The company maintains a vulnerable capital structure characterized by a debt-to-equity ratio of 17.55 as of 2025Q4 and a stagnant goodwill balance of $191.9 million.
| Total Current Assets | 270.06M | 88.21M | 365.13M | 481.08M | 609.63M | 605.06M | 215.8M | 10.17M | 10.16M |
| Cash & Short-Term Investments | 184.99M | 65.8M | 191.74M | 294.01M | 251.58M | 324.99M | 196.05M | 4.18M | 4.24M |
| Cash Only | 171.3M | 53.18M | 167.64M | 258.42M | 215.06M | 315.74M | 196.05M | 4.18M | 4.24M |
| Short-Term Investments | 13.7M | 12.62M | 24.1M | 35.59M | 36.52M | 9.25M | 0 | 0 | 0 |
| Accounts Receivable | 60.91M | 11.31M | 111.41M | 107.87M | 324.5M | 257.18M | 4.27M | 4.71M | 2.45M |
| Days Sales Outstanding | 36.42 | 8.55 | 92.87 | 91.5 | 429.22 | 487.82 | 21.55 | 22.16 | 16.52 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 24.16M | 721K | 61.98M | 79.2M | 33.55M | 8.55M | 11.41M | 0 | 3.48M |
| Total Non-Current Assets | 558.88M | 709.22M | 448.84M | 418.31M | 438.42M | 433.68M | 52.59M | 38.29M | 46.43M |
| Property, Plant & Equipment | 29.6M | 27.61M | 22.54M | 20.07M | 12.24M | 11.17M | 4.59M | 6.66M | 6.74M |
| Fixed Asset Turnover | 22.86x | 17.47x | 19.42x | 21.44x | 22.54x | 17.23x | 15.74x | 11.65x | 8.04x |
| Goodwill | 191.91M | 191.91M | 191.91M | 191.91M | 244.7M | 225.76M | 28.29M | 18.27M | 21.3M |
| Intangible Assets | 73.53M | 30.49M | 68.75M | 87.22M | 108.25M | 129.72M | 15.96M | 9.83M | 14.7M |
| Long-Term Investments | 697.58M | 55.41M | 158.65M | 103.59M | 55.12M | 58.32M | 0 | 0 | 0 |
| Other Non-Current Assets | 34.85M | 403.8M | 6.99M | 15.53M | 18.11M | 8.71M | 3.74M | 3.53M | 3.7M |
| Total Assets | 806.58M | 797.42M | 813.97M | 899.39M | 1.05B | 1.04B | 268.39M | 48.47M | 56.6M |
| Asset Turnover | 0.61x | 0.60x | 0.54x | 0.48x | 0.26x | 0.19x | 0.27x | 1.60x | 0.96x |
| Asset Growth % | -22.69% | -2.03% | -9.5% | -14.27% | 0.99% | 287.03% | 453.74% | -14.36% | - |
| Total Current Liabilities | 328.7M | 67.78M | 414.16M | 462.15M | 515.64M | 363.12M | 31.73M | 57.46M | 75.66M |
| Accounts Payable | 11.2M | 4.05M | 4.54M | 8.76M | 6.27M | 6.96M | 9.2M | 4.81M | 2.34M |
| Days Payables Outstanding | 23.69 | 10.37 | 7.34 | 14.52 | 21.27 | 43.29 | 191.27 | 81.59 | 55.74 |
| Short-Term Debt | 7.78M | 7.77M | 150K | 244K | 16.45M | 150K | 4.75M | 20.46M | 48.8M |
| Deferred Revenue (Current) | 667.94M | 0 | 261.3M | 248.68M | 290.83M | 216.36M | 5.21M | 3.33M | 0 |
| Other Current Liabilities | 9.96M | -6.75M | 81.93M | 129.28M | 111.15M | 101.97M | 2.66M | 11.79M | 24.51M |
| Current Ratio | 0.82x | 1.30x | 0.88x | 1.04x | 1.18x | 1.67x | 6.80x | 0.18x | 0.13x |
| Quick Ratio | 0.82x | 1.30x | 0.88x | 1.04x | 1.18x | 1.67x | 6.80x | 0.18x | 0.13x |
| Cash Conversion Cycle | 12.73 | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 451.57M | 707.25M | 443.04M | 472.92M | 454.06M | 458.58M | 129.34M | 50.98M | 11.78M |
| Long-Term Debt | 391.26M | 385.06M | 403.79M | 435.5M | 425.31M | 414.58M | 43.24M | 40.66M | 9.68M |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 2.54M | 2.69M | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 60.31M | 102.64M | 39.25M | 37.43M | 26.22M | 41.3M | 85.57M | 7.22M | 2.1M |
| Total Liabilities | 780.27M | 775.04M | 857.19M | 935.08M | 969.7M | 821.7M | 161.06M | 108.45M | 87.44M |
| Total Debt | 399.05M | 392.83M | 403.94M | 435.74M | 444.3M | 417.43M | 47.98M | 61.12M | 58.48M |
| Net Debt | 227.75M | 339.65M | 236.29M | 177.32M | 229.24M | 101.69M | -148.06M | 56.94M | 54.25M |
| Debt / Equity | 15.17x | 17.55x | - | - | 5.60x | 1.92x | 0.45x | - | - |
| Debt / EBITDA | 5.52x | 6.87x | - | - | - | - | - | - | - |
| Net Debt / EBITDA | 3.15x | 5.94x | - | - | - | - | - | - | - |
| Interest Coverage | 1.35x | 1.52x | 0.28x | -3.19x | -16.85x | -19.30x | -2.78x | -13.47x | - |
| Total Equity | 26.31M | 22.39M | -43.23M | -35.68M | 79.35M | 217.04M | 107.33M | -59.98M | -30.84M |
| Equity Growth % | 545.34% | 151.79% | -21.14% | -144.97% | -63.44% | 102.23% | 278.94% | -94.47% | - |
| Book Value per Share | 0.25 | 0.22 | -0.43 | -0.37 | 0.82 | 2.31 | 1.32 | -2.78 | -1.60 |
| Total Shareholders' Equity | -25.4M | -24.62M | -43.23M | -35.68M | 79.35M | 217.04M | 107.33M | -59.98M | -30.84M |
| Common Stock | 11K | 11K | 10K | 10K | 10K | 10K | 8K | 3K | 205K |
| Retained Earnings | -655.49M | -648.27M | -754.86M | -722.06M | -585.02M | -424.11M | -317.51M | -263.47M | -160.66M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -316K | 642K | -5.45M | -3.86M | -6.17M | -259K | 0 | 0 | 0 |
| Minority Interest | 51.71M | 47.01M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Insurance underwriting and leverage
As reported in recent financial filings, Porch Group's equity position has remained consistently negative, reaching -$25.4 million in 2026Q1, which underscores a structural inability to build book value despite the company's ongoing efforts to scale its vertical software and insurance operations through aggressive acquisition strategies.
The persistent negative equity suggests that cumulative losses have significantly outpaced capital contributions, raising questions about the long-term sustainability of the current business model. Investors should monitor whether the company can achieve a pivot to positive retained earnings or if the balance sheet will continue to rely on external financing to offset operational deficits.
Based on the company's latest balance sheet data, the debt-to-equity ratio reached 17.55 in 2025Q4, reflecting a capital structure that appears heavily reliant on debt financing to support operations while the company navigates the cyclical headwinds of the U.S. residential real estate market.
The elevated leverage ratio indicates that the company's financial flexibility is constrained, particularly given the volatility of its insurance segment. This reliance on debt warrants further investigation into the maturity profile of these obligations and the company's ability to service them if housing market stagnation persists.
According to recent quarterly reports, Porch Group's cash position has fluctuated significantly, dropping from $279.1 million in 2024Q1 to $53.2 million by 2025Q4, which suggests that the company's liquidity buffer is highly sensitive to insurance claims and the timing of operational cash outflows.
The sharp decline in cash reserves highlights the difficulty of maintaining a stable liquidity position while simultaneously managing insurance underwriting risks. The current ratio of 0.82 in 2026Q1 suggests that the company may face challenges in meeting short-term obligations without further capital injections or improved operational cash flow.
As indicated by the provided balance sheet, goodwill remains stagnant at $191.9 million, representing a significant portion of total assets that may be vulnerable to impairment if the expected synergies from the company's various software acquisitions fail to materialize in the current high-interest-rate environment.
The reliance on intangible assets to bolster the asset base suggests that the company's book value may be overstated relative to its tangible liquidation value. Investors should be cautious, as any future write-downs of these assets would further erode the already negative equity position and potentially trigger covenant breaches.
Quick answers to the most common questions about buying PRCH stock.
As of 2025, Porch Group, Inc. (PRCH) had total assets of $797.4M including $88.2M in current assets.
Porch Group, Inc. (PRCH) carries total debt of $392.8M, offset by $65.8M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Porch Group, Inc. (PRCH) has total shareholders' equity (book value) of $-24.6M ($0.22 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Porch Group, Inc. (PRCH) reported a current ratio of 1.30x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.