Financial Snapshot

Revenue
$470.5M
TTM
Gross Margin
45.12%
TTM
Net Earnings
-$85.92M
TTM
Current Assets
Q2 2024
Current Liabilities
Q2 2024
Current Ratio
98.61%
Q2 2024
Total Assets
Q2 2024
Total Liabilities
Q2 2024
Book Value
-$101.9M
Q2 2024
Cash
Q2 2024
P/E
-1.852
Sep 13, 2024 EST
Free Cash Flow
$17.29M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019
Revenue $430.3M $275.9M $192.4M $72.30M $77.60M
YoY Change 55.94% 43.4% 166.16% -6.83%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019
Revenue $430.3M $275.9M $192.4M $72.30M $77.60M
Cost Of Revenue $220.2M $107.6M $58.73M $17.56M $21.50M
Gross Profit $210.1M $168.4M $133.7M $54.74M $56.10M
Gross Profit Margin 48.82% 61.02% 69.48% 75.71% 72.29%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019
Selling, General & Admin $247.5M $224.5M $170.1M $69.86M $108.2M
YoY Change 10.26% 31.99% 143.43% -35.45%
% of Gross Profit 117.82% 133.32% 127.19% 127.64% 192.94%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $24.42M $27.93M $16.39M $6.644M $7.377M
YoY Change -12.59% 70.45% 146.63% -9.94%
% of Gross Profit 11.62% 16.59% 12.26% 12.14% 13.15%
Operating Expenses $247.5M $224.5M $170.1M $69.86M $108.2M
YoY Change 10.26% 31.99% 143.43% -35.45%
Operating Profit -$190.4M -$177.0M -$83.37M -$42.23M -$88.12M
YoY Change 7.52% 112.38% 97.4% -52.08%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019
Interest Expense $31.83M $8.723M $5.757M $14.73M $7.134M
YoY Change 264.87% 51.52% -60.93% 106.53%
% of Operating Profit
Other Income/Expense, Net $57.04M $21.33M -$33.51M -$13.49M -$15.10M
YoY Change 167.43% -163.65% 148.44% -10.67%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019
Pretax Income -$133.3M -$155.7M -$116.9M -$55.72M -$103.2M
YoY Change -14.39% 33.23% 109.76% -46.02%
Income Tax $622.0K $842.0K -$10.27M -$1.689M $96.00K
% Of Pretax Income
Net Earnings -$133.9M -$156.6M -$106.6M -$54.03M -$103.3M
YoY Change -14.45% 46.86% 97.3% -47.7%
Net Earnings / Revenue -31.13% -56.73% -55.4% -74.73% -133.15%
Basic Earnings Per Share -$1.39 -$1.61 -$1.14 -$1.96 -$3.31
Diluted Earnings Per Share -$1.39 -$1.61 -$1.14 -$2.03 -$3.31

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019
Cash & Short-Term Investments $294.0M $251.6M $325.0M $196.0M $1.400M
YoY Change 16.86% -22.59% 65.81% 13900.0%
Cash & Equivalents
Short-Term Investments $35.59M $36.52M $9.251M
Other Short-Term Assets $162.8M $332.6M $251.3M $15.50M $200.0K
YoY Change -51.06% 32.35% 1521.32% 7650.0%
Inventory
Prepaid Expenses
Receivables $24.29M $26.44M $28.77M $4.300M
Other Receivables $0.00 $0.00 $0.00 $0.00
Total Short-Term Assets $481.1M $610.6M $605.1M $215.8M $1.600M
YoY Change -21.22% 0.92% 180.38% 13387.5%
Property, Plant & Equipment $16.86M $16.44M $11.17M $4.600M
YoY Change 2.55% 47.19% 142.83%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $103.6M $55.12M $58.32M $172.7M
YoY Change 87.94% -5.5%
Other Assets $5.314M $1.646M $1.184M $400.0K
YoY Change 222.84% 39.02% 196.0%
Total Long-Term Assets $418.3M $438.4M $433.7M $52.60M $172.8M
YoY Change -4.59% 1.09% 724.49% -69.56%
Total Assets $899.4M $1.049B $1.039B $268.4M $174.4M
YoY Change
Accounts Payable $8.761M $6.268M $6.965M $9.200M $0.00
YoY Change 39.77% -10.01% -24.29%
Accrued Expenses $59.40M $39.74M $37.68M $9.900M $0.00
YoY Change 49.45% 5.49% 280.56%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $244.0K $16.45M $150.0K $4.700M
YoY Change -98.52% 10870.0% -96.81%
Total Short-Term Liabilities $462.2M $515.6M $363.1M $31.70M $200.0K
YoY Change -10.37% 42.0% 1045.5% 15750.0%
Long-Term Debt $435.5M $425.3M $414.6M $43.20M $0.00
YoY Change 2.39% 2.59% 859.69%
Other Long-Term Liabilities $37.43M $28.76M $44.00M $86.10M $6.000M
YoY Change 30.17% -34.64% -48.9% 1335.0%
Total Long-Term Liabilities $472.9M $454.1M $458.6M $129.3M $6.000M
YoY Change 4.15% -0.98% 254.66% 2055.0%
Total Liabilities $935.1M $969.7M $821.7M $161.1M $6.200M
YoY Change -3.57% 18.01% 410.06% 2498.39%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019
Basic Shares Outstanding 96.06M shares 97.35M 93.88M 36.34M 31.17M
Diluted Shares Outstanding 96.06M shares 97.35M 93.88M 36.37M 31.17M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Dividends

Dividends

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Stock Price

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Market Cap: $159.16 Million

About Porch Group Inc

Porch Group, Inc. engages in the development and operation of a vertical software platform. The company is headquartered in Seattle, Washington and currently employs 864 full-time employees. The company went IPO on 2019-11-26. The firm offers differentiated products and services, with homeowners’ insurance at the center of this relationship. The firm serves approximately 30,000 companies, such as home inspectors, mortgage companies, and title companies. The firm has two segments: the Vertical Software segment and the Insurance segment. The Vertical Software segment provides software and services to inspection, mortgage and title companies on a subscription and transactional basis. The segment operates several key businesses, including inspection software and services, title insurance software, mortgage software, moving services and others. The Insurance segment provides consumers with insurance and warranty products. The Insurance segment includes Homeowners of America, a wholly owned insurance carrier, Porticus Reinsurance, its Cayman Islands captive reinsurer, and Porch Warranty, among other warranty brands.

Industry: Services-Prepackaged Software Peers: Amazon.com Inc 1stdibs.Com Inc AKA Brands Holding Corp Quotient Technology Inc. Duluth Holdings Inc Groupon Inc Lands End Inc Lulu's Fashion Lounge Holdings Inc RumbleOn Inc ThredUp Inc