Porch Group, Inc. income statement
In fiscal 2025, Porch Group, Inc. reported revenue of $482m, up 10.2% on the year before, operating income of $36.6m (a 7.6% margin) and net income of −$3.4m, or −$0.03 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 78 | 72 | 192 | 276 | 430 | 438 | 482 | 530 |
| Cost of revenue | 22 | 18 | 59 | 108 | 229 | 236 | 142 | 148 |
| Gross profit | 56 | 55 | 134 | 168 | 201 | 202 | 340 | 382 |
| Selling and marketing | 56 | 42 | 84 | 114 | 144 | 123 | 140 | 162 |
| General and administrative | 52 | 28 | 85 | 110 | 101 | 95 | 105 | 115 |
| Operating income | −88 | −42 | −83 | −177 | −190 | −65 | 37 | 42 |
| Interest expense | 7 | 15 | 6 | 9 | 32 | 43 | 52 | 59 |
| Income before tax | −103 | −56 | −117 | −156 | −133 | −31 | 27 | 10 |
| Income tax | 0 | −2 | −10 | 1 | 1 | 2 | 11 | 9 |
| Net income | −103 | −54 | −107 | −157 | −134 | −33 | −3 | 10 |
| Diluted EPS | −$3.31 | −$2.03 | −$1.14 | −$1.61 | −$1.39 | −$0.33 | −$0.03 | — |
| Diluted shares (average) | 31m | 36m | 94m | 97m | 96m | 100m | 104m | — |
| EBITDA | −81 | −36 | −67 | −149 | −166 | −39 | 61 | 70 |
| 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 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 100 | 105 | 126 | 127 | 124 | 121 | 141 | 144 |
| Cost of revenue | 14 | 39 | 43 | 31 | 29 | 30 | 53 | 36 |
| Gross profit | 86 | 65 | 83 | 96 | 96 | 91 | 88 | 108 |
| Selling and marketing | 28 | 30 | 34 | 39 | 37 | 40 | 41 | 43 |
| General and administrative | 22 | 24 | 31 | 27 | 23 | 26 | 36 | 30 |
| Operating income | 25 | −1 | 5 | 16 | 16 | 12 | −4 | 18 |
| Interest expense | 11 | 11 | 12 | 14 | 14 | 15 | 15 | 15 |
| Income before tax | 32 | 5 | 7 | 3 | 12 | 4 | −14 | 8 |
| Income tax | 1 | 1 | −1 | 4 | 7 | 2 | 1 | −1 |
| Net income | 30 | 8 | 3 | −11 | −3 | −5 | 6 | 12 |
| Diluted EPS | $0.31 | $0.07 | $0.00 | −$0.10 | −$0.03 | −$0.04 | $0.05 | $0.10 |
| EBITDA | 32 | 5 | 10 | 22 | 24 | 17 | 6 | 23 |
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