Porch Group, Inc. reported results for the quarter with revenue of $140.88M and diluted earnings per share of $0.05, compared with $126.08M and $0 in the prior-year quarter, while net income attributable to Porch rose to $5.6M from $2.58M a year earlier.
Financial Highlights
| MetricCurrent quarterPrior year quarterYoY change | Revenue¹$140.88M$126.08M11.7% | Net income²$5.6M$2.58M117.3% | Diluted EPS³$0.05$0— |
¹ Reported as “Revenue”. ² Reported as “Net income attributable to Porch”. ³ Reported as “Earnings Per Share - Diluted”.
Business Highlights
- Revenue growth: Consolidated revenue rose 12% quarter-over-quarter and 14% year-to-date, driven by higher Reciprocal Written Premiums and policy fees.
- Channel expansion: Third‑party agency branch locations increased 148% and quote volume grew 87%, supporting new policy acquisition.
- Product momentum: Launched Porch Insurance — a membership offering with expanded protections — to differentiate from the legacy HOA product.
- Operational efficiency: Insurance Services fees scaled with 38% quarter-over-quarter segment revenue growth and improved Adjusted EBITDA margins.
- Platform and AI: Continued emphasis on SaaS, sunsetting small legacy products, higher ARPU, and expanded AI use across underwriting and operations.
Original SEC Filing:
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