Porch Group, Inc. (PRCH)

Porch Group Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	437.85	430.3	275.95	192.43	72.3
Revenue Growth (YoY)	1.75%	55.94%	43.40%	166.16%	-6.83%
Cost of Revenue	225.63	220.24	107.58	58.73	17.56
Gross Profit	212.22	210.06	168.37	133.71	54.74
Selling, General & Admin	224.72	253.06	214.62	165.86	67.96
Research & Development	55.27	58.25	58.97	46.46	27.94
Operating Expenses	280.23	348.49	274.39	213.37	95.9
Operating Income	-68.01	-138.43	-106.02	-79.66	-41.16
Interest Expense	-42.54	-31.83	-8.72	-5.76	-14.73
Interest & Investment Income	15.44	12.18	1.89	0.73	-
Other Non Operating Income (Expenses)	8.22	-4.71	14.34	-15.08	0.37
EBT Excluding Unusual Items	-86.88	-162.79	-98.51	-99.76	-55.53
Merger & Restructuring Charges	-	-0.1	-2.1	-5.4	-4.17
Gain (Loss) on Sale of Assets	-5.33	-	-	-	1.44
Asset Writedown	-	-57.49	-61.99	-0.55	-0.61
Other Unusual Items	61.5	87.06	6.88	-11.17	3.15
Pretax Income	-30.71	-133.31	-155.72	-116.88	-55.72
Income Tax Expense	2.12	0.62	0.84	-10.27	-1.69
Net Income	-32.83	-133.93	-156.56	-106.61	-54.03
Preferred Dividends & Other Adjustments	-	-	-	-	17.28
Net Income to Common	-32.83	-133.93	-156.56	-106.61	-71.32
Shares Outstanding (Basic)	100	96	97	94	36
Shares Outstanding (Diluted)	100	96	97	94	36
Shares Change (YoY)	3.67%	-1.33%	3.69%	158.11%	16.70%
EPS (Basic)	-0.33	-1.39	-1.61	-1.14	-1.96
EPS (Diluted)	-0.33	-1.39	-1.61	-1.14	-2.03
Free Cash Flow	-32.21	33.08	-20.09	-35.75	-48.95
Free Cash Flow Per Share	-0.32	0.34	-0.21	-0.38	-1.35
Gross Margin	48.47%	48.82%	61.02%	69.48%	75.71%
Operating Margin	-15.53%	-32.17%	-38.42%	-41.40%	-56.93%
Profit Margin	-7.50%	-31.13%	-56.73%	-55.40%	-98.64%
Free Cash Flow Margin	-7.36%	7.69%	-7.28%	-18.58%	-67.70%
EBITDA	-42.49	-114.02	-78.09	-63.27	-34.52
EBITDA Margin	-9.70%	-26.50%	-28.30%	-32.88%	-47.74%
D&A For EBITDA	25.52	24.42	27.93	16.39	6.64
EBIT	-68.01	-138.43	-106.02	-79.66	-41.16
EBIT Margin	-15.53%	-32.17%	-38.42%	-41.40%	-56.93%
Advertising Expenses	11.7	13.9	13.5	3.6	2.2

Updated Feb 25, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q