Porch Group, Inc. (PRCH) Financial Statements (2025 and earlier)

Company Profile

Business Address 411 1ST AVENUE S., SUITE 501
SEATTLE, WA 98104
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 7372 - Prepackaged Software (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments294,006251,583324,992196,0461,413
Cash and cash equivalent258,418215,060315,741196,0461,413
Short-term investments35,58836,5239,251  
Restricted cash and investments38,81413,5458,85111,407 
Receivables24,28826,43828,7674,661 
Prepaid expense     218
Contract with customer, asset, after allowance for credit loss17,39315,5219,3844 
Other undisclosed current assets106,577303,548233,0703,887 
Total current assets:481,078610,635605,064216,0051,630
Noncurrent Assets
Operating lease, right-of-use asset  4,2014,504  
Property, plant and equipment16,86112,2406,6664,593 
Long-term investments and receivables117,01767,38365,8453,365 
Long-term investments103,58855,11858,324  
Accounts and financing receivable, after allowance for credit loss 13,42912,2657,5213,365 
Intangible assets, net (including goodwill)279,123352,952355,48444,250 
Goodwill191,907244,697225,65428,289 
Intangible assets, net (excluding goodwill)87,216108,255129,83015,961 
Restricted cash and investments   500  
Other noncurrent assets5,3141,646684378 
Other undisclosed noncurrent assets     172,739
Total noncurrent assets:418,315438,422433,68352,586172,739
TOTAL ASSETS:899,3931,049,0571,038,747268,591174,369
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:6409423218,903138
Taxes payable✕✕✕  84
Accounts payable8,7616,2686,9658,90328
Accrued liabilities     27
Other undisclosed accounts payable and accrued liabilities(8,121)(5,326)(6,644)  
Deferred revenue248,683270,690201,0854,870 
Debt24416,4551504,746 
Disposal group, including discontinued operation     33
Customer refund liability17,98020,14215,2742,664 
Other undisclosed current liabilities194,605207,410146,2929,991 
Total current liabilities:462,152515,639363,12231,174171
Noncurrent Liabilities
Long-term debt and lease obligation435,495425,310417,27943,237 
Long-term debt, excluding current maturities435,495425,310414,58543,237 
Liabilities, other than long-term debt37,42928,00412,2424,327 
Customer refund liability    529 
Other liabilities37,42925,46812,2423,798 
Operating lease, liability  2,5362,694  
Other undisclosed noncurrent liabilities  75129,05950,4426,038
Total noncurrent liabilities:472,924454,065458,58098,0066,038
Total liabilities:935,076969,704821,702129,1806,208
Temporary equity, including noncontrolling interest     163,161
Equity
Equity, attributable to parent, including:(35,683)79,353217,045139,4115,000
Common stock1010108 
Additional paid in capital690,223670,537641,406454,4864,967
Accumulated other comprehensive loss(3,860)(6,171)(259)  
Retained earnings (accumulated deficit)(722,056)(585,023)(424,112)(315,083)32
Other undisclosed equity, attributable to parent     1
Total equity:(35,683)79,353217,045139,4115,000
TOTAL LIABILITIES AND EQUITY:899,3931,049,0571,038,747268,591174,369

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Revenues430,302275,948192,43373,216 
Premiums earned, net227,263    
Cost of revenue(220,243)(107,577)(58,725)(17,562) 
Policyholder benefits and claims incurred, net(183,505)(56,303)   
Deferred policy acquisition costs, amortization expense(49,200)(14,500)(18,781)  
Gross profit:210,059168,371133,70855,654 
Operating expenses(341,911)(285,853)(170,618)(68,713) 
Other undisclosed operating loss(58,502)(59,565)(46,455)(28,298) 
Operating loss:(190,354)(177,047)(83,365)(41,357) 
Nonoperating income (expense)57,04321,330(33,514)(11,943) 
Investment income, nonoperating4,1671,544   
Other nonoperating income3,8935713402,791 
Interest and debt expense81,354(8,723)5,110(895) 
Loss from continuing operations before equity method investments, income taxes:(51,957)(164,440)(111,769)(54,195) 
Other undisclosed income (loss) from continuing operations before income taxes(81,354)8,723(5,110)895 
Loss from continuing operations before income taxes:(133,311)(155,717)(116,879)(53,300) 
Income tax expense (benefit)(622)(842)10,2731,691 
Loss from continuing operations:(133,933)(156,559)(106,606)(51,609) 
Loss before gain (loss) on sale of properties:✕✕✕(106,606)(51,609) 
Net loss attributable to parent:(133,933)(156,559)(106,606)(51,609) 
Preferred stock dividends and other adjustments    (17,284) 
Net loss available to common stockholders, diluted:(133,933)(156,559)(106,606)(68,893) 

Comprehensive Income ($ in thousands)
Annual | Quarterly

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Net loss:(133,933)(156,559)(106,606)(51,609) 
Comprehensive loss:(133,933)(156,559)(106,606)(51,609) 
Other undisclosed comprehensive income (loss), net of tax, attributable to parent2,311(5,912)(259)  
Comprehensive loss, net of tax, attributable to parent:(131,622)(162,471)(106,865)(51,609) 

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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