See more : Sezzle Inc. (SEZNL) 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.
- biote Corp. (BTMDW) Income Statement Analysis – Financial Results
- Sahyadri Industries Limited (SAHYADRI.BO) Income Statement Analysis – Financial Results
- La-Z-Boy Incorporated (LZB) Income Statement Analysis – Financial Results
- RateGain Travel Technologies Limited (RATEGAIN.NS) Income Statement Analysis – Financial Results
- Visiativ SA (ALVIV.PA) Income Statement Analysis – Financial Results
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 | 400.41M | 284.03M | 222.99M | 98.45M | 139.22M | 85.57M |
| Cost & Expenses | 620.66M | 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 Launches New Product in the Rynoh Title Platform
HireAHelper U.S. Migration Study Shows 2023 Had Fewest Number of Moves Nationwide Since the 1940s
Porch Group Announces New Partnerships and Growth in its Utilities Channel
Porch Group, Inc. (PRCH) is a Great Momentum Stock: Should You Buy?
Why Fast-paced Mover Porch Group, Inc. (PRCH) Is a Great Choice for Value Investors
Porch Group Announces New Warranty Partnerships and Products
Porch Group Releases Its Initial Environmental, Social and Governance Report
Porch Group Focuses On Profitability As Housing Market Activity Slows
What Makes Porch Group, Inc. (PRCH) a New Buy Stock
Porch Group Insurance Carrier, HOA, Receives ‘A, Exceptional' Financial Stability Rating
Source: https://incomestatements.info
Category: Stock Reports