
Porch (PRCH) | Financial Analysis & Statements
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Jun 2025Income Metrics
Revenue
119.3M
Gross Profit
75.9M
63.60%
Operating Income
5.0M
4.23%
Net Income
8.2M
6.91%
EPS (Diluted)
$0.00
Balance Sheet Metrics
Total Assets
802.3M
Total Liabilities
834.3M
Shareholders Equity
-32.0M
Cash Flow Metrics
Operating Cash Flow
-6.7M
Free Cash Flow
-14.5M
Revenue & Profitability Trend
Porch Income Statement From 2020 to 2024
Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Revenue | 437.8M | 430.3M | 275.9M | 192.4M | 72.3M |
Cost of Goods Sold | 225.6M | 220.2M | 107.6M | 58.7M | 17.6M |
Gross Profit | 212.2M | 210.1M | 168.4M | 133.7M | 54.7M |
Gross Margin % | 48.5% | 48.8% | 61.0% | 69.5% | 75.7% |
Operating Expenses | |||||
Research & Development | 55.3M | 58.5M | 59.6M | 47.0M | 28.5M |
Selling, General & Administrative | 221.3M | 247.5M | 223.7M | 169.0M | 69.9M |
Other Operating Expenses | - | - | - | - | - |
Total Operating Expenses | 276.6M | 306.0M | 283.2M | 216.0M | 98.4M |
Operating Income | -64.6M | -133.1M | -115.7M | -83.4M | -43.7M |
Operating Margin % | -14.7% | -30.9% | -41.9% | -43.3% | -60.4% |
Non-Operating Items | |||||
Interest Income | 1.7M | 3.9M | 717.0K | 33.0K | 0 |
Interest Expense | 42.5M | 31.8M | 8.7M | 5.8M | 14.7M |
Other Non-Operating Income | 74.6M | 27.7M | -32.0M | -27.8M | 2.7M |
Pre-tax Income | -30.7M | -133.3M | -155.7M | -116.9M | -55.7M |
Income Tax | 2.1M | 622.0K | 842.0K | -10.3M | -1.7M |
Effective Tax Rate % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Net Income | -32.8M | -133.9M | -156.6M | -106.6M | -54.0M |
Net Margin % | -7.5% | -31.1% | -56.7% | -55.4% | -74.7% |
Key Metrics | |||||
EBITDA | -35.6M | -104.8M | -87.2M | -66.6M | -41.4M |
EPS (Basic) | $-0.32 | $-1.39 | $-1.61 | $-1.16 | $-1.90 |
EPS (Diluted) | $-0.32 | $-1.39 | $-1.61 | $-1.16 | $-1.90 |
Basic Shares Outstanding | 101457792 | 96057000 | 97351241 | 93884566 | 36344234 |
Diluted Shares Outstanding | 101457792 | 96057000 | 97351241 | 93884566 | 36344234 |
Income Statement Trend
Porch Balance Sheet From 2020 to 2024
Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Assets | |||||
Current Assets | |||||
Cash & Equivalents | 167.6M | 258.4M | 215.1M | 315.7M | 196.0M |
Short-term Investments | 24.1M | 35.6M | 36.5M | 9.3M | 0 |
Accounts Receivable | 19.1M | 24.3M | 26.4M | 28.8M | 4.3M |
Inventory | - | - | - | - | - |
Other Current Assets | 15.3M | 13.2M | 11.3M | 14.3M | 4.1M |
Total Current Assets | 365.1M | 481.1M | 610.6M | 605.1M | 215.8M |
Non-Current Assets | |||||
Property, Plant & Equipment | 0 | 0 | 4.2M | 4.5M | 0 |
Goodwill | 452.6M | 471.0M | 597.6M | 581.2M | 72.5M |
Intangible Assets | 68.7M | 87.2M | 108.3M | 129.7M | 16.0M |
Long-term Investments | - | - | - | - | - |
Other Non-Current Assets | 7.0M | 18.7M | 18.1M | 8.7M | 3.7M |
Total Non-Current Assets | 448.8M | 418.3M | 438.4M | 433.7M | 52.6M |
Total Assets | 814.0M | 899.4M | 1.0B | 1.0B | 268.4M |
Liabilities | |||||
Current Liabilities | |||||
Accounts Payable | 4.5M | 8.8M | 6.3M | 7.0M | 9.2M |
Short-term Debt | 150.0K | 244.0K | 16.5M | 150.0K | 4.7M |
Current Portion of Long-term Debt | - | - | - | - | - |
Other Current Liabilities | 5.3M | 27.8M | 22.0M | 55.3M | 2.7M |
Total Current Liabilities | 414.2M | 462.2M | 515.6M | 363.1M | 31.7M |
Non-Current Liabilities | |||||
Long-term Debt | 403.8M | 435.5M | 425.3M | 417.3M | 43.2M |
Deferred Tax Liabilities | - | - | - | - | - |
Other Non-Current Liabilities | 39.2M | 37.4M | 28.8M | 26.1M | 54.0M |
Total Non-Current Liabilities | 443.0M | 472.9M | 454.1M | 458.6M | 129.3M |
Total Liabilities | 857.2M | 935.1M | 969.7M | 821.7M | 161.1M |
Equity | |||||
Common Stock | 10.0K | 10.0K | 10.0K | 10.0K | 8.0K |
Retained Earnings | -754.9M | -722.1M | -585.0M | -424.1M | -317.5M |
Treasury Stock | - | - | - | - | - |
Other Equity | - | - | - | - | - |
Total Shareholders Equity | -43.2M | -35.7M | 79.4M | 217.0M | 107.3M |
Key Metrics | |||||
Total Debt | 403.9M | 435.7M | 441.8M | 417.4M | 48.0M |
Working Capital | -49.0M | 18.9M | 95.0M | 241.9M | 184.1M |
Balance Sheet Composition
Porch Cash Flow Statement From 2020 to 2024
Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Operating Activities | |||||
Net Income | -32.8M | -133.9M | -156.6M | -106.6M | -54.0M |
Depreciation & Amortization | 25.5M | 24.4M | 27.9M | 16.4M | 6.6M |
Stock-Based Compensation | 27.2M | 20.7M | 27.0M | 38.6M | 11.3M |
Working Capital Changes | -17.3M | 90.3M | 43.7M | -56.0K | 2.0M |
Operating Cash Flow | 7.4M | 21.8M | -59.2M | -30.1M | -24.0M |
Investing Activities | |||||
Capital Expenditures | -523.0K | -851.0K | -2.4M | -972.0K | -279.0K |
Acquisitions | 10.9M | -2.0M | -38.6M | -256.4M | -7.8M |
Investment Purchases | -110.9M | -91.0M | -52.5M | -24.0M | 0 |
Investment Sales | 67.8M | 46.8M | 21.9M | 21.7M | 0 |
Investing Cash Flow | -32.8M | -47.0M | -71.6M | -259.7M | -8.1M |
Financing Activities | |||||
Share Repurchases | 0 | -5.6M | -1.8M | 0 | -42.0K |
Dividends Paid | - | - | 0 | 0 | -30.0M |
Debt Issuance | 0 | 116.7M | 10.0M | 413.5M | 66.2M |
Debt Repayment | -23.4M | -10.2M | -5.2M | -47.0M | -81.6M |
Financing Cash Flow | -23.7M | 91.0M | 1.2M | 288.8M | 258.7M |
Free Cash Flow | -44.5M | 23.8M | -28.2M | -39.5M | -51.5M |
Net Change in Cash | -49.1M | 65.8M | -129.6M | -1.0M | 226.6M |
Cash Flow Trend
Porch Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
26.75
Forward P/E
-19.97
Price to Book
-720.89
Price to Sales
3.59
PEG Ratio
-0.26
Profitability Ratios
Profit Margin
12.82%
Operating Margin
4.23%
Return on Equity
75.95%
Return on Assets
1.76%
Financial Health
Current Ratio
0.79
Debt to Equity
-180.13
Beta
2.72
Per Share Data
EPS (TTM)
$0.56
Book Value per Share
$-0.28
Revenue per Share
$4.29
Peer Financial Comparison
Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
---|---|---|---|---|---|---|
prch | 1.6B | 26.75 | -720.89 | 75.95% | 12.82% | -180.13 |
Salesforce | 235.0B | 38.47 | 3.88 | 10.31% | 16.08% | 19.81 |
Intuit | 200.1B | 58.50 | 9.95 | 17.84% | 19.07% | 0.35 |
Eplus | 1.9B | 17.28 | 1.87 | 11.42% | 5.45% | 12.68 |
Matterport | 1.8B | -6.73 | 4.43 | -55.40% | -151.22% | 0.05 |
Olo | 1.7B | 1,038.00 | 2.44 | -0.13% | -0.28% | 1.80 |
Financial data is updated regularly. All figures are in the company's reporting currency.