Financial Snapshot

Revenue
$452.1M
TTM
Gross Margin
44.76%
TTM
Net Earnings
-$65.79M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
82.78%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
-$77.04M
Q3 2024
Cash
Q3 2024
P/E
-7.940
Nov 29, 2024 EST
Free Cash Flow
-$55.05M
TTM

Revenues

Revenues

Revenue YoY Change

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

Gross Profit

Gross Profit Margin

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

Research & Development

No data

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

No data

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

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

Interest Expenses To Operating Income %

No data

Other Expense/Income

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

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

No data

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

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

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

No data

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

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

Diluted Shares Outstanding

Preferred Stock

No data

Treasury Stock Shares

No data

Stock Issuance & Repurchase

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

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Dividends

No data

Stock Price

Market Cap: $522.35 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.

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