Porch Group, Inc. balance sheet
At the end of fiscal 2025, Porch Group, Inc. had total assets of $797m, total liabilities of $775m and shareholders' equity of −$24.6m. It held $44.7m in cash against $475m of debt: net debt of $430m.
Balance sheet
| Fiscal year | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 4 | 196 | 316 | 215 | 258 | 168 | 45 | 231 |
| Receivables | 5 | 4 | 29 | 26 | 24 | 19 | 11 | — |
| Total current assets | 10 | 216 | 605 | 611 | 481 | 365 | 88 | 118 |
| Goodwill | 18 | 28 | 226 | 245 | 192 | 192 | 192 | 192 |
| Total assets | 48 | 268 | 1,039 | 1,049 | 899 | 814 | 797 | 866 |
| Accounts payable | 5 | 9 | 7 | 6 | 9 | 5 | 4 | 3 |
| Deferred revenue (current) | 3 | 5 | 201 | 271 | 249 | 249 | 5 | 4 |
| Total current liabilities | 57 | 32 | 363 | 516 | 462 | 414 | 68 | 81 |
| Short-term debt | 20 | 5 | 0 | 16 | 0 | 0 | 8 | 12 |
| Long-term debt | 41 | 43 | 415 | 425 | 435 | 404 | 385 | 392 |
| Total debt | 61 | 51 | 426 | 451 | 559 | 507 | 475 | 467 |
| Total liabilities | 108 | 161 | 822 | 970 | 935 | 857 | 775 | 837 |
| Shareholders' equity | −60 | 107 | 217 | 79 | −36 | −43 | −25 | 8 |
| Non-controlling interests and other (assets − liabilities − equity) | — | — | — | — | — | — | 47 | 22 |
| Net debt (negative = net cash) | 57 | −145 | 110 | 236 | 300 | 340 | 430 | 237 |
| Shares outstanding | 34m | — | 98m | 98m | 97m | 120m | 124m | — |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Receivables | 19 | 12 | 12 | 13 | 11 | 12 | — | — |
| Total current assets | 365 | 111 | 114 | 116 | 88 | 101 | 93 | 118 |
| Goodwill | 192 | 192 | 192 | 192 | 192 | 192 | 192 | 192 |
| Total assets | 814 | 802 | 771 | 788 | 797 | 807 | 819 | 866 |
| Accounts payable | 5 | 6 | 4 | 5 | 4 | 3 | 3 | 3 |
| Deferred revenue (current) | 249 | 8 | 4 | 5 | 5 | 4 | 4 | 4 |
| Total current liabilities | 414 | 73 | 66 | 87 | 68 | 79 | 65 | 81 |
| Short-term debt | 0 | 0 | 0 | 8 | 8 | 8 | 8 | 12 |
| Long-term debt | 404 | 409 | 394 | 379 | 385 | 391 | 397 | 392 |
| Total debt | 404 | 409 | 394 | 387 | 393 | 399 | 405 | 404 |
| Total liabilities | 857 | 834 | 773 | 777 | 775 | 780 | 800 | 837 |
| Shareholders' equity | −43 | −52 | −29 | −28 | −25 | −25 | −12 | 8 |
| Non-controlling interests and other (assets − liabilities − equity) | — | 20 | 27 | 38 | 47 | 52 | 31 | 22 |
| Shares outstanding | 120m | — | — | — | 124m | — | — | — |
Compare with peers
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