← Porch Group, Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Net income (loss) | $32k |
($51.6m)
-160825.63%
|
($106.6m)
-106.56%
|
($156.6m)
-46.86%
|
($133.9m)
+14.45%
|
($32.8m)
+75.49%
|
$15.3m
+146.66%
|
— | |
| Depreciation and amortization | $7.4m | $6.6m | $16.4m | $27.9m | $24.4m | $25.5m | $24.5m | $28.7m | |
| Stock-based compensation | $36.0m | $11.4m | $38.6m | $27.0m | $20.7m | $27.2m | $29.0m | $31.2m | |
| Impairment loss on intangible assets and goodwill | — | — | $0 | $61.4m | $57.2m | $0 | $0 | — | |
| Accounts receivable | ($1.8m) | $16k | ($2.9m) | ($4.9m) | $1.0m | ($155k) | ($5.5m) | ($28.4m) | |
| Accounts payable | $23k | $3.8m | ($11.8m) | ($697k) | $2.5m | ($4.2m) | ($162k) | $52.6m | |
| Accrued expenses and other current liabilities | $2k | ($15.9m) | ($16.0m) | ($6.5m) | ($1.4m) | ($10.7m) | $4.1m | — | |
| Deferred revenue | ($803k) | $1.9m | $53.6m | $66.3m | ($21.6m) | ($437k) | ($25.0m) | — | |
| Other operating activities | — | — | — | $3.6m | $1.1m | ($4.1m) | ($2.6m) | — | |
| Other assets and liabilities, net | ($975k) | ($1.8m) | ($399k) | ($990k) | ($3.5m) | $10.9m | ($2.0m) | — | |
| Net cash provided by (used in) operating activities | ($283k) |
($48.7m)
-17107.19%
|
($34.8m)
+28.54%
|
($17.7m)
+49.00%
|
$33.9m
+291.30%
|
($31.7m)
-193.38%
|
$66.4m
+309.64%
|
$96.3m
+45.01%
|
|
| Purchases of property and equipment | ($478k) | ($279k) | ($972k) | ($2.4m) | ($851k) | ($523k) | ($454k) | ($16.2m) | |
| Purchases of short-term and long-term investments | — | — | ($24.0m) | ($52.5m) | ($91.0m) | ($110.9m) | ($148.3m) | — | |
| Maturities, sales of short-term and long-term investments | — | — | $21.7m | $21.9m | $46.8m | $67.8m | $89.6m | — | |
| Loss on divestiture of business | $5.0m | ($1.4m) | — | $0 | $0 | $5.3m | $0 | — | |
| Acquisitions, net of cash acquired | $116k | ($7.8m) | ($256.4m) | ($38.6m) | ($2.0m) | $0 | $0 | ($114.8m) | |
| Net cash used in investing activities | ($172.5m) | ($10.7m) | ($263.4m) | ($79.7m) | ($56.3m) | ($45.1m) | ($71.9m) | ($72.4m) | |
| Gain on extinguishment of debt | $483k | ($5.7m) | ($5.1m) | $0 | ($81.4m) | ($27.4m) | ($395k) | — | |
| Proceeds from issuance of debt | $31.3m | $66.2m | $413.5m | $10.0m | $116.7m | $0 | $51.0m | $0 | |
| Cash paid for debt issuance costs | — | — | $0 | $0 | ($4.7m) | $0 | ($2.2m) | — | |
| Other financing activities | — | — | $4.0m | $401k | ($210k) | ($339k) | ($2.8m) | — | |
| Net cash used in financing activities | $174.2m |
$259.6m
+49.04%
|
$415.5m
+60.06%
|
$1.2m
-99.70%
|
$91.0m
+7312.47%
|
($23.7m)
-126.07%
|
($22.2m)
+6.49%
|
($16.2m)
+26.75%
|
|
| Cash, cash equivalents, and restricted cash and cash equivalents at beginning of period | $7.2m | $207.5m | $324.8m | $228.6m | $297.2m | $196.8m | $169.1m | — | |
| Net change in cash, cash equivalents, and restricted cash and cash equivalents | — | — | $117.3m | ($96.2m) | $68.6m | ($100.5m) | ($27.7m) | — | |
| Additional Supplementary Disclosures | |||||||||
| Additional Supplementary Disclosures | |||||||||
| Provision for doubtful accounts | — | — | $1.1m | $805k | $37.2m | $239k | $5.3m | — | |
| Change in fair value of private warrant liability | $2.1m | $2.6m | $15.4m | ($14.5m) | $444k | ($691k) | $4.0m | — | |
| Change in fair value of contingent consideration | — | — | ($2.2m) | $6.9m | ($5.7m) | ($3.4m) | ($44k) | — | |
| Change in fair value of derivatives | — | — | — | ($13.8m) | $4.2m | ($5.9m) | ($19.6m) | — | |
| Non-cash interest expense | $2.4m | $7.5m | $2.4m | $2.3m | $20.8m | $27.3m | $29.2m | — | |
| Gain on settlement of contingent consideration | — | — | — | $0 | $0 | ($14.9m) | $0 | — | |
| Reinsurance balance due | — | — | ($15.3m) | ($70.6m) | $179.4m | ($7.4m) | $53.6m | — | |
| Deferred policy acquisition costs | — | — | ($4.2m) | ($4.7m) | ($18.5m) | $9.6m | ($9.2m) | — | |
| Losses and loss adjustment expense reserves | — | — | ($22.4m) | $38.7m | ($5.1m) | ($27.7m) | ($18.6m) | — | |
| Other insurance liabilities, current | — | — | $14.4m | $21.7m | ($30.1m) | $7.6m | ($15.3m) | — | |
| Refundable customer deposits | $6.1m | ($3.5m) | ($3.5m) | $6.5m | ($13.9m) | ($5.4m) | ($94k) | — | |
| Capitalized internal use software development costs | ($4.1m) | ($2.6m) | ($3.7m) | ($8.1m) | ($9.2m) | ($12.3m) | ($13.9m) | — | |
| Proceeds from sale of business | — | — | — | $0 | $0 | $10.9m | $1.2m | — | |
| Proceeds from advance funding | — | — | $0 | $18.6m | $319k | $0 | $0 | — | |
| Repayments of advance funding | — | — | $0 | ($22.7m) | ($4.1m) | $0 | $0 | — | |
| Repayments of principal | ($202k) | ($81.6m) | ($47.0m) | ($5.2m) | ($10.2m) | ($23.4m) | ($68.2m) | — | |
| Repurchase of stock | — | ($42k) | $0 | ($1.8m) | ($5.6m) | $0 | $0 | — | |
| Non-cash reduction in advance funding arrangement obligations | — | — | — | $0 | $11.8m | $94k | $0 | — | |
| Non-cash reduction of convertible notes, net | — | $2.7m | — | — | $0 | $0 | $15.0m | — | |
| Non-cash additions of internally developed software | — | — | — | — | $0 | $0 | $434k | — | |
| Non-cash warrant exercises | — | — | — | — | $0 | $0 | $4.5m | — | |
| Cash paid for interest | $3.5m | $9.1m | $2.7m | $3.5m | $12.2m | $23.8m | $29.0m | — | |
| Income taxes paid (refunded) | — | — | $0 | ($674k) | $2.3m | $621k | $562k | — |