Porch Group Inc
For the period ended Dec 31, 2024. Filed Feb 25, 2025.
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FY2024 · Filed Feb 25, 2025
PRCH$20.64+4.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $167,643 | $258,418 |
| Accounts receivable, net | 19,106 | 24,288 |
| Short-term investments | 24,099 | 35,588 |
| Reinsurance balance due | 92,303 | 83,582 |
| Prepaid expenses and other current assets | 15,295 | 13,214 |
| Deferred policy acquisition costs | 17,542 | 27,174 |
| Restricted cash and cash equivalents | 29,139 | 38,814 |
| Total current assets | 365,127 | 481,078 |
| Property, equipment, and software, net | 22,542 | 16,861 |
| Goodwill | 191,907 | 191,907 |
| Long-term investments | 158,652 | 103,588 |
| Intangible assets, net | 68,746 | 87,216 |
| Other assets | 6,994 | 18,743 |
| Total assets | $813,968 | $899,393 |
| Liabilities and Stockholders' Deficit | ||
| Current liabilities | ||
| Accounts payable | $4,538 | $8,761 |
| Accrued expenses and other current liabilities | 41,245 | 59,396 |
| Deferred revenue | 248,669 | 248,683 |
| Refundable customer deposits | 12,629 | 17,980 |
| Current debt | 150 | 244 |
| Losses and loss adjustment expense reserves | 67,785 | 95,503 |
| Other insurance liabilities, current | 39,140 | 31,585 |
| Total current liabilities | 414,156 | 462,152 |
| Long-term debt | 403,788 | 435,495 |
| Other liabilities | 39,249 | 37,429 |
| Total liabilities | 857,193 | 935,076 |
| Commitments and contingencies (Note 17) | ||
| Stockholders' deficit | ||
| Common stock, $0.0001 par value per share: | 10 | 10 |
| Authorized shares – 400 million and 400 million, at December 31, 2024 and 2023, respectively | ||
| Issued and outstanding shares – 119.8 million(1) and 97.1 million, at December 31, 2024 and 2023, respectively | ||
| Additional paid-in capital | 717,066 | 690,223 |
| Accumulated other comprehensive loss | (5,446) | (3,860) |
| Accumulated deficit | (754,855) | (722,056) |
| Total stockholders' deficit | (43,225) | (35,683) |
| Total liabilities and stockholders' deficit | $813,968 | $899,393 |
(1)Includes 18.3 million shares of common stock held by Homeowners of America Insurance Company as of December 31, 2024.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.