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Side-by-side financial comparison of INDEPENDENCE REALTY TRUST, INC. (IRT) and Porch Group, Inc. (PRCH). Click either name above to swap in a different company.
INDEPENDENCE REALTY TRUST, INC. is the larger business by last-quarter revenue ($165.3M vs $121.1M, roughly 1.4× Porch Group, Inc.). On growth, Porch Group, Inc. posted the faster year-over-year revenue change (100.0% vs 2.5%). Over the past eight quarters, Porch Group, Inc.'s revenue compounded faster (26.4% CAGR vs 2.2%).
Brandywine Realty Trust is a Philadelphia-based real estate investment trust (REIT) that invests in office buildings in Philadelphia, Washington, D.C., and Austin, Texas.
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.
IRT vs PRCH — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $165.3M | $121.1M |
| Net Profit | — | $-4.7M |
| Gross Margin | — | 52.7% |
| Operating Margin | — | 34.7% |
| Net Margin | — | -3.9% |
| Revenue YoY | 2.5% | 100.0% |
| Net Profit YoY | — | 2.0% |
| EPS (diluted) | $0.00 | $-0.04 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $165.3M | $121.1M | ||
| Q4 25 | $167.1M | $112.3M | ||
| Q3 25 | $167.1M | $115.1M | ||
| Q2 25 | $162.2M | $107.0M | ||
| Q1 25 | $161.2M | $84.5M | ||
| Q4 24 | $161.0M | $75.3M | ||
| Q3 24 | $160.1M | $77.7M | ||
| Q2 24 | $158.4M | $75.9M |
| Q1 26 | — | $-4.7M | ||
| Q4 25 | $33.3M | $-3.5M | ||
| Q3 25 | $6.9M | $-10.9M | ||
| Q2 25 | $8.0M | $2.6M | ||
| Q1 25 | $8.4M | $8.4M | ||
| Q4 24 | $-1.0M | $30.5M | ||
| Q3 24 | $12.4M | $14.4M | ||
| Q2 24 | $10.4M | $-64.3M |
| Q1 26 | — | 52.7% | ||
| Q4 25 | — | 99.5% | ||
| Q3 25 | — | 75.6% | ||
| Q2 25 | — | 70.9% | ||
| Q1 25 | — | 77.4% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 79.4% | ||
| Q2 24 | — | 22.1% |
| Q1 26 | — | 34.7% | ||
| Q4 25 | — | 14.7% | ||
| Q3 25 | — | 14.2% | ||
| Q2 25 | — | 4.7% | ||
| Q1 25 | — | -1.5% | ||
| Q4 24 | — | 33.3% | ||
| Q3 24 | — | -3.2% | ||
| Q2 24 | — | -69.2% |
| Q1 26 | — | -3.9% | ||
| Q4 25 | 19.9% | -3.1% | ||
| Q3 25 | 4.1% | -9.4% | ||
| Q2 25 | 5.0% | 2.4% | ||
| Q1 25 | 5.2% | 9.9% | ||
| Q4 24 | -0.6% | 40.5% | ||
| Q3 24 | 7.7% | 18.5% | ||
| Q2 24 | 6.5% | -84.8% |
| Q1 26 | $0.00 | $-0.04 | ||
| Q4 25 | $0.14 | $0.00 | ||
| Q3 25 | $0.03 | $-0.10 | ||
| Q2 25 | $0.03 | $0.00 | ||
| Q1 25 | $0.04 | $0.07 | ||
| Q4 24 | $-0.01 | $0.34 | ||
| Q3 24 | $0.05 | $0.12 | ||
| Q2 24 | $0.05 | $-0.65 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $23.3M | $68.4M |
| Total DebtLower is stronger | — | $391.3M |
| Stockholders' EquityBook value | $3.4B | $26.3M |
| Total Assets | $6.1B | $806.6M |
| Debt / EquityLower = less leverage | — | 14.87× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $23.3M | $68.4M | ||
| Q4 25 | $23.6M | $57.3M | ||
| Q3 25 | $23.3M | $85.0M | ||
| Q2 25 | $19.5M | $79.8M | ||
| Q1 25 | $29.1M | $70.4M | ||
| Q4 24 | $21.2M | $191.7M | ||
| Q3 24 | $17.6M | $238.6M | ||
| Q2 24 | $21.0M | $308.4M |
| Q1 26 | — | $391.3M | ||
| Q4 25 | $2.3B | $392.8M | ||
| Q3 25 | $2.3B | $387.1M | ||
| Q2 25 | $2.2B | $394.1M | ||
| Q1 25 | $2.3B | $409.2M | ||
| Q4 24 | $2.3B | $403.9M | ||
| Q3 24 | $2.3B | $399.0M | ||
| Q2 24 | $2.3B | $436.8M |
| Q1 26 | $3.4B | $26.3M | ||
| Q4 25 | $3.5B | $-24.6M | ||
| Q3 25 | $3.5B | $-27.9M | ||
| Q2 25 | $3.4B | $-29.3M | ||
| Q1 25 | $3.5B | $-52.4M | ||
| Q4 24 | $3.4B | $-43.2M | ||
| Q3 24 | $3.4B | $-77.0M | ||
| Q2 24 | $3.4B | $-101.9M |
| Q1 26 | $6.1B | $806.6M | ||
| Q4 25 | $6.0B | $797.4M | ||
| Q3 25 | $6.1B | $787.7M | ||
| Q2 25 | $6.0B | $770.7M | ||
| Q1 25 | $6.0B | $802.3M | ||
| Q4 24 | $6.1B | $814.0M | ||
| Q3 24 | $5.9B | $867.3M | ||
| Q2 24 | $5.9B | $876.1M |
| Q1 26 | — | 14.87× | ||
| Q4 25 | 0.66× | — | ||
| Q3 25 | 0.66× | — | ||
| Q2 25 | 0.66× | — | ||
| Q1 25 | 0.65× | — | ||
| Q4 24 | 0.68× | — | ||
| Q3 24 | 0.68× | — | ||
| Q2 24 | 0.66× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IRT
| Rental and other property revenue | $165.2M | 100% |
| Other revenue | $109.0K | 0% |
PRCH
Segment breakdown not available.
