See more : Poolia AB (publ) (POOL-B.ST) 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 | 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 |
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Insurance Segment Drives 195% Year-Over-Year Growth for Porch Group
Porch Group, Inc. (PRCH) Q3 2023 Earnings Call Transcript
Porch Group Reports Third Quarter 2023 Results
Porch Group insurance carrier, HOA released from TDI Supervision
Porch Group to Release Third Quarter 2023 Earnings on November 7, 2023
Porch Group announces cash investment in HOA, its insurance carrier
Porch Group announces an update in HOA, its insurance carrier
Source: https://incomestatements.info
Category: Stock Reports