Porch Group, Inc. (PRCH)

From the record

Porch Group, Inc.'s filings since 2019 show 7 warning events of 4 kinds: a notice about its exchange listing (8-K item 3.01, the latest 2023-10-03); a warning not to rely on past financial statements (8-K item 4.02, 2 times, the latest 2023-03-14); an auditor change (8-K item 4.01, 2 times, the latest 2023-10-03); a late-report notice (Form NT 10-K or NT 10-Q, 2 times, the latest 2022-03-01) (its current reports).

From the record

Porch Group, Inc.'s 7 filed years say what it did: revenue went from $78 million in fiscal 2019 to $419 million in fiscal 2025, up 32.4% a year; it rose in 5 of 6 years; the deepest fall was 7% from fiscal 2019 to fiscal 2020; net income was positive in 0 of 7 of those years (its annual reports).

From the record

Over the 3 fiscal years to 2025-12-31, Porch Group, Inc.'s diluted share count grew about 2.1% a year, and dividends and buybacks returned about 8% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 87 sales (25 under scheduled 10b5-1 plans) and 0 purchases of their own stock on the open market in the year to 2026-11-10 (their Form 4 filings).

From the record

Return on equity: in the fiscal year ended 2025-12-31, Porch Group, Inc.'s shareholders' equity was below zero, so the profit on it is not read, and gross profitability: its products earned about 43 cents per dollar of everything the company owns. Leverage: it owed about 103 cents per dollar of assets, and net share issuance: its share count grew 4.1% over the year (the filed statements).

From the record

Porch Group, Inc.'s standing among 218 graded names in its industry family: revenue of $419 million in fiscal 2025 ranks in the bottom 48% by size; a net margin of -0.8% ranks in the top 48%; revenue growth of 14.9% a year over the last 3 filed years ranks in the top 40% (its annual reports).

From the record

Porch Group, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Ehrlichman, Matt (CEO, CHAIRMAN AND FOUNDER, as filed), filing under that title since 2020-12-30, 5.9 years (top 33% of its family); the 10 officers and directors filing in the last fifteen months have been on the record a median of 5.3 years (bottom 45%); 3 officer or director changes were reported on Form 8-K since 2023-11-13, against the 10 people in charge now (top 19%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

Porch Group, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $45 million against debt of $385 million leaves -42.7% of its assets as net cash, bottom 3% of its family; cash from operations less capital spending is 15.7% of revenue (top 46%); a gross margin of 81.2% (top 17%) (its annual report).

From the record

Porch Group, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 14.9% a year over the last three filed years against 32.4% over all 7, slowing (bottom 21% of its family); the newest year grew 33.7% (top 12%); capital spending grew -42.2% a year (bottom 11%) (its annual reports). Porch Group, Inc. reported 4 lines of business in fiscal 2025: Insurance Services at $267 million, Reciprocal at $200 million, Software Data at $93 million, and 1 more. 3 of 4 grew in the latest filed year, and the largest line is 42% of revenue (its annual report).

From the record

Porch Group, Inc.'s newest year against its own record: revenue of $419 million in fiscal 2025 came in 25.5% above the $334 million its prior three years' pace pointed to (top 11% of its family); net income of $3 million against a prior three-year average of $108 million (top 26%); a net margin of -0.8% against -37.9% before (top 17%) (its annual reports).