Porch Group Inc
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 7, 2024
PRCH$20.64+4.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Table of Contents
| Page | |
|---|---|
| PART I — FINANCIAL INFORMATION | 3 |
| Item 1. Financial Statements | 3 |
| Condensed Consolidated Balance Sheets (Unaudited) | 3 |
| Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) | 4 |
| Condensed Consolidated Statements of Stockholders’ Equity (Deficit) (Unaudited) | 5 |
| Condensed Consolidated Statements of Cash Flows (Unaudited) | 7 |
| Notes to Condensed Consolidated Financial Statements (Unaudited) | 8 |
| Note 1. Description of Business and Summary of Significant Accounting Policies | 8 |
| Note 2. Revenue | 12 |
| Note 3. Investments | 14 |
| Note 4. Fair Value | 16 |
| Note 5. Property, Equipment, and Software | 19 |
| Note 6. Intangible Assets and Goodwill | 19 |
| Note 7. Debt | 20 |
| Note 8. Stockholders' Equity and Warrants | 21 |
| Note 9. Stock-Based Compensation | 22 |
| Note 10. Reinsurance | 22 |
| Note 11. Unpaid Losses and Loss Adjustment Reserve | 25 |
| Note 12. Other Income (Expense), Net | 25 |
| Note 13. Income Taxes | 25 |
| Note 14. Commitments and Contingencies | 26 |
| Note 15. Business Disposition | 26 |
| Note 16. Segment Information | 26 |
| Note 17. Net Income (Loss) Per Share | 28 |
| Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations | 30 |
| Item 3. Quantitative and Qualitative Disclosures About Market Risk | 46 |
| Item 4. Controls and Procedures | 47 |
| PART II — OTHER INFORMATION | 48 |
| Item 1. Legal Proceedings | 48 |
| Item 1A. Risk Factors | 48 |
| Item 2. Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities | 49 |
| Item 3. Defaults Upon Senior Securities | 49 |
| Item 4. Mine Safety Disclosures | 49 |
| Item 5. Other Information | 50 |
| Item 6. Exhibits | 51 |
| SIGNATURES | 52 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.