Financial Snapshot

Revenue
$437.8M
TTM
Gross Margin
49.57%
TTM
Net Earnings
-$32.83M
TTM
Current Assets
Q4 2024
Current Liabilities
Q4 2024
Current Ratio
88.16%
Q4 2024
Total Assets
Q4 2024
Total Liabilities
Q4 2024
Book Value
-$43.23M
Q4 2024
Cash
Q4 2024
P/E
-15.25
Nov 29, 2024 EST
Free Cash Flow
-$42.16M
TTM

Revenues

Revenues

Revenue YoY Change

Revenues

Concept 2024 2023 2022 2021 2020 2019
Revenue $437.8M $430.3M $275.9M $192.4M $72.30M $77.60M
YoY Change 1.75% 55.94% 43.4% 166.16% -6.83%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept 2024 2023 2022 2021 2020 2019
Revenue $437.8M $430.3M $275.9M $192.4M $72.30M $77.60M
Cost Of Revenue $225.6M $220.2M $107.6M $58.73M $17.56M $21.50M
Gross Profit $212.2M $210.1M $168.4M $133.7M $54.74M $56.10M
Gross Profit Margin 48.47% 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

Operating Profits/Loss YoY Change

Operating Earnings to Gross Profit Ratio

Operating Profit Margin

Operational Expenses

Concept 2024 2023 2022 2021 2020 2019
Selling, General & Admin $221.3M $247.5M $224.5M $170.1M $69.86M $108.2M
YoY Change -10.59% 10.26% 31.99% 143.43% -35.45%
% of Gross Profit 104.27% 117.82% 133.32% 127.19% 127.64% 192.94%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $25.52M $24.42M $27.93M $16.39M $6.644M $7.377M
YoY Change 4.53% -12.59% 70.45% 146.63% -9.94%
% of Gross Profit 12.03% 11.62% 16.59% 12.26% 12.14% 13.15%
Operating Expenses $221.3M $247.5M $224.5M $170.1M $69.86M $108.2M
YoY Change -10.59% 10.26% 31.99% 143.43% -35.45%
Operating Profit -$64.57M -$190.4M -$177.0M -$83.37M -$42.23M -$88.12M
YoY Change -66.08% 7.52% 112.38% 97.4% -52.08%
Operating Profit To Gross Profit -30.43% -90.62% -105.15% -62.35% -77.15% -157.09%
Operating Profit To Revenue -14.75% -44.24% -64.16% -43.32% -58.41% -113.57%

Interest Expenses

Interest Expenses To Operating Income %

No data

Other Expense/Income

Interest & Other Expense/Income

Concept 2024 2023 2022 2021 2020 2019
Interest Expense -$21.22M $31.83M $8.723M $5.757M $14.73M $7.134M
YoY Change -166.68% 264.87% 51.52% -60.93% 106.53%
% of Operating Profit
Other Income/Expense, Net $33.86M $57.04M $21.33M -$33.51M -$13.49M -$15.10M
YoY Change -40.64% 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 2024 2023 2022 2021 2020 2019
Pretax Income -$30.71M -$133.3M -$155.7M -$116.9M -$55.72M -$103.2M
YoY Change -76.96% -14.39% 33.23% 109.76% -46.02%
Income Tax $2.117M $622.0K $842.0K -$10.27M -$1.689M $96.00K
% Of Pretax Income
Net Earnings -$32.83M -$133.9M -$156.6M -$106.6M -$54.03M -$103.3M
YoY Change -75.49% -14.45% 46.86% 97.3% -47.7%
Net Earnings / Revenue -7.5% -31.13% -56.73% -55.4% -74.73% -133.15%
Basic Earnings Per Share -$0.33 -$1.39 -$1.61 -$1.14 -$1.96 -$3.31
Diluted Earnings Per Share -$0.33 -$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 2024 2023 2022 2021 2020 2019
Cash & Short-Term Investments $191.7M $294.0M $251.6M $325.0M $196.0M $1.400M
YoY Change -34.78% 16.86% -22.59% 65.81% 13900.0%
Cash & Equivalents
Short-Term Investments $24.10M $35.59M $36.52M $9.251M
Other Short-Term Assets $154.3M $162.8M $332.6M $251.3M $15.50M $200.0K
YoY Change -5.22% -51.06% 32.35% 1521.32% 7650.0%
Inventory
Prepaid Expenses
Receivables $19.11M $24.29M $26.44M $28.77M $4.300M
Other Receivables $0.00 $0.00 $0.00 $0.00 $0.00
Total Short-Term Assets $365.1M $481.1M $610.6M $605.1M $215.8M $1.600M
YoY Change -24.1% -21.22% 0.92% 180.38% 13387.5%
Property, Plant & Equipment $24.75M $16.86M $16.44M $11.17M $4.600M
YoY Change 46.81% 2.55% 47.19% 142.83%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $158.7M $103.6M $55.12M $58.32M $172.7M
YoY Change 53.16% 87.94% -5.5%
Other Assets $4.783M $5.314M $1.646M $1.184M $400.0K
YoY Change -9.99% 222.84% 39.02% 196.0%
Total Long-Term Assets $448.8M $418.3M $438.4M $433.7M $52.60M $172.8M
YoY Change 7.3% -4.59% 1.09% 724.49% -69.56%
Total Assets $814.0M $899.4M $1.049B $1.039B $268.4M $174.4M
YoY Change
Accounts Payable $4.538M $8.761M $6.268M $6.965M $9.200M $0.00
YoY Change -48.2% 39.77% -10.01% -24.29%
Accrued Expenses $41.25M $59.40M $39.74M $37.68M $9.900M $0.00
YoY Change -30.56% 49.45% 5.49% 280.56%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $150.0K $244.0K $16.45M $150.0K $4.700M
YoY Change -38.52% -98.52% 10870.0% -96.81%
Total Short-Term Liabilities $414.2M $462.2M $515.6M $363.1M $31.70M $200.0K
YoY Change -10.39% -10.37% 42.0% 1045.5% 15750.0%
Long-Term Debt $403.8M $435.5M $425.3M $414.6M $43.20M $0.00
YoY Change -7.28% 2.39% 2.59% 859.69%
Other Long-Term Liabilities $39.25M $37.43M $28.76M $44.00M $86.10M $6.000M
YoY Change 4.86% 30.17% -34.64% -48.9% 1335.0%
Total Long-Term Liabilities $443.0M $472.9M $454.1M $458.6M $129.3M $6.000M
YoY Change -6.32% 4.15% -0.98% 254.66% 2055.0%
Total Liabilities $857.2M $935.1M $969.7M $821.7M $161.1M $6.200M
YoY Change -8.33% -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 2024 2023 2022 2021 2020 2019
Basic Shares Outstanding 99.59M shares 96.06M shares 97.35M 93.88M 36.34M 31.17M
Diluted Shares Outstanding 99.59M shares 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: $500.62 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 729 full-time employees. The company went IPO on 2019-11-26. The Company’s strategy is to engage homeowners’ insurance to deploy vertical software solutions in select home-related industries, provide services for homebuyers including important moving services, leveraging data for advantaged underwriting, and provide protection for policyholders. The company operates through two segments: Vertical Software and Insurance. The Vertical Software segment provides software and services to inspection, mortgage, and title companies on a subscription and transactional basis, while also providing move and post-move services. The segment operates in several key businesses, including inspection software and services, title insurance software, mortgage software, mover and homeowner marketing, and measurement software for roofers. The Insurance segment provides consumers with insurance and warranty products to protect their homes, earning revenue through premiums collected on policies, policy fees and commissions.

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.