196.05M	324.99M	251.58M	294.01M	191.74M
Cash Only	4.24M	4.18M	196.05M	315.74M	215.06M	258.42M	167.64M
Short-Term Investments	0	0	0	9.25M	36.52M	35.59M	24.1M
Accounts Receivable	2.45M	4.71M	4.27M	257.18M	324.5M	107.87M	111.41M
Days Sales Outstanding	16.52	22.16	21.55	487.82	429.22	91.5	92.87
Inventory	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-
Other Current Assets	3.48M	0	11.41M	8.55M	33.55M	79.2M	61.98M
Total Non-Current Assets+	46.43M	38.29M	52.59M	433.68M	438.42M	418.31M	448.84M
Property, Plant & Equipment	6.74M	6.66M	4.59M	11.17M	12.24M	20.07M	22.54M
Fixed Asset Turnover	8.04x	11.65x	15.74x	17.23x	22.54x	21.44x	19.42x
Goodwill	21.3M	18.27M	28.29M	225.76M	244.7M	191.91M	191.91M
Intangible Assets	14.7M	9.83M	15.96M	129.72M	108.25M	87.22M	68.75M
Long-Term Investments	0	0	0	58.32M	55.12M	103.59M	158.65M
Other Non-Current Assets	3.7M	3.53M	3.74M	8.71M	18.11M	15.53M	6.99M
Total Assets+	56.6M	48.47M	268.39M	1.04B	1.05B	899.39M	813.97M
Asset Turnover	0.96x	1.60x	0.27x	0.19x	0.26x	0.48x	0.54x
Asset Growth %	-	-0.14%	4.54%	2.87%	0.01%	-0.14%	-0.09%
Total Current Liabilities+	75.66M	57.46M	31.73M	363.12M	515.64M	462.15M	414.16M
Accounts Payable	2.34M	4.81M	9.2M	6.96M	6.27M	8.76M	4.54M
Days Payables Outstanding	55.74	81.59	191.27	43.29	21.27	14.52	7.34
Short-Term Debt	48.8M	20.46M	4.75M	150K	16.45M	244K	150K
Deferred Revenue (Current)	0	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	24.51M	11.79M	2.66M	101.97M	111.15M	129.28M	81.93M
Current Ratio	0.13x	0.18x	6.80x	1.67x	1.18x	1.04x	0.88x
Quick Ratio	0.13x	0.18x	6.80x	1.67x	1.18x	1.04x	0.88x
Cash Conversion Cycle	-	-	-	-	-	-	-
Total Non-Current Liabilities+	11.78M	50.98M	129.34M	458.58M	454.06M	472.92M	443.04M
Long-Term Debt	9.68M	40.66M	43.24M	414.58M	425.31M	435.5M	403.79M
Capital Lease Obligations	0	0	0	2.69M	2.54M	0	0
Deferred Tax Liabilities	0	0	0	0	0	0	0
Other Non-Current Liabilities	2.1M	7.22M	85.57M	41.3M	26.22M	37.43M	39.25M
Total Liabilities	87.44M	108.45M	161.06M	821.7M	969.7M	935.08M	857.19M
Total Debt+	58.48M	61.12M	47.98M	417.43M	444.3M	435.74M	403.94M
Net Debt	54.25M	56.94M	-148.06M	101.69M	229.24M	177.32M	236.29M
Debt / Equity	-	-	0.45x	1.92x	5.60x	-	-
Debt / EBITDA	-	-	-	-	-	-	-
Net Debt / EBITDA	-	-	-	-	-	-	-
Interest Coverage	-	-12.35x	-2.87x	-14.48x	-20.30x	-5.98x	-1.52x
Total Equity+	-30.84M	-59.98M	107.33M	217.04M	79.35M	-35.68M	-43.23M
Equity Growth %	-	-0.94%	2.79%	1.02%	-0.63%	-1.45%	-0.21%
Book Value per Share	-1.60	-2.78	1.32	2.31	0.82	-0.37	-0.43
Total Shareholders' Equity	-30.84M	-59.98M	107.33M	217.04M	79.35M	-35.68M	-43.23M
Common Stock	205K	3K	8K	10K	10K	10K	10K
Retained Earnings	-160.66M	-263.47M	-317.51M	-424.11M	-585.02M	-722.06M	-754.86M
Treasury Stock	0	0	0	0	0	0	0
Accumulated OCI	0	0	0	-259K	-6.17M	-3.86M	-5.45M
Minority Interest	0	0	0	0	0	0	0

Cash Flow

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-30.52M	-29.34M	-48.67M	-34.78M	-17.74M	33.93M	-31.68M
Operating CF Margin %	-0.56%	-0.38%	-0.67%	-0.18%	-0.06%	0.08%	-0.07%
Operating CF Growth %	-	0.04%	-0.66%	0.29%	0.49%	2.91%	-1.93%
Net Income	-49.92M	-103.32M	-54.03M	-106.61M	-156.56M	-133.93M	-32.83M
Depreciation & Amortization	5.46M	7.38M	6.64M	16.7M	27.93M	24.41M	25.52M
Stock-Based Compensation	5.17M	35.97M	11.3M	0	27.04M	20.71M	27.18M
Deferred Taxes	0	29K	0	1.86M	-287K	0	0
Other Non-Cash Items	613K	17.43M	3.92M	69.31M	46.97M	33.87M	-23.56M
Working Capital Changes	8.15M	13.17M	-16.5M	-16.04M	37.16M	88.87M	-28M
Change in Receivables	-226K	-1.84M	-3.16M	-18.25M	-75.53M	180.47M	-155K
Change in Inventory	0	0	0	0	0	0	0
Change in Payables	0	2.36M	4.09M	-11.78M	-697K	2.49M	-4.22M
Cash from Investing+	-7.55M	-5.21M	-10.67M	-263.43M	-79.68M	-56.25M	-45.06M
Capital Expenditures	-761K	-478K	-279K	-4.69M	-2.35M	-851K	-523K
CapEx % of Revenue	0.01%	0.01%	0%	0.02%	0.01%	0%	0%
Acquisitions	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-
Other Investing	-4.11M	-4.1M	-2.6M	0	-8.1M	-9.24M	-1.4M
Cash from Financing+	35.75M	34.49M	259.61M	415.55M	1.23M	90.95M	-23.71M
Debt Issued (Net)	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-
Dividends Paid	0	0	-30M	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-
Other Financing	35.75M	114K	300.39M	-82.05M	-6.81M	-9.96M	-339K
Net Change in Cash	-	-	-	-	-	-	-
Free Cash Flow+	-31.28M	-33.91M	-51.55M	-39.47M	-28.19M	23.83M	-32.2M
FCF Margin %	-0.58%	-0.44%	-0.71%	-0.21%	-0.1%	0.06%	-0.07%
FCF Growth %	-	-0.08%	-0.52%	0.23%	0.29%	1.85%	-2.35%
FCF per Share	-1.62	-1.57	-0.63	-0.42	-0.29	0.25	-0.32
FCF Conversion (FCF/Net Income)	0.61x	0.28x	0.90x	0.33x	0.11x	-0.25x	0.97x
Interest Paid	0	3.47M	9.1M	0	3.51M	0	23.76M
Taxes Paid	0	0	0	0	674K	0	621K

Key Ratios

Metric	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-	-	-228.24%	-65.73%	-105.64%	-613.39%	-
Return on Invested Capital (ROIC)	-157.83%	-648.97%	-	-44.98%	-42.33%	-63.42%	-28.94%
Gross Margin	71.67%	72.29%	75.71%	69.48%	61.02%	48.82%	48.47%
Net Margin	-92.2%	-133.15%	-74.73%	-55.4%	-56.73%	-31.13%	-7.5%
Debt / Equity	-	-	0.45x	1.92x	5.60x	-	-
Interest Coverage	-	-12.35x	-2.87x	-14.48x	-20.30x	-5.98x	-1.52x
FCF Conversion	0.61x	0.28x	0.90x	0.33x	0.11x	-0.25x	0.97x
Revenue Growth	-	43.33%	-6.83%	166.16%	43.4%	55.94%	1.75%

Revenue by Segment

	2020	2021	2022	2023	2024
Insurance	-	-	121.03M	305.19M	318.19M
Insurance Growth	-	-	-	152.15%	4.26%
Vertical Software	-	-	154.91M	125.12M	120.61M
Vertical Software Growth	-	-	-	-19.24%	-3.60%
Core services revenue	-	98.28M	-	-	-
Core services revenue Growth	-	-	-	-	-
Software subscription revenue	-	57M	-	-	-
Software subscription revenue Growth	-	-	-	-	-
Managed services revenue	-	37.15M	-	-	-
Managed services revenue Growth	-	-	-	-	-
Referral Network	53.44M	-	-	-	-
Referral Network Growth	-	-	-	-	-
Management Service	11.77M	-	-	-	-
Management Service Growth	-	-	-	-	-
Software Subscription	8.01M	-	-	-	-
Software Subscription Growth	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Porch Group, Inc. (PRCH) reported $442.5M in revenue for fiscal year 2024. This represents a 717% increase from $54.1M in 2018.

Porch Group, Inc. (PRCH) grew revenue by 1.8% over the past year. Growth has been modest.

Yes, Porch Group, Inc. (PRCH) is profitable, generating $30.6M in net income for fiscal year 2024 (-7.5% net margin).

Dividend & Returns

Porch Group, Inc. (PRCH) generated $27.3M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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Porch Group, Inc. (PRCH) 10-Year Financial Performance & Capital Metrics

PRCH • • Industrial / General

TechnologyApplication SoftwareReal Estate & Property ManagementProperty Management Systems

Revenue $438M +1.8%
EBITDA -$39M +76.5%
Net Income -$33M +75.5%
EPS (Diluted) -0.33 +76.3%
Gross Margin 48.47% -0.7%
EBITDA Margin -8.92% +76.9%
Operating Margin -14.75% +66.7%
Net Margin -7.5% +75.9%
ROE -
ROIC -28.94% +54.4%
Debt/Equity -
Interest Coverage -1.52 +74.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y sales CAGR of 41.4%

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Trading more than 30% below 52-week high

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y41.35%

3Y31.53%

TTM-2.13%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM146.5%

EPS CAGR

10Y-

5Y-

3Y-

TTM142.86%

ROCE

10Y Avg-135.16%

5Y Avg-27.86%

3Y Avg-27.98%

Latest-15.43%

Peer Comparison

Property Management Systems

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
APPFAppFolio, Inc.	5.07B	219.67	39.58	28.01%	22.48%	40.84%	3.67%	0.08
PRCHPorch Group, Inc.	957.83M	9.09	-27.55	1.75%	6.91%	291.7%

Profit & Loss

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	54.14M	77.59M	72.3M	192.43M	275.95M	430.3M	437.85M
Revenue Growth %	-	0.43%	-0.07%	1.66%	0.43%	0.56%	0.02%
Cost of Goods Sold+	15.34M	21.5M	17.56M	58.73M	107.58M	220.24M	225.63M
COGS % of Revenue	0.28%	0.28%	0.24%	0.31%	0.39%	0.51%	0.52%
Gross Profit+	38.8M	56.09M	54.74M	133.71M	168.37M	210.06M	212.22M
Gross Margin %	0.72%	0.72%	0.76%	0.69%	0.61%	0.49%	0.48%
Gross Profit Growth %	-	0.45%	-0.02%	1.44%	0.26%	0.25%	0.01%
Operating Expenses+	85.57M	144.22M	96.97M	217.07M	345.42M	400.41M	276.79M
OpEx % of Revenue	1.58%	1.86%	1.34%	1.13%	1.25%	0.93%	0.63%
Selling, General & Admin	63.88M	108.23M	69.86M	169.01M	223.66M	247.5M	221.28M
SG&A % of Revenue	1.18%	1.39%	0.97%	0.88%	0.81%	0.58%	0.51%
Research & Development	24.17M	30.99M	28.55M	47.01M	59.56M	58.5M	55.27M
R&D % of Revenue	0.45%	0.4%	0.39%	0.24%	0.22%	0.14%	0.13%
Other Operating Expenses	0	4.99M	-1.44M	1.05M	62.19M	94.41M	239K
Operating Income+	-49.26M	-88.12M	-42.23M	-83.36M	-177.05M	-190.35M	-64.57M
Operating Margin %	-0.91%	-1.14%	-0.58%	-0.43%	-0.64%	-0.44%	-0.15%
Operating Income Growth %	-	-0.79%	0.52%	-0.97%	-1.12%	-0.08%	0.66%
EBITDA+	-43.8M	-80.75M	-35.59M	-66.98M	-149.12M	-165.94M	-39.05M
EBITDA Margin %	-0.81%	-1.04%	-0.49%	-0.35%	-0.54%	-0.39%	-0.09%
EBITDA Growth %	-	-0.84%	0.56%	-0.88%	-1.23%	-0.11%	0.76%
D&A (Non-Cash Add-back)	5.46M	7.38M	6.64M	16.39M	27.93M	24.41M	25.52M
EBIT	-49.26M	-96.09M	-40.99M	-111.12M	-146.99M	-101.48M	11.82M
Net Interest Income+	0	-7.13M	-14.73M	-5.72M	-8.01M	-27.93M	-40.79M
Interest Income	3.71M	0	0	33K	717K	3.9M	1.75M
Interest Expense	0	7.13M	14.73M	5.76M	8.72M	31.83M	42.54M
Other Income/Expense	-1.22M	-15.1M	-13.49M	-33.51M	21.33M	57.04M	33.86M
Pretax Income+	-50.48M	-103.22M	-55.72M	-116.88M	-155.72M	-133.31M	-30.71M
Pretax Margin %	-0.93%	-1.33%	-0.77%	-0.61%	-0.56%	-0.31%	-0.07%
Income Tax+	-558K	96K	-1.69M	-10.27M	842K	622K	2.12M
Effective Tax Rate %	0.99%	1%	0.97%	0.91%	1.01%	1%	1.07%
Net Income+	-49.92M	-103.32M	-54.03M	-106.61M	-156.56M	-133.93M	-32.83M
Net Margin %	-0.92%	-1.33%	-0.75%	-0.55%	-0.57%	-0.31%	-0.07%
Net Income Growth %	-	-1.07%	0.48%	-0.97%	-0.47%	0.14%	0.75%
Net Income (Continuing)	-49.92M	-103.32M	-54.03M	-106.61M	-156.56M	-133.93M	-32.83M
Discontinued Operations	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0
EPS (Diluted)+	-2.59	-4.79	-0.63	-1.16	-1.61	-1.39	-0.33
EPS Growth %	-	-0.85%	0.87%	-0.84%	-0.39%	0.14%	0.76%
EPS (Basic)	-2.59	-4.79	-0.63	-1.16	-1.61	-1.39	-0.33
Diluted Shares Outstanding	19.28M	21.56M	81.48M	93.88M	97.35M	96.06M	99.58M
Basic Shares Outstanding	19.27M	21.56M	81.48M	93.88M	97.35M	96.06M	99.58M
Dividend Payout Ratio	-	-	-	-	-	-	-

Balance Sheet

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	10.16M	10.17M	215.8M	605.06M	609.63M	481.08M	365.13M
Cash & Short-Term Investments	4.24M	4.18M	196.05M	324.99M	251.58M	294.01M	191.74M
Cash Only	4.24M	4.18M	196.05M	315.74M	215.06M	258.42M	167.64M
Short-Term Investments	0	0	0	9.25M	36.52M	35.59M	24.1M
Accounts Receivable	2.45M	4.71M	4.27M	257.18M	324.5M	107.87M	111.41M
Days Sales Outstanding	16.52	22.16	21.55	487.82	429.22	91.5	92.87
Inventory	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-
Other Current Assets	3.48M	0	11.41M	8.55M	33.55M	79.2M	61.98M
Total Non-Current Assets+	46.43M	38.29M	52.59M	433.68M	438.42M	418.31M	448.84M
Property, Plant & Equipment	6.74M	6.66M	4.59M	11.17M	12.24M	20.07M	22.54M
Fixed Asset Turnover	8.04x	11.65x	15.74x	17.23x	22.54x	21.44x	19.42x
Goodwill	21.3M	18.27M	28.29M	225.76M	244.7M	191.91M	191.91M
Intangible Assets	14.7M	9.83M	15.96M	129.72M	108.25M	87.22M	68.75M
Long-Term Investments	0	0	0	58.32M	55.12M	103.59M	158.65M
Other Non-Current Assets	3.7M	3.53M	3.74M	8.71M	18.11M	15.53M	6.99M
Total Assets+	56.6M	48.47M	268.39M	1.04B	1.05B	899.39M	813.97M
Asset Turnover	0.96x	1.60x	0.27x	0.19x	0.26x	0.48x	0.54x
Asset Growth %	-	-0.14%	4.54%	2.87%	0.01%	-0.14%	-0.09%
Total Current Liabilities+	75.66M	57.46M	31.73M	363.12M	515.64M	462.15M	414.16M
Accounts Payable	2.34M	4.81M	9.2M	6.96M	6.27M	8.76M	4.54M
Days Payables Outstanding	55.74	81.59	191.27	43.29	21.27	14.52	7.34
Short-Term Debt	48.8M	20.46M	4.75M	150K	16.45M	244K	150K
Deferred Revenue (Current)	0	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	24.51M	11.79M	2.66M	101.97M	111.15M	129.28M	81.93M
Current Ratio	0.13x	0.18x	6.80x	1.67x	1.18x	1.04x	0.88x
Quick Ratio	0.13x	0.18x	6.80x	1.67x	1.18x	1.04x	0.88x
Cash Conversion Cycle	-	-	-	-	-	-	-
Total Non-Current Liabilities+	11.78M	50.98M	129.34M	458.58M	454.06M	472.92M	443.04M
Long-Term Debt	9.68M	40.66M	43.24M	414.58M	425.31M	435.5M	403.79M
Capital Lease Obligations	0	0	0	2.69M	2.54M	0	0
Deferred Tax Liabilities	0	0	0	0	0	0	0
Other Non-Current Liabilities	2.1M	7.22M	85.57M	41.3M	26.22M	37.43M	39.25M
Total Liabilities	87.44M	108.45M	161.06M	821.7M	969.7M	935.08M	857.19M
Total Debt+	58.48M	61.12M	47.98M	417.43M	444.3M	435.74M	403.94M
Net Debt	54.25M	56.94M	-148.06M	101.69M	229.24M	177.32M	236.29M
Debt / Equity	-	-	0.45x	1.92x	5.60x	-	-
Debt / EBITDA	-	-	-	-	-	-	-
Net Debt / EBITDA	-	-	-	-	-	-	-
Interest Coverage	-	-12.35x	-2.87x	-14.48x	-20.30x	-5.98x	-1.52x
Total Equity+	-30.84M	-59.98M	107.33M	217.04M	79.35M	-35.68M	-43.23M
Equity Growth %	-	-0.94%	2.79%	1.02%	-0.63%	-1.45%	-0.21%
Book Value per Share	-1.60	-2.78	1.32	2.31	0.82	-0.37	-0.43
Total Shareholders' Equity	-30.84M	-59.98M	107.33M	217.04M	79.35M	-35.68M	-43.23M
Common Stock	205K	3K	8K	10K	10K	10K	10K
Retained Earnings	-160.66M	-263.47M	-317.51M	-424.11M	-585.02M	-722.06M	-754.86M
Treasury Stock	0	0	0	0	0	0	0
Accumulated OCI	0	0	0	-259K	-6.17M	-3.86M	-5.45M
Minority Interest	0	0	0	0	0	0	0

Cash Flow

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-30.52M	-29.34M	-48.67M	-34.78M	-17.74M	33.93M	-31.68M
Operating CF Margin %	-0.56%	-0.38%	-0.67%	-0.18%	-0.06%	0.08%	-0.07%
Operating CF Growth %	-	0.04%	-0.66%	0.29%	0.49%	2.91%	-1.93%
Net Income	-49.92M	-103.32M	-54.03M	-106.61M	-156.56M	-133.93M	-32.83M
Depreciation & Amortization	5.46M	7.38M	6.64M	16.7M	27.93M	24.41M	25.52M
Stock-Based Compensation	5.17M	35.97M	11.3M	0	27.04M	20.71M	27.18M
Deferred Taxes	0	29K	0	1.86M	-287K	0	0
Other Non-Cash Items	613K	17.43M	3.92M	69.31M	46.97M	33.87M	-23.56M
Working Capital Changes	8.15M	13.17M	-16.5M	-16.04M	37.16M	88.87M	-28M
Change in Receivables	-226K	-1.84M	-3.16M	-18.25M	-75.53M	180.47M	-155K
Change in Inventory	0	0	0	0	0	0	0
Change in Payables	0	2.36M	4.09M	-11.78M	-697K	2.49M	-4.22M
Cash from Investing+	-7.55M	-5.21M	-10.67M	-263.43M	-79.68M	-56.25M	-45.06M
Capital Expenditures	-761K	-478K	-279K	-4.69M	-2.35M	-851K	-523K
CapEx % of Revenue	0.01%	0.01%	0%	0.02%	0.01%	0%	0%
Acquisitions	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-
Other Investing	-4.11M	-4.1M	-2.6M	0	-8.1M	-9.24M	-1.4M
Cash from Financing+	35.75M	34.49M	259.61M	415.55M	1.23M	90.95M	-23.71M
Debt Issued (Net)	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-
Dividends Paid	0	0	-30M	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-
Other Financing	35.75M	114K	300.39M	-82.05M	-6.81M	-9.96M	-339K
Net Change in Cash	-	-	-	-	-	-	-
Free Cash Flow+	-31.28M	-33.91M	-51.55M	-39.47M	-28.19M	23.83M	-32.2M
FCF Margin %	-0.58%	-0.44%	-0.71%	-0.21%	-0.1%	0.06%	-0.07%
FCF Growth %	-	-0.08%	-0.52%	0.23%	0.29%	1.85%	-2.35%
FCF per Share	-1.62	-1.57	-0.63	-0.42	-0.29	0.25	-0.32
FCF Conversion (FCF/Net Income)	0.61x	0.28x	0.90x	0.33x	0.11x	-0.25x	0.97x
Interest Paid	0	3.47M	9.1M	0	3.51M	0	23.76M
Taxes Paid	0	0	0	0	674K	0	621K

Key Ratios

Metric	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-	-	-228.24%	-65.73%	-105.64%	-613.39%	-
Return on Invested Capital (ROIC)	-157.83%	-648.97%	-	-44.98%	-42.33%	-63.42%	-28.94%
Gross Margin	71.67%	72.29%	75.71%	69.48%	61.02%	48.82%	48.47%
Net Margin	-92.2%	-133.15%	-74.73%	-55.4%	-56.73%	-31.13%	-7.5%
Debt / Equity	-	-	0.45x	1.92x	5.60x	-	-
Interest Coverage	-	-12.35x	-2.87x	-14.48x	-20.30x	-5.98x	-1.52x
FCF Conversion	0.61x	0.28x	0.90x	0.33x	0.11x	-0.25x	0.97x
Revenue Growth	-	43.33%	-6.83%	166.16%	43.4%	55.94%	1.75%

Revenue by Segment

	2020	2021	2022	2023	2024
Insurance	-	-	121.03M	305.19M	318.19M
Insurance Growth	-	-	-	152.15%	4.26%
Vertical Software	-	-	154.91M	125.12M	120.61M
Vertical Software Growth	-	-	-	-19.24%	-3.60%
Core services revenue	-	98.28M	-	-	-
Core services revenue Growth	-	-	-	-	-
Software subscription revenue	-	57M	-	-	-
Software subscription revenue Growth	-	-	-	-	-
Managed services revenue	-	37.15M	-	-	-
Managed services revenue Growth	-	-	-	-	-
Referral Network	53.44M	-	-	-	-
Referral Network Growth	-	-	-	-	-
Management Service	11.77M	-	-	-	-
Management Service Growth	-	-	-	-	-
Software Subscription	8.01M	-	-	-	-
Software Subscription Growth	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Porch Group, Inc. (PRCH) reported $442.5M in revenue for fiscal year 2024. This represents a 717% increase from $54.1M in 2018.

Porch Group, Inc. (PRCH) grew revenue by 1.8% over the past year. Growth has been modest.

Yes, Porch Group, Inc. (PRCH) is profitable, generating $30.6M in net income for fiscal year 2024 (-7.5% net margin).

Dividend & Returns

Porch Group, Inc. (PRCH) generated $27.3M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.