See more : Cubic Sensor and Instrument Co., Ltd (688665.SS) Income Statement Analysis – Financial Results
Complete financial analysis of Porch Group, Inc. (PRCH) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Porch Group, Inc., a leading company in the Software – Application industry within the Technology sector.
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Porch Group, Inc. (PRCH)
About Porch Group, Inc.
Porch Group, Inc. operates a software platform in the United States and Canada. The company operates through two segments, Vertical Software and Insurance. The Vertical Software segment provides software and services to home services companies and gives early access to homebuyers and homeowners. It offers services to home services companies, such as home inspectors, consumers, such as homebuyers and homeowners, service providers, such as moving, insurance, warranty, and security companies, and TV/Internet providers. This segment operates through Floify, HireAHelper, ISN, iRoofing, Palm-Tech, Porch.com, Rynoh, and V12 brands. The Insurance segment offers property related insurance policies through our own risk-bearing carrier and independent agency as well as risk-bearing home warranty company. This segment operates though American Home Protect, Elite Insurance Group, and Homeowners of America brands. In addition, the company provides property and casualty, home, auto, flood, and umbrella insurance products; and contractor services. The company was incorporated in 2011 and is headquartered in Seattle, Washington.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|
| Revenue | 430.30M | 275.95M | 192.43M | 73.22M | 77.60M | 54.14M |
| Cost of Revenue | 220.24M | 107.58M | 55.28M | 17.56M | 21.50M | 15.34M |
| Gross Profit | 210.06M | 168.37M | 137.15M | 55.65M | 56.10M | 38.80M |
| Gross Profit Ratio | 48.82% | 61.02% | 71.27% | 76.01% | 72.29% | 71.67% |
| Research & Development | 58.50M | 59.57M | 47.01M | 28.30M | 30.99M | 24.17M |
| General & Administrative | 103.19M | 110.62M | 91.71M | 28.39M | 52.01M | 22.52M |
| Selling & Marketing | 144.31M | 113.85M | 84.27M | 41.77M | 56.22M | 41.36M |
| SG&A | 247.50M | 224.47M | 175.98M | 70.16M | 108.23M | 63.88M |
| Other Expenses | 0.00 | 571.00K | 340.00K | 2.79M | -5.39M | 0.00 |
| Operating Expenses | 323.72M | 284.03M | 222.99M | 98.45M | 139.22M | 85.57M |
| Cost & Expenses | 543.97M | 391.61M | 278.27M | 116.02M | 160.72M | 100.91M |
| Interest Income | 3.90M | 717.00K | 768.00K | 14.73M | 238.71K | 3.71M |
| Interest Expense | 31.83M | 8.72M | 5.76M | 14.73M | 7.13M | 0.00 |
| Depreciation & Amortization | 24.42M | 30.05M | 16.70M | 6.64M | 7.38M | 5.46M |
| EBITDA | -77.07M | -116.95M | -94.42M | -34.34M | -74.85M | -43.80M |
| EBITDA Ratio | -17.91% | -30.82% | -34.95% | -45.57% | -104.58% | -80.90% |
| Operating Income | -138.43M | -115.66M | -85.84M | -42.80M | -83.13M | -49.26M |
| Operating Income Ratio | -32.17% | -41.91% | -44.61% | -58.46% | -107.13% | -90.99% |
| Total Other Income/Expenses | 5.12M | -40.06M | -33.51M | -13.49M | -21.00M | -1.22M |
| Income Before Tax | -133.31M | -155.72M | -119.35M | -53.30M | -103.22M | -50.48M |
| Income Before Tax Ratio | -30.98% | -56.43% | -62.02% | -72.80% | -133.03% | -93.24% |
| Income Tax Expense | 622.00K | 842.00K | -10.27M | -1.69M | 96.00K | 558.00K |
| Net Income | -133.93M | -156.56M | -109.08M | -51.61M | -103.32M | -49.92M |
| Net Income Ratio | -31.13% | -56.73% | -56.68% | -70.49% | -133.15% | -92.20% |
| EPS | -1.39 | -1.61 | -1.16 | -1.42 | -4.79 | -2.59 |
| EPS Diluted | -1.39 | -1.61 | -1.16 | -1.42 | -4.79 | -2.59 |
| Weighted Avg Shares Out | 96.06M | 97.35M | 93.88M | 36.34M | 21.56M | 19.27M |
| Weighted Avg Shares Out (Dil) | 96.06M | 97.35M | 93.88M | 36.37M | 21.56M | 19.28M |
Porch Group (PRCH) Stock: Why The Price Increased
Porch Group Inc. (PRCH) CEO Matthew Ehrlichman on Q3 2021 Results - Earnings Call Transcript
Porch Group Sets Third Quarter 2021 Earnings Call for Monday, November 15, 2021 at 5:00 p.m. ET
Porch Group makes unusual promise in latest acquisition — guaranteeing its stock will double
Homeowners of America, a Porch Group Subsidiary, Introduces Services in Tennessee as Part of Nationwide Expansion Plan
Homeowners of America, a Porch Group Subsidiary, Introduces Services in Utah
Chief Operating Officer Of Porch Group Trades $129.41 Thousand In Company Stock
Porch Group Closes $425 Million Convertible Senior Notes Offering
Homeowners of America, a Porch Group Subsidiary, Introduces Services in Nevada as Part of Nationwide Expansion Plan
Porch Group Announces Pricing of Upsized $385 Million Convertible Senior Notes Offering
Source: https://incomestatements.info
Category: Stock Reports