Porch Group (PRCH) Financials

$6.34 +0.09 (+1.44%)

Closing price 04:00 PM Eastern

Extended Trading

$7.25 +0.91 (+14.35%)

As of 05:31 PM Eastern

Annual Income Statements for Porch Group

This table shows Porch Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-157	-134	-33
Consolidated Net Income / (Loss)	-157	-134	-33
Net Income / (Loss) Continuing Operations	-157	-134	-33
Total Pre-Tax Income	-156	-133	-31
Total Operating Income	-177	-190	-65
Total Gross Profit	168	173	212
Total Revenue	276	430	438
Operating Revenue	276	430	438
Total Cost of Revenue	108	257	226
Operating Cost of Revenue	108	220	226
Other Cost of Revenue	0.81	37	0.24
Total Operating Expenses	345	363	277
Selling, General & Admin Expense	110	103	98
Marketing Expense	114	144	123
Other Operating Expenses / (Income)	60	59	55
Impairment Charge	61	57	0.00
Total Other Income / (Expense), net	21	57	34
Interest Expense	8.72	-50	15
Interest & Investment Income	1.17	8.29	14
Other Income / (Expense), net	29	-0.77	35
Income Tax Expense	0.84	0.62	2.12
Basic Earnings per Share	($1.61)	($1.39)	($0.33)
Weighted Average Basic Shares Outstanding	97.35M	96.06M	99.59M
Diluted Earnings per Share	($1.61)	($1.39)	($0.33)
Weighted Average Diluted Shares Outstanding	97.35M	96.06M	99.59M
Weighted Average Basic & Diluted Shares Outstanding	96.98M	97.60M	120.06M

This table shows Porch Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-84	-35	-39	-87	-5.74	-2.49	-13	-64	14	30
Consolidated Net Income / (Loss)	-84	-35	-39	-87	-5.74	-2.49	-13	-64	14	30
Net Income / (Loss) Continuing Operations	-84	-35	-39	-87	-5.74	-2.49	-13	-64	14	30
Total Pre-Tax Income	-84	-35	-39	-87	-5.63	-1.90	-13	-64	14	32
Total Operating Income	-83	-34	-39	-159	0.20	7.38	-35	-52	-2.50	25
Total Gross Profit	44	43	36	-31	83	85	40	20	64	88
Total Revenue	77	64	87	99	130	115	115	111	111	100
Operating Revenue	77	64	87	99	130	115	115	111	111	100
Total Cost of Revenue	33	21	51	130	46	30	76	91	47	12
Operating Cost of Revenue	33	20	51	81	53	35	76	92	47	11
Total Operating Expenses	127	77	75	128	83	77	74	72	67	63
Selling, General & Admin Expense	25	30	26	23	29	26	26	24	25	23
Marketing Expense	31	28	33	35	40	37	34	33	27	28
Other Operating Expenses / (Income)	14	15	14	15	14	15	14	15	15	12
Total Other Income / (Expense), net	-1.58	-1.11	-0.32	72	-5.83	-9.28	21	-11	17	6.83
Interest Expense	2.15	2.22	2.19	-73	10	11	5.90	10	-12	11
Interest & Investment Income	0.34	0.40	0.76	1.25	2.49	3.79	3.64	3.53	3.79	2.74
Other Income / (Expense), net	0.24	0.72	1.11	-1.36	1.96	-2.47	24	-4.36	1.02	15
Income Tax Expense	-0.02	0.57	-0.11	0.03	0.12	0.59	0.18	0.69	-0.18	1.43
Basic Earnings per Share	($0.86)	($0.37)	($0.41)	($0.91)	($0.06)	($0.01)	($0.14)	($0.65)	$0.14	$0.32
Weighted Average Basic Shares Outstanding	97.79M	97.35M	95.21M	95.73M	98.87M	96.06M	97.51M	99.19M	119.54M	99.59M
Diluted Earnings per Share	($0.86)	($0.37)	($0.41)	($0.91)	($0.06)	($0.01)	($0.14)	($0.65)	$0.12	$0.34
Weighted Average Diluted Shares Outstanding	97.79M	97.35M	95.21M	95.73M	98.87M	96.06M	97.51M	99.19M	119.54M	99.59M
Weighted Average Basic & Diluted Shares Outstanding	100.55M	96.98M	97.82M	98.43M	98.87M	97.60M	99.19M	118.77M	119.54M	120.06M

This table details how cash moves in and out of Porch Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-96	69	-100
Net Cash From Operating Activities	-18	34	-32
Net Cash From Continuing Operating Activities	-18	34	-32
Net Income / (Loss) Continuing Operations	-157	-134	-33
Consolidated Net Income / (Loss)	-157	-134	-33
Depreciation Expense	28	24	26
Non-Cash Adjustments To Reconcile Net Income	109	48	-5.11
Changes in Operating Assets and Liabilities, net	2.07	95	-19
Net Cash From Investing Activities	-80	-56	-45
Net Cash From Continuing Investing Activities	-80	-56	-45
Purchase of Property, Plant & Equipment	-10	-10	-13
Acquisitions	-39	-1.97	0.00
Purchase of Investments	-53	-91	-111
Divestitures	0.00	0.00	11
Sale and/or Maturity of Investments	22	47	68
Net Cash From Financing Activities	1.23	91	-24
Net Cash From Continuing Financing Activities	1.23	91	-24
Repayment of Debt	-31	-20	-24
Repurchase of Common Equity	-1.81	-5.61	0.00
Issuance of Debt	15	117	0.00
Other Financing Activities, net	19	0.32	0.00
Cash Interest Paid	3.51	12	24
Cash Income Taxes Paid	-0.67	-2.29	0.62

This table details how cash moves in and out of Porch Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Change in Cash & Equivalents	-5.08	-48	-34	111	57	-64	19	-31	-69	-20
Net Cash From Operating Activities	-6.20	-7.38	-22	13	84	-41	8.47	-26	12	-27
Net Cash From Continuing Operating Activities	-6.20	-7.38	-22	13	84	-41	8.47	-26	12	-27
Net Income / (Loss) Continuing Operations	-84	-35	-39	-87	-5.74	-2.49	-13	-64	14	30
Consolidated Net Income / (Loss)	-84	-35	-39	-87	-5.74	-2.49	-13	-64	14	30
Depreciation Expense	8.68	6.36	6.02	6.21	6.27	5.91	6.32	6.20	6.05	6.95
Non-Cash Adjustments To Reconcile Net Income	76	9.24	25	88	-27	-37	20	53	-37	-41
Changes in Operating Assets and Liabilities, net	-6.36	12	-14	6.03	110	-6.94	-4.25	-21	29	-23
Net Cash From Investing Activities	-8.04	-33	-5.15	-2.80	-26	-22	13	-3.93	-61	7.15
Net Cash From Continuing Investing Activities	-8.04	-33	-5.15	-2.80	-26	-22	13	-3.93	-61	7.15
Purchase of Property, Plant & Equipment	-2.75	-2.66	-2.78	-2.62	-2.29	-2.40	-2.36	-3.19	-3.38	-3.87
Purchase of Investments	-5.89	-33	-	-	-36	-31	-	-	-79	-13
Sale and/or Maturity of Investments	5.55	4.11	-0.39	23	12	12	4.71	18	21	24
Net Cash From Financing Activities	9.15	-7.77	-7.27	100	-0.56	-1.46	-2.50	-0.63	-20	-0.44
Net Cash From Continuing Financing Activities	9.15	-7.77	-7.27	100	-0.56	-1.46	-2.50	-0.63	-20	-0.44
Repayment of Debt	-12	-9.49	-0.70	-15	-3.24	-1.46	-2.50	-0.63	-20	-0.44
Cash Interest Paid	1.59	0.33	1.80	0.48	-0.12	10	0.97	11	0.46	11
Cash Income Taxes Paid	-	-	2.38	-4.68	-0.08	0.09	-0.17	0.71	0.01	0.08

This table presents Porch Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Total Assets	1,049	899	814
Total Current Assets	611	481	365
Cash & Equivalents	215	258	168
Restricted Cash	14	39	29
Short-Term Investments	37	36	24
Accounts Receivable	26	24	19
Prepaid Expenses	11	13	15
Other Current Assets	308	111	110
Plant, Property, & Equipment, net	12	17	23
Total Noncurrent Assets	426	401	426
Long-Term Investments	55	104	159
Goodwill	245	192	192
Intangible Assets	108	87	69
Other Noncurrent Operating Assets	5.85	19	6.99
Total Liabilities & Shareholders' Equity	1,049	899	814
Total Liabilities	970	935	857
Total Current Liabilities	516	462	414
Short-Term Debt	16	0.24	0.15
Accounts Payable	6.27	8.76	4.54
Accrued Expenses	40	59	41
Customer Deposits	20	18	13
Current Deferred Revenue	271	249	249
Other Current Liabilities	162	127	107
Total Noncurrent Liabilities	454	473	443
Long-Term Debt	425	435	404
Other Noncurrent Operating Liabilities	29	37	39
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	79	-36	-43
Total Preferred & Common Equity	79	-36	-43
Total Common Equity	79	-36	-43
Common Stock	671	690	717
Retained Earnings	-585	-722	-755
Accumulated Other Comprehensive Income / (Loss)	-6.17	-3.86	-5.45

This table presents Porch Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024
Total Assets	1,072	1,017	1,047	967	881	876	867
Total Current Assets	646	576	658	562	480	480	407
Cash & Equivalents	260	179	266	343	279	274	207
Restricted Cash	16	15	39	19	37	11	9.95
Short-Term Investments	7.21	34	26	29	31	34	32
Accounts Receivable	37	24	25	27	21	21	21
Prepaid Expenses	21	31	30	46	17	18	17
Other Current Assets	304	293	272	98	96	121	120
Plant, Property, & Equipment, net	11	14	15	16	18	19	21
Total Noncurrent Assets	415	427	375	390	383	377	439
Long-Term Investments	55	59	67	87	103	101	166
Goodwill	228	247	192	192	192	192	192
Intangible Assets	112	102	97	92	83	78	73
Other Noncurrent Operating Assets	8.25	6.50	5.71	5.75	5.60	5.58	8.14
Total Liabilities & Shareholders' Equity	1,072	1,017	1,047	967	881	876	867
Total Liabilities	957	971	1,084	1,005	925	978	944
Total Current Liabilities	504	517	604	522	444	487	492
Short-Term Debt	6.28	10	5.44	1.65	0.15	0.15	0.15
Accounts Payable	6.72	6.20	9.33	9.05	5.25	3.13	5.15
Accrued Expenses	37	39	34	42	53	46	47
Customer Deposits	20	21	20	19	16	14	13
Current Deferred Revenue	278	247	257	265	216	223	252
Other Current Liabilities	156	194	279	184	153	200	174
Total Noncurrent Liabilities	454	455	480	483	481	491	453
Long-Term Debt	425	425	427	431	432	437	399
Other Noncurrent Operating Liabilities	29	29	53	52	49	54	54
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	115	45	-37	-37	-44	-102	-77
Total Preferred & Common Equity	115	45	-37	-37	-44	-102	-77
Total Common Equity	115	45	-37	-37	-44	-102	-77
Common Stock	664	677	683	690	696	703	709
Retained Earnings	-543	-627	-714	-720	-735	-800	-785
Accumulated Other Comprehensive Income / (Loss)	-6.57	-5.30	-6.08	-7.64	-4.69	-4.90	-1.06

This table displays calculated financial ratios and metrics derived from Porch Group's official financial filings.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-
Revenue Growth	43.40%	55.94%	1.75%
EBITDA Growth	-19.58%	-38.65%	97.73%
EBIT Growth	-26.71%	-28.99%	84.66%
NOPAT Growth	-112.38%	-7.52%	66.08%
Net Income Growth	-46.86%	14.45%	75.49%
EPS Growth	-41.23%	13.66%	76.26%
Operating Cash Flow Growth	49.00%	291.30%	-193.38%
Free Cash Flow Firm Growth	75.77%	222.48%	-160.33%
Invested Capital Growth	-16.27%	-118.10%	48.23%
Revenue Q/Q Growth	4.76%	13.30%	-3.15%
EBITDA Q/Q Growth	-12.39%	18.38%	90.50%
EBIT Q/Q Growth	-10.44%	16.58%	54.45%
NOPAT Q/Q Growth	-9.67%	17.78%	21.51%
Net Income Q/Q Growth	-10.88%	19.76%	50.10%
EPS Q/Q Growth	-17.52%	20.57%	51.47%
Operating Cash Flow Q/Q Growth	-419.81%	-49.75%	31.20%
Free Cash Flow Firm Q/Q Growth	56.15%	-17.94%	-34.76%
Invested Capital Q/Q Growth	-3.12%	55.36%	79.65%
Profitability Metrics	-	-	-
Gross Margin	60.72%	40.18%	48.41%
EBITDA Margin	-43.57%	-38.74%	-0.86%
Operating Margin	-64.16%	-44.24%	-14.75%
EBIT Margin	-53.69%	-44.42%	-6.69%
Profit (Net Income) Margin	-56.74%	-31.13%	-7.50%
Tax Burden Percent	100.54%	100.47%	106.89%
Interest Burden Percent	105.09%	69.75%	104.79%
Effective Tax Rate	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-56.23%	-161.98%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	-101.43%	-163.12%	0.00%
Return on Net Nonoperating Assets (RNNOA)	-49.41%	-451.40%	0.00%
Return on Equity (ROE)	-105.64%	-613.39%	83.21%
Cash Return on Invested Capital (CROIC)	-38.52%	0.00%	0.00%
Operating Return on Assets (OROA)	-14.19%	-19.62%	-3.42%
Return on Assets (ROA)	-15.00%	-13.75%	-3.83%
Return on Common Equity (ROCE)	-105.64%	-613.39%	83.21%
Return on Equity Simple (ROE_SIMPLE)	-197.29%	375.34%	75.95%
Net Operating Profit after Tax (NOPAT)	-124	-133	-45
NOPAT Margin	-44.91%	-30.97%	-10.32%
Net Nonoperating Expense Percent (NNEP)	45.19%	1.13%	-104.24%
Return On Investment Capital (ROIC_SIMPLE)	-23.78%	-33.31%	-12.53%
Cost of Revenue to Revenue	39.28%	59.82%	51.59%
SG&A Expenses to Revenue	39.80%	23.98%	22.47%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	124.88%	84.41%	63.16%
Earnings before Interest and Taxes (EBIT)	-148	-191	-29
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-120	-167	-3.79
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	2.38	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.69	0.71	1.34
Price to Earnings (P/E)	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.55	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	1.13	0.71	1.40
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	8.96	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	2.92	0.00
Leverage & Solvency	-	-	-
Debt to Equity	5.57	-12.21	-9.35
Long-Term Debt to Equity	5.36	-12.20	-9.34
Financial Leverage	0.49	2.77	-0.30
Leverage Ratio	7.04	44.62	-21.71
Compound Leverage Factor	7.40	31.12	-22.75
Debt to Total Capital	84.77%	108.92%	111.98%
Short-Term Debt to Total Capital	3.16%	0.06%	0.04%
Long-Term Debt to Total Capital	81.61%	108.86%	111.94%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	15.23%	-8.92%	-11.98%
Debt to EBITDA	-3.67	-2.61	-106.66
Net Debt to EBITDA	-1.01	0.00	-6.44
Long-Term Debt to EBITDA	-3.54	-2.61	-106.62
Debt to NOPAT	-3.56	-3.27	-8.94
Net Debt to NOPAT	-0.98	0.01	-0.54
Long-Term Debt to NOPAT	-3.43	-3.27	-8.93
Altman Z-Score	-0.76	-1.13	-0.54
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	1.18	1.04	0.88
Quick Ratio	0.54	0.69	0.51
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	-85	104	-63
Operating Cash Flow to CapEx	-169.72%	336.06%	-247.61%
Free Cash Flow to Firm to Interest Expense	-9.73	0.00	-4.15
Operating Cash Flow to Interest Expense	-2.03	0.00	-2.10
Operating Cash Flow Less CapEx to Interest Expense	-3.23	0.00	-2.95
Efficiency Ratios	-	-	-
Asset Turnover	0.26	0.44	0.51
Accounts Receivable Turnover	10.00	16.97	20.18
Inventory Turnover	0.00	0.00	0.00
Fixed Asset Turnover	29.19	29.57	22.22
Accounts Payable Turnover	16.38	34.26	33.97
Days Sales Outstanding (DSO)	36.51	21.51	18.09
Days Inventory Outstanding (DIO)	0.00	0.00	0.00
Days Payable Outstanding (DPO)	22.28	10.65	10.75
Cash Conversion Cycle (CCC)	14.23	10.86	7.34
Capital & Investment Metrics	-	-	-
Invested Capital	201	-36	-19
Invested Capital Turnover	1.25	5.23	-15.87
Increase / (Decrease) in Invested Capital	-39	-237	18
Enterprise Value (EV)	311	304	613
Market Capitalization	189	305	588
Book Value per Share	$0.79	($0.36)	($0.36)
Tangible Book Value per Share	($2.72)	($3.18)	($2.54)
Total Capital	521	400	361
Total Debt	442	436	404
Total Long-Term Debt	425	435	404
Net Debt	122	-0.67	24
Capital Expenditures (CapEx)	10	10	13
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-154	-314	-270
Debt-free Net Working Capital (DFNWC)	111	19	-49
Net Working Capital (NWC)	95	19	-49
Net Nonoperating Expense (NNE)	33	0.69	-12
Net Nonoperating Obligations (NNO)	122	-0.67	24
Total Depreciation and Amortization (D&A)	28	24	26
Debt-free, Cash-free Net Working Capital to Revenue	-55.69%	-72.89%	-61.61%
Debt-free Net Working Capital to Revenue	40.39%	4.46%	-11.16%
Net Working Capital to Revenue	34.43%	4.40%	-11.20%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$0.00	($1.39)	($0.33)
Adjusted Weighted Average Basic Shares Outstanding	0.00	96.06M	99.59M
Adjusted Diluted Earnings per Share	$0.00	($1.39)	($0.33)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	96.06M	99.59M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	97.60M	120.06M
Normalized Net Operating Profit after Tax (NOPAT)	-81	-93	-45
Normalized NOPAT Margin	-29.34%	-21.66%	-10.32%
Pre Tax Income Margin	-56.43%	-30.98%	-7.01%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	-16.99	0.00	-1.94
NOPAT to Interest Expense	-14.21	0.00	-2.99
EBIT Less CapEx to Interest Expense	-18.18	0.00	-2.79
NOPAT Less CapEx to Interest Expense	-15.41	0.00	-3.84
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	-1.16%	-4.19%	0.00%

This table displays calculated financial ratios and metrics derived from Porch Group's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	23.23%	24.29%	37.44%	39.27%	67.49%	78.77%	32.13%	12.23%	-14.17%	-12.43%
EBITDA Growth	-2,550.53%	-98.40%	-7,971.18%	-723.86%	111.39%	140.49%	85.31%	67.24%	-45.87%	333.42%
EBIT Growth	-3,670.22%	-73.48%	-417.44%	-538.58%	102.61%	114.83%	70.79%	64.65%	-169.08%	714.06%
NOPAT Growth	-557.35%	-85.92%	-34.45%	-403.20%	100.24%	121.84%	10.02%	67.08%	-1,920.73%	363.66%
Net Income Growth	-1,556.72%	-76.39%	-317.23%	-218.25%	93.20%	92.99%	65.51%	26.03%	350.38%	1,325.82%
EPS Growth	-975.00%	-184.62%	-310.00%	-225.00%	93.02%	97.30%	65.85%	28.57%	300.00%	3,500.00%
Operating Cash Flow Growth	43.39%	-206.40%	-43.05%	17.87%	1,450.47%	-454.83%	138.42%	-295.94%	-85.15%	35.07%
Free Cash Flow Firm Growth	-579.59%	105.05%	113.17%	166.63%	308.38%	1,475.55%	481.28%	-69.93%	-97.06%	-97.35%
Invested Capital Growth	63.60%	-16.27%	-25.62%	-100.72%	-139.27%	-118.10%	-131.81%	-4,386.44%	-13.56%	48.23%
Revenue Q/Q Growth	9.08%	-17.12%	36.27%	13.04%	31.18%	-11.53%	0.73%	-3.98%	0.32%	-9.75%
EBITDA Q/Q Growth	-294.51%	63.89%	-17.52%	-392.10%	105.45%	28.42%	-142.65%	-997.14%	109.01%	928.28%
EBIT Q/Q Growth	-228.43%	59.99%	-13.12%	-329.60%	101.34%	127.81%	-322.78%	-419.90%	97.38%	2,784.54%
NOPAT Q/Q Growth	-161.75%	59.24%	-14.01%	-313.74%	100.12%	3,608.54%	-569.76%	-51.38%	93.10%	1,044.41%
Net Income Q/Q Growth	-209.15%	58.01%	-9.21%	-124.48%	93.39%	56.72%	-437.49%	-381.39%	122.36%	111.89%
EPS Q/Q Growth	-207.14%	56.98%	-10.81%	-121.95%	93.41%	83.33%	-1,300.00%	-364.29%	118.46%	183.33%
Operating Cash Flow Q/Q Growth	-155.10%	-19.17%	-198.36%	160.16%	531.32%	-148.96%	120.66%	-406.79%	147.84%	-314.10%
Free Cash Flow Firm Q/Q Growth	41.39%	111.10%	158.48%	296.41%	83.29%	-16.10%	-4.64%	-79.49%	-82.06%	-24.48%
Invested Capital Q/Q Growth	-22.43%	-3.12%	-3.53%	-100.99%	-4,145.52%	55.36%	-69.55%	-39.61%	-7.46%	79.65%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	57.19%	67.72%	41.31%	-31.67%	64.40%	73.84%	34.30%	17.88%	57.70%	88.08%
EBITDA Margin	-95.67%	-41.68%	-35.95%	-156.48%	6.50%	9.44%	-4.00%	-45.68%	4.10%	46.73%
Operating Margin	-107.19%	-52.71%	-44.10%	-161.40%	0.15%	6.44%	-30.03%	-47.34%	-2.25%	24.99%
EBIT Margin	-106.89%	-51.60%	-42.83%	-162.77%	1.66%	4.28%	-9.47%	-51.27%	-1.34%	39.80%
Profit (Net Income) Margin	-109.21%	-55.33%	-44.34%	-88.05%	-4.43%	-2.17%	-11.57%	-58.03%	12.93%	30.36%
Tax Burden Percent	99.97%	101.64%	99.71%	100.03%	102.06%	130.98%	101.35%	101.08%	101.29%	95.51%
Interest Burden Percent	102.20%	105.50%	103.82%	54.08%	-261.28%	-38.68%	120.60%	111.96%	-954.23%	79.88%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-1.29%	4.49%
Return on Invested Capital (ROIC)	-118.33%	-46.20%	-40.74%	-278.93%	0.65%	23.58%	-145.84%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	-316.42%	-62.57%	-52.86%	-231.19%	-23.88%	10.91%	-129.15%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	-27.47%	-30.48%	-39.45%	-146.98%	-14.70%	30.20%	-11,906.48%	0.00%	0.00%	0.00%
Return on Equity (ROE)	-145.80%	-76.68%	-80.18%	-425.92%	-14.05%	53.78%	-12,052.32%	123.93%	115.19%	83.21%
Cash Return on Invested Capital (CROIC)	-115.90%	-38.52%	-28.22%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	-26.53%	-13.64%	-12.50%	-49.21%	0.62%	1.89%	-4.57%	-25.09%	-0.66%	20.34%
Return on Assets (ROA)	-27.10%	-14.63%	-12.95%	-26.62%	-1.65%	-0.96%	-5.59%	-28.39%	6.37%	15.52%
Return on Common Equity (ROCE)	-145.80%	-76.68%	-80.18%	-425.92%	-14.05%	53.78%	-12,052.32%	123.93%	115.19%	83.21%
Return on Equity Simple (ROE_SIMPLE)	-122.65%	0.00%	-410.84%	668.59%	448.95%	0.00%	247.51%	84.31%	85.39%	0.00%
Net Operating Profit after Tax (NOPAT)	-58	-24	-27	-112	0.14	5.17	-24	-37	-2.54	24
NOPAT Margin	-75.04%	-36.90%	-30.87%	-112.98%	0.11%	4.51%	-21.02%	-33.14%	-2.28%	23.87%
Net Nonoperating Expense Percent (NNEP)	198.09%	16.37%	12.13%	-47.74%	24.53%	12.66%	-16.68%	108.86%	56.70%	-54.95%
Return On Investment Capital (ROIC_SIMPLE)	-	-4.54%	-	-	-	1.29%	-	-	-	6.64%
Cost of Revenue to Revenue	42.81%	32.28%	58.69%	131.67%	35.60%	26.16%	65.70%	82.12%	42.30%	11.92%
SG&A Expenses to Revenue	32.43%	46.38%	29.83%	23.06%	22.12%	22.41%	22.87%	21.99%	22.37%	22.68%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	164.39%	120.44%	85.41%	129.72%	64.25%	67.40%	64.33%	65.23%	59.95%	63.09%
Earnings before Interest and Taxes (EBIT)	-83	-33	-37	-161	2.15	4.91	-11	-57	-1.49	40
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-74	-27	-31	-155	8.43	11	-4.62	-51	4.56	47
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.95	2.38	3.06	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.85	0.69	0.46	0.41	0.21	0.71	0.92	0.32	0.40	1.34
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.53	1.55	1.48	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	1.20	1.13	0.96	0.52	0.09	0.71	0.88	0.35	0.37	1.40
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.51	8.96	6.25	6.57	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	3.47	0.27	2.92	3.23	5.83	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	3.75	5.57	9.62	-11.77	-11.64	-12.21	-9.86	-4.29	-5.18	-9.35
Long-Term Debt to Equity	3.69	5.36	9.40	-11.62	-11.60	-12.20	-9.85	-4.28	-5.18	-9.34
Financial Leverage	0.09	0.49	0.75	0.64	0.62	2.77	92.19	-0.37	0.52	-0.30
Leverage Ratio	6.91	7.04	7.89	13.36	26.17	44.62	1,338.38	-13.87	-16.06	-21.71
Compound Leverage Factor	7.06	7.43	8.19	7.22	-68.38	-17.26	1,614.09	-15.53	153.27	-17.34
Debt to Total Capital	78.93%	84.77%	90.59%	109.29%	109.40%	108.92%	111.29%	130.43%	123.93%	111.98%
Short-Term Debt to Total Capital	1.15%	3.16%	2.16%	1.37%	0.42%	0.06%	0.04%	0.04%	0.05%	0.04%
Long-Term Debt to Total Capital	77.78%	81.61%	88.43%	107.91%	108.98%	108.86%	111.25%	130.39%	123.88%	111.94%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	21.07%	15.23%	9.41%	-9.29%	-9.40%	-8.92%	-11.29%	-30.43%	-23.93%	-11.98%
Debt to EBITDA	-4.03	-3.67	-2.89	-1.51	-2.12	-2.61	-3.09	-12.13	-10.01	-106.66
Net Debt to EBITDA	-0.86	-1.01	-0.98	-0.12	0.22	0.00	0.13	-0.44	0.39	-6.44
Long-Term Debt to EBITDA	-3.97	-3.54	-2.82	-1.49	-2.11	-2.61	-3.09	-12.13	-10.01	-106.62
Debt to NOPAT	-3.82	-3.56	-3.33	-1.96	-2.67	-3.27	-3.31	-7.84	-6.93	-8.94
Net Debt to NOPAT	-0.82	-0.98	-1.14	-0.16	0.27	0.01	0.14	-0.28	0.27	-0.54
Long-Term Debt to NOPAT	-3.76	-3.43	-3.25	-1.94	-2.66	-3.27	-3.31	-7.84	-6.93	-8.93
Altman Z-Score	-0.42	-0.40	-0.53	-1.01	-0.54	-0.41	-0.37	-0.87	-0.75	-0.26
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.28	1.18	1.11	1.09	1.08	1.04	1.08	0.99	0.83	0.88
Quick Ratio	0.60	0.54	0.46	0.52	0.76	0.69	0.75	0.68	0.53	0.51
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-139	15	40	158	289	242	231	47	8.50	6.42
Operating Cash Flow to CapEx	-224.98%	-277.49%	-791.63%	505.11%	3,650.74%	-1,709.18%	359.30%	-814.62%	367.93%	-686.68%
Free Cash Flow to Firm to Interest Expense	-64.43	6.93	18.17	0.00	28.14	22.87	39.20	4.59	0.00	0.60
Operating Cash Flow to Interest Expense	-2.88	-3.33	-10.07	0.00	8.15	-3.87	1.44	-2.52	0.00	-2.47
Operating Cash Flow Less CapEx to Interest Expense	-4.16	-4.53	-11.34	0.00	7.93	-4.09	1.04	-2.82	0.00	-2.83
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.25	0.26	0.29	0.30	0.37	0.44	0.48	0.49	0.49	0.51
Accounts Receivable Turnover	7.45	10.00	11.19	10.37	11.88	16.97	20.65	20.39	18.76	20.18
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	27.89	29.19	27.17	26.47	28.24	29.57	29.28	27.64	24.57	22.22
Accounts Payable Turnover	16.81	16.38	18.91	27.55	31.47	34.26	49.26	38.99	34.35	33.97
Days Sales Outstanding (DSO)	48.96	36.51	32.63	35.20	30.72	21.51	17.68	17.90	19.46	18.09
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	21.72	22.28	19.30	13.25	11.60	10.65	7.41	9.36	10.63	10.75
Cash Conversion Cycle (CCC)	27.25	14.23	13.33	21.95	19.12	10.86	10.27	8.54	8.84	7.34
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	207	201	194	-1.92	-81	-36	-62	-86	-92	-19
Invested Capital Turnover	1.58	1.25	1.32	2.47	6.03	5.23	6.94	-10.70	-5.20	-15.87
Increase / (Decrease) in Invested Capital	81	-39	-67	-269	-289	-237	-255	-84	-11	18
Enterprise Value (EV)	317	311	287	170	35	304	403	166	167	613
Market Capitalization	224	189	139	135	79	305	421	150	182	588
Book Value per Share	$1.15	$0.79	$0.47	($0.38)	($0.38)	($0.36)	($0.45)	($1.03)	($0.65)	($0.36)
Tangible Book Value per Share	($2.25)	($2.72)	($3.13)	($3.33)	($3.26)	($3.18)	($3.26)	($3.75)	($2.88)	($2.54)
Total Capital	546	521	481	396	396	400	388	335	322	361
Total Debt	431	442	436	432	433	436	432	437	399	404
Total Long-Term Debt	425	425	425	427	431	435	432	437	399	404
Net Debt	92	122	149	35	-44	-0.67	-18	16	-15	24
Capital Expenditures (CapEx)	2.75	2.66	2.78	2.62	2.29	2.40	2.36	3.19	3.38	3.87
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-135	-154	-159	-271	-349	-314	-311	-326	-333	-270
Debt-free Net Working Capital (DFNWC)	149	111	69	60	42	19	37	-6.64	-84	-49
Net Working Capital (NWC)	142	95	59	54	40	19	36	-6.79	-85	-49
Net Nonoperating Expense (NNE)	26	12	12	-25	5.88	7.65	-11	28	-17	-6.52
Net Nonoperating Obligations (NNO)	92	122	149	35	-44	-0.67	-18	16	-15	24
Total Depreciation and Amortization (D&A)	8.68	6.36	6.02	6.21	6.27	5.91	6.32	6.20	6.05	6.95
Debt-free, Cash-free Net Working Capital to Revenue	-51.29%	-55.69%	-53.14%	-82.86%	-91.84%	-72.89%	-67.74%	-69.33%	-73.66%	-61.61%
Debt-free Net Working Capital to Revenue	56.41%	40.39%	23.12%	18.17%	10.95%	4.46%	7.97%	-1.41%	-18.69%	-11.16%
Net Working Capital to Revenue	54.03%	34.43%	19.66%	16.51%	10.51%	4.40%	7.94%	-1.44%	-18.72%	-11.20%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.88)	($0.37)	($0.41)	($0.91)	($0.06)	($0.01)	($0.14)	($0.65)	$0.14	$0.32
Adjusted Weighted Average Basic Shares Outstanding	97.79M	97.35M	95.21M	95.73M	96.37M	96.06M	97.51M	99.19M	119.54M	99.59M
Adjusted Diluted Earnings per Share	($0.88)	($0.37)	($0.41)	($0.91)	($0.06)	($0.01)	($0.14)	($0.65)	$0.12	$0.34
Adjusted Weighted Average Diluted Shares Outstanding	97.79M	97.35M	95.21M	95.73M	96.37M	96.06M	97.51M	99.19M	119.54M	99.59M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	100.55M	96.98M	97.82M	98.43M	98.87M	97.60M	99.19M	118.77M	119.54M	120.06M
Normalized Net Operating Profit after Tax (NOPAT)	-18	-21	-26	-73	0.14	5.17	-24	-37	-1.75	24
Normalized NOPAT Margin	-23.40%	-32.17%	-29.25%	-73.85%	0.11%	4.51%	-21.02%	-33.14%	-1.58%	23.87%
Pre Tax Income Margin	-109.24%	-54.44%	-44.47%	-88.02%	-4.34%	-1.66%	-11.42%	-57.41%	12.77%	31.79%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-38.42	-14.91	-17.10	0.00	0.21	0.46	-1.85	-5.50	0.00	3.71
NOPAT to Interest Expense	-26.97	-10.66	-12.33	0.00	0.01	0.49	-4.12	-3.56	0.00	2.22
EBIT Less CapEx to Interest Expense	-39.70	-16.11	-18.37	0.00	-0.01	0.24	-2.25	-5.81	0.00	3.35
NOPAT Less CapEx to Interest Expense	-28.25	-11.86	-13.60	0.00	-0.21	0.26	-4.52	-3.87	0.00	1.86
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	-1.16%	-3.99%	-3.02%	-4.45%	-4.19%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions About Porch Group's Financials

When does Porch Group's financial year end?

According to the most recent income statement we have on file, Porch Group's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Porch Group's net income changed over the last 2 years?

Porch Group's net income appears to be on a downward trend, with a most recent value of -$32.83 million in 2024, falling from -$156.56 million in 2022. The previous period was -$133.93 million in 2023. See where experts think Porch Group is headed by visiting Porch Group's forecast page.

What is Porch Group's operating income?

Porch Group's total operating income in 2024 was -$64.57 million, based on the following breakdown:

Total Gross Profit: $211.98 million
Total Operating Expenses: $276.55 million

How has Porch Group revenue changed over the last 2 years?

Over the last 2 years, Porch Group's total revenue changed from $275.95 million in 2022 to $437.85 million in 2024, a change of 58.7%.

How much debt does Porch Group have?

Porch Group's total liabilities were at $857.19 million at the end of 2024, a 8.3% decrease from 2023, and a 11.6% decrease since 2022.

How much cash does Porch Group have?

In the past 2 years, Porch Group's cash and equivalents has ranged from $167.64 million in 2024 to $258.42 million in 2023, and is currently $167.64 million as of their latest financial filing in 2024.

How has Porch Group's book value per share changed over the last 2 years?

Over the last 2 years, Porch Group's book value per share changed from 0.79 in 2022 to -0.36 in 2024, a change of -145.8%.

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This page (NASDAQ:PRCH) was last updated on 5/6/2025 by MarketBeat.com Staff

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Porch Group (PRCH) Financials

Frequently Asked Questions About Porch Group's Financials

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Porch Group (PRCH) Financials

Annual Income Statements for Porch Group

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Quarterly Cash Flow Statements for Porch Group

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Quarterly Balance Sheets for Porch Group

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Quarterly Metrics and Ratios for Porch Group

Frequently Asked Questions About Porch Group's Financials

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