Porch Group Inc
For the period ended Dec 31, 2023. Filed Mar 15, 2024.
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FY2023 · Filed Mar 15, 2024
PRCH$21.95+6.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Stockholders’ Equity (Deficit)
| Common Stock · AdditionalPaid-inCapital · AccumulatedDeficit · AccumulatedOtherComprehensiveLoss · TotalStockholders’Equity (Deficit) | |||||||
|---|---|---|---|---|---|---|---|
| Shares · Amount | |||||||
| Balances as of December 31, 2020 | 81,669 | $8 | $424,823 | $(317,506) | $— | $107,325 | |
| Net loss | — | — | — | (106,606) | (106,606) | ||
| Other comprehensive loss, net of tax | — | — | — | — | (259) | (259) | |
| Stock-based compensation | — | — | 15,631 | — | — | 15,631 | |
| Stock-based compensation - earnout | — | — | 22,961 | — | — | 22,961 | |
| Issuance of common stock for acquisitions | 2,043 | 1 | 35,706 | — | — | 35,707 | |
| Contingent consideration for acquisitions | — | — | 6,685 | — | — | 6,685 | |
| Reclassification of earnout liability upon vesting | — | — | 54,891 | — | — | 54,891 | |
| Reclassification of private warrant liability upon exercise | — | — | 31,730 | — | — | 31,730 | |
| Vesting of restricted stock | 2,549 | — | — | — | — | — | |
| Exercise of stock warrants | 11,521 | 1 | 126,768 | — | — | 126,769 | |
| Exercise of stock options | 1,701 | — | 4,326 | — | — | 4,326 | |
| Income tax withholdings | (1,521) | — | (28,940) | — | — | (28,940) | |
| Capped call transactions | — | — | (52,913) | — | — | (52,913) | |
| Transaction costs | — | — | (262) | — | — | (262) | |
| Balances as of December 31, 2021 | 97,962 | $10 | $641,406 | $(424,112) | $(259) | $217,045 | |
| Net loss | — | — | — | (156,559) | — | (156,559) | |
| Other comprehensive loss, net of tax | — | — | — | — | (5,912) | (5,912) | |
| Stock-based compensation | — | — | 27,041 | — | — | 27,041 | |
| Issuance of common stock for acquisitions | 629 | — | 3,552 | — | — | 3,552 | |
| Contingent consideration for acquisitions | — | — | 530 | — | — | 530 | |
| Vesting of restricted stock | 2,145 | — | — | — | — | — | |
| Exercise of stock options | 474 | — | 1,116 | — | — | 1,116 | |
| Income tax withholdings | (613) | — | (3,108) | — | — | (3,108) | |
| Repurchases of common stock | (2,389) | — | — | (4,352) | — | (4,352) | |
| Balances as of December 31, 2022 | 98,206 | $10 | $670,537 | $(585,023) | $(6,171) | $79,353 | |
| Net loss | — | — | — | (133,933) | — | (133,933) | |
| Other comprehensive income, net of tax | — | — | — | — | 2,311 | 2,311 | |
| Stock-based compensation | — | — | 20,709 | — | — | 20,709 | |
| Vesting of restricted stock | 3,122 | — | — | — | — | — | |
| Exercise of stock options | 20 | — | 26 | — | — | 26 | |
| Income tax withholdings | (841) | — | (1,240) | — | — | (1,240) | |
| Repurchases of common stock | (1,396) | — | — | (3,100) | — | (3,100) | |
| Cancellations of common stock | (2,050) | — | — | — | — | — | |
| Proceeds from sale of common stock | — | — | 191 | — | — | 191 | |
| Balances as of December 31, 2023 | 97,061 | $10 | $690,223 | $(722,056) | $(3,860) | $(35,683) | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.