Porch Group, Inc.PRCHEarnings & Financial Report
Porch is a website that tries to connect homeowners with local home improvement contractors. The site features advice articles, cost guide, and online booking for over 160 home projects.
Revenue
$75.9M
Gross Profit
$16.8M
Operating Profit
$-52.5M
Net Profit
$-64.3M
Gross Margin
22.1%
Operating Margin
-69.2%
Net Margin
-84.8%
YoY Growth
-23.2%
EPS
$-0.65
Porch Group, Inc. Q2 FY2024 Financial Summary
Porch Group, Inc. reported revenue of $75.9M (down 23.2% YoY) for Q2 FY2024, with a net profit of $-64.3M (up 26.0% YoY) (-84.8% margin). Cost of goods sold was $59.1M, operating expenses totaled $69.3M.
Key Financial Metrics
| Total Revenue | $75.9M |
|---|---|
| Net Profit | $-64.3M |
| Gross Margin | 22.1% |
| Operating Margin | -69.2% |
| Report Period | Q2 FY2024 |
Revenue Breakdown
Porch Group, Inc. Q2 FY2024 revenue of $75.9M breaks down across 4 segments, led by Other at $43.3M (57.0% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Other | $43.3M | 57.0% |
| Software And Service Subscription | $18.3M | 24.1% |
| Move Related Transactions Excluding Insurance | $9.5M | 12.5% |
| Post Move Transactions | $4.8M | 6.4% |
Porch Group, Inc. Revenue by Segment — Quarterly Trend
Porch Group, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Other and Software And Service Subscription) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Other | — | $6.7M | $8.6M | — |
Porch Group, Inc. Annual Revenue by Year
Porch Group, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $418.9M).
| Year | Annual Revenue |
|---|---|
| 2025 | $418.9M |
| 2024 | $313.3M |
| 2023 | $430.3M |
| 2022 | $275.9M |
Porch Group, Inc. Quarterly Revenue & Net Profit History
Porch Group, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $121.1M | +100.0% | $-4.7M | -3.9% |
| Q4 FY2025 | $112.3M | +49.1% | $-3.5M | -3.1% |
| Q3 FY2025 | $115.1M | +48.1% | $-10.9M | -9.4% |
| Q2 FY2025 | $107.0M | +41.1% | $2.6M | 2.4% |
| Q1 FY2025 | $84.5M | +0.2% | $8.4M | 9.9% |
| Q4 FY2024 | $75.3M | -34.3% | $30.5M | 40.5% |
| Q3 FY2024 | $77.7M | -40.0% | $14.4M | 18.5% |
| Q2 FY2024 | $75.9M | -23.2% | $-64.3M | -84.8% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $75.9M | $77.7M | $75.3M | $84.5M | $107.0M | $115.1M | $112.3M | $121.1M |
| YoY Growth | -23.2% | -40.0% | -34.3% | 0.2% | 41.1% | 48.1% | 49.1% | 100.0% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $876.1M | $867.3M | $814.0M | $802.3M | $770.7M | $787.7M | $797.4M | $806.6M |
| Liabilities | $978.0M | $944.3M | $857.2M | $834.3M | $772.9M | $777.3M | $775.0M | $780.3M |
| Equity | $-101.9M | $-77.0M | $-43.2M | $-52.4M | $-29.3M | $-27.9M | $-24.6M | $26.3M |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $-26.0M | $12.4M | $-26.6M | $-11.2M | $35.6M | $40.8M | $1.2M |