Porch Group, Inc.
For the period ended Dec 31, 2025. Filed Feb 20, 2026.
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FY2025 · Filed Feb 20, 2026
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 Operations and Comprehensive Loss
| Year Ended December 31, | ||||||
|---|---|---|---|---|---|---|
| 2025 · 2024 · 2023 | ||||||
| Revenue | $482,414 | $437,848 | $430,302 | |||
| Cost of revenue | 142,424 | 235,920 | 229,407 | |||
| Gross profit | 339,990 | 201,928 | 200,895 | |||
| Operating expenses: | ||||||
| Selling and marketing | 139,578 | 122,873 | 144,303 | |||
| Product and technology | 53,317 | 48,138 | 51,457 | |||
| General and administrative | 105,200 | 95,249 | 101,077 | |||
| Provision for doubtful accounts | 5,325 | 239 | 37,180 | |||
| Impairment loss on intangible assets and goodwill | — | — | 57,232 | |||
| Operating income (loss) | 36,570 | (64,571) | (190,354) | |||
| Other income (expense): | ||||||
| Interest expense | (51,572) | (42,536) | (31,828) | |||
| Change in fair value of earnout liability | — | — | 44 | |||
| Change in fair value of private warrant liability | (4,013) | 691 | (444) | |||
| Change in fair value of derivatives | 19,635 | 5,869 | (4,261) | |||
| Gain on extinguishment of debt | 395 | 27,436 | 81,354 | |||
| Investment income and realized gains and losses, net of investment expenses | 11,671 | 13,697 | 8,285 | |||
| Other income, net | 14,049 | 28,702 | 3,893 | |||
| Total other income (expense) | (9,835) | 33,859 | 57,043 | |||
| Income (loss) before income taxes | 26,735 | (30,712) | (133,311) | |||
| Income tax expense | (11,417) | (2,117) | (622) | |||
| Net income (loss) | 15,318 | (32,829) | (133,933) | |||
| Less: Net income attributable to the Reciprocal | 18,679 | — | ||||
| Net loss attributable to Porch | $(3,361) | $(32,829) | $(133,933) | |||
| Earnings Per Share - Basic & Diluted | ||||||
| Net loss attributable to Porch per share - basic and diluted | $(0.03) | $(0.33) | $(1.39) | |||
| Weighted average shares outstanding used to compute net loss attributable to Porch per share - basic and diluted | 103,688 | 99,585 | 96,057 | |||
| Comprehensive Income | ||||||
| Net income (loss) | $15,318 | $(32,829) | $(133,933) | |||
| Other comprehensive income (loss): | ||||||
| Change in net unrealized loss, net of tax | 6,266 | (1,586) | 2,311 | |||
| Comprehensive income (loss) | 21,584 | (34,415) | (131,622) | |||
| Less: Comprehensive income attributable to the Reciprocal | 24,359 | — | — | |||
| Comprehensive loss attributable to Porch | $(2,775) | $(34,415) | $(131,622) | |||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.