PRCHNasdaqAccident & Health InsuranceUS GAAP · USD

Porch Group, Inc.

Porch Group, Inc. is a U.S.-based home services and insurance platform built around the home-buying and homeownership lifecycle. Its businesses combine homeowners insurance management, home software and data products, and consumer services such as home warranty and moving-related services.

Kysy yhtiöstä
Liikevaihto482milj. USD
+10,2 %v/v
Liikevoitto (EBIT)36,6milj. USD
+156,6 %v/v
EBIT-marginaali7,6%
+22,3 %-yks.v/v
Nettotulos−3,4milj. USD
+89,8 %v/v
Vapaa kassavirta66,0milj. USD
+304,8 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−2000200400600milj. USD2020: 72 milj. USD2020: EBIT −41 milj. USD20202021: 192 milj. USD2021: EBIT −83 milj. USD20212022: 276 milj. USD2022: EBIT −177 milj. USD20222023: 430 milj. USD2023: EBIT −190 milj. USD20232024: 438 milj. USD2024: EBIT −65 milj. USD20242025: 482 milj. USD2025: EBIT 37 milj. USD202548237
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Insurance Services35 %

Management, policy, fee, and reinsurance-related services tied to the Reciprocal homeowners insurance business.

Software30 %

Subscription and transactional software for inspection, mortgage, title, and roofing businesses.

Data15 %

Property insights and data products used for underwriting, pricing, acquisition, and retention.

Consumer Services20 %

Home warranty and moving-related services sold to homeowners and homebuyers.

Asiakkaat

Porch sells to both businesses and consumers across the homeownership ecosystem. On the business side, customers include home inspectors, title companies, mortgage providers, roofers, and insurance carriers that use software or data products. On the consumer side, it serves homebuyers and homeowners who need insurance, warranty protection, and moving-related services.

Home services businesses

Inspection, title, mortgage, and roofing companies buy software tools to run transactions and workflows more efficiently.

Insurance and underwriting partners

Insurance-related customers use Porch data and management services to price risk and operate the Reciprocal.

Homebuyers and homeowners

Consumers buy insurance, warranty, and moving concierge services around home purchase and ownership.

Real estate transaction participants

Settlement agents, mortgage professionals, and related partners buy tools that support closings and home setup.

Strategia

Porch’s strategy is to connect insurance, software, and consumer services around the home-buying journey so it can serve the same customer across multiple touchpoints. It is also building around proprietary property data and the Reciprocal model to improve underwriting selection, deepen customer relationships, and expand service revenue per customer.

Improve underwriting with proprietary property dataKeskipitkä aikaväli

Better risk selection supports more precise pricing and stronger insurance economics.

Scale the Reciprocal insurance modelLyhyt aikaväli

Porch earns management, policy, and reinsurance-related fees from operating the platform.

Increase cross-sell across software and consumer servicesKeskipitkä aikaväli

More products per customer can improve retention and broaden revenue streams.

Expand software penetration in home transaction workflowsPitkä aikaväli

Embedded workflow tools can create recurring usage and customer stickiness.

Maantiede

Porch is headquartered in the United States and its business is centered on U.S. homes, U.S. real estate transactions, and U.S. homeowners insurance. The company says its property data covers approximately 90% of U.S. homes, and its software brands are used across the U.S. home services ecosystem. Its insurance operations are also tied to U.S. regulatory and catastrophe exposure, especially in markets with concentrated homeowners policyholders.

Riskit

Porch is exposed to insurance claims volatility, weather and catastrophe losses, and regulatory constraints that can affect pricing and underwriting. It also faces competitive pressure in software and home services, plus execution risk in scaling the Reciprocal model and retaining customers across multiple product lines.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Claims severity and frequency in homeowners insurance1Weather and catastrophe concentration2Regulatory and rate approval delays3Competitive pressure across software and home services4Technology, privacy, and data security breaches5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Claims severity and frequency in homeowners insuranceVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Higher-than-expected claims can reduce underwriting performance and strain the Reciprocal model.

    Kohdistuu: Insurance business

  2. Weather and catastrophe concentrationVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Wildfires, storms, and other events can create correlated losses in policyholder-heavy regions.

    Kohdistuu: Homeowners insurance portfolio

  3. Regulatory and rate approval delaysVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Insurance pricing changes may require approval, slowing response to loss trends.

    Kohdistuu: Insurance Services and Reciprocal

  4. Competitive pressure across software and home servicesVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Competitors can offer alternative workflow tools or consumer services, affecting retention and growth.

    Kohdistuu: Software & Data and Consumer Services

  5. Technology, privacy, and data security breachesVaikutus: KeskitasoTodennäköisyys: Matala

    The business relies on proprietary property data and digital workflows across multiple customer groups.

    Kohdistuu: Platform and data products

Kirjanpito

Harkinnanvaraiset erät
Insurance claims and loss estimates

Reserve assumptions for the insurance business can materially affect reported results and comparability.

Vaikutus: Claims development and underwriting margin

Consolidation of the Reciprocal as a VIE

The Reciprocal is managed but not owned, yet is consolidated for GAAP reporting, affecting revenue and expense presentation.

Vaikutus: Top-line and balance sheet presentation

Revenue recognition across multiple models

Software subscriptions, transactional fees, management fees, and warranty products may be recognized on different bases and timelines.

Vaikutus: Revenue timing and quarterly comparability

Warranty coverage period estimates

Longer coverage periods can defer revenue recognition and shift results across quarters.

Vaikutus: Consumer Services revenue timing

Fair value and mark-to-market measurements

Investments and other financial instruments can create non-operating volatility in reported earnings.

Vaikutus: Net income volatility

Samankaltaisia listattuja yhtiöitä

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

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DoorDash, Inc.

DASH · Services-Business Services, NEC

Hippo Holdings Inc.

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Verisk Analytics, Inc.

VRSK · Services-Computer Processing & Data Preparation

Päivitetty: 24.9.2026

Porch Group, Inc. (Nasdaq) – Accident & Health Insurance | Analyysi – Clarifo