Porch Group, Inc.
For the period ended Mar 31, 2026. Filed Apr 28, 2026.
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.
Mar 31, 2026 · Filed Apr 28, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Balance Sheets (Unaudited)
| March 31, 2026 · December 31, 2025 | |||
|---|---|---|---|
| Assets | |||
| Current assets | |||
| Cash and cash equivalents | $64,202 | $44,676 | |
| Accounts receivable, net | 12,100 | 11,307 | |
| Short-term investments | 4,215 | 12,616 | |
| Prepaid expenses | 7,542 | 6,440 | |
| Restricted cash and cash equivalents | 8,060 | 8,503 | |
| Other current assets | 5,334 | 4,666 | |
| Total current assets | 101,453 | 88,208 | |
| Property, equipment, and software, net | 29,600 | 27,607 | |
| Goodwill | 191,907 | 191,907 | |
| Long-term investments | 57,597 | 55,412 | |
| Intangible assets, net | 28,815 | 30,492 | |
| Other assets | 6,381 | 6,541 | |
| Assets of Reciprocal: | (1) | ||
| Cash and cash equivalents, including restricted | 107,094 | 115,932 | |
| Accounts receivable, net | 10,396 | 9,054 | |
| Short-term investments | 9,483 | 7,664 | |
| Reinsurance balance due | 38,409 | 37,653 | |
| Prepaid expenses and other current assets | 3,223 | 3,945 | |
| Deferred policy acquisition costs | 28,469 | 26,707 | |
| Intangible assets, net | 22,356 | 23,319 | |
| Long-term investments | 171,399 | 172,978 | |
| Other assets | — | 4 | |
| Total assets | $806,582 | $797,423 | |
(1)Porch Reciprocal Exchange (the “Reciprocal”) is a consolidated variable interest entity not owned by Porch Group, Inc. (see Note 3 in the unaudited Notes to Condensed Consolidated Financial Statements).
Condensed Consolidated Balance Sheets (Unaudited) - Continued
| March 31, 2026 · December 31, 2025 | |||
|---|---|---|---|
| Liabilities and Stockholders' Equity | |||
| Current liabilities | |||
| Accounts payable | $3,431 | $4,046 | |
| Accrued expenses and other current liabilities | 52,193 | 38,877 | |
| Deferred revenue | 4,161 | 4,552 | |
| Refundable customer deposits | 11,773 | 12,535 | |
| Current debt | 7,782 | 7,772 | |
| Total current liabilities | 79,340 | 67,782 | |
| Long-term debt | 391,263 | 385,060 | |
| Other liabilities | 12,046 | 14,987 | |
| Liabilities of Reciprocal: | (1) | ||
| Accounts payable and other current liabilities | 7,768 | 13,838 | |
| Deferred revenue | 215,235 | 219,559 | |
| Losses and loss adjustment expense reserves | 47,448 | 49,159 | |
| Other insurance liabilities, current | 26,357 | 23,834 | |
| Other liabilities | 818 | 818 | |
| Total liabilities | 780,275 | 775,037 | |
| Commitments and contingencies (Note 16) | |||
| Stockholders' equity | |||
| Common stock, $0.0001 par value per share | 11 | 11 | |
| Additional paid-in capital | 630,397 | 622,996 | |
| Accumulated other comprehensive income (loss) | (316) | 642 | |
| Accumulated deficit | (655,492) | (648,268) | |
| Porch stockholders' deficit | (25,400) | (24,619) | |
| Noncontrolling interest related to the Reciprocal | 51,707 | 47,005 | |
| Total stockholders' equity | 26,307 | 22,386 | |
| Total liabilities and stockholders' equity | $806,582 | $797,423 | |
(1)The Reciprocal is a consolidated variable interest entity not owned by Porch Group, Inc. (see Note 3 in the unaudited Notes to Condensed Consolidated Financial Statements).
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.