← Porch Group, Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Total revenue | $77.6m |
$73.2m
-5.64%
|
$192.4m
+162.83%
|
$275.9m
+43.40%
|
$430.3m
+55.94%
|
$437.8m
+1.75%
|
$482.4m
+10.18%
|
$540.9m
+12.12%
|
|
| Cost of revenue | $21.5m |
$17.6m
-18.32%
|
$58.7m
+234.39%
|
$107.6m
+83.19%
|
$220.2m
+104.73%
|
$225.6m
+2.44%
|
$142.4m
-36.88%
|
$135.9m
-4.56%
|
|
| Gross profit | $56.1m |
$55.7m
-0.79%
|
$133.7m
+140.25%
|
$168.4m
+25.92%
|
$200.9m
+19.32%
|
$201.9m
+0.51%
|
$340.0m
+68.37%
|
$299.7m
-11.86%
|
|
| Selling and marketing | $56.2m | $41.8m | $84.3m | $113.8m | $144.3m | $122.9m | $139.6m | $269.8m | |
| General and administrative | $78k | $28.4m | $85.8m | $110.6m | $103.2m | $98.4m | $105.2m | $111.9m | |
| Operating income (loss) | ($88.1m) |
($41.4m)
+53.07%
|
($83.4m)
-101.57%
|
($177.0m)
-112.38%
|
($190.4m)
-7.52%
|
($64.6m)
+66.08%
|
$36.6m
+156.64%
|
$26.4m
-27.92%
|
|
| Interest expense | ($7.1m) | ($14.7m) | ($5.8m) | ($8.7m) | ($31.8m) | ($42.5m) | ($51.6m) | $35.6m | |
| Investment income and realized gains and losses, net of investment expenses | — | — | $701k | $1.2m | $8.3m | $13.7m | $11.7m | — | |
| Other income, net | ($8.0m) | $2.8m | $340k | $571k | $3.9m | $28.7m | $14.0m | $463.1m | |
| Total other income (expense) | ($15.1m) | ($11.9m) | ($33.5m) | $21.3m | $57.0m | $33.9m | ($9.8m) | — | |
| Income (loss) before income taxes | $65k | ($53.3m) | ($116.9m) | ($155.7m) | ($133.3m) | ($30.7m) | $26.7m | — | |
| Income tax expense | $33k | ($1.7m) | $10.3m | ($842k) | ($622k) | ($2.1m) | ($11.4m) | $14.0m | |
| Net income (loss) | ($0) |
($2)
-9400.00%
|
($1)
+40.00%
|
($2)
-41.23%
|
($133.9m)
-8318819775.78%
|
($32.8m)
+75.49%
|
$15.3m
+146.66%
|
($13.4m)
-187.77%
|
|
| Less: Net income attributable to the Reciprocal | — | — | — | — | ($133.9m) | $0 | $18.7m | ($13.4m) | |
| Net loss attributable to Porch | $32k | ($51.6m) | $106.6m | ($156.6m) | ($133.9m) | ($32.8m) | ($3.4m) | — | |
| Net income (loss) attributable to Porch per share - basic (in usd per share) | ($0) | ($2) | ($1) | ($2) | ($1) | ($0) | ($0) | ($13.4m) | |
| Weighted average shares outstanding used to compute net income (loss) attributable to Porch per share - basic (in shares) | 0 | (1) | 1 | (2) | (1) | (0) | 0 | — | |
| Comprehensive Income | |||||||||
| Product and technology | $31.0m | $28.3m | $47.0m | $59.6m | $58.5m | $55.3m | $53.3m | — | |
| Provision for doubtful accounts | — | — | $1.1m | $805k | $37.2m | $239k | $5.3m | $239k | |
| Impairment loss on intangible assets and goodwill | — | — | $0 | $61.4m | $57.2m | $0 | $0 | — | |
| Change in fair value of earnout liability | — | — | ($18.5m) | $13.8m | $44k | $0 | $0 | — | |
| Change in fair value of private warrant liability | — | $2.4m | ($15.4m) | $14.5m | ($444k) | $691k | ($4.0m) | — | |
| Change in fair value of derivatives | — | — | $0 | $0 | ($4.3m) | $5.9m | $19.6m | — | |
| Gain on extinguishment of debt | ($483k) | $5.7m | $5.1m | $0 | $81.4m | $27.4m | $395k | — | |
| Change in net unrealized loss, net of tax | — | — | ($259k) | ($5.9m) | $2.3m | ($1.6m) | $6.3m | — | |
| Less: Comprehensive income attributable to the Reciprocal | — | — | — | — | $0 | $0 | $24.4m | — | |
| Comprehensive loss attributable to Porch | — | — | ($106.9m) | ($162.5m) | ($131.6m) | ($34.4m) | ($2.8m) | — |